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Career Contessa’s Best Financial Advice for 2021

Cash, cash, cash. 

We’re at all times fascinated about it. We’re by no means speaking about it.

In actual fact, most of us have been taught to maintain quiet on the subject of cash. Based on a Bustle survey, 50 % of individuals mentioned they by no means talk about private funds with buddies, although 28 % reported feeling wired about cash each single day. Add in a world pandemic and a mass exodus of ladies from the work world (solely to do much more work from home—with out pay), it is an excessive amount of. 
Historically, we aren’t followers of stress—though we do imagine that there’s such a factor as good stress. (i.e.) we would not thoughts you stressing about attaining your monetary objectives—what we do not need, is you stressing since you do not even have any monetary objectives, and what’s saving cash, and what even is a 401ok?…Get it? We would like good cash stress. And actually, that begins with schooling. 

firstly

“This isn’t all on you. The hyperlink between wage and emotions of success could also be hard-wired in you because of being requested to “know your value” or “ask in your value” in wage negotiation suggestions and methods. Or the fixed potential to check what you need to strangers on the web. Or the idea that when you had extra money, you’d be happier.”

We wish to encourage y’all (and us) to place an finish to this pondering, language, and method. Not solely is connecting your self-worth to your internet value a shedding recreation, but it surely additionally throws an enormous wrench into that complete self-acceptance factor.

One different factor. Ladies are so typically advised that they’re “dangerous with cash” and we’re sick and uninterested in this narrative, so let’s ditch it. 

So earlier than you examine cash—how to reserve it, easy methods to spend it, what it even actually is—know that it is by no means a mirrored image on you as an individual. 

Laying The Groundwork

Consider these like flash-cards, for adults. Begin from sq. one—by studying what’s what on the subject of monetary phrases. A few of us weren’t taught this in class—however we actually all ought to have been. Quiz your self—what number of have you learnt? 

Raises + Wage Negotiation

Ah sure, the basic cash query—how can we get extra of it? It is necessary to have an informed, research-backed ask once you’re negotiating wage. Research present that 43 % of staff really feel they’re underpaid. In an effort to treatment (or keep away from, by asking within the onboarding course of) the uncomfortable underpaid state of affairs, it’s worthwhile to know easy methods to analysis your wage, and make an informed ask. 

Budgeting + Saving

That factor that everyone knows we ought to be doing, however typically, simply…do not. The factor about making budgets, following budgets, and saving cash, is that it is simpler than we expect. It comes all the way down to group and self-control. Lengthy-term versus short-term pondering.

The Wage Challenge™ 

Our wage software, The Wage Challenge™, allows you to navigate a database of over 60,000 salaries from girls throughout the globe, to provide you a customized expertise so as to have a look at wage analysis that is related to you. You may see actual salaries from girls working in your state, metropolis, dream trade, present position, and extra. We pull information and type it for you—so as to do your analysis in a enjoyable approach. 

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