By Bigg Success Staff
05-07-08

Bigg Success With Money

There are two pieces to building your nest egg: you need to have money to invest and you have to invest it wisely. In this article, we’ll explore the first one – finding the money to invest.

Other than winning the lottery or inheriting money, there are only two ways to get money to invest: make more or spend less of it. We’ll look at the first one – making more money.

Here’s one of the secrets to making more money … ask for it!

That’s right – negotiate for a better compensation package when you’re offered a job. Ask for a pay raise at your current job. Ask and you shall receive!

Or for certain, we can say that if you don’t ask, you won’t receive.

Women are much less likely than men to negotiate for a better deal. In fact, Linda C. Babcock, a Professor of Economics at Carnegie Mellon University and author of the book, Women Don’t Ask: Negotiation and the Gender Divide.

She found that about half of all men negotiate for higher pay when considering a job offer while only one in eight women do the same!

Now here’s something to consider, especially if your position involves negotiating deals of any kind for your employer. If you won’t ask for a better deal for yourself, how can your employer count on you to negotiate a better deal for the company?

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(Image by yirsh)