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Negotiate Your Future:  Why Paying Attention Now  Will Pay Dividends Later Dr. Kate Duttro University of Washington Career Services, SMA/UWCC
Kate’s Iceberg Model of $$ Issues ,[object Object],Health Insurance Inflation Company Rightsizings Gender Earnings Gap Cost of War Divorce/Death of Spouse Influence of External Feedback Victimhood Gaps in Work History Earning/Debt Ratio Part-time Work Good Girl Behavior Noble Poverty Prince Charming Lack of Retirement Savings Lack of Career Plan Imposter Syndrome Serving Others First Bag Lady Not Asking Single-Parent Families 2-Earner Families Child/Eldercare Self-Esteem Issues Discrimination Fear/Ignorance of Money Management Job Migration Debt & Bankruptcy Widow Poverty
Career planning with awareness of future financial issues can help you achieve an eventual retirement.
Average Earnings After  40 Years Working Women ($818,840)  Men ($1,289,840)
Return on One-time Negotiation If each receives 3% raises each year, and neither negotiates again, salary gap = $15,373 ($76,870  Woman  vs $92,243  Man ) at age 60. But his total earnings in 38 years = $361,171 more.
Compounded Interest If the man had banked the difference each year in a 3% bank account, at age 60 (38 yrs), he would have $568,834 more
Saving & Compound Interest Effect of saving $100-150-200 monthly over 40 years.  (Note different interest rates.)
Why Do You Need So Much? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Traits Associated With  Low Career Earning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internal Barriers May = Mixed Messages About Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Take Control of Your Career ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Negotiate For Your Future

  • 1. Negotiate Your Future: Why Paying Attention Now Will Pay Dividends Later Dr. Kate Duttro University of Washington Career Services, SMA/UWCC
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  • 3. Career planning with awareness of future financial issues can help you achieve an eventual retirement.
  • 4. Average Earnings After 40 Years Working Women ($818,840) Men ($1,289,840)
  • 5. Return on One-time Negotiation If each receives 3% raises each year, and neither negotiates again, salary gap = $15,373 ($76,870 Woman vs $92,243 Man ) at age 60. But his total earnings in 38 years = $361,171 more.
  • 6. Compounded Interest If the man had banked the difference each year in a 3% bank account, at age 60 (38 yrs), he would have $568,834 more
  • 7. Saving & Compound Interest Effect of saving $100-150-200 monthly over 40 years. (Note different interest rates.)
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