A financial stock-taking: 2018 compared to 2008

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A financial stock-taking: 2018 compared to 2008

Postby John Ross » Fri Jul 20, 2018 21:19

Just wondering how everyone is doing.

I've not gone native and asking what everyone is earning, but just a general testing of the waters.

Earnings: Are you earning more than you did ten years ago? I probably earn about 15% more; fewer teaching hours but more book royalties. Don't teach much these days, but the hourly rate isn't much higher. Proud to say I still have a few of the same students that I had ten years ago (and I charge them the same as I did ten years ago.) Also teaching the younger brothers and sisters of students from a decade past. Nice feeling of continuity and community. Feels good when I'm out on a beer run and students present and past shout out "Laoshi."

Savings: Pitiful but growing.

Money in Home Country terms: This is where it's really hard. While I'm very comfortable here, the mad real estate market back in Auckland has really priced me out of my hometown.
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Re: A financial stock-taking: 2018 compared to 2008

Postby Big Vern » Sat Jul 21, 2018 15:09

Earnings: About the same, but I work fewer hours.

Savings: I didn’t save ten years ago. Now I save about 40k a month.

I’m completely priced out of returning home. Short of a miracle I’m a lifer on the rock.
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Re: A financial stock-taking: 2018 compared to 2008

Postby cfimages » Sun Jul 22, 2018 09:35

Earnings - on average probably a bit more but it fluctuates. 2008 was my last year in the buxibans (actually early 2009 is when I left), so income was a mix of that and photography. Now it's all photography which makes it more unstable. I've had months where there's no work at all, and months where I've made $250K.

Savings - well there's more in the bank now, but not specifically as savings. Mostly as insurance against those slow months.

Home Country - well Sydney is impossible. The only part I'd consider living in is so over-the-top expensive now that there's no way. Have also heard it's become a lot worse to live because they started building high-rise apartments and the like and it is too crowded. Australia in general, maybe. I do think I'd do a lot better businesswise living there, but it would take a lot to get set up in the right place. I'd probably want to have 6-12 months worth of money at a minimum (in Aust terms) on hand before I'd even consider it. And that would be assuming there's something suitable for my wife, who does very well with work here.
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Re: A financial stock-taking: 2018 compared to 2008

Postby Corns » Mon Jul 23, 2018 14:26

Earnings: Quite a lot more after I left Taiwan but fondly remember the work in Taiwan (HTC and Taiwan government).Since 2008, I worked for nearly 7 years in government for trade policy in Canada, then did a stint in Saudi, and now work in the South of France in the private sector.

Home market: A loss for us. We sold our places in Taiwan and Vancouver Island. In retrospect, it was really stupid. Could have made a lot of money keeping onto them. Not too worried though. We live frugally and have a lot in savings (and a little family money). Have Canadian, provincial government and French pensions that will put a roof over my head after age 55). Lots of RRSPs in Canada and 2 waterfront properties in Vancouver Island that I will one day inherit (hopefully not for a long time).

As long as I have good wine, food, stir the pot :lol: :grin: , and live and work in an interesting location (and have Netflix), I am cool. :twocents:
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Re: A financial stock-taking: 2018 compared to 2008

Postby jimipresley » Mon Jul 23, 2018 20:19

I don't even want to THINK about my finances, let alone talk about them.
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Re: A financial stock-taking: 2018 compared to 2008

Postby Kal El » Mon Jul 23, 2018 21:27

You guys are a hoot. :thumbsup:
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Re: A financial stock-taking: 2018 compared to 2008

Postby Big Vern » Tue Jul 24, 2018 00:40

jimipresley wrote:I don't even want to THINK about my finances, let alone talk about them.


If you're not in debt then you're a lot better off than many people. One of the advantages of being an asset-free foreigner in Taiwan is nobody will lend to us, apart from those chaps with red teeth and tattoos.

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Re: A financial stock-taking: 2018 compared to 2008

Postby maoman » Tue Jul 24, 2018 11:26

John Ross wrote:Just wondering how everyone is doing.

I've not gone native and asking what everyone is earning, but just a general testing of the waters.

Earnings: Are you earning more than you did ten years ago? I probably earn about 15% more; fewer teaching hours but more book royalties. Don't teach much these days, but the hourly rate isn't much higher. Proud to say I still have a few of the same students that I had ten years ago (and I charge them the same as I did ten years ago.) Also teaching the younger brothers and sisters of students from a decade past. Nice feeling of continuity and community. Feels good when I'm out on a beer run and students present and past shout out "Laoshi."

Savings: Pitiful but growing.

Money in Home Country terms: This is where it's really hard. While I'm very comfortable here, the mad real estate market back in Auckland has really priced me out of my hometown.

Earnings: More than 2008, less than 2016. :-(

Savings: Now that I've started LIFE 2.0, I've got a plan. Hope I can stick to it.

Money in Home Country terms: Maybe some day. Not this year or the next. Or the one after that. :neutral:
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Re: A financial stock-taking: 2018 compared to 2008

Postby Kal El » Tue Jul 24, 2018 12:30

maoman wrote:Savings: Now that I've started LIFE 2.0, I've got a plan. Hope I can stick to it.

Yeah, I'm with you there. Looking for a home to buy and saving as much as possible in order to pay as little as possible on the mortgage.
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Re: A financial stock-taking: 2018 compared to 2008

Postby cranky laowai » Tue Jul 31, 2018 00:25

Earnings: Not significantly but at least incrementally higher.

Savings: Much better but still not added to as regularly as should be.

Money in Home Country terms: Hmm. The Beautiful Country, where I'm vacationing presently, would be more attractive if health insurance is stabilized and affordable. Right now, I still wonder if I could afford to move back -- at least to any part of the country that I would actually LIKE to live in.

Theoretically, as a new TW citizen I may be entitled to a pension. But if the gummit starts counting years worked only at 2018 instead of 1996, that probably won't do me much good regardless. I'll try to figure that out after I return.
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Re: A financial stock-taking: 2018 compared to 2008

Postby Kal El » Tue Jul 31, 2018 06:25

After 22 years of your adult life and a newly minted ID card, you might want to start rethinking that "home" country monniker there, mate. :wink:
Don't talk to me about naval tradition. It's nothing but rum, sodomy and the lash.
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Heathen filth, the lot of you.
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Re: A financial stock-taking: 2018 compared to 2008

Postby cranky laowai » Tue Jul 31, 2018 10:11

Kal El wrote:After 22 years of your adult life and a newly minted ID card, you might want to start rethinking that "home" country monniker there, mate. :wink:

:oops: :orz:

This is going to take some getting used to. :lol:

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Re: A financial stock-taking: 2018 compared to 2008

Postby HeadhonchoII » Wed Aug 01, 2018 22:13

Income now is much much better than 2008. In fact it may be as good as I ever get in Taiwan in a job ,realistically.


In between had a lot of highs and lows. Had a decent income, bunch of savings, lost job , burnt through the savings , decent income, some semi decent savings again (depending on how my dodgy investments are doing at the time).

For the first ten years in Taiwan I had literally no savings.
Taiwan isn't an easy place to earn piles of money.

No shit Sherlock !

It's easier to hold onto the money once you've earned it though (low taxes, low cost of living).

I've got the local pension too, I'm pretty sure they will pay out to all aprcs, long term spouses and new citizens.

As for property, still renting might pull the trigger one day too but no rush as renting is relatively convenient and cheap in Taipei city area at the present.

As for moving to the homeland, it's so expensive now like many other western countries . I just looked at apartments and housing, 3x rent I pay here, pay wouldn't be higher (be lower after tax) and the availability is appalling (getting three apartments in whole suburbs listed, it's hard to believe).
But you got to ask yourself the question....what would astronaut Chris Hatfield do?
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Re: A financial stock-taking: 2018 compared to 2008

Postby Big Vern » Wed Aug 01, 2018 22:48

HeadhonchoII wrote:
I've got the local pension too, I'm pretty sure they will pay out to all aprcs, long term spouses and new citizens.


It's not looking bad:


https://www.bli.gov.tw/en/sub.aspx?a=%2BpgUkeNxHR4%3D

https://www.bli.gov.tw/en/sub.aspx?a=BRN3K4zrsCQ%3D

Obviously, all government pension schemes need to be taken with a large pinch of Ponzi.
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Re: A financial stock-taking: 2018 compared to 2008

Postby jimipresley » Wed Aug 01, 2018 23:35

Was utterly destitute yesterday. My tax rebate came through today: 13k. I can survive for another few weeks. I only paid 14k total in taxes. The wife works miracles at the tax offices.

Oi, Big Vern, are you still interested in those ridiculously expensive bottles of whisky that I have?
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