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Big Bucks in Taiwan?

 
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Muu



Joined: 13 Sep 2004
Posts: 2

PostPosted: Wed Sep 15, 2004 1:59 pm    Post subject: Big Bucks in Taiwan? Reply with quote

Many writers state that an ESL teacher is able to save $10,000 + U.S. annually working in Taiwan.
How does one typically go about converting quantities of Taiwanese dollars to U.S. $ and get them safely out of the country upon leaving?

Also, if one works in Taiwan first and later moves on to China, does the Taiwan visa on one's passport cause any problems in China?

Thanks!
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markholmes



Joined: 21 Jun 2004
Posts: 661
Location: Wengehua

PostPosted: Wed Sep 15, 2004 3:50 pm    Post subject: Reply with quote

Most people transfer money home by bank transfer. Its fairly cheap. US$10,000 ayear savings is definitely achieveable.

No, the Taiwan visa won't effect your entry to China.
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Aristotle



Joined: 16 Jan 2003
Posts: 1388
Location: Taiwan

PostPosted: Thu Sep 16, 2004 5:31 am    Post subject: Reply with quote

The money isn't what it used to be and I not just talking about the exchange rate. Taiwan in general has been in a steady rate of decline for the last five years and few expect the local economy to get better any time soon, if at all. Many foreign corporations have left as well, reducing the demand for English language skills.
You can still make good money teaching in Taiwan but it is a lot harder than it used to be.
Good luck,
A.
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Chairman Roberto



Joined: 04 Mar 2003
Posts: 150
Location: Taibei, Taiwan

PostPosted: Fri Sep 17, 2004 12:11 am    Post subject: Reply with quote

Oh, for the love of...

Money grows on trees here. The first few months are bumpy, but if you're charming person, a competent teacher, and are good at cultivating guanxi (relationships), the sky's the limit. If you come here without a job and avoid those get hired over the internet scams, the rough average wage here would be about 70,000/month. You can make alot more if you work your *ss off and hustle up privates. I'm an editor myself, and my wage is roughly HALF of what a good teacher makes, and I'm doing alright...saving at least US$1,000/month.

There's jobs up the wazoo here, at least in Taipei. My advice...come here jobless with about US$1,500 in your pocket to get set up. Be chipper and professional with a nice resume and good interview suit. Learn a little Chinese. Eat Chinese food.

For the rest of you jokers moanin' and groanin' about Taiwan or Taipei in particular, try living in the Philippines for two years like I did. Then you'll realize what a paradise this place is. Manila would eat you alive and spit you out like last night's chewing tobacco.

And you can take that to the bank,
The Chairman!
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WorkingVaca



Joined: 16 Jan 2003
Posts: 135

PostPosted: Sat Sep 25, 2004 5:17 am    Post subject: Relativity Reply with quote

Relativity. Maybe some people think 50,000-70,000NT (about 1,000-2,000USD) is big money if they didn't have a well-paying job in their home country. And people making more than 70K generally work in kindergartens all day and buxibans at night. So it's not that you can make a killing here, it's that you can SAVE if you're frugal:

Are you already debt free?

Do you mind living with 1-3 roomates?

Do you mind staying in Taiwan all year with only one week vacation at Chinese New Year to spend sleeping and watching TV like the locals?

Do you limit your entertainments to going out just once a week or less?

Can forgoe buying a scooter and ride the bus and MRT?

Can you find a girlfriend that doesn't expect you to pay for everything?

Will you not be taking Chinese lessons?

Do you mind working more than 8 hours a day, sometimes 6 days a week?

Then you can save $10,000 or more living here. Otherwise, you'll be spending it on all the things that involve having a life.
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markholmes



Joined: 21 Jun 2004
Posts: 661
Location: Wengehua

PostPosted: Sat Sep 25, 2004 6:04 am    Post subject: Reply with quote

Quote:
Can forgoe buying a scooter and ride the bus and MRT?


Buying a scooter saved me a fortune!!
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The Great Wall of Whiner



Joined: 29 Jan 2003
Posts: 4946
Location: Blabbing

PostPosted: Sat Sep 25, 2004 3:27 pm    Post subject: Reply with quote

I taught in Taiwan.

I'm now in China.

'Nuff said on that question.
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Muu



Joined: 13 Sep 2004
Posts: 2

PostPosted: Sat Sep 25, 2004 8:58 pm    Post subject: Re: Relativity Reply with quote

WorkingVaca wrote:
Relativity. Maybe some people think 50,000-70,000NT (about 1,000-2,000USD) is big money if they didn't have a well-paying job in their home country. And people making more than 70K generally work in kindergartens all day and buxibans at night. So it's not that you can make a killing here, it's that you can SAVE if you're frugal:

Quote:

Are you already debt free?

Of course!
Quote:

Do you mind living with 1-3 roomates?

Just like in Manhattan
Quote:

Do you mind staying in Taiwan all year with only one week vacation at Chinese New Year to spend sleeping and watching TV like the locals?

Ditto.
Quote:

Do you limit your entertainments to going out just once a week or less?

Who doesn't?
Quote:

Can forgoe buying a scooter and ride the bus and MRT?

I heartily support public transportation.
Quote:

Can you find a girlfriend that doesn't expect you to pay for everything?

Who knows?
Quote:

Will you not be taking Chinese lessons?

Maybe, maybe not.
Quote:

Do you mind working more than 8 hours a day, sometimes 6 days a week?

I have been for the last 30 years. No problema!
Quote:

Then you can save $10,000 or more living here. Otherwise, you'll be spending it on all the things that involve having a life.

Thanks for your help! But my question was about taking cash out of the country. Cheers!
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Fortigurn



Joined: 29 Oct 2003
Posts: 390

PostPosted: Sun Sep 26, 2004 1:13 am    Post subject: Re: Relativity Reply with quote

WorkingVaca wrote:
Do you mind staying in Taiwan all year with only one week vacation at Chinese New Year to spend sleeping and watching TV like the locals?


Heck, I've been here only three months, and my school is already letting me take 2 weeks off to go to HK and China. And that still leaves me with 2 weeks leave in hand. Ok, it's not paid leave, but it's better than one week off at CNY.

Loved the rest of your post though.
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