Introduction Most people grow up believing that the only way to earn money is by working harder, putting in longer hours, or climbing the career ladder. But the truth is simple: time is limited, and relying only on active income keeps you stuck in a cycle where your earnings stop the moment you stop working. The truly wealthy follow a different path. They focus on building assets—systems that continue generating income even on days when they are asleep, traveling, or simply taking a break. These assets work silently in the background, growing, compounding, and multiplying. If you want long-term financial freedom, you must build income sources that don’t depend entirely on your daily effort. Here are the most powerful wealth-building assets that help your money grow 24/7. 1. Stocks That Pay Dividends Dividend-paying stocks are one of the simplest ways to build passive income. When you own them, you don’t have to do anything extra—these companies share a port...
Introduction Asking for a salary hike during an appraisal can be a nerve-wracking experience. Many employees find it challenging to broach the subject, fearing potential awkwardness or rejection. However, when approached thoughtfully and strategically, requesting a salary increase can be a successful endeavor. This article will guide you through the process of asking for a salary hike during your appraisal, helping you build a compelling case and present it with confidence. 7 Ways to Ask for the Salary Hike During Appraisal 1. Research and Preparation Before approaching your employer about a salary increase, it's essential to conduct thorough research. Look into industry standards, salary trends for your job role, and the average compensation in your geographic location. Websites like Glassdoor, Ambitious Box, and LinkedIn can be valuable resources for this information. Next, reflect on your achievements and contributions to the company since your last salary review. Prepare a list...