Ramit Sethi shows how to negotiate a raise by shifting your mindset about asking for money. A $25,000 raise at $80K salary compounds to $1.18 million over 30 years. Most people avoid negotiating because they fear seeming greedy, but your pay is determined by what you ask for.
Many people never negotiate their salary because it feels awkward. But skipping that conversation can cost you more than 6 figures. But if you ask for a raise the right way, you will be ahead of 99% of other people. Let's break down the technique I've used to help real people negotiate raises of $25,000 or more. Whether you're interviewing for a new job or you want to get paid what you deserve right now at your current job, The best time to start is now. So let's get started. I know, especially in America, asking for more money can feel greedy, but it's not because there is a good chance that you are underpaid and the only person who can fix that is you. People don't pay you what you're worth. They pay you what you ask for. Intuitively, you would probably not buy the first house you saw. So why would you sell 40+ hours of your life every single week without negotiating? Well, I know the answer to that. You're afraid of negotiating. You think it's weird. You think you're being cheap. You have this little voice in the back of your head telling you all the reasons you shouldn't. Oh, I'm so lucky just to have a job. But you never thought about the other voice that says, hey, if you don't negotiate, you are leaving serious money on the table. Let's say, for example, that you currently make $80,000. Then you negotiate a $25,000 raise at this new job for a total salary of $105K. Let's also say you get a cost of living increase of 3% every year after you start working. After 30 years, if you negotiated, you've earned a total of $4.99 million. Without that $25,000 raise, you've only earned a total of $3.8 million. That's $1.18 million more from one conversation.
