Hi Everyone,
I know, in modern society, it is crass to talk about making money, and money matters.
But, if we read recent studies by Kahneman, Marty Seligman, Nature Social Science, etc. going from zero income to about $75K a year
predictably increases happiness.
In my opinion, no harm done talking about making money, as long as people earn honestly and share. That is at least what I do.
1. Can anyone speak about salaries and making money as English teachers in China?I once helped research data and write with TopTutorJobs,
https://www.toptutorjob.com/city-and-salaryIt was turned into a 30 page industry report.
2. As a ballpark figure, $50K USD a year in income is quite a realistic, ballpark figure for a teacher that:
a. Is from a Native-7 country
b. Has a college diploma from a decent school, rather than those for-profit disgraced schools
c. Has a CELTA
d. If they have a US state teachers license or PGCE, all the better
e. If they have a master's degree, all the better
f. Salary increases based on experience, capping off after ten years of full-time professional teaching experience
3. It is funny, as in the US, UK, etc. there are teachers with these aforementioned qualities everywhere you look, just not enough jobs.
In China, it seems almost the opposite. If you have these qualities, teach well, dress well, and really care about being a professional teacher, someone will not be out of work for long.
4. It seems like $50K-$75K a year is the target goal for such professional teachers.
While training centers, private tutoring, etc. gets gutted, being the equivalent to a teacher in the US, UK, Australia is very possible.
5. In my opinion, the real thing is how much someone saves.
A teacher that can save $3000-5000 USD a month, month after month, does as well as someone in our home countries who makes $10K a month with higher living costs.
6. I don't know that many teachers in the US, UK, Australia who make over $100K a year. So, it is fair to say China remains a good deal, for those who really value it, and can take all the downsides.
7. Any other opinions on making and saving money?Initially, I only thought ESL would help tide me over until the Great Recession of 2007-2013 ended. Likewise, I only tried China out for a year, but wanted better paying jobs in tax-free oil countries, or a different career altogether.
Yet, after nearly ten years, this place has grown on me and may be my home for life.8. For my whole life, I wanted to find more info about personal finance and self-made people, rather than that technical corporate finance they taught in school.
The best site I found was:
https://www.financialsamurai.com/Pay down debt, Vanguard 500 Index funds, some US bonds and real estate seem the best option, even at our modest income levels.
9. Opinions?