How did you reach your ~₱300,000/month or more income?

[hope088]

According to this study the ideal annual 1-person income for life satisfaction in South East Asia is $70,000

Forex
Annual Individual Income
Monthly Individual Income

null
$70,000
$5,833.33

$1 = ₱50.00
₱3,500,000
₱291,666.67
$1 = ₱56.29 ₱3,940,300 ₱328,358.33

In the spirit of this thread on "What made you reach the 6 digit mark?" how did you earn more than ₱300,000/month?

 

[ccm500]

@hope088 I have one job, $140k annually working for a US based company while staying in the Philippines. Before that, I worked for another US based company in the software consulting/support industry. Stayed in my previous job for 8+ years with great mentors, supportive management, and equally great and supportive colleagues. Having been exposed to many different issues from different companies which gave me tons of relevant experience. Around the last year of my tenure, I felt that being in an "on-call" position wasn't good for me in the long run as I'm getting older and the tickets were getting a bit too easy most of the time that I wanted some challenge. Luckily I got hired by another US company for the big bucks.

Having said that, this is why whenever I read posts in phcareers on what fresh grads have to do to reach the 6 digit mark I always try to mirror it with my experience - get a good mentor or a team of mentors, managed by supportive leaders, surrounded by like-minded individuals in the team (can't do away with some bad eggs but it's fine). Getting relevant experience in your field and understanding the nitty-gritty details not just surface-level. Finally be challenged, if you're feeling like everything is just a breeze then it's time to move on to another company.

 

[reyma]

@ccm500 Sage wisdom. Thank you

 

[taketime]

@ccm500 I hope you can mentor us can I DM you from time to time hahaha

 

[ccm500]

@taketime dunno if i'll be of any help kasi hindi ako dev hehe

 

[littlepinkmitten]

@ccm500 I'm curious if you're still paying taxes here

 

[ccm500]

@littlepinkmitten You need to pay taxes. Can't stress that enough. Pero I just want to dispel the myth na if hindi ka nagbabayad ng tax ay hindi ka din makakapag-loan or makakapag-abroad (leisure).

 

[resjudicata]

@ccm500 How do you pay your taxes? Kasi diba pag employed ka offshore company w/o ph office, di ka nila iddeduct ng tax ofc. So panu un?

 

[ccm500]

@resjudicata My accountant handles it. Can't go into further details.

 

[zuko]

@ccm500 Diba required ang tax return to process travel visa? Last time I checked.

 

[ccm500]

@zuko I just came from got a Schengen Visa without providing ITR during my Visa application. Also got my Visa (10yr ME) without providing an ITR. Went to again no need for ITR. Again pay your taxes but its a myth na kelangan ng ITR to go abroad.

 

[zuko]

@ccm500 What document did you submit in lieu of ITR? Did you process visa yourself or thru an agency? Genuinely curious kasi pending pa ang 2306 ko from my previous employer at baka matagalan pa.

 

[ccm500]

@zuko Bank statements and certificate. Proof that funds is not going to be an issue when I'm abroad. This is NOT show money.

 

[clothedingrace]

@ccm500 Whats the line of work?

 

[porkandbean]

@ccm500 did you focus on dev, cloud or anything in particular?

 

[2tim_215]

@hope088 TL; DR I have 2 jobs (remote + traditional) that both pays 6 digits

I reached 6 digits when I was still a working-student, full-time Virtual Assistant. My initial designation was Admin Assistant with 22k (450 USD) starting salary. In less than 2 years, I was promoted to Operations Manager, that is when I reached 100k (2k USD). When I passed the Bar Exam, I informed my client that I will leave the job to focus on my legal career. He convinced me to stay by doubling my salary. Currently, with my remote job as a VA, I earn 200k (4k USD).

I also work as a Corporate Lawyer at my father-in-law's business, 110k + benefits. My friends told me that this is "presyong pamilya" but it's fine since he allows me to work anywhere, and I just need to go to office for emergency and board meetings.

 

[cgnet]

@2tim_215 If you don’t mind, where did you find your client for the VA post?

 

[2tim_215]

@cgnet I used Onlinejobs.ph. Try also the other platforms mentioned in r/BuhayDigital

 

[lashan]

@2tim_215 This is so inspiring. Gusto ko din po ung path ng career nyo and wishing to land on an offshore client rin po. Salamat po sa insight. ^_^

 

[jameskc]

@hope088 Swerte lang haha. Took a risk and got my MS in Data Science, worked for a US company, in an industry na nag ppoach-an lang mga tao (no I won't tell u which one) so ending, in demand ako+skillset with employers willing to pay top dollars while living in the PH. Yung kicker? Day to day swerte na kung abutin ako ng 8 hrs sa work. Madalas 5 to 6 lang.

Last week I was literally paid to go to the gym and watch Valorant Copenhagen kasi walang need gawin or if may pumasok man na task, I can easily do it in an hour or two tapos after 1 week ang agreed delivery time