ViciousVocabulary
09-18-2008, 10:24 AM
Here's a story I heard from another teacher about how he made $360,000 tax free his first two years of teaching.
I met this guy on a commercial. He and his wife had amassed a huge sum of money in about two years, but he had to finagle his wife to pull it off. They were both teachers and so he knew he wanted to teach overseas in Saudi Arabia but he knew she wouldn't got for it.
So, the first thing he did was to get her hooked on scuba diving. Then he said, "Honey, you know where the best scuba diving is? It's in the Red Sea." She went for it. They both applied to teach somewhere in Saudi Arabia. They were both paid $85,000 a year--tax free! They both got an extra 10 grand, to stay an extra year so they both made $95,000 for the next year. The entire time they taught there they lived on a compound where they didn't have to pay rent. All they had to worry about was money for food and their scuba habit.
Let's do the math:
$85,000 + $85,000 + $95,000 + $95,000 = $360,000
That's $360,000 in two years tax free! Wow! They spent some of it traveling Europe but the bulk they brought back and bought a home up in the Northwest--cash! This was years ago so homes were still relatively cheap. They got some paltry teaching jobs there but with their home all paid off and still with much of the nest egg saved, they were riding high.
Now, there is a catch. (There always is.) At one point the wife was shopping outside the compound and the religious police got upset at her lack of clothing (think burka) and she was chased back into the compound.
Here's the other catch. This was long before 9-11 so if you were to go now, there would be an extra worry about safety. But still . . . we teachers always worry about low pay and such. Here is a couple of teachers who in the first two years of their teaching career made a bundle.
Anyone else have a great story?
By the way, I'm thinking of heading back to the classroom in the San Bernardino area. If you know of something, let me know. I have two credentials (English and Multiple Subjects) and a Masters.
I met this guy on a commercial. He and his wife had amassed a huge sum of money in about two years, but he had to finagle his wife to pull it off. They were both teachers and so he knew he wanted to teach overseas in Saudi Arabia but he knew she wouldn't got for it.
So, the first thing he did was to get her hooked on scuba diving. Then he said, "Honey, you know where the best scuba diving is? It's in the Red Sea." She went for it. They both applied to teach somewhere in Saudi Arabia. They were both paid $85,000 a year--tax free! They both got an extra 10 grand, to stay an extra year so they both made $95,000 for the next year. The entire time they taught there they lived on a compound where they didn't have to pay rent. All they had to worry about was money for food and their scuba habit.
Let's do the math:
$85,000 + $85,000 + $95,000 + $95,000 = $360,000
That's $360,000 in two years tax free! Wow! They spent some of it traveling Europe but the bulk they brought back and bought a home up in the Northwest--cash! This was years ago so homes were still relatively cheap. They got some paltry teaching jobs there but with their home all paid off and still with much of the nest egg saved, they were riding high.
Now, there is a catch. (There always is.) At one point the wife was shopping outside the compound and the religious police got upset at her lack of clothing (think burka) and she was chased back into the compound.
Here's the other catch. This was long before 9-11 so if you were to go now, there would be an extra worry about safety. But still . . . we teachers always worry about low pay and such. Here is a couple of teachers who in the first two years of their teaching career made a bundle.
Anyone else have a great story?
By the way, I'm thinking of heading back to the classroom in the San Bernardino area. If you know of something, let me know. I have two credentials (English and Multiple Subjects) and a Masters.