Episode•June 6, 2023•18 min

How To Make More Money In Your Career - Tried and True Strategies For Success | Ep. 235

Are you feeling stuck in your current job? Want to make more money but don't know where to start? We get it. Join us for a conversation on how to upgrade your career and make more money! Together, we'll explore ways to gain certifications/degrees, network, get mentorships, take on extra responsibilities, build a career toolkit, and keep learning - so you can be well on your way to earning what you deserve! Don't wait any longer; listen now, and let's jumpstart your journey together. Every Tuesday, Tiffany answers one of your submitted questions. To submit a question for an upcoming episode, visit here: https://www.moneytalkwitht.com/asktiffany Visit my website: moneytalkwitht.com Links and Resources Harnessing The Power Of Intrapreneurship To Take Your Career To The Next Level How To Become a Better Negotiator So They Can't Say No This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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Key Takeaways

1
Acquire targeted certifications or degrees to increase earning potential
Ask your employer to sponsor relevant certifications (e.g., electrical certification for an electrician)
Certifications can open doors to side work and promotions
Example: HR certification helped Tiffany advance in corporate roles
2
Networking and mentorship accelerate career growth
Conduct informational interviews via LinkedIn or personal connections
Seek mentors who are invested in your success, not just willing to help
Mentorship helped Tiffany navigate corporate environments effectively
3
Adopt an intrapreneur mindset by taking on extra responsibilities
Volunteer for projects and committees to increase visibility
Treat your role like a business you own
This approach often leads to recognition and rewards
4
Build a career advancement toolkit to showcase value
Keep a running list of accomplishments, feedback, and awards
Articulate how unrelated experiences (e.g., volunteering) translate to your role
Use this data to strengthen salary negotiations
5
Commit to continuous learning and upskilling
Stay open to new information instead of assuming you know everything
Leverage emerging trends like AI rather than resisting them
Identify skill gaps (e.g., sales) and actively fill them through books, courses, or practice

Intro

Tiffany answers a listener question about how to earn more money in their current career, whether as an employee or entrepreneur.
Tiffany is the host of Money Talk with Tiff, a financial coach and former HR professional who shares practical career and money advice.

Website Submit a Question

– Certifications & Degrees

Tiffany recommends pursuing certifications or degrees aligned with your field. She shares how a client got their company to sponsor an electrical certification, enabling them to earn more both inside and outside the company.

If you just did a little more extra to get a certification or a little more extra to get a degree behind your name, it actually can make you more money.
– Tiffany

– Networking

Networking is crucial for advancing your career faster. Tiffany advises reaching out to friends, family, and LinkedIn connections for informational interviews. One student landed a Disney internship this way.

It doesn't matter how old you are, get out there and network. It can open the door for new opportunities for you.
– Tiffany

– Mentorship & Coaching

Tiffany credits much of her rapid career progression to having a mentor who coached her through corporate navigation. She emphasizes finding mentors who are genuinely invested in your success.

Mentorship is, I consider it crucial to career success or business success.
– Tiffany

– Intrapreneurship & Extra Responsibilities

Taking on extra projects and committees increases visibility. Tiffany links this to the concept of intrapreneurship—treating your job like your own business—which often leads to rewards.

– Career Advancement Toolkit

Keep a record of accomplishments, positive feedback, and recognitions. Use this data during reviews and negotiations. Tiffany always received top raises by clearly showcasing her value with documented wins.

When it comes time for the annual review... I knew exactly what I did and I showcased my value.
– Tiffany

– Negotiation

Research market rates and prepare your case using your accomplishments and skills. Tiffany has a detailed article on negotiation strategies linked in the show notes.

– Continuous Learning & Market Trends

Always stay learning. Tiffany encourages leveraging trends like AI instead of fearing them. She also stresses identifying and filling skill gaps, such as improving sales knowledge through books.

The person that knows that thinks they know everything knows nothing at all.
– Tiffany

Resources

Topics

Career GrowthSalary NegotiationNetworkingMentorshipCertificationsIntrapreneurshipContinuous LearningPersonal BrandingProfessional Development