When it comes to personal finances, I can sum up everything I know in two sentences:
- If you want to have more money to spend on experiences, you can either increase the amount of money you make or decrease the amount of money you spend
- There’s a lot more potential in increasing the amount of money you make (it’s virtually limitless) than decreasing the amount of money you spend (you can’t spend less than $0)
If you’re employed at a day job, one of the most effective ways to make more money is by negotiating your salary. It’s not hard; In fact, by integrating a negotiation about your compensation into your annual review, it’s easy to highlight your accomplishments from the last year, identify your goals for the coming year, and make an increase in your salary an obvious decision for your boss.