The #1 BEST THING TO HELP GUARANTEE YOUR HIGHEST SALARY:
ITS SIMPLE: BRING MULTIPLE OFFERS TO THE NEGOTIATION TABLE!
I think of the path of conquering student loans as a 3 pronged attack:
INCOME + SAVINGS+ NO DEBT= FINANCIAL FREEDOM
One of the keys to becoming become a debt free physical therapist, is to make a higher salary. The more income you have coming in, means the more excess money you will have after costs of living that can go towards your debt (or a vacation – I wont tell if you wont!)
Makes sense right!
Every time you start a job, your top priority should be to try to get the highest salary. Yes, even as a new grad!!
Lets take this example and keep it simple:
New grad #1: Starting salary $50,000 10 years later total earnings: $500,000
New grad #2: Starting salary $52,000 10 years later total earnings: $520,000
Now I assumed neither one received raises and that all other things were kept the same. You can see that by bargaining for just $2,000 more, that means that after 10 years, you earned another $20,000!
Making a higher salary should be an absolute priority when changing jobs. The sooner you can start making more money, the more that money passively builds in your 401K, savings, stocks besides crushing your debt.
So how:
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Apply for multiple jobs at once but also continuously as you work to find your dream job. You want to have multiple options when interviewing.
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Interview for positions that you are interested in learning more about, but also accept interviews from other facilities even if they are not your top choice.
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Always act interested in every opportunity so that you can catch your dream job but also other positions as well to help negotiate.
Once your dream job has offered you a position, you can counter with “I am very interested in this position, but I also have additional offers that I’m reviewing. “ All you have to do is ask. See my blog “INVESTED INTEREST IS THE REASON WHY YOU SHOULD NEGOTIATE” on why you shouldn’t be afraid to hardball.
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Most of the time, the company will increase their offer. Now if this offer is till too low and is still lower than the offers your received, then you can counter with the exact offer amount to try to see if the company can more reasonably match your offer.
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Looking to save or make more money as a physical therapist?
