Let’s face it… no one get’s a raise at work for doing nothing.
Sure, some employers will give you a salary increase for seniority or just being around at the company for a long time, but that’s just “carrot and stick” thinking.
If you don’t like to “bet” or put your future into someone else’s hands there is a sure-fire way, an almost guaranteed path, to being able to get more money at work. It’s not hard to do, but it’s something that takes dedication, commitment to yourself and a balance between theory and practice: Build Your Knowledge.
This sounds like a generic idea… and it sort of is when I say it like that.
So, let me try again:
Learn specific things that apply directly to your field of expertise.
The more you KNOW, but more importantly the more you can demonstrate and SHOW how this knowledge applies, the more of a case you have to request a raise… and ultimately get it!
The formula is simple: You take the time to KNOW your subject and niche knowledge + quickly SHOW how this applies to your current position at work = LEVERAGE to get more money in your pocket.
I have an interesting question to drive home this idea:
Did you ever notice that newbie’s and masters both use the same language?
Why do you think that is?
I suspect that the “newbie” just heard a word or picked up on some language and they are repeating it because it sounds “cool”.
The “master” on the other hand, may use the same words as the newbie, but knows exactly how it applies within the context of a situation or challenge.
You see, in this case context is everything.
Even if you have all of the knowledge in the world, it doesn’t matter unless you can show how something applies.
This, in turn, implies that your knowledge is intrinsic. This means that your knowledge is important in and of itself. You can take this knowledge and use it outside of work, because you earned it and you studied hard for it. But using it inside of the realm of your job shows that you can:
(1) Go out on your own and find knowledge that applies to your employment
(2) You can then apply that knowledge to your job and connect it up, or rather have it apply to an aspect of your job
(3) You then demonstrate HOW this works or how it’s important to your position and
(4) You demonstrate several different types of knowledge, connect them up, demonstrate and THEN ask for a raise at work.
Let me give you a real world example of how this works.
Say that you update your company’s blog.
It’s a good skill to have because you need to know how to type, write in complete sentences and re-size pictures… but what if you went out and took the time to understand how to setup a blog? Say, something like WordPress. You learned how to setup MySQL databases so that they work with the current version of WordPress. You figured out how to install WordPress on either a Linux or Window server and connect up the database. You then figured out how to download and install new themes and really tweak them so that they looked good and made sense to your audience.
As you can tell, going from “I can update a blog” to “I really own WordPress” is a huge jump.
Yet, at the same time, you will hear newbies (for the sake of this example – folks who can login and create a blog post) and masters (folks who can setup a blog from scratch in under 20 minutes) say the exact same thing.
And look, the benefits of knowledge (especially specific knowledge) far outweigh the time investment you put into it.
If you knew how to setup WordPress blogs from scratch you can take that knowledge and work just about anywhere that needs someone to curate content.
Not only that, things in the technical realm just simply aren’t going away.
In other words, things like blogs and communication between a business and it’s customers is a high-leverage field to work in because there will always be a need for this.
When you are choosing what field of knowledge to learn about on your own, think about it in terms of long-term leverage that you can use over and over again.
The really SMART people know how to leverage their knowledge in a way that is not only intrinsic (meaning that it’s valuable in and of itself) but they create systems that they can replicate over and over again with little effort. These are the people who get paid the most.
Bottom Line: Become a Master by Leveraging Your Knowledge and you will Make More Money!
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Thanks for reading.
Talk to you soon,