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    5 Things About Making Money That No One Ever Tells You

    1. Holly@ClubThrifty

      September 8th, 2015 at 9:00 am

      My ideas on making money have changed a lot since I became self-employed three years ago. Where I once felt limited by my position, I now feel like my earning power is unlimited. If I can dream it up, I can make it happen! For me, the biggest challenge now is just finding the time.

    2. Stefanie

      September 8th, 2015 at 9:48 am

      Oh yeah, finding the time is definitely my new number one challenge

    3. Aliyyah @EarnMoneyOnlineWriting.com

      September 8th, 2015 at 9:42 am

      I wholeheartedly agree with your last point. I work a full-time job and have two side hustles in the writing market. I am now looking at another side hustle that is unrelated to writing. There is no limit on what your side hustles can be based on what you studied in school or what your full-time job is. I am learning that having diversified streams of income is the best way to achieve financial security and boost your income.

    4. Stefanie

      September 8th, 2015 at 9:48 am

      Agreed. Diversifying your income is one of the best ways of building sustainable wealth.

    5. Thias @It Pays Dividends

      September 8th, 2015 at 10:10 am

      I failed at #1 when I first entered the work force. I had a long job hunt and had my opportunity just pop up. Because I didn’t want to risk losing the job (which there is no way I would have if I negotiated another 5-10%) I just went with what they gave me. There is a misconception out there that if you have little experience, you should just take whatever they give you. I fell for this but plan on not falling for it again in the future.

    6. Stefanie

      September 8th, 2015 at 10:27 am

      That’s unfortunately a mindset that keeps a lot of young people from negotiating their first salary. The study mentioned also showed that 90 some percent of employers would not rescind an offer if someone tried to negotiate.

    7. Natalie @ Financegirl

      September 8th, 2015 at 10:40 am

      This information is really helpful, Stefanie! My favorite is number one – that you set the salary bar. Especially for young professional women, we don’t automatically think this yet we should.

    8. Stefanie

      September 8th, 2015 at 10:53 am

      The NerdWallet study also talks about the disparity in negotiation attempts between men and women. We ladies really need to step up to the plate.

    9. Tonya@Budget and the Beach

      September 8th, 2015 at 10:43 am

      I never would have even though to negotiate my salary when I first started working post college. This is why I think there is so much that needs to be taught in high school about personal finance.

    10. Stefanie

      September 8th, 2015 at 10:48 am

      It’s really a huge disservice not to teach these basic life skills.

    11. Emily @ evolvingPF

      September 8th, 2015 at 11:02 am

      What a great post! It really seems that even a person who wants to be a (serial) salaried employee for life (like my husband) has to adopt somewhat of an entrepreneurial mindset. I’m scrabbling as fast as I can to adopt an entrepreneurial mindset for my business, so I’m able to help him along, too (like negotiating his job offers). http://evolvingpf.com/2015/06/the-reluctant-negotiator/

    12. Stefanie

      September 8th, 2015 at 11:20 am

      Great point. Maintaining an entrepreneurial mindset, even in a traditional employment setting is critical to keeping your earnings on your terms.

    13. Abigail @ipickuppennies

      September 8th, 2015 at 11:08 am

      The only real mindset I grew up with was to work like crazy and save every penny. Which isn’t the worst one in the world, but man I missed out on some good, non-stressed time. My senior year, I actually worked 3 days a week (Weds afternoon-night and Sat/Sun all day) plus halfway through the year I took a month-long temp job. All this around two extracurriculars and AP classes. Then that summer I worked full-time at a movie theater and around 20-35 hours a week at a Red Robin. The next summer I did the same.

      At $5 an hour — plus a portion of servers’ tips at Red Robin — I’m not sure that much stress and exhaustion was worth the money accrued.

    14. Stefanie

      September 8th, 2015 at 11:21 am

      SUCH an important lesson learned. I continued that kind of relentless hustle throughout my early 20s before finally figuring out a way to create income on my own terms. I guess that early hustle paid off though in establishing the habit of hard work.

    15. DC @ Young Adult Money

      September 8th, 2015 at 1:28 pm

      Because my parents were very “job-oriented” I was very curious how some of the wealthier people made their money. A lot had good jobs, but there were some that owned businesses, made investments, and took advantage of opportunities to increase their income. This has stayed with me and each year I focus on increasing my income over what I made the previous year. With side hustles to supplement income and websites like GlassDoor to give employees a leg up, there really is no reason I can’t increase my income year-over-year indefinitely.

    16. Stefanie

      September 8th, 2015 at 4:40 pm

      Thank goodness for the internet and all these resources and opportunities we have at our finger tips. Without them, I’d probably just assume that salary is set and resign myself to being broke forever.

    17. Shannon @ Financially Blonde

      September 8th, 2015 at 2:30 pm

      I got my first job at 14 and I LOVED making money for myself and for a long time I just assumed that I would make money by working for someone else. Two years ago I became my own boss and now I love the fact that I have no limits to making money other than the amount of energy I put into the effort.

    18. Stefanie

      September 8th, 2015 at 4:39 pm

      I’m with you, I love the freedom of making money on my own terms.

    19. Steve Miller

      September 8th, 2015 at 2:51 pm

      You are right, if you work incredibly hard to tangibly add value to your employer’s bottom line, getting a raise is much easier.

    20. Stefanie

      September 8th, 2015 at 4:39 pm

      I think it’d be hard for someone to say no to a raise when they show exactly how much value they add.

    21. Syed

      September 8th, 2015 at 4:42 pm

      I have been a victim (and occasionally still am) of placing limits on myself because of my degree. Many professionals are like this, believing that the only income worth earning is from the degree they worked so hard to get. This is very self limiting, because just having one stream of income, no matter how large, is very very risky. One disaster can totally wipe you out. I’ve found that the best use of my current income is to actually leverage some of it into creating other streams of income, be it from blogging, writing, real estate, investing or some other venture that may help me make some money.

      I also want to get out of debt and achieve independence faster than my income will allow, so I have no choice but to get creative and make some more money.

    22. Stefanie

      September 9th, 2015 at 9:15 am

      Diversifying my income streams has definitely proved one of the most powerful ways of boosting my earnings and reaching my financial goals. I couldn’t care less whether they’re related to my major or not.

    23. Brian @DebtDiscipline

      September 8th, 2015 at 6:13 pm

      I believe many feel limited when working for someone else, too afraid to ask for a raise or to negation during a hire. What’s the worst that can happen, someone tells you “no.” Working freelance or being your own boss opens up the income potential, giving you the results of what you put in.

    24. Stefanie

      September 9th, 2015 at 9:16 am

      I think we all need to get better at hearing “no” so that it doesn’t scare us so much and keep us from taking risks.

    25. Jayson @ Monster Piggy Bank

      September 8th, 2015 at 6:26 pm

      Stefanie, setting a salary bad? why not. This is what I did in the first job I had. The company agreed to it and I am glad that I took the risk.

    26. Stefanie

      September 9th, 2015 at 9:13 am

      The bad thing is to fail to negotiate a starting salary. Most people simply take what’s offered.

    27. Shannyn @ Frugal Beautiful

      September 10th, 2015 at 12:38 pm

      Love this post! Too many people don’t think outside the box when it comes to earning a living. It can be done on your terms, and that’s so empowering.

    28. Jess @ Best Credit Cards Canada

      September 10th, 2015 at 4:07 pm

      I remember my first “actual” job (not babysitting) was a part time job at Domino’s pizza when I was 16. When you clocked out it would tell you how much you made. That was my favourite part of the shift! I clearly remember working a fairly full shift and seeing $50 pop up on the screen. It seems tiny now but at the time, it was crazy exciting!!
      I think you are so right about moving jobs when you are young. I stayed with an employer for awhile and I got really comfortable, that is not always a good thing!

    29. Michelle

      September 11th, 2015 at 9:50 am

      Great advice Stefanie! I think that people have to learn how to feel empowered as they navigate their income trajectory and goals.

    30. Zee Hamdani

      September 12th, 2015 at 2:20 pm

      Love the post. Money making is one of the most hardest things out there and the second hardest thing is to ask for money 😛

    31. How to Empower Yourself Through Personal Finance

      September 24th, 2015 at 8:44 am

      […] Let Go of Limitations. What limiting money beliefs are you holding onto? For the longest time I subscribed to the idea that my job title, degree, employer and a host of other external factors were the reasons for my limited income. As soon as I identified that limiting belief, I was able to bust it, realizing my own capacity to generate earnings on my own terms and tripling my annual income. […]

    32. 70 Essential Money Skills Everyone Must Know - Wallet Hacks

      November 16th, 2015 at 7:01 am

      […] a raise – It begins by knowing your worth and then demonstrating it in a way that a raise is a foregone […]

    33. 5 Things To Know About Making Money That No One Ever Tells You - All About

      June 24th, 2019 at 6:18 pm

      […] that the only limitations to my money making endeavors are my own. – Stefanie O’Connell stefanieoconnell…. personal finance tips, personal finance organization #personalfinance […]

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