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bitofarambler
Q&A for any and all questions you might have about traveling.
FAQ
are there requirements to be an ESL teacher other than being a fluent English speaker?
nope.
some countries and schools require a TEFL certificate or prefer candidates with an associate's degree depending on the position, but if you want to teach English, all you need is to be a fluent English speaker.
how can you afford to travel long-term?
The cost of living in most countries is around $500 USD a month for transportation, rent, utilities and food altogether; teaching English pays $2000 USD a month with zero qualifications or experience.
every month I taught English, I had a few extra months of my cost of living.
I taught English for about 7 years.
as long as you're making more than 500 USD a month remotely in any job, you can travel long-term.
What's the best country?
Depends on what you're looking for.
For backpacking, Japan. For natural history museums, Ireland. For food, China. For cost of living, Cambodia or India.
Rules
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Be civil
So long terms capital gains isn't excluded right?
And there is a 130k/yr cap on feie
So if someone builds up their nest egg they will still owe federal income tax on it if it's capital gains or over 130k/yr
Thank you for citing the source! I really appreciate that
You're welcome!
Right, the FEIE specifically excludes earned income, not unearned income, where capital or investment gains would be grouped under.
The exemption was 126,500 last year, but it's a variable rate as determined by the IRS each year, going up a thousand or so annually.
There are more strategies that are worth remarking on
This lets you convert pay per hour work into long term capital gains, or dividends, maximize 401k, do the mega-back-door, and get payouts in a Non-Convertible-Currency (such as VND)... your imagination is the limit.