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Money, Money, Money!

 
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Do you chase the cash in Korea?
Yes - You could say I'm on one big gold rush
27%
 27%  [ 16 ]
Half and Half - I have been known to top up my income but I don't overdo it.
25%
 25%  [ 15 ]
No - One job is enough/Money isn't everything/Wrong visa etc.
47%
 47%  [ 28 ]
Total Votes : 59

Author Message
ABC KID



Joined: 14 Sep 2007

PostPosted: Wed Apr 09, 2008 7:37 pm    Post subject: Money, Money, Money! Reply with quote

While you are in Korea do you take every money making opportunity presented to you? Answers might vary according to visa status.

Option 1 - You have multiple jobs and perhaps a few privates too and rarely say no to a quick buck. You can work at almost any hour of the day within reason in search of your next few million won.

Option 2 - You have been known to take the odd job or opportunity to supplement your income but you like your spare time too and don't overdo it.

Option 3 - You only have one job or your visa doesn't permit you to work more than one job. You probably value your spare time more than money.

Please vote according to the options and elaborate on your reasons especially if they don't fall into the brackets above.
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cdninkorea



Joined: 27 Jan 2006
Location: Seoul

PostPosted: Wed Apr 09, 2008 7:46 pm    Post subject: Reply with quote

Option One. I have two part time jobs, both legal. One is in the morning from 6:40-11:00 plus one Saturday per month from 10-5, and the other is in the afternoon from 1-4:50.
I usually end up working three Saturdays per month at job one though because people want the day off and I want the money. I'll sometimes work the evening shift there if someone wants the night off or whatever.

When you're paying off student loans and saving for grad school, it's all about the money.
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teachteach



Joined: 26 Mar 2008

PostPosted: Wed Apr 09, 2008 8:02 pm    Post subject: Reply with quote

Good on you cdninkorea. Saving money for something useful, compared to the other ninkampoop expats in Korea who are waiting to blow it all on their next (tri-yearly) trip to Thailand.
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Suwon23



Joined: 24 Jan 2008

PostPosted: Wed Apr 09, 2008 9:04 pm    Post subject: Reply with quote

I'm definitely type 3. With just one job I can still save 60% of my paycheck, so what's the point in doing privates? And working while you're young to have money when you're old is retarded; life isn't worth living when you're old, no matter how much money you have, so don't waste your good years working. And besides, time is what counts, not money. Money is only there so you can stay alive to enjoy your time.

(yes, I know this is the antithesis of what most Dave folks think, and yes, I imagine they will have some very harsh words for me.)
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WoBW



Joined: 07 Dec 2007
Location: HBC

PostPosted: Wed Apr 09, 2008 9:18 pm    Post subject: Reply with quote

I like my free time to much to work all the time. I love just hanging around at home doing nothing in particular. If an opportunity to make more money comes along I'll consider it as long as it's not actually teaching - I'm trying to get out of the classroom, not spend more time in it. So last summer I gave up a few weekend co-writing a set of textbooks with a sweet royalty fee. Same again this coming summer. But hell, I can do that sitting bollock naked at home and set my own hours as long as I meet the deadline.
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KumaraKitty



Joined: 09 Jan 2006
Location: Bucheon

PostPosted: Thu Apr 10, 2008 2:07 am    Post subject: Reply with quote

I was option 1 for the year after we got married. After our first anniversary being pregnant slowed me down to option 2. Hubby is the same. It worked well because we made some excellent contacts during that year who have continued to recommend us and keep the cash rolling in. Debt free with a large amount saved up makes for a comfortable life. I don't have to worry about taking time off to enjoy our son when he arrives and neither does hubby!
That being said, we're both used to working full time so our work ethic didn't change too much when we came to Korea.
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saw6436



Joined: 16 Jan 2003
Location: Daejeon, ROK

PostPosted: Thu Apr 10, 2008 2:27 am    Post subject: Reply with quote

Option 1 for me. I teach 62 hours a week. No student loans but I do have a small morgage. I plan on retiring in 5 years so the more $ I can sock away the better.
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xCustomx



Joined: 06 Jan 2006

PostPosted: Thu Apr 10, 2008 3:00 am    Post subject: Reply with quote

saw6436 wrote:
Option 1 for me. I teach 62 hours a week. No student loans but I do have a small morgage. I plan on retiring in 5 years so the more $ I can sock away the better.


Are those 62 teaching hoours, or does that include desk time, travel time, prep, etc.?
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saw6436



Joined: 16 Jan 2003
Location: Daejeon, ROK

PostPosted: Thu Apr 10, 2008 4:05 am    Post subject: Reply with quote

62 classes a week. All else is extra, but not all that much.
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Thu Apr 10, 2008 5:05 am    Post subject: Reply with quote

I choose type 2.5

I started teaching a couple of hours a week privates, because my university hasnt' given us a raise in 3 years and it's getting a bit tight to feed and educate the kids. Otherwise i'd prefer to enjoy my free time. Even just working 2 hours a week extra I can feel the quality of my teaching has gone down for my university classes.
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Ginormousaurus



Joined: 27 Jul 2006
Location: 700 Ft. Pulpit

PostPosted: Thu Apr 10, 2008 5:24 am    Post subject: Reply with quote

Option One

I'm trying to save enough to allow me to live in China for a couple years and not have to work unless I want to. I've been working six days a week for the past year and a bit, but hopefully it will be worth it.
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teachteach



Joined: 26 Mar 2008

PostPosted: Thu Apr 10, 2008 9:26 pm    Post subject: Reply with quote

Start posting pictures of those bank slips to see if you are all on the level.
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caniff



Joined: 03 Feb 2004
Location: All over the map

PostPosted: Thu Apr 10, 2008 10:18 pm    Post subject: Reply with quote

What about someone like me who grew up in an upper-middle-class neighborhood with two workaholic parents that were never home? I was making my own meals at 5 years old (lots of Kraft mac and cheese) because the parents usually didn't get home until really late or they were on business trips.

I lived in an expensive house, but I sure didn't feel rich. I think that made me a little strange with my spending habits today. I go from being really stingy (just with myself - not others) to spending money like a drunken sailor.

Hmm...
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nicholas_chiasson



Joined: 14 Jun 2007
Location: Samcheok

PostPosted: Thu Apr 10, 2008 10:31 pm    Post subject: Reply with quote

Suwon23 wrote:
I'm definitely type 3. With just one job I can still save 60% of my paycheck, so what's the point in doing privates? And working while you're young to have money when you're old is retarded; life isn't worth living when you're old, no matter how much money you have, so don't waste your good years working. And besides, time is what counts, not money. Money is only there so you can stay alive to enjoy your time.

(yes, I know this is the antithesis of what most Dave folks think, and yes, I imagine they will have some very harsh words for me.)


Never saw a post I so agree with.
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Atavistic



Joined: 22 May 2006
Location: How totally stupid that Korean doesn't show in this area.

PostPosted: Thu Apr 10, 2008 10:42 pm    Post subject: Reply with quote

I work one job, save money well, spend money on fun things (travel, photography equip, cute lingerie) and don't take on any other extra jobs.

The ones who save nothing for the future are stupid because they're only thinking about today and will probably need that money. The ones who work and work thinking they can retire in ten years remind me of parents who put off travel and fun stuff "until the kids are gone." They might be hit by a bus tomorrow.

This balance works for me.
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