How To Double Your Salary | Carla Santamaria | First Gen Coaching and Consulting
Yo Quiero Dinero
Jannese Torres
4.8 • 616 Ratings
🗓️ 8 July 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
Episode 276 features Carla Santamaria of First Gen Coaching and Consulting. This episode is for all the 9-5ers out there. We're talking about how to double your salary. Listen now!
Carla Santamaria is a Honduran immigrant who more than doubled her salary in 10 months by job hopping from higher ed to healthcare to tech. She is now a career coach on a mission to help first gen women of color job hop to six figures while protecting their peace and actually enjoying their salary and lives outside of work.
Since 2021, she’s helped her clients collectively increase their salaries by more than half a million dollars. Carla is also the host of The First Gen Coach Podcast, where first generation professionals learn to advance their careers, unlearn limiting beliefs, and build wealth. You can follow Carla on Instagram.
For full episode show notes, visit here.
Chapters
- 00:00 - Introduction and the Benefits of Job Hopping
- 02:49 - Taboos and Beliefs in Traditional Households
- 06:29 - The Myth of Education as the Key to Success
- 09:18 - The Struggle of Being Underpaid in Low-Paying Jobs
- 15:54 - Strategic Career Moves: Transitioning to a Higher-Paying Role
- 21:23 - Knowing Your Worth: Advocating for Higher Pay
- 23:46 - The Desirability of Remote Work
- 25:40 - Authenticity in Job Interviews: Being Honest About Career Goals
- 24:13 - Strategies for Successful Salary Negotiation
- 32:48 - Optimizing Resumes for Job Applications
- 39:31 - Overcoming Imposter Syndrome and Owning Your Excellence
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Transcript
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| 0:00.0 | I think what happens is we feel kind of gross. |
| 0:02.0 | We feel kind of icky sometimes about just like being the Cairns, if you will, of just like, |
| 0:06.0 | well, I don't need to talk to the manager. |
| 0:08.0 | And at the end of the day, like, this is how rich people operate. |
| 0:10.0 | Well, people do not accept the price. |
| 0:12.0 | They do not accept the set price of anything. |
| 0:14.0 | Everything is up for negotiation. |
| 0:15.0 | And so we need to just get very comfortable advocating for ourselves because it translates to all different avenues of your life. |
| 0:27.2 | Absolutely. And especially at work. So I guess maybe one quick tip about negotiating salary specifically. I would say maybe try to stick within 10%. That tends to be where the room for negotiation is. |
| 0:32.3 | So let's say you get off for like $100,000 a year. And it's like, well, I was kind of looking between |
| 0:37.0 | one to five and 110. Kind of also giving them a range. So stick within 10 percent, give000 a year. And it's like, well, I was kind of looking between one to five and |
| 0:37.6 | 110. Kind of also giving them a range. So stick within 10 percent, give them a range that often |
| 0:42.0 | tends to work. But then that practice negotiating, I advocate for myself all the time at work. |
| 0:47.8 | Every job I've ever had when I worked at like rinky day nonprofits that have like zero dollars, |
| 0:53.8 | I've always been able to go to like conferences and professional developments paid for by my organizations because I ask companies have money and that you deserve to be compensated. |
| 1:03.2 | It creates evidence for you that you deserve to be compensated. |
| 1:06.6 | So once you're practicing like asking them, can you pay for my professional development? |
| 1:10.5 | I need to upgrade of this software. |
| 1:12.6 | I need to upgrade a laptop. |
| 1:14.1 | Once you get practice asking that, it does become a lot easier to when you're faced with |
| 1:18.3 | negotiating a salary to ask for that too. |
| 1:23.5 | You're listening to Yo Quiero Dinoero, a personal finance podcast for the modern Latina. |
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