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Will Korea's ESL market implode?
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Sat Aug 23, 2014 4:31 am    Post subject: Reply with quote

Some of us have done OK in Korea and elsewhere in Asia AND we still post on Dave's to try to help those who follow in our footsteps.

.
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EZE



Joined: 05 May 2012

PostPosted: Sat Aug 23, 2014 11:15 am    Post subject: Reply with quote

ttompatz wrote:
Some of us have done OK in Korea and elsewhere in Asia AND we still post on Dave's to try to help those who follow in our footsteps.

.


I think some people on here have done well, but nobody on here is filthy rich, or maybe we have different thresholds on what we consider filthy rich. My parents are worth probably somewhere between four and eight million US dollars, but they're just upper middle class people on a budget. My mom drives a Toyota and my dad drives an old truck and haggles prices down on clothes, groceries, etc. They can't go out and buy a 170' yacht for 25 million dollars because that's what rich people do, and mom and dad don't have that kind of money or anywhere close to it. Dad still works the land. George Soros doesn't work the land. Soros is filthy rich.
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KimchiNinja



Joined: 01 May 2012
Location: Gangnam

PostPosted: Sat Aug 23, 2014 4:35 pm    Post subject: Reply with quote

EZE wrote:
I think some people on here have done well, but nobody on here is filthy rich, or maybe we have different thresholds on what we consider filthy rich. My parents are worth probably somewhere between four and eight million US dollars, but they're just upper middle class people on a budget. My mom drives a Toyota and my dad drives an old truck and haggles prices down on clothes, groceries, etc. They can't go out and buy a 170' yacht for 25 million dollars because that's what rich people do, and mom and dad don't have that kind of money or anywhere close to it. Dad still works the land. George Soros doesn't work the land. Soros is filthy rich.


That's how Americans think about things; that enough is never enough.
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EZE



Joined: 05 May 2012

PostPosted: Sat Aug 23, 2014 5:56 pm    Post subject: Reply with quote

KimchiNinja wrote:
That's how Americans think about things; that enough is never enough.


They have enough. They're very fortunate. It doesn't mean they're "filthy rich." They're on a budget. If they weren't, they'd soon go broke just like a lot of professional athletes who didn't budget and went broke. Most of us on Dave's are actually very fortunate, because we have lifestyles and budgets that wouldn't have been possible if we had been born in a slum in Bangladesh, sub-Sahara Africa, or many parts of the world. But let's not get carried away and pretend we're Soros, Gates, or Rothschild. Laughing

Thinking enough isn't enough isn't exclusively an American trait. You've spent enough time in Gangnam to know that by now.
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Steelrails



Joined: 12 Mar 2009
Location: Earth, Solar System

PostPosted: Sat Aug 23, 2014 6:42 pm    Post subject: Reply with quote

As EZE says, "rich" in America is very difficult to calculate as 'net worth' or 'value' is different than disposable income. It's one thing to remember with taxes that claim to be "against the rich" a lot of time they just end up screwing people like farmers or landlords who have a lot of assets but don't generate tremendous amounts of income.
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KimchiNinja



Joined: 01 May 2012
Location: Gangnam

PostPosted: Sat Aug 23, 2014 8:54 pm    Post subject: Reply with quote

It's all relative.

Many Chinese make $4K/yr and feel they have enough, that they are fortunate.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Sun Aug 24, 2014 6:57 pm    Post subject: Reply with quote

EZE wrote:
ttompatz wrote:
Some of us have done OK in Korea and elsewhere in Asia AND we still post on Dave's to try to help those who follow in our footsteps.

.


I think some people on here have done well, but nobody on here is filthy rich, or maybe we have different thresholds on what we consider filthy rich. My parents are worth probably somewhere between four and eight million US dollars, but they're just upper middle class people on a budget. My mom drives a Toyota and my dad drives an old truck and haggles prices down on clothes, groceries, etc. They can't go out and buy a 170' yacht for 25 million dollars because that's what rich people do, and mom and dad don't have that kind of money or anywhere close to it. Dad still works the land. George Soros doesn't work the land. Soros is filthy rich.


Wow! Americans are so rich. Even when you're poor, you're rich. But, being frugal, haggling, and saving is not such a bad idea.
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tob55



Joined: 29 Apr 2007

PostPosted: Sun Aug 24, 2014 8:20 pm    Post subject: Reply with quote

KimchiNinja wrote:
tob55 wrote:
Honestly, people who were/are rich have no reason to post on Dave's unless it is out of a sense of amusement. Secondly, people who try to defend their 'richness' with retorts and analysis of "How I Made Myself Rich in Korea" are just trying to convince others that they have something worthwhile to say. People who are most likely rich, i.e. referring to 'long-time posters' such as the -*took the name out so as not to infer any particular person* types never bring up their wealth or position or their business dealings in Dave's just because they realize that their wealth or position are not worth discussing on Dave's with others, UNLESS it is someone who is genuinely interested in improving their self.

I laugh when I read posts by people who have been members on the forums less than 2 ~ 3 years talking about how they have amassed such an enormous amount of wealth in such a short time, but to each their own. If someone wants to believe they are rich then who am I to stand in their way? From a practical point of view, I prefer to remain with my feet in the sand so to speak and let my actions speak louder than my words when it comes to how much money I am earning. Cool


Thank you for the completely unnecessary opinions about "how things are", yet things aren't that way, as demonstrated by my existence.


Your existence has nothing to do with the topic which is being discussed. The nice thing about opinions is that everyone has one and unlike you who has "set the world"on fire at your young age, some of us prefer to be honest with their posts. Now, unless you are ready to begin posting the direct figures of your quickly acquired wealth, which by the way is most likely done 'illegally,' then just post things related to the facts. Laughing
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KimchiNinja



Joined: 01 May 2012
Location: Gangnam

PostPosted: Sun Aug 24, 2014 8:41 pm    Post subject: Reply with quote

tob55 wrote:
Your existence has nothing to do with the topic which is being discussed.


Doesn't make sense; if my existence contradicts a belief it seems relevant.

tob55 wrote:
The nice thing about opinions is that everyone has one...


I don't have opinions, thus my existence makes the above statement untrue.

tob55 wrote:
Now, unless you are ready to begin posting the direct figures of your quickly acquired wealth...


Made $300K+ last year. Why quickly, I didn't mention speed? Why age, I didn't mention age?

tob55 wrote:
...which by the way is most likely done 'illegally,'


Why would it likely be done illegally? Is this another belief?

Where do all these beliefs and opinions of yours come from I wonder??
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tob55



Joined: 29 Apr 2007

PostPosted: Sun Aug 24, 2014 9:37 pm    Post subject: Reply with quote

KimchiNinja wrote:
tob55 wrote:
Your existence has nothing to do with the topic which is being discussed.


Doesn't make sense; if my existence contradicts a belief it seems relevant.

tob55 wrote:
The nice thing about opinions is that everyone has one...


I don't have opinions, thus my existence makes the above statement untrue.

tob55 wrote:
Now, unless you are ready to begin posting the direct figures of your quickly acquired wealth...


Made $300K+ last year. Why quickly, I didn't mention speed? Why age, I didn't mention age?

tob55 wrote:
...which by the way is most likely done 'illegally,'


Why would it likely be done illegally? Is this another belief?

Where do all these beliefs and opinions of yours come from I wonder??


You seem like a likable person and I have no beef with you. So let it go. Good for you making all the money. Share your wisdom about how to do it and people will stop berating your comments as someone who says a lot with nothing to back it up. I like your energy and motivation. People could learn from your example if the amount of money you posted is accurate. I mentioned age because 40 & 50-something year olds don't come on here and boast about their accomplishments. BTW, I went the route of Korean naturalization as to why my opinions matter. I don't speak as a foreign worker with a short term goals, but as someone who has committed to the country in a very different way. Are you Korean? (I would guess not, because 99% of Koreans are extremely tight lipped about their income and wealth) Do you plan on staying for a career? (I am guessing you plan to make your mark here and then move onto bigger and better somewhere else once things aren't as productive) Did you report all of your income the the NTS? (That is a no brainer that needs no explanation) You understand where I am coming from?
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KimchiNinja



Joined: 01 May 2012
Location: Gangnam

PostPosted: Sun Aug 24, 2014 9:53 pm    Post subject: Reply with quote

tob55 wrote:
You seem like a likable person...


LOL, I wouldn't go that far! Wink

I "retired" this year, might decide to work again, but probably not in KR.
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tob55



Joined: 29 Apr 2007

PostPosted: Sun Aug 24, 2014 10:10 pm    Post subject: Reply with quote

KimchiNinja wrote:
tob55 wrote:
You seem like a likable person...


LOL, I wouldn't go that far! Wink

I "retired" this year, might decide to work again, but probably not in KR.


You also have a remarkable sense of humor, which I find quite exhilarating. Anyway, cheers to you. I applaud your comments and have no need to bust your chops over things. Laughing I will simply try and remember our brief encounter here and if we should ever meet in the public sector sometime in the future I will happily buy you a beverage of your choice, all kidding aside. Cheers again Cool
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