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Am I the highest paid person on this board?
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jinju



Joined: 22 Jan 2006

PostPosted: Sun Jul 16, 2006 5:02 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!


Has nothing to do with TESOls or TEFLs or whataver. The money is in private educatio and parttime work which pays you 50,000 an hour and up. Screw the qualifications, the best qualification is an F series visa, F2 or even better an F5 which make it all 100% legal. Once you load up on corprorate and private gigs you cna earn 100,000 extra a day for 1.5 or 2 hours of work.
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jinju



Joined: 22 Jan 2006

PostPosted: Sun Jul 16, 2006 5:05 pm    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.


Its not luck. Its perseverence. Why havent ou landed the right jobs? Because you simply dont know how to go about it. Simple really. Why be jealous of the guy for doing what you dont know how? And also, its not all easy. To make that kind of cash you end up juggling 4 or 5 different gigs and it involves a bit of travel and time. Its all a trade off.
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jinju



Joined: 22 Jan 2006

PostPosted: Sun Jul 16, 2006 5:08 pm    Post subject: Reply with quote

Jasobang wrote:
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.


How much do you end up saving? It should be VERY easy to save 2 million a month off the 6 million you make. Im in your boat, though I only make between 4.5 and 5 million a month but its very easy to save over 2 million a month and still enjoy life.
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Ilsanman



Joined: 15 Aug 2003
Location: Bucheon, Korea

PostPosted: Sun Jul 16, 2006 5:40 pm    Post subject: yes Reply with quote

If you are spending over 2 million a month, you either have a family, live in Dogok Dong, or I don't know what kind of luxury life you are living.

To each their own.
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Mashimaro



Joined: 31 Jan 2003
Location: location, location

PostPosted: Sun Jul 16, 2006 5:58 pm    Post subject: Reply with quote

I've heard of at least one non-teaching poster who blows all those salaries out of the water
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PRagic



Joined: 24 Feb 2006

PostPosted: Sun Jul 16, 2006 5:59 pm    Post subject: Reply with quote

This board has been enlightening to say the least, and has made me seriously rethink my other posts addressing salary issues and employment conditions at learning institutions here in Korea (worst of the worst university jobs/who needs these jobs, anyway?).

It seems that one of the reasons that people are increasingly taking university jobs for crap salaries is that they can make it up on the 'outside'. I think it's too bad that qualified people don't make earning a better salary at their primary jobs a priority rather than fishing for 50K/hour jobs in the gray market. 6.5 million a month? And most of it earned on the fly? Blast.

Here we are in a country that bosts one of the highest ex-pat costs of living in the known world, yet salaries are going downhill, and contact hours are on the rise. Tension on the ROK is dissuading some from coming over, housing costs are soaring, and the word on the street is that Singapore and Hong Kong are more professionally vibrant places to park over the long or short term. Market forces, or a collective shrug?
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Milwaukiedave



Joined: 02 Oct 2004
Location: Goseong

PostPosted: Sun Jul 16, 2006 9:37 pm    Post subject: Reply with quote

jinju wrote:
Has nothing to do with TESOls or TEFLs or whataver. The money is in private educatio and parttime work which pays you 50,000 an hour and up. Screw the qualifications, the best qualification is an F series visa, F2 or even better an F5 which make it all 100% legal. Once you load up on corprorate and private gigs you cna earn 100,000 extra a day for 1.5 or 2 hours of work.


My understanding is even with and F series visa privates are illegal unless you jump though some hoops to get the tax issues taken care of.

The OP bragged about getting 2.5 million on the side.

That being said, if your doing illegal privates and get caught, don't come crying to people on this board. You deserve what you get.

To the OP, I think bragging about what you make is in bad taste. I have a F-2 and am working two jobs, but you certainly don't see me posting what I make on this board.

In other words, keep it to yourself.
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Jasobang



Joined: 11 Dec 2005
Location: Bucheon

PostPosted: Mon Jul 17, 2006 6:18 am    Post subject: Reply with quote

I posted to get a response, to see what would happen, to......well troll I guess. I know the situation in Korea and how much can be made, I've had my share of good months. I threw out those numbers because I know they are possible.

Whether I make 6.2, 8.2, 4.2 or even 2.2 wasn't the point. I thought most would have figured all that out with my one reply in four pages, well two now.
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Cheonmunka



Joined: 04 Jun 2004

PostPosted: Mon Jul 17, 2006 2:29 pm    Post subject: Reply with quote

Well, you say you make 3.2 or so from teaching and 2.5 from some unspecified family job. In that case I would say you have some extraordinary luck. I would say that is nothing to do with how you marketed yourself, nor what special skills you have rather I would say, in all the traditional terms of the phrase, you married well.

For whoever says that anyone who spends more than 2 million must be living in Dogok-Dong and in luxury, hahaha.
My family budget, household budget, is 2.4 million a month. That includes no savings. Mortgage for a house we have (not in K) is 700K month. Special savings we make per month are 400K. We already paid chonsei so no rent from that figure.
Most people with school-age children experience the same kind of budget.
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Cheonmunka



Joined: 04 Jun 2004

PostPosted: Mon Jul 17, 2006 2:32 pm    Post subject: Reply with quote

Quote:
you cna earn 100,000 extra a day


Nothing else but for it, Jinju.


Last edited by Cheonmunka on Mon Jul 17, 2006 2:59 pm; edited 1 time in total
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Mon Jul 17, 2006 2:47 pm    Post subject: Reply with quote

PRagic wrote:
It seems that one of the reasons that people are increasingly taking university jobs for crap salaries is that they can make it up on the 'outside'. Here we are in a country that boasts one of the highest ex-pat costs of living in the known world, yet salaries are going downhill, and contact hours are on the rise. Tension on the ROK is dissuading some from coming over, housing costs are soaring, and the word on the street is that Singapore and Hong Kong are more professionally vibrant places to park over the long or short term. Market forces, or a collective shrug?

Some things are worth repeating (and quoting).

Foreigners Experience Difficulties in Living in Korea
by Jae-Dong Yu and Soo-Jung Shin, Donga.com (July 4, 2004)
http://english.donga.com/srv/service.php3?biid=2004070522448

Ex-pats Describe Korea's Culture of Corruption
by Kim Hong-jin, Chosun Ilbo (December 16, 2004)
http://english.chosun.com/w21data/html/news/200412/200412160027.html

Foreign scholars merit equal status
The foreign professor -- colleague or hired hand?
...[foreign professors] treated as hired hands, without academic standing, and lacking the possibility of career advancement or tenure. They must submit to yearly contracts (compensated at a rate only 60 percent of their Korean peers) while walled off from the permanent Korean faculty who benefit from travel, research funding, sabbaticals, etc.
by John B. Kotch, JoongAng Daily (June 14, 2002)
http://joongangdaily.joins.com/200206/14/200206142349223599900090109011.html
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Cheonmunka



Joined: 04 Jun 2004

PostPosted: Mon Jul 17, 2006 3:01 pm    Post subject: Reply with quote

Some things are worth translating and sending to Chosen Ilbo. These reports written in English seem a waste of time. Who but foreigners read them?
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jinju



Joined: 22 Jan 2006

PostPosted: Mon Jul 17, 2006 3:55 pm    Post subject: Reply with quote

Cheonmunka wrote:
Quote:
you cna earn 100,000 extra a day


Nothing else but for it, Jinju.


huh?
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Jasobang



Joined: 11 Dec 2005
Location: Bucheon

PostPosted: Mon Jul 17, 2006 4:49 pm    Post subject: Reply with quote

Cheonmunka, I never said I was working for the family. Family-related meant spending time with my family, not making money. So no, I didn't marry well. Everything I have, I have worked for myself.

In case you or anyone else still don't get it, I pulled those numbers out of thin air, well with a little common knowledge. Please stop quoting me on the numbers. Although they are surely possible, they are not accurate as far as my income level, personally. I was, as you say, merely trolling.

BTW, you're spot on about the monthly budget. We are usually within the 2.5~3.0 range as probably most others with dependents are concerned.
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Ilsanman



Joined: 15 Aug 2003
Location: Bucheon, Korea

PostPosted: Mon Jul 17, 2006 7:00 pm    Post subject: yes Reply with quote

Well 700,000 of investment can hardly be called a cost of living. It's savings. A house not in Korea is an investment.

I also asked if he has a family. If you have one, that's standard to spend a whack.

I can live on 1.0 million (my fiancee and I) with being careful, and 1.5 with not being careful. 2 million or more, I'd have to be buying furniture, with satellite TV, frequenting TGIF's, and so on.



Cheonmunka wrote:
Well, you say you make 3.2 or so from teaching and 2.5 from some unspecified family job. In that case I would say you have some extraordinary luck. I would say that is nothing to do with how you marketed yourself, nor what special skills you have rather I would say, in all the traditional terms of the phrase, you married well.

For whoever says that anyone who spends more than 2 million must be living in Dogok-Dong and in luxury, hahaha.
My family budget, household budget, is 2.4 million a month. That includes no savings. Mortgage for a house we have (not in K) is 700K month. Special savings we make per month are 400K. We already paid chonsei so no rent from that figure.
Most people with school-age children experience the same kind of budget.
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