Published Dec 13, 2019

290: He's Wasting Inheritance on Pyramid Scheme | Feedback Friday

Jordan Harbinger and Jason DeFillippo tackle the sensitive issues of family inheritance disputes, provide savvy career negotiation tips, and delve into marital dilemmas like a surprising 'hall pass' proposal, blending financial smarts with relationship insights.
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  • Raise Strategies

    Negotiating a raise requires strategic planning and preparation. emphasizes the importance of planting seeds early by presenting data to justify a raise beyond the cost of living increase. He advises against accepting vague promises like "running it up the flagpole" without a firm deadline, as this often leads to indefinite delays 1. Jason suggests comparing your salary with industry standards to subtly indicate that you have other options, which can be a powerful negotiation tool 2.

    You need to be planning this like six months in advance, and if you do get, "I'll be thinking about it, I'll run it up the flagpole." Get a firm deadline.

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    Additionally, he stresses the importance of demonstrating your value to the company with concrete data during performance reviews 2.

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    Job Exit

    Leaving a job can be fraught with challenges, especially when dealing with unresponsive employers. highlights the importance of recognizing when an employer is not negotiating in good faith, as seen in cases where promises of promotions are used to delay recruitment and salary increases 3. He advises weighing the benefits of taking a vacation before starting a new job against the potential long-term impact on professional relationships 4.

    They're just trying to get you to work as much as possible and jerky around as much as possible until you figure out that you don't belong there.

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    Ultimately, Jordan suggests that sometimes catering to unreasonable demands may be necessary to maintain a positive reputation within the industry 3.

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