💰You're probably overlooking this at work

read time 2 minutes

Hi there,

When I was younger, I thought the only way to make more money at work was to get a raise. And while increasing your salary is important, there's something a lot of people overlook.

The money and benefits their employer is already offering them.

Think about it. You could spend months negotiating a $5,000 raise while ignoring thousands of dollars in benefits you're already eligible for. And with open enrollment happening at many companies right now, it's a good time to take a closer look.

Here are five things I'd check:

1. Your 401(k) match.

If your employer matches retirement contributions, make sure you're contributing enough to receive the full available match. That's additional compensation you don't want to miss.

2. Your health insurance.

An employer with a good health insurance plan can offer a lot. Compare deductibles, out-of-pocket costs, and coverage to find what makes the most sense for your situation.

3. Your HSA eligibility.

If you have a qualifying health plan, a Health Savings Account can offer valuable tax benefits. You can use it for eligible medical expenses, and some accounts even let you invest your balance.

4. Your FSA balance.

If you have a Flexible Spending Account, check your remaining balance and your plan's deadlines. Depending on your employer's rules, unused money could be forfeited.

5. The benefits nobody talks about.

Tuition reimbursement, professional development, commuter benefits, wellness programs, and employee discounts. You might be surprised what's available.

Here's something I've learned about building wealth.

It's not always about finding another way to make money. Sometimes it's about taking full advantage of what you've already earned.

So before the year ends, spend 15 minutes reviewing your employee benefits. You might find opportunities you've been overlooking for years. And unlike a raise, you may not even have to ask your boss for them.

Using my affiliate link helps support my team and I to create new content for you every week. Thank you! 

- Milan and Team

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