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What is your monthly income?
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What is your monthly income?
Less than 2 million
1%
 1%  [ 2 ]
2.0 - 2.4 million
40%
 40%  [ 45 ]
2.5 - 2.9 million
14%
 14%  [ 16 ]
3.0 - 3.4 million
9%
 9%  [ 11 ]
3.5 - 3.9 million
7%
 7%  [ 8 ]
4.0 - 4.9 million
6%
 6%  [ 7 ]
5.0 - 5.9 million
6%
 6%  [ 7 ]
6.0 - 7.5 million
2%
 2%  [ 3 ]
7.6 - 10 million
2%
 2%  [ 3 ]
More than 10 million
8%
 8%  [ 10 ]
Total Votes : 112

Author Message
edwardcatflap



Joined: 22 Mar 2009

PostPosted: Mon Feb 13, 2012 7:01 pm    Post subject: Reply with quote

Quote:
I see absolutely nothing wrong with talking about your earnings with your peers. Some people may feel jealous when I talk about my salary -- never bragging about it, mind you, just explaining what I earn in a frank manner -- but others can use the information to understand how much they are worth and how much they should be earning.


Yes some people get jealous when I tell them how many attractive women I've had sex with but when they realise they can use the information to understand how much they should be getting, they're fine with it. Laughing
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braindrops



Joined: 13 Sep 2011

PostPosted: Mon Feb 13, 2012 8:50 pm    Post subject: Reply with quote

Quote:
Yes, some earn around a million dollars a year. However, they don't have a life. They get up at 5am, first classes at 6, then spend the rest of the day either in class or being chauffeured to one, only to return home at 11 o'clock at night. I saw a story about one of these teachers, a guy in his 50's, appeared to be living off those vitamin drinks and kimbab triangles. I'd be surprised if he lives to be 60.


Yeah, that totally sounds like my life. Except I'm half his age and don't make a million bucks. But the part about not having a life is true. And I don't drink vitamin drinks and eat kimbap triangles. My preferred tools of sustenance are the carbonated soda and cans of Pringles. Occasionally I will allow myself the indulgence of the Whopper. I feel better when I eat the King of Burgers. Smile
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PatrickGHBusan



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

PostPosted: Tue Feb 14, 2012 5:25 am    Post subject: Reply with quote

Paddycakes wrote:
Of all expats, ESL teachers are generally the most insecure.

Hence the need to constantly brag (I might add, brag about nothing...4 million a month is nothing... even 10 is not that big of deal compared to what a lot of others make, such as the foreigners who work in professional positions abroad).

Maybe it's because the job is generally low-status and the average ESL teacher slogging it out at his University or Hogwan has to deal with the stigma of being "a loser back home" that they feel they have something to prove.


You may need to revise that ? its not a big deal" statement when refering to income...

Lets see

4M per month = 42628 CAD per year(after conversion).
Thats not great but its not that bad either. It certainly is not nothing....

10M per month = 107 000 CAD per year which is pretty darn good.
In fact compare that to the average income for teachers in Canada or heck even the median family income....

Then factor in the lower income taxes in Korea along with the proportion of your income that is available for savings and you start to get the picture.

Now, comparing an ESL-TEFL teachers' income to that of people working in professional positions abroad is not a valid comparison: apples and oranges!
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iggyb



Joined: 29 Oct 2003

PostPosted: Tue Feb 14, 2012 6:24 am    Post subject: Reply with quote

Quote:
even 10 is not that big of deal compared to what a lot of others make

Yeah, I mean, if you aren't making $100,000 a year or more back home, you're basically a waste of oxygen...No wonder you ran away overseas to avoid everybody knowing what a loser you are...


Last edited by iggyb on Tue Feb 14, 2012 6:28 am; edited 1 time in total
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iggyb



Joined: 29 Oct 2003

PostPosted: Tue Feb 14, 2012 6:27 am    Post subject: Reply with quote

(Which, of course, means that 90% of the people living in the US are pieces of crap losers ---- but I'm sure there are plenty of people who frequent Dave's who'd agree with that too...)
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saram_



Joined: 13 May 2008

PostPosted: Tue Feb 14, 2012 6:44 am    Post subject: Reply with quote

PatrickGHBusan wrote:
teatoast wrote:
Naivety Alert: Is there a different visa than the E2 that lets you work multiple jobs then?


Point 1: on an E2 you CAN work a second job legally. You just need to get the proper permissions.


May I ask what these permissions are ? What exactly is needed n from who?
I was asked today to get some kind of permission from my main employer to teach at a kindergarten from march on. Continuing same jobs but i think the kindergarten want to make it official for tax reasons!!
A little apprehensive to ask my after school company for official clearance. Then of course with afterschool progs there is the issue of who exactly is your employer- company or school!

2.6 regular job, kindies about an extra million-- we ll say 3.5 for past year!
Happy with that considering my hours n commutes--
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tachileik



Joined: 03 Jan 2012

PostPosted: Tue Feb 14, 2012 9:05 am    Post subject: Reply with quote

Given that people always overreport incomes, it's interesting how low most of the reported pay is.
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ontheway



Joined: 24 Aug 2005
Location: Somewhere under the rainbow...

PostPosted: Tue Feb 14, 2012 9:24 am    Post subject: Reply with quote

Looking at the poll results at present (with 85 reports) it appears that the distribution of earnings up to 4.9 million won per month would be a fairly representative sample of teacher earnings in Korea.

Beyond 4.9 million won, the sample is skewed and overweighted which represents the dominance of long-term successful Expats posting on Dave's and perhaps a few jokers.
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PatrickGHBusan



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

PostPosted: Tue Feb 14, 2012 11:30 am    Post subject: Reply with quote

saram_ wrote:
PatrickGHBusan wrote:
teatoast wrote:
Naivety Alert: Is there a different visa than the E2 that lets you work multiple jobs then?


Point 1: on an E2 you CAN work a second job legally. You just need to get the proper permissions.


May I ask what these permissions are ? What exactly is needed n from who?
I was asked today to get some kind of permission from my main employer to teach at a kindergarten from march on. Continuing same jobs but i think the kindergarten want to make it official for tax reasons!!
A little apprehensive to ask my after school company for official clearance. Then of course with afterschool progs there is the issue of who exactly is your employer- company or school!

2.6 regular job, kindies about an extra million-- we ll say 3.5 for past year!
Happy with that considering my hours n commutes--



It has been simplified but you need permission from your employer and immigration. Also the second job needs to meet certain requirements in terms of hours and pay (has to be a teaching job of course). For PS teachers I think its more restrictive.

The second job needs to be legit of course! You cannot get permission to work on an illegal job Laughing
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PatrickGHBusan



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

PostPosted: Tue Feb 14, 2012 11:31 am    Post subject: Reply with quote

ontheway wrote:
Looking at the poll results at present (with 85 reports) it appears that the distribution of earnings up to 4.9 million won per month would be a fairly representative sample of teacher earnings in Korea.

Beyond 4.9 million won, the sample is skewed and overweighted which represents the dominance of long-term successful Expats posting on Dave's and perhaps a few jokers.


I would say more than a few jokers for this type of "poll".
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some waygug-in



Joined: 25 Jan 2003

PostPosted: Tue Feb 14, 2012 3:06 pm    Post subject: Reply with quote

What I don't get is the attitude that you have to earn 2 - 10 times your

basic salary in order to be considered successful.

What is wrong with being happy to earn 2.1 and have some free time to do
other things during the day/week/month?
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edwardcatflap



Joined: 22 Mar 2009

PostPosted: Tue Feb 14, 2012 4:04 pm    Post subject: Reply with quote

Quote:
What I don't get is the attitude that you have to earn 2 - 10 times your

basic salary in order to be considered successful.

What is wrong with being happy to earn 2.1 and have some free time to do
other things during the day/week/month?


A lot of the people posting big salaries on here are probably in the older age range when people's priorities change. Wife, kids, retirement plan, nice apartment with good furniture etc.. etc.. You just can't do that on 2.1 mil a month.
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Hamburgs_MecGee



Joined: 28 Jan 2012

PostPosted: Tue Feb 14, 2012 6:57 pm    Post subject: Reply with quote

My Rake

After School Program (1-5:05) = 2.9
Morning Kindy MWF (10-12) = .96
Tu/Th Adults (7-9) = .64
Saturday Specialized Classes (8 hours) = 2.2

Total per month = 6.7

Been doing it for a long time I don't get burned out.
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FDNY



Joined: 27 Sep 2010

PostPosted: Tue Feb 14, 2012 7:29 pm    Post subject: Reply with quote

[quote=\"edwardcatflap\"]
Quote:
What I don\\\'t get is the attitude that you have to earn 2 - 10 times your

basic salary in order to be considered successful.

What is wrong with being happy to earn 2.1 and have some free time to do
other things during the day/week/month?


A lot of the people posting big salaries on here are probably in the older age range when people\\\'s priorities change. Wife, kids, retirement plan, nice apartment with good furniture etc.. etc.. You just can\\\'t do that on 2.1 mil a month.[/quote]

Exactly. Playtime ends when you have kids. I have a family to support. Twenty years of hagwons, school uniforms then university. I also have a roof to put over their heads and food to put on the table. I consider myself lucky because my wife works as well. Together we probably make about KRW8,500,000/month. If we are lucky, we can save 3,000,000/month. Considering pensions in Korea are nothing to speak of, this savings amount in entirely necessary. If you don\\\'t save for your own retirement in Korea, then you better be good at picking cardboard on the roads.
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saram_



Joined: 13 May 2008

PostPosted: Tue Feb 14, 2012 8:59 pm    Post subject: Reply with quote

[quote="PatrickGHBusan"][quote="saram_"][quote="PatrickGHBusan"]
teatoast wrote:




It has been simplified but you need permission from your employer and immigration. Also the second job needs to meet certain requirements in terms of hours and pay (has to be a teaching job of course). For PS teachers I think its more restrictive.

The second job needs to be legit of course! You cannot get permission to work on an illegal job Laughing


so is teaching at a kindergarten for four hours a week considered a satisfactory enough second job legally on an E2?
Just want to clarify that before approaching my main employer and immigration!
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