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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Dealing with Negative Criticism from the Netizens

  A Controversial Blog Post A few days ago, I wrote a blog entry over on My Life! Teaching in a Korean University called, Korean University Jobs: The Golden Handcuffs. Basically, I said that while university jobs in Korea are quite lucrative, they’re also not a great long-term choice for quite a few reasons. I posted the blog to a few of the English teacher in Korea Facebook groups and the reaction was strong to say…

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Self Publishing Answers Podcast- I’m on it!

Thanks to the Self Publishing Answers podcast (episode #34) for answering my question so helpfully. It was basically about whether or not I should focus on a bigger niche or continue with the one that I’m currently in (ESL teachers). They had a ton of ideas for me but the biggest takeaway was that my major problem is that I only have 2 things to sell (The Wealthy English Teacher and How to Get a…

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Why Investing in Bonds is a Terrible Idea Right Now

A short video explaining why now (May 2015) is a terrible time to be investing in bond mutual funds or bond ETFs: For some solid advice, check out this book from Peter Lynch, one of the giants in the investing world: One Up On Wall Street: How To Use What You Already Know To Make Money In

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All-In Digital Entrepreneur when I Go Back to Canada: Crazy?

all-in

Canada: What to Do I’ve talked about moving to Canada in previous blog posts, and it’s now less than a year away (March 2016). I’ve started preparing in numerous ways such as gathering information about how to get the cats and my stuff back to Canada and also giving away/selling lots of my stuff that I wasn’t really using that much. How Can I Make Money in the Great White North? But, the really big…

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Reviews of The Wealthy English Teacher

wealthy English teacher

So far, people seem to like my second book which I published a couple of months ago: The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future. Here’s what people are saying from a post over on my other blog: Reviews of the Wealthy English Teacher. Check ’em out and for even more good stuff for ESL teachers trying to figure out their finances, go to the website: The Wealthy English Teacher.

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Andrew Hallam and Dividend Paying Stocks

dividend stock

I know that many people who read this blog also like Andrew Hallam who writes about expat personal finance and investing. The other day someone who had read, The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future and had checked out the Dividend Monk’s site wondered why Hallam only invests in index funds and not dividend paying stocks and Hallam was kind enough to message me with his answer: “Great topic for discussion.…

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Why doesn’t Andrew Hallam like Dividend Paying Stocks?

andrew hallam

A reader question: “After reading your book (The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future) and being on the Dividend Monk’s site I was excited to see what Hallam would say about quality dividend stocks (strong fundamentals, history of increasing dividends, etc) in The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat. However it seems like Hallam dismissed them quite quickly, saying that they didn’t earn as well as…

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The Wealthy English Teacher

wealthy English teacher

The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future is available on Amazon in both digital and print formats. You DON’T need to have a Kindle to get the digital version, but you can get the app from Amazon and read it on any smartphone, tablet, Mac or PC. If you’re living abroad, teaching English as a Foreign language and want to learn how to pay off debt, get started with investing and…

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YOU are taking a vacation?

As I exercise, I listen to podcasts and once of my favorite financial ones is Suze Orman, author of The Money Book for the Young, Fabulous & Broke. She takes calls on her show from people who have serious financial problems, but are quite often in just as serious denial. Examples of the Financial Crazy 1. Someone has $60,000 in credit card debt, but they just leased a $20,000 car. 2. Another person is struggling…

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Investing Books for Beginners: My Recommendations

If you’re new to the investing world, it can be a bit overwhelming to get started on the path towards financial freedom. There are plenty of helpful blogs out there, such as Mr. Money Mustache, Wise Bread, or The Simple Dollar but it can be difficult to get the “big picture” while you’re scrolling around from post to post at random. It’s perhaps a much better choice to read a book because you get the…

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Expat Investing: Resources to Get You Started

Investing in the financial markets when you live abroad can be a bit complicated due to things like currency conversions, tax laws and just fewer options for things like brokerage accounts. But, it’s not impossible and with a bit of reading and research, almost anyone can do it. Here’s where to start: Expat Investing Resources 1. Andrew Hallam’s- The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat. One of the best (and…

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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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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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The Wealthy English Teacher- Available on Amazon

 The Wealthy English Teacher: Teach, Travel, and Secure your Financial Future is now available on Amazon. It has a much bigger potential audience than my most nichiest of niche first book about how to get a university job in South Korea. I’m hoping that it’s the type of book that people really like, and tell their friends about, who in turn tell a few other people. So far, I’ve sold a decent amount of copies in…

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Top 5 Tips for Writing an Ebook

writing an ebook

I talked extensively about the process I went through when writing my first Ebook, How to Get a University Job in South Korea: The English Teaching Job of Your Dreams; check out all those posts here if you’re interested: How to Write an Ebook. Even though my second book is almost finished editing and should be up on Amazon within a few days, I haven’t talked that much about it here. The reason is that…

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Friends on a Budget: is it Possible?

Building Passive Income: 2 Main Factors 1. Living frugally so that you have more money to invest in things like dividend paying stocks. 2. Putting the time in to develop the passive income streams through building websites, books, Iherb, Amazon, etc. Going Out in South Korea Usually Involves Drinking Living in South Korea as an expat (I’m originally from Canada), one of the things that frustrates me is that “going out” usually involves hitting up…

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Frugal Hobbies: My Favorites

  Frugal Hobbies: Freedom Through Passive Income Style I talked on a previous post about how frugal living and building passive income streams are closely related to each other.  While there are plenty of ways to live frugally, especially with regard to transportation, housing and food (which I will talk about on later posts), hobbies are one of those things that you can either spend almost nothing or an enormous amount.  While I understand the…

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Spend Less Than you Earn

Anyone can do it! No matter your income level, spending less than you earn is by far the most important thing. We’ve all heard those stories about people earning millions of dollars a year going bankrupt. Conversely, we all know about the guy next door working at some average job who ended up dying with millions in the bank. The difference is that one guy spent more than he earned while the other one didn’t.…

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