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HK vs China earning potential
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Jmbf



Joined: 29 Jun 2014
Posts: 660

PostPosted: Fri Nov 10, 2017 12:51 pm    Post subject: Reply with quote

TeacherTim wrote:
Yes, primary aged. They're in the local system, so only about two thousand each every September for books. The only extra thing we have for them is football practice which I can afford out of the 12,000 supermarket/essentials budget.

As you may have gathered, I'm middle aged, so I rarely drink and can't really take any of these fantastic long weekend breaks to Thailand or Taiwan that so many of my friends do. In other words, I'm focused on saving but still live quite well.


Thanks for the clarification. If I may say, it does seem as though you are paying too much tax, especially with a wife and 2 kids.
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Jmbf



Joined: 29 Jun 2014
Posts: 660

PostPosted: Tue Jan 30, 2018 8:30 am    Post subject: Reply with quote

Just bumping this thread as I met a guy last weekend who has the best setup I've ever seen. He is a freelance private tutor like myself. He used to work at one of the more prestigious private schools on the island but decided to go freelance once he got his PR. Over the years he has developed a strong reputation for himself as a go-to guy to prep students for schools and colleges overseas. Most of his students are in good secondary schools and he has a long list of students waiting for a space in one of his classes.

He works from his home, and teaches small groups of 4 students at a time. Usually his schedule is something like weekday afternoons 3:30pm - 7:30pm or 4:00pm - 8:00pm and then a couple of hours on Saturday. He charges HKD 450 / student which equates to HKD 1,800 per hour or HKD 7,200 per day. He does the occasional private class as well but his working hours stay in the low to mid 20's. He told me regularly earns between HKD 160,000 - 170,000 per month.

Naturally, his position was developed over several years and with a lot of effort but MOD EDIT, that's beyond even what I though was possible just a few years ago.
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