The Mental Wealth Show with Rich Jones

QA10: Should I Ask for 30% More During Negotiation?


Listen Later

All cost of living aint equal. Don't we know it! This week a listener runs into a familiar problem: It's a great job opportunity, but it's not located in my current city of residence. How do I adjust for the cost of living changes? Well, there isn't an exact science to this question, but we discuss how the use of three reliable cost of living calculators (CNNMoney, Salary.com, BankRate) can help our listener determine the best estimate for their estimated cost of living adjustment. Tune in to hear: is a 30% pay increase ever too much? Have a career or debt management question of your own? Contact Us! I currently live in a part of the country where the cost of living is pretty moderate. I'm talking with an employer in CA about a job out there. I know the hiring manager personally, and he/she is great. The job itself is also a great opportunity. The problem is, considering the 10% pay increase I'll be getting at my current job for 2017 and the increase in housing costs alone i'd see while moving from here to CA, I'd need a 25% increase in comp, just to break even. So I would probably want to ask for a 30% increase , with the intent of accepting at 25% if they push back. I think the reasoning above makes sense, but is it reasonable to request a 30% (or even 25%) increase at the new company? I don't want to start salary negotiations off on the wrong foot by going in there with a number that will turn off the employer. Announcements: We made a guest appearance on the award-winning Stacking Benjamin podcast. Be sure to give it a listen in iTunes or on their website, From Drowning to Debt Free. We’re happy to announce that we’ve been featured on iTunes and have been as high as #19 in the Business category! Be sure to check it out. You can also helps us reach an even larger audience by leaving us a five star review. Thank you all for the continued love and support!! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances! Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.
...more
View all episodesView all episodes
Download on the App Store

The Mental Wealth Show with Rich JonesBy Rich Jones

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

993 ratings


More shows like The Mental Wealth Show with Rich Jones

View all
Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,169 Listeners

Money Girl by QuickAndDirtyTips.com

Money Girl

1,843 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,982 Listeners

Be Wealthy & Smart by Linda P. Jones

Be Wealthy & Smart

869 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,537 Listeners

Optimal Finance Daily - Financial Independence and Money Advice by Optimal Living Daily | Diania Merriam

Optimal Finance Daily - Financial Independence and Money Advice

1,272 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,059 Listeners

Social Proof Podcast by Social Proof Network

Social Proof Podcast

1,952 Listeners

She's So Lucky by She's So Lucky

She's So Lucky

2,618 Listeners

Earn Your Leisure by EYL Network

Earn Your Leisure

7,803 Listeners

Market Mondays by EYL Network

Market Mondays

4,024 Listeners

The Table with Anthony ONeal by The Neatness Network

The Table with Anthony ONeal

2,032 Listeners

Nice & Neat The Podcast by Blue Wire

Nice & Neat The Podcast

877 Listeners

rich & REGULAR with Kiersten and Julien Saunders by rich & REGULAR

rich & REGULAR with Kiersten and Julien Saunders

420 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

337 Listeners