promotions http://www.wisebread.com/taxonomy/term/799/all en-US The Ugly Truth of Workplace Success: Popularity Still Matters http://www.wisebread.com/the-ugly-truth-of-workplace-success-popularity-still-matters <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-ugly-truth-of-workplace-success-popularity-still-matters" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/another_success_for_the_team.jpg" alt="Another success for the team" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you thought the popularity contests of high school would end once you entered the workforce, you might be in for a rude awakening.</p> <p>Sadly, almost every place you will ever work places a value on popularity. They may not admit it, or even realize they do it, but managers and clients will always reward it. Here's why popularity matters so much at work, and how you should handle it.</p> <h2>Popular employees get promotions and raises</h2> <p>No manager is ever going to confess that they promote people simply because they like them, but it's a fact of working life.</p> <p>If you want to climb the ladder, you need to become a well-liked figure in your department. If you want to climb the ladder quickly, you should become one of the most well-liked figures in the whole organization. If you're highly respected, well-known, and people only have good things to say about you, then it's easier for someone in the decision-making process to sign their name on a promotion form.</p> <p>Conversely, if you're not popular, or even worse, disliked, then your hard work may never be rewarded. It sounds childish. After all, if you do your job well and make the company money, isn't that all that matters? No, it's not. People are people, and they won't want to reward someone they don't like.</p> <h2>Popularity at work can help you stay physically and mentally healthy</h2> <p>It seems like an obvious conclusion to draw, but it was actually part of a recent Duke University study performed on macaque monkeys. Macaques are close evolutionary relatives to humans, and were considered ideal subject matter for the research.</p> <p>Female macaques were introduced to an enclosure, and the order of their arrival dictated their social ranking. Newcomers were at the bottom rung of the social ladder. Researchers found that lower-ranking monkeys showed lower levels of some disease-fighting cells than their higher-ranking counterparts. When researchers changed up status rankings by reorganizing the groups of macaques, they found the same results. Monkeys moved into higher-status groups showed improvements in their immune systems. &quot;Those whose status improved became more sought-after grooming partners once they were promoted, giving them more opportunities to relieve stress through bonding,&quot; according to the university's website.</p> <p>Now, while it's clearly not possible to test this in an office environment, the results do show that the popularity and social standing of each monkey directly correlated to their health and well-being.</p> <p>This makes sense in the workplace, where we spend the vast majority of our time. If you are popular, you get the stress-busting rewards of social bonding. Your self esteem takes a boost, and you feel like an important part of the team. You look forward to coming to work, and you have a great attitude.</p> <p>Conversely, if you are excluded, you generally feel like the odd one out, and your self esteem is going to nose-dive. You will likely take more sick days, and will not attend the social functions put on after work hours. This will all have a detrimental effect on your career.</p> <h2>Being perceived to be popular carries even more weight</h2> <p>According to Alan Redman, a business psychologist at the Criterion Partnership, there are actually two different types of popularity. And for work purposes, one is much more valuable than the other.</p> <p>The first type is known as being &quot;sociometrically popular.&quot; In layman's terms, this means that you are a genuinely popular, well-liked person who socializes well. You treat people fairly, you care for your coworkers, and you may even organize events and bring in food and treats for the team. This, although helpful to your career, is not going to go over as well as the second type &mdash; &quot;perceived popularity.&quot;</p> <p>Perceived popularity is more about balancing social activities with common strategies that lead to advancement. For example, you'll happily go to a team outing, enjoy drinks after work, play on the baseball team, and bring in snacks. But, you play office politics, too. You may manipulate situations to your advantage, work behind the scenes to remove certain people from the company, or go out of your way to be nice to people who can directly improve your position. You'll be seen as a nice person overall, but will also be seen as someone who means business.</p> <p>In short, &quot;If you just want to be popular, be socially popular, but if you want to get to the top, mix social popularity with relationally aggressive behavior,&quot; says Redman.</p> <h2>So, how do you become more popular?</h2> <p>It's not going to happen overnight. If you are already popular at work, it won't take much effort to launch yourself into the top. Attend a few more social functions, speak up a little more in meetings, show a little more empathy, bring in more treats, and basically be a more improved social version of your current self.</p> <p>However, if you are not considered popular, or worse still, you're actively disliked, then you have a mountain to climb. People formulate strong perceptions of you based on the first few encounters they have with you, compounded with the opinions of their peers. You will have to go out of your way to get into their good books without being blatant.</p> <p>If you suddenly start bringing food in every day, organizing team events, offering help on projects, and basically doing a complete 180 on your previous persona, people might smell a rat. So, be gradual. If there's a meeting and you're usually silent, or a naysayer, chime in a few times with some positive thoughts. Attend the occasional get together, without making it obvious that you're trying to fit in. Buy a round of drinks. Tell a few jokes.</p> <p>At work, occasionally bring in treats with a good reason, such as an early morning meeting that could use coffee and doughnuts. Slowly, but surely, you will start to change perceptions. Before you know it, you'll be asked to come out more. You'll be included in more lunchtime trips to the local cafe or restaurant. And people will say things like, &quot;Wow, I had no idea you could be so funny,&quot; or, &quot;You have really come out of your shell.&quot;</p> <p>Is it sad that this matters at work? Yes, it is. But we cannot change it. However, knowing that it makes a difference means we can make the system work for us. Good luck.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fthe-ugly-truth-of-workplace-success-popularity-still-matters&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FThe%2520Ugly%2520Truth%2520of%2520Workplace%2520Success-%2520Popularity%2520Still%2520Matters.jpg&amp;description=The%20Ugly%20Truth%20of%20Workplace%20Success%3A%20Popularity%20Still%20Matters"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/The%20Ugly%20Truth%20of%20Workplace%20Success-%20Popularity%20Still%20Matters.jpg" alt="The Ugly Truth of Workplace Success: Popularity Still Matters" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/the-ugly-truth-of-workplace-success-popularity-still-matters">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-jobs-that-robots-cant-do-yet">10 Jobs That Robots Can&#039;t Do, Yet</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-you-shouldnt-vacation-shame-your-coworkers">7 Reasons You Shouldn&#039;t &quot;Vacation Shame&quot; Your Coworkers</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-things-never-to-bring-up-in-a-job-interview">5 Things Never to Bring Up in a Job Interview</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/crime-scene-cleaner-and-4-other-trades-that-pay-surprisingly-well">Crime Scene Cleaner and 4 Other Trades That Pay Surprisingly Well</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-protect-your-job-when-youre-in-a-workplace-relationship">How to Protect Your Job When You&#039;re in a Workplace Relationship</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building corporate ladder coworkers employment getting ahead office politics popularity promotions Wed, 26 Jul 2017 09:00:14 +0000 Paul Michael 1990504 at http://www.wisebread.com 7 Reasons You Shouldn't "Vacation Shame" Your Coworkers http://www.wisebread.com/7-reasons-you-shouldnt-vacation-shame-your-coworkers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-reasons-you-shouldnt-vacation-shame-your-coworkers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_stressed_work_654187068.jpg" alt="Woman being vacation shamed by coworkers" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In 2015, Americans left <a href="http://www.projecttimeoff.com/research/work-martyrs-cautionary-tale" target="_blank">658 million vacation days</a> unused. It's a problem that has continued to ingrain itself in the American way of life, and it's only going to get worse. It even has a name &mdash; &quot;work martyrdom&quot; &mdash; and one of the most troubling reasons for it is feeling guilty about taking paid time off.</p> <p>Have you ever felt guilty about taking vacation, or made your coworkers feel guilty for taking time off? Well, you shouldn't. It's dangerous, and bad for both you and your company. (See also: <a href="http://www.wisebread.com/7-ways-to-actually-take-all-your-vacation-days-this-year?ref=seealso" target="_blank">7 Ways to Actually Take All Your Vacation Days This Year</a>)</p> <h2>1. Vacation is vital for good health</h2> <p>You wouldn't want to make your coworkers physically ill, but by guilting them out of their vacation time, you could be contributing to some very serious health risks. The Framingham Heart Study, the world's longest running study of heart disease, has some frightening statistics on vacation and health. The biggest &mdash; that men who failed to take a vacation for two years or more were 30 percent more likely to experience a heart attack than peers who took regular time off.</p> <p>A Marshfield Clinic study showed that women who took at least two vacations per year were less likely to suffer from depression than those who don't take time off. Other research has shown that not taking vacation can also lead to higher blood pressure, stress, poor family relationships, and if you're extremely overworked, even suicide. So, it's vital to actually encourage coworkers to take time off, especially if they look worn out. (See also: <a href="http://www.wisebread.com/science-proves-it-you-need-to-take-a-vacation?ref=seealso" target="_blank">Science Says We NEED to Take a Vacation</a>)</p> <h2>2. Vacation refreshes the mind and body</h2> <p>Research has proved it; when you take a vacation, you are improving your mind and your overall health. And if you work with people who need to be great at their jobs in order to make you and the company thrive, then you should encourage vacation time.</p> <p>A vacation is to a person what a reboot is to a computer that is slow, glitchy, and taking forever to do tasks that used to be done quickly. Mental breaks <a href="https://www.scientificamerican.com/article/mental-downtime/" target="_blank">recharge the mind</a>, and improve memory, productivity, and creativity &mdash; all vital in almost every job out there. You will find that although you may miss them when they're gone, your coworkers are upgraded versions of themselves when they return. And, they will be eager to dive in and get things done.</p> <h2>3. Vacation is just as much of a right as a bathroom or lunch break</h2> <p>Would you shame a coworker for daring to leave their desk for an hour to eat a meal? Would you point out that they could be doing valuable work when they are heading to the bathroom? Well, of course not. These are needs, and vacation is just as important as either of those.</p> <p>Vacation time may not be granted by U.S. law, but most employers offer paid leave as part of the benefits package. It's right there with health care and sick time (which, by the way, people also feel guilty about taking).</p> <p>The bottom line &mdash; every employee who takes paid time off has earned it, and they are simply using a benefit that comes with the position. In the case of people who don't get paid time off, which stands at around 25 percent, you have even less reason to shame them. They are losing money by taking this time, and that is a difficult financial decision for anyone to make.</p> <h2>4. Vacation keeps good employees at the company</h2> <p>An unhappy employee is one that is looking for another job. A 2015 Talent Trends survey found that one out of every three employees is actively looking for a new job. That's almost a third of the people at your company, right now, that wants out.</p> <p>It is a fact that it costs a company a lot more money to replace employees than it does to retain them. For entry level employees, it's between 30 percent and 50 percent of average annual salary. That figure increases to 150 percent for midlevel employees, and a <a href="https://www.eremedia.com/tlnt/what-was-leadership-thinking-the-shockingly-high-cost-of-employee-turnover/" target="_blank">whopping 400 percent</a> for high-level or specialized talent. And guess what? One of the big reasons people move on is the lack of a good work-life balance. (See also: <a href="http://www.wisebread.com/9-signs-your-work-life-balance-is-off?ref=seealso" target="_blank">9 Signs Your Work-Life Balance Is Off</a>)</p> <p>It is in the best interests of your company to keep people around, because it will not be spending excessive amounts of money retraining staff. Want a raise? More travel? A promotion? It's more likely to happen if people aren't quitting due to lack of time off.</p> <h2>5. Vacation broadens the mind</h2> <p>Well, to be more accurate, travel broadens the mind. But it's a little hard to travel if you don't take a vacation.</p> <p>In some careers, especially ones that require creative or lateral thinking, this can be a great asset to the company. A well-furnished mind is one that can draw from many life experiences. This can translate to new, innovative ideas and suggestions, and lead to positive changes at the company. This, in turn, can boost productivity and profits, and even lead to expansion.</p> <p>Someone who is staring at the same four walls day after day, month after month, is not going to be as valuable to the company as someone who has gone out into the world and done something new. Your company needs people who are well-traveled, not overworked.</p> <h2>6. Vacation boosts organizational morale</h2> <p>Who wants to work in a company filled with miserable, exhausted, irritable employees? That's what you get if you work in an environment that vacation-shames people.</p> <p>When you have very little to look forward to, coupled with a hectic work schedule and poor work-life balance, you're not going to be much fun to be around. Compare that to someone who is planning to go on vacation. They are recognizably happier and more enthusiastic, because they're looking forward to doing something fun. For those weeks, or months, they bring a sunny disposition with them to work. Then, they go on vacation and come back rested, refreshed, and ready to help.</p> <p>This is all good for the company, and good for you. You will get a lift from their energy, instead of being dragged down by morale that's in the gutter.</p> <h2>7. Vacation leads to better performance reviews and higher salaries</h2> <p>Put this in the &quot;strange but true&quot; category if you like, but a 2006 study by Ernst &amp; Young found that each additional 10 hours of vacation an employee took led to performance reviews that were 8 percent higher the following year. And, of course, higher performance reviews lead to increased salary bumps, promotions, and greater opportunities within the company.</p> <p>Why would this be? Well, look back at all the reasons given in this article for taking a vacation, and the answer becomes obvious. Employees that take vacation are sharper, happier, healthier, and more productive than coworkers who do not take time off. Naturally, this translates to better performance at work, a better attitude, and a better review.</p> <p>So, even if you're not vacation-shaming anyone (and hopefully that's the case), you should look at your own vacation plan and increase your days off. It will positively impact your career.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-reasons-you-shouldnt-vacation-shame-your-coworkers&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520Reasons%2520You%2520Shouldnt%2520Vacation%2520Shame%2520Your%2520Coworkers.jpg&amp;description=7%20Reasons%20You%20Shouldn't%20%22Vacation%20Shame%22%20Your%20Coworkers"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Reasons%20You%20Shouldnt%20Vacation%20Shame%20Your%20Coworkers.jpg" alt="7 Reasons You Shouldn't &quot;Vacation Shame&quot; Your Coworkers" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/7-reasons-you-shouldnt-vacation-shame-your-coworkers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-live-a-retired-life-before-retirement">How to Live a Retired Life Before Retirement</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-signs-your-work-life-balance-is-off">9 Signs Your Work-Life Balance Is Off</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/they-offered-you-a-promotion-and-no-pay-raise-now-what">They Offered You a Promotion and No Pay Raise. Now What?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-jobs-you-may-not-have-considered-but-should">9 Jobs You May Not Have Considered (But Should)</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-ugly-truth-of-workplace-success-popularity-still-matters">The Ugly Truth of Workplace Success: Popularity Still Matters</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income employment health benefits promotions shaming sick days time off vacation days vacation time working Wed, 05 Jul 2017 08:00:11 +0000 Paul Michael 1977385 at http://www.wisebread.com The Absolute Worst Ways to Ask for a Raise http://www.wisebread.com/the-absolute-worst-ways-to-ask-for-a-raise <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-absolute-worst-ways-to-ask-for-a-raise" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/skeptical_interviewer_looking_at_interviewee.jpg" alt="Skeptical interviewer looking at interviewee" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Asking for a raise is not easy. You don't want to come across as greedy, or antagonize your employer. But at the same time, you've done your research, know what you deserve, and believe you are an asset that should be compensated accordingly.</p> <p>Before you talk to your boss, make sure you avoid the following traps. They could sink any chance of a bump in pay. (See also: <a href="http://www.wisebread.com/5-times-you-should-demand-a-raise?rerf=seealso" target="_blank">5 Times You Should Demand a Raise</a>)</p> <h2>1. Saying you're having trouble making ends meet</h2> <p>There are a few truths that you must accept, and one of them is this &mdash; your personal money problems are your problems. You took the job, and you accepted the salary. Scraping by or falling behind on your bills is a reason to ask for a raise, but it's not the reason your employer ever needs to hear.</p> <p>You need to justify your raise for reasons that a boss can comfortably take to the payroll department, and the people he or she reports to. Saying &quot;Well, Jane's rent was just raised and she also owes on her taxes&quot; won't cut it. Instead, present your case in a well-researched and thought-out manner, explaining why you deserve a pay bump based on merit and hard work.</p> <h2>2. Criticizing any of your coworkers</h2> <p>There is a time and a place for pointing out problems with the team, and it is not when you want to get more money. If your boss is any good, he or she will already know the big problems with underperforming staff. Other issues can be brought up during your usual one-on-one sessions, or team meetings. If you use your coworkers' poor performance as a reason to get more money, you will come across as mercenary.</p> <p>Sure, you may have been picking up the slack for lazy coworkers, or correcting mistakes, but there is a way to mention this without throwing anyone under the bus. By all means, say that you have been taking on more responsibility, working longer hours, and saving the company money by catching errors. But do it without saying, &quot;John sucks at his job, he's always late, and I have to do everything!&quot;</p> <h2>3. Asking when the boss, and everyone else, is insanely busy</h2> <p>Timing is everything, and perhaps the worst time to bring this up is when everyone is scrambling to meet a deadline and deliver the goods. Whether it's behind the counter of a fast-food restaurant, or during a huge pitch for new business, asking for more money at this time will hurt you in several ways.</p> <p>First, it makes you look selfish; everyone is rushing around, and you want the boss to stop and focus on you. Second, it makes you look inconsiderate; now is not the time, can you not see how busy everyone is? Third, it makes you look like you're trying to take advantage of the situation. The boss is not going to appreciate you trying to hurriedly negotiate a raise during a crisis. So, back off, and bide your time. Things will calm down, and then you can strike.</p> <h2>4. Catching the boss off-guard</h2> <p>When you are initiating the subject of a raise and/or promotion, you are making a request that has consequences. Your boss has to examine the numbers, look at performance and salary averages, and consider the budget for the department. And the boss usually has to get the approval from other people in the company. This is all very official.</p> <p>So, casually having a one-on-one in the elevator, out of nowhere, is a huge mistake. Your boss will be taken by surprise, and may even feel threatened or trapped. They won't be able to give you an answer anyway. Schedule a time for a meeting, at least 30 minutes, and warn the boss in advance that you want to talk about your future at the company. You don't have to outright say &quot;I want to talk about a raise&quot; &mdash; if the boss is intuitive he or she will know just what this meeting is about.</p> <h2>5. Beating around the bush</h2> <p>A little friendly banter before you bring up the subject of your raise is OK. In fact, it's courteous and expected, and sets a friendly tone. However, if you meander off for 15 minutes on topics that are completely unrelated, you're only going to frustrate your boss. He or she has a pretty good idea of why you're in the room, and wants to start the conversation.</p> <p>Most likely, after five minutes of talk about the weather, the ballgame, the family, and plans for the weekend, you'll be asked to spit it out. But by that time, you've already shown yourself to be less than efficient, and that puts you in a position of weakness.</p> <h2>6. Storming in with ultimatums</h2> <p>&quot;If I don't get a raise, I'm quitting. Simple as that.&quot; How many times have people told you they are going to say that to the boss? How many times have you thought it yourself? Sure, it's human nature to want fair compensation, and we all hope to be so valued that people will do anything not to lose us. Sadly, life isn't like that.</p> <p>Ultimatums are not the answer, because one of three things will happen. First, you will get your raise, but you will be tarnished as difficult, selfish, and egotistic. Second, you will be told no, and realize you can't quit after all. Your bluff will have been called, and now they know you aren't going to quit if you don't get what you want. Third, you are told no, and have to quit to save face. Are you ready for that?</p> <p>One way to get around the ultimatum is to come to the boss with a higher paying job offer from another firm. Then, it's a business negotiation. You can say that you would much rather stay, but this offer gives you more money, and you may have to take it. In this case, most employers, if they value you, will match the offer. They see you as in demand, and that puts you in a positive light.</p> <h2>7. Getting way too emotional</h2> <p>Anger. Tears. Jealousy. Disbelief. The emotions can run high when you believe you are getting the short end of the stick. However, it's unprofessional to unload your emotional state onto your employer. You may feel you are not being recognized for all you've done for the company. Or you may be behind on your bills, with new expenses coming up in the future.</p> <p>It can be hard to mask these emotions when you are stressed. But it's important to get these under control before you ask for a raise. Get the emotions out first before coming to work. If you need to cry, do it. If you are angry, find a way to release the tension. You need to have a calm, clear head before you can talk money.</p> <h2>8. Acting entitled</h2> <p>Arms crossed. Eyebrows furrowed. Breathing hard through your nose. You're in the boss's office because enough is enough, and you should have had that raise months ago! From the moment you open your mouth, you are incredulous that you even had to call this meeting.</p> <p>Acting this way does you no favors. You'll come across as a spoiled brat, and unless you can back all of your claims up, you'll also look foolish. Don't go into the room feeling angry and cheated. Instead, calm down, and prepare. Write down all of the quantifiable reasons you deserve a raise, and give the boss the ammunition he or she needs to get that extra money for you. Be polite. Be yourself. And don't expect anything.</p> <h2>9. Making demands when the company is in trouble</h2> <p>There's an argument to be made that it's OK to ask for a raise if your company is facing some light financial difficulties (maybe they've laid a few people off), or if you know your specific department is still doing well. But that's about where you'll need to draw the line.</p> <p>If the business has fallen on <em>really</em> hard financial times, it's another story. Maybe executives have had to make significant cutbacks, or it's even possible that the company could be filing for bankruptcy. If you decide that this is the best time to ask for a raise, you are only showing upper management that you are utterly tone deaf. If you survived the cuts, you should probably be thankful you're still on the payroll at all.</p> <p>A company can encounter nonfinancial trouble, too &mdash; and you should also back away from any kind of salary negotiation until these stormy waters have calmed. A public relations scandal, for example, will have the company in a panic. No one will give your salary concerns a second thought when there are much bigger fish to fry. Or, maybe several key workers have left to form another company, or work for a rival. Again, the only thing management will be concerned about is keeping the ship afloat.</p> <p>You know when the company is not doing well. Do what you can to help, and do it with vigor. Then, when it's all worked out, you'll have more ammo for your salary discussion.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/the-absolute-worst-ways-to-ask-for-a-raise">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-important-signs-that-your-job-sucks">10 Important Signs That Your Job Sucks</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-this-job-worth-it">Is This Job Worth It?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-skills-that-helped-your-boss-get-ahead">6 Skills That Helped Your Boss Get Ahead</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-fired">How to Get Fired</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-high-paying-jobs-that-didnt-exist-10-years-ago">9 High-Paying Jobs That Didn&#039;t Exist 10 Years Ago</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building asking for raise boss employer job manager promotions salary strategies working Fri, 02 Jun 2017 09:00:10 +0000 Paul Michael 1957904 at http://www.wisebread.com 7 Biggest Ways Procrastination Hurts Your Finances http://www.wisebread.com/7-biggest-ways-procrastination-hurts-your-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-biggest-ways-procrastination-hurts-your-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-621987808.jpg" alt="Woman learning biggest ways procrastination hurts her finances" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Remember those days in college when you'd put off studying until the night before a big exam? You'd stay up all night, desperately trying to cram everything in at the last minute. If only you'd taken the time earlier, you'd have walked into your test rested, calm, and most importantly, prepared.</p> <p>Those bad habits can cost you a lot more in real life if you carry them into the way you handle money. Here are seven situations when procrastination really hurts your bottom line.</p> <h2>1. Investing: Your money has less time to grow</h2> <p>It's one of the basic rules of smart investing: Invest as early as you can and for as long as you can. Some of the most successful investors are those who had relatively modest incomes, but started investing young and stayed in the markets for decades. Compounding interest worked in their favor, and they enjoyed a sizable nest egg later in life. Even a delay of five to 10 years can make a significant difference in how much money you have by retirement. Quite simply, the more you procrastinate, the less money you'll have.</p> <h2>2. Saving: You continue to spend more than you earn</h2> <p>You're aware that you're spending more money than you're bringing in, but you tell yourself that you'll start cutting back after the holidays. The holidays come and go, so then you tell yourself you'll start saving after your big spring break trip. After spring break, you promise you'll start after your cousin's wedding in July. There's always some reason to put off saving, but the best time to start tightening your belt is right away. Devising an arbitrary future start date for financial prudence only means you're spending money you shouldn't in the interim.</p> <h2>3. Debt payoff: Your balances balloon</h2> <p>That credit card bill keeps getting bigger, and it comes on top of your student loans and car payments. You're getting crushed by debt, but it's so overwhelming you can't bring yourself to come up with a plan to tackle it. Every moment you wait to address your debt problem is a moment that allows that debt to grow. Devise a repayment strategy now, before your debt ruins you. (See also: <a href="http://www.wisebread.com/5-ways-to-pay-off-high-interest-credit-card-debt?ref=seealso" target="_blank">5 Ways to Pay Off High Interest Credit Card Debt</a>)</p> <h2>4. Taxes: You might make a costly mistake</h2> <p>Tax Day seems so far away, but before you know it, it's the middle of April and you haven't even gotten started. You may think your taxes are simple, but rushing through the process increases your chances of forgetting income, missing out on deductions, or making a silly error.</p> <p>No one says you have to file your taxes immediately at the beginning of the year, but at least give yourself a few weeks to file your return carefully. A rush job could mean you pay too much, or you may end up with penalties due to mistakes.</p> <h2>5. Bills: You miss payment deadlines</h2> <p>There are consequences to paying bills late, usually in the form of fees and interest charges. If you're the type of person who doesn't even open a bill until it's nearly due, you're putting yourself at risk of extra expenses.</p> <p>Late fees and interest aren't merely one-time charges. Miss your payments by enough days and it can hurt your credit score, impacting your ability to borrow. It's best to pay bills right away when you get them &mdash; or put them on autopay &mdash; so they don't threaten your finances further. (See also: <a href="http://www.wisebread.com/5-simple-ways-to-never-make-a-late-credit-card-payment?ref=seealso" target="_blank">5 Simple Ways to Never Make a Late Credit Card Payment</a>)</p> <h2>6. Job applications: You don't get that better-paying position</h2> <p>You found a job that you think you'll like, and it pays considerably more than your current one. But instead of applying right away, you wait. And wait. And wait. Before you know it, the position is filled. This is a total wasted opportunity.</p> <p>Yes, applying for a job, reworking your resume, writing cover letters, and going through interviews are all tedious and time-consuming. But when you're stuck sitting at your current gig, underpaid and unhappy, you'll really be kicking yourself for not putting in the work to get yourself unstuck.</p> <h2>7. Raises and promotions: You miss out for another year</h2> <p>It's hard to know the precise time to <a href="http://www.wisebread.com/5-times-you-should-demand-a-raise" target="_blank">ask for a promotion or a raise</a>. Often, we wait until annual review season, but by then, personnel decisions may already have been made. The best thing is to approach the subject sooner rather than later. Your boss may not be in a position to respond right away, but you've planted the seed so they know your wishes.</p> <p>Besides, simply asking for a raise or promotion may force your employer to look more closely at your work, and hopefully recognize what you bring to the table each day. If you wait too long to ask, you may have to wait for an entire budget cycle to get another shot.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/7-biggest-ways-procrastination-hurts-your-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion">8 Money Moves to Make the Moment You Get a Promotion</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-your-emotions-costing-you-money-take-this-quiz">Are Your Emotions Costing You Money? Take This Quiz</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-biggest-lies-we-tell-ourselves-about-money">The 10 Biggest Lies We Tell Ourselves About Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-signs-youre-making-all-the-right-money-moves">6 Signs You&#039;re Making All the Right Money Moves</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-financial-differences-between-millennials-and-the-next-generation">7 Financial Differences Between Millennials and the Next Generation</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance asking for raise bills debt investing jobs last minute procrastination promotions saving taxes Tue, 23 May 2017 08:00:09 +0000 Tim Lemke 1949205 at http://www.wisebread.com 15 Rookie Mistakes New Bosses Make http://www.wisebread.com/15-rookie-mistakes-new-bosses-make <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/15-rookie-mistakes-new-bosses-make" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-624568564.jpg" alt="Woman making rookie mistakes after becoming the boss" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Sooner or later in your career (and most likely later, for obvious reasons), you're going to become the boss. Whether it's through a promotion, or a new hire, you will suddenly be in the top spot. Now, the buck really does stop with you. And while it's fantastic to have those new powers and responsibilities, it can also be very difficult to adapt to the new role. Here are 15 rookie mistakes you should avoid when you become the big cheese.</p> <h2>1. Playing favorites with friends</h2> <p>You may be promoted into a leadership role, or hired from the outside, but one thing is certain; either you'll already have friends around you, or you'll make new friends quickly. In either case, be careful with these friendships. It's difficult, and sometimes almost impossible, to separate a great friendship from a working relationship.</p> <p>If a good friend does something at work that is bad for the company, you have to come down just as hard on that person as any other employee. If they don't deserve a promotion, don't give them one. And remember, friendships will be scrutinized. So if the colleague you play golf with every weekend genuinely deserves that raise or promotion, you better make sure you have everything documented.</p> <h2>2. Trying too hard to be liked</h2> <p>New bosses are sometimes like puppies: They run around the office, happy all the time, desperately trying to get a smile out of everyone. It's not going to work. In fact, it will most likely become annoying after a while, and if you keep going, downright disruptive.</p> <p>You do not have to be liked, or loved, by your staff. If you do the job well, and treat them as valuable employees, that will come naturally without buying breakfast every morning and telling jokes at the water cooler. Let your skills speak for themselves. You are not there to win a popularity contest.</p> <h2>3. Trying too hard to be feared or respected</h2> <p>On the other side of the coin is desperately trying to be feared or respected. Now, trying to be feared is just not a good idea. Sure, some people love the thought of being the most terrifying person at the board meeting, but does that make that person a good boss?</p> <p>Respect, on the other hand, is something every good boss should get from the staff. However, it cannot be taken. It has to be earned. Your deeds, decisions, and performance will dictate the kind of respect you get. No one is going to just give you great respect out of the gate (unless they are looking for a quick promotion).</p> <h2>4. Changing everything &mdash; even things that work</h2> <p>In sports, when a new manager joins the team, a lot of changes are made. Often, these are unnecessary changes, including axing players who are great simply because they are part of the old regime. The same can happen in a business environment.</p> <p>As a new boss, you have to look at what is working, and what isn't. There will be systems in place that have taken years to perfect. If they aren't working, fix them. If they are, concentrate on something else. The same goes for people. Know who the bad apples are &mdash; don't throw the good ones out as well.</p> <h2>5. Making impossible promises</h2> <p>Presidential candidates who get elected fall afoul of this one all the time. &quot;Elect me, and I'll do X, Y, and Z.&quot; Then they get the job and find out there's a lot more involved than they ever considered. The same goes when you become the new boss.</p> <p>Do not make promises that are impossible to keep. You may think you really can fix the unfixable, or from an outsider's perspective, the very easily fixable &mdash; but sometimes there are forces at play that you cannot beat. Get the lay of the land first. Ask around. Find out what the employees want fixed, and then dig into the systems that can make it happen. Then, and only then, can you make promises you have a good chance of keeping. Doing it blindly in your first week will not bode well. You'll be the boss who couldn't get things done.</p> <h2>6. Taking on way too much</h2> <p>Take on too much, too soon, and you could jeopardize the position you just landed. It's better to take on a few tasks and do them well than to say yes to everything and do a mediocre job. What's worse, the employees will think you don't trust them to do the jobs they have been doing for years if you start interfering in their work. So, analyze the tasks available to you, and delegate the jobs you don't need to be involved with. You'll have a lot less stress, and the staff will trust you more.</p> <h2>7. Focusing on short term benefits</h2> <p>In this case, benefits are not health, vision, and dental. Rather, these are immediate benefits to the company and staff. Perhaps you see a few easy fixes, and get them done. However, you may well be throwing duct tape on a much bigger problem. In the short term, yes, people are happy. But if you have simply kicked the can down the road, you will have to pick that up at some point. And by then, the problems will have only grown larger.</p> <p>Look at the bigger picture. Yes, it may be easy to fix the poor cafeteria choices, or unsightly wallpaper in the break room, but you may be using money that could help a bigger problem; one that will have a much greater impact when it's solved.</p> <h2>8. Refusing to ask for help</h2> <p>You are the boss. You are in charge. But you're not infallible. You don't know everything. And let's be honest, if this is your first week on the job, how could you?</p> <p>Many managers consider it a sign of weakness to ask for help, but that couldn't be further from the truth. Ask for help when you need it, providing it's something you shouldn't already know (you don't want to ask how to use a spreadsheet if you've just been taken on as head of accounting). If you don't know where a department is, ask for directions. If you don't know how a particular system or process works, call a meeting with the people who do. Then, bring your expertise to the table.</p> <h2>9. Firing and hiring the wrong people</h2> <p>It happens all too often, and it's a blight on corporate culture. A new manager is brought in, and immediately they begin firing people that rub them the wrong way, and hiring people they worked with at other firms. While it's fine to bring in people you know can do the job well, give people a chance to show you what they can do. It should take months to really figure out who is a good employee, and who is treading water. Some people may be excellent, but in the wrong department. Others may have been given inadequate training, or have been buried with enough work for three people. Scope things out before pulling out the pink slips.</p> <h2>10. Micromanaging every single operation</h2> <p>One of the biggest bottlenecks that a manager can create is to insert him or herself into every single transaction. A boss is not supposed to get into the weeds in that way. Rather, a boss sees things from a much greater height, and lets trusted employees get their hands dirty on smaller operations. If you insist on seeing every part of every process, and ask to be CC'd on every email, you will create tremendous animosity. And you'll slow everything to a crawl.</p> <h2>11. Being the center of attention</h2> <p>As far as you're concerned, you did it. You got the job. You got the big promotion. You are the star of your show, your family is proud, and your friends are buying drinks at the bar. Enjoy it, but leave that at the office door. You do not want to have meetings telling everyone all about you, your likes, dislikes, favorite TV shows, preferred color of socks, and all the industry awards you've won. Think of this as a date. You want to spend the first few weeks being insanely interested in your staff. They are your first priority. You want to be fascinated by their issues, and their hopes and dreams. This is not your show.</p> <h2>12. Fearing failure</h2> <p>Failure is essential in every business. You cannot learn how to do something right until you've done it wrong &mdash; usually, several times. But managers who are new to the company or the role fear failure. They believe that mistakes are weaknesses, and that can quickly lead to dismissal. Don't fall into that trap.</p> <p>You have to reach for the stars, and to do so, you must risk falling flat on your face in the dirt. However, you will succeed far more often than you fail, you'll gain the respect of your staff, and you will make great strides for the company.</p> <h2>13. Stalling on big decisions</h2> <p>Your staff knows the big problems that you're facing. They probably know them so well, they're just waiting for you to fix them. But don't lead them on. If you know that someone has to be fired because they are awful at their job, don't stall for months because it's hard to do. If you need to upgrade the equipment, but know it will cost a fortune, address it head on. Let people know you're working on it. By making excuses and stalling, you will lose the respect of your employees, and will become known as all talk, and no action.</p> <h2>14. Ignoring small issues that can make a big difference</h2> <p>You know what they say about a stitch in time. It is just as applicable in the workplace. When you find out about small problems or issues, deal with them. For instance, you may discover that there is animosity between two members of staff. If you ignore it, it grows into a much bigger problem. Perhaps one that can only be solved by letting one of them go. But, by addressing it early, and clearing the air, you can stop that small issue from becoming a big one. Whether it's a system or process, personnel, equipment, or anything else related to the day-to-day operations, don't ignore those small problems. Before you know it, they're enormous.</p> <h2>15. Not getting up to speed on personal issues</h2> <p>A new boss is not expected to know everything about every employee in the first week. But, a quick one-on-one with the team to find out any personal situations that are relevant to the job is essential. For instance, one employee appears to be off his game. He's not attentive in meetings. He's withdrawn from the rest of the office. It seems as if he's just not a good performer. But as it turns out, this is a great employee who just suffered a tragic loss in the family. This is an immediate paradigm shift. Now, this behavior is not only understandable, it's something you can help with. Make it a priority to know your staff, and their problems and concerns, within the first few weeks.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/15-rookie-mistakes-new-bosses-make">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-you-shouldnt-vacation-shame-your-coworkers">7 Reasons You Shouldn&#039;t &quot;Vacation Shame&quot; Your Coworkers</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion">8 Money Moves to Make the Moment You Get a Promotion</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-times-youre-better-off-without-a-promotion">12 Times You&#039;re Better Off Without a Promotion</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-should-you-do-when-you-are-asked-to-repay-an-overpayment-of-severance">What should you do when you are asked to repay an overpayment of severance?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-make-public-speaking-less-terrifying">How to Make Public Speaking Less Terrifying</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income employees hired management Mistakes new boss promotions rookies Mon, 27 Mar 2017 09:30:34 +0000 Paul Michael 1911601 at http://www.wisebread.com How to Make Public Speaking Less Terrifying http://www.wisebread.com/how-to-make-public-speaking-less-terrifying <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-make-public-speaking-less-terrifying" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-502920120.jpg" alt="Woman making public speaking less terrifying" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Your ability to <a href="http://www.wisebread.com/small-business/7-tips-to-beating-fear-and-becoming-a-stellar-public-speaker?ref=internal" target="_blank">speak in public</a> can be critical as you climb the corporate ladder. Struggling with anxieties about speaking in public can affect how your peers and other professionals view you, as well as limit your career opportunities down the line.</p> <p>Speaking with poise shows that you are confident, knowledgeable, and can handle pressure &mdash; all important qualities for a professional (especially a manager) to have. And handling questions after a speech, for example, shows how quickly you can think on your feet and how well you know the subject matter.</p> <p>If you cannot present confidently, or maybe you even skip speaking opportunities altogether, you miss your chance to showcase your skills. That gives others the chance to shine instead. Your fear of public speaking may be putting others in line for promotions ahead of you.</p> <p>Many careers consider presentation skills part of the basic job requirements. As you grow in your career, that becomes more common. Don't let this fear threaten to derail your professional life.</p> <h2>Improving your speaking abilities</h2> <p>For millions of people, public speaking is their number one fear. If you are one of them, there are ways you can conquer your fear. Below are four strategies you can use to help master speaking in front of others.</p> <h3>1. Books</h3> <p>If you struggle with anxiety and speaking in public, self-help books may offer some relief. Many people swear by Dale Carnegie's <a href="http://amzn.to/2mDZA1X" target="_blank">The Quick and Easy Way to Effective Speaking</a><a href="https://www.amazon.com/Quick-Easy-Way-Effective-Speaking/dp/0671724002/ref=zg_bs_541648_6?_encoding=UTF8&amp;psc=1&amp;refRID=M8T0JDBET226D3E7M6XD">.</a> This book has helpful strategies on how to become more confident as a presenter and techniques on overcoming nerves before a big presentation.</p> <h3>2. Study what works</h3> <p>If you don't know where to start, study what works well for others. Look for speakers who speak well; they can be people within your workplace or <a href="http://www.wisebread.com/the-presentation-secrets-of-steve-jobs?ref=internal" target="_blank">professional speakers</a> who perform in front of thousands. By studying what makes them engaging, such as their body language, volume, and presentation style, you can adapt their best practices into your own speeches.</p> <p>Watching popular <a href="http://www.ted.com/talks" target="_blank">TED talks</a> on subjects that interest you can provide fantastic inspiration, too. There are a wide range of topics and speaker styles, so you're sure to find something you can learn from.</p> <h3>3. Toastmasters</h3> <p>Toastmasters is one of the most well-known professional workshops out there. By joining a Toastmasters' club, you can practice public speaking in a relaxed, safe environment. You'll get tips and constructive criticism from polished professionals and experts, helping you hone your skills and get more comfortable at the front of the room.</p> <h3>4. Virtual reality</h3> <p>I tried a range of techniques to overcome my fear, including joining Toastmasters and reading dozens of books, but the most effective technique for me was virtual reality. While there are a number of apps and platforms available now, one of the biggest and most popular is Speech Center for VR.</p> <p>Speaking in front of a large group is difficult to prepare for; practicing in front of an empty room, while helpful in ensuring you know the material, doesn't ready you for presenting in front of dozens or &mdash; gulp &mdash; hundreds.</p> <p><a href="https://speechcentervr.com/" target="_blank">Speech Center for VR</a> is an app that uses virtual reality to make it seem like you're speaking in front of hundreds of people. There are different scenarios to choose from and virtual coaches that provide feedback, such as on your movement, eye contact, or voice level.</p> <p>While I felt ridiculous wearing the headset at first, I found it really helped me get more comfortable presenting to large groups. And it gave me good feedback on using the space available to me and modulating my speaking voice. Within a few sessions, I was still nervous, but I felt prepared and able to give a speech without getting sick.</p> <h2>Tips for making a great speech</h2> <p>When it comes to actually giving a speech, here are a few tips to help you through it.</p> <h3>1. Speak louder than you think is necessary</h3> <p>When people are nervous, they tend to speak quickly or softly. This can give you the appearance of timidity or unpreparedness. If you speak one level louder than you think is a normal presentation voice, you will naturally slow your speech and sound more authoritative and confident.</p> <h3>2. Breathe</h3> <p>If you tend to rush, force yourself to take a deep breath after each sentence. This will make your words sound more purposeful, while helping keep your nerves in check. And taking a moment to take a breath will also eliminate the need for filler sounds, such as &quot;um.&quot;</p> <h3>3. Hold a prop</h3> <p>For some, one of the most challenging aspects of speaking is what to do with their hands. Having a prop, even something as simple as holding a pen, can make you feel more relaxed and natural.</p> <h3>4. Know the material inside and out</h3> <p>One of the biggest public speaking fears is forgetting what you need to say. To combat that, practice the material until you know it by heart. That's not to say you should memorize the whole thing, but you should know the key stats and progression of talking points.</p> <h3>5. Find a friendly face</h3> <p>Making eye contact can be challenging when you're nervous or intimidated. Identify two or three friendly faces in the crowd to look at during key moments of the speech. That can give the illusion of making natural eye contact, while giving you encouragement to keep going.</p> <h3>6. Keep it simple</h3> <p>When writing a speech, it can be easy to use elaborate, wordy prose. But that can make it difficult to present naturally. Instead, use simple terms and short sentences to make it more engaging and understandable.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kat-tretina">Kat Tretina</a> of <a href="http://www.wisebread.com/how-to-make-public-speaking-less-terrifying">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-presentation-secrets-of-steve-jobs">The Presentation Secrets of Steve Jobs</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-succeed-at-work-despite-your-lousy-boss">How to Succeed at Work Despite Your Lousy Boss</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/think-like-a-startup-to-boost-your-finances">Think Like a Startup to Boost Your Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-deal-when-you-work-with-someone-you-hate">8 Ways to Deal When You Work With Someone You Hate</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-you-shouldnt-vacation-shame-your-coworkers">7 Reasons You Shouldn&#039;t &quot;Vacation Shame&quot; Your Coworkers</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Life Hacks advice fear phobia presentations promotions public speaking speeches strategies Wed, 22 Mar 2017 09:30:32 +0000 Kat Tretina 1909974 at http://www.wisebread.com You Got a Raise! Now What? http://www.wisebread.com/you-got-a-raise-now-what <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/you-got-a-raise-now-what" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-510329664.jpg" alt="Man got a raise, so now what?" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So, you got a raise! Now, it's time to start putting that money to work for you. While your first thought might be <em>shopping spree</em>, consider instead these other options that will build your wealth and secure your financial freedom.</p> <h2>Have Realistic Expectations</h2> <p>Your raise may sound like a lot, but once you receive your paycheck, you may be surprised to find how little your take-home pay actually changed. Don't make plans based on a quick mental calculation. Get the actual amount from your paycheck to know how the raise will actually impact you.</p> <h2>Make a Plan</h2> <p>Of course it's okay to reward yourself <em>a bit </em>for working hard and getting a raise. But don't just pocket the extra money and add it to your fun budget. Check your savings, credit card debt, and investments to see which areas can use a boost, and put your raise there. You can decide to put three months' worth to <a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt?ref=internal" target="_blank">pay down your debt</a>, and then take a one month break to splurge. Consider your financial goals and how every dollar makes a difference toward reaching them.</p> <h2>Increase Your Emergency Savings</h2> <p>In an ideal world, you should have a three to six month cushion in your <a href="http://www.wisebread.com/a-step-by-step-guide-to-creating-your-emergency-fund?ref=internal" target="_blank">emergency fund</a>. If you already have a sizable emergency fund, then you don't need to worry about saving more with your increased income. Otherwise, saving more now will mean less stress later when an unexpected event hits your wallet hard.</p> <h2>Pay Down Debt</h2> <p>Paying off debt should be a priority in your plan to gain financial freedom. It can also help improve your credit score, save on interest, and reduce stress. Consider putting your raise toward debt payments. Even a small amount that you can add to your monthly payments will significantly lower the interest paid and help you pay it off faster.</p> <h2>Increase Your Retirement Savings</h2> <p>Can you put some of that raise into your retirement accounts? Your retirement contribution might also automatically increase as it is usually based on a percentage of your gross pay. Have you at least set your 401K contributions to get the full amount of matching from your employer? If you have an another retirement account, like a Roth IRA, get your annual contribution out of the way.</p> <h2>Refinance Your Loans</h2> <p>With a higher income, you may be eligible for better rates on a personal loan, mortgage, and car loan. You can apply for better loans now or wait for your credit score to increase after you've made some positive changes (such as paying down debt and lowering your debt-to-credit ratio).</p> <h2>Start Investing</h2> <p>It's never too early to pad your wealth with smart investing. These days the startup capital required is minimal. You can start investing with a few hundred dollars. <a href="http://www.wisebread.com/a-guide-to-online-brokers-for-investing-newbies-and-beyond?ref=internal" target="_blank">Online brokerages</a> often have a low minimum with low fees. <a href="http://www.wisebread.com/should-you-trust-your-money-with-these-4-popular-financial-robo-advisers?ref=internal" target="_blank">Financial robo advisers</a> can take a lot of the work out of figuring out what to buy. (See also: <a href="http://www.wisebread.com/4-cheap-easy-ways-to-invest-your-first-1000?ref=seealso" target="_blank">Easy Ways to Invest Your First $1,000</a>)</p> <h2>Have Fun</h2> <p>It won't hurt to reward yourself a bit for a job well done. Have a celebratory dinner or buy an affordable gadget that you've been wanting. You can also start saving toward a vacation or other large purchase.</p> <h2>Prove Your Employer Right</h2> <p>Getting a raise means you've done a good job and deserve to be rewarded for it. Prove your employer right by continuing your positive behaviors, always putting your best foot forward, and looking forward to the next raise. You may also want to write a thank you card, especially if your manager or boss worked hard to get you the raise.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/you-got-a-raise-now-what">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-11"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/getting-by-without-a-job-part-1-losing-a-job">Getting by without a job, part 1--losing a job</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-improve-your-finances-using-social-media">How to Improve Your Finances Using Social Media</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/wanna-put-away-some-cash-take-a-vacation">Wanna Put Away Some Cash? Take A Vacation!</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-things-you-must-do-before-you-quit-your-job">5 Things You Must Do Before You Quit Your Job</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/turn-your-passion-into-a-living">Turn Your Passion Into A Living</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Career and Income budgeting debt repayment extra money income job paychecks promotions raise saving money work Wed, 01 Mar 2017 11:00:10 +0000 Andrea Cannon 1898693 at http://www.wisebread.com They Offered You a Promotion and No Pay Raise. Now What? http://www.wisebread.com/they-offered-you-a-promotion-and-no-pay-raise-now-what <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/they-offered-you-a-promotion-and-no-pay-raise-now-what" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-525955132.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>There are usually two ways to get a pay bump in your career; either you move to a new job that offers more money and a better title, or you get promoted at your current company with a raise. These days though, a promotion is not always accompanied by a bigger paycheck. When this happens, you may be wondering: Is it worth it?</p> <p>Let's look at the arguments for, and against, this new trend.</p> <h2>Yes! Take the Promotion Even Without a Raise</h2> <p>If there's a title change on the table, but no extra money to accompany it, there are still plenty of positives to consider.</p> <h3>1. You Will Gain More Experience</h3> <p>Hands down, one of the best reasons to take a promotion without a raise is to take advantage of the experience you'll get. Moving into a bigger role means more responsibility, more work, and more to learn. While it would be ideal to be compensated for this, remember that experience in and of itself is a kind of compensation. Think about it: Everyone who is paying many thousands of dollars to get an education, or learn a new skill, is paying for experience. You're getting this additional experience at no cost to you, and it can only help you grow and become a better employee.</p> <h3>2. It Looks Great on Your Resume</h3> <p>A <a href="http://www.wisebread.com/10-resume-mistakes-that-will-hurt-your-job-search?ref=internal" target="_blank">flat resume</a> is like a flat landscape; it's not very inviting. If you're looking to move jobs, you want to show your prospective employer that you have achieved things. You made waves, you made a difference, and you climbed the ladder. Promotions without pay raises do that just as effectively as those that come with extra cash. After all, how often do you put a specific salary next to each job or position you ever held? So, if you get promoted from Account Manager to Account Director, but there's no raise in pay, don't worry too much. It may not pay off now, but when you do move to a different job, you can jump right in at the higher level.</p> <h3>3. You May Get Additional Benefits Aside From the Pay</h3> <p>So you're not getting any extra money. But, what else does the promotion give you? Ask, and you may be surprised at the additional benefits that could come with the job. In some companies, that promotion can mean extra vacation days and personal days. In others, it may mean that you can work at home occasionally, or travel more. Some companies will give you extra discounts on products and services, or freebies. You may be able to get the cost of your cellphone bill reimbursed, or get a free company phone, which eliminates the need to pay for your own. Is there a company car? All these benefits, and more, add up to either saving money, or you not having to spend it, and that's a kind of pay raise.</p> <h3>4. With a Better Title Comes a Bigger Role in the Company</h3> <p>Even without the extra money, a promotion can be an excellent way to get more gravitas at work. Now, you have the title to push through ideas that might not have gone very far before. You may also have people reporting to you, which means you can delegate some of the less interesting work to them. It is rare &mdash; very rare &mdash; for a promotion to give you nothing more than a title change. Take the chance to grab those advantages. Or even better, suggest some. If the new title doesn't come with more money, can it come with something else? Get creative.</p> <h3>5. Turning a Promotion Down Can Look Bad</h3> <p>Finally in the &quot;for&quot; camp, it's the one point you cannot ignore. How is this going to look? It may be that the company is in financially unstable times, and cannot afford to give you more money right now. But, they really want you to take a bigger role, and more responsibility. They may well be counting on you. Saying &quot;Not without a raise&quot; can make you look mercenary, and while it is your right to do so, it could have implications further down the road. So, think hard before saying no. You may be saying no to a bigger promotion and actual raise down the road.</p> <h2>No! Don't Take That Promotion Without a Raise</h2> <p>More problems and no more money? Here's why you should consider declining the offer.</p> <h3>1. It's More Responsibility for the Same Money</h3> <p>Or, to put it another way, it's a pay cut. Look closely at the new title, and look at how the new job differs from your current role. Do you have to come in earlier and leave later? Are you on the road more? Are you now handling a much bigger workload, more stress, and the working lives of a lot of new people now reporting to you? Will this mean less time with your family or other relationships? Will you have to sacrifice hobbies and other personal interests? You may even have to relocate, and without more money, that could be impossible. Weigh up all these options carefully.</p> <h3>2. You Don't Want to Be a Pushover<strong> </strong></h3> <p>As an employee, you want to be respected. You do what you are required to do, and you do it well. But, you do not want to be a pushover, either. Taking a promotion without a pay raise might leave you feeling taken advantage of. Explore the reasons why this promotion comes without money. Does the company have a good excuse? It's certainly not the norm to get a promotion without extra pay, so what's the party line from HR?</p> <h3>3. Your Company May Be Hiding Something<strong> </strong></h3> <p>There's a scene in the movie <em>Fun With Dick and Jane</em> where Jim Carrey's character, who works for an Enron-like company, gets a big promotion only to find out he's the fall guy for his company's fall into the toilet. Sadly, this is not just something that happens in the movies. People sometimes get promoted into jobs that are dead ends, or into positions that make them immediately liable for something bad happening. You really need to do the research here. What exactly does this promotion entail? What is the state of the department? Talk to people who had that position before you. Get the scoop before you even consider saying yes, or no.</p> <h3>4. The Position May Require You to Actually Spend More Money</h3> <p>Not only will you be doing more work for the same money, but it's possible you'll have to dip into your pocket more as well. The promotion may require you to buy clothing and equipment that won't be reimbursed by the company. You may have to do a lot more driving, which means more gas and more wear and tear. You may have to organize and attend lunch meetings, which are once again not reimbursed. Ask what is required of you in the new role, and do the math.</p> <h2>What to Do?</h2> <p>As you can see, there are more reasons &quot;for&quot; taking this promotion than &quot;against&quot; it. But, that doesn't mean you should blindly take any promotion that comes without a raise. Take each situation on a case-by-case basis. Really look into it. Chances are, it's a good career move, even if it doesn't do anything for your bank account. But, there are risks, and they can be big ones. Good luck.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/they-offered-you-a-promotion-and-no-pay-raise-now-what">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-reasons-you-shouldnt-vacation-shame-your-coworkers">7 Reasons You Shouldn&#039;t &quot;Vacation Shame&quot; Your Coworkers</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-signs-youre-working-for-an-impossible-boss">7 Signs You&#039;re Working for an Impossible Boss</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion">8 Money Moves to Make the Moment You Get a Promotion</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-got-a-raise-now-what">You Got a Raise! Now What?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-deal-when-you-hate-your-new-job">How to Deal When You Hate Your New Job</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income employment job titles promotions pros and cons raises resumes work Mon, 27 Feb 2017 10:00:20 +0000 Paul Michael 1896816 at http://www.wisebread.com 6 Secrets to Mastering the Debt Snowball http://www.wisebread.com/6-secrets-to-mastering-the-debt-snowball <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-secrets-to-mastering-the-debt-snowball" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-109722901.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You probably already know it makes more financial sense to pay off debts with the highest interest rates first, a payment method known as the debt avalanche.</p> <p>But here's a surprise: A study published last year in the Journal of Consumer Research found that people were more likely to actually pay off their debts if they relied on the <a href="http://www.wisebread.com/a-comprehensive-guide-to-the-debt-snowball-method-0" target="_blank">debt snowball method</a>, instead. In this approach, you pay off your smallest debt first, followed by your next smallest, and so on &mdash; until you've paid off all of them. You take this approach without worrying about which debts have the highest interest rates.</p> <p>Why does this method seem to work better? Researchers say it's about that all-important feeling of accomplishment. You'll get a rush of good feelings when you pay off a credit card, even if the debt on that card isn't that high. Yes, you'll pay more in the long run by not targeting debt with the highest interest rates first. But if the snowball method works better, and if you've long struggled with your credit card and other debts, you might be better off taking this approach.</p> <p>So, if you're ready to give the debt snowball method a chance, here are some tricks to boost your chances of success.</p> <h2>1. Draft a Household Budget</h2> <p><a href="http://www.wisebread.com/build-your-first-budget-in-5-easy-steps" target="_blank">Creating a budget</a> doesn't sound like fun, but it's critical if you're ready to get serious about paying down your debt. Your household budget should include the money that flows into your home each month and the money you spend, including estimates for such discretionary expenses as eating out and entertainment.</p> <p>Once you have a budget, you'll better know how much money you can allocate to paying down that smallest debt each month. Without a budget? You might be paying too much, putting yourself at financial risk. Or you might pay too little, dragging out the process of paying down your debts.</p> <h2>2. Don't Use the Card You're Trying to Pay Off</h2> <p>It might sound obvious, but don't add to the debt you're trying to pay off first. Don't use your credit cards to pay for anything. Follow your budget and pay cash or check for your allocated expenses. If you have a balance already on the card from the previous month, using it will immediately start interest charges on that amount. Nothing stalls your <a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt?ref=internal" target="_blank">debt elimination process</a> more than adding additional interest.</p> <h2>3. In Fact, Don't Purchase Anything You Can't Afford to Pay Off</h2> <p>You're going to have to get used to a different sort of lifestyle, and that means no longer buying things you can't pay off at the end of the month.</p> <h2>4. Automate It</h2> <p>When you're concentrating on paying off one debt quickly, it can be easy to overlook some of your other bills. You can avoid this, though, by turning to automated bill payment. If you find yourself overlooking your cellphone bill, create an automatic payment from your bank account to cover that bill each month. You can do the same thing with car payments, student loan payments, or utility bills. Do this, and you'll dramatically reduce the odds of paying one bill late while you're whittling down another.</p> <h2>5. Don't Waste Bonuses or Promotions</h2> <p>Are you in line for a bonus at work? Don't blow that money on a new laptop. Instead, funnel it toward the debt you are trying to pay off. There's no better feeling than lopping off a huge chunk of debt.</p> <p>Or, maybe you've earned a promotion and a nice pay raise. Don't think that this gives you more spending money each month. No &mdash; until you pay off your debts, spending extra on fun shouldn't be a consideration. Instead, take the extra money you earn each month and use it to pay down your debt even faster. And then when you eliminate a student loan, credit card bill, or car loan, keep using that extra money to help pay down your next largest debt.</p> <h2>6. Consider a Balance Transfer Carefully</h2> <p>This strategy is only for those who are diligent and committed to paying off a certain amount of debt within a specific period of time. Credit cards offer new cardholders various balance transfer offers. Some have <a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards?ref=internal" target="_blank">longer promotional periods (18-21 months)</a>, while others will <a href="http://www.wisebread.com/5-best-credit-cards-with-no-balance-transfer-fees?ref=internal" target="_blank">waive the balance transfer fee</a> (usually 3%-5%). Using a <a href="http://www.wisebread.com/when-to-do-a-balance-transfer-to-pay-off-credit-card-debt?ref=internal" target="_blank">balance transfer to pay down credit card debt</a> can save you a lot of money in interest. However, if instead you misuse this opportunity, by not paying off the debt during the 0% promotional period, and continuing to rack up debt on the cards you transferred balances from, you will find yourself in a crisis dealing with more accumulated debt than you started with, and at an even higher APR. (See also: <a href="http://www.wisebread.com/7-important-things-you-should-know-about-balance-transfer-cards?ref=seealso" target="_blank">7 Important Things You Should Know About Balance Transfers</a>)</p> <p>Paying down debt is never easy. But if you remain committed, and you need a series of smaller, but quicker, victories, the debt snowball method can work. Just make sure to remain focused on that goal of eliminating each debt one at a time.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F6-secrets-to-mastering-the-debt-snowball&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F6%2520Secrets%2520to%2520Mastering%2520the%2520Debt%2520Snowball.jpg&amp;description=6%20Secrets%20to%20Mastering%20the%20Debt%20Snowball"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/6%20Secrets%20to%20Mastering%20the%20Debt%20Snowball.jpg" alt="6 Secrets to Mastering the Debt Snowball" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/6-secrets-to-mastering-the-debt-snowball">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-day-debt-reduction-plan-pay-it-off">5-Day Debt Reduction Plan: Pay It Off</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-back-on-track-when-youre-behind-on-your-bills">How to Get Back on Track When You&#039;re Behind on Your Bills</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-common-debt-reduction-roadblocks-and-how-to-beat-them">6 Common Debt Reduction Roadblocks — And How to Beat Them</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-debt-management-questions-youre-too-embarrassed-to-ask">5 Debt Management Questions You&#039;re Too Embarrassed to Ask</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-simple-way-to-decide-which-credit-card-to-pay-off-first">The Simple Way to Decide Which Credit Card to Pay Off First</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management automatic payments bills bonuses budgeting promotions repayment plans snowball method strategies Tue, 31 Jan 2017 10:00:08 +0000 Dan Rafter 1877971 at http://www.wisebread.com How to Improve Your Finances Using Social Media http://www.wisebread.com/how-to-improve-your-finances-using-social-media <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-improve-your-finances-using-social-media" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_phone_text_94856801.jpg" alt="Woman learning how to improve finances using social media " title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Social media is about more than just looking at friends' baby photos, posting what you ate for dinner last night, and watching the most recent viral videos. It can actually help you improve your finances, land a new job, and reach your savings goals more efficiently. That's why we've found some of the best ways to improve your finances by getting the most out of social media. (See also: <a href="http://www.wisebread.com/6-ways-social-media-can-save-you-money?ref=seealso">6 Ways Social Media Can Save You Money</a>)</p> <h2>&quot;Friend&quot; Your Credit Cards and Bank</h2> <p>Add your credit card issuers and bank to your social media accounts by &quot;friending&quot; or following them. Large institutions usually offer deals to followers, so you can enjoy a lower APR, higher savings interest rate, or other money-saving promos. In fact, according to U.S. News, social media is often the first outlet that banks choose to <a href="http://money.usnews.com/money/personal-finance/articles/2015/06/03/why-the-financial-services-industry-started-tweeting">share news about upcoming deals</a>.</p> <p>Social media is also possibly the best way to get in touch with customer service quickly, as it will allow you to get their attention more easily. Just make sure to keep your account information, address, and any other private information off the message boards and social media pages.</p> <h2>Enjoy Travel and Shopping Deals</h2> <p>There are endless travel and shopping deals available through social media. Retailers often choose social media as the first outlet to announce upcoming sales, so their friends and followers are able to take advantage of the biggest discounts first. Followers are frequently offered early deals, as well.</p> <p>You can find Twitter-specific deals that can save you on everything from rental cars and vacations to eating out and even buying gifts. Before going out to make any purchases, check Facebook, Twitter, Instagram, and Pinterest to make sure there aren't any deals that you're missing. You can even check social media hashtags, such as #deal, to find the best deals in your area.</p> <h2>Share Goals</h2> <p>Many financial experts recommend sharing your financial goals online. By setting your goals early and sharing them with the people you love, it can help you articulate what you really want and hold you accountable to achieve your goals. In fact, research has shown that making <a href="http://www.fastcompany.com/3047432/work-smart/why-sharing-your-progress-makes-you-more-likely-to-accomplish-your-goals">public statements about goals</a> can help you achieve them more efficiently. However, you never want to reveal anything too personal, such as private information that fraudsters can use against you.</p> <h2>Get Money-Saving Tips</h2> <p>By following your favorite finance site on social media, you can find endless free money-saving tips and updates. You can also find forums and group discussions with unique money-saving ideas and encouragement from others. You can even find good financial and investment advice online.</p> <p>Seeing these tips on a daily basis on your social media pages can also be a good reminder each and every day to protect your hard-earned income. After all, we all need a reminder once in a while that we don't really need that new top or expensive latte in the morning.</p> <h2>Find a New Job</h2> <p>LinkedIn can be an invaluable tool when you're searching for a new job. You can apply for jobs directly through LinkedIn, perfect your resume, and even reach out to potential employers and former colleagues. Contacting them through Facebook or Twitter won't be as effective or as professional as contacting them through LinkedIn.</p> <p>With LinkedIn, once you have created a professional profile, employers and recruiters can even reach out to you with potential job offers. You can also join LinkedIn groups within your field so you are the first to know about potential opportunities. You can even add examples of your work, recommendations from current or previous coworkers, and any honors you've received to better build your online portfolio.</p> <h2>Make Connections</h2> <p>Networking through social media can result in better face-to-face communication, potential job offers, and endless contacts in your field. Simply following someone or sharing their social media posts can be a great first step in networking and making connections.</p> <h2>Build Your Brand</h2> <p>Whether you're promoting your personal business or services, or just want to build your reputation as the best in your field, posting on social media can be a great start. Just make sure to stay consistent so that you can reach as many followers as possible.</p> <h2>Research More Efficiently</h2> <p>Gone are the days of asking for financial suggestions from friends and coworkers. Whether you're looking for a new financial planner or would like information on which investments to make, you can find more information quickly through social media. With a simple social media search, you can find detailed research on the investment product or financial adviser you're interested in.</p> <p>You can also find suggestions for dentists and other service providers in your area through social media. This will ensure you get what you're looking for and don't waste money.</p> <h2>Sell Your Items</h2> <p>If you create and sell items privately, such as through Etsy, social media can be a great free platform for you to advertise your products or services. This can help you bring in more revenue, reach new customers, and show off your work to a limitless audience.</p> <h2>Make Some Extra Income</h2> <p>There are even ways to make some extra income using social media. If you have a large following, you can publish sponsored tweets or sign up for affiliate accounts, where you will receive your own unique link to earn some extra income when followers make purchases using that link. (See also: <a href="http://www.wisebread.com/6-ways-to-make-extra-money-using-social-media?ref=seealso">6 Ways to Make Extra Money Using Social Media</a>)</p> <p><em>Have you followed Wise Bread on social media yet? What are your best tips for improving your finances through social media? </em><em>Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/how-to-improve-your-finances-using-social-media">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-got-a-raise-now-what">You Got a Raise! Now What?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-a-spending-ban-can-help-and-hurt-you">Here&#039;s How a Spending Ban Can Help (and Hurt) You</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-only-money-advice-youll-actually-listen-to">The Only Money Advice You&#039;ll Actually Listen To</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-fast-ways-to-restock-an-emergency-fund-after-an-emergency">6 Fast Ways to Restock an Emergency Fund After an Emergency</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-financial-basics-every-new-grad-should-know">The Financial Basics Every New Grad Should Know</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Technology advice blogs deals extra money Internet job hunting promotions saving money selling shopping social media travel Mon, 25 Jul 2016 09:00:11 +0000 Andrea Cannon 1753337 at http://www.wisebread.com 8 Money Moves to Make the Moment You Get a Promotion http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-money-moves-to-make-the-moment-you-get-a-promotion" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_excited_hands_74632665.jpg" alt="Man making money moves after getting a promotion" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So your company finally recognized your hard work and gave you that promotion you've been wishing for. And it comes with a nice bump in pay!</p> <p>What should you do now? Do you immediately go and buy a new car? Celebrate with a trip to Saint Tropez?</p> <p>No. If you'll notice, exactly none of the suggestions below involves buying any material items. Celebrate your promotion if you want, but your new money is best off being used to secure your long-term financial future. Consider addressing these eight things if and when you are fortunate enough to get a promotion.</p> <h2>1. Build That Emergency Fund</h2> <p>Are you prepared if something big happens in your life? Do you have at least three months of expenses available in liquid savings? The new income from your promotion can be partially set aside to prepare for the inevitable disaster, whether it be a health emergency, car accident, or flooded basement. Once you get that emergency fund in place, you'll be able to invest and save for larger goals with a clear mind.</p> <h2>2. Get More Organized</h2> <p>If you're not making a lot of money, it's often hard to do anything more than deposit your checks and pay your bills. But with a bump in income, it may now be possible to be more strategic about your financial situation. Rather than having just a single bank account, open distinct accounts for specific savings goals. Begin using an account aggregation platform, such as Mint.com, to see a single view of your finances and track your spending. You may also benefit from meeting with a financial adviser to come up with a plan for short-term and long-term savings goals.</p> <h2>3. Evaluate If Your Expenses Will Increase</h2> <p>Getting a promotion usually involves more money, but it may also mean more expenses for you. Maybe now you will have to work longer hours, necessitating more child care expenses. Perhaps you will no longer be able to work from home, and will incur commuting costs. You may even have to spend more on professional clothing if you've moved into a high-profile position.</p> <p>Make sure to take these new expenses into account when determining how much your net income will increase from the promotion.</p> <h2>4. Bump Up Your Retirement Contributions</h2> <p>If you get a raise, you should strongly consider taking all or most of your increase and boosting your regular retirement contributions. (Or begin making contributions, if you haven't started.) If you have a 401K but aren't contributing enough to get the full company match, see if you can get to that level. If you've been saving more but are just shy of maxing out your annual 401K contributions ($18,000 for most people), try and see if you can reach that threshold. The same goes for making the maximum annual contribution of $5,500 into your individual retirement account (IRA.)</p> <p>Even if you can increase contributions by a mere 1% or 2%, that's additional money that can grow substantially over time.</p> <h2>5. Check Your Tax Situation</h2> <p>There's a dark side to earning more money: You may end up giving more to Uncle Sam. In some cases, a raise may even put you in a higher tax bracket, thus wiping out any salary gains. So before you go making any major lifestyle changes, check to see what your actual take-home pay will be. You may be able to avoid a big hit from Uncle Sam by boosting contributions to your 401K, contributing to a health savings account, or making other adjustments that reduce the amount of your income that is taxed.</p> <h2>6. Target Your High-Interest Debt</h2> <p>If debt is weighing you down, now's time to start tackling it in earnest. Use your extra income to go after the debt with the highest interest rate &mdash; usually, this is a credit card. Once you have that debt paid off, keep it up. You'll be amazed at the financial freedom you'll obtain through the extra income and the reduction in debt payments. It's almost like getting two salary increases! (See also: <a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt?ref=seealso">The Fastest Way to Pay Off Credit Card Debt</a>)</p> <h2>7. Ask for a Credit Limit Increase</h2> <p>This may seem counterintuitive, since we just suggested you get your credit cards paid off. But with new income, you can ask for a higher credit limit which will then improve your &quot;debt to credit&quot; ratio. That ratio compares the amount of debt you have to the amount of debt you can incur. Generally speaking, a low ratio of debt to credit is what will help your credit score, as long as you don't increase the actual amount you are spending.</p> <h2>8. Consider Refinancing Your Mortgage</h2> <p>You may have been wanting to lock in a lower interest rate on your home for some time, but found the upfront costs to doing so a hurdle. Now that you have some extra income, you might find it easier to pull the trigger on refinancing the loan, thus saving money in the long run. Interest rates are still historically very low, and your higher income may even help you get a higher credit score, making you even more attractive to lenders.</p> <p><em>Get a promotion recently? What did you do with your extra take home?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-financial-differences-between-millennials-and-the-next-generation">7 Financial Differences Between Millennials and the Next Generation</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-reasons-to-cut-millennials-some-slack-about-their-money">10 Reasons to Cut Millennials Some Slack About Their Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-lessons-i-learned-selling-office-supplies">8 Money Lessons I Learned Selling Office Supplies</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-biggest-ways-procrastination-hurts-your-finances">7 Biggest Ways Procrastination Hurts Your Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-best-free-financial-learning-tools">9 Best Free Financial Learning Tools</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Career and Income emergency fund investing mortgage promotions raises retirement saving Mon, 11 Jul 2016 10:30:07 +0000 Tim Lemke 1747766 at http://www.wisebread.com 6 Ways to Score Free Food at Chick-fil-A http://www.wisebread.com/6-ways-to-score-free-food-at-chick-fil-a <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-score-free-food-at-chick-fil-a" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/chick_fil_a_20495862.jpg" alt="Learning ways to score free food at Chick-fil-A" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Before they put a Chick-fil-A in my neighborhood, my taste buds and waistline didn't know what they were missing. Now that I have a Chick-fil-A nearby, it is hard to resist the delicious food, but even more so the amazing customer service.</p> <p>As much as I love Chick-fil-A, I do not love that it costs almost $30 to feed my family of four. So I have rounded up the best tips to get discounted and free food at Chick-fil-A. No need to send me a thank-you note &mdash; a Chick-fil-A gift card will do just fine.</p> <h2>1. Use the Calendar Card Once a Month</h2> <p>At the end of each year, Chick-fil-A sells calendars for the upcoming year. These calendars have promo cards attached to them. Each month, they offer one free food item. These cards come with six mystery offers (usually for a full-price salad or sandwich) and six disclosed offers, which are usually for a large drink or fry.</p> <p>I did not find out about these counter cards until last month. However, I was still able to hop onto eBay and purchase two calendars and cards for $15.99. Despite only having them for two months and missing January through April's offers, I've already redeemed $20 worth of food and drinks.</p> <p>You are only able to have one card per customer, and to use one card per order. But, you are able to get a card for every member of your family! (See also: <a href="http://www.wisebread.com/14-secret-fast-food-menus-revealed?ref=seealso">14 Secret Fast Food Menus Revealed</a>)</p> <h2>2. Download and Use the New Chick-fil-A One App</h2> <p>Chick-fil-A just released their new app, <a href="https://one.chick-fil-a.com/">One</a>, which allows you to earn points through your mobile phone. Also, if you download and sign up for the app before June 11, 2016, you will get a free sandwich. Not only will you be rewarded right away, but the app is very similar to Starbucks' rewards program. Scan your app every time you order Chick-fil-A, and you will earn credit toward free food. Also like the Starbucks' app, you can order ahead and pay with the Chick-fil-A app.</p> <h2>3. Dress Up for Cow Appreciation Day</h2> <p>This is one of the most well-known ways to get a free Chick-fil-A meal. Chick-fil-A holds a cow appreciation day each year in July. Individuals that dress partially like a cow will get a free entree. Those who don a full cow outfit will get a free meal. It is speculated that cow appreciation day 2016 will happen on July 8th.</p> <h2>4. Check Your Local Chick-fil-A Social Media</h2> <p>Check in with your local Chick-fil-A to know what special offers are going on. For example, many locations gave away free food to active and retired military during Memorial Day. Currently, my Chick-fil-A is giving away a free breakfast item every Wednesday morning in June, whereas the<a href="https://www.facebook.com/CFAWilloughby/"> Willoughby, Ohio Chick-fil-A</a> gave out free breakfast every Friday morning in May. Be sure to follow your local Chick-fil-A's social media accounts to be in the know, rather than the general Chick-fil-A accounts.</p> <h2>5. Buy a School Fundraiser Card</h2> <p>Chick-fil-A is also a big contributor to local schools and charities. Many times, they will contribute a free drink or another small freebie to fundraiser cards. For my area, Chick-fil-A offers a free frosted coffee with any purchase with the use of the school fundraiser card. I did pay $10 for this card, which also has many other local deals on it, but even if I just used it at Chick-fil-A, the card would have paid for itself in three trips.</p> <h2>6. Ask About Senior Discounts</h2> <p>Chick-fil-A's are individually owned and operated, but many locations have a senior discount for individuals 55 and older. Typical offers are a free drink or coffee, or a 10% discount. Check with your local restaurant to confirm.</p> <p>Not only is Chick-fil-A generous with their free food offers, they are one of the top restaurants that contributes to local communities. Take a closer look at Chick-fil-A, and you will see that they contribute quite a bit of money to local schools, charities, scholarships, and more. So while I will enjoy my free Chick-fil-A food, I will also gladly give them my &quot;dining out&quot; budget over another restaurant.</p> <p><em>What is your favorite thing to order from Chick-fil-A?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/6-ways-to-score-free-food-at-chick-fil-a">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-you-actually-get-when-you-win-free-food-for-life">What You Actually Get When You Win Free Food for Life</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-get-free-or-almost-free-airline-tickets">10 Ways to Get Free (or Almost Free) Airline Tickets</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/40-restaurants-that-offer-senior-discounts">40 Restaurants That Offer Senior Discounts</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cooking-great-meals-with-your-car-engine-the-heat-is-on">Cooking great meals with your car engine. The heat is on.</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-best-couponing-apps">The 10 Best Couponing Apps</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Food and Drink apps Chick-fil-a discounts Fast Food free food freebies promotions Tue, 21 Jun 2016 09:00:09 +0000 Ashley Eneriz 1733680 at http://www.wisebread.com 3 Ways Confidence Makes You Better With Money http://www.wisebread.com/3-ways-confidence-makes-you-better-with-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-ways-confidence-makes-you-better-with-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/rich_man_with_money_000067124067_0.jpg" alt="Man learning how confidence boosts his finances" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to managing your money, there's a piece of the puzzle that some don't consider: If you're determined to improve your personal finances, you can start by <a href="http://www.wisebread.com/10-ways-even-shy-people-can-fake-confidence-and-get-ahead">boosting your level of confidence</a>. You might be thinking one has nothing to do with the other, but low confidence can stand in the way of financial success.</p> <p>Here's how boosting your confidence can also boost your pocketbook.</p> <h2>1. You're Not Afraid to Ask for What You Want</h2> <p>About 10 years ago, I had a friend who had recently graduated college and found his first &quot;real job.&quot; He became frustrated with the pay after only six months and felt he deserved more because he finished college with a high GPA and had prior experience through internships. He told me that he was going to walk into his employer's office on Monday morning and ask for a $15,000 a year raise &mdash; &quot;negotiable, of course&quot; (which got the side-eye from me) &mdash; but wouldn't take anything less than $10,000.</p> <p>We looked at him like he was crazy. He was only 24 years old and fresh out of college. We told the dummy to slow his roll &mdash; because that's what friends do. Let me rephrase that &mdash; that's what negative, house-poor friends do.</p> <p>He didn't listen to us, and that's a good thing, because he got exactly what he wanted &mdash; a higher salary and a better position. I don't remember what he said to his boss, but I learned a valuable lesson that day: Don't be afraid to go after what you want, and don't listen to naysayers. If he had listened to us, who knows how long it would've taken him to move up in the company.</p> <p>The point: Lack of confidence can cause you to doubt your abilities. And when there's doubt, you might miss opportunities that can result in a higher salary. A confident person, on the other hand, believes in himself. He's not afraid to ask for what he wants and deserves. From a financial standpoint, confidence gives you the strength to negotiate your salary and get paid your worth.</p> <p>Just imagine what you could do with an increase in income. You could stop living paycheck-to-paycheck, open a retirement account, or finally put a dent in your credit card debt. And you'd also pick up the tab for your idiot, low-paid friends the next time you go out. That goes without saying, of course.</p> <h2>2. You'll Appear More Competent to Employers</h2> <p>Even if you don't ask your employer for more money, she might notice your confidence and feel you're the right fit for a challenging position when she's ready to offer promotions.</p> <p>Employers don't only look for people who have a particular skill set or level of experience. They also assess an employee's boldness, poise, and assertiveness. Being confident can get you to the top faster than someone who's unsure or second-guesses himself. This is especially true for women, who tend to demonstrate less confidence in the workplace, suggest Katty Kay and Claire Shipman, authors of <a href="http://www.amazon.com/gp/product/006223062X/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=006223062X&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=DHDAQQDLAV2FV7TQ">The Confidence Code</a>.</p> <p>If your employer thinks you lack confidence, he might unfairly conclude that you're not ready for certain responsibilities. And when you're constantly passed over for promotions, you might stay stuck at the same pay grade living paycheck-to-paycheck for much longer than you'd like.</p> <h2>3. You Don't Have Anything to Prove</h2> <p>It's sad, but some people will risk serious debt just to prove they can maintain the same lifestyle as their friends. I understand not wanting to be left behind when your friends eat at nice restaurants or take exotic vacations together. But under no circumstances should you get into major debt or end up flat broke from supporting a lifestyle you can't afford.</p> <p>It all goes back to confidence. A confident person isn't going to sacrifice their financial wellbeing so they can rub elbows or kick it with the Joneses. They don't get in over their heads financing expensive cars or houses, and they certainly don't rack up credit card debt to give the appearance that they're doing better than they actually are.</p> <p>Confident people know that financial success isn't about material possessions, but rather how well they manage their money. Someone can earn a lot and be broke, whereas someone who earns far less can have a bigger bank account. When you're a confident person and have absolutely nothing to prove, you're more apt to keep your personal expenses low and enjoy more disposable income. Thus it becomes easier to save a three to six-month cash cushion, and you're able to reach other financial goals, such as paying off credit card debt, saving for a kid's education, or making home improvements that can boost your property value.</p> <p>Life is better &mdash; and cheaper &mdash; when you're not trying to be someone you're not.</p> <p><em>Are there other ways you think confidence can improve your finances? Let us know in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/3-ways-confidence-makes-you-better-with-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/tips-for-finding-legitimate-work-at-home-opportunities">Tips for Finding Legitimate Work at Home Opportunities</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-celebrities-with-shockingly-low-net-worths">6 Celebrities With Shockingly Low Net Worths</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/having-a-baby-nine-financial-considerations-for-new-parents">Having a baby? Nine financial considerations for new parents</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-dumb-places-you-re-leaving-your-money">6 Dumb Places You’re Leaving Your Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-ugly-truth-of-workplace-success-popularity-still-matters">The Ugly Truth of Workplace Success: Popularity Still Matters</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Career Building accumulating wealth confidence money promotions self esteem Fri, 11 Sep 2015 13:00:19 +0000 Mikey Rox 1553987 at http://www.wisebread.com 5 Ways Millennials Can Become Bosses Sooner http://www.wisebread.com/5-ways-millennials-can-become-bosses-sooner <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-ways-millennials-can-become-bosses-sooner" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/millennial_woman_at_work_000020810378.jpg" alt="Millennial woman learning how to become a boss sooner" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Our generation receives a lot of flack for being spoiled and entitled, but there's no denying that we're ambitious. We want to be in control of our lives and careers, and for some, this means becoming the person who calls the shots. The best way to do that is through entrepreneurship (I had to slip that in there), but if you're hellbent on taking the corporate path, here are five ways you can claim your rightful position at the top faster than all those naysayers think you can.</p> <h2>1. Volunteer for Leadership Roles</h2> <p>To move up faster and become a boss sooner, you have to show your employer from the very beginning that you're capable of a leadership role. This isn't the time to second-guess yourself or hide in the background.</p> <p>Jonathan Coughtrey, content manager of the personal finance blog <a href="http://www.actioneconomics.com/">Action Economics!</a>, advises volunteering for leadership roles whenever there's an opportunity.</p> <p>&quot;I became a supervisor over a crew of six people in my company when I was 23,&quot; he says. &quot;This year &mdash; at age 28 &mdash; I was promoted to management and I am responsible for the day-to-day implementation of all the work on our project, which encompasses 75 people per shift.&quot;</p> <p>If you're young and fresh out of college, your boss may underestimate your ability and unfairly question whether you can effectively lead or manage a team. Volunteering for leadership-type assignments, however, showcases your abilities, giving your employer the opportunity to see you in action. You might have knowledge and traits that some senior employees lack, putting you in line for promotions sooner.</p> <p>&quot;I had to learn more about our procedures than the other crew members, and this knowledge helped me become a subject matter expert and go-to person,&quot; Coughtrey continues. &quot;Upper management noticed this and when opportunities opened up, my name was on the top of the list.&quot;</p> <h2>2. Develop the Qualities of a Boss</h2> <p>It takes more than education and stellar performance reviews to become a boss early in your career; you also need to act like a boss. Employers look at the big picture when deciding whether to promote an employee to a management or supervisory role. Do you think you have what it takes to lead people and contribute to the company's success?</p> <p>Some Millennials make the mistake of only setting their eyes on <a href="http://www.wisebread.com/7-things-successful-millennials-do">becoming a boss</a>, and they fail to consider what it actually takes to get to this point.</p> <p>&quot;Focus on what traits and accomplishments are needed to get to where you want to be,&quot; says Brock Murray, co-owner and director of web marketing with seoplus+, a digital marketing agency. &quot;A good boss leads by example, communicates well, shows passion, discipline, organization, creativity, and goes above and beyond the status quo.&quot;</p> <p>Learn how to embody these traits and you'll not only win the boss title, you'll also win respect and become an effective leader.</p> <h2>3. Learn How to Build Face-to-Face Relationships</h2> <p>As a tech-savvy generation, you're a pro at e-mail, text messaging, and social media, to the point where you might not remember the last time you picked up the phone and had an actual conversation. (I'm with you, brothers and sisters; I rarely use the phone for voice activities myself.) However, while knowledge of technology and the digital world is highly beneficial in today's corporate world, being a boss requires familiarity with all types of communication. People of older generations often prefer face-to-face communication, so you have to be adaptable.</p> <p>Tim Elmore, founder and leader of Growing Leaders, a leadership prep program for students, explains the danger of relying too heavily on technology.</p> <p>&quot;Leaders of younger generations are from the most social generation in history,&quot; he says. &quot;They are in constant contact with peers and family through iMessages and social media. But, they are also highly isolated because so much of their relational contact is through technology. This has led to poor people skills, low emotional intelligence, and the inability to handle interpersonal challenges.&quot;</p> <p>This doesn't imply ditching social media or text messaging, but at the same time, don't be afraid to take advantage of opportunities to meet face-to-face or network, which can improve your communication and people skills, and help you become a well-rounded boss.</p> <h2>4. Ask for What You Want</h2> <p>Because of your age, your employer might think becoming a boss is the farthest thing from your mind. So even if he knows you're capable of this role, he might hold off offering you a promotion. Additionally, you might hesitate expressing your desire to move up for fear of coming off as overconfident or arrogant. But according to career and leadership coach Kamara Toffolo, who's also a Millennial, you're only holding yourself back by keeping quiet.</p> <p>&quot;Often your own boss has no idea you want to be a boss yourself, so have the conversation,&quot; she advises.</p> <p>Toffolo also believes it's important for Millennials to realize they don't have to sit idly on the sidelines and think hard work alone will get them to the top. This doesn't always work.</p> <p>&quot;Ask them how you can groom and prepare yourself for a management role and become an attractive candidate,&quot; she says.</p> <h2>5. Pave Your Own Path</h2> <p>Of course, advancing up the career ladder at work isn't the only way to become a boss. If you're feeling unfulfilled, boxed in, or like you're losing your mind, don't be afraid to jump ship and become the boss of your own company.</p> <p>&quot;The biggest mistake most Millennials make is assuming that the path their parents took will still work for them. Starting in the mailroom and working your way up to CEO just doesn't work anymore,&quot; explains Nick Fox, career coach and founder of <a href="http://www.successhacking.com">Success Hacking</a>. &quot;It wasn't until I jumped ship to run my own business that I realized that the greatest way to become a boss is to forge your own path.&quot;</p> <p>If you're living at home or have minimum expenses, or if you don't have a spouse or children, now might be as good a time as ever to build a business from the ground up and be in complete control of your income and time. It's much harder to take a leap when you're older and carry more responsibilities.</p> <p>&quot;When you're young, you have a lot of leeway to make mistakes,&quot; says Fox.</p> <p>In other words, the time is now.</p> <p><em>Are you a Millennial who's making moves to become his or her own boss? Share your story in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/5-ways-millennials-can-become-bosses-sooner">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-ugly-truth-of-workplace-success-popularity-still-matters">The Ugly Truth of Workplace Success: Popularity Still Matters</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-find-freelance-clients-part-one">How to Find Freelance Clients - Part One</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-absolute-worst-ways-to-ask-for-a-raise">The Absolute Worst Ways to Ask for a Raise</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-one-skill-can-make-you-a-better-boss">This One Skill Can Make You a Better Boss</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-millennials-have-changed-money-so-far">6 Ways Millennials Have Changed Money (So Far)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building bosses entrepreneurship millennials promotions self-employment young Wed, 09 Sep 2015 21:00:29 +0000 Mikey Rox 1547923 at http://www.wisebread.com 6 Skills That Helped Your Boss Get Ahead http://www.wisebread.com/6-skills-that-helped-your-boss-get-ahead <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-skills-that-helped-your-boss-get-ahead" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_triumphant_000038262530.jpg" alt="Man using skills to help him get ahead like his boss" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Do you ever look at your boss and wish you had his or her job? Or maybe you wonder how in the world they got to where they are, given the fact that you are struggling with your own position.</p> <p>The fact of the matter is, somehow your boss got ahead. They stood out from the rest. Here are some of the <a href="http://www.wisebread.com/8-life-skills-every-freelancer-needs">skills</a> that helped them land that big promotion &mdash; and that can help you, too!</p> <h2>1. Cut the Negativity</h2> <p>No one likes being around someone who is always negative. It's hard, and eventually you either get dragged into their negativity, or you have to put distance between the negative person and yourself. So don't be that person!</p> <p>Yes, every workplace probably has something to be negative about. Maybe it's a rough time of year, or you're currently being asked to do someone else's job on top of your own. But keep the negativity to yourself.</p> <p>Being negative drags everyone down, and companies don't promote people who are going to make teamwork harder. When your boss got promoted, it's likely that he or she was known for being positive or, at least, for keeping negative comments in. Do the same if you want to get ahead.</p> <h2>2. Line Up the Right Support</h2> <p>Most of us can't be the lone wolf at work. We need some sort of support to be able to do our jobs successfully. When we aren't getting that, we won't perform as well and, therefore, will be less likely to get ahead.</p> <p>In today's work environment, it often falls to the individual to find the support he or she needs to get the job done. Be proactive and ask your boss for a meeting. Go over expectations, especially if you feel like these aren't clear. Ask your boss how they prefer to manage and work from there. For instance, a boss who prefers weekly check-in meetings may be willing to let you have two weeks between meetings, especially if you've proven yourself trustworthy and can show how the extra time would help you do your job better.</p> <p>Getting the support they need is something your boss most likely excels at, and one of the skills they used to do their job well enough to get ahead. Figure out what you need in order to exceed expectations and ask for it.</p> <h2>3. Take on Challenges</h2> <p>Taking on something that is new, different, or difficult is scary, especially when you feel like your livelihood may depend on it. However, being willing to take on a challenge, being the person who steps forward and says &quot;I'll do it!&quot; makes a huge difference when it comes to getting ahead.</p> <p>Think about it this way: When you are considering who you want to lead something, do you want a person in charge who isn't daunted, who can outthink and outmaneuver obstacles, or do you want someone who is afraid, stuck in an old way of doing things, and who can't think outside the box? Most of us want the first kind of person.</p> <p>Even if your boss seems stuck in her ways now, it's likely she was once willing to innovate and take risks. Be the person who steps up to the challenge, and you can be the one who gets ahead, too.</p> <h2>4. Understand the Current Goals</h2> <p>If you want to get ahead, make sure you understand your organization's current goals and how your job fits into those. See your work as part of the whole and make sure you are doing your best to make the whole function well.</p> <p>It's easy to get lost in the details of your job and to forget about the role you are playing in the overall company. It's also easy to misunderstand where your company is currently focused. For instance, you may think that your company is trying to land new accounts, when the current focus is actually on giving existing clients a better experience.</p> <p>Most people who get ahead in a company do so because someone thinks they will be able to help the company achieve their current goals. You boss probably focused on these when he was working to get ahead, and doing the same should help you, too.</p> <h2>5. Take Responsibility for Your Mistakes</h2> <p>It may seem counterintuitive to think that owning your mistakes will help you get ahead. However, taking full responsibility for yourself and your actions generates trust, and so it helps you build stronger relationships with both your coworkers and your clients/customers.</p> <p>Before you can take responsibility for any errors, you need to know your own role. Make sure you really know it, inside and out, so that you can honestly tell someone whether a mistake was yours or whether it occurred elsewhere. If you did make a mistake, be sure to apologize and, if necessary, change the way you do things so that it doesn't happen again.</p> <p>Most managers have, at some point in their career, demonstrated their ability to own their role, including any mistakes that are made. If it helped your boss get to where she is today, it can help you get ahead, too.</p> <h2>6. Find the Right Communication Style</h2> <p>Different people communicate in different ways. We use different words, different tones, and even different body language when we talk to one another. When you use your boss's communication style, you are more likely to get ahead because you'll be more likely to persuade him of the points you try to make and because he will see you as compatible with the overall company.</p> <p>Before you do this, you have to determine how your boss communicates. Listen to the words he says, whether he speaks quietly or loudly, quickly or slowly, and how he uses his hands, face, and body when he is speaking. Then try to do some of these same things when you are communicating with him and with your team.</p> <p>Matching communication styles probably helped your boss get ahead, and working to do it will help you, too. Don't worry about being false, because the ideas you want to communicate will be the same as they would be if you were using your natural communication style.</p> <p><em>How are you trying to get ahead at work? Is it helping you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/6-skills-that-helped-your-boss-get-ahead">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. 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