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454 | Salary Negotiation & Early Retirement | Financial Mechanic

55 min • 11 september 2023

In this episode: salary negotiation, knowing your worth, doing your own research, anchoring, and facing job offers.

We often talk about the importance of shifting out of a scarcity mindset towards an abundant one, and this can mean leaving a job for a new one, or even asking for a higher wage. But how do you overcome the guilty feelings that can arise when wanting to level up? This week we are re-joined by the Financial Mechanic to discuss the art and steps to successful salary negotiating, from doing your research to collaboratively working with hiring managers, and learning to handle the discomfort and self doubt that can come when asking for more. While negotiating can make you feel uncomfortable or even intimidated, it’s important to remind yourself that asking for what you want does not mean you are begging. Rather, it means you know your worth and are advocating for yourself and your future! Though it takes practice, learning how to confidently negotiate can make a difference in your present but make all the difference in your future and your FI goals!

Financial Mechanic:

Website: financialmechanic.com
Twitter: @fimechanic

Timestamps:

1:05 - Introduction
5:21 - The Win-Win of Salary Negotiation
14:40 - Delay Talking About Salary
18:42 - Doing Your Research
25:33 - Knowing Your Worth
29:21 - The Negotiation
36:44 - Negotiation is About More Than Salary
41:10 - Accepting, Rejecting, and Making Your Decision
44:49 - Updates From The Financial Mechanic
53:25 - Conclusion

Resources Mentioned In Today’s Episode: