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Tiberious aka Sparkles
Joined: 23 Jan 2003
Location: I'm one cool cat!
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 Posted: Wed Jan 05, 2005 3:55 am Post subject: |
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| itaewonguy wrote: |
you couldnt make it as a teacher!
but you could easily make it in the Business..
open a few home study classrooms get about 1000 students.. all paying
150.000 a month.. then its possible.. something like that.. |
That's what this country needs! More hagwons!
(You're better off franchising a Lotteria)
Sparkles*_* |
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Blind Willie
Joined: 05 May 2004
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| Posted: Wed Jan 05, 2005 3:58 am Post subject: |
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| JongnoGuru wrote: |
| ["How many Koreans (hagwon moguls, book & cassette publishers) have already become US-dollar millionaires from the EFL industry, despite an inability to string together two correct sentences in English?" |
The owner of my hagwon is one. He opened the business just because he felt like it. Good guy, crazy bugger, but a good guy. |
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Tiberious aka Sparkles
Joined: 23 Jan 2003
Location: I'm one cool cat!
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| Posted: Wed Jan 05, 2005 4:21 am Post subject: |
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| Blind Willie wrote: |
The owner of my hagwon is one. He opened the business just because he felt like it. Good guy, crazy bugger, but a good guy. |
That's important: the hagwon is just a side deal. Most hagwon directors I've encountered aren't rich because of their hagwon; the hagwon was opened because they're rich, and they want(ed) to get richer. Some do, most don't. Saving all of one's fortune to put into an English-language hagwon in Korea is a disaster waiting to happen. Just ask all the teachers let go because their school's ship sank faster than a lead weight.
Plastics. That's the future.
Sparkles*_* |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Wed Jan 05, 2005 4:30 am Post subject: |
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| Tiberious aka Sparkles wrote: |
| Blind Willie wrote: |
The owner of my hagwon is one. He opened the business just because he felt like it. Good guy, crazy bugger, but a good guy. |
That's important: the hagwon is just a side deal. Most hagwon directors I've encountered aren't rich because of their hagwon; the hagwon was opened because they're rich, and they want(ed) to get richer. Some do, most don't. Saving all of one's fortune to put into an English-language hagwon in Korea is a disaster waiting to happen. Just ask all the teachers let go because their school's ship sank faster than a lead weight.
Plastics. That's the future.
Sparkles*_* |
no that because they dont have the brains for it!
ask yourself oneday walking through rodeo St in sohyun st..
"why is everything a francise here"?
simple really.. becuase koreans need a job! but they have no skills!
so buy a francise everything is mapped out layed out for you..
just all you have to do it.. open the door and collect the money.. everything else it taught to you..
koreans hear about ENGLISH wow the English education buisness is booming!! lets open a hakwon!
but we cant speak English YEOBO!!
doesnt matter!!! we get francise and hire WAYGOOK from MIGOOK and students come!!
WRONG!!! |
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Tiberious aka Sparkles
Joined: 23 Jan 2003
Location: I'm one cool cat!
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| Posted: Wed Jan 05, 2005 5:05 am Post subject: |
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| itaewonguy wrote: |
no that because they dont have the brains for it!
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Judge not, that ye be not judged. For with what judgment ye judge, ye shall be judged.
Sparkles*_* |
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Rather_Dashing
Joined: 07 Sep 2004
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| Posted: Wed Jan 05, 2005 9:37 am Post subject: |
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| Tiberious aka Sparkles wrote: |
| itaewonguy wrote: |
no that because they dont have the brains for it!
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Judge not, that ye be not judged. For with what judgment ye judge, ye shall be judged.
Sparkles*_* |
Crazy how threads spin off topic so fast...  |
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Blind Willie
Joined: 05 May 2004
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| Posted: Wed Jan 05, 2005 10:24 am Post subject: |
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Personally, I'd like to be in the room where Derrek, Itaewonguy, and Rapier all get together to whine about the evils of Koreans just to see the man-love spring forth when they discover each other as soul-mates.
I bet you'd see big cartoon hearts floating over their heads and everything.
Now that's romantic! |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Wed Jan 05, 2005 11:27 am Post subject: |
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| fandeath wrote: |
But for a lot of teachers here, saving 2,000,000 in 1 year is impossible.
You have to have the will and the mindest. |
Now that's pathetic. |
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Grim Ja
Joined: 16 Jan 2003
Location: On the Beach
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| Posted: Wed Jan 05, 2005 1:37 pm Post subject: |
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Koreans will spend huge amounts of money on things that they deem important or luxury. In my neighborhood most people drive foreign cars and only wear foreign clothes. The children go to ten different tutors ranging from lego to macarana. We know a mother who pays a million won a month for brain breathing lessons. Of course the brain teacher isn't rich but the person who came up with that crazy concept is probably laughing all the way to the bank.
My point is; If you sell it, they will buy it. Especially if is expensive.
That's why I want to start an Inglish Implosion Kamp, you know for the children. |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Wed Jan 05, 2005 6:58 pm Post subject: |
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| Grim Ja wrote: |
Koreans will spend huge amounts of money on things that they deem important or luxury. ... The children go to ten different tutors ranging from lego to macarana. We know a mother who pays a million won a month for brain breathing lessons.
My point is; If you sell it, they will buy it. Especially if is expensive.
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In the West, the psychics, astrologers, palm-readers, three-card-monte men, motivational tape & snake-oil merchants, and purveyors of get-rich-quick schemes have always, ALWAYS earned the bulk of their riches from the uneducated underclass -- the very people who could least afford to be taken, and those least able to recognise it. That people like Nancy Reagan consulted a professional astrologist is the exception that proves the rule.
What sets Korea apart and makes this a P.T. Barum dream come true is, everyone is a potential sucker from the very top of the economic/educational scale to the bottom. That's what can happen when you combine pre-industrial attitudes and belief systems with post-industrial riches. Add that to a withering competitive ethos and an all-pervasive conformist tendency, and you get those who can afford to paying 1 million won/month for brain-breathing lessons, while those who can't afford to piss & moan that their kid'll be left behind. |
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Tiberious aka Sparkles
Joined: 23 Jan 2003
Location: I'm one cool cat!
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| Posted: Wed Jan 05, 2005 7:14 pm Post subject: |
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| JongnoGuru wrote: |
| Add that to a withering competitive ethos and an all-pervasive conformist tendency, and you get those who can afford to paying 1 million won/month for brain-breathing lessons... |
Brain Respiration -- which I've heard, among other things, is a good stress-relieving exercise for adults and children -- is certainly more useful than time spent playing Starcraft.
For more info, check out their English-language website at http://www1.brainrespiration.com/index.cfm. I think the name may have some of you confused with what the organization is actually about.
Sparkles*_* |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Wed Jan 05, 2005 7:18 pm Post subject: |
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| Tiberious aka Sparkles wrote: |
| JongnoGuru wrote: |
| Add that to a withering competitive ethos and an all-pervasive conformist tendency, and you get those who can afford to paying 1 million won/month for brain-breathing lessons... |
Brain Respiration -- which I've heard, among other things, is a good stress-relieving exercise for adults and children -- is certainly more useful than time spent playing Starcraft.
For more info, check out their English-language website at http://www1.brainrespiration.com/index.cfm. I think the name may have some of you confused with what the organization is actually about.
Sparkles*_* |
They've even got a website?!  Well that clinches it -- sign my kid up. Hell, at 1 million won a month, I'll enroll him in DOUBLE SESSIONS. He's got that big test coming up, ya see. |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Sat Mar 12, 2005 7:30 am Post subject: |
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| gmat wrote: |
| The answer is dependent on the rate of return on your savings/investments. Saving $1500 a month earning 12% pa would give you about $125,000 after 5 years. Not great , but not bad. |
Where do you get 12% pa? |
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jajdude
Joined: 18 Jan 2003
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| Posted: Sat Mar 12, 2005 7:34 am Post subject: |
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| One guy claimed that he and his wife together saved about half a million over ten years in the middle east. Maybe it is possible for a couple. |
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gmat
Joined: 29 Jan 2003
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| Posted: Sat Mar 12, 2005 8:57 am Post subject: |
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12% per year is on the high side for most buy-and-hold equity or bond investors, agreed.
But there are ways TB 
BTW, didn't reply on the China thread so .... Congrats on your Uni gig. |
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