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Am I the highest paid person on this board?
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Zark



Joined: 12 May 2003
Location: Phuket, Thailand: Look into my eyes . . .

PostPosted: Sat Jul 15, 2006 1:06 pm    Post subject: Reply with quote

own_king wrote:
Zark wrote:
No, No!

I admit that the OP MUST have a bigger p*nis that I do - as his income is greater than mine!


I really hope that's not the case because I kinda got the impression that the OP in this thread is a girl.


Either way . . . Laughing Shocked
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bellum99



Joined: 23 Jan 2003
Location: don't need to know

PostPosted: Sat Jul 15, 2006 3:46 pm    Post subject: Reply with quote

What is really scary is that 6.2 is a very low figure. Some people make much more than that. If you own your own school or are doing some business in Korea then it is a really low number. It all depends....personally I think the OP doesn't see the whole picture.
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Beej



Joined: 05 Mar 2005
Location: Eungam Loop

PostPosted: Sat Jul 15, 2006 4:53 pm    Post subject: Reply with quote

bellum99 wrote:
What is really scary is that 6.2 is a very low figure. Some people make much more than that. If you own your own school or are doing some business in Korea then it is a really low number. It all depends....personally I think the OP doesn't see the whole picture.


You are the one that doesnt see the big picture. 6.2 a month x 12 months is 74.4 million a year. At current exchange rates thats about 80,000 dollars US a year after taxes. This doesnt even factor in the 30-40% tax burden we pay in our home countries. The US median income for a household is around $45,000 pretax.
Add to that the ease of saving money here and the fact that teaching in Korea is a relatively stress free job.

All of that being said, anyone who likes to brag about their salary is a $%#%head in my book anyway.
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poet13



Joined: 22 Jan 2006
Location: Just over there....throwing lemons.

PostPosted: Sat Jul 15, 2006 5:09 pm    Post subject: Reply with quote

Hello. As one of the lower paid people here in Korea (net 1.9), i am curious how long it took for the higher paid people to earn their way up. I am quite happy to pay my dues, get a masters, TESOL, TEFL, whatever, but I dont want to wait ten years for the money. Please share!
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Sat Jul 15, 2006 5:50 pm    Post subject: Reply with quote

poet13 wrote:
Hello. As one of the lower paid people here in Korea (net 1.9), i am curious how long it took for the higher paid people to earn their way up. I am quite happy to pay my dues, get a masters, TESOL, TEFL, whatever, but I dont want to wait ten years for the money. Please share!

to get a high income quickly mostly likely will involve illegally teaching privates (unless you have the F series visa). After that the best way I know of is working at a university which offers lots of extra work at high o/t rates. Additionally some universities (mine) do allow you to work elsewhere and will provide the necessary immigration permission. I know of a couple of teachers where I work taking advantage of this.

Additionally networking is very important. Of course networking takes time, but it does pay off in the end.

1.9 is only low if you are working a lot of hours and it doesn't include housing. Some of the higher salaries you see posted here will include a housing allowance of 100,000 to 500,000 a month in lieu of an apartment.

Personally I find if I have more than 20 contact hours a week I'm too busy and cannot properly prepare my lessons nor have a personal life.
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poet13



Joined: 22 Jan 2006
Location: Just over there....throwing lemons.

PostPosted: Sat Jul 15, 2006 6:34 pm    Post subject: Reply with quote

I have at least 30 contact hours a week. During the summer, its about 35 per week. my housing is included. Networking is very difficult as I am in a city with four or five other foreigners, and i dont get to other cities much. I have a family to support, so the expense of paying hotels and stuff elsewhere is a burden.
I will not work here illegally. No way. Risk reward isnt worth it to me.
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Ilsanman



Joined: 15 Aug 2003
Location: Bucheon, Korea

PostPosted: Sat Jul 15, 2006 6:40 pm    Post subject: yes Reply with quote

Often these wages don't reflect the chaotic nature of Korea's English industry.

I am somewhere in the middle of low earner to very high. I earn about 4.2, but my costs are low. I am able to live the way I wish and still pack away about 3 million a month in savings.

I may earn 4.2 in a good month, but often it comes out to around 3.9 or 4.0 due to so many cancellations and other factors.
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Cheonmunka



Joined: 04 Jun 2004

PostPosted: Sun Jul 16, 2006 3:01 am    Post subject: Reply with quote

What a blowass (op.)

I get sick of you single people landing the lucky jobs when others struggle like crazy with their families to make ends meet.
I hope you blow it all eventually on chicks and sports cars.
And, I hope you all run like hell, like all the others did in '97, when the next recession starts.
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Sun Jul 16, 2006 4:06 am    Post subject: Reply with quote

Cheonmunka wrote:
What a blowass (op.)

I get sick of you single people landing the lucky jobs when others struggle like crazy with their families to make ends meet.
I hope you blow it all eventually on chicks and sports cars.
And, I hope you all run like hell, like all the others did in '97, when the next recession starts.


THis post doesn't make any sense. Some people get great jobs when single and some never do - it's a matter of skills, networking, and a little luck. Why are you so bitter?
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bellum99



Joined: 23 Jan 2003
Location: don't need to know

PostPosted: Sun Jul 16, 2006 6:22 am    Post subject: Reply with quote

It is very hard for people with families.
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Ilsanman



Joined: 15 Aug 2003
Location: Bucheon, Korea

PostPosted: Sun Jul 16, 2006 7:15 am    Post subject: yes Reply with quote

That's why timing is oh so necessary when having a family.

I am glad that I am able to earn a decent living while my fiance doesn't need to work. Back at home, we are gonna have to be dual income, or starve.
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Intrepid



Joined: 13 May 2004
Location: Yongin

PostPosted: Sun Jul 16, 2006 7:36 am    Post subject: To poet13 Reply with quote

You asked for it, so here goes:
--Move to Seoul. Let's face it, the money is here.
--Look professional (not that you don't--but many people don't).
--Start teaching at a good hagwon. SAT/TOEFL/SSAT is a good idea--Chungdahm seems to pay a lot. Teaching writing is high pay anywhere. Show any of those schools a high GRE verbal score and you're in.
--Get that MA, from UBirmingham or wherever, distance learning is accepted in Korea.
--Get a uni job.
--Get another uni job (since they will allow it, and often have you for just 12 hours a week).
--do summer/winter programs at foreign language high schools (might need a visa add-on but that's not hard).
=big bucks soon.
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Jasobang



Joined: 11 Dec 2005
Location: Bucheon

PostPosted: Sun Jul 16, 2006 8:14 am    Post subject: Reply with quote

Wow.....First-timers luck I guess.

Been a little busy this past weekend, sorry for not elaborating.......no, not from all my privates....more of the family orientated stuff, so yes I'm one of those F-something or other visa types. And yes with a few connections.

But, I'm really not the bragging type...must be those humble Canadian roots. I just threw some numbers together that I thought could fly and it was off to the races. Money does bring the worst out of us all.

Gotta say though, raising a family in Korea hits the pocket book pretty hard. I'd say I make more than average but at the end of the month what's remaining definitely isn't something to brag about.

Like I said, feeling a little bored on a Friday afternoon before T-program classes. Also, just read 'lowest paid' thread and thought it was the next logical step.
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own_king



Joined: 17 Apr 2004
Location: here

PostPosted: Sun Jul 16, 2006 1:24 pm    Post subject: Reply with quote

I think what some people are missing here is quality of life rather than quantity of life. Follow Intrepid's advice and you'll burn out in two months. I'm one of the people who really likes Korea, although you wouldn't know it sometimes by some of my posts lol (it's far from perfect, but what place isn't). I also a know a few others who hate it. And I've found that the people who like it most are the ones who find a good balance of work and leisure. Some people work themselves to death, which will get you down on Korea quick.
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Sun Jul 16, 2006 2:43 pm    Post subject: Reply with quote

own_king wrote:
Some people work themselves to death, which will get you down on Korea quick.

My experience exactly. I used to do a lot of privates but in January 2001 I quit them all and my quality of life and general happiness went up. Quitting privates was the best move I made in Korea (other than marrying my wife)
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