How many people are slouched back in their chairs right now, head back, eyes closed, thoughts of hammocks and white sand beaches drifting through their thoughts… Bam! Back to work, son! It doesn’t have to be that way, not with some simple life planning. In my late 20’s, after 5 years in corporate sales, I…
- quite my job
- sold everything I owned
- moved to Asia
- invested in a hotel / dive resort in the Philippines
- lost every penny I had
- went $30,000 into debt
- …figured out that I was DOING IT WRONG!
With a bit of smart life planning, you can skip the first 7 steps and jump right into the good part–just follow the plan I’ve laid out for you below. Before I get into it, let me say that this plan–as I have done it–requires to things.
- a university degree
- being a native English speaker
If you don’t meet these criteria, you can still accomplish the overall plan. You’ll just have to modify it a bit. Also, the title of this post says “From Bust to Beach.”
- “bust” = having zero dollars.
- “beach” = Southeast Asia–I currently live in Thailand.
Many of you wish you were “bust.” But you’re not. You’re worse than bust. You’re “bust minus.” …not only do you not have any money, but you’ve got a dump truck sized load of depressing, debilitating, darn-near-impossible-to-get-rid-of debt!
Don’t worry! I’ve been there. I feel your pain, and I’m here to help you.
If you have zero dollars, this is a 24 month plan. For every $700 in debt you have, add one month to the plan. For example, if you have $10,000 in debt, add 15 months to the plan. 10,000 ÷ 700 = 14.2 months. Your plan is now 39 months (don’t worry, they will be 39 of the most exciting months of your life).
Life Planning Step 1: Filling the Coffers
This plan requires money, and step 1 is all about getting it. Luckily, it’s easy! All you have to do is teach English in Korea for one year.
Qualifications for Teaching Job
- University Degree in Any Subject
- Be a Native English Speaker
Where to find a job
Here is how it’s going to be in Korea. By the way, I have done this. This step and these figures are 100% accurate and taken from my own experience living and working in Korea. If anyone tells you that this plan is not accurate, not possible, or not feasible in any other way, tell them to put their gloves on and come to the comments section–I’ll duke it out with them personally and in public!
Your job and living situation in Korea:
- Roundtrip airfare to and from Korea: Included
- Housing in Korea: Included
- Salary (after taxes): 1700 USD Per month
- Living Expenses in Korea: 900 USD Per Month (includes plenty for beer and eating out)
- Savings Per Month: 800 USD
- Contract Completion Bonus: 1700 USD
- Pension Refund 1200 USD
- Money In Your Pocket After Teaching in Korea for One Year: 12,500 USD
About These Figures
First of all, I know people in Korea who spend quite a bit less than 900 USD per month on living expenses; remember that rent is included for free. You’re expenses only include utilities, food, public transportation …and toothpaste. Most anything else you spend money on isn’t really necessary. That being said, I know lots of people who have been living in Korea for years and don’t have one penny in the bank! The 900 USD I quoted above gives you plenty of fun money for the weekends, and it allows you to save up for step 2. All you have to do is make a budget and stick to it!
About TEFL Certificates
People often ask me if they need a TEFL/TESOL/CELTA certificate to teach in Korea. The answer to that is, “no, not at this time.” …but, teaching English in Korea is getting very competitive, and, sometime in the near future, it is going to become a requirement. So, should you get one now?
I got one, and I’m glad I did. If you’re unsure you can try this online TEFL course for FREE. Here is why I recommend getting one.
- They pay for themselves–you’ll earn, on average, 100 USD per month more with a TEFL certificate
$100 X 12 months = $1200
Cost of certificate = $200
$1200 – $200 = $1000 in your pocket
On top of that…
- You’ll feel much more confident going into the classroom
- You’ll be better at your job
- You’ll be more competitive in the job market
Life Planning: From Bust to Beach in 24 months Step 1 Summary
1. Get a TEFL Certificate
2. Go to ESL Cafe and Get a Job
3. Go to Korea and Save $12,500 (while having a great time)
If you want more information about teaching English in Korea, just leave your questions in the comments section below. Or, feel free to send me an email, and I’ll get back to you personally.
Click Here to send me an email.
Click here to go to TEFL course.
Click here to read more posts about teaching English in Korea.
Click Here to apply for a job in Korea.