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paigemel
Joined: 09 Aug 2011 Posts: 11
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Posted: Tue Sep 06, 2011 12:52 am Post subject: Best country for a novice who wants to save |
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For months I have been planning to teach esl in Thailand in the hopes that I will be able to save enough to seriously reduce my student loans. But I recently have been reading forums that suggest this is definitely not the best country in which to do this.
I have no experience teaching esl, but am a certified and college educated, 20 something, white female. If I am interested in paying off debts with my income earned teaching esl, what countries would you recommend? In Korea or Japan will the living costs be too high to save?
I hope this is a realistic plan, because I have already made up my mind to go. The more detail one can share the better. Thank you. |
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jpvanderwerf2001
Joined: 02 Oct 2003 Posts: 1117 Location: New York
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Posted: Tue Sep 06, 2011 1:25 am Post subject: |
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I would think Korea would be a good place to try and save. Also, Vietnam can pay pretty well compared to the cost of living.
I worked in a call center in India, and we had a very nice package.
Of course, much of the discussion has to do with how much you expect to save, and how much you have to pay in debts. |
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paigemel
Joined: 09 Aug 2011 Posts: 11
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Posted: Tue Sep 06, 2011 1:43 am Post subject: |
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Thanks for getting back to me. I have about 60K american in loans. I heard a fantastic story about a girl who paid off about that same amount in two years teaching ESL in an Asian country. Even paying off half my debt would be great.
I had my sights set on Thailand based on the income vs cost of living. But now I am finding that the starting salary (20,000-30,000 B/mo) is not such high pay and the "respectable" status of teachers is actually the reverse.
Apparently, it's quite high stress over there. My current career is a highly stressful one (mental health counseling) and I would like to avoid the cultural and professional stresses some are saying relate to jobs in Korea and Thailand.
I'd value a culture I can relate to, as an optimistic and somewhat outgoing American woman, and to find my specific type of birth control (micronor). Go figure. Party life is take it or leave it.
I would be open to Korea or Vietnam, although I may be more comfortable in Japan.
I would also be open to living/teaching in S. American countries, if any provide competitive salaries.....eh? |
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tttompatz

Joined: 06 Mar 2010 Posts: 1951 Location: Talibon, Bohol, Philippines
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Posted: Tue Sep 06, 2011 4:40 am Post subject: |
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For non-licensed (do not have home country teacher's license), fresh-off-the-plane, newbie, ESL/EFL teachers the BEST opportunity for saving money and paying down your student loans is in Korea.
The cost of living isn't that low (it is a developed country) but with remuneration packages that include airfare, rent, severance and low taxes your chance to save is high. (typical newbies bank $10k per year and those who network into better positions can bank $15k per year and still have a comfortable lifestyle with occasional trips to other SE Asia destinations during their holiday breaks). Start-up costs are minimal (about $1000 for living expenses and $300 for documents and visa related costs). Go register on the Korean forums.
Japan is OK but the market is COMPETITIVE and your start-up costs are huge ($5,000 is not out of the ballpark).
Taiwan would be similar to Japan in earnings, savings and setup costs, and jobs are usually easier to find but they are not always full time (hourly wages rather than monthly salary is becoming more common).
In Thailand, fresh off the plane newbies won't save anything in their first year. Salaries are low ($1000-1200/mo) and the costs of living in the big Mango aren't that low (rents of $300 + all your other living expenses). You won't save anything in your first year.
China might be worth a 2nd look. Hunt around and you can find jobs in the 10k CNY range that also include benefits like housing, end of contract bonuses, airfare allowance, etc. This may not sound like much $1200-1500 but the net savings of about $800-1000 add up in a hurry.
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Last edited by tttompatz on Tue Sep 06, 2011 7:27 am; edited 1 time in total |
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Glenski

Joined: 15 Jan 2003 Posts: 12844 Location: Hokkaido, JAPAN
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Posted: Tue Sep 06, 2011 4:50 am Post subject: Re: Best country for a novice who wants to save |
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| paigemel wrote: |
For months I have been planning to teach esl in Thailand in the hopes that I will be able to save enough to seriously reduce my student loans. But I recently have been reading forums that suggest this is definitely not the best country in which to do this.
I have no experience teaching esl, but am a certified and college educated, 20 something, white female. If I am interested in paying off debts with my income earned teaching esl, what countries would you recommend? In Korea or Japan will the living costs be too high to save? |
Nobody can answer your question until we know what your monthly repayment plan is. That is, how much do you have to pay off every month? |
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paigemel
Joined: 09 Aug 2011 Posts: 11
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Posted: Tue Sep 06, 2011 11:39 am Post subject: |
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@ttompatz: great advice
@glenski: I currently pay $6-700/mo and would like to pay more. |
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naturegirl321

Joined: 04 May 2003 Posts: 9041 Location: home sweet home
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Posted: Tue Sep 06, 2011 1:07 pm Post subject: |
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| paigemel wrote: |
I had my sights set on Thailand based on the income vs cost of living. But now I am finding that the starting salary (20,000-30,000 B/mo) is not such high pay and the "respectable" status of teachers is actually the reverse.
Apparently, it's quite high stress over there. My current career is a highly stressful one (mental health counseling) and I would like to avoid the cultural and professional stresses some are saying relate to jobs in Korea and Thailand.
I'd value a culture I can relate to, as an optimistic and somewhat outgoing American woman, and to find my specific type of birth control (micronor). Go figure. Party life is take it or leave it.
I would be open to Korea or Vietnam, although I may be more comfortable in Japan.
I would also be open to living/teaching in S. American countries, if any provide competitive salaries.....eh? |
tttompatz is famous for saying that while salaries are low, costs of living make up for it and you might end up saving more in Thailand than Korea. Though your first year in just about any country you're going to have to deal with start up costs.
Japan, check with Glenski, he's the expert, but from what I gather, the job market is tough.
The best thing to do is go somewhere where salary is high, start up costs are low and cost of living is low. Maybe newbies head to the Land of the Morning Calm and ther's a separate forum for that.
As for birth control, it might be hard to find the exact brand, good news is that you'll probably get it over the country cheaply so can try a couple.
There's stress anywhere. YOu're not going to find a place, other than utopia, that's not stressful in someway.
SOuth America? Mexico maybe, but LA isn't known for its salaries, it's known for the lifestyle. |
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Glenski

Joined: 15 Jan 2003 Posts: 12844 Location: Hokkaido, JAPAN
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Posted: Tue Sep 06, 2011 2:01 pm Post subject: |
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| paigemel wrote: |
| @glenski: I currently pay $6-700/mo and would like to pay more. |
That's easily doable in Japan, and you still need to be a bit thrifty to manage that but not horribly so.
As for that "fantastic story" you heard, the devil is in the details. Paying off US$60,000 in 2 years is indeed fantastic, but I suspect that there was a lot of skimping and scrimping and bread and water days, plus lots of supplementary work.
Your basic salary in Japan would be 250,000 yen/month x 12 = 3 million yen/year. VERY roughly that calculates to $37,500. Do the math -- to pay off 60 grand means spending every penny she made under those circumstances, but one also has to take into account the fact that half of that salary is lost to basic needs. Again, do the math. "Fantastic", indeed, if it was Japan. |
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SahanRiddhi
Joined: 18 Sep 2010 Posts: 267
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Posted: Tue Sep 06, 2011 2:17 pm Post subject: |
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