Why allow yourself to get paid less
Why allow yourself to get paid less than your market value. Are you that rich that you can forgo the additional income?
For example, if you earned $50000 and received a 10% salary increase, you would be earning $55000. You would be ahead of inflation (inflation is5.4% including the tax bite; you would be getting an actual raise ahead of inflation).
But let?s look at the multiplier?5 years from now, if you only received a 5% raise each year, here?s what would happen:
Year Raise to: Money you are ahead
$50000 $55000 $5000
$55000 $57500 $12250
$57500 $60300 $22550
$60300 $63315 $35815
$63315 $66480 $52295
Can you really afford to ignore over $50000 in earnings? And what if you joined a company where raises were even higher?
Most people I meet work to take care of their family, to save for their future and enjoy life.
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