Expat Finance: Wealthy English Teacher

expat--finance

Expat Finance: How Working Abroad Set Me Up for Awesome I’ll be going back to Canada in less than two months after ten years teaching English in South Korea. There are various reasons, but mostly I’m just tired of teaching and tired of living abroad. I need a change, in a serious way. What I’m going to talk about today is money, and how you can turn your time teaching abroad into some financial awesome…

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The Stock Market Crashes-Here’s What I Did

Stock Market Crashes-Time to Get Greedy Investing is all about fear and greed. When the stock market crashes, people get fearful and start selling. This leads to even lower stock prices because there is less demand, which leads to more selling, and then the stock prices drop even further. When the stock market is going up, people get greedy. They keep buying and buying, even when it’s apparent that the top is near which forces…

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Is it too Late to Start Investing?

I answer the question of whether or not it’s ever too late to start investing in this short video. For everything expat finance, check out Andrew Hallam’s excellent book, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat.

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The Minimum Amount to Begin Investing

A short video about why I recommend people save up at least $10,000 in order to get started with ETF or dividend stock investing. For some solid investing advice, check out Steve Peasley’s book: Above Average Investing for the Average Investor. It’s one of my favorites for giving you the goods about investing, minus all the hype and fluff.

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Scared of the Stock Market? You should be Scared of Inflation

inflation

I’ve recently created a series of short YouTube videos about personal finance. I hope you’ll find them helpful and if you have questions you want me to answer, or tips about how to make them better, please let me know. I’m very new to the YouTube world. Here’s the first one explaining how most people are scared of the stock market, but what they actually should be far more scared of is inflation. If you’re…

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Where Retirees Should Invest

tropical island

Where retirees should invest if they are going to live abroad A reader question: “I’ve heard that one needs to consider where they want to retire when purchasing investments. If someone is unsure, but knows it will likely be a nice warm developing country, how might they want to adjust their portfolio?” My Answer: Don’t Worry about it! This is indeed a good question, but it is not something that you should worry too much…

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“Investing” with No Research

Research Would Show: Mutual Funds are Terrible I was just talking to my Canadian friend this morning and she was telling me about her mom who has hundreds of thousands of dollars invested in mutual funds. With even a minimal amount of reading about investment options, you would know that mutual funds are basically a total rip-off, particularly if you’re from Canada since the fees there are the highest in the world and you’d be…

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What I’m Buying: VDY (Canadian High Dividend Yield ETF)

The problem that’s not really a problem I’ve talked a bit about how I’ve been sitting on almost $10,000 of cash, waiting for the market to crash so I can buy. I actually like to have all my cash invested, along with around $30,000 on the margin, so that was $40,000 I didn’t have put to good use. Now, I do realize that having too much cash isn’t really a real problem, but it was…

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February 2015 Passive Income Report

February 2015 came in with a total passive income of $471.03. Check out the February 2015 Passive Income Report for all the details. Everything was pretty much normal except for a $150 sponsored blog post that I did over on my other site, My Life! Teaching in a Korean University for a car insurance company offering English service to foreigners. Sales of my eBooks which came in at an impressive $85.38. February is a slow…

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The Wealthy English Teacher: Samples from the Book

My second book, The Wealthy English Teacher is hot off the press and now available on Amazon in both digital and print formats. Initial sales have been promising with more than 20 copies sold in just a couple of days with no paid advertising. I’m hoping that people will really like it and tell their friends-there really is no other financial book (or even resource on the Internet) that is specifically for ESL teachers. If…

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Top 3 Reasons to Ignore Professional Stock Pickers

I continue on with a series on personal finance rules inspired by this post over at The Simple Dollar. The first three parts in this series were: Keep It Simple Stupid, Spend Less Than You Earn, and Pay Per Hour Worked in case you missed them. Today, some good advice from The Simple Dollar, which is to ignore professional stock pickers. You know, the ones you see on TV (Jim Cramer at Mad Money) and…

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What about Investing in Gold and Silver?

My Old Coworker’s Obsession I remember a few years ago when I worked with a couple guys who were obsessed with buying gold and silver. They were totally and completely convinced that stockpiling these two assets, physically was the best way to put their hard-earned dollars to work. I remember thinking that this seemed like a complicated endeavor because you had to go buy the product and hope you were not getting ripped off, then you…

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What I’m Selling: Wal-Mart Stock

With the recent run-up in stocks over the past year, I’ve been slowly exiting positions in my portfolio that I wasn’t 100% confident in and reducing the money I’ve borrowed on the margin and going to cash in anticipation of a medium-large drop within the next year (hopefully!). Wal-Mart stock is one of them. Why I’m Selling Wal-Mart Stock Retail is Ultra-Competitive Retail is an extremely competitive space as consumers are pretty fickle. It’s just…

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Why I Don’t Like Mutual Funds

I was happy to see that Andrew Hallam in his book, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat dislikes mutual funds as much as I do. It actually surprises me that more financial gurus, such as Dave Ramsey (from The Total Money Makeover) don’t jump off the mutual fund bandwagon and onto the index investing or dividend stock investing one. Anyway, mutual funds are a pretty terrible investment choice especially…

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Am I Worried About Losing All My Money in a Stock Market Crash?

I was talking with a friend yesterday and she was asking how much money I can gain or lose in a single day and if I was worried about a stock market crash, or not. Short Answer: I can gain or lose $3000 or $4000 or even more in a single day and I’m not worried about it. Here’s why: the gains or losses in my portfolio are not actually real gains or losses because…

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Book Review. The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat

Disclaimer: I was sent a free copy of this book by Andrew Hallam, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat in exchange for reviewing it on this blog. Overall, I really enjoyed it and would recommend it to any expat looking to get into the investing arena and do it right the first time, instead of through trial and error and losing a lot of money in the process. I…

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What I’m Buying: Energy Stocks

I normally like to have around $20 000-40 000 invested on the margin (money borrowed from my broker), which I can get at a really low interest rate (1.62% for the first $100 000 with Interactive Brokers) and then invested in dividend paying stocks that pay 3-5%, which leaves me with a nice profit of around 1-3% (after taxes) on that money. Except lately the markets have been going up and up and I’ve been…

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November 2014 Passive Income Report

November 2014 Passive Income came in at $288.14. For the breakdown and comparison to the previous few months, check out: Passive Income Report The bulk of my income came from dividend paying stocks and Hubpages (formerly Squidoo), as usual but a nice addition was $42.68 in sales from my my new Ebook, How to Get a University Job in South Korea: The English Teaching Job of Your Dreams. Compared to previous years: Nov. 2013: 268.98…

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What if the Stock Market Crashes?

US stocks are flying high lately, with the S&P 500 and the Dow Jones Industrial Average hitting record highs. I just checked my portfolio and was shocked to discover that I’d just made $7000 US in the past 30 days. Now, I’m under no illusion that these are “actual” gains because what goes up, must come down. Here’s what I do to prepare for the inevitable. I like to have at least 5 or 6…

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