Don’t "Ask" For a Raise (How High-Earners Get Pay Raises)

Do you know how to ask for a raise? If you’re like most people, you probably think that we’re asking a rhetorical question. If you think it’s as easy as simply walking up to your boss, asking for more money, and leaving, you probably haven’t ever asked for a raise before. Behind every pay raise request is a clammy-handed employee, hoping that they’ve done well enough to justify that salary bump. Maybe you’re nervous to talk to your boss, maybe you feel unprepared, or maybe you just find it hard to talk about money. On today’s show, Kassandra Dasent, program manager and wealth advocate, touches on how every employee can prepare to get the raise they deserve. Despite what most people think, you should NOT prepare for your salary review days before it happens. Kassandra has a simple timeline that allows employees to maximize their raise potential throughout the year. So, when it finally comes time to talk numbers, most of the discussion is already done. This type of strategy has not only helped Kassandra but numerous listeners of the BiggerPockets Money Podcast. But, what if you can’t get a raise? What if your boss says no? What if there’s no budget left for you at the end of the day? Don’t fret, Kassandra lays out the exit strategies you should plan for when career hiccups happen (which they inevitably will). ~~~~ Join the BiggerPockets Money Facebook Group:   / bpmoney   ~~~~ Listen to Erin Lowry’s Episode on Breaking the Taboo of Talking About Money: https://www.biggerpockets.com/blog/bi... ~~~~ Tell Mindy She’s a Great Podcast Host: [email protected] ~~~~ Convince Scott That Mindy Needs a Pay Raise: [email protected] ~~~~ Connect with Kassandra:   / kassandradasent   ~~~~ 4 Reasons Negotiating Regularly Will Make You Richer, Wiser, & More Confident: https://www.biggerpockets.com/blog/ne... ~~~~ How to Ask for a Raise (and Get It): https://www.biggerpockets.com/blog/ho... ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?u... Finance Friday: https://www.biggerpockets.com/finance... ~~~~ Connect with Scott and Mindy on BiggerPockets: Scott: https://www.biggerpockets.com/users/s... Mindy: https://www.biggerpockets.com/users/m... Episode 287 Show notes at: https://www.biggerpockets.com/blog/mo... 00:00 Intro 02:02 Why It's Hard to Ask for a Raise 05:13 Building Your "Success Folder" 11:13 Showing Your Value to a Boss 17:12 Mitigating the Fear of Salary Confrontation 22:15 Career Setbacks 24:26 Strategizing Your Raise 34:59 When It's Time to Quit 42:00 How Often Should You Update Your Resume? 48:15 Go Get That Raise!