Many of us do our due diligence before accepting teaching contracts to work abroad as ESL teachers and look at so many items. And as we know--there are tons. We look at the pay, we look at the vacation, we look at the number of class hours we'll be teaching, we look at the office hours, we look at the housing, we look at the health insurance, and much, much more. But often times, we are so fixated on these items that we forget to ask one of the most important preliminary questions: How is the underlying financial health of the person or entity making these promises? Can they afford me? What assurances do I have?
Don't forget: Argentina pays insane interest rates on its bonds not because it wants to... but because it HAS to.
How many of us have had someone say "Let me borrow $20, you know I'm good for it!" ...when in reality that person is *not* good for it. We do basic assessments on everyone we give our time and energy and money to. Deciding who to let employ you to teach English abroad is no exception and this should be a financial and business decision just like any other.
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