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New "get rich quick/save a lot" countries?
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parrothead



Joined: 02 Nov 2003
Posts: 342
Location: Japan

PostPosted: Wed Nov 26, 2008 1:25 am    Post subject: Reply with quote

I've seen quite a few job adverts for positions in Afghanistan. You can get rich quick, but there is a chance you would die quick too.
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Marcoregano



Joined: 19 May 2003
Posts: 872
Location: Hong Kong

PostPosted: Wed Nov 26, 2008 1:56 am    Post subject: Reply with quote

Yes, Aghanistan - a roll of the dice - kind of like Las Vegas ...!
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ESL Hobo



Joined: 23 Oct 2008
Posts: 262

PostPosted: Wed Nov 26, 2008 1:59 am    Post subject: Reply with quote

I have done some research into this question, get rich quick, does not apply to being a TEFLer. But, from what I can tell the best place in asia right now for earning a decent wage for the average tefler, all things considered, is Vietnam. Better yet start your own school there if you have capital or can find a partner who does. In times of recession in asia a lot of people invest in their "English Language" education.

It's great you will be getting your Masters, even though it is in a non-native speaking country, perhaps you could try International schools in Indonesia.

Best wishes
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ESL Hobo



Joined: 23 Oct 2008
Posts: 262

PostPosted: Wed Nov 26, 2008 2:02 am    Post subject: Reply with quote

Hahahaha,

Very true, Parrothead.
Also if you can get security clearance, Iraq pays very well, indeed.
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naturegirl321



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

PostPosted: Wed Nov 26, 2008 1:38 pm    Post subject: Reply with quote

Ok, get rich quick is hard, but there must be places where you can save decent amounts nowadays.
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ESL Hobo



Joined: 23 Oct 2008
Posts: 262

PostPosted: Wed Nov 26, 2008 8:39 pm    Post subject: Reply with quote

For the Middle East the easiest place to enter without a lot of visa hassle is Kuwait, it has its drawbacks but pays around $3000usd per month tax free plus accommodations plus roundtrip flight. The people on the Kuwait forum at Daves are very nice, perhaps have a chat with them.

For the Far East the best place right now, all things considered is, Vietnam, taxes are high 20 to 30 %, no round trip ticket, no free room, pay is about $1,500 to $1,800 for starters. Cost of living is reasonable but is going up same as everywhere else. If a person were frugal they could save around $800 a month, not a lot of hassles entering the country, most teachers never go through all the required forms, teacher turnover is high, and there are tons of schools, so getting a job is easy, plus Vietnam is an Amazing country.

Taiwan pays about $2,000 starting out but things are more expensive if you live in Taipei(where most of the jobs are) and most of the jobs are teacing kids(jobs teaching strictly adults pay less and are harder to come by)If you want to know the downside of teacing in Taiwan just go that forum, lots of negative stuff, check out, "A cautionary Tale".

take care
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teflcapie



Joined: 16 Feb 2008
Posts: 17

PostPosted: Thu Nov 27, 2008 8:58 am    Post subject: Reply with quote

What is the situation like in Thailand nowadays? I checked for apartments to rent and the prices don't seem to have gone up much in the past few years. Any chance of saving money on a TEFL salary there?
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teflcapie



Joined: 16 Feb 2008
Posts: 17

PostPosted: Thu Nov 27, 2008 9:05 am    Post subject: Reply with quote

A friend of mine earns about $850 per month in South Africa right now. He only pays $250 for a nice one bedroom apartment though. So I guess he could save some money.

The bad part is he has to teach 35 contact hours per week, plus a lot of preparation.
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Nabby Adams



Joined: 08 Feb 2008
Posts: 215

PostPosted: Thu Nov 27, 2008 10:07 am    Post subject: Reply with quote

South Africa!!!!!!!!!!!!$850!!!!!!!!!!!!!!!35 hours a week!!!!!!!!!

In what way is a $6 an hour job a "get rich quick" country? Very Happy
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SueH



Joined: 01 Feb 2003
Posts: 1022
Location: Northern Italy

PostPosted: Thu Nov 27, 2008 3:13 pm    Post subject: Reply with quote

Nabby Adams wrote:
In what way is a $6 an hour job a "get rich quick" country? Very Happy


You're ignoring the prep time. It's less than $6 an hour!!
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GambateBingBangBOOM



Joined: 04 Nov 2003
Posts: 2021
Location: Japan

PostPosted: Thu Nov 27, 2008 4:00 pm    Post subject: Reply with quote

teflcapie wrote:
What is the situation like in Thailand nowadays? I checked for apartments to rent and the prices don't seem to have gone up much in the past few years. Any chance of saving money on a TEFL salary there?



Shocked

Protesters have blocked off the airports and so nobody can get in or out. So unless you're already there, the situation these days is pretty bad.

The quickest way to get rich is to stick to one thing (this includes one country- getting to know people and how it works, the local language etc) and work at it. Sort of like... uh... like... yu know... ummm... a career?
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Teacher in Rome



Joined: 09 Jul 2003
Posts: 1286

PostPosted: Thu Nov 27, 2008 9:02 pm    Post subject: Reply with quote

And, following on from GambateBBB, keep an eye on the taxes.

If you want to go the legal route, make sure you don't earn above penalising tax bands. For example, in Italy you can earn up to 30,000 euro a year as a freelancer, paying 20% tax and around 20% NI. If you earn above this, you get stung for the full tax rate - up to another 10% on top. So unless you're prepared to also work on the black, make sure you are familiar with your chosen country's fiscal policies before you go.

Oh, and don't leave a paper trail if you work on the black!
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SueH



Joined: 01 Feb 2003
Posts: 1022
Location: Northern Italy

PostPosted: Thu Nov 27, 2008 11:10 pm    Post subject: Reply with quote

As TiR knows, most EFL teachers in Italy would laugh at the thought of getting anywhere near 30,000 euro earnings. Why, I think that's more than Berlusconi declares...

For those of you tempted by some of the rates on offer at London language schools, you could always become a Santa: no prep time and decent hours.

http://www.guardian.co.uk/lifeandstyle/2008/nov/27/christmas-santa-claus-selfridges
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PattyFlipper



Joined: 14 Nov 2007
Posts: 572

PostPosted: Fri Nov 28, 2008 11:57 pm    Post subject: Reply with quote

teflcapie wrote:
What is the situation like in Thailand nowadays? I checked for apartments to rent and the prices don't seem to have gone up much in the past few years. Any chance of saving money on a TEFL salary there?


Forget it. Thailand is just about the last place you should go if you want to save money.
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Sat Nov 29, 2008 12:24 am    Post subject: Reply with quote

Newbies can't save a great deal in Mexico, but for the qualified, you can do quite well here. My significant other and I have managed to save about 15,000 dollars over the last 6 months, with effort though as we're buying a house in the new year.
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