black people and money

The Reasons Why We Should Tell Friends What We Make

The Reasons Why We Should Tell Friends What We Make

By Ryan Velez

For some reason, why you may be willing to share how much you paid for a night out or how much your rent costs, a salary-related discussion is still considered taboo, even among friends and family. However, a recent article from Forbes shows how breaking this norm may actually be a positive move. This is not just to expose income inequality among gender or racial lines, but also for one’s individual benefit. After all, it’s easier to go to the negotiating table if you’re not naturally reticent to talk about salary.

Granted, when it comes to this topic, one can’t necessarily dive in, gathering all your friends and saying that it’s time to talk about what you earn and what you invest. Tact counts for a lot, and going in full-bore is more likely to alienate people than spark the conversation that you are looking for. As a result, it’s important to look for opportunities where this makes sense.

The next time you’re up for a raise or receive a job offer, instead of circumventing the number, the thing you’re talking about, why not just say it? This is how it would sound, “My boss approved the raise I asked for, and so now I’m holding steady at 80K. My goal is to be making six figures by the time I’m 35.” What does this do for your social circle? Well, it will allow for your growing comfort to spread to others.

It’s also every bit as important to determine why exactly you are shy about talking about your salary. If it’s a matter of not making enough or not having anything stashed away, that is one fear that you need to remedy rather than ignore. “One of the very reasons for opening up about your finances is to better understand your value and figure out a way to get paid what you’re worth if that’s not already happening,” explains senior editor of The Muse, Stacey Gawronski.

“At the end of the day, we should be pushing each other to make sure we’re making smart financial decisions for ourselves, and salary is an obvious part of that.

Again, I’m not saying that you or I should send an email announcement with a screenshot of our latest pay stub, but there’s a big difference between constantly evading this major figure in our lives and dropping it into every conversation,” she adds.

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