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Salary Increase - Complete Controller

Asking for a salary increase is something deeply rooted in the culture, but here we are still “afraid” of asking for something that surely corresponds to us if we have been doing our job well. Let’s see what you can do if you want to ask your boss that it is time to raise your salary. Check out America's Best Bookkeepers

  1. Choose the time to ask for the salary increase

The first thing you have to do is find the right time. If you have been in the company for a while, you already know if it works well or not, and you will even know how to detect the signs that indicate if you are in a moment of prosperity or if problems are coming.

  1. Follow the internal protocol

Your performance may be so good that you deserve a salary increase. But if you ask for it inappropriately or to a person who has no decision-making capacity on this issue, your request may fall into a broken sack.

  1. Prepare your exhibition

Surely in your company, they already know how valuable you are, but if you are going to ask for a salary increase, you will have to “sell” a bit, highlighting all the good you have contributed and that you can contribute. Check out America's Best Bookkeepers

  1. Prepare the documentation

As we have just pointed out when talking to your boss, nothing about looking at the “chop” with the script to defend your arguments. But what you should have on hand and show your interlocutor are the documents that can help your argument.

  1. Don’t focus only on yourself

It is clear that if you are going to ask for a salary increase, the conversation will revolve around you, but you should not forget to value the company.

Let your boss see that you are comfortable with your work and that you value what the company brings you. Precisely because of what you contribute to the company and what she brings to you, you want this relationship to be long-term. A salary increase would help strengthen that relationship.

  1. Ask without demanding and without specifying

If you have decided to be brave and take the step of asking for a raise, do not back down when asking, but do it with discretion. Experts advise not to ask for a specific figure. Instead of asking for a certain amount of money, propose to your interlocutor an upward revision of the salary range. Check out America's Best Bookkeepers

The good news about asking for a salary increase

The 2019’s report of the Wall Street Journal reveals American growth in wages will increase next year because many economists predict a competitive labor market will continue to raise employee’s pay. According to the recent private-sector forecasters, around 63.6% of wages will increase next year, and 5.5% of wages will rise fast and substantially.

Workers who have $150,000 income or more than that received the requested amount of the time, 70%. That rate is 25% in comparison to those who earn $10,000 to $20,000 every year. The research report of PayScale (compensation data and software company) estimated the poll of over 160,000 people.

According to the survey of 40% of workers, they got an increment in their salaries with the exact ratio as they requested. But, the remaining 31% of people claimed that they got less as they asked for it. Budgetary constraints compel people to ask for a salary increase. Budgetary restraints are a rationale that the majority of respondents don’t believe.

The majority of employers only consider increment requests. There is no salary increase, even for valued employees. In a world full of talents, employee retention is a major concern for around 66% of organizations. This ratio is in comparison to a 59% rate for the year 2018. The turnover rate of a powerful market has increased as per the belief of 47% of HR and business leaders.

Asking for a salary increment is scary

Such kind of request is somewhat scary whether you have done effective planning. It becomes a crapshoot when you ask for a salary increment without planning and preparation. Also, you lost the best chance of getting consent for pay raise. As a result, the employer gets an opportunity to ignore this request. He/she will never want to discuss with you again unless you contribute to your job or something changes at the workplace.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Extra Income - Complete Controller

We have all heard “you are so talented!” at least once in our lives, even if we don’t believe it. Well, maybe it’s high time that you do. Every person has an extra set of skills that they possess, and so do you. So why not put these skills to better use? 

Earning extra income will never be a bad idea, and there are so many ways that you can do so without having to try so hard. Here are some ideas to put your skills to great use. Check out America's Best Bookkeepers

Use your experience knowledge

Sharing your experience and knowledge can give you extra income. People generally like hearing things from those who have prior experience in a specific field. It is time to value your time and effort and be paid for it.

Produce a YouTube channel

Produce a YouTube channel to share your knowledge on a specific topic and earn money. Having a channel is not synonymous with becoming a famous YouTuber that will be a mass influence.

If you don’t have a clue how to start, it’s easy. You can go on the YouTube page and find a tutorial on how to start your channel. Before opening your channel, you must be clear about the topic; many options depending on your skills: Cooking classes, teaching a language, technology, etc. Check out America's Best Bookkeepers

Start your own blog

A video about your skills may not be your thing, but you always have the option to write. The way to get money through a blog is through the advertising on the website it is presented on.

As with a YouTube channel, you should start creating it by following all the necessary steps. Although on the other hand, a blog can be a complement to your YouTube channel as well. Which means twice what you already earn!

It’s time to take an online course

Another way to give advice in addition to videos and blogs is through a completely online course. The general idea that prevails is that online courses are only for certain types of people. But the reality is completely the opposite, and anyone can start an online course. This is one of the easiest ways of obtaining some extra income.

An online book

If you already have a specific topic that you plan to teach, another good option is an online book or eBook. Even though the idea might scare you away, it is quite easy to do. Make sure you research what the audience is in search of. Check out America's Best Bookkeepers

Be a teacher at a community center

You can teach during the summer, on weekends, in spring, or any time you seem fit. This will depend on your available schedule. These centers, libraries, museums, and bookstores, offer courses and can approach these institutions to offer their skills.

This can be the first step to meet potential students and become a tutor.

Become a tutor or guide

The best time to become a tutor is when the children are about to take exams or enter school. Although at any time, you can find children who need extra help during their school year.

However, being a tutor does not necessarily have to be related to difficult subjects. If you like outdoor sports, you can organize outlines or guided tours to nearby places. Guided tours are recommended when you know these places (such as mountains, rivers, parks, etc.) and the risks that exist.

Getting extra money requires effort and time invested, but it is something that will strengthen your savings or help with debts. Another way to use this money intelligently is through investment. It is always a good idea to keep a little extra on the side. Who knows when it might come in handy!

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Get a Raise - Complete Controller

When working in a business, regardless of the size, most employees look for the opportunity to grow. If a company is larger, the opportunities for growth and raise in income can be almost limitless. However, there may be a ceiling to the amount you can earn in smaller businesses depending on the business’s success. In either case, there may come a time you will need to ask for a raise. Here are five tips to help you guarantee you get a raise. Check out America's Best Bookkeepers

Timing

Presuming the right time to ask is similar to protocol recognition. In some businesses, they only consider raises in salary during yearly evaluations. This is common in corporate jobs that the entire company assesses employees during the year, and at that time, a raise will be given if the employee is performing. However, other companies allow each manager to make those decisions on an individual basis. If your company does not have an evaluation period, it will be up to you to ask for a raise. If you ask at the beginning of the fiscal year rather than at the end of it, you have a much better chance of receiving a raise.

Preparation

Asking for a raise in smaller businesses may be as easy as walking up to your boss and asking, requiring no planning. However, when asking for a raise, you have to be ready to make a presentation about why you are worthy of the raise in most businesses. It would be best to show your value, what you bring to the table, and why this value deserves a raise. If you are a hard-working employee, often the decision-maker knows your worth. However, your hard work is taken for granted, so if you are ready with well-thought-out reasons why you should get the raise, your odds of securing a raise are increased. Check out America's Best Bookkeepers

Reality

While you should be aware of your value and how that translates into what you earn, you also have to realize that asking for a raise is a business transaction. If you ask for too much of an increase that the company can’t afford or is out of sync with your development, it will be difficult to negotiate. In that case, they may deny your raise altogether. It is not impractical to ask for a little more than you want to give some negotiation space, but you need to keep it reasonable.

Protocol

You should always be aware of company protocol on asking for a raise. Some businesses may not have a specific protocol, while others may have salary increase processes to adhere to when asking for a raise. It used to be that employees would set a meeting with the boss, ask for a raise, and layout the justifications if needed. In today’s business world, some offices have channels that are gone through to gain approval for a raise. Check out America's Best Bookkeepers

Amount

It could be argued that you should ask for the exact amount you would like to make when asking for a salary raise. In many cases, this direct and specific approach will be successful. However, it is recommended that you give the decision maker a range. This could lead to the company offering the lowest amount of salary in your range. This idea of giving them a range can still be an advantage if this is the case if you make the lower amount, which you are willing to accept. You should never be afraid to ask for what you truly want or are willing to accept. There can be room for negotiation.

Conclusion

Though many find asking for a raise stressful, these tips should help you ask for that raise with ease. The worst they can say is no, but if you don’t try for it, the answer will never be yes. In business, to get what we want, we have to be bold. These tips will help you be bold and get the raise you deserve.

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Retirement Plan - Complete Controller

Change is constant, and a time will come when a person cannot work anymore and will need to rest. The ants and the cricket story gives the perfect example of retirement planning. Those who are wise enough like ants start saving from the very beginning of their jobs, and those who are like crickets get worried when the winter arrives, or in this case, when they can no longer work.

Picking a retirement plan is not as complicated as it might sound and requires a simple yet wise decision. Here are 6 simple steps to pick a retirement plan. Check out America's Best Bookkeepers

Know How Much Is Required:

How much an individual spends in a year varies from person to person. It is essential to estimate the cost of living after retirement before picking any plan. There is one general rule to make that estimate: the cost would be around 80% of the person’s current income. For instance, the person who is earning $1,000 per month should consider $800 expenditure per month.

 It is believed that many expenses can be excluded from the list when a person retires, like a mortgage and many taxes; however, there are many new expenses as well, like health care and travel. Also, inflation is a factor, and it increases year after year and does not decrease. Many experts suggest that a person should consider the cost per month equal to or greater than the current income if one wants to maintain the same lifestyle.

Retirement Vision:

Retirement planning is also different for everyone. Many people want to travel when they retire, while others want to rest and stay home with their kids and/or grandkids. The amount required is entirely dependent on the retirement vision of the retiree. Outlining the retirement activities will help develop an estimated cost of the plan one requires. Check out America's Best Bookkeepers

Be Acquainted with the Retirement Date:

Before selecting any retirement plan, it is essential to know what would be the date of the retirement. It will help a person to know how much time is left to save the required amount and if the current income is enough to fulfill the necessities of a dream retirement. The pension will also depend on the date selected. Pension plans are different in different countries, and their terms also vary.

Savings Required:

After knowing all the details, now it is time to calculate the savings required. In this step, a person needs to match the projected income with the estimated expenses. This provides the outline for the saving goals that will be achieved by the retirement date.

But the question arises: how to save for the retirement plan? There are two ways to save for retirement; either reduce the expenses or increase the earnings. There is no way to say which option is right, but a person should choose the one that best suits him. Many people find it easy to cut short their monthly expenses and do not take the time to invest in other things, while others want to live their life to the fullest and increase their income every month. Check out America's Best Bookkeepers

The Correct Savings:

The correct way of saving is difficult to determine and depends on personal preferences. Today, there are many ways to invest, including target-date retirement mutual funds, bonds, bank certificates, pension plans, etc. Real estate could also fall under the options of retirement saving plans. Investing in the stock and saving what a person earns, or rewarding bank accounts are also saving methods for retirement.

Initiate Today:

When a person wants to save, it is better to being now. Even delaying the matter for a single day could produce an impact on final savings. There is no right or wrong plan to utilize, so a person could invest in anything that seems profitable.

Starting this process sooner means a person will have time to save enough to live the dream retirement. Delaying will lead to a low retirement balance and a harder time-saving. When starting now, a person could take the benefit from other plans as well because there will be more room to think and more time to invest towards the right objective.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Farm - Complete Controller

Those who have never been or lived on a farm may think farming is easy. While farmers generally love what they do, they will tell you it is far from an easy life. Depending on the farm’s type and size, farmers often work without breaks and earn a small amount of money. This lack of profit may trouble farmers and compel them to quit farming or question whether they should find other ways to earn a living. While it is understandable that they would feel this way, farming, for the most part, is a worthwhile endeavor and form of earning a living. Check out America's Best Bookkeepers

While some farmers may have those moments of feeling as though they want to quit, if you asked most farmers if they would trade farm life for city life, they would never trade it. However, though most farmers would not trade their rural life for a city one, many will say they desire their living and life to be more comfortable. Here are a few ways that a farmer can make a profit and their current farming practices.

Grow Medicinal and Gourmet Mushrooms

Growing medicinal and gourmet mushrooms can be highly profitable as they are in high demand and fetch a higher price than other types of crops. Because of this demand, getting into the market can be a challenge. Depending on the type of mushroom, a farmer growing them can have a healthy harvest in 15 weeks with a yield of about 4 lbs. per square foot.

Additional Tips: Check out America's Best Bookkeepers

  • Before harvesting mushrooms, contact and take orders from restaurants
  • Get booths at farmers or other markets and expand the reach of mushrooms along with sales
  • Gather knowledge about how to grow profitable mushrooms perfectly

Turn Field into a Campsite or RV Park

Some farms have enough land to continue farming while providing land for other uses. One such use is making a piece of the land into a working campsite or RV park. Different types of campsites can be developed. There can be sites where campers can pitch a tent and rough-it a little more, or you can have campsites that provide electricity and other amenities. Either way, most will have shower and bathroom facilities available nearby the campsites.

The idea of having some land set aside for an RV park is gaining popularity. Many of those who want to get away find rural areas a literal and figurative breath of fresh air. In some cases, farmers allow those that stay on the farm to interact and help with farming tasks as a part of the experience. This offering of a rural getaway and experiencing a different way of life can be profitable. However, the benefits to the campers and farmers can be beyond the profit gains.

Additional Tips: Check out America's Best Bookkeepers

  • If offering a piece of the land as an RV park, the conversion would require slots with electricity, water, and sewage hookups.
  • Start a small shop containing necessary food items if the campsite isn’t too close to a town. Campers will love the idea of not going back to town and buy needed items and will be happy to purchase from the campsite shop.
  • A lot of people especially retired people loves the idea of living in RV’s permanently and might often spend weeks or months at a campsite.
  • Provide free Wi-Fi for campers. Nowadays, almost everyone wants to stay connected to the internet all the time, even when people are outside their home. The access code can be changed frequently to keep it safe from people who aren’t camping.
  • Campsites can also include playgrounds or dog parks to give additional attraction to campers or RVers.
  • You can also offer meals or ways for campers who do not have an RV with a kitchen, meal options.

Conclusion

Farming is not the easiest living, and therefore it can be a challenge to be profitable. While some crops are profitable on their own, it may become necessary to look for ways to make your farm more profitable. These are just a few ideas you can use to bring in more revenue while still keeping the rural life for yourself.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Make Money - Complete Controller

Making money is a very difficult task for many, but some people have mastered the art of making money from anything. These people are not magicians; they are using their skills to their fullest. No matter what job a person does, there is always room to make more money.

In reality, there are no particular skills required to make money. One can literally earn money from whatever he is good at, so anyone can utilize their skills to earn extra income. Hobbies are the best way to make revenue because a person does not typically get bored with it. Check out America's Best Bookkeepers

Consistency and belief are two important ingredients that are required to earn some extra cash. Many people fail to make extra income only because they were not persistent and gave up too soon.

Sales skills are highly necessary to make money irrespective of the person’s field. To make money, an individual is selling either a product or service. For the former, skills and knowledge are required to convince the customers, and for the latter, a person should know how to sell himself.

 Other skills that would be needed are honesty, hard work, enthusiasm, and courage to take risks.

Here are some money-making skills that can double the monthly income of a person in a lesser time.

Freelancing:

Any work that is done for the client without committing to it for the long run is called freelancing. Freelancers are self-employed because they can flexibly select their working hours. Many websites allow the freelancer to work with ease from their home. One can start freelancing in their free time or on the weekends.

A freelancer usually provides his mind and skills. There are freelance writers, designers, web developers, photographers, and the list goes on.

Tutoring:

A graduate person could use the time to educate others. Working as a private tutor or joining an institute as a special subject teacher can help a person utilize their skills and subject matter knowledge to earn money. Check out America's Best Bookkeepers

Painting:

One does not need to be a full-time artist to earn money from painting. An individual could paint everything from portraits to houses or face paint at events.

Take Online Surveys:

An individual can also sit and fill out marketing surveys. Often, these surveys give rewards either through monetary compensation or gift cards.

Peer to Peer Lending:

Some people are in urgent need of money and want it instantly, so a person could join a lending club and earn interest on the loaned money. The earning could be as high as 25%, but usually turnover is between 3-8%.

Affiliate Marketing:

Affiliates are the owner of the website, and their web-content is usually about the company they are advertising.  Affiliate marketing pays you money when you refer others to the company for a particular service or product.

Repair Electronics:

A person who is a repair tech could also earn money from their skills, and a typical repair shop is not always necessary. The customer could contact a repairer by just hearing about the services. From computers to juicer blenders, one could be able to repair anything. Check out America's Best Bookkeepers

Online Selling:

Buy some small things at wholesale rates and sell them on the websites that allow the users to open their shop online. The products are sent to the customers using different courier services within 2-5 business days. That means one could have enough time to pack and send the product. These websites take a small percent of whatever is sold, and creating an account is low cost.

Sell Photographs:

Buy a good camera and sell what is captured. There are websites that allow photographers to upload their photos and earn from them whenever a person downloads them. These websites provide percentage-share to the uploader.

YouTube Video Making:

YouTube lets their account holder earn from their videos. When people watch the video, the person who has uploaded it gets the profit from the company.

E-Book Writing:

Any person could become a book writer – thanks to the internet. Now, there is no need to have funds to publish the written work. From a cookbook to the first aid booklet, one could write and publish just about anything. Many e-book sites allow users to earn from their e-books.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Earning Passive Income - Complete Controller

One common source of income comes from a professional or registered job or business. Earning a lifetime profit on a one-time investment is called earning a passive income. It also refers to the income generated from passionate efforts. Most people earn this by utilizing their natural skills. Suppose you have an interest in app development or cooking. In this case, you will first visit multiple websites and channels on the internet. You will start learning tips and tricks and learn how to exercise your talents practically to further develop your interest. It is human nature to be curious and explore subjects that interest you.   Check out America's Best Bookkeepers

Our hobbies and interests encourage us to learn something new. Multiple platforms exist on the internet where we can become a solo entrepreneur and generate passive income. The journey from initially learning to creating a self-made business is the path to earning a passive income.

This income is the best source to balance your financial circumstances. According to CNN Money, around 44 million US adults desire to make more money than their regular jobs, and nearly 36% of Americans become successful in making 500 extra dollars monthly.

The public’s interest in making passive money is increasing, and its scope is rapidly broadening every year. However, many Americans remain ignorant of this potential. They even believe “having a side hustle” is a useless practice and a wastage of time. That is why you must be smart when spreading awareness about passive income and earning money. Check out America's Best Bookkeepers

Your passive income depends on your capacity to work. There is the guarantee of a refund at the initial level but, with time, your talent will develop. For example, you are a newbie in the blog or article writing field and do not handle clients. You write your first blog and send it to the customer. Your article may be initially sent back because you could not meet the client’s requirements. You will then learn and find solutions. In the end, you will use this lesson to progress and take on more clients and earn more income, or you will abandon the field and eliminate your chances of succeeding.

There are multiple strategies and ways by which you can make passive income that is relative to your income standards.

One option is to use your spare bedroom or floor as a space to rent out to travelers or housemates. This will allow you to earn long-term passive income. This is done by leaving one portion of the house for yourself and renting the other portion out. You must have your tenant sign a legal agreement and decide a specific amount for rent. Here, this one-time investment also means you do not need to purchase a separate property but can use the home you already live in. Check out America's Best Bookkeepers

Another option is the peer-to-peer lending process. Various companies, such as Lending Club and Prosper, provide investors with different productive offers to realize the best passive income earning source. According to Financial Samurai, investors get 10% of the returns on investment within a year, generating passive income from companies. Additionally, the competitive rates offered are what attract consumers.

Do you have an interest in photography? Consider selling stock photos as a way to earn passive income. Photography is a hobby that allows us to preserve infinite memories. Additionally, it is a way to tell a story without using words. People love to have photos of their choice displayed in their house. This interest can help you earn a profit if you have a talent for it. The high scope of demand makes this domain of stock photography a big market.

Passive income is not an illegitimate way of earning money; it is done through passionate efforts. Consider using your skills, talents, and interest to earn supplementary income for you and your family.

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Get You a Raise - Complete Controller

There may come a time in life for the financially responsible adult to increase your income. You may need more income to make a large purchase, save for emergencies or retirement, or due to unforeseen financial hardships, making it challenging to make ends meet. Whatever the reason, you may be contemplating asking for a raise to increase your income. For some, asking for a raise is easy, and it is difficult for others to do it for others. Here are five tips to get you a raise and increase your income. Check out America's Best Bookkeepers

Protocol Awareness

The first thing you need to be aware of is the company protocol on asking for a raise. Some companies may not have a specific protocol, while others may have salary increase procedures to follow if you are looking for a raise. In the past, employees would set a meeting with the boss, ask for a raise, and lay out the reasons for a simple verbal presentation. In today’s corporate world, some offices have channels that are gone through to gain approval and increase income. Make sure you are aware of the protocol before you approach anyone about a raise.

Timing is Everything

Figuring out the right time to ask is similar to protocol awareness. In some companies, they only consider increases in salary during yearly evaluations. They consider it for all employees and will award increases according to job performance and employee evaluation. You may not have to wait for a specific time of year at other companies and can set the time to when it makes the most sense to you. If you can choose when to ask for a raise, make sure you set the appointment with the decision-maker when it is right for them and with plenty of notice. This attention to the timing can make a difference between getting the raise or having it rejected. Check out America's Best Bookkeepers

Be Realistic

While you should be aware of your worth and how that translates into being paid what you are worth, you also have to consider that asking for a raise is a business transaction. Suppose you ask for too much of an increase in your income that either the company can’t afford or is out of proportion to your progression, instead of negotiating. In that case, they may reject it altogether. At the same time, it is not unrealistic to ask for a little more than you want to give some negotiation space.

Be Prepared

Asking for a raise in some smaller businesses may be as simple as walking up to your boss and asking, requiring no preparation. However, in most companies, when asking for a salary increase, you have to be prepared to make a presentation as to why you deserve the raise. You should be able to show your value, what you bring to the table, and why this value deserves an increase in your income. If you are a hard worker, often the decision-maker knows your value. However, in some cases, your hard work is taken for granted, so if you are prepared with well thought out arguments of why you should get what you are asking for, your chances of securing a raise are increased. Check out America's Best Bookkeepers

Amount

Some may argue that you should ask for the exact amount you would like to make when asking for a salary increase. In some cases, this direct and specific approach will be successful. However, it is suggested that you give the decision maker a range of amounts. Some may believe this means the company would probably offer the lowest amount of salary in your provided range. First, if you make the lower end, what you are willing to take, or if it is an amount you were hoping for, you will increase your chances of getting the raise you want. Second, you could get more than you wanted if you give them this range of choices. Another strategy is to ask for a percentage or range of percentages of your current income increase.

Conclusion

Asking for a raise can be challenging unless it is built into your company’s performance reviews done yearly. Even though asking for a raise might make you nervous, the truth is, 100% of employees that don’t ask for a raise don’t get one. However, studies show that 70% of those employees ask for a raise get one if a person uses these tips.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Online Business - Complete Controller

There are many ways to earn online. Running an online business may just make you rich, provided you work hard and invest your time in it. Some of the most common ways to earn online are mentioned below.

Paid Surveys

One of the quickest ways to earn easy money online is through paid surveys. There are many companies that conduct market studies and will pay consumers for their opinions on their products.

This research, done through paid internet surveys, is of extreme value to the company conducting it. Because of this, they are willing to adequately compensate the participant for their time. Do a little research of your own and seek out these opportunities when available. Check out America's Best Bookkeepers

Freelance Writing

Another popular way to make money online is independent writing. There are quite a few places online where you can offer your writing services. There are even some websites where you are paid to write exclusive content. This option is great because you do not need to invest money or have your own website. In most cases, you even get paid the same day you deliver the project!

 

YouTube

YouTube is the most popular website to view videos on.  If you have adequate equipment to shoot videos at home, you have a chance to start a business or develop an existing one. Simply film videos on subjects you are knowledgeable about and upload them to the site. If your content generates an ample amount of traffic, YouTube will use your videos to promote ads, giving you a cut of the profit. There are plenty of tutorials to assist you in establishing your page and developing content. Check those out and start earning money as a YouTuber.   Check out America's Best Bookkeepers

 

Photography

If you like photography and take interesting pictures, there are many sites where you can upload your images and get paid each time someone downloads them. The great thing about this is that your photo can be sold many times, again and again. Uploading an adequate number of photos is a good way to earn supplementary income.

 

Reselling

Most of us have so many items that we do not need or use, taking up space in our homes and garages. Consider listing these items in the free market. You will be surprised at the money you earn! You can also sell new products. Buy these products wholesale (that way you can get a good discount) and earn profits on your sales.   Check out America's Best Bookkeepers

Advertising

There are many ways to earn money with advertising, for example, AdSense advertising. You can attach this program to your website or YouTube videos. You will receive a percentage of money each time someone clicks on the ads. Watch some tutorials to learn how to create a Google Adsense account and post ads on your blog.

 

Ads clicking

There are many free sites where you are paid to navigate and click on the ads. However, proceed with caution and make sure that you are not registering in places that are dedicated to swindling people. Be careful and make sure to sign up for only known and trusted sites. This is a way to earn a few extra dollars here and there, so do not expect to be able to supplement your income with this method.

 

Domain Purchase

Buying domains and reselling them is a lucrative business. Web sites or blogs are built, used for an amount of time, and then put up for sale. Domains are considered real estate on the internet because they work in the same way as when you buy a property. Similar to buying a house at a discounted price through an auction and then flipping it, you can purchase a domain and sell it after a period of time. Consider learning more about how to earn money with the purchase and sale of domains. Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Pay off Your Mortgage - Complete Controller

On average, today’s mortgage debt is a little over $200,000, which is 10% higher than during the housing market crash. For an investor, it can become challenging to decide between investing and paying the mortgage.

What is mortgage?

An individual buying a house after October 2015 will find in the documents a TIP (Total Interest Percentage), which tells them the amount that is required to be paid, which includes interest along with the original loan amount. Before October 2015, the term mortgage was known as a finance charge. Check out America's Best Bookkeepers

At the rate of 5% APR (Annual Percentage Rate), the $200,000 TIP loan gets more than 90%, which means that an additional $180,000 is required to be paid over the next 30 years on loan.

For example, a person whose funds are short of the $200,000 needed to pay the mortgage will be required to pay additional amounts. The additional amount will be the conventional way of paying $100 per month, which equals about $3 every single day. A loan over the 30-year plan will be cut short by paying $100 per month for 5 years, which will result in a saving of $37,000 in interest.

The question becomes: is it really possible to save $37,000 on interest in a 30-year plan with a contribution of $100 per month? According to past records, the answer is yes.

What is investing? Check out America's Best Bookkeepers

An investment can be risky as well as rewarding. The simplest way to make the investment most efficient is by using the diversified index. The Index investment is not a new concept. Instead, it could be seen being used before the start of the 1970s when Vanguard provided a fund like other S&P 500 (a portion of the stock market made up of 500 of the largest companies).  At present, there are a lot of alternatives that can track the S&P 500. The well-trusted investment alternative is the SPY stock, which is a low expense exchange-traded fund.

A good thing about index investing is that it is easy and can do better than well maintained mutual funds.

The histories of S&P performance can be checked to know how it performed earlier and how it can help in the future. Simple stocks or actively managed indexes might not be able to provide many past records.

From past records, the S&P has been able to give off a 10% return with 3% from inflation and 7% real return.

The rate of return is proportional to the time frame, which can be understood by reviewing past records. The S&P values fell dramatically in 1928 and then rose again in 1982; it took about 54 years to reach the same level. After a couple of years, the S&P showed a histrionic rise with few falls along the way. Check out America's Best Bookkeepers

It is impossible to be sure about what will happen to the S&P index after thirty years’ time frame. However, past studies have shown that there will be a rise in the investment giving a 10% return to individuals who did not sell it at an initial fall in the prices of S&P.

The benefit of paying the mortgage

A person looking toward retirement or looking forward to increasing the household income can be free of the mortgage soon. Moreover, there will be less things to worry about, as people are looking to retire; it is a relief to not need part-time jobs to pay the mortgage and to have additional time on hand.

The benefit of investing

The most basic advantage of investing money instead of paying off a mortgage is that a person is buying a liquid asset, which can eradicate the mortgage interest payment. There is no surety that the money will grow but the chances of earning on investment, according to past events, is very high. However, it is hard for the short-term investment to get impressive returns as it is hard for the market to adjust so rapidly. 

Using the data of the thirty years’ time span of the S&P 500 shows that on putting $100 every month, an individual is able to create a portfolio of $160,000 after 30 years.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers