How to negotiate and improve LGBTQ incomes
Find out how to improve LGBTQ incomes on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
3 ways for you to advocate for yourself and increase your income
In a 2023 study conducted by the Center for LGBTQI+ Economic Advancement and Research, 57% reported a household income of less than $50,000 compared to 36% of the general population. Only 13% of LGBTQI+ respondents reported incomes over $100,000 compared to 34% of the general population. So, what can we do to even the playing field and improve our incomes in the LGBTQI+ community?
On this episode of Queer Money®, we explain three ways to advocate for yourself with your boss, encouraging you to know your worth and get in front of your supervisor regularly. We describe the power of negotiation in a job interview setting, sharing top resources for learning to negotiate and challenging you to negotiate a fair salary and other benefits.
Listen in to understand the benefit of networking with other queer folks in your industry and learn why you should be willing to walk away from a situation that’s not working out!
Listen to get insight on how to improve LGBTQ incomes
Topics covered on how to improve LGBTQ incomes
- Why LGBTQ+ individuals typically earn less than the general population
- Why higher education doesn’t always mean higher income
- Diversifying your income streams vs. relying solely on your W-2 income
- Three ways to advocate for yourself with your boss to increase your income
- Resources for learning the art of negotiation for job interviews
- Why it’s crucial to do your homework prior to a job interview
- How to negotiate a fair salary and other benefits (e.g., healthcare, flexible work schedule, etc.)
- The benefit of networking with other queer folks in your industry
- Top LGBTQ+ networking organizations in finance, tech, real estate, etc.
- Being willing to walk away from any situation that’s not working out
Resources on how to improve LGBTQ incomes
- Why LGBTQ Banks and Investments Keep Failing on Queer Money EP462
- Center for LGBTQI+ Economic Advancement and Research on LGBTQ-economics.com
- The Economic Case for LGBT Equality on Queer Money EP323
- Thiel Fellowship.org
- Why LGBT Folks Should Become Trades Workers on Queer Money EP317
- Salary.com
- Glassdoor
- Payscale
- Best Places.net
- The Art of Negotiation on Coursera
- Never Split the Difference by Chris Voss
- Getting to Yes by Roger Fisher and William Ury
- How I Grew a $3M Portfolio with Dividend Dream on Queer Money EP432
- Out in Finance.org
- Lesbians Who Tech.org
- National Association of Gay & Lesbian Real Estate Professionals on naglrep.com
- Reaching Out MBA.org
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on how to improve LGBTQ incomes
Previous 3 Podcast Episodes
- How Taxes and Social Security Will Affect Your Retirement
- How I Secured $11 Million for My Start-Up
- How a Robo-Advisor Can Help You Invest Like a Pro
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.