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rainyseasonblues
Joined: 09 Aug 2011
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 Posted: Fri Aug 12, 2011 4:10 pm Post subject: |
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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
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| Posted: Fri Aug 12, 2011 4:20 pm Post subject: |
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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
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| Posted: Fri Aug 12, 2011 5:22 pm Post subject: |
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| 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
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| Posted: Sat Aug 13, 2011 6:39 am Post subject: |
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| 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
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| Posted: Sat Aug 13, 2011 7:53 am Post subject: |
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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
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| Posted: Tue Aug 16, 2011 9:48 am Post subject: |
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| 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 -
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| Posted: Tue Aug 16, 2011 11:46 am Post subject: |
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| 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
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| Posted: Tue Aug 16, 2011 4:22 pm Post subject: |
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| 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.  |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Wed Aug 17, 2011 1:07 am Post subject: |
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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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| Posted: Wed Aug 17, 2011 4:14 am Post subject: |
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| Malislamusrex wrote: |
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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If you find a school that offers a lot of OT. With the budgets tightening, those jobs are getting harder to find.
While 3.25 is great. It's also a bit misleading because you're not pulling that down consistently every month, right? I'm not saying you're lying or bragging. I'm just saying it's not as simple as 3.25, unless you factored in a few things to your average. Such as: you might make that much during the regular semester. You probably aren't getting that during winter and summer vacation (which totals about 25% of the year). Plus a lot of those OT classes get canceled during the semester (exams, field trips, etc...) So you don't collect on those days either (usually, unless you have the rare school that pays out on OT that didn't take place). So although in the perfect month you might make 3.25, you are not making that every month. In fact, your monthly average is probably more around 2.8-3.0. |
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jrwhite82
Joined: 22 May 2010
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| Posted: Wed Aug 17, 2011 4:19 am Post subject: |
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| ed4444 wrote: |
| 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. |
So no, it is on more than one income. I think PGHB was driving at that point. If you didn't have your wife's income, you'd be saving far less money (1-3k a month). Because you have two people working for your family. Most people here only have one person making money for their household. |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Wed Aug 17, 2011 5:18 am Post subject: |
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2.3 X 13 = 29.9 regular salary.
.4 x 12 = 4.8 accommodation I keep.
3 mil extra classes.
2 mil they found to keep me from another budget.
2 mil resigning.
=41.7 / 12 = 3.47 average.
But like has been said before, PS is a lottery. I am very lucky.
| jrwhite82 wrote: |
| Malislamusrex wrote: |
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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If you find a school that offers a lot of OT. With the budgets tightening, those jobs are getting harder to find.
While 3.25 is great. It's also a bit misleading because you're not pulling that down consistently every month, right? I'm not saying you're lying or bragging. I'm just saying it's not as simple as 3.25, unless you factored in a few things to your average. Such as: you might make that much during the regular semester. You probably aren't getting that during winter and summer vacation (which totals about 25% of the year). Plus a lot of those OT classes get canceled during the semester (exams, field trips, etc...) So you don't collect on those days either (usually, unless you have the rare school that pays out on OT that didn't take place). So although in the perfect month you might make 3.25, you are not making that every month. In fact, your monthly average is probably more around 2.8-3.0. |
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ed4444
Joined: 12 Oct 2004
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| Posted: Wed Aug 17, 2011 5:21 am Post subject: |
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| jrwhite82 wrote: |
| So no, it is on more than one income. I think PGHB was driving at that point. If you didn't have your wife's income, you'd be saving far less money (1-3k a month). Because you have two people working for your family. Most people here only have one person making money for their household. |
Point taken but there are also outgoings from my account before I calculated my savings which would probably balance out my wifes income. I am paying research fees of 5,000USD per year for my part time research phd in I.T and I send home some money to top up my mortgage because the rent I get does not cover everything.
My pay is not that high either compared to others. Some of the very experienced guys where I work get well over 100,000,000Won per year so they probably save a lot more than me. Hopefully I will get there eventually too if I do well in the next couple of years. |
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jrwhite82
Joined: 22 May 2010
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| Posted: Wed Aug 17, 2011 6:12 am Post subject: |
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| Malislamusrex wrote: |
2.3 X 13 = 29.9 regular salary.
.4 x 12 = 4.8 accommodation I keep.
3 mil extra classes.
2 mil they found to keep me from another budget.
2 mil resigning.
=41.7 / 12 = 3.47 average.
But like has been said before, PS is a lottery. I am very lucky.
| jrwhite82 wrote: |
| Malislamusrex wrote: |
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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If you find a school that offers a lot of OT. With the budgets tightening, those jobs are getting harder to find.
While 3.25 is great. It's also a bit misleading because you're not pulling that down consistently every month, right? I'm not saying you're lying or bragging. I'm just saying it's not as simple as 3.25, unless you factored in a few things to your average. Such as: you might make that much during the regular semester. You probably aren't getting that during winter and summer vacation (which totals about 25% of the year). Plus a lot of those OT classes get canceled during the semester (exams, field trips, etc...) So you don't collect on those days either (usually, unless you have the rare school that pays out on OT that didn't take place). So although in the perfect month you might make 3.25, you are not making that every month. In fact, your monthly average is probably more around 2.8-3.0. |
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I see where you came up with your number now, I was thinking more along the terms of regular salary. When you said 3.25 originally, I didn't think you were including severance, housing allowance and renewal bonuses as part of your "salary".
What is this extra 2.0 to keep you bonus? I'd like to hear how you got that! Do tell!   |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Wed Aug 17, 2011 6:43 am Post subject: |
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| ed4444 wrote: |
| 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. |
Well thats a bit clearer than saying I save 5M per month which could be missleading to some people who would think you save this amount on a teachers pay alone.
On two full time salaries, we saved about as much per month too when I was in Korea. |
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