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How To Make Above 2.5
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rainyseasonblues



Joined: 09 Aug 2011

PostPosted: Fri Aug 12, 2011 4:10 pm    Post subject: Reply with quote

I, too, don't have enough posts to PM anyone. Could you PM me as well? I am very interested.

bradlee wrote:
fustiancorduroy wrote:
If you have an acumen for writing, doing part-time textbook writing can be a good supplemental income. Plus, you can work at home in your underwear if you so desire.

In my case, I've been making an extra 2.8 million a month doing writing work about 12 hours a week. Between this, my private lesson and my full-time job, I earn quite a bit more than 2.5 million. About two-and-a-half times as much, actually.

As Ilsanman said, making above 2.5 is easy.


If you want some suggestions, I'm plenty willing to offer them.


FustianC, could you PM me. I have a few questions for you (if you don't mind), and I don't have PM privileges. I'm a newbie that is coming out to Korea in the next month or so.

Thanks!
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rainyseasonblues



Joined: 09 Aug 2011

PostPosted: Fri Aug 12, 2011 4:20 pm    Post subject: Reply with quote

Where do you find the writing jobs? Maybe I'm not looking in the right places. I have an F-5 as well.

fustiancorduroy wrote:
angma,

You said you have writing experience, correct? Then you can get a writing job and make 3.0 million won or more right off the bat. Test-prep hagwons also pay quite well. I know there is a Hoyah TOEFL/SAT hagwon in Bundang. They pay 35,000 won per class minimum. With test-prep experience, you could easily ask for 40,000 won per class or more, perhaps much more.

In my case, I have about five years of experience in Korea. I have a bachelor's degree in English and solid command of teaching. I haven't had a job paying less than 3.2 million a month since my first year.

These days I work at a test-prep hagwon in Gangnam. I also teach a TEPS-prep class at a university in Seoul. I make well over 5.0 million a month at the hagwon. I teach 40 hours a month at the university for 80,000 won an hour, for a total of 3.2 million a month. I've also written several textbooks, which generate around 1.5 million a month in royalties. Soon, I will start making video lectures at my hagwon. If we're able to attract a solid base of customers, then I should be able to increase my income quite considerably.

With an F5 visa and excellent qualifications, the only thing holding you back from making this kind of money (if not a lot more) is you.
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edwardcatflap



Joined: 22 Mar 2009

PostPosted: Fri Aug 12, 2011 5:22 pm    Post subject: Reply with quote

Quote:
With an F5 visa and excellent qualifications, the only thing holding you back from making this kind of money (if not a lot more) is you.


As I mentioned before on the myths about ESL thread, you don't need an F visa to make money at TEFL. I pulled in 12 million legally this month on an E2
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fustiancorduroy



Joined: 12 Jan 2007

PostPosted: Sat Aug 13, 2011 6:39 am    Post subject: Reply with quote

edwardcatflap wrote:
Quote:
With an F5 visa and excellent qualifications, the only thing holding you back from making this kind of money (if not a lot more) is you.


As I mentioned before on the myths about ESL thread, you don't need an F visa to make money at TEFL. I pulled in 12 million legally this month on an E2


Yes, you don't need an F visa to make good money in ESL in Korea. I, too, have an E2 visa, and I make a very good income, as I described earlier in this thread. But the poster that this message refers to DOES have an F5, yet he only makes 2.4 million a month. He could very easily get legal part-time work and greatly increase his income, but he hasn't been able to, for whatever reason.
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ed4444



Joined: 12 Oct 2004

PostPosted: Sat Aug 13, 2011 7:53 am    Post subject: Reply with quote

I have an F-2 but I am about to change to an F-5 hopefully.

I used to work as an ESL teacher, then an editor, then IT specialist and now an IT manager so I scrambled my way up gradually to a high salary.

Its all about progress. Making yourself more employable by increasing your skillset and qualifications.

Also sometimes salaries are misleading. Some freelance people earn 4+ a month but then they have to pay for an apt and transport fees from place to place or allow extra money to rent the space needed to tutor at home. So the actual bankable amount ends up being much lower.

I have a friend (on an F-5) who works at a uni and gets the full vacation. He only teaches 10 hours a week and has to spend about 10 - 15 more on campus. Then he teaches loads of privates legally in addition.

However, he still struggles a bit because he bought an expensive apt and he is putting his two kids through school.

I think I have a nicer setup because I get a family sized apt with my job, fees paid for an Int. school for the kids, good vacation time and enough cash to put away about 5m a month.

So, if you are here long term, I would recommend upskilling and moving out of the ESL game and into uni academia or a good company job.
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itiswhatitis



Joined: 08 Aug 2011

PostPosted: Tue Aug 16, 2011 9:48 am    Post subject: Reply with quote

Making more than 2.5 will be very difficult at a public school. Make sure you get a hagwon job if you want to make that kind of money.
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PatrickGHBusan



Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -

PostPosted: Tue Aug 16, 2011 11:46 am    Post subject: Reply with quote

ed4444 wrote:
I have an F-2 but I am about to change to an F-5 hopefully.

I used to work as an ESL teacher, then an editor, then IT specialist and now an IT manager so I scrambled my way up gradually to a high salary.

Its all about progress. Making yourself more employable by increasing your skillset and qualifications.

Also sometimes salaries are misleading. Some freelance people earn 4+ a month but then they have to pay for an apt and transport fees from place to place or allow extra money to rent the space needed to tutor at home. So the actual bankable amount ends up being much lower.

I have a friend (on an F-5) who works at a uni and gets the full vacation. He only teaches 10 hours a week and has to spend about 10 - 15 more on campus. Then he teaches loads of privates legally in addition.

However, he still struggles a bit because he bought an expensive apt and he is putting his two kids through school.

I think I have a nicer setup because I get a family sized apt with my job, fees paid for an Int. school for the kids, good vacation time and enough cash to put away about 5m a month.

So, if you are here long term, I would recommend upskilling and moving out of the ESL game and into uni academia or a good company job.


So you save 5 million Won per month on one income?
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ed4444



Joined: 12 Oct 2004

PostPosted: Tue Aug 16, 2011 4:22 pm    Post subject: Reply with quote

PatrickGHBusan wrote:

So you save 5 million Won per month on one income?


Yep my wife works too and I get paid in USD so we use her pay for living expenses and I just bank most of mine after paying off a few bills back home. Actually she puts the remainder of her pay into a savings account too so it adds up to more than 5 million Won but I don't know where she puts that bit. Maybe its the Korean wife secret divorce fund that was mentioned in another thread. Shocked
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Malislamusrex



Joined: 01 Feb 2010

PostPosted: Wed Aug 17, 2011 1:07 am    Post subject: Reply with quote

It's possible to make 3.25 at a public school after only being there 1.5 years.

itiswhatitis wrote:
Making more than 2.5 will be very difficult at a public school. Make sure you get a hagwon job if you want to make that kind of money.
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jrwhite82



Joined: 22 May 2010

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