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how to get paid more

#money #job

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To: Friend
Subject: Career question for you

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Ashley’s Answer

Hi Sebastian.

Can you give us some additional information on what kind of career you are interested in? Getting a paycheck is critical for us to meet our expected standard of living. Every career has some nuance around what elements will result in regular promotions and increased salary.

However, in most cases there are key elements which result in increased pay. An employer will pay more when you are more valuable to them. That could be for a lot of different reason, but generally comes down to Experience and Education/Training. Whether that's as a mechanic or a doctor - the more experience you have, the more training, and the more certifications, the more valuable you are to your employer.

When I started out in my career I had a college degree, but my experience as a receptionist got me in the door to a manufacturing company as their receptionist (my degree was in Zoology, so not related to what they did at all). I got my first promotion into a new position after I showed commitment to help with a project outside of my role . As I consistently demonstrated competence and the willingness to learn new things and help across the organization, I received consistent raises and spot bonuses. Additionally, I was able to keep learning new things and growing. As I learned more and my value grew, I became more critical to the operations of the company and that resulted in significant pay increases.

Good luck!

Ashley recommends the following next steps:

Determine a couple of career paths that are interesting to you.
Ask a mentor or do some research on line to understand what the base starting salary is in your market or region.
Talk to someone about the different promotion paths that are available and what experience or education results in increased salary or bonus potential.
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Sonia’s Answer

There are many ways to make more money:
1. Work more hours at your job or get a second job (multiple streams of income are an excellent way to increase your cash flow/income)
2. College education (the more degrees you have, the greater asset you are to a company and likelihood to make more money)
3. If a college education is not your thing, you can go into a sales position where your income potential is unlimited. Sales is difficult if you are not a people-person and outgoing. But if you are outgoing and ambitious, you have unlimited potential in sales. Just be sure you pick a field or product you really enjoying marketing and selling.
4. Create your own business. Decide on a skill or service you would be good at offering and work for yourself. There is no better return of investment than you.
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