Many of us were fortunate enough to have the unforgettable experience studying abroad in college. It was ideal: you had a few hours of class a week, then spent the rest of your time sightseeing and soaking up the culture of another country all for roughly the same cost of your tuition (minus the flights and the insurance and the numerous souvenirs…). But after college, travel opportunities become increasingly scarce. Without the academic bubble to protect us, we have to fit all of our travel into the two weeks allotted by our companies. How's one supposed to travel the world? The good news is, it's not so hard to get a job abroad. Whether you're dying to get back to the architecture of Eastern Europe or the lush landscapes of Australia, there are always ways to become an expatriate and knock off two toucans with one stone. Here are some tips to help you get there.
1. Save a Sack o' Cash
Before you embark on your journey, don't do like many friends of ours have done and flee the country with a one way ticket and one suitcase. While that seems romantic, being ill-prepared will send you home sooner than you expect. The first way to be prepared is to create a travel fund. This will ensure that even if your job abroad brings in less income than you're used to, you can have a buffer to even out expenses. According to Jetsetter, there are dozens of great apps to help you save money and bolster your fund.
2. Parlez-Vous Français?
Now, this one is common sense. While being in a country where you can't speak the language feels awfully adventuresome, it's not practical. You'll look silly putting your translation app in everyone's faces, and most foreigners appreciate at least an attempt at speaking their language. If you're planning on going to France, don't just dig up your old high school French textbook. Listen to French podcasts, read French newspapers and books, and get acquainted with modern French life.
3. Find The Job Before You Get There
There are a lot of ways to go about your overseas job search. One, is by attending overseas job fairs. The great thing about them is that they're totally virtual and free. You create a profile and the recruiters seek you out. You can also search specific jobs by location and sector. Use your current networking platforms like LinkedIn to tailor your profile to overseas jobs. Follow overseas companies and attend alumni events. There are even sites like Seek for Australia and Gumtree where you can search for jobs abroad on your own.
4. Consider Teaching ESL
English is becoming a universal language, with the help of Americans who teach English as a second language. All you have to do is get a certification, which varies by state, and then find a program that can send you abroad. At GoOverseas, you can search by country, length of contract, and job category, plus get all of your questions about teaching abroad answered. Alternatively, check out the local embassy of the country in which you want to work. They often have teaching assistantship programs or Fulbright fellowships for which you can apply directly through the website.
5. Consider Nannying
We know it's not the most glamorous option, but think about it. You have free room and board, sometimes food, and may even be invited on vacation with the family for which you work! Only do this option though if you like to care for kids and have related experience. The cool thing about this is you can do it for just a summer, or a few weeks. Here is a comprehensive resource for au pair jobs abroad.
6. Don't Go Into it Blindly
The most important part about making the decision to work abroad is to commit to it. If you're willing to quit your job and leave your home for an indeterminate amount of time, you better be serious about it. Make sure you have the appropriate work visa so you don't get sent home. Know which countries are safe and which you should avoid. Also, be sure to not get arrested. Familiarize yourself with the laws of Americans working abroad, which can be found here. A little extra research never hurt anyone.
Going abroad is a wonderful opportunity, especially if it's more than just a vacation.
For more on how to start your journey overseas, click here.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.
My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.
In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.
We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.
I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.
One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.
Here are 5 reasons why we are obsessed with horse racing thanks to TVG:
1. Betting has never been easier
Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.
2. The biggest selection of horse races out there
If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.
3. Get a generous sign-up offer when you place your first bet
Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.
4. Making deposits and cashing out at the touch of button
With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!
5. Watching live races with your friends while betting is exhilarating
Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.
With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.
TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.
The races just keep ramping up and thanks to TVG, I can always get in on the fun.