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New "get rich quick/save a lot" countries?
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naturegirl321



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

PostPosted: Sat Nov 29, 2008 2:00 pm    Post subject: Reply with quote

Guy Courchesne wrote:
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.


Wow, that's great. Hope that houses there are cheaper than Lima. Here, no kidding, a house is about a quarter of a million dollars and super nice ones are about half a million. Another reason why we'll be moving to the provinces.
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parrothead



Joined: 02 Nov 2003
Posts: 342
Location: Japan

PostPosted: Mon Dec 01, 2008 4:09 am    Post subject: Reply with quote

Guy Courchesne wrote:
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.


Wow, that is some amazing peso pinching. And yet you still have a little left over for that fantastic Christmas tree in your avatar. Very Happy

Thesedays in Japan I save $1500USD a month on average. It's not that hard if you don't eat out too often and cut back on the alcohol. Though unfortunately no Christmas tree either.
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Guy Courchesne



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

PostPosted: Mon Dec 01, 2008 5:22 am    Post subject: Reply with quote

Costs are really low in Mexico so it's not hard to save, if you're networked and qualified. We're two doing the same, so it's easier to save here. We eat out, but not all that often. Cooking at home makes thing really cheap too. We try to keep trips to Canada or the beach down to 3 or 4 times a years in order to save.
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yankeechemist



Joined: 27 Apr 2007
Posts: 50

PostPosted: Tue Dec 23, 2008 2:43 pm    Post subject: Reply with quote

I get a kick out of people who brag they win when they hit vegas. Losing 3k a yr for 10 yrs and hitting for 4k once is not a win in my math world.
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sharter



Joined: 25 Jun 2008
Posts: 878
Location: All over the place

PostPosted: Thu Dec 25, 2008 10:12 am    Post subject: Rotations Reply with quote

Rotations are the best gig in EFL. They are mostly with oil companies and increasingly in Africa and not the Middle East.

I work 6 on, 3 off and earn a good crust. I've been doing this kind of thing for ages on and off.

18 weeks holiday a year with enough money to go anywhere, do anything and still not run up any debts.

Libya and Equatorial Guinea are 2 hiring spots.

These posts aren't for everyone though.
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alexcase



Joined: 26 Jul 2007
Posts: 215
Location: Seoul

PostPosted: Tue Dec 30, 2008 12:19 pm    Post subject: Reply with quote

The EL Gazette recommends Libya for saving more even than Saudi but having much friendlier people. Might mean being on an oil rig though

TEFLtastic blog - www.tefl.net/alexcase
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Mena



Joined: 02 Jan 2009
Posts: 19
Location: California

PostPosted: Mon Jan 05, 2009 7:51 am    Post subject: Reply with quote

Great thread!
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Samwise



Joined: 21 Dec 2008
Posts: 13

PostPosted: Fri Jan 09, 2009 9:33 pm    Post subject: Reply with quote

Yeah, this has really put it all into perspective. I know a lot of student loans given to US students contain a forgiveness package, IE, you teach a few years and they drop a few percents off. Does any of that apply to ESL taught outside the States?
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Justin Trullinger



Joined: 28 Jan 2005
Posts: 3110
Location: Seoul, South Korea and Myanmar for a bit

PostPosted: Fri Jan 09, 2009 9:48 pm    Post subject: Reply with quote

Quote:
Yeah, this has really put it all into perspective. I know a lot of student loans given to US students contain a forgiveness package, IE, you teach a few years and they drop a few percents off. Does any of that apply to ESL taught outside the States?


Nope. I think they do this to encourage people to go into teaching in the US, where they're badly needed...

They may be badly needed overseas, too, but I don't think the US government feels any need to pay for it.

If you want to do something overseas and get some student loan credit for it, look into the peacecorps. (Or so I hear. I don't know first hand...)

Best,
Justin
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Chirimolla



Joined: 12 Dec 2008
Posts: 6
Location: Yorkshire, England

PostPosted: Sun Feb 01, 2009 12:59 am    Post subject: Reply with quote

If your from the UK, the currency situation is very good at the moment. The pound has plummetted, so depending on where you are teaching, now could be a good time to pay off some student debt.

My stepbrother is on Japan's JET programme at the moment, and doing very well out of it indeed. The Yen has always been considered a safehaven currency, so earnings in yen are worth a lot when converted back into pounds.
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naturegirl321



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

PostPosted: Sun Feb 01, 2009 2:24 am    Post subject: Reply with quote

Samwise wrote:
Yeah, this has really put it all into perspective. I know a lot of student loans given to US students contain a forgiveness package, IE, you teach a few years and they drop a few percents off. Does any of that apply to ESL taught outside the States?


No, but you could apply for economic hardship and put your loans on hold for a bit
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Theriel



Joined: 22 Apr 2003
Posts: 26
Location: Helsinki, Finland

PostPosted: Tue Feb 03, 2009 8:46 am    Post subject: Reply with quote

Well, if you want to do something else than teaching, I know a get-rich-quick scheme that will work out. But i really doubt anyone here is willing Very Happy

In Svalbard, an island quite a bit north of Norway, they hire coal miners.

Disadvantages: minimum contract is I think 2 years, you're in Svalbard, one of the closest inhabitated areas to the north pole (ie you won't see the sun from the end of October until Mid February, at all), and you get to deal with all the problems associated with coal mining.

Advantages: Don't need a visa to work there, and they pay around 80-100,000 NOK per month. That's around 11,000 euros, and tax free. Probably the highest paid basic labor jobs in the world.

I guarantee you'll save money. Wonder if there will be any takers though Very Happy

Don
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sharter



Joined: 25 Jun 2008
Posts: 878
Location: All over the place

PostPosted: Wed Feb 04, 2009 10:17 am    Post subject: ha ha Reply with quote

I'd do it.

What skills do you need and what's the email address? PM me.
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MELEE



Joined: 22 Jan 2003
Posts: 2583
Location: The Mexican Hinterland

PostPosted: Wed Feb 04, 2009 7:55 pm    Post subject: Reply with quote

I'll back up Guy on this one, with the right quals and a bit of luck you can live well on TEFL.

Edited, because I forgot to say, in Mexico, at the end.

My favorite perk, paid sabbaticals with no strings as to how you spend it.


Last edited by MELEE on Wed Feb 04, 2009 9:50 pm; edited 1 time in total
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Never Ceased To Be Amazed



Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...

PostPosted: Wed Feb 04, 2009 8:17 pm    Post subject: Reply with quote

Theriel wrote:
Well, if you want to do something else than teaching, I know a get-rich-quick scheme that will work out. But i really doubt anyone here is willing Very Happy

In Svalbard, an island quite a bit north of Norway, they hire coal miners.

Disadvantages: minimum contract is I think 2 years, you're in Svalbard, one of the closest inhabitated areas to the north pole (ie you won't see the sun from the end of October until Mid February, at all), and you get to deal with all the problems associated with coal mining.

Advantages: Don't need a visa to work there, and they pay around 80-100,000 NOK per month. That's around 11,000 euros, and tax free. Probably the highest paid basic labor jobs in the world.

I guarantee you'll save money. Wonder if there will be any takers though Very Happy

Don


Yeah, but at what cost to your liver???

NCTBA
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