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4 Things You Didn’t Know About Negotiating For Your Salary

By on June 24, 2013
Negotiating Your Salary

In these troubling economic times, many people are happy to have any job – often, they assume a raise is out of the question. But if you aren’t living comfortably or saving money for retirement, it might be time to speak up.

When people work for insufficient pay, it often has less to do with the economy, and more to do with a single fact: they are unwilling, or unable, to negotiate for a fair salary.

That is a huge problem, with significant financial impact. Lifehacker.com reports that people who negotiate for salary increases, even in amounts as small as an additional $5,000 per year, earn an additional $500,000 over the course of their lifetimes.

You read that right. Learning how to negotiate a salary that is just $5,000 more per year at this moment will gain you more than half of a million dollars in lifetime earnings.

Here are four things you probably did not know about negotiating for your salary:

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