ChooseFI Logo

109 | Exploring International Teaching Opportunities | Scott & Rob

Top Articles

New users get 1 year FREE of M1 Plus and earn $30 if they fund their accounts with $1000 or more in the same month!

  • $0 commission-free trading
  • Investing made easy with automatic rebalancing
  • Low 2% rate for emergencies or to consolidate loans

Start a new,

HIGH PAYING CAREER 

No tech experience
or degree required

Take the Salesforce Challenge

Share This Post
Share on facebook
Share on linkedin
Share on twitter
Share on email
Share on pinterest
Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Disclosures.

Scott, a math teacher in Santiago, Chile, and Rob, a blogger at Getting Canned, share their experiences teaching abroad, including the financial and lifestyle benefits, and the how-to for making it happen.

  • Scott Barrett, Brad’s brother, completed a bachelor’s in psychology, then earned his masters for free through the New York City Teaching Fellows program, then taught for three years in the city.
  • When Scott finished his education, he had about $30k of student debt.
  • It’s difficult to save money, or even just make ends meet, earning just a teacher’s salary. What strategies did Scott use to optimize his finances?
  • Rob, a former systems analyst who lost his job in 2008, found overseas teaching opportunities in the summer of 2010, after two years of unemployment.
  • General requirements for teaching English abroad:
    • From an English-speaking country
    • A bachelor’s degree, of almost any sort.
  • How did Scott learn more about teaching abroad, and what was his process for finding a job?
  • There is a very wide range of compensation for teaching in the U.S. ($30k – $200k), but teaching at the middle and high school level is often on the low end of the range.
  • Rob’s compensation for teaching in Taiwan was about $18 an hour, but he also received free room and board, with a 20-hour-a-week schedule.
  • A lower cost of living – including health care – is a huge benefit when considering compensation abroad.
  • Scott accepted a job teaching middle-school math at a top-tier international school because it offered an excellent compensation package:
    • Salary
    • Quality of life
    • Relocation assistance
    • Local housing
    • Travel assistance for visiting home
    • Resigning bonuses
  • Many top-tier international schools are taught entirely in English.
  • Finding a job at a school similar to Scott’s is very competitive. What gives someone an edge?
  • Rob recommends teaching English abroad for someone that’s almost reached financial independence.
  • Scott’s take-home pay has doubled compared to his salary in Virginia; he now saves about 80% of his income.
  • Traveling within Asia can be very inexpensive.
  • Where does Scott recommend for teaching abroad?
  • Scott and his wife are planning to take a sabbatical year next year to spend time in Europe and Asia.
  • How do Scott and Kristen plan to optimize travel expenses?
  • Rob recently moved back to Taiwan to teach and travel, after about four years working a corporate job in the U.S.

Listen to Brad and Jonathan’s thoughts about this episode here.

Links mentioned in today’s show:

Search Associates

International School Services

International TEFL Academy

Trusted Housesitters Full Disclosure: We earn a commission if you click this link and make a purchase, at no additional cost to you.

Getting Canned

International Teacher’s Life

FlyToFI

JL Collins NH

“Long Term Unemployment” – Getting Canned

“The Shockingly Simple Math Behind Early Retirement” – Mr. Money Mustache

https://www.choosefi.com/109-international-teaching-scott-rob/

Subscribe To The FI Weekly

Action, accountability, inspiration, and community. Join the movement. Get started on your Path to FI

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Disclosures.
More To Explore