This just came up talking about passive income with an English speaker who wanted me to lay out the specifics of how they could retire 40 years early:
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Take a $9000, 40-hour-per-week in-person ESL job.
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Live on $1000 very comfortably abroad, invest the other $8000 at 5%; index funds are a good option and often outperform 5% returns.
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After one year, you have $96000 invested, returning 4800 indefinitely, $400 USD per month.
That’s enough to live in dozens of countries in a private bedroom with utilities/wifi and afford groceries and data.
- After two years, your return will rise to $9600 per year at 5%, $800 USD per month.
That’s enough passive income to live in most of the world in a private house/condo/apartment with utilities/wifi included with $400 left over for food and entertainment.
If you want to work 20 hours a week instead of 40, it takes 4 years instead of 2, working 10 hours a week takes 8 years.
8 years might sound like a long time, but it’s a lot shorter than 30 or 40 years and you only work 10 hours a week.
You can also blitz 40-hour workweeks 2 months of the year and work 10-hour weeks the rest of the year, there’s a lot of customization to be had.
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This is accurate, sourced, publicly available information that has helped people already and I hope can help more people.
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The numbers are the numbers.
There are over 1.5 billion English language students and 250,000 available ESL teachers, so there are at least 6,000 students per available teacher.
ESL jobs pay a premium, and if you check those posts, offer many additional benefits like free flights, provided curriculum, salaries paid weekly, holiday breaks.
At least 6000 students for every willing ESL teacher means a huge demand and consequently, high pay and benefits.
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The numbers are very much the reason for me sharing this information.
People can live better lives by teaching English. I’ve helped people do it before, and I hope other people are inspired to take control of their lives in similar ways.
Me too! Most teachers probably shouldn’t invest so much time for lower pay into that career if they aren’t entirely devoted to the craft of general education. If the goal is to earn enough to stop working(as my goal was) and you happen to speak English, I highly recommend the ESL route instead.
Your questions and comments are welcome and I think could be helpful for others, but I have to remove your unproductive and entirely inaccurate misinformation.
The numbers are correct, those jobs are real, there are over 1.5 billion ESL students and 250,000 ESL teachers. High demand means high pay and good benefits.
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