A $70k raise? This is how.

Hi Sheconomist Insider 👋 It’s Thamina, Founder of The Sheconomist. This is your bi-weekly dose of celebrating the female economy where I help ambitious, purpose-driven women like yourself flip the script on money, career & wellbeing conventions so you can live life on your own terms.

TLDR:

• 🫶 Gratitude during family emergencies

• 🎙️ A very honest and raw podcast episode you HAVE to listen to

• 💰 The script I used to negotiate a $70k raise

• 💜 Meet Adriana Carvajal, full-time creator & entrepreneur

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🧪 Freedom Formulas

This section is called “Freedom Formulas”, so today I wanted to talk about the type of freedom I’ve been so freakin’ grateful for over the past few weeks.

If you follow me on Instagram, you know it’s been a little more quiet there because over the summer, three family members were in the hospital, two with very serious conditions.

2.5 weeks ago, I flew home to Germany as one family member’s condition was seriously declining.

As of today, we’re still hoping they will be able to recover but everything is still very much up in the air.

But I am so immensely grateful that I am now in a financial position where I can book a flight to leave the next day, fly back to New York to weeks later, only to return to Germany 5 days later and put basically everything in life on pause without having to worry about paying my bills.

(and you know those NYC rents are NOT cheap.)

That is true luxury.

Spending the money does not matter. At all.

Being able to support my family with everyday expenses (groceries, takeout, small luxuries) not because I have to but because I can means everything.

I’m also luck that I’m working on a team with a strong “life comes first” culture.

I hit my sales quota 3 weeks ago, so nobody is adding any pressure right now. I can be 100% reactive at the moment and it’s still enough.

And even if I was working for a shitty company, I have enough money where I could just walk away and be fine without working for 6-12 months.

Lastly, having a supportive partner who supports any and all decisions I make who can also help out financially in addition to being there emotionally, has been a true gift.

I’m sharing this with you because while I do want you to have all the conventional luxuries in life, more importantly, I want you to be in a position where you can say no, enforce boundaries and worst case, walk away when people, jobs, or other environments no longer serve you and your loved ones.

Sometimes that does mean being a little more patient until you’re at a point financially where you can say F U and walk away.

But trust me, as someone who’s had a really challenging year overall, my financial stability has been a saving grace.

And if me sharing this very personal story with you is leading to you negotiating a job offer, asking for a raise, or putting more money in savings and investments, then it was already so so worth it.

❣️ Thamina’s Top Picks

💰 I talked more about financial stability and freedom on “The 20 Something Playbook” podcast - more vulnerable and honest life lessons

🎙️ One of my biggest role models sat down with one of the most gifted podcast hosts of our time for an incredibly honest and raw conversation - you don’t want to miss this one

🎁 My boyfriend gifted me this beautiful bag for our anniversary and I am truly obsessed with the color

🫶 This really resonated so deeply with me; if you are dating or in a relationship/marriage, I recommend you watch this

✨ This week’s Moodboard

Post credits go to Evolving Knowledge, Happiness & Co., alina, Tina ♡

💸 Cooking up Wealth

I got a $70,000 raise + $40,000 in equity (RSUs). Here’s the script I used to negotiate.