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Best Countries to save cash?
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aridion



Joined: 30 Aug 2010
Posts: 55

PostPosted: Sat Mar 10, 2012 10:00 am    Post subject: Best Countries to save cash? Reply with quote

Which, in your opinion are the best countries to save cash in? I am thinking Saudi Arabia and some other ME countries. Anywhere else folks?
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tttompatz



Joined: 06 Mar 2010
Posts: 1951
Location: Talibon, Bohol, Philippines

PostPosted: Sat Mar 10, 2012 12:18 pm    Post subject: Re: Best Countries to save cash? Reply with quote

aridion wrote:
Which, in your opinion are the best countries to save cash in? I am thinking Saudi Arabia and some other ME countries. Anywhere else folks?


Depends on your qualifications.

Green as grass and new to teaching then go to Korea.

Got a related masters and want to teach at the tertiary level then the ME.

Got teacher certification and ac couple years in the classroom then a decent international or bilingual school just about anywhere on the planet.

No degree, got your shiny new 30 day TEFL cert then it will be tough to find anyplace that will pay enough to cover your setup and airfare.

Got a degree, a year or two in the classroom, some street smarts and at least the wherewithal that Ghod gave to green apples then head for China.

.
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aridion



Joined: 30 Aug 2010
Posts: 55

PostPosted: Sat Mar 10, 2012 1:39 pm    Post subject: Reply with quote

Quote:
Got teacher certification and ac couple years in the classroom then a decent international or bilingual school just about anywhere on the planet.


That's where I stand, bar the few years teaching experience. The best package I have been offered has been in the ME. However, I do have an interview for aschool in Thailand coming up soon.
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Sat Mar 10, 2012 6:18 pm    Post subject: Reply with quote

This topic was also discussed at: http://forums.eslcafe.com/job/viewtopic.php?t=94266
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aridion



Joined: 30 Aug 2010
Posts: 55

PostPosted: Sat Mar 10, 2012 7:24 pm    Post subject: Reply with quote

Thank you Nomad Soul.
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EFLeducator



Joined: 16 Dec 2011
Posts: 595
Location: NONE OF YOUR BUSINESS

PostPosted: Sat Mar 10, 2012 11:18 pm    Post subject: Re: Best Countries to save cash? Reply with quote

aridion wrote:
Which, in your opinion are the best countries to save cash in? I am thinking Saudi Arabia and some other ME countries. Anywhere else folks?


The Middle East
South Korea
Japan
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johntpartee



Joined: 02 Mar 2010
Posts: 3258

PostPosted: Sun Mar 11, 2012 12:01 am    Post subject: Reply with quote

China, if you have a university position. (Housing provided.)
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rayman



Joined: 24 May 2003
Posts: 427

PostPosted: Sun Mar 11, 2012 12:14 am    Post subject: Reply with quote

Quote:
Got teacher certification and ac couple years in the classroom then a decent international or bilingual school just about anywhere on the planet.


That's where I stand, bar the few years teaching experience. The best package I have been offered has been in the ME. However, I do have an interview for aschool in Thailand coming up soon.


With teacher certification and no classroom experience, international schools in China would be your best bet. There are so many of them opening up everywhere and students pay big fees, but the often undesirable location and sheer number of them make it difficult for many to hire qualified teachers with experience. At a run of the mill school such as Utahloy you'd be making around $40 000/year with free accommodation, food, travel etc. Plus there's less temptation to spend money in China, although admittedly not as little as the ME. If you were focussed on saving, there's no reason why you couldn't pocket US$25000/year.
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aridion



Joined: 30 Aug 2010
Posts: 55

PostPosted: Sun Mar 11, 2012 9:31 am    Post subject: Reply with quote

^ Thank you Rayman. I am currently in the process of sending all my documents away to a school in Saudi.

I tried a few Chinese Schools, but haven't had a response yet.
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rayman



Joined: 24 May 2003
Posts: 427

PostPosted: Sun Mar 11, 2012 9:56 am    Post subject: Reply with quote

No worries, good luck. I find the biggest obstacle to saving money as a teacher in an international school is budgeting during the holiday period. With 3 months break per year, it's those times when you can easily spend up big. Manage that issue and you can save a bundle.
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Christian St.Bacon



Joined: 26 Oct 2011
Posts: 54

PostPosted: Sun Mar 11, 2012 1:17 pm    Post subject: Want to save as much as possible.......... Reply with quote

try Zimbabwe....
$100 Trillion notes ($100,000,000,000,000) are easy to earn

Shukran 'no need for overtime' very much
Wink Very Happy Razz
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Mon Mar 12, 2012 7:28 am    Post subject: Reply with quote

Depends on salary and cost of living. I'm looking at moving from Korea to Vietnam or China. I'll be making the same. The lower cost of living means that I can save more and still afford a maid / nanny / cook
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Iceman33



Joined: 08 Nov 2009
Posts: 91

PostPosted: Wed Mar 21, 2012 12:27 am    Post subject: Reply with quote

Some countries in the Middle East

South Korea

Japan


You can sometimes live well in poorer countries like Thailand, Indonesia, China, etc., but once your money is converted into US dollars, it's nada.

I've heard some not so good things about the pay for EFL teachers in South America (in general terms). Turkey and Russian don't seem so hot, either, although I knew someone who told me that they managed to save a little in the latter (particular case, lol).
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tttompatz



Joined: 06 Mar 2010
Posts: 1951
Location: Talibon, Bohol, Philippines

PostPosted: Wed Mar 21, 2012 12:56 am    Post subject: Reply with quote

Iceman33 wrote:
Some countries in the Middle East

South Korea

Japan


You can sometimes live well in poorer countries like Thailand, Indonesia, China, etc., but once your money is converted into US dollars, it's nada.

I've heard some not so good things about the pay for EFL teachers in South America (in general terms). Turkey and Russian don't seem so hot, either, although I knew someone who told me that they managed to save a little in the latter (particular case, lol).


While that may be true at the entry level the chance to save is pretty decent once you get above that.
(get a job paying 50-60k (or better) in Thailand and your savings are easily on the order of US$15k+ per year.

Again, a typical newbie mistake (even if you aren't a newbie) - comparing base salaries rather than SAVINGS and quality of living AND decent savings ARE possible in poorer countries like China, Thailand and Indonesia (I dare say that there are more than a few teachers saving more in Thailand than their counterparts in the US after costs of living are factored in).

.
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isitts



Joined: 04 Jun 2010
Posts: 193
Location: Korea

PostPosted: Wed Mar 21, 2012 1:53 pm    Post subject: Reply with quote

You guys bolstering China may want to look at the China forums.
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