5 Ways Negotiating Can Make You Rich

Those who become rich know one very important thing that most others don’t and it’s that you don’t always get what you ask for but you never get what you don’t ask for. Because of this, the rich cultivate the skill of negotiating to get ahead in their financial pursuits as well as their life as a whole. Let’s dive into how you can apply negotiation skills into your own life in order to get head!

Method #1: Salary Negotiations

Did you know that you can make more money if you negotiate your salary? I believe that most people know that already, however, only a few actually go through with it. Why? The main reason people don’t negotiate is that they are afraid.

Let me ask you this, have you ever thought that you deserve to be paid more money than you are currently earning? If you have thought of it then you may be earning less than you should. Look around for people with similar skills and the same level of experience as yourself and find out how much they are earning. If you want to earn as much as they do, you can either look for another job or simply negotiate your salary with your employer.

I understand that most people don’t feel comfortable talking about money and this also affects them when it comes to negotiating their salary. However, negotiating your salary is not hard when you know what to do and how to go about it. I will show you the best way to negotiate your salary whether you’re new to the working world, are a salaried employee or work as a freelancer.

One of the first things that you need to do is to think of the benefits that negotiating your salary will give you. Thinking of these benefits can help you overcome your fear of negotiating. First, earning more money means that you’ll have more money to spend and save. Also, if you negotiate your base salary, you would earn more money in the future as future pay increments would be applied to a higher salary.

The power of negotiation is extra prominent when it comes to the freelancing world. If you increase your rate as a freelancer, you will earn more while working the same hours and sometimes even less. Talk about getting the best of both worlds! Let’s look at some examples so we can understand this idea better.