How to Ask for a Raise: Step-By-Step Process to Make the Ask & Actually Get It | E133 Andrew Giancola
You’re a top performer at work. Your manager routinely praises you and you’ve been taking on more responsibilities as your team and your company grows. With all of these positive indicators, a thought has been in the back of your mind - “I deserve a raise.” Those 2 to 3% increases you’ve received the last couple of years aren’t making a major difference to your financial situation let alone keeping up with inflation.
Even with this information though, you haven’t gotten the courage to talk to your manager. Maybe your company is going through a difficult period or you have a great relationship with your manager and you’re afraid this conversation would add some tension or awkwardness.
So what are you going to do?
This episode is going to kick off with my friend Andrew Giancola breaking down some of the math behind why you can’t continue to ignore this problem. I’ll let him share the details but essentially, negotiating a raise every few years will make a drastic impact on your earning power. We are talking mid-6 figures or more!
This can’t be ignored…but it also needs to be handled professionally. Busting into your manager’s office demanding a raise because you’re fed up with being underpaid isn’t the solution either. So once again, what are you going to do?
The good news is you don’t have to answer that question because Andrew will do it for you. Andrew Giancola hosts The Personal Finance Podcast, where he helps listeners discover how to easily save, invest, and grow their money to build generational wealth. One of Andrew’s favorite topics to discuss is how to ask for a raise because he knows how impactful yet sensitive it can be.
In this episode, we are going to walk through his step-by-step process of asking for a raise including initiating the conversation, proving your worth, making the ask, and getting a yes. I love his system because it is built around intentional communication and it is going to make it easy for someone that is nervous to approach their manager. I also think his step-by-step process won’t leave you looking like someone ungrateful but instead, treated like a professional that knows their worth.
If you’re interested in making more money and getting on the path to early financial independence make sure to hit the follow button because we will be covering both of those topics extensively this year.
Alright, I hope you enjoy my conversation with…the man who went from living paycheck to paycheck to becoming a millionaire by 32…Andrew Giancola.
Key Takeaways:
- How a small raise compounds into a 7-figure accumulation
- When to start the conversation about a raise
- Script for opening the conversation with your manager
- How to demonstrate your value during the process
- Avoiding an awkward conversation with your manager
- How to make it so easy they have to say yes
- Common objections and how to handle them
- What to do if your manager or company says no
- How to ask for a raise when you work from home
Mentions:
Asking for a Raise E-Book: https://mastermoney.co/get-that-raise-ebook/
More of Andrew:
Website: https://mastermoney.co/
Podcast: https://mastermoney.co/podcast/
More of The Struggle is Real:
Find show notes and more at https://www.tsirpodcast.com/
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