There’s one hustle that’s so good that everybody should do it. You can do this hustle every year to maximize your income. It’s even socially accepted that you’ll do this. So what is it? This is honestly the best hustle ever.
It’s asking for a raise from your current job. So many of us never do this and many of us don’t have the luxury of a job where you automatically get raises linked to inflation.
Let me paint a picture for you of the guy, we’ll call him Bob, who made $45,000/year who didn’t ask for a raise. His boss was a bit of a jerk and didn’t automatically grant him a raise inline with the cost of living. This went on for three years.
After three years, Bob was stunned to find out that his salary of $45,000 had the equivalent buying power of only $41,181.37. It’s as if he was giving away money rather than just earning the same amount as three years prior!
Bob decided to address this with his boss. But rather than arbitrarily ask for a $1000 raise like most people would, Bob did a little research and found that the Consumer Price Index (a good measure of what inflation costs us) was 3% for the previous three years. He used this to calculate that 3% of his current salary would be $1350. And then he went to his boss and explained that the cost of living had increased by 3% per year for the previous three years and could he have a raise that matched that.
Of course, Bob would use this tactic the next year too. Go ahead and try and be a Bob yourself. It’s one of the easiest and most rewarding hustles you can do.