Best way to turn down a promotion you’re not ready for?

I am meeting with my boss about a promotion I plan to turn down. I know I am not ready for it and need some time to get a little more situated in my current role before I commit to something else.

The thing is, I would like to eventually have a promotion like this one but at this time, I would burn out almost immediately.

How can I properly voice my concerns and the reasoning behind my decision?

I want to keep growing and continue to contribute but this is too large of a leap and I dont feel that I am the right person today.

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