Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, toxicity and dog-whistling are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !uspolitics@lemmy.world
7) No Hit-and-Run questions.
Please don't delete your post for no apparent reason. If you plan on deleting a question later, say so in the post, or if you feel that you have a good reason to remove it, message a mod beforehand. It's not fair to the ones who took their time to answer, and it's not in the spirit of the community.
8) No Bots.
Posts or comments from bots, LLM's, AIs, Neural Networks, Transformers, or Marvin the Paranoid Android are not welcome in AskLemmy. Real humans only please.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
hey there, you can teach English a few years, it's high pay, low hours and very cheap to live abroad so you can save fast, put your savings into index funds and get enough passive income to live indefinitely/retire. I have many posts about living/teaching abroad, passive income/retirement and some FAQs in the travel community . if you're interested i can go as in depth as you'd like for every step.
I'm gonna call bullshit. Wages for being an English teacher are directly proportional to the cost of living. And if you're a kid without any kind of degree, you're gonna have a hard time finding a good paying gig.
And after that, living off interest requires a ridiculous amount of capital.
fortunately for English speakers like op and yourself, none of your information is correct, and i mean that to be encouraging.
English teacher wages are often not at all proportional to the local cost of living. China pays 3-10k USD a month for English teachers, and the CoL is a few hundred a month.
My last city studio in China was $120 usd a month, there are apartments an hour outside of chinese cities for $120 usd per year
the TEFL certificate is more powerful than a college degree. A degree certainly makes things easier, but anyone can get a lifetime TEFL certification and teach english with or without a degree in many countries.
Ive been living abroad 15 years and owned 2 english schools, retired at 32 by leveraging high pay, low hours, a low cost of living, and passive income and am happy to help other people do the same.
The job postings I see that pay are looking for a bachelors, prior teaching experience AND an English cert.
Do you have a bachelor's degree?
You also say you literally owned TWO English schools, which I also bet made a bit of money for you, which is a fine path for someone to follow, but it goes well beyond just teaching.
different schools and countries certainly have different hiring requirements.
i have a bachelor's, although i wasn't asked to provide it when i started teaching.
owning my schools did not go much beyond teaching, no.
rent an apartment, put in a projector, screen, tables and chairs, some English school decorations, give demo classes, ask for semsster tuition, boom, owned a school.
and people shouldn't follow my exact path, but high pay, low hours, passive income? especially for people who don't have a path yet. I think that's a great option.
The more you repeat "passive income" the more ick I get.
that's fine, many people are more comfortable with the routine of actively earned income.
That's not my problem here.
earned income isn't a problem, no worries.
I don't think that's what passive means
passive income is making money without actively working.
you need capital first, which op doesnt have yet. they can actively work for their capital, then invest their capital and receive passive income indefinitely, directly turning their active income into passive income.