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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?

#42
post #22

Earlier quoted context omitted.

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.

The first raise is leverage for the exit. If you have to get an offer before you can get a raise you should just take the offer.

If you can get a raise and stay, why leave?

Leave because you don't like your job, or because you'd really rather being making more money elsewhere doing something else. If you like your job, give your employer a chance to pay you enough to keep you.

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

#43
post #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…

This was an odd post. And nobody at any radioshack makes anywhere near $22 an hour.

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

#44
post #22

Earlier quoted context omitted.

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.

The first raise is leverage for the exit. If you have to get an offer before you can get a raise you should just take the offer.

Ahh.. That is fine.

Let me rephrase it as I understand it: ask for a raise. If you get it, then look to get another job where you can get an even higher raise. If you don't get that other job, then stay. If you don't get a raise in the first place, either stay or look for another job.

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

#46

I would say not having a goal of "increase my income by 30-50K" might be a start. Moneys not everything, it probably shouldn't be a goal. Instead by focusing on making yourself happy you'll be better off and probably be earning more. Just a theory.

I agree with this.

http://thestartuptoolkit.com/blog/2012/12/how-to-screw-up-yo...

Maybe not quite the same thing as OP, but I've always been weary of chasing the money in this tech world. You manage to get some crazy good salary and now you're kinda stuck with "golden handcuffs". I personally am aware of 2 people who had comfy corp jobs, steady "mandatory" raises. Everything seems great. Then the year 2008 real-estate-bubble-burst happened and wiped them out. If the OP is very disciplined; living below his salary & keeping his skills sharp then I guess he'd be fine, but that's not how most people handle getting more money. I like to think I can handle it myself, but I have to admit that as the raises come, I find new concerns to make me buy yet another organic food/pillow/blanket/bottle/etc.

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

#47
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.

Fleitz' point is that switching jobs usually gets you a raise. Most people don't know how to avoid the "what is your current salary?" question, so the raise they get by switching jobs is pegged to their previous salary. Thus, get a raise first, then go fishing for another job. His point was not to get two raises from your current job!

Or just lie in response to the question.

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

#48

I would say not having a goal of "increase my income by 30-50K" might be a start. Moneys not everything, it probably shouldn't be a goal. Instead by focusing on making yourself happy you'll be better off and probably be earning more. Just a theory.

You know, I'm about to rant on an ideal that I hold. So what about money? Money is everything if you think about it. The second you stop having money is the second you are on the street without anything. So money is something.

You can go through and live in a decent house with a decent car and you'll be happy if you make yourself happy but I just don't see how people can argue that money doesn't make you happy or happier. I get that in and of itself if you fuck yourself over and you don't keep your friends or family or kids and you work so much that you will be unhappy even with money, but money can make you happier even if its indirectly. You may be one to sit at home and do nothing on the weekends and I get that, but having money allows you to go out and experience things. It buys experiences that you normally couldn't have.

Having no money does limit what you can do in life. The case can be made that you are happier not doing things but I think if you are the least bit adventurous money can buy you pleasure, joy, experiences shared with loved ones, and in the indirect result happiness. I believe family and friends are more important, but saying money should't be a goal is just silly in my opinion. Why not have both as the girl on the taco shell commercial would say?

With no money there is a slew of problems that come your way..late rent, bills, struggling to always be on top, etc. With a lot of money I'm sure there are issues as well..but I'm pretty positive you can't find anyone that has a lot of money that has good relationships that would trade their large bank account to gain more happiness and be more free. If it's not your personal goal then that's your decision and your life.

I'm NOT saying that chasing money should be your only goal. Working crazy hours in a field you don't like while ruining relationships is not healthy and isn't good. But strategically gaining money by working hard and smart and taking risk isn't such a bad thing. I'm a big believer in doing what you love and being the best at it and getting money that way, I'm not a fan of getting a degree in a field and working your life in that field just because of the money.

Happiness starts with you and ends with you. Whatever you surround yourself with should be things that make you happy. It's also not relative. Having more money shouldn't just make you automatically happier, but it should cut out some stress to let you be free to be happier and enable you to do more things that make you happy.

/rant

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

#49

Earlier quoted context omitted.

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.

Not up against a wall. You'll be out the door as soon as your replacement is trained. You'll probably be the one doing the training, too. And then instead of your income going up, it'll go down to zero.

Have either of you witnessed this happening in real life? There's always a comment to this effect in every "raise" question I've ever come across, but never have I seen any proximate information.

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

#50
post #28

I would say not having a goal of "increase my income by 30-50K" might be a start. Moneys not everything, it probably shouldn't be a goal. Instead by focusing on making yourself happy you'll be better off and probably be earning more. Just a theory.

Ah, the 'zen' theory of investment and earnings increase!

It's your attachment to the concept of interest rates that is the source of your suffering.
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