Tag Archive for More Money

3 Reasons Why More Money Won?t Make You Happier

3 Reasons Why More Money Won?t Make You Happier

3 Reasons Why More Money Won?t Make You HappierWhen you are a little short on funds, it is easy to think that money is all you need to be happy. After all, you won?t have to sit around and stress about your bills when you have more money, so that will make you happier, right?

Not necessarily. While having plenty of money to meet all of your needs is a great thing, simply having money is not going to ensure happiness moving forward.

To highlight this point, we have identified three reasons why simply having more money is not automatically going to lead to happiness.

Possessions Don?t Lead to Happiness

Despite the cultural focus on possessions in the modern world, those items simply will not make you happy.

Sure, you might get a short-term rush out of buying a new product, but that will quickly wear off as you look for the next thing. Even if you can buy high-end products like luxury cars and expensive jewelry, the satisfaction that comes from those purchases is fleeting at best. People who try to buy their happiness through consumerism almost always end up feeling empty and unsatisfied.

One way in which spending money may be able to contribute to your happiness is by paying for experiences rather than things. For instance, going on a family vacation could allow you to make memories which will last for years. Such an experience is far more valuable to most people than an item.

Your Focus Becomes Making Even More Money

It is easy to fall into the trap of always wanting to make more and more money. Once you have a taste of success, you may want to push even harder, working even more hours, all in pursuit of a bigger payday. Many people have gone into a downward spiral due to this kind of thinking.

Sure, it is great to make a lot of money, but at what cost? If you are unhappy personally and have a lousy work-life balance, it would be safe to say that the money is not working to your advantage.

It takes a mature person to understand that there is a danger in trying to make too much money. If you can keep your life in perspective and settle in at a place where you make enough and also have time for yourself and your family, that is likely to be best.

You Can Lose Track of Satisfaction

Imagine a world where you had an unlimited supply of money. That sounds amazing, right? Maybe not. If you could buy anything you wanted at any given time, you would quickly lose track of what it feels like to be satisfied. You would get used to things like fancy hotels and gourmet meals, so they would no longer be a treat.

The things that are exciting in life are exciting because they are a rare indulgence rather than an everyday occurrence. With enough money, you could manage to quickly take the fun out of what used to be special occasions.

 

What do you think? Do you think more money can make you happier? Where do you draw the line?

 

Photo courtesy of: anemone123

How to Ask For a Raise: A Step by Step Guide

ask for a raise

ask for a raiseDo you think that you deserve a raise, but it has been a while since your current hourly wage has made a move? How should you approach this with your boss? These were always questions I asked when I was still working for ?The Man? and know I?m definitely not alone when it comes to figuring out how and when to ask for a raise.

If you?re wanting to ask for a raise but not certain where to start some of these steps should help you get started and hopefully result with more money in your pocket!

1) Over-perform on the Job

If you want a raise today, you really have to go above and beyond consistently. No longer can you get a raise just for showing up – at least from what I’ve seen. If you don?t prove that you?re worth of a raise by doing extra each and every single day, then you’re likely in for an uphill battle.

Over-performing can be accomplished by either putting in extra hours at the office or by taking on extra projects. These are both ways that your boss can notice your extra efforts that might work out in your favor when you ask for a raise.

2) Keep Track of Your Extra Efforts

If you indeed are over- performing at your job, then you should make a point to take note of all your duties that you have taken on that are not currently part of your job description. You can take this a step further by quantifying either the amount you saved or made for the company.

How this can help when you ask for a raise is showing to your boss the value you bring to the company, that you?re a hard worker and that you think outside the box, and return your diligence with a raise.

3) Gather Data on Salaries of Similar Jobs

With the help of Glassdoor.com and other job boards, you can search job titles that are identical or similar to yours and get a relatively clear idea of what others are earning in other companies. Ideally, you should find salaries of those that are within your area and at competing companies. If you find that your earnings are quite low in comparison then you can use this data to help prove your case for a raise.

4) Kindly Ask For A Raise

If you truly want a raise, griping, complaining, and getting upset about it will not get you any extra cash. Instead, approach your boss kindness and professionally and explain that you enjoy your job as well as the company and would like to ask for a raise. Ask him what he thinks. If he does not jump on board immediately, leave him your findings and tell him that he can get back to you at his earliest convenience. If, even after looking through your data, he does not grant you a raise, you can then consider moving on to step #5.

5) Kindly Accept the Refusal and Look For a New Job

This step is one you?ll want to proceed with wisely. Without telling your boss that you?re searching for another job, entertain other offers in your field of knowledge. If you are offered a new position elsewhere, but would like to stick around with your current company, let your boss know about the offer and give him one last chance to increase your salary.

Do your best not to make him feel like he has a gun to his head, but kindly let him know that you are entertaining the offer and might choose to stay if you are properly compensated. If he still does not increase your pay, then maybe it is time for you to leave.?Again, take this step wisely, but that also doesn’t mean you have to stay in your old job.

 

 

What steps do you take when you ask for a raise? Have you ever been denied a raise, and if so, what did you do? How often are you reviewed for a raise?

 

 

Photo?courtesy of: Steven Depolo