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Ask HN: How can I make an extra 30-50k a year?

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Re: Ask HN: How can I make an extra 30-50k a year?

#14
What is your full-time job? How long have you been there? Does your boss trust you? Is there a way you can contribute more value to your current employer? For example, is there an important but difficult project waiting for someone to step up and take ownership? Or do you have an idea for a side project that if you successfully implemented it, would improve your efficiency or even that of your entire team?

Promotions and raises are more likely to come when you "step up to the plate" and show how much value you can create. And then you can simply ask to be rewarded accordingly. If you really did your boss a solid, and he's a good manager, he will recognize it and might even give you a pay bump without you even having to ask.

If your boss shoots down your ideas, or lets you implement them and then doesn't recognize them or takes all the credit for them and rewards you with nothing, then update your resume and move to another place where your value may be appreciated.

Re: Ask HN: How can I make an extra 30-50k a year?

#16
post #10

Start by asking for a raise, a 15 minute conversation can usually net you a decent chunk of change. After you get your raise phone some recruiters, ask for more from the new company. If you get a raise and another offer you've probably got your 30k.

This is the easiest and most foolproof option. But reverse fleitz's chronology: first get another offer, then go talk to your boss.

Edit—To imsofuture's point below: Yes, come to your employer with another offer that you would actually take, but with a real preference to stay (otherwise, just go). Ask for a raise, and if the discussion doesn't go anywhere, describe the decision you face between more money elsewhere and a preference to stay if the money were not a differentiator.

This is not extortion, and a reasonable employer will not treat it as such. It is the way you find out what you're worth and get paid commensurately. Changing jobs is not the only way to get a raise, and it's certainly not the best way—for you or for your employer.

Re: Ask HN: How can I make an extra 30-50k a year?

#17
post #10

Start by asking for a raise, a 15 minute conversation can usually net you a decent chunk of change. After you get your raise phone some recruiters, ask for more from the new company. If you get a raise and another offer you've probably got your 30k.

Agreed with pash. You make it seem like the OP should ask for a raise, get it, then ask for another raise after getting more offers. No employer will look favorably upon asking for two raises in quick succession.

Re: Ask HN: How can I make an extra 30-50k a year?

#19
post #16
post #10

Start by asking for a raise, a 15 minute conversation can usually net you a decent chunk of change. After you get your raise phone some recruiters, ask for more from the new company. If you get a raise and another offer you've probably got your 30k.

This is the easiest and most foolproof option. But reverse fleitz's chronology: first get another offer, then go talk to your boss. Edit—To imsofuture's point below: Yes, come to your employer with another offer that you would actually take, but with a real preference to stay (otherwise, just go). Ask for a raise, and if the discussion doesn't go anywhere, describe the decision you face between more money elsewhere a…

Don't do this. Well, do this, but don't use your offer as a negotiating chip -- use it as a backup plan if you don't get a raise.

You will be the first up against the wall if you accept a counter offer to stay.

Re: Ask HN: How can I make an extra 30-50k a year?

#20
You didn't state your current salary. If you are making $40k and want to make an extra $30-50k the answer will be very different than if you make $250k and want to make an extra $30k.

My suggestion. Hire a maid. That will save you 8 hours a week. She (yes I'm sexist it will be a she) will make $15 an hour and work 4 hours saving you 8-12 hours. You can work at Radio Shack and earn $22 an hour. Working 12 hours a week that will make you $13k. Use your discount to buy things you were going to buy anyway save another $4k a year. That is 17K and you will have only spent $3k to get that. Netting you $14k for the year. If you want $30k double your hours to 20 hours a week.

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