How does this compare to your yearly savings? If you're a teacher, join the community of international teachers around the globe: www.nomadicteachers.com
Love watching the informative videos about teaching English in HK. Was there last July. Been wanting to apply as English teacher. By the way, I am Dario, English teacher in Phil. Got inspired by your videos . Keep safe
Definitely a remarkable savings! I did the cram school teaching thing in Taiwan for twelve years with my wife. Together we were able to put away $20,000 (US) per year so that when we moved back to the States (Hawaii), we had a pretty good nest egg. We are now fully certified high school teachers (I teach English and psychology and my wife teaches Chinese), and I personally would love to break into the international schools teaching circuit, but unfortunately my wife is against. I don’t think she’s ever quite believed me when I’ve told her that in places like Hong Kong we could probably put close to 100K in the bank per year. Granted, Hawaii is a very hard place to live once you’re here. But the cost of living is very high.
$6k will get you about 120-150 ft2 in an old building walk up with a wet shower. Lots of them around, but it's a tough way to live. You can't own a lot of stuff. It's a place for sleeping and shitting, not living.
You don't really need to get a bank statement from the bank. The bank app works just as fine and you can look up how much you have in you bank account instantly.
Dude. You’re either lying, or something is very wrong with your ability to count. Something doesn’t add up. You SAVED $325,000 HKD, which is overall more than some teachers even earn, but you only had $32,000 in your MPF. That means you were contributing $1300 a month, and your employer matching it. With MPF being 5% of your wage, that means you were on 26k a month. What am I missing 😂😂
I am not sure I can explain for Mr. Bohemian, just my 2 cents. MPF is not a pure saving. Owners of the MPF accounts are required to invest the saving on some limited choices. In the past year, most investment options were having a bad time, and so the value of the MPF investment probably have lost a lot.
MPF is capped at $1,500 per month if the 5% exceeds that amount. Also, it's invested, so its value goes up and down like any investment, and in the past few years, due to COVID-19, it has gone down. Also, international school teachers earn HKD 40-70k per month, so it's your knowledge and math that doesn't add up.
He's not lying. I taught English in HK for over 10 years. I can't speak for Mr Bohemian, but most teachers also have private lessons on the side... anyway, I averaged around 80000HKD per month and even cracked the 100000HKD a couple of months per year, usually running summer camps. There is a hierarchy of salaries. At the bottom are the tutorial centres, then the local kindergartens, then the EDB NET scheme, then international schools. I know English teachers who were making 20000HKD and English teachers who were making more than 100000HKD... I didn't save much... I rented a village house and I have a wife and two kids... but I ran a BMW X5 and never had to think about money. Be aware that it's extremely easy to spend money in Hong Kong... for me, the number one extravagance was having a car and I could really only justify that with having kids and a dog... A car will set you back minimum 5000HKD per month... usually more parking/fuel/tax then you have maintenance, etc... For a family, you'll need minimum of 15000 for rent in the New Territories... the sky is the limit in Kowloon and HK island. We spent around 20000HKD on groceries and around 10000HKD eating out. School fees, a couple of o/seas holidays, entertainment and it's mostly gone... on average, we saved around 10000HKD per month. When we returned to Europe, we were able to buy a house, but there's no way on earth I could run a big BMW X5 now, lol...
@@gingerabroad1204 Degree/CELTA I would add that I didn't earn that in the first year... You have to build up students and be prepared to negotiate hard for salaries... I was here by around year 3 or 4.
How much was your gross income in USD and nett after taxes? Right now i am saving around $38 000 per year no taxes rent, transport covered by the company and i don'tneed to kill my self at work to earn that. Got a potential offer in hong kong between 70 000 to 100 000 usd depending on commissions but i have a lot of concerns that i would save less.Any suggestions.
@@NomadicTeachers My favourite city is definitely Buenos Aires (though I live in Mendoza, near Chile). I'm paying 135 USD a month for a 1-bedroom apartment in the city center ! I believe that a 2-bedroom one is about 215 USD or so, in the same area where I live ! By the way, would love to visit Hong Kong, but as long as our currency keeps sucking, it's almost impossible to save enough money to fly from South America to East Asia, and at the same time spend a worthy amount of time there.
Thank you for sharing. What made you decide to move to Hong Kong to teach English? Do you plan to stay in Hong Kong long term? Have you thought about changing careers in Hong Kong? Do you think you can earn more money in another job in Hong Kong?
Hi Wilson, thanks for your message. My college professor knew the principal of the school, so she asked if I’d be interested in the job, and I took it. I don’t plan to stay long term, and I don’t plan to teach long term. I build websites on the side and think I’ll continue moving closer into tech. I think you can earn more doing just about any professional career rather than teaching.
Not sure of exact dimensions, but you can check past vids that showed the apt when I moved here. Yeah, I’m coming from San Francisco, where my rent was $900/mn. Most of my colleagues seem to be paying about double my rent here in HK. I guess it’s how you look for your spot. Expats sites vs local sites.
Your savings sounds about right. My family of four with a Domestic Helper, car and mortgage, we easily save 55% of our gross income. The worst year we had (SARS 2003) we saved 45% of gross income. The people that don't believe your savings are tax slaves in their home countries LOL
Ahhh I live in HK. At the amount you mentioned, it’s either you are making around 50k a month OR you spend extremely little and cut corners to save that much. Either way, genuinely happy for you. Don’t take off your mask 😂
I think the same too But he's living in Mongkok, things are pretty cheap there, even if he's earning around HK$35,000/month, eating out often in that area doesn't hurt his pocket at all I guess? Btw, you're soon there 1000 subscriber for monetizing your vids, congrats :)))
I am a mechanical engineer can I get a school teacher job in Hong Kong please tell me and what is the starting salary in Hong Kong as a school teacher please inform me
I want to move to Hong Kong to teach English before this summer . I am from America, has ten years of teaching English in japan under my belt and a four year degree . How can I find good recruiters?
Hey Corey, if you’re looking to teach at a language school, I’d suggest going to eslcafe.com, and if you’ll be applying to an international school, I’d suggest directly sending them an email.
Planning on moving to Hong Kong but honestly, really discouraged about getting a job Visa. Do you have any tips? Or know any company willing to sponsor work permits? I'll really appreciate.
@@NomadicTeachers I'm from Nigeria sir. Not really sure how to start applying or companies where to find job openings. Was told to come on a visit visa to job hunt, then fly out the country once I get a job pending when the work visa will be ready. I also read online most jobs are reserved for local Chinese and Hong Kong ID holders. So much information that I'm even more confused
@@rickovanti982it’s 5% of your salary kind of like a tax but it’s tax deductible, rent in HK is also tax deductible and other daily allowance/expenses which brings your total income tax rate to about 4%. In 2022 the US introduced new tax law where you don’t have to pay tax on foreign income source if you live abroad 11 months of the year (used to have to pay tax to the IRS regardless if you were American) this guy makes HK $640k as a teacher which is crazy but it’s the foreigner effect
Love watching the informative videos about teaching English in HK. Was there last July. Been wanting to apply as English teacher. By the way, I am Dario, English teacher in Phil. Got inspired by your videos . Keep safe
Definitely a remarkable savings! I did the cram school teaching thing in Taiwan for twelve years with my wife. Together we were able to put away $20,000 (US) per year so that when we moved back to the States (Hawaii), we had a pretty good nest egg. We are now fully certified high school teachers (I teach English and psychology and my wife teaches Chinese), and I personally would love to break into the international schools teaching circuit, but unfortunately my wife is against. I don’t think she’s ever quite believed me when I’ve told her that in places like Hong Kong we could probably put close to 100K in the bank per year. Granted, Hawaii is a very hard place to live once you’re here. But the cost of living is very high.
Yes HK is indeed easier to save more money than working in other countries despite the high cost of living
$6 k HKD sounds incredible. I have never heard of rent below $20k HKD for even studios
$6k will get you about 120-150 ft2 in an old building walk up with a wet shower. Lots of them around, but it's a tough way to live. You can't own a lot of stuff. It's a place for sleeping and shitting, not living.
@@yorktonsyes but when your main goal is to make some cash probably that’s bearable for some years!
You don't really need to get a bank statement from the bank. The bank app works just as fine and you can look up how much you have in you bank account instantly.
Dude. You’re either lying, or something is very wrong with your ability to count.
Something doesn’t add up. You SAVED $325,000 HKD, which is overall more than some teachers even earn, but you only had $32,000 in your MPF. That means you were contributing $1300 a month, and your employer matching it. With MPF being 5% of your wage, that means you were on 26k a month. What am I missing 😂😂
I am not sure I can explain for Mr. Bohemian, just my 2 cents. MPF is not a pure saving. Owners of the MPF accounts are required to invest the saving on some limited choices. In the past year, most investment options were having a bad time, and so the value of the MPF investment probably have lost a lot.
There could be possibility of having home tutorials too
MPF is capped at $1,500 per month if the 5% exceeds that amount. Also, it's invested, so its value goes up and down like any investment, and in the past few years, due to COVID-19, it has gone down. Also, international school teachers earn HKD 40-70k per month, so it's your knowledge and math that doesn't add up.
I’m moving to Hong Kong!
🙂. Right On Elliot
❤️Aunt Kate
Please don’t be fooled. Do more enquiries 🙏
Spiffing vids mate! How many hours are you working per week at the international school, and did you save all that without taking private students?
He's not lying. I taught English in HK for over 10 years. I can't speak for Mr Bohemian, but most teachers also have private lessons on the side... anyway, I averaged around 80000HKD per month and even cracked the 100000HKD a couple of months per year, usually running summer camps. There is a hierarchy of salaries. At the bottom are the tutorial centres, then the local kindergartens, then the EDB NET scheme, then international schools. I know English teachers who were making 20000HKD and English teachers who were making more than 100000HKD... I didn't save much... I rented a village house and I have a wife and two kids... but I ran a BMW X5 and never had to think about money. Be aware that it's extremely easy to spend money in Hong Kong... for me, the number one extravagance was having a car and I could really only justify that with having kids and a dog... A car will set you back minimum 5000HKD per month... usually more parking/fuel/tax then you have maintenance, etc... For a family, you'll need minimum of 15000 for rent in the New Territories... the sky is the limit in Kowloon and HK island. We spent around 20000HKD on groceries and around 10000HKD eating out. School fees, a couple of o/seas holidays, entertainment and it's mostly gone... on average, we saved around 10000HKD per month. When we returned to Europe, we were able to buy a house, but there's no way on earth I could run a big BMW X5 now, lol...
What qualifications did you have to earn that much?
@@gingerabroad1204 Degree/CELTA I would add that I didn't earn that in the first year... You have to build up students and be prepared to negotiate hard for salaries... I was here by around year 3 or 4.
It's my first year I HK and it passed too quick couldn't save much
what school did you teach at? thx LOL
I think thats above average. Which is good! Imagine what several years overseas can do.
So true!
How much was your gross income in USD and nett after taxes? Right now i am saving around $38 000 per year no taxes rent, transport covered by the company and i don'tneed to kill my self at work to earn that. Got a potential offer in hong kong between 70 000 to 100 000 usd depending on commissions but i have a lot of concerns that i would save less.Any suggestions.
And to think that here in Argentina you can live a pretty comfortable life with 5000 USD a year...
Wow, really? I’ve never been to Argentina. Where’s your fav city, and how much is average rent price there for a 2-bedroom studio apartment?
@@NomadicTeachers My favourite city is definitely Buenos Aires (though I live in Mendoza, near Chile). I'm paying 135 USD a month for a 1-bedroom apartment in the city center ! I believe that a 2-bedroom one is about 215 USD or so, in the same area where I live ! By the way, would love to visit Hong Kong, but as long as our currency keeps sucking, it's almost impossible to save enough money to fly from South America to East Asia, and at the same time spend a worthy amount of time there.
@@cstnfacu That’s awesome man. Thanks for sharing, super interesting!
In Singapore I think I was saving around 35k US a year (and/or paying 35k towards student loans my first few years). Nice job E!
@@katief8141 That’s sounds good for Singapore’s high rent prices!
How much did the school pay you to save that amount in a year?
Thank you for sharing. What made you decide to move to Hong Kong to teach English? Do you plan to stay in Hong Kong long term? Have you thought about changing careers in Hong Kong? Do you think you can earn more money in another job in Hong Kong?
Hi Wilson, thanks for your message. My college professor knew the principal of the school, so she asked if I’d be interested in the job, and I took it. I don’t plan to stay long term, and I don’t plan to teach long term. I build websites on the side and think I’ll continue moving closer into tech. I think you can earn more doing just about any professional career rather than teaching.
I only earn USD 2,000 per month in Mainland China.
Engineering job or teaching which is better in Hong Kong please tell me and what is starting salary pkg
How big is your place for around $750 USD/month? That's cheaper then nearly all apartments on the West Coast of the US.
Not sure of exact dimensions, but you can check past vids that showed the apt when I moved here. Yeah, I’m coming from San Francisco, where my rent was $900/mn. Most of my colleagues seem to be paying about double my rent here in HK. I guess it’s how you look for your spot. Expats sites vs local sites.
What was your salary?
Your savings sounds about right. My family of four with a Domestic Helper, car and mortgage, we easily save 55% of our gross income. The worst year we had (SARS 2003) we saved 45% of gross income. The people that don't believe your savings are tax slaves in their home countries LOL
Ahhh I live in HK. At the amount you mentioned, it’s either you are making around 50k a month OR you spend extremely little and cut corners to save that much. Either way, genuinely happy for you. Don’t take off your mask 😂
I think the same too
But he's living in Mongkok, things are pretty cheap there, even if he's earning around HK$35,000/month, eating out often in that area doesn't hurt his pocket at all I guess?
Btw, you're soon there 1000 subscriber for monetizing your vids, congrats :)))
International school teachers make HKD 40-70k per month, so yeah, this is more than possible.
So 12000HKD a month you'd say is too little? that's the job offering I got
@@oo7276that’s really low; not trying to be mean but yes true! It sounds like they don’t value you, keep looking friend
6k for housing? Inside a cage? Or with the shared toilet?
How to apply in hongkong as a teacher
Which subject do you teach? Very informative video
lol. English language of course.
@@EMVelezhe said he works at an international school he could teach anything
I wanna come back
I have HK$3000 and I’m only 12
I have been offered 27000 hkd/month salary package at HK.... Should I move to HK... Will it be affordable for me and wife in this much salery....?
Nice job finding some work here! Although 27k is a good start, you might want to ask for more- at least 10k more a month. Good luck!
Nice
I am a mechanical engineer can I get a school teacher job in Hong Kong please tell me and what is the starting salary in Hong Kong as a school teacher please inform me
Get the tesol/tesl certificate
I want to move to Hong Kong to teach English before this summer . I am from America, has ten years of teaching English in japan under my belt and a four year degree . How can I find good recruiters?
Hey Corey, if you’re looking to teach at a language school, I’d suggest going to eslcafe.com, and if you’ll be applying to an international school, I’d suggest directly sending them an email.
@@NomadicTeachersplease, why do you recommend them?
Legit reviews/reasons please 🙏🏼.
So, I can make my decision. Thank you.
is that number before tax?
Basically
What is the salary for assistant professor ?
more than one million hk dollars.
Planning on moving to Hong Kong but honestly, really discouraged about getting a job Visa.
Do you have any tips? Or know any company willing to sponsor work permits? I'll really appreciate.
Which country are you from? Your future employer should take care of visa applications.
@@NomadicTeachers I'm from Nigeria sir. Not really sure how to start applying or companies where to find job openings.
Was told to come on a visit visa to job hunt, then fly out the country once I get a job pending when the work visa will be ready.
I also read online most jobs are reserved for local Chinese and Hong Kong ID holders.
So much information that I'm even more confused
this. is. not. true
First of all put your mask back on. Secondly, it’s MPF not MFP. Thirdly, it’s HKD not HDK and lastly, your MPF doesent seem right.
God get over it.
You seem fun! MPF sounds right. 3000 a month times 12 months less a bit for set up time at the start. Also, ups and downs in the market.
@@rickovanti982it’s 5% of your salary kind of like a tax but it’s tax deductible, rent in HK is also tax deductible and other daily allowance/expenses which brings your total income tax rate to about 4%. In 2022 the US introduced new tax law where you don’t have to pay tax on foreign income source if you live abroad 11 months of the year (used to have to pay tax to the IRS regardless if you were American) this guy makes HK $640k as a teacher which is crazy but it’s the foreigner effect
How do you move your money back to your ho.e account?
LOL this is full of crap! rent alone and food your salary as teach won't save you that much.
International school teachers earn HKD 40-70k per month. His rent is HKD 6k as he said. Don't talk about things you don't know.
hi Mr Bohemian, this is my first time on your channel. Can i email you? i have a lot of questions to ask. Once again, thank you for your video.
The best teacher i ve ever met 🫡
Hakan! Thanks man, hope you’re well!!