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What would you do with a spare £15 grand?
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What to do with 15 grand?
Blow it all on drugs and whores
17%
 17%  [ 3 ]
Blow it all on education
41%
 41%  [ 7 ]
Blow it all on vocational training
5%
 5%  [ 1 ]
Blow it all on property
35%
 35%  [ 6 ]
Total Votes : 17

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OdysseySeeker



Joined: 02 May 2014
Posts: 8

PostPosted: Sun May 04, 2014 11:17 pm    Post subject: What would you do with a spare £15 grand? Reply with quote

I'm 35, with 15 grand earned in the middle east (not from teaching English). I want to change paths work-wise. I want to teach English, because I love doing it, but obviously I'm not sure about the long-term prospects.

My current line of work is drying up. Let's assume for a moment that's it's going to disappear completely (which probably isn't far from the truth anyway).

I don't want to move back in with the parents!

Should I put this money into education? A DELTA then Masters (is this possible without a Bachelors degree?), or something else?

What about putting it into vocational training?

What would you do? Or rather, what do you think I should do?
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suphanburi



Joined: 20 Mar 2014
Posts: 916

PostPosted: Sun May 04, 2014 11:26 pm    Post subject: Reply with quote

What do you want to do when you get all "growed-up" ?

IF you want to be a teacher then go back and get a B.Ed.
It opens up a LOT more doors than a DELTA (inside and outside of a classroom).

.
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OdysseySeeker



Joined: 02 May 2014
Posts: 8

PostPosted: Sun May 04, 2014 11:41 pm    Post subject: BEd Reply with quote

I'm not sure 15k is enough for a BEd.

But you have made me think - maybe there are bursaries available for these 'on the job' Beds. I'll check it out.
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nomad soul



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

PostPosted: Mon May 05, 2014 12:19 am    Post subject: Reply with quote

Get a BA; you'll need one anyway to legally work in most countries.
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naturegirl321



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

PostPosted: Mon May 05, 2014 12:19 am    Post subject: Reply with quote

Why isn't save it or invest it an option?
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nomad soul



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

PostPosted: Mon May 05, 2014 12:20 am    Post subject: Reply with quote

naturegirl321 wrote:
Why isn't save it or invest it an option?

Education is an investment.
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suphanburi



Joined: 20 Mar 2014
Posts: 916

PostPosted: Mon May 05, 2014 1:51 am    Post subject: Reply with quote

nomad soul wrote:
Get a BA; you'll need one anyway to legally work in most countries.


True dat. (BA., B.Sc. or B.Ed is up to you there OP.)

Education to a 1st degree level is commonly a visa requirement.

It certainly is or will be in ALL of east Asia (ASEAN block +6) by 2015 for (legal) work in EFL.

.
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scot47



Joined: 10 Jan 2003
Posts: 15343

PostPosted: Mon May 05, 2014 9:18 am    Post subject: Reply with quote

Get a first degree.
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Shroob



Joined: 02 Aug 2010
Posts: 1339

PostPosted: Mon May 05, 2014 9:23 am    Post subject: Reply with quote

What currency is the money? GBP? USD?

Tuition fees are now 9k per year for home students in the UK (though you may not be classed as a home student now). So you're still looking at an extra of 17k just for the tuition - then there's accommodation, food, etc.

Do you have a bachelor's degree?
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OdysseySeeker



Joined: 02 May 2014
Posts: 8

PostPosted: Mon May 05, 2014 10:15 am    Post subject: Reply with quote

Shroob wrote:
What currency is the money? GBP? USD?

Tuition fees are now 9k per year for home students in the UK (though you may not be classed as a home student now). So you're still looking at an extra of 17k just for the tuition - then there's accommodation, food, etc.

Do you have a bachelor's degree?


It's £15,000, as stated in the title.

No bachelor's degree.

In response to someone else, saving it is an option, but the point of this post is how to SPEND it on education OR training in order to change career paths.

Many folk here are touting the Bachelors, which is fair, but I think most folk here are recommending the Bachelors with the aim of using it to work in TEFL. However, bear in mind that I'm not NECESSARILY looking to teach English long-term, so all options are on the table.

15k isn't enough to cover tuition fees as a home student (I think these fees are ASTRONOMICAL btw!), but it's just about enough to cover Open University tuition fees (they're about 5.5k per year).
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Shroob



Joined: 02 Aug 2010
Posts: 1339

PostPosted: Mon May 05, 2014 10:29 am    Post subject: Reply with quote

OdysseySeeker wrote:
Shroob wrote:
What currency is the money? GBP? USD?

Tuition fees are now 9k per year for home students in the UK (though you may not be classed as a home student now). So you're still looking at an extra of 17k just for the tuition - then there's accommodation, food, etc.

Do you have a bachelor's degree?


It's £15,000, as stated in the title.

No bachelor's degree.

In response to someone else, saving it is an option, but the point of this post is how to SPEND it on education OR training in order to change career paths.

Many folk here are touting the Bachelors, which is fair, but I think most folk here are recommending the Bachelors with the aim of using it to work in TEFL. However, bear in mind that I'm not NECESSARILY looking to teach English long-term, so all options are on the table.

15k isn't enough to cover tuition fees as a home student (I think these fees are ASTRONOMICAL btw!), but it's just about enough to cover Open University tuition fees (they're about 5.5k per year).


My reading skills aren't what they used to be...

What are your concerns about the long-term aspects of this. You said you loved teaching, do you worry it may be a passing phase? Or do you think the bottom may fall out of the market?

It is possible to get on MAs without a first degree, though you have to show your potential elsewhere e.g. work experience.
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OdysseySeeker



Joined: 02 May 2014
Posts: 8

PostPosted: Mon May 05, 2014 10:36 am    Post subject: Shroob Reply with quote

"What are your concerns about the long-term aspects of this. You said you loved teaching, do you worry it may be a passing phase? Or do you think the bottom may fall out of the market?"

I think my only concern is that working towards, and reaching, a position in the TEFL job market where I can make decent money, means I would only be able to make good money abroad, rather than in the UK.

Ultimately, I would like the option of living and working in the UK making AT LEAST 28k a year (gross).
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fat_chris



Joined: 10 Sep 2003
Posts: 3198
Location: Beijing

PostPosted: Mon May 05, 2014 12:47 pm    Post subject: Reply with quote

What?!? No one voted for "blow it all on drugs and whores"? (not yet).

Cool

HST, R.I.P.

Warm regards,
fat_chris
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MuscatGary



Joined: 03 Jun 2013
Posts: 1364
Location: Flying around the ME...

PostPosted: Mon May 05, 2014 12:51 pm    Post subject: Reply with quote

fat_chris wrote:
What?!? No one voted for "blow it all on drugs and whores"? (not yet).


I couldn't find the option that said blow half on drugs and whores and the rest on booze....
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grahamb



Joined: 30 Apr 2003
Posts: 1945

PostPosted: Mon May 05, 2014 2:14 pm    Post subject: Spend, spend, spend Reply with quote

A memorable quote from the late George Best:

I spent a lot of money on booze, birds and fast cars. The rest I just squandered.
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