ChooseFI | Financial Independence Podcast7 Jan 2019

109 | International Teaching Opportunities for Financial Independence

Most Americans spend decades in the same classroom, watching savings trickle in at $100 or $200 a month. Scott was one of them — until his brother's email from an international school in South America changed everything. Teaching abroad presents unique opportunities for financial independence, highlighted through personal stories from Scott and Rob. Scott, inspired by his brother's journey, transitioned from a traditional teaching role in Virginia to an international school in Santiago, Chile, where he found not only financial stability but also love. Rob shared his path from corporate life to teaching English overseas, emphasizing the low cost of living and flexible lifestyle available in Asia. Both guests discussed key strategies for navigating the transition, such as leveraging job fairs and networking, alongside the potential for higher savings rates and job satisfaction. Timestamps & Discussion Points: [00:01:01] Introduction to Teaching Abroad Jonathan introduces the topic and its impact on financial independence. [00:02:35] Scott's Transition to Chile Scott shares his journey from teaching in Virginia to working at an international school in Santiago, Chile. [00:06:19] Rob's Journey to Taiwan Rob discusses his transition from systems analyst to teaching English in Taiwan after losing his job during the financial collapse. [00:10:39] TEFL Certification Importance Understanding the significance of TEFL certification for teaching English abroad. [00:13:13] Finding Teaching Jobs Overseas Exploring resources like international job fairs and websites for job opportunities. [00:19:00] Financial Strategies for Teaching Abroad How teaching abroad leads to higher savings rates compared to domestic roles. [00:21:12] Suitability of Teaching Abroad Insights on who would benefit most from this path and the various living conditions across different countries. [00:31:51] Evaluating Living Costs Important considerations for assessing cost of living when moving abroad to teach. [00:39:10] Final Thoughts and Future Plans Scott and Rob share their future plans and aspirations. Action Items: Research international job fairs and sign up for one that interests you. [00:13:13] Consider taking a TEFL course if you're interested in teaching English overseas. [00:10:39] Evaluate living costs and potential savings before moving abroad. [00:31:51] Key Quotes: "Travel rewards can make international teaching an affordable adventure." [00:11:06] "International teaching can drastically increase your savings." [00:19:51] "Look for regions with solid internet and low costs for digital nomadism." [00:35:46] Resources: Dave's ESL Cafe [00:09:01] International TEFL Academy [00:17:08] Key Terms: TEFL: Teaching English as a Foreign Language certification, often required for teaching jobs abroad. [00:10:39] Geo Arbitrage: The practice of taking advantage of cost differences in different locations for financial gain. [00:24:50] Cram School: Intensive supplementary educational programs, often held after regular school hours. [00:22:57] ▶ Listen Next: Ep. 114 — How to Win College Scholarships | Essential Listening

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