Warren Buffett is practically a household name, and the Oracle is famous, mainly, for one thing— his wealth. While there were famous investing techniques that helped him get where he is today along with his conglomerate Berkshire Hathaway, chances are the octogenarian wouldn’t have quite as much of a following if he wasn’t a billionaire, currently valued at $71.2 billion.
Being famously rich can’t be half bad, but one thing Buffett definitely has to deal with is constantly being in the limelight and bombarded by questions. Lucky for us, Buffett has shared a lot of insight and advice through interviews and public events.
Even though Buffett is a billionaire, it’s important to remember he wasn’t born into it. Childhood Buffett had a multitude of ways to make money, and by the time he was 16 he had earned over $50,000. For a lot us, that seems pretty unattainable, but Buffett has some simple advice to boost your income:
Ask for a raise.
Buffett is a huge supporter of knowing your self worth, and that goes hand in hand with why he believes you should ask for a raise.
“Write down all of the reasons why you believe you deserve a raise. Some of the things which will be important to demonstrate are reliability, honesty, and dependability. You might also be able to demonstrate that other people are being paid more than you for the same service. Then, go visit your employer and present your case. The better prepared you are to present your position, the more likely you will be successful.”
Warren Buffett has plenty of other interesting pieces of advice to help you follow in his footsteps, but the moral here is don’t settle for less than you’re worth. If Buffett did, where would he be today?