This simple concept will significantly increase your income.
June 27, 2004 (Press Release) --
June 28, 2004 -- Have you heard the term COLA? Literally a "cost of living adjustment" (or allowance) clause. A clause built into an agreement which links wage or salary increases to changes in the cost of living during the life of the contract. Also termed an "escalator clause". Properly negotiate for this and watch your salary increase. The key to negotiating this clause is that the rate must be higher than the national inflation rate. Say you received a 3% raise. Did you really receive a raise? Not really. The so called raise was cancelled out since the average rate of inflation is 3% yearly. This means that you stayed exactly where you were before financially.
How do you beat this? Simply make sure that your raises are tied into a cola agreement and above the inflation rate.
Dr. Al Johnson is the coordinator of a business group that teaches people how to easily attract wealth and reach their goals. Additionally, Dr. Johnson is a managing partner of Maximum Reimbursement, a practice management company. He may be reached at 305-761-7643 or hypnodoc@hotmail.com
How do you beat this? Simply make sure that your raises are tied into a cola agreement and above the inflation rate.
Dr. Al Johnson is the coordinator of a business group that teaches people how to easily attract wealth and reach their goals. Additionally, Dr. Johnson is a managing partner of Maximum Reimbursement, a practice management company. He may be reached at 305-761-7643 or hypnodoc@hotmail.com
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