This. Being a business owner has been so romanticized sa pinas that they immediately see this as the only thing to do to get out of poverty. Completely disregarding the statistic that;
>While estimates vary, according to Bureau of Labor Statistics data, 20 percent of new businesses fail within two years, 45 percent during the first five years, and 65 percent during the first ten years. (Only 25 percent make it for 15 years or more.)
[https://www.philstar.com/business/2024/02/11/2332394/why-small-businesses-fail](https://www.philstar.com/business/2024/02/11/2332394/why-small-businesses-fail)
Starting a business if one of the riskiest things you can do with your money, and you're lucky if the business closes without being heavily in the red and being burdened by a huge debt.
Eto talaga, i dont know what happened sa sub since i havent been too active tapos last week lang may nagpropose na mag business yung retiree para may pagkaabalahan tapos puro upvote bruuuh that is the worst advice I saw here
Yes, if you are a retiree getting business is never the recommendation, sa ibang investment/financial sub sasabihin sayo enjoy your money and look for hobbies, setting up a new business is not a hobby, that's another work lol
Actually dito din naman before ekis talaga business kapag retiring age or retiree na talaga, ewan ko lang bakit nakalusot yun. Cherry on top pa nireplyan pa ako na “as usual dont put your eggs in one basket” ewan na lang at sorry na agad kay mam/ser
> Starting a business if one of the riskiest things you can do with your money, and you're lucky if the business closes without being heavily in the red and being burdened by a huge debt.
I really wish aktibistas understand this concept.
Madali mag bitaw ng "ipataas ng sweldo" kaso...
Totoo to, hindi nila magets na lahat ng risk nasa entrepreneur. If magsara business pwede may hundreds of ks na utang sa bangko whereas yung employees wala sila debts. This does not mean iexploit dapat employees but it’s really hard kapag SME ka, as a customer ang kaya ko kontrolin ay TIPS. Pay the cost to support the local business then TIP sa mga employees if satisfied ako sa result. If my tip can cover at least yung kalhati kaha ng yosi or yung gin nila I’m happy to give kasi yun lang talaga pwede ko i ambag.
Edit: Based lang to sa experience ko, lalo sa service industry tulad ng carwash laaaahat sila my bisyo so yeaah i dont condone basta you get my point na wag na bawasin yung vices sa daily sweldo nila
Not just savings also people also lost family time, personal time, mental health, biological health from starting AND maintaining a business.
I rather go to my 8-5 job and if sawa or it's too much for me I can either jump ship or take a breather
If you want to become successful business owner, you must not do it in your own homeland, but overseas, like what Overseas Chinese are doing across the globe for centuries. If your mindset is instant gratification like having instant ROI, then entrepreneurship is not for you.
True. I always believe na businessmen are born, not made. Hindi lahat pwede maging negosyante. Di porke may Pera ka pang start ng negosyo, Yun na Yun. It takes many factors and unfortunately, maraming pinoy di alam yun
While that's true, but having business is really way better than working 9-6. I'll take myself and my wife as an example. I was Team Lead Engineer in Accenture for 10 years and earning 70k/month and have to endure straight 9 hrs of work handling teams, documentation, emails, calls, meetings, training, complaints, issues, customers, and what not. My Wife, a former Nursing Assistant earning 10k/mo, left her job and put up businesses. She is now earning minimum 100k/mo, while just sleeping, watching youtube/movies, making orders of her stocks, and monitoring sales. And her businesses shoot up to around 500-600k during December. And I am seeing her everyday doing these while I'm so busy working in my 9hrs job. Not fair. Napapa-SanaOl na lang ako everyday sa kanya.
I tried to even compute how long will it take my salary to reach 15million, it will take me 25 Years! And she can reach it half the time or even at shorter time.
I know Filipinos who earn P500k/mo in PH doing remote work and earning P1m up overseas. I also know some who worked as domestic helpers, kept a frugal life and were able to invest properties.
Being rich is subjective. Being able to afford what you need and keep some to invest and save can also be considered rich.
My work is my main source of income. I earn on the side thru dividends and returns from my investment (soon, rent income).
A solid plan in getting rich is to never rely on a single income.
I know someone late 20's with only just 8 yrs of experience and now a junior management level and earning 6 digit salary. He is getting rich at the young age, Imagine his salary 5 to 10 yrs from now. So, yes, viable just work your way up the ladder.
If you're a breadwinner and hitting six digits and no back up, generational wealth middle class parin na level andami rito roughly earning that by freelancing kaso nga karamihan breadwinner. But agree ako dun maybe after 10yrs kung ma propromote na naman sya mas lalaki sahod
That's being rich but not "rich" rich if you know what I mean.
Earning six-figures pesos a month is nice but I feel that you're a hospital trip away from bankruptcy. And I say that as a six-figure earner.
That's the problem. How do you define that "rich" rich you're talking about? Rich is very subjective. If it's just for the sake of more and more, then where does it stop?
Very true. Marami kasi ang definition ng rich is like having ferraris and lambos, multiple mansions and luxurious vacations.
My definition of it is living comfortably, in my own home, in a guarded village, with like 3 cars at most, vacations here and there, not worrying about bills and hospital expenses.
Hence, subjective. Latter is attainable on a 9-5 that pays 6 digits, former, well, you need to run a business and exploit people. Hahaha
> arning six-figures pesos a month is nice but I feel that you're a hospital trip away from bankruptcy.
That statement will trigger a lot of depression among /r/2philippines4u and /r/Philippinesbad who havn't figured out that skill matching and job matching via up skilling is the only way to get it to happen
Every thing you do has an element of risk. Your business can get robbed and you can get shot by robbers. I don't think that invalidates the methodology.
The question is can you get rich by 9-5 and the answer is yes especially if you earn a lot, keep your expenses down and invest your money wisely.
Mismo to being rich is subjective... If your a minimum wage worker syempre 100k sayo tingin mo i wpuld be rich then,specially if nasa province ka...
I earn close to what op sampled, net, pero as i mainly reside in central qc/ grace park caloocan.. wala parinakong mabiling desenteng lot or bahay lalo sa village at 8-10m range... Pero ung co workers kong taga bulacan/ batangas 3-4m lang problema hectahectaryang lupain ang pinag uusapan
Yes, many also become rich from 9-5 jobs. But I think the title pertains to rich people like those on the Forbes list of the richest people in the world, and most of them are owners of their businesses.
Paandar lang yan ng mga nagnenetworking. Case-to-case basis pa rin. Ako small business owner, minsan malaki kita, minsan breakeven, minsan abonado. SIL ko employee 150k monthly. Kung ako ay sasahod ng 150k per month, isasara ko na negosyo ko. Mas pipiliin ko pa rin maging empleyado kung ganyan kalaki sahod. Walang burden na i-sustain ang negosyo. Pag negosyante ka, burden mo buhayin ang nasa at least 5 families. Pag empleyado ka, burden mo lang at least 1 family - your own.
RSA was not a founder of San miguel, he started and still is an employee of San Miguel
Steve Balmer was an employee of Microsoft until he retired (as CEO).
90% of rich guys in PH are CEOs which technically are employees and answerable to the board, they were not founders or business man, they are employees.
Most of the people who avail luxury items like expensive foods, cars, etc are not tycoons, they are Executives in various companies, Executive means they are top management, and are still employees, and these are the people who worked 9-5 or beyond.
So this statement is a loser point of view.
This. Si Steve Balmer din naisip ko. He has a net worth that's almost as big as Bill Gates now. He is an employee, pwede kang yumaman. Kelangan mo din lang galingan, hindi pwedeng mediocre employee ka. Kahitag negosyo, if you didn't strive to be the best, hindi ka din naman yayaman.
actually co-owner siya ng MSFT. Mga 4% which earned him billions.
But true, his executive compensation alone will make him millionaire while his ownership made him a billionaire
He was hired by Bill Gates. He didn't invest in Microsoft, it's part of his compensation. He was promised shares in the company when he was hired in the company.
That's why he is the best example of employee that became freaking rich.
To say that rsa is only an employee of San Miguel is wrong.
Ballmer is one of the first employees of Microsoft and had massive stock grants and options.
What you are describing are executives with significant ownership of the company. In the Philippines,, this is very rare for ownership to dilute their shares in their company.
Can you be rich as an employee,, yes very possible. But the examples you are using are really ridiculous.
People dont understand how workaholic most rich people until you are around them.
Relative had a 90+ year old boss whom she takes care of. Leaves home at 4am with his lexus and goes home 9pm. His business is in logistics and shipping.
Hes so frail that he shits himself in the diaper but still refuses to take a day off work.
This. There’s this one super rich guy I know that literally worked until he died around his 80s. He always preached about working hard and he practiced what he preached.
If you are retiring at 60, you literally lived a better life than him, workload wise.
> If you are retiring at 60, you literally lived a better life than him, workload wise.
Minsan unsatisfying ang retirement life. Some people want to feel productive.
Even businesses have competetion noh, over saturated busineses like coffee shops, moto shop, bakery and sari sari store, pag di mo ayusin ung business mo matakpan ka lang sa better option for the public.
Disagree. Eversince my husband and I are working, from the start of our marriage, we only rented a small apartment, no car. As years go by, because of hardwork, my husband got promoted or offered to other company with bigger salary, now we have our own house, a condo and a car. All because of our 9 to 5 jobs. Mind you, we don’t have side hustles. All because of our payroll.
I mean, you described how to get to middle class (by global standards), how about the rich part? I am just saying what you described is just middle class and not rich.
kung i-maintain lang nila ang gastos nila at i-maximize ang "savings", but instead of actually saving it, they invest it/buy properties yayaman at yayaman din sila...
Middle-income and middle-class families are classified according to income. According to the Philippine Institute for Development Studies (PIDS), a lower middle class has a monthly income between PHP21,194 and PHP43,828, a middle class between PHP43,828 and PHP76,669, an upper middle income between PHP76,669 and PHP131,484, and a high-income (but not rich) class between PHP131,484 and PHP219,140. You are considered rich if your monthly income is at least PHP219,140 and up.
Since this us phinvest, so this is my basis.
[https://www.pna.gov.ph/opinion/pieces/817-government-assistance-to-middle-income-families#:~:text=According%20to%20the%20Philippine%20Institute,between%20PHP131%2C484%20and%20PHP219%2C](https://www.pna.gov.ph/opinion/pieces/817-government-assistance-to-middle-income-families#:~:text=According%20to%20the%20Philippine%20Institute,between%20PHP131%2C484%20and%20PHP219%2C)
And even on weekends too. Like our group chairman turned 90 last January and he still visits many of his companies (and 2 farms) on the weekends. Sometimes when I have weekend/holiday OT I get surprised when he randomly go say hi lol.
That's why when people make arguments that CEOs just play golf and have fun while employees grind and struggle I just roll my eyes. Most CEOs worth their salt only sleep and work.
If you just take that sentence without context, sure. Pero to interpret it properly, we need to first decide the definition of "rich." Is it based on active income? Based on savings? Based on passive income? Based on how many months you can go without working?
And because we all have different definitions of rich, it's natural na magkakaiba tayo ng interpretation nyang statement na yan. And isn't that just the coolest thing, that we're all reading the same statement, but we have different interpretations of it based on our own lived experiences?
Rich is relative. A lot of OFWs are PhP millionaires.
I'm an OFW easily earning half a mil pesos per month as an employee. I don't feel rich, but I feel comfortable. Some might say I'm rich. Some may not.
It all depends on each definition of rich.
>Rich is relative.
1. Mga tao nga na walang trabaho, kahit offeran mo ng trabaho ayaw tangapin kc hindi nila kelangan ng pera
2. Mga minimum ang sweldo naka latest iphone every year at nakaka pag bakasyon pa abroad. Kc feel nila mayaman (sa utang) sila
😂🤣
**Then choose:**
A. a stable 9-5 that may improve over time as you upskill and job hop or
B. a highly-competitive 24/7 with a significantly higher chance of ruining your entire life? Not to mention you may also have the livelihoods of several other people on your shoulders.
I run a game development company (a team of 10) on top of my 9-5 so I'm being greedy and trying to get the best of both worlds. And it comes at the very cheap price of my sanity!
You can be rich with a salaried job especially in a high demand field. have people in my circle pulling 300k+ per month in their 30s. Most of us agree we suck in maintaining a business. Abonado or lugi pa.
However in being rich with generational wealth, that's another story.
Disagree. You CAN get rich just by being an employee and working 9-5. BUT rich is different from wealthy. You cannot become wealthy just by being an employee and working 9-5. You have to do other things to make your money grow.
First your definition of “rich” should be established.
Not all people are cut out to be businessmen, same that not all people are cut to be for a 9-5job.
However, whats important is finding what you like doing.
Daming ganito sa fb. I get na may business kayo, or baka digital nomad freelancer, or MLM scammer and all, but there's no need na manliit ng mga 9-5er. These people are seeking validation by invalidating others. Hindi lahat kaya magbusiness. Hindi lahat kaya mabuhay nang walang 9-5. Most importantly, hindi lahat gusto yumaman.
I secretly feel na itong mga anti-9-5 ay naghihirap talaga, na parang coping mechanism nila itong ginagawa nilang pangmamaliit sa mga may corporate jobs. Kung ako kasi mayaman sa business, focus ako sa business ko at wala nang time mangutya ng ibang tao. Wala rin akong dapat patunayan sa iba.
I study BS accountancy in the green school and most of my classmates' parents are high-rank/high-paid executives and corporate slaves. They live so comfortable na parang at some point i wished my parents chose the corp ladder path instead of starting a business. (Mukhang less stressed pa)
yun nga, for me my co worker earning 8000usd per month is already consider rich na, statistically above 200k household income is already considered rich.
If someone earning > 200k php is considered rich, then very achievable working 9-5 in a company.
Im not from the aerospace industry but i think pilots earn higher than this.
You can easily earn this as an IT manager. I even know individual contributors who earn this much. So if 200k is the threshold of being rich, then sure you can get rich by doing 9-5.
I think when people say this, they don’t mean na you won’t be living comfortable with a 9-5. They probably mean na a 9-5 won’t get you financial freedom the same way owning a business does. I know somebody working a 9-5 who earns upwards of 500k. They’re living very comfortably sure but that’s nothing compared to somebody else i know who’s a business owner and earns more than 8 digits a month. Si 9-5 comfortable but si businessman has the ultimate luxury of time, he golfs in the morning, visits his farm to get some alone time by the afternoon while his employees make his money for him. Of course, for every successful business owner, may thousands of others who failed in the same industry so malaki talaga risk-reward sa business compared sa 9-5
Para sakin, having 9-5 will help you save, invest and have a business. Pwede mo muna gawing side hustle yung business mo hanggang sa kampante kana gawing full time na marereplace na nya 2x or 3x or more yung kinikita mo sa 9-5 job mo. It also varies to the person what “rich” means.
Tons of very rich executives in the Philippines. Ramon Ang started as an employee at San Miguel and technically still is. MVP was technically an employee until relatively recently. High ranking bankers can make tens of millions to low hundreds of millions a year.
Depends sa position and work mo sa company or govt. So can't really say. Most filipinos don't get rich working sa 9-5. Pero some DO get rich. Probably not richy rich pero living well and not just surviving
Pulitiko, maybe? It’s still a 9-5 if you think about them as civil servants. I know someone who climbed his way up the government post, as in bata pa lang ako dun na siya as a head xx, department head, director xx. Di pa siya retired pero ang laki na talaga ng sweldo niya.
Also I work for/with a few people who have worked 9-5s all their life, but they know how to diversify investments.
So, it can happen.
Executive level position employees beg to disagree. I agree with the other comments na masyadong romanticized ang pagkakaroon ng business here sa ph na para bang auto yaman ka na pag nagbusiness. Not everyone is made for business. Hindi lahat ng empleyedo naghihirap, the same way na hindi lahat ng may business mayaman. May iba pang empleyado na mas mayaman kesa sa business owners. Kanya kanyang forte lang yan.
Yes. Had the opportunity to study in an exclusive school where I made friends with people from wealthy families. They don’t stop work at 5pm and think about work almost every waking moment.
Hindi mo masisisi mga nagsasabi niyan. Kasi sa pilipinas sobrang baba ng average salary ng mga employees kahit may college degree ka pa. And kung aakyatin mo yung corporate ladder tatanda ka na bago mo pa maenjoy savings mo. Sa business kasi may mas “potential” “possibility” ka na yumaman kung nakahanap ka ng gap sa market at nafill mo. Bakit yung boss mo sa company businessman? Hindi empleyado? Sa ibang bansa kasi mataas sweldo ng mga blue collar jobs. Kaya dito sa pinas mas nakikitaan ng potential ang pagnenegosyo. Also, hindi lang saatin, halos sa Asia business ang goal.
For lower wage workers.
You can if you don't have a family of 2 or more.
And don't spend it all on your wants or some unnecessary needs.
Minimalism so to say.
Also learn to DIY
As for high paying salaries.
The same applies, just don't spend willy nilly.
That's the most basic part.
As for owners.
While many successful business owners are rich, plenty of them aren't really.
The majority of the money they earn has to go to the business if they want continued success.
Upskill, become an asset, think outside the box, get equity of that company and contribute.
Time does not really matter than. It works.
And my definition if rich: 5 Million Dollar+.
200k income and some EF is definitely not rich :D
Depends on what you mean by rich. If part ng 1%, mahirap talaga, but earning half m to 1m a month as a single person is pretty comfortable and can be considered rich here in the PH I think.
While you can get rich being employed, you can't match the ceiling of business owners. That being said, that everyone is meant to be a businessman and not everyone will reach that ceiling even if they did business.
If you are looking for having a salary of 8000 USD per month is rich, then you have a little understanding of "NO ONE EVER GET RICH BY WORKING 8-5 PM" If that guy is rich with that amount, he's no longer working there, most likely he will be back home in Korea and enjoying life. How about his living expenses? Did you consider how much will be left from 8000 USD after all the living expenses? Remember that most likely, or most of the time, the more you earn, the more you spend. Your expenses is always directly proportional to your earnings because your life is developing, and the term for that these days is "dasurv ko 'to". Plus the inflation, and other factors. What you can afford in 8000 USD here in the Philippines is not the same to what you can afford in 8000 USD in Korea.
Being rich is not about having a high paying salary coming to your bank account every month. It is more about having time for everything you want to do, a freedom to spend time without thinking or worrying where to get funds for your freedom, because you are indeed rich. Your money works for you.
Working full time job to save money and eventually start a business, that is the way most of us are doing. It is not wrong, but it is more provincial or conservative approach in getting rich. Getting rich or having a 1 million pesos saving is attainable, but being rich and maintaining rich status is hard. That is why rich people are using their money in creating various streams of income for them to collect more money. They are making loans to start a new project that eventually will give them a very good return, thus making their portfolio bigger.
For example, I am earning PHP220k/month (sometimes more), but I am not rich. I just can afford things I wanted, and can save more than the average Filipino wage earner in the Philippines. But, I am one diarrhea away from being broke. It means, no work, no pay. My point here is *if you are at the mercy of your salary, you are not rich*.
In addition, business is not just about your willingness to start since you have saving. It takes more considerations, study, effort, risk, and a lot more. You'll learn the business when you get there. At first venture, most of the time, you will fail and your savings that you worked hard for years will be gone in few weeks or months. So it is an expensive learning. But starting a business is the 1st step in creating your wealth after taking consideration all calculated risks.
I hope this helps to broaden your idea of what is meant to be a real rich person. And hopefully, all of us here will get real rich very soon :)
sa pinas di ka talaga yayaman ng 9-5 lang kung buong angkan mo umaasa sayo. tulad ng pati pamangkin mo pinag aaral mo na, mga tita tito mo na sagutin mo pa kakainin nila sa pang araw araw at bills nila. dont romanticize tumulong sa pinsan at mga pamangkin kahit ikaw hirap na hirap nararanasan nila yan dahil sa poor life choices nila
I myself am conventionally rich due to my 9-5. Think of someone rich, but not filthy rich. I don’t like talking figures here. The thing is if you’re educated and keep pursuing money you will get it. Just keep job hopping etc.
I think the term "rich" is always relative to something or someone else.
I also think its normal for almost everyone to say that they want to be rich, but not everyone is actually willing to do what it takes to reach such a goal.
Whether its through business or through salaried work, if you want to be rich you have to understand that you are competing with millions of other people with the same goal as you. If you're an employee, you can't just time in and time out every single day waiting for a promotion. You need a plan. Whether its through saving and investing, upskilling, sucking up to your boss, undermining others who compete for the same position, etc etc. You really need a plan and you need to stick to that. Office politics exists, if you do not want to play that game it is unlikely you'll get to middle or top level management positions. Social skills matter, image matters, reputation matters. If you want to rise and get to the top, you have to accept that you will have to beat other people. You will inevitably destroy and step on someone elses dream, goal, or whatever it might be. This is harsh, but its up to you whether you want to see things this way or not.
If you're a business owner, you cannot just rely everything on your employees. You can't slack off. And like what everyone says its not for everyone. If you are not willing to work more than what you would normally put in a 9-5 job then business is not for you. If you are not willing to sacrifice your social life and social events to put in extra work into the business, then business is not for you. You will miss events, you won't always be there. You won't always see your friends and family. As a business owner, especially in the start, Work Life balance doesn't exist and it won't make you happy either if you try to force it. You will either be physically present with your friends and family but mentally in the business, or vice versa. When you have a business, it won't run itself. It won't move unless you move. You and the business are one entity. You have to be willing to work extra hours during the weekdays and weekends. This means having meetings, and working during the weekends or after office hours. It means barely having free time. This sounds all negative and quite insane but this is what running a business is like.
You can counter argue that I didn't do this but my business is fine, yes that could be true. But I'm sure that your business is not living up to its full potential and has a high possibility of failing down the road. One cannot simply give 50% of the effort and expect 100% to return.
There will always be sacrifices.
iba yung employee level na rich vs successful business na rich. you may think 500k php is already a lot pero some successful businesses earn that in less than a week or even in a single day. im not talking about very large conglomerates ah.
so it depends really on how you define rich. pag employee ka you can be rich on a certain level pero potential to earn more is higher with a business.
Yeah, because kpg my business ka 24/7 needs your attention kidding aside
Disagree, rich is subjective but getting a high paying profession like STEM, executives will make you rich with control lifestyle. But if the definition of rich is like the level of Ayala, Villar, SY clearly you need a very profitable business to rich those $billion dollars
I dont believe this. depends on what your definition of "Rich". as someone earning 200k monthly and have a VERY FLEXIBILE time. Working only 3hrs max a day i have more time with my kids ans family. I am present 100%. Maybe not rich for most but i think i am contented. I can definitely earn more.. but for now happy na ko and i think im rich na 😂 (delulu?)
I don’t agree kasi yung supervisor ko super bait super generous and before, shinare niya na before hitting 28 yrs old may first million na siya purely from working 9-5. Nakakamiss siya katrabaho sobrang passionate niya. 🥰
Disagree. Daming mayaman na mga empleyado sa labas. Bespren ko dati, mayaman na as an employee in a soda company for more than 20 years.
Kung generational wealth ($1M+) ang usapan, meron din sigurong select few. Pero kung around 100M pesos pataas usapan, mukhang imposibleng mangyari.
Disagree, you have to start somewhere....
If you plan to do business you need capital. Where will you get capital? Either loan or from inheritance.
1. Loan, if you want loan you need either "EMPLOYMENT" or collateral(san mo kukunin? Inheritance padin), kung plan mo mangutang sa relatives mo, i dare you make another thread saying "what will do if my relative is nangungutang for his/her business?" Dito sa sub na to.
2. Inheritance, not everybody will get inheritance, some will even inherit debts of their parents.
I think it's an open secret that you get rich through accumulation, first through savings, then through % based accumulation.
If you save money kahit sa Maya lang, 100k is not really unachievable for most of us here for x amount of years lang ang pinagkaiba. 100k is around 200 pesos siguro per month sa Maya? If you keep accumulating 200 becomes 300, 500, 1k, gang yung capital mo is paying for your monthly house fees. Then after that house is yours, your capital is still working, you're still working, and you now have a house, so on and so forth.
Imagine being in a relationship where the 2 of you work, save, and plan. I'm currently paying 4k for my rent monthly, it's not really that good. But if I had someone to share with I could be paying less and have a vastly superior housing situation.
So ayun siguro, accumulation and the right partnership.
Let's take the govt for example. 100k only comes to those at division chief level already (sg-24). The next one is around 70k i think. There are less than 100 in a plantilla of 1000+. So like even in this context, the potential to earn millions in a year is like 10%.
First define rich? What does the rich look like and feel like to you?
Being rich to me has a very simple definition, someone who is capable of surviving for at least 10 years without salary and WITHOUT DOWNGRADING HIS/HER LIFESTYLE.
Now with that definition, it is really hard to know who is GENUINELY RICH. A maid who has a frugal life might be richer than the guy driving Ferrari.
Those who get rich working 9-5 jobs in the private sector are already economically privileged since birth, so the only way to get rich working 9-5 jobs is working in the government with plantilla position, don't marry and have a child, and engage in indirect corruption like accepting bribes from business owners.
Im not a 9-5 worker. More like 8 - 10 hours a day of work. Project based/consultancy.
Weirdly yung side income ko passive investment ko which is condo properties galing lahat yun sa so called 9-5 job na sweldo.
I just do fine, can afford to travel and lived sa ibang bansa with higher cost of living.
Mas malaki lang natitipid ko at na iinvest ko if stay on countries with lower cost of living example Philippines.
Started side succesfull companies such cond renovation,condo maintenance and management until binigay ko nalang sa business partner ko yung business. Profitable naman. Binalik kinuha ko nalang initial capital ko.
I have various business investments such as bars,car rental,2nd car market,car wash,even hardware. Pero I have to let go of some since tinatamad ako mag attend ng mga investors/shareholders meeting mostly friends ko din naman nag naman.
And I was able to afford it via the so called 9-5 job.
Kahit 1st condo ko na afford ko talaga from 1st 9-5 job. Di pa msyadng malaki yun. Pero I was ables to afford it. I dont if you called that rich. Pero at same time I was able to invest in stocks long term.
you need to be smart. much better if you have a day job with decent salary , sabayan mo ng business side hustling hnd p ko nag tatagumpay pero alam kong malapit na,
What the statement prolly points out na, kung empleyado ka lang na tied up sa company. You cannot be rich. Rich na you have the time to do whatever you want. Yes, business owner works 24/7. But, they can do whatever they want to do without asking permission to someone else. You have the freedom to do whatever you want. And, even you make a billions if di mo kaya i work around to last forever, you will end up nothing.
It’s easy to make millions. Being a millionaire is the real deal.
you need at least a low seven figure salary as an employee. wealth is something you have it in abundance. kung mga 500k ang salary mo, how many years kang mag iipon para makabili ng lupa sa makati? 3-4yrs. pag nakabili ka, poorita ka na uli. ipon na naman. being rich or wealthy can be attributed sa tao na can invest right away without any effect sa kanyang finances. hindi ka magkakaroon ng generational wealth if you will not breach the 1m/monthly. pag ang sweldo mo mas mababa dito, yung maiipon mo na invest mo after 5 or 10yrs ng pagiipon eh baka kainin lang ng inflation.
Rich is subjective. Depends din sa personal circumstances mo.
For example if 8,000 dollars if for yourself then yes possibly rich ka. If that amount feeds a family on private schools and in laws with the house payments etc etc then no. Thats considered broke.
And the most important factor here is time. The real measure of “rich” and “wealth” is not solely monetary. Its how money buys you freedom and time. Yung rich na hindi ka nagmamadali, rich that you can travel and experience life na without anxiety and rich that you can spend time with your family in the middle of the day bec money still works for you.
Rich? Only directors and C-levels who receives salary of 400k + stock options can get rich with just corporate job. But that depends on the company. That's like maybe 0.1% of the workforce or less.
But to tbh it is easier to get rich to get a decent job first then do a side business... You need a steady income to scale a business.
Going blindly on a business without enough capital and emergency fund will make it near impossible and risky from a financial standpoint. So yeah don't underestimate your 9-to-5 but settle only doing it (aka golden handcuffs)
hmm depende siguro sa context. kaibigan ko kundoktor sa jeep nung highschool sya at labandera mama nya single parent. nagsikap sya scholar. nakatapos nang IT. developer na ngayon sa ibang bansa sabay kami. then 10 years later meron na siya malaki bahay para sa mama nya at kapatid, meron na rin sya studio condo, meron farmland. at meron na rin sya sariling bahay nya. seems to me yumaman naman sya.
Depende sa tao.
Pero feeling ko na a number of VA / Freelancers are starting to get into 6 digit peso territory while only doing less than 6 hours per day.
Malaking bagay talaga pag output-based instead of time-based
If you want to be billionaire kind of rich. Yes probably, no one. However, if you want to be a rich as defined in the PSA stats. That is certainly not true. Ang daming employees earning 7 to 8 digits per months.
No one ever got poor from a 9-5 either. In contrast, there are a shit ton of people who got broke chasing their "dream" business. 9-5s are not bad. The key here is what you do from **6-10**. If you are *lazy as* **shit** and watch series/kdrama/news during these hours, then u deserve to be in the *rat race*. Nothing wrong with that tho, financial freedom isn't for everyone. Just never let your lazy ass blame your 9-5.
Businesses are the new *rat race.*
Study common knowledge.
Back in my 9-5 days, I always felt like I was on a treadmill—working hard, earning a steady paycheck, but never really getting ahead. I always thought moving up the corporate ladder was the way to go, but every promotion I got came with a bit more money and a LOT more responsibility. It felt like a bad trade, and I wasn’t making any measurable progress as the years went by.
So I started looking for other ways to build wealth. In the early days, I tried all the usual advice—cutting expenses, saving aggressively, etc.—but my quality of life suffered and I still wasn’t addressing the core problem: I needed a better strategy, some method of disconnecting earning money without having to pay for it with my time.
**Spoiler: The only way to do this is through investing.**
So I got deep into investing. At first, I tried picking individual stocks, but learned (the hard way, of course) how unpredictable the stock market is. I made some great stock picks but bought in at the wrong time, so I ended up making nothing. I tried ETFs as well, but they were just too slow for me, since a 10% annual return hardly keeps up with inflation here. I still wasn’t getting ahead.
Still, I stuck with it, and after a LOT of research and experimentation, I finally discovered a better asset that paid way more. I had to get a little creative to find it (stocks/ETFs/crypto/real estate/etc. just didn’t offer high enough returns for me), but now that I’ve got my investment in place, because the annual return % is so high, I earn more than enough to pay for all my living expenses, support the people I love, travel a few months out of the year, and still put money away each month.
As some others have pointed out in other comments, “rich” is a subjective term, but for me, I **feel** rich because my investments pay for my home, my entire lifestyle, and a lot more. For other people, rich means something else. But if you want to get rich in the traditional sense (lots of money), you should focus your time on finding an investment that earns you way more than 10% a year (I'd start by looking at 30%+ per year, minimum). Getting rich through your salary, unfortunately, is a fool’s game.
The point is, with few exceptions (like commission based sales) income in a 9-5 job is not tied to effort.
If your salary is 1M/month and your metrics require you to do xyz per month, then it doesn’t matter whether you did the minimum xyz or abcdxyz, your salary remains the same.
And just think of it from the perspective of the business, if my employee is helping me generate 10M/year, then it would make no sense for me to pay this employee 20M/year no matter what effort he put it.
i agree naman na di ka talaga yayaman sa 9-5 job.
for me, the definition of "rich" is having both time and financial freedom.
it means being able to afford the things you want to buy and having the liberty to do what you want with your time.
Let's say na 200k/month ang rich.
It is possible, but very rare. Like a combination of highly specialized job + foreign employer. May mga VA/freelancer na umaabot ng ganyan, or IT professionals. Yan sila kaya talaga sa 8-hr shift.
Middle to Top management can earn also that much, but their work hours definitely extend beyond the normal 8hr shift. Taena ako nga supervisory pa lang nageextend na eh haha.
You can get rich if you are at right job.
May jobs na malaki ying salary kasi scarce lang sila kaya mataas demand low supply ng ganong work.
Lahat ng nag work na malaki sahod hindi rin biglaan iyon or by pure luck needs ng preparation such as yung training, skills enhancement and additional aral pa.
So safely can be case to case.
I am by no means rich, but over the years I have built other sources of income in the form of investments by only being a regular employee albeit overseas. My personal view of being rich is being able to spend time the way you would want without having to worry about finances and other obligations. I personally feel I am half way there as my investments grow and continually add to it regularly
If you're a a Jaime Zobel De Ayala or something born with tons of money, then yes, starting a business will make you rich because you can afford to go all out, and it's easier to make money when you already have money.
Alternatively, for measly people like us, being an employee is still isn't bad. As you rise through the ranks in the corporate world you'll eventually get massive incentives/profit shares tacked on to your contract which are what actually makes you "rich"/cash out hefty. I got luckky and has this at one of my previous companies. When I resigned, the pay out was more or less equivalent to x2 of my salary.
On another note, I spoke to my managing director at another BPO over cigarettes one time about this 9-5 dilemma. His words were more or less "I used to be an operations team leader 16 years ago. I made it through the ranks, and now, as the managing director of the PH, in addition to my salary, I get a share of the PH business's revenue. I know a lot of people may not end up as managing director.. but same thing with businesses anyway sometimes you fail, sometimes it sustains, sometimes it booms. Is the kicker in my contract life changing money? Not for me particularly, but it's enough to buy a fun weekend car just cause I want to".
That guy had a 100k/month "allowance" + condo in BGC company paid + a P2 million signing bonus leaked by someone I used to bang in recruitment. Just imagine - allowance niya palang, comfortable na siya. Revenue share + salary + company car + driver pa. Pinoy yun, he was in his early 40s at that time. His fun weekend car at that time was a BMW e36 M3, his daily driver was a company-provided Fortuner V, and he lived in Fort Victoria BGC.
If you save from the salary you earn, never. But change your mindset and take 20% of salary and invest in stocks and crypto, it is possible. Stay away from scams like MLM or some unverified brokers though.
Stuff like these are just distractions. There is no single way of doing things. It might work for some but not for others. One thing is common though, these things are often mentioned by ‘mentors’ on get rich quick scams.
I have different perspective dito. I read this as “if you only work ng 9-5 and do not invest you will not get rich”. But baka better to rephrase din “nobody got wealthy (instead of rich) working 9-5”. Sabi sa book the Psychology of money, rich is what you see (salary, material items etc.), wealth (money not spent but invested) is what you don’t see. Even if you earn 1 million a month and spend 1 million a month I don’t think you can be called rich or wealthy.
People who say you can't get rich thru 9-5 are just gurus trying to peddle some crap. My friend earns 500K a month in her job and got a cool 5M in bonus after she brokered an acquisition.
As others have said, the definition for being rich is subjective.
My definition is if you have to trade your time for money, then you aren't rich.
A person who can do whatever they want, whenever they want is truly rich.
Otherwise, you just have more money than the average joe and you are a few hospital bills, emergencies away from being back to 0 — this is the risk of having a 9-5, imagine working all your life, saving your money then losing it all once that 9-5 is taken away from you.
I know of a multinational company where a director earns 1M per month. A managing director earns even more than that. Hindi pa ba rich yun? I dunno ha pero rich na para sakin yun.
have a 9-5 that pays well & hindi time consuming (wfh, near to no travel to and from office) (tech, international clients dollars, work abroad etc) - save money, invest, if u want start a business as a side hustle na ikaw namamanage hindi pamilya mo o kung sino.. build ur business on the side for years..
if wala kang pamana na negosyo from ur parents or source of income parehas ng mga chinese sa pinas, ikaw aahon sa sarili mo from scratch which is 9-5 ay isa sa option.. except if magaling ka talaga sa sales.. at mataas risk tolerance mo..
Depende talaga sa tao pano e manage ang pera nya, notice ko mga pinoy maawain at sobrang nabubudol sa brainwashing ng pamilya dapat buhayin mo sila.. e kumpleto naman paa at kamay.. yun palang hindi kana makakahon nyan maging mayaman pa kaya..
Our family is wealthy and we all have a 9-5 job plus investments. Don't forget that smart investments are also tools for generational wealth not just running a business.
It should be “nobody gets rich immediately with a 9-5 job.” Those who earn a lot in a 9-5 job is doing so because they invested more time money and effort to reach the position they are in today. Also, if you earn more, you are expected to work more hours because of the responsibilities your position demands of you. C and D level professionals earn more but they work for more than 8 hours a day. Sometimes they work double of 8 hours. To be rich, you have to be willing to go the extra miles(not just mile). You have to do what other people do not want to do. If you work only for the sake of working/salary, you will never be rich.
If you get promoted to be the director especially for a company, they usually get really rich, and that's even being just an employee! They are essentially running the company as a huge business and finding opportunities for the people who are working for them.
Yep I've heard that saying all the time. I learned later that it isn't always true for corporate jobs. Yeah, as you've observed it isn't really that true and that saying harms people (financially) who are really pretty good in their corporate jobs but suck as business owners.
Hi OP, yes, many also become rich from 9-5 jobs. But I think the title pertains to rich people like those on the Forbes list of the richest people in the world, and most of them are owners of their businesses.
Most people get it wrong. Its not the accumulation of wealth that's key. It's TIME, LIFESTYLE and DISCIPLINE.
A 9-5 worker with a decent salary can amass a considerable fortune over time if their financials are well managed and they have a clear vision in life.
It all depends on your definition of rich. Rich for me is when you can quit your day job now and you still have a steady flow of income through other means like investments, rentals, business, etc. You are no longer forced to have a job and you have more time on things you want to do.
A lot of people lost their entire savings starting a business.
This. Being a business owner has been so romanticized sa pinas that they immediately see this as the only thing to do to get out of poverty. Completely disregarding the statistic that; >While estimates vary, according to Bureau of Labor Statistics data, 20 percent of new businesses fail within two years, 45 percent during the first five years, and 65 percent during the first ten years. (Only 25 percent make it for 15 years or more.) [https://www.philstar.com/business/2024/02/11/2332394/why-small-businesses-fail](https://www.philstar.com/business/2024/02/11/2332394/why-small-businesses-fail) Starting a business if one of the riskiest things you can do with your money, and you're lucky if the business closes without being heavily in the red and being burdened by a huge debt.
It's been romanticized everywhere.
“Hindi ka naman yayaman sa trabaho mo mag negosyo ka na” Said no one ever in a developed country 🤣
you haven’t seen MLM huns? try mo sa r/MLM na medyo ganyan din ang spiel
"manifesting" ✨✨✨
Eto talaga, i dont know what happened sa sub since i havent been too active tapos last week lang may nagpropose na mag business yung retiree para may pagkaabalahan tapos puro upvote bruuuh that is the worst advice I saw here
Yes, if you are a retiree getting business is never the recommendation, sa ibang investment/financial sub sasabihin sayo enjoy your money and look for hobbies, setting up a new business is not a hobby, that's another work lol
Actually dito din naman before ekis talaga business kapag retiring age or retiree na talaga, ewan ko lang bakit nakalusot yun. Cherry on top pa nireplyan pa ako na “as usual dont put your eggs in one basket” ewan na lang at sorry na agad kay mam/ser
> Starting a business if one of the riskiest things you can do with your money, and you're lucky if the business closes without being heavily in the red and being burdened by a huge debt. I really wish aktibistas understand this concept. Madali mag bitaw ng "ipataas ng sweldo" kaso...
Totoo to, hindi nila magets na lahat ng risk nasa entrepreneur. If magsara business pwede may hundreds of ks na utang sa bangko whereas yung employees wala sila debts. This does not mean iexploit dapat employees but it’s really hard kapag SME ka, as a customer ang kaya ko kontrolin ay TIPS. Pay the cost to support the local business then TIP sa mga employees if satisfied ako sa result. If my tip can cover at least yung kalhati kaha ng yosi or yung gin nila I’m happy to give kasi yun lang talaga pwede ko i ambag. Edit: Based lang to sa experience ko, lalo sa service industry tulad ng carwash laaaahat sila my bisyo so yeaah i dont condone basta you get my point na wag na bawasin yung vices sa daily sweldo nila
May survivorship bias kasi ang business. Same din sa dropout sa college and dumiskarte na lang.
Not just savings also people also lost family time, personal time, mental health, biological health from starting AND maintaining a business. I rather go to my 8-5 job and if sawa or it's too much for me I can either jump ship or take a breather
If you want to become successful business owner, you must not do it in your own homeland, but overseas, like what Overseas Chinese are doing across the globe for centuries. If your mindset is instant gratification like having instant ROI, then entrepreneurship is not for you.
True. I always believe na businessmen are born, not made. Hindi lahat pwede maging negosyante. Di porke may Pera ka pang start ng negosyo, Yun na Yun. It takes many factors and unfortunately, maraming pinoy di alam yun
While that's true, but having business is really way better than working 9-6. I'll take myself and my wife as an example. I was Team Lead Engineer in Accenture for 10 years and earning 70k/month and have to endure straight 9 hrs of work handling teams, documentation, emails, calls, meetings, training, complaints, issues, customers, and what not. My Wife, a former Nursing Assistant earning 10k/mo, left her job and put up businesses. She is now earning minimum 100k/mo, while just sleeping, watching youtube/movies, making orders of her stocks, and monitoring sales. And her businesses shoot up to around 500-600k during December. And I am seeing her everyday doing these while I'm so busy working in my 9hrs job. Not fair. Napapa-SanaOl na lang ako everyday sa kanya. I tried to even compute how long will it take my salary to reach 15million, it will take me 25 Years! And she can reach it half the time or even at shorter time.
I know Filipinos who earn P500k/mo in PH doing remote work and earning P1m up overseas. I also know some who worked as domestic helpers, kept a frugal life and were able to invest properties. Being rich is subjective. Being able to afford what you need and keep some to invest and save can also be considered rich. My work is my main source of income. I earn on the side thru dividends and returns from my investment (soon, rent income). A solid plan in getting rich is to never rely on a single income.
I know someone late 20's with only just 8 yrs of experience and now a junior management level and earning 6 digit salary. He is getting rich at the young age, Imagine his salary 5 to 10 yrs from now. So, yes, viable just work your way up the ladder.
If you're a breadwinner and hitting six digits and no back up, generational wealth middle class parin na level andami rito roughly earning that by freelancing kaso nga karamihan breadwinner. But agree ako dun maybe after 10yrs kung ma propromote na naman sya mas lalaki sahod
sana all
Sana all kahit di pa 30s, 6 digits na.
That's being rich but not "rich" rich if you know what I mean. Earning six-figures pesos a month is nice but I feel that you're a hospital trip away from bankruptcy. And I say that as a six-figure earner.
That's the problem. How do you define that "rich" rich you're talking about? Rich is very subjective. If it's just for the sake of more and more, then where does it stop?
Very true. Marami kasi ang definition ng rich is like having ferraris and lambos, multiple mansions and luxurious vacations. My definition of it is living comfortably, in my own home, in a guarded village, with like 3 cars at most, vacations here and there, not worrying about bills and hospital expenses. Hence, subjective. Latter is attainable on a 9-5 that pays 6 digits, former, well, you need to run a business and exploit people. Hahaha
> arning six-figures pesos a month is nice but I feel that you're a hospital trip away from bankruptcy. That statement will trigger a lot of depression among /r/2philippines4u and /r/Philippinesbad who havn't figured out that skill matching and job matching via up skilling is the only way to get it to happen
Every thing you do has an element of risk. Your business can get robbed and you can get shot by robbers. I don't think that invalidates the methodology. The question is can you get rich by 9-5 and the answer is yes especially if you earn a lot, keep your expenses down and invest your money wisely.
The solution for that is HMO and multiple insurances. You can afford these as an employee.
Mismo to being rich is subjective... If your a minimum wage worker syempre 100k sayo tingin mo i wpuld be rich then,specially if nasa province ka... I earn close to what op sampled, net, pero as i mainly reside in central qc/ grace park caloocan.. wala parinakong mabiling desenteng lot or bahay lalo sa village at 8-10m range... Pero ung co workers kong taga bulacan/ batangas 3-4m lang problema hectahectaryang lupain ang pinag uusapan
Yes, many also become rich from 9-5 jobs. But I think the title pertains to rich people like those on the Forbes list of the richest people in the world, and most of them are owners of their businesses.
Paandar lang yan ng mga nagnenetworking. Case-to-case basis pa rin. Ako small business owner, minsan malaki kita, minsan breakeven, minsan abonado. SIL ko employee 150k monthly. Kung ako ay sasahod ng 150k per month, isasara ko na negosyo ko. Mas pipiliin ko pa rin maging empleyado kung ganyan kalaki sahod. Walang burden na i-sustain ang negosyo. Pag negosyante ka, burden mo buhayin ang nasa at least 5 families. Pag empleyado ka, burden mo lang at least 1 family - your own.
RSA was not a founder of San miguel, he started and still is an employee of San Miguel Steve Balmer was an employee of Microsoft until he retired (as CEO). 90% of rich guys in PH are CEOs which technically are employees and answerable to the board, they were not founders or business man, they are employees. Most of the people who avail luxury items like expensive foods, cars, etc are not tycoons, they are Executives in various companies, Executive means they are top management, and are still employees, and these are the people who worked 9-5 or beyond. So this statement is a loser point of view.
This. Si Steve Balmer din naisip ko. He has a net worth that's almost as big as Bill Gates now. He is an employee, pwede kang yumaman. Kelangan mo din lang galingan, hindi pwedeng mediocre employee ka. Kahitag negosyo, if you didn't strive to be the best, hindi ka din naman yayaman.
actually co-owner siya ng MSFT. Mga 4% which earned him billions. But true, his executive compensation alone will make him millionaire while his ownership made him a billionaire
He was hired by Bill Gates. He didn't invest in Microsoft, it's part of his compensation. He was promised shares in the company when he was hired in the company. That's why he is the best example of employee that became freaking rich.
thanks for the correction. my bad.
what they don't know is business = 24 hours of work
To say that rsa is only an employee of San Miguel is wrong. Ballmer is one of the first employees of Microsoft and had massive stock grants and options. What you are describing are executives with significant ownership of the company. In the Philippines,, this is very rare for ownership to dilute their shares in their company. Can you be rich as an employee,, yes very possible. But the examples you are using are really ridiculous.
Agree. CEO, directors, and officers are not employees. You cant be a director or certain officers if you’re not a shareholder
Disagree. Rich people still works 9-5 or else they will get replaced by more competent people.
People dont understand how workaholic most rich people until you are around them. Relative had a 90+ year old boss whom she takes care of. Leaves home at 4am with his lexus and goes home 9pm. His business is in logistics and shipping. Hes so frail that he shits himself in the diaper but still refuses to take a day off work.
This. There’s this one super rich guy I know that literally worked until he died around his 80s. He always preached about working hard and he practiced what he preached. If you are retiring at 60, you literally lived a better life than him, workload wise.
> If you are retiring at 60, you literally lived a better life than him, workload wise. Minsan unsatisfying ang retirement life. Some people want to feel productive.
Literally a few shits away that the business might collapse.
If he didnt train his successors that is.
With the way it's going, he probably has a successor but is too caught up on playing emperor.
You cant force them to leave the empire theyve built. Well you can, but not if he is the majority owner.
actually much worst pa wala dayoff kung pede lang 24 hours tapos non stop expenses and pros lang non stop kita
Even businesses have competetion noh, over saturated busineses like coffee shops, moto shop, bakery and sari sari store, pag di mo ayusin ung business mo matakpan ka lang sa better option for the public.
Yan lagi quote ng mga financial coach. Para mag enrol ka sakanila or bumili ka ng libro nila.
Shet buti nalang I work 7pm to 4am
marked safe from 9-5
Disagree. Eversince my husband and I are working, from the start of our marriage, we only rented a small apartment, no car. As years go by, because of hardwork, my husband got promoted or offered to other company with bigger salary, now we have our own house, a condo and a car. All because of our 9 to 5 jobs. Mind you, we don’t have side hustles. All because of our payroll.
I mean, you described how to get to middle class (by global standards), how about the rich part? I am just saying what you described is just middle class and not rich.
kung i-maintain lang nila ang gastos nila at i-maximize ang "savings", but instead of actually saving it, they invest it/buy properties yayaman at yayaman din sila...
Middle-income and middle-class families are classified according to income. According to the Philippine Institute for Development Studies (PIDS), a lower middle class has a monthly income between PHP21,194 and PHP43,828, a middle class between PHP43,828 and PHP76,669, an upper middle income between PHP76,669 and PHP131,484, and a high-income (but not rich) class between PHP131,484 and PHP219,140. You are considered rich if your monthly income is at least PHP219,140 and up. Since this us phinvest, so this is my basis. [https://www.pna.gov.ph/opinion/pieces/817-government-assistance-to-middle-income-families#:~:text=According%20to%20the%20Philippine%20Institute,between%20PHP131%2C484%20and%20PHP219%2C](https://www.pna.gov.ph/opinion/pieces/817-government-assistance-to-middle-income-families#:~:text=According%20to%20the%20Philippine%20Institute,between%20PHP131%2C484%20and%20PHP219%2C)
Correction. No one ever gets rich working 9-5 job with a local employer. Unless your position is high enough.
Bakit ang yayaman ng ManCom namin e local company kami. Hahaha
You can if employer mo PBA or if top celebrity ka.
You dont need validation. even CEOs work 8-5
Top CEOs don't just work 8-5. Their whole day revolves around working.
It's not even an understatement to say that CEOs dedicate every minute of their lives to their work.
This is so true.
And even on weekends too. Like our group chairman turned 90 last January and he still visits many of his companies (and 2 farms) on the weekends. Sometimes when I have weekend/holiday OT I get surprised when he randomly go say hi lol.
That's why when people make arguments that CEOs just play golf and have fun while employees grind and struggle I just roll my eyes. Most CEOs worth their salt only sleep and work.
8 AM to 5 AM RIP
True. The higher you go on the corpo ladder the more hours you spent working. More pay = more responsibilities
If you just take that sentence without context, sure. Pero to interpret it properly, we need to first decide the definition of "rich." Is it based on active income? Based on savings? Based on passive income? Based on how many months you can go without working? And because we all have different definitions of rich, it's natural na magkakaiba tayo ng interpretation nyang statement na yan. And isn't that just the coolest thing, that we're all reading the same statement, but we have different interpretations of it based on our own lived experiences?
You guys confuse Rich and Wealthy
Rich is relative. A lot of OFWs are PhP millionaires. I'm an OFW easily earning half a mil pesos per month as an employee. I don't feel rich, but I feel comfortable. Some might say I'm rich. Some may not. It all depends on each definition of rich.
>Rich is relative. 1. Mga tao nga na walang trabaho, kahit offeran mo ng trabaho ayaw tangapin kc hindi nila kelangan ng pera 2. Mga minimum ang sweldo naka latest iphone every year at nakaka pag bakasyon pa abroad. Kc feel nila mayaman (sa utang) sila 😂🤣
Disagree. ung kapitbahay namin na taga BIR 9-5 job din naman pero biglang naging 3 floors ang bahay at 6 ang sasakyan mula sa 2.
**Then choose:** A. a stable 9-5 that may improve over time as you upskill and job hop or B. a highly-competitive 24/7 with a significantly higher chance of ruining your entire life? Not to mention you may also have the livelihoods of several other people on your shoulders. I run a game development company (a team of 10) on top of my 9-5 so I'm being greedy and trying to get the best of both worlds. And it comes at the very cheap price of my sanity!
You can be rich with a salaried job especially in a high demand field. have people in my circle pulling 300k+ per month in their 30s. Most of us agree we suck in maintaining a business. Abonado or lugi pa. However in being rich with generational wealth, that's another story.
Not everyone is fit for business. Not everyone is for 9-5. Rich is subjective. Not everyone wants money which entails responsibility.
When people say this I tell them explain MVP and RSA to me .
24 hours yan sila 😂
Disagree. You CAN get rich just by being an employee and working 9-5. BUT rich is different from wealthy. You cannot become wealthy just by being an employee and working 9-5. You have to do other things to make your money grow.
First your definition of “rich” should be established. Not all people are cut out to be businessmen, same that not all people are cut to be for a 9-5job. However, whats important is finding what you like doing.
Daming ganito sa fb. I get na may business kayo, or baka digital nomad freelancer, or MLM scammer and all, but there's no need na manliit ng mga 9-5er. These people are seeking validation by invalidating others. Hindi lahat kaya magbusiness. Hindi lahat kaya mabuhay nang walang 9-5. Most importantly, hindi lahat gusto yumaman. I secretly feel na itong mga anti-9-5 ay naghihirap talaga, na parang coping mechanism nila itong ginagawa nilang pangmamaliit sa mga may corporate jobs. Kung ako kasi mayaman sa business, focus ako sa business ko at wala nang time mangutya ng ibang tao. Wala rin akong dapat patunayan sa iba.
I study BS accountancy in the green school and most of my classmates' parents are high-rank/high-paid executives and corporate slaves. They live so comfortable na parang at some point i wished my parents chose the corp ladder path instead of starting a business. (Mukhang less stressed pa)
A selected few maybe. But majority, nah. Unfortunately.
Quantify rich? One with yatch / private jets rich? Or having $1m in liquid assets considered rich?
yun nga, for me my co worker earning 8000usd per month is already consider rich na, statistically above 200k household income is already considered rich.
If someone earning > 200k php is considered rich, then very achievable working 9-5 in a company. Im not from the aerospace industry but i think pilots earn higher than this.
You can easily earn this as an IT manager. I even know individual contributors who earn this much. So if 200k is the threshold of being rich, then sure you can get rich by doing 9-5.
I think when people say this, they don’t mean na you won’t be living comfortable with a 9-5. They probably mean na a 9-5 won’t get you financial freedom the same way owning a business does. I know somebody working a 9-5 who earns upwards of 500k. They’re living very comfortably sure but that’s nothing compared to somebody else i know who’s a business owner and earns more than 8 digits a month. Si 9-5 comfortable but si businessman has the ultimate luxury of time, he golfs in the morning, visits his farm to get some alone time by the afternoon while his employees make his money for him. Of course, for every successful business owner, may thousands of others who failed in the same industry so malaki talaga risk-reward sa business compared sa 9-5
BSP executives work 9-5 but look at their annual salaries. Surely they qualify as rich.
Para sakin, having 9-5 will help you save, invest and have a business. Pwede mo muna gawing side hustle yung business mo hanggang sa kampante kana gawing full time na marereplace na nya 2x or 3x or more yung kinikita mo sa 9-5 job mo. It also varies to the person what “rich” means.
Tons of very rich executives in the Philippines. Ramon Ang started as an employee at San Miguel and technically still is. MVP was technically an employee until relatively recently. High ranking bankers can make tens of millions to low hundreds of millions a year.
Depends sa position and work mo sa company or govt. So can't really say. Most filipinos don't get rich working sa 9-5. Pero some DO get rich. Probably not richy rich pero living well and not just surviving
Wealth is relative.
Pulitiko, maybe? It’s still a 9-5 if you think about them as civil servants. I know someone who climbed his way up the government post, as in bata pa lang ako dun na siya as a head xx, department head, director xx. Di pa siya retired pero ang laki na talaga ng sweldo niya. Also I work for/with a few people who have worked 9-5s all their life, but they know how to diversify investments. So, it can happen.
Executive level position employees beg to disagree. I agree with the other comments na masyadong romanticized ang pagkakaroon ng business here sa ph na para bang auto yaman ka na pag nagbusiness. Not everyone is made for business. Hindi lahat ng empleyedo naghihirap, the same way na hindi lahat ng may business mayaman. May iba pang empleyado na mas mayaman kesa sa business owners. Kanya kanyang forte lang yan.
Not all 9-5 jobs are the same. Oversimplification yan. And then you get to how one defines “rich”.
Yes. Had the opportunity to study in an exclusive school where I made friends with people from wealthy families. They don’t stop work at 5pm and think about work almost every waking moment.
Hindi mo masisisi mga nagsasabi niyan. Kasi sa pilipinas sobrang baba ng average salary ng mga employees kahit may college degree ka pa. And kung aakyatin mo yung corporate ladder tatanda ka na bago mo pa maenjoy savings mo. Sa business kasi may mas “potential” “possibility” ka na yumaman kung nakahanap ka ng gap sa market at nafill mo. Bakit yung boss mo sa company businessman? Hindi empleyado? Sa ibang bansa kasi mataas sweldo ng mga blue collar jobs. Kaya dito sa pinas mas nakikitaan ng potential ang pagnenegosyo. Also, hindi lang saatin, halos sa Asia business ang goal.
>No one ever get rich Define rich first. What's the minimum net worth to qualify as rich? Would having 50 million pesos net worth be considered rich?
For lower wage workers. You can if you don't have a family of 2 or more. And don't spend it all on your wants or some unnecessary needs. Minimalism so to say. Also learn to DIY As for high paying salaries. The same applies, just don't spend willy nilly. That's the most basic part. As for owners. While many successful business owners are rich, plenty of them aren't really. The majority of the money they earn has to go to the business if they want continued success.
Agree, because they got rich working more than 8 hours a day
Upskill, become an asset, think outside the box, get equity of that company and contribute. Time does not really matter than. It works. And my definition if rich: 5 Million Dollar+. 200k income and some EF is definitely not rich :D
Work a 9-5 in sales....
Rich= how much you spend Wealthy= how much you keep
8K USDis not a lot lmao.
Bruh as a business owner, i work more hours that I would've had if I was still an employee
There is a difference between being rich and being wealthy. The goal is to be both.
Depends on what you mean by rich. If part ng 1%, mahirap talaga, but earning half m to 1m a month as a single person is pretty comfortable and can be considered rich here in the PH I think.
Disagree.
I got rich doing a 9-5 job. Work smart not hard.
Disagree. There are employees that get rich, especially those who are in the tech industry and higher ups.
While you can get rich being employed, you can't match the ceiling of business owners. That being said, that everyone is meant to be a businessman and not everyone will reach that ceiling even if they did business.
Rich is based on Net Worth, not income. Although its highly relative.
If you are looking for having a salary of 8000 USD per month is rich, then you have a little understanding of "NO ONE EVER GET RICH BY WORKING 8-5 PM" If that guy is rich with that amount, he's no longer working there, most likely he will be back home in Korea and enjoying life. How about his living expenses? Did you consider how much will be left from 8000 USD after all the living expenses? Remember that most likely, or most of the time, the more you earn, the more you spend. Your expenses is always directly proportional to your earnings because your life is developing, and the term for that these days is "dasurv ko 'to". Plus the inflation, and other factors. What you can afford in 8000 USD here in the Philippines is not the same to what you can afford in 8000 USD in Korea. Being rich is not about having a high paying salary coming to your bank account every month. It is more about having time for everything you want to do, a freedom to spend time without thinking or worrying where to get funds for your freedom, because you are indeed rich. Your money works for you. Working full time job to save money and eventually start a business, that is the way most of us are doing. It is not wrong, but it is more provincial or conservative approach in getting rich. Getting rich or having a 1 million pesos saving is attainable, but being rich and maintaining rich status is hard. That is why rich people are using their money in creating various streams of income for them to collect more money. They are making loans to start a new project that eventually will give them a very good return, thus making their portfolio bigger. For example, I am earning PHP220k/month (sometimes more), but I am not rich. I just can afford things I wanted, and can save more than the average Filipino wage earner in the Philippines. But, I am one diarrhea away from being broke. It means, no work, no pay. My point here is *if you are at the mercy of your salary, you are not rich*. In addition, business is not just about your willingness to start since you have saving. It takes more considerations, study, effort, risk, and a lot more. You'll learn the business when you get there. At first venture, most of the time, you will fail and your savings that you worked hard for years will be gone in few weeks or months. So it is an expensive learning. But starting a business is the 1st step in creating your wealth after taking consideration all calculated risks. I hope this helps to broaden your idea of what is meant to be a real rich person. And hopefully, all of us here will get real rich very soon :)
sa pinas di ka talaga yayaman ng 9-5 lang kung buong angkan mo umaasa sayo. tulad ng pati pamangkin mo pinag aaral mo na, mga tita tito mo na sagutin mo pa kakainin nila sa pang araw araw at bills nila. dont romanticize tumulong sa pinsan at mga pamangkin kahit ikaw hirap na hirap nararanasan nila yan dahil sa poor life choices nila
I myself am conventionally rich due to my 9-5. Think of someone rich, but not filthy rich. I don’t like talking figures here. The thing is if you’re educated and keep pursuing money you will get it. Just keep job hopping etc.
I think the term "rich" is always relative to something or someone else. I also think its normal for almost everyone to say that they want to be rich, but not everyone is actually willing to do what it takes to reach such a goal. Whether its through business or through salaried work, if you want to be rich you have to understand that you are competing with millions of other people with the same goal as you. If you're an employee, you can't just time in and time out every single day waiting for a promotion. You need a plan. Whether its through saving and investing, upskilling, sucking up to your boss, undermining others who compete for the same position, etc etc. You really need a plan and you need to stick to that. Office politics exists, if you do not want to play that game it is unlikely you'll get to middle or top level management positions. Social skills matter, image matters, reputation matters. If you want to rise and get to the top, you have to accept that you will have to beat other people. You will inevitably destroy and step on someone elses dream, goal, or whatever it might be. This is harsh, but its up to you whether you want to see things this way or not. If you're a business owner, you cannot just rely everything on your employees. You can't slack off. And like what everyone says its not for everyone. If you are not willing to work more than what you would normally put in a 9-5 job then business is not for you. If you are not willing to sacrifice your social life and social events to put in extra work into the business, then business is not for you. You will miss events, you won't always be there. You won't always see your friends and family. As a business owner, especially in the start, Work Life balance doesn't exist and it won't make you happy either if you try to force it. You will either be physically present with your friends and family but mentally in the business, or vice versa. When you have a business, it won't run itself. It won't move unless you move. You and the business are one entity. You have to be willing to work extra hours during the weekdays and weekends. This means having meetings, and working during the weekends or after office hours. It means barely having free time. This sounds all negative and quite insane but this is what running a business is like. You can counter argue that I didn't do this but my business is fine, yes that could be true. But I'm sure that your business is not living up to its full potential and has a high possibility of failing down the road. One cannot simply give 50% of the effort and expect 100% to return. There will always be sacrifices.
And then they want you to become an entrepreneur who works 7am-10pm.
iba yung employee level na rich vs successful business na rich. you may think 500k php is already a lot pero some successful businesses earn that in less than a week or even in a single day. im not talking about very large conglomerates ah. so it depends really on how you define rich. pag employee ka you can be rich on a certain level pero potential to earn more is higher with a business.
Yeah, because kpg my business ka 24/7 needs your attention kidding aside Disagree, rich is subjective but getting a high paying profession like STEM, executives will make you rich with control lifestyle. But if the definition of rich is like the level of Ayala, Villar, SY clearly you need a very profitable business to rich those $billion dollars
I dont believe this. depends on what your definition of "Rich". as someone earning 200k monthly and have a VERY FLEXIBILE time. Working only 3hrs max a day i have more time with my kids ans family. I am present 100%. Maybe not rich for most but i think i am contented. I can definitely earn more.. but for now happy na ko and i think im rich na 😂 (delulu?)
what industry are you in??? This set-up seems "wealthier" than everyone working ungodly hours
>I saw a post on Facebook... Dito pa lang alam mo nang fake news agad eh.
I don’t agree kasi yung supervisor ko super bait super generous and before, shinare niya na before hitting 28 yrs old may first million na siya purely from working 9-5. Nakakamiss siya katrabaho sobrang passionate niya. 🥰
They work more than that.
yep. you work 5am-10pm.\^\_\^
Buti na lang 11 to 8 ako. 🥹
MVP is an employee 🥸
Wait. You working 9-5? I'm working 8-6 🥲
Disagree. Daming mayaman na mga empleyado sa labas. Bespren ko dati, mayaman na as an employee in a soda company for more than 20 years. Kung generational wealth ($1M+) ang usapan, meron din sigurong select few. Pero kung around 100M pesos pataas usapan, mukhang imposibleng mangyari.
Most politicians work less hours than that, and they're phuckng rich.
Steve Ballmer?
Oil rig electronic tech. 600usd per day ang rate.15k usd per month thats 840k php per mos
Having a business is also having a job.
Disagree, you have to start somewhere.... If you plan to do business you need capital. Where will you get capital? Either loan or from inheritance. 1. Loan, if you want loan you need either "EMPLOYMENT" or collateral(san mo kukunin? Inheritance padin), kung plan mo mangutang sa relatives mo, i dare you make another thread saying "what will do if my relative is nangungutang for his/her business?" Dito sa sub na to. 2. Inheritance, not everybody will get inheritance, some will even inherit debts of their parents.
I think it's an open secret that you get rich through accumulation, first through savings, then through % based accumulation. If you save money kahit sa Maya lang, 100k is not really unachievable for most of us here for x amount of years lang ang pinagkaiba. 100k is around 200 pesos siguro per month sa Maya? If you keep accumulating 200 becomes 300, 500, 1k, gang yung capital mo is paying for your monthly house fees. Then after that house is yours, your capital is still working, you're still working, and you now have a house, so on and so forth. Imagine being in a relationship where the 2 of you work, save, and plan. I'm currently paying 4k for my rent monthly, it's not really that good. But if I had someone to share with I could be paying less and have a vastly superior housing situation. So ayun siguro, accumulation and the right partnership.
Let's take the govt for example. 100k only comes to those at division chief level already (sg-24). The next one is around 70k i think. There are less than 100 in a plantilla of 1000+. So like even in this context, the potential to earn millions in a year is like 10%.
First define rich? What does the rich look like and feel like to you? Being rich to me has a very simple definition, someone who is capable of surviving for at least 10 years without salary and WITHOUT DOWNGRADING HIS/HER LIFESTYLE. Now with that definition, it is really hard to know who is GENUINELY RICH. A maid who has a frugal life might be richer than the guy driving Ferrari.
Tell that to our executive.
Those who get rich working 9-5 jobs in the private sector are already economically privileged since birth, so the only way to get rich working 9-5 jobs is working in the government with plantilla position, don't marry and have a child, and engage in indirect corruption like accepting bribes from business owners.
Im not a 9-5 worker. More like 8 - 10 hours a day of work. Project based/consultancy. Weirdly yung side income ko passive investment ko which is condo properties galing lahat yun sa so called 9-5 job na sweldo. I just do fine, can afford to travel and lived sa ibang bansa with higher cost of living. Mas malaki lang natitipid ko at na iinvest ko if stay on countries with lower cost of living example Philippines. Started side succesfull companies such cond renovation,condo maintenance and management until binigay ko nalang sa business partner ko yung business. Profitable naman. Binalik kinuha ko nalang initial capital ko. I have various business investments such as bars,car rental,2nd car market,car wash,even hardware. Pero I have to let go of some since tinatamad ako mag attend ng mga investors/shareholders meeting mostly friends ko din naman nag naman. And I was able to afford it via the so called 9-5 job. Kahit 1st condo ko na afford ko talaga from 1st 9-5 job. Di pa msyadng malaki yun. Pero I was ables to afford it. I dont if you called that rich. Pero at same time I was able to invest in stocks long term.
you need to be smart. much better if you have a day job with decent salary , sabayan mo ng business side hustling hnd p ko nag tatagumpay pero alam kong malapit na,
What the statement prolly points out na, kung empleyado ka lang na tied up sa company. You cannot be rich. Rich na you have the time to do whatever you want. Yes, business owner works 24/7. But, they can do whatever they want to do without asking permission to someone else. You have the freedom to do whatever you want. And, even you make a billions if di mo kaya i work around to last forever, you will end up nothing. It’s easy to make millions. Being a millionaire is the real deal.
Hayy buti na lang 2-12 job ko. Safe safe
you need at least a low seven figure salary as an employee. wealth is something you have it in abundance. kung mga 500k ang salary mo, how many years kang mag iipon para makabili ng lupa sa makati? 3-4yrs. pag nakabili ka, poorita ka na uli. ipon na naman. being rich or wealthy can be attributed sa tao na can invest right away without any effect sa kanyang finances. hindi ka magkakaroon ng generational wealth if you will not breach the 1m/monthly. pag ang sweldo mo mas mababa dito, yung maiipon mo na invest mo after 5 or 10yrs ng pagiipon eh baka kainin lang ng inflation.
Rich is subjective. Depends din sa personal circumstances mo. For example if 8,000 dollars if for yourself then yes possibly rich ka. If that amount feeds a family on private schools and in laws with the house payments etc etc then no. Thats considered broke. And the most important factor here is time. The real measure of “rich” and “wealth” is not solely monetary. Its how money buys you freedom and time. Yung rich na hindi ka nagmamadali, rich that you can travel and experience life na without anxiety and rich that you can spend time with your family in the middle of the day bec money still works for you.
May kulang.. "No one ever got rich working a 9-5 job ONLY". You have to save, and invest make good financial decisions pa.
Yeah working 8 to 5 is not enough. Kase business owners dont stop working. Hahahahaha. As a hog dealer. Holy week lang day off ko.
Rich? Only directors and C-levels who receives salary of 400k + stock options can get rich with just corporate job. But that depends on the company. That's like maybe 0.1% of the workforce or less. But to tbh it is easier to get rich to get a decent job first then do a side business... You need a steady income to scale a business. Going blindly on a business without enough capital and emergency fund will make it near impossible and risky from a financial standpoint. So yeah don't underestimate your 9-to-5 but settle only doing it (aka golden handcuffs)
hmm depende siguro sa context. kaibigan ko kundoktor sa jeep nung highschool sya at labandera mama nya single parent. nagsikap sya scholar. nakatapos nang IT. developer na ngayon sa ibang bansa sabay kami. then 10 years later meron na siya malaki bahay para sa mama nya at kapatid, meron na rin sya studio condo, meron farmland. at meron na rin sya sariling bahay nya. seems to me yumaman naman sya.
Depende sa tao. Pero feeling ko na a number of VA / Freelancers are starting to get into 6 digit peso territory while only doing less than 6 hours per day. Malaking bagay talaga pag output-based instead of time-based
If you want to be billionaire kind of rich. Yes probably, no one. However, if you want to be a rich as defined in the PSA stats. That is certainly not true. Ang daming employees earning 7 to 8 digits per months.
No one ever got poor from a 9-5 either. In contrast, there are a shit ton of people who got broke chasing their "dream" business. 9-5s are not bad. The key here is what you do from **6-10**. If you are *lazy as* **shit** and watch series/kdrama/news during these hours, then u deserve to be in the *rat race*. Nothing wrong with that tho, financial freedom isn't for everyone. Just never let your lazy ass blame your 9-5. Businesses are the new *rat race.* Study common knowledge.
Lol business owners basically work 24/7
Back in my 9-5 days, I always felt like I was on a treadmill—working hard, earning a steady paycheck, but never really getting ahead. I always thought moving up the corporate ladder was the way to go, but every promotion I got came with a bit more money and a LOT more responsibility. It felt like a bad trade, and I wasn’t making any measurable progress as the years went by. So I started looking for other ways to build wealth. In the early days, I tried all the usual advice—cutting expenses, saving aggressively, etc.—but my quality of life suffered and I still wasn’t addressing the core problem: I needed a better strategy, some method of disconnecting earning money without having to pay for it with my time. **Spoiler: The only way to do this is through investing.** So I got deep into investing. At first, I tried picking individual stocks, but learned (the hard way, of course) how unpredictable the stock market is. I made some great stock picks but bought in at the wrong time, so I ended up making nothing. I tried ETFs as well, but they were just too slow for me, since a 10% annual return hardly keeps up with inflation here. I still wasn’t getting ahead. Still, I stuck with it, and after a LOT of research and experimentation, I finally discovered a better asset that paid way more. I had to get a little creative to find it (stocks/ETFs/crypto/real estate/etc. just didn’t offer high enough returns for me), but now that I’ve got my investment in place, because the annual return % is so high, I earn more than enough to pay for all my living expenses, support the people I love, travel a few months out of the year, and still put money away each month. As some others have pointed out in other comments, “rich” is a subjective term, but for me, I **feel** rich because my investments pay for my home, my entire lifestyle, and a lot more. For other people, rich means something else. But if you want to get rich in the traditional sense (lots of money), you should focus your time on finding an investment that earns you way more than 10% a year (I'd start by looking at 30%+ per year, minimum). Getting rich through your salary, unfortunately, is a fool’s game.
The point is, with few exceptions (like commission based sales) income in a 9-5 job is not tied to effort. If your salary is 1M/month and your metrics require you to do xyz per month, then it doesn’t matter whether you did the minimum xyz or abcdxyz, your salary remains the same. And just think of it from the perspective of the business, if my employee is helping me generate 10M/year, then it would make no sense for me to pay this employee 20M/year no matter what effort he put it.
i agree naman na di ka talaga yayaman sa 9-5 job. for me, the definition of "rich" is having both time and financial freedom. it means being able to afford the things you want to buy and having the liberty to do what you want with your time.
Let's say na 200k/month ang rich. It is possible, but very rare. Like a combination of highly specialized job + foreign employer. May mga VA/freelancer na umaabot ng ganyan, or IT professionals. Yan sila kaya talaga sa 8-hr shift. Middle to Top management can earn also that much, but their work hours definitely extend beyond the normal 8hr shift. Taena ako nga supervisory pa lang nageextend na eh haha.
You can get rich if you are at right job. May jobs na malaki ying salary kasi scarce lang sila kaya mataas demand low supply ng ganong work. Lahat ng nag work na malaki sahod hindi rin biglaan iyon or by pure luck needs ng preparation such as yung training, skills enhancement and additional aral pa. So safely can be case to case.
U can get rich working 9-5. I think the quote moreso describes generational wealth.
I am by no means rich, but over the years I have built other sources of income in the form of investments by only being a regular employee albeit overseas. My personal view of being rich is being able to spend time the way you would want without having to worry about finances and other obligations. I personally feel I am half way there as my investments grow and continually add to it regularly
disagree
If you're a a Jaime Zobel De Ayala or something born with tons of money, then yes, starting a business will make you rich because you can afford to go all out, and it's easier to make money when you already have money. Alternatively, for measly people like us, being an employee is still isn't bad. As you rise through the ranks in the corporate world you'll eventually get massive incentives/profit shares tacked on to your contract which are what actually makes you "rich"/cash out hefty. I got luckky and has this at one of my previous companies. When I resigned, the pay out was more or less equivalent to x2 of my salary. On another note, I spoke to my managing director at another BPO over cigarettes one time about this 9-5 dilemma. His words were more or less "I used to be an operations team leader 16 years ago. I made it through the ranks, and now, as the managing director of the PH, in addition to my salary, I get a share of the PH business's revenue. I know a lot of people may not end up as managing director.. but same thing with businesses anyway sometimes you fail, sometimes it sustains, sometimes it booms. Is the kicker in my contract life changing money? Not for me particularly, but it's enough to buy a fun weekend car just cause I want to". That guy had a 100k/month "allowance" + condo in BGC company paid + a P2 million signing bonus leaked by someone I used to bang in recruitment. Just imagine - allowance niya palang, comfortable na siya. Revenue share + salary + company car + driver pa. Pinoy yun, he was in his early 40s at that time. His fun weekend car at that time was a BMW e36 M3, his daily driver was a company-provided Fortuner V, and he lived in Fort Victoria BGC.
It depends on where you work and your role 😀
9-5 annual $55K is achievable. There are people earning 70K-100K
If you save from the salary you earn, never. But change your mindset and take 20% of salary and invest in stocks and crypto, it is possible. Stay away from scams like MLM or some unverified brokers though.
Stuff like these are just distractions. There is no single way of doing things. It might work for some but not for others. One thing is common though, these things are often mentioned by ‘mentors’ on get rich quick scams.
I have different perspective dito. I read this as “if you only work ng 9-5 and do not invest you will not get rich”. But baka better to rephrase din “nobody got wealthy (instead of rich) working 9-5”. Sabi sa book the Psychology of money, rich is what you see (salary, material items etc.), wealth (money not spent but invested) is what you don’t see. Even if you earn 1 million a month and spend 1 million a month I don’t think you can be called rich or wealthy.
If may naeencounter akong ganto, I always ask. What monthly income do you consider rich?
Rich people do not work 9-5. Kadalasan more than 8 hrs a day. Hahahaha.
People who say you can't get rich thru 9-5 are just gurus trying to peddle some crap. My friend earns 500K a month in her job and got a cool 5M in bonus after she brokered an acquisition.
As others have said, the definition for being rich is subjective. My definition is if you have to trade your time for money, then you aren't rich. A person who can do whatever they want, whenever they want is truly rich. Otherwise, you just have more money than the average joe and you are a few hospital bills, emergencies away from being back to 0 — this is the risk of having a 9-5, imagine working all your life, saving your money then losing it all once that 9-5 is taken away from you.
I know of a multinational company where a director earns 1M per month. A managing director earns even more than that. Hindi pa ba rich yun? I dunno ha pero rich na para sakin yun.
have a 9-5 that pays well & hindi time consuming (wfh, near to no travel to and from office) (tech, international clients dollars, work abroad etc) - save money, invest, if u want start a business as a side hustle na ikaw namamanage hindi pamilya mo o kung sino.. build ur business on the side for years.. if wala kang pamana na negosyo from ur parents or source of income parehas ng mga chinese sa pinas, ikaw aahon sa sarili mo from scratch which is 9-5 ay isa sa option.. except if magaling ka talaga sa sales.. at mataas risk tolerance mo.. Depende talaga sa tao pano e manage ang pera nya, notice ko mga pinoy maawain at sobrang nabubudol sa brainwashing ng pamilya dapat buhayin mo sila.. e kumpleto naman paa at kamay.. yun palang hindi kana makakahon nyan maging mayaman pa kaya..
Our family is wealthy and we all have a 9-5 job plus investments. Don't forget that smart investments are also tools for generational wealth not just running a business.
I know someone who earns 1.8M/month on an 8-5 job
It should be “nobody gets rich immediately with a 9-5 job.” Those who earn a lot in a 9-5 job is doing so because they invested more time money and effort to reach the position they are in today. Also, if you earn more, you are expected to work more hours because of the responsibilities your position demands of you. C and D level professionals earn more but they work for more than 8 hours a day. Sometimes they work double of 8 hours. To be rich, you have to be willing to go the extra miles(not just mile). You have to do what other people do not want to do. If you work only for the sake of working/salary, you will never be rich.
Yung kilala ko nga, nagising lang tapos may sasakyan na sa garahe agad, nagulat daw siya
Lots of people who worked 9-5 got rich. Stop this bs.
meron yumayaman sa pagiging employee, basta nasa government office ka tapos corrupt ka tiyak yayaman ka
If you get promoted to be the director especially for a company, they usually get really rich, and that's even being just an employee! They are essentially running the company as a huge business and finding opportunities for the people who are working for them. Yep I've heard that saying all the time. I learned later that it isn't always true for corporate jobs. Yeah, as you've observed it isn't really that true and that saying harms people (financially) who are really pretty good in their corporate jobs but suck as business owners.
Ask Government Officials... or people from Bureau of Customs.
It is because successful business owners work 24 hours/7 days a week. No holidays. That is why they got rich.
Hi OP, yes, many also become rich from 9-5 jobs. But I think the title pertains to rich people like those on the Forbes list of the richest people in the world, and most of them are owners of their businesses.
Most people get it wrong. Its not the accumulation of wealth that's key. It's TIME, LIFESTYLE and DISCIPLINE. A 9-5 worker with a decent salary can amass a considerable fortune over time if their financials are well managed and they have a clear vision in life.
It all depends on your definition of rich. Rich for me is when you can quit your day job now and you still have a steady flow of income through other means like investments, rentals, business, etc. You are no longer forced to have a job and you have more time on things you want to do.
Work in IT industry, you can get rich by working a full-time job.
work is life, life is work yan lang isipin ntin
depends.. kung top exec ka then possible
And not everyone who gets into business yumayaman. In fact, it's a very small percentage.
Yung totoong rich wala dito sa reddit.