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Discuss working and making a living overseas, starting a business, or studying abroad.
6 posts • Page 1 of 1
I been working in real estate as a manager and investor. I'm not rich doing it but OK. I'm in my 40's now and have some money saved up and looking for a long term plan . Definitely one of them is to move overseas. Money and work is the issue. One choice is go back to school and get a graduate degree in TESOL or try computer through a trade school.
I think the graduate program in TESOL maybe my best bet. I be in my mid to late 40's if I finish school .
With computers maybe find work online. I have money saved up from working in real estate but it's not enough to retire completely. I figure I would need to keep working if I do move overseas. Just FYI I am still married and have a family to take care so income is more important. If I was single I think I would of gone overseas already.
Snede, he means a graduate degree in TESOL, which is what I am doing now.
Chanta, if money is the main concern, then you would have to go to Saudia Arabia or one of the Middle Eastern countries that provide a high salary, tax free, to teachers.
Otherwise, you won't be making enough to support a whole family, imo.
Of course, your real estate investments mean that you do have some money, so why don't you open a school instead? How about in Korea?
The programming/software engineering ship has probably sailed by now if you're in your 40s.
You said you have family - that obviously complicates things. Do you have kids? That will make going to live abroad a lot more difficult.
Best bet IMO would be to do whatever you can to increase your income and save as much as possible in the next 10 years. Then make it a goal to have enough money saved to be able to move abroad by age, say, 53. Maybe you could supplement your savings with some teaching.
What about acquiring some rental properties? I know a guy who is retired in Peru living only off the income he gets from his two paid-off rental properties here in the US (a condo and a small single family home). He gets something like $2000/month which goes a really long way in most of South America.
I actually heard stories of expats who married korean woman opening thier own hagwon cause they can make more money that way instead of working for one.
I know one other guy who is finishing up his graduate degree in tesol and yes he is married with a child. I think his long term plan is to move to asia.
For me i already have a degree in information system but ended up working in real estate. Good news is i manage some rental properties i own but the income is too small if i want to relocate to let say south korea or even japan. Maybe poorer asian country it might work.
Still i feel like i should have a skill to fall back on .
But i do agree build up on what i have.