2837: The Easiest Way to Get a Raise is to Give Yourself One by Kiersten Saunders of Rich and Regular on Financial Future

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 20 August 2024

⏱️ 9 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2837: Kiersten Saunders of RichAndRegular.com shares insights on how to take control of your financial future by giving yourself a raise. She discusses the importance of managing your paycheck effectively, avoiding lifestyle inflation, and investing in assets to create new income streams, highlighting the empowering shift from relying solely on employer-based salary increases. Read along with the original article(s) here: https://richandregular.com/the-easiest-way-to-get-a-raise-is-to-give-yourself-one/ Quotes to ponder: "When you work for someone else, you implicitly accept a limited upside and unlimited downside." "Our raises come from being bullish about the unsexy realities of staying rich. We call them our 'richuals'." "If you’re ready to make more money, you can. You just have to do the math and master the odds." Episode references: Thinking in Bets by Annie Duke: https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions/dp/0735216355 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily.
0:03.0	The easiest way to get a raise is to give yourself one,
0:06.0	by Kirsten Saunders of rich and regular.com.
0:10.0	And I'm your host and personal finance enthusiast Diana Merriam.
0:14.2	This is the show where I read to you from the best personal finance blogs on the web,
0:18.4	with the author's permission of course. For now, let's get right to it and continue optimizing your life.
0:25.0	The easiest way to get a raise is to give yourself one,
0:32.0	by Kirsten Saunders of rich and regular.com.
0:37.0	As Mr. R&R mentioned I got promoted.
0:39.5	Woo-hoo!
0:40.7	Some of you may be thinking wait I thought y'all were retiring early.
0:44.2	You're right, but the two events aren't as mutually exclusive as they sound.
0:48.7	We treat full-time employment, which is required work where you trade time for money, as a season.
0:55.2	We still believe that life is for living, which is why we actively avoid lifestyle inflation
0:59.8	in spite of how lucrative our careers have been over the years.
1:03.8	Taking this approach trains us to treat salary increases
1:07.4	as a byproduct of how focused we are at reducing the timeline
1:12.0	and not another form of golden handcuffs. The title is a bit
1:16.3	of a spoiler alert about who I think the onus falls on for making additional income,
1:21.1	but leveraging our employers to earn more money has been an important
1:25.2	part of our journey.
1:26.4	So let's talk about it.
	...

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