Codie SanchezFounder @ Contrarian Thinking

How Negotiating Your Salary Could Make You $1 Million #shorts

25 Jan 2023 · 0 min

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Codie Sanchez shows how negotiating annual raises of 8.5 to 10% compounds into roughly $1 million more over a career. She shares her own experience turning down a Goldman offer she thought was too low, and uses a graph to show how small yearly negotiation wins stack up.

If you're not planning to ask for at least an 8.5% pay increase, maybe 9 or 10%, you're kind of taking a pay cut. In this environment, with all the inflation. I got an offer from Goldman. Too low. I was going to take it, but then my debate professor at college showed me a graph that looks like this. If you have two people who negotiate their jobs, one does and one doesn't over the lifetime of their career, not negotiating. Just a 1 to 4% a year raise equals about a million bucks in wages.