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Best country for a novice who wants to save
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paigemel



Joined: 09 Aug 2011
Posts: 11

PostPosted: Tue Sep 06, 2011 12:52 am    Post subject: Best country for a novice who wants to save Reply with quote

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

PostPosted: Tue Sep 06, 2011 1:25 am    Post subject: Reply with quote

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

PostPosted: Tue Sep 06, 2011 1:43 am    Post subject: Reply with quote

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

PostPosted: Tue Sep 06, 2011 4:40 am    Post subject: Reply with quote

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.

.


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

PostPosted: Tue Sep 06, 2011 4:50 am    Post subject: Re: Best country for a novice who wants to save Reply with quote

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

PostPosted: Tue Sep 06, 2011 11:39 am    Post subject: Reply with quote

@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

PostPosted: Tue Sep 06, 2011 1:07 pm    Post subject: Reply with quote

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

PostPosted: Tue Sep 06, 2011 2:01 pm    Post subject: Reply with quote

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

PostPosted: Tue Sep 06, 2011 2:17 pm    Post subject: Reply with quote

With 60k in debt that you wish to pay off sooner rather than later, Korea is the one that makes the most sense. China is a possibility of you are of an enterprising nature. You would take a modestly paid university job and then track down lots of part-time work or private students in your spare time (which will be abundant if you take a university job). The startup cost for China are low.

I'd try one of those two options, with the former being more of a sure thing. The culture and people of the latter appeal more to me, which isn't saying much, but some do like the former.


Last edited by SahanRiddhi on Tue Sep 06, 2011 3:46 pm; edited 1 time in total
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paigemel



Joined: 09 Aug 2011
Posts: 11

PostPosted: Tue Sep 06, 2011 3:30 pm    Post subject: Reply with quote

I think the fantastic story may have happened in Vietnam or S. Korea. I'm partial to Japan (in a cultural sense) and curious if I were to stay for 2 years in a country would S. Korea or Japan be the better alternative. For instance, would I be able to skip the high start-up costs if I stay a second year and therefore save about 5k in Japan. Or perhaps, the networking opportunities in S. Korea might lead to a better position and increased pay. Basically, how these factors change if my plan becomes more long-term rahter than short term?
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Shroob



Joined: 02 Aug 2010
Posts: 1339

PostPosted: Tue Sep 06, 2011 4:07 pm    Post subject: Reply with quote

I thought I'd chip in with my thoughts, the pot of gold in the TEFL world can be the middle east. The drawback is that it often requires experience (possibly an MA) and for some people the lifestyle isn't appealing. That said, the money is fantastic. So one option could be to go to a country you want to visit first for a few years, you probably won't make fantastic money but you'd get the experience required to teach in the middle east. So you wouldn't pay off your loans in 2 years, but by the thrid year (in the middle east) you could earn quite a bit.
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paigemel



Joined: 09 Aug 2011
Posts: 11

PostPosted: Tue Sep 06, 2011 4:45 pm    Post subject: Reply with quote

Everyone, thank you for all your input so far. It was very helpful and I'm always open to new ideas.
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Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Tue Sep 06, 2011 10:28 pm    Post subject: Reply with quote

paigemel wrote:
I'm partial to Japan (in a cultural sense) and curious if I were to stay for 2 years in a country would S. Korea or Japan be the better alternative.
This is a debate that goes on forever. I'd say register for the Korea forum and get the scoop from people there on what life is like, and at the same time ask for people to send you a PM to discuss things if they have lived in both countries. I say PM because site policy usually prohibits discussion of Korea outside of that forum. (Note the sticky at the top of the page: http://forums.eslcafe.com/job/viewtopic.php?t=79359 ).

Quote:
For instance, would I be able to skip the high start-up costs if I stay a second year and therefore save about 5k in Japan.
Start-up means starting up, as in what you have to shell out the first year, so by that very definition, if you stay a second year you won't have start-up costs (unless you change employers in a different part of the country).

Start-up from outside the country: You seek to be hired before you come, so that means airfare and potentially some rental deposit, plus any expenses you pay to travel to interviews in your home country.
Start-up from inside the country: You seek to land a job after you arrive, so that means airfare, rental deposits, costs for food, phone, dry cleaning, photocopying, local transportation, etc., essentially everything for daily survival and interviewing before you get that first paycheck.

If you stay a second year, start-up from within does not include airfare, but if you seek a job far away in the country from where you currently reside, there will still be travel expenses for interviews and relocation of your goods.

Quote:
Or perhaps, the networking opportunities in S. Korea might lead to a better position and increased pay. Basically, how these factors change if my plan becomes more long-term rahter than short term?
Again, I'm a little confused here. If you are here a year or 2, you will by virtue of your presence have done some measure of networking. How much is up to you, and what value they are is a roll of the dice, but intrinsically speaking, knowing more people will help you, yes.

Now, also understand that (at least in Japan) even after only a year you are not considered to have paid your dues. You are still a newbie, even if not a total greenhorn. That wears off after 2-3 years, depending on the individual. Many keep themselves in a "foreigner bubble" or in some other way bury their heads in the sand to the market, even after 2-3 years (sometimes longer!). Bottom line, make the most of your networking. You know what they say: the day you should start looking for that next job is the day you start the one you have!

Just curious -- what would you consider a "better position"? So many are all the same unless you have higher credentials and more than 1-2 years of experience.
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Enrico Palazo



Joined: 29 Aug 2011
Posts: 13

PostPosted: Sun Sep 18, 2011 6:20 pm    Post subject: And South America Reply with quote

I noticed that nobody said South America as a good place to save, nor Spain. Is it really that bad? Even the Lincoln School in Buenos Aires or American schools in Madrid or Bacelona? Are universities an option if I have an American teaching degree?
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lydia.bainbridge



Joined: 19 Jun 2011
Posts: 33

PostPosted: Sun Sep 18, 2011 6:49 pm    Post subject: Best country for a novice Reply with quote

I was earning $1200 after taxes at a private university in South America, and I have the impression from what I've read here that I was making out pretty well.
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