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The following article was published in our article directory on January 3, 2013.
Learn more about SpinDistribute Article Distribution System.
Article Category: Business
Author Name: Justin Finkelstein
Reduction of Expenses Is Better than Increase in Salary
This premise alone can save you hundreds if not thousands of dollars each month. When you reduce an expense, 100% of that goes directly to your bottom line. This means that if you cut out one dollar in expenses that you will have one more dollar in your pocket.
However, if you increase your salary or your income, then you have to pay taxes on that increase and that means that for every dollar increase, you will actually only have $0.50 to $0.70 in your pocket. Now, this premise is a little bit different if you are earning the income in a business but the key principle is that expense reduction can have a great impact.
It is even better, if you can reduce an expense that is a recurring expense, because you will get the benefit for multiple months as opposed to just one time.
Subscriptions that are recurring very well for this type of decrease. Remember, even if you get rid of a subscription or any other type of cost, you can always add it back later if you need to have an increase.
Negotiate for a Higher Salary
Negotiating for a higher salary works a lot better when you are applying for a new position, then it does when you are in your current position. However, the principles apply the same way in both cases. Here is a quick tutorial on negotiating a higher salary.
1. Let them do all of the talking – Let them know you are not happy with the salary that has been offered or you would like an increase and shut your mouth. Put the burden of the rest of the conversation on the person that you are negotiating with. Most likely, they will talk themselves into a situation that is beneficial for you if you let them.
2. If salary is not negotiable, then find what is negotiable – There may be other aspects of your compensation that are negotiable. Obviously, salary is the best, but you may be able to get a one time bonus or increased vacation time at the beginning. The key is to find out what is negotiable at the beginning and negotiate those points as opposed to the ones that re not negotiable at all.
Earning Extra Income
Your income is a direct correlation to the skills that you have and your ability to market those skills. It is as simple as that. Develop a new skill over the next 90 days. This may be writing or this may be learning how to garden. Learn the new skill, get very good at that skill and then you will find yourself in a position to earn extra money. Any money earned before those 90 days is up is simply bonus money.
Keywords: Simple Money Making Tips, Simple Tips for Making Money,
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