Again moderators, don't put this out for random threads. After my financial retreat together with a few employees, this is the product of it against the people we are still mentoring.
A lot of people are entering the IT race because of the salary and WFH privileges. Sure who wouldn't, but if you choose IT (be it to be a programmer, QA, etc.), because of the salary and privileges (which is valid and not saying it's wrong generally), you better plan your exit strategy (and I mean, your retirement).
Oh no, this ain't the thread to discuss how much salary you should ask to begin in the race and if you're under/over/correctly paid. This is as simple as knowing when to say, I have enough to retire.
What intrigues me the most is one of our special employees (who happens to run by the initial, DM). What makes him special is despite being hired last year and earning millions like everyone else, this person is still financially dependent on the job. Sure this is how everyone's working. I have a few former employees who were able to leave and stay rich. Do they still practice IT? Some do and some don't.
Sure we all dreamt of getting the 6-digit salary or even getting to 250k (the new dream salary). That dream is valid from any perspective you see it. But if getting a salary increase means you also increase your lifestyle expense, then no salary will be enough for you.
Worst and earning at least Php1M/month, you still need to work to live instead of making the money work for you. I can easily snap my fingers about his employment, but I ain't that cruel.
Okay sure, in the eyes of the moderators, this should be a random thread or even posted in the wrong sub. But I do have one or two mentees who are in this situation for a few months already while there are others as well in the same trap as they are.
Plus, learning how IT works is more than the salary. Look, I started my firm because I wanted to print/make money. I actually wanted to be a game developer, but the lack of artist skills detoured me to code instead. Next thing that happen, I was building my automated trading solution and now it's reaping its rewards.