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How To Make Above 2.5
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angma



Joined: 02 Jul 2007

PostPosted: Thu Jun 30, 2011 4:52 am    Post subject: Reply with quote

litebear wrote:
angma wrote:
litebear wrote:
angma wrote:
LL Moonmanhead wrote:
Lol. Just thinking about your average esler networking makes me laugh. Hi, Simon. Ding ring ding Academy. Here's my card. One of my kids made it.


Master's Degree in Higher Education Administration, 9+ teaching exp. in Korea 11+ if you include teaching exp. in the U.S. (1 of those years teaching English writing/conv/TOEFL prep. in a learning resource lab at a U.S. univ.) F-5 visa. I don't consider myself an average esler.

Okay... maybe I should start a new thread. Anyhow... I HAVE to be doing something seriously wrong. Univ. sounds nice, but immi has changed the laws and CBC would take too long -- want out in less than two months. Key money is a problem and I have a wife.

Make fun if you want, I admit openly that I am doing something very wrong.
Having a (more or less) dependent, I may err on the side of caution when looking for new schools. Also, when I leave my current school, I will probably carry some business with me (hopefully a good source of privates).


Something fishy about this. You have an F5 visa but you are worried about the CBC check? You have a Masters Degree and 11 years experience but are still in a hagwon that you dislike. What's going on man?


I really don't know how to respond to that. I'm confused about what's going on. If you were me... what would you do???


Confused....apply for better jobs than my current one. I'd have thought that is was obvious.

Do you even need a CBC if you have an F5?


Universities seem to demand CBCs no matter what (for the most part). Anyhow... better job... I don't trust a lot of crap I see on the job boards. What really is a better job???? It's hard to tell. I do research, find contradictory info, etc. Also, I'm looking to stay near a particular area (Bundang).
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litebear



Joined: 12 Sep 2009
Location: Holland

PostPosted: Thu Jun 30, 2011 5:49 am    Post subject: Reply with quote

In terms of qualifications and experience you probably fall into what? The top 5%? You describe your current job as like a "hagwon prison" where you earn 2.4m. If you think that's the best job available within striking distance of Bundang then you need more help than I can provide over an internet message board.
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fustiancorduroy



Joined: 12 Jan 2007

PostPosted: Thu Jun 30, 2011 8:09 am    Post subject: Reply with quote

angma,

You said you have writing experience, correct? Then you can get a writing job and make 3.0 million won or more right off the bat. Test-prep hagwons also pay quite well. I know there is a Hoyah TOEFL/SAT hagwon in Bundang. They pay 35,000 won per class minimum. With test-prep experience, you could easily ask for 40,000 won per class or more, perhaps much more.

In my case, I have about five years of experience in Korea. I have a bachelor's degree in English and solid command of teaching. I haven't had a job paying less than 3.2 million a month since my first year.

These days I work at a test-prep hagwon in Gangnam. I also teach a TEPS-prep class at a university in Seoul. I make well over 5.0 million a month at the hagwon. I teach 40 hours a month at the university for 80,000 won an hour, for a total of 3.2 million a month. I've also written several textbooks, which generate around 1.5 million a month in royalties. Soon, I will start making video lectures at my hagwon. If we're able to attract a solid base of customers, then I should be able to increase my income quite considerably.

With an F5 visa and excellent qualifications, the only thing holding you back from making this kind of money (if not a lot more) is you.
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litebear



Joined: 12 Sep 2009
Location: Holland

PostPosted: Thu Jun 30, 2011 9:16 am    Post subject: Reply with quote

fustiancorduroy wrote:
angma,



With an F5 visa and excellent qualifications, the only thing holding you back from making this kind of money (if not a lot more) is you.


In a nutshell
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Empty_Seoul



Joined: 30 Apr 2011

PostPosted: Fri Jul 15, 2011 12:32 am    Post subject: Reply with quote

For those who talked about writing, how did you go about finding writing jobs? I'd like to build up my writing portfolio. I'd prefer it to be in Korea but other countries would be ok too. Thanks for any help.
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BigBuds



Joined: 15 Sep 2005
Location: Changwon

PostPosted: Fri Jul 15, 2011 1:44 am    Post subject: Reply with quote

It's easy to make above average money here if you have the right visa and a brain.

Go into business for yourself. I've been here ten years and have worked for myself for 8 of those. I own two buisnesses here and I also invest in the Korean real estate market. Started my first business here when my wife was still my girlfriend and we have since opened up another business.

In a bad a month, I clear about 10 million won. On a good month 20 million. Last year was great, no bad months at all, and this year a couple of bad months so far. This isn't including money made from real estate here.

The real estate market here can be great for some quick gains. For example, the last apartment I bought, I litterally owned it for 3 weeks and sold it again for a 20 million won profit.

Korea is a great place to set up business if you do it right and have an understanding of the culture. PLENTY of opportunities here!
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Ramen



Joined: 15 Apr 2008

PostPosted: Fri Jul 15, 2011 5:22 am    Post subject: Reply with quote

BigBuds wrote:
It's easy to make above average money here if you have the right visa and a brain.

Go into business for yourself. I've been here ten years and have worked for myself for 8 of those. I own two buisnesses here and I also invest in the Korean real estate market. Started my first business here when my wife was still my girlfriend and we have since opened up another business.

In a bad a month, I clear about 10 million won. On a good month 20 million. Last year was great, no bad months at all, and this year a couple of bad months so far. This isn't including money made from real estate here.

The real estate market here can be great for some quick gains. For example, the last apartment I bought, I litterally owned it for 3 weeks and sold it again for a 20 million won profit.

Korea is a great place to set up business if you do it right and have an understanding of the culture. PLENTY of opportunities here!


i hope you been payiing taxes. what'syour tax bracket? Razz
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angma



Joined: 02 Jul 2007

PostPosted: Fri Jul 15, 2011 5:39 am    Post subject: Reply with quote

I don't own a house. How to do housing. My wife and I scrape by. I save money, but in an overseas account (for the future --- remote future) and it is not easily removed.
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World Traveler



Joined: 29 May 2009

PostPosted: Fri Jul 15, 2011 6:46 am    Post subject: Reply with quote

BigBuds wrote:
I own two buisnesses


If I am not mistaken, you are a recruiter of English teachers, correct? What is your second business?
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BigBuds



Joined: 15 Sep 2005
Location: Changwon

PostPosted: Fri Jul 15, 2011 7:28 am    Post subject: Reply with quote

World Traveler wrote:
BigBuds wrote:
I own two buisnesses


If I am not mistaken, you are a recruiter of English teachers, correct? What is your second business?


I own a recruiting company and a hagwon.

Quote:
i hope you been paying taxes


Yes, I pay my taxes.
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Bruce W Sims



Joined: 08 Mar 2011
Location: Illinois; USA

PostPosted: Fri Jul 15, 2011 12:22 pm    Post subject: Reply with quote

BigBuds wrote:
It's easy to make above average money here if you have the right visa and a brain.

Go into business for yourself. I've been here ten years and have worked for myself for 8 of those. I own two buisnesses here and I also invest in the Korean real estate market. Started my first business here when my wife was still my girlfriend and we have since opened up another business.

In a bad a month, I clear about 10 million won. On a good month 20 million. Last year was great, no bad months at all, and this year a couple of bad months so far. This isn't including money made from real estate here.

The real estate market here can be great for some quick gains. For example, the last apartment I bought, I litterally owned it for 3 weeks and sold it again for a 20 million won profit.

Korea is a great place to set up business if you do it right and have an understanding of the culture. PLENTY of opportunities here!


Ok.....I get the whole "Horatio Alger thing". Since age 14 hard work has never bothered me. In fact I rather much had thoughts of doing the things you mention in your post, and good for us both, right?

What I am stuck on is this whole VISA thing. Here are some of the things I have bumped into.

a.) I would probably come over on an E-2 since I am neither a Foreign Korean (F4), Resident (F2) or Permanent Resident (F5). If I understand this correctly, I will need a business to sponsor me. But then, if I want to moonlight at another business I need to get the permission of the first business, right so far? I could vie for OT but there is always the matter of my numbers matching the boss' numbers, if you catch my drift.

b.) This business about having "privates" sounds very nice. What I understand is that on an E-2 doing private lessons will get me booted out of the country because its illegal. In fact, I think I read somewhere that a person can pick-up some hefty change turning-in a Language teacher who is doing privates. Accurate?

c.) Then there is the matter of taking a position with some firm, say SAMSUNG, for instance. From what I understand this would free me up to moonlight as I care to, but there is a whole separate world of paperwork awaiting me just as I am experiencing for this ESL effort I am making.

To sum up, I wonder if what is under discussion isn't so much a strategy for making more money as much as individual histories of people who have tried various approaches and we are only hearing from the people who experienced good results. I get the idea that a good buck---er---won---can be made but such is a result of an on-going process and not the applications of a particular plan. Yes? No? Thoughts?

Best Wishes,

Bruce
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Bruce W Sims



Joined: 08 Mar 2011
Location: Illinois; USA

PostPosted: Fri Jul 15, 2011 12:47 pm    Post subject: Reply with quote

Hi Angma:

I read your posts and I think about myself some years back. What I found was that when I argued long enough and hard enough for my limitations, thats exactly what I got. I'm not saying that you probably have hurdles to clear....and could be that your hurdles are maybe a bit worse than the usual. I can't say anything about that. What I can say is that I used to be waaay too accepting of my limits....and those usually came from other people's observations rather than my own. Here's a couple of things I ran into.

a.) You and I both have our Masters, right? Fine, that and a buck will get you a cuppa anywhere in Chicago. First thing I stopped doing was playing the "paper game". You have enough paper to get a decent job. Don't listen to other people tell you what its worth; you'll get played.

b.) You and I both have experience. Once again, don't let somebody else tell you what its worth. If you think back a bit you will realize that YOU were the one who took all of the knocks and falls, so listening to someone else tell you what your life experience is worth is really just self-abuse.

c.) You and I both have dreams and hope, right? Forget about listening to other people tell you what you can and can't do. Right now I'm suppose to be too old to teach in Korea. I guess somebody forgot to tell the people who have been contacting me, right. No....its not a torrent of callers begging me on bended knee. Just a few here and there, and enough to give me some choice about where I go and what I do.

I like to think about those boxers who go to their corners between rounds and listen to their coach rail on about what the boxer is suppose to do. But when the bell rings the coach is on the outside of the ring and the boxer is the one taking the punches. If you listen to other people tell you what's possible for you, you get to wake-up at the end of someone else's idea of what your life should have been. FWIW.

Best Wishes,

Bruce
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meangradin



Joined: 10 Mar 2006

PostPosted: Fri Jul 15, 2011 10:25 pm    Post subject: Reply with quote

Quote:
In a bad a month, I clear about 10 million won. On a good month 20 million. Last year was great, no bad months at all, and this year a couple of bad months so far. This isn't including money made from real estate here


Is that just you, or you and your wife?
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marsavalanche



Joined: 27 Aug 2010
Location: where pretty lies perish

PostPosted: Fri Jul 15, 2011 11:59 pm    Post subject: Reply with quote

my best advice is dont be on an e-2 visa.
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Koharski
Mod Team
Mod Team


Joined: 20 Jul 2009

PostPosted: Sat Jul 16, 2011 12:54 am    Post subject: Reply with quote

The status of your visa does not determine if you can work private lessons. All unreported income is illegal!!! If you want to legally teach private lessons, you must obtain a tutor's license and jump through the hoops set by the Korean government.

All other forms of private teaching is illegal and discussion of illegal activity will removed from the forum.

Koharski
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