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First off I have to say that this is possible. I’ve personally done this over the past three years and I don’t think it’s as crazy as it sounds. Here are some of the tips I’ve picked up along the way: 

1. Kick ass. Aim to be the best in whatever you are doing. I graduated with a business degree and started with a furniture company fixing orders that had gone wrong. It was boring, painful and unfulfilling. But if you do the best you can, you’ll soon be taking over more fulfilling tasks. And oddly enough, more fulfilling roles seem to come with a bigger paycheck.
2. Find the right line of work. My first gig in customer service wasn’t a high paying line of work. So I looked into different areas that were lucrative and interesting. These days health care, sales, finance and tech offer some of the best paying jobs around. But of course, owning your own company is the only way to go if you aspire to be truly wealthy. 
3. Get smarter. The more education you have the more you’re worth to the company. See if they’ll pay for the courses and if not, find a way to pay for it yourself. You’ll have the knowledge for the rest of your life, in fact education is probably the best investment around.
4. Move around. The days of staying with a company for your life are long over. Unfortunately, a 5% raise every year is going to get you nowhere. So look around at other companies and in other departments. You’ll often get your biggest raises by leaving the company you’re with. My first move to a new company came with a 48% raise.
5. Always take on a challenge. If something comes up, say a maternity leave or a tough new project, get in there and offer to help out. You’ll often surprise yourself with your ability to excel and your superiors will take notice.
6. Dress up a month or two before bonus time. The highest turnover rates are after bonuses. Everyone waits for the payout and then leaves for greener pastures. If you dress as though you are going to an interview every now and again it’ll keep managment guessing and hopefully they’ll bump up that ‘ol yearly bonus/raise.
7. Ask for it. Find out what you’re worth in the market by asking around, going to interviews and exploring the web. Once you know, go ask for it. No one’s going to hand you a shiny apple just because you’re swell. You’ll have to ask for it.

All of these have helped me double my salary in the last three years. Leave a comment and let us know what you’ve found to be the most effective way to get a raise.

And remember, pursue a business/career that you love, but make sure you don’t devote your life to it. There’s too much in this life to enjoy and you can’t do it if you’re caught up in meetings or in front of a computer for the best years of your life.

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