Use Fed’s Rate Hike as Fuel to Positively Ask for More

12162015 Marriner_S._Eccles_Federal_Reserve_Board_Building

Many people think that the Federal Reserve’s increasing interest rates for the first time since 2006 is a bad thing because it would induce inflation. I, however, think that this is a prime time to be proactive instead of reactive. I think that this is good time to position yourself for a raise. The interest rate hike is eating your paycheck and you will need more money to stay afloat. In addition, this rate increase has come at a wonderful time: the end of the year because you can take everything in your annual review, highlight the good parts and repositioning yourself to ask for a raise next year. There is positive in almost everything. Use this Federal Reserve rate increase to demand more out of yourself and your paycheck.


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