Private tutor Phang Yu Hon who gives Physics tuition earned a whopping $520,000 last year. He paid over $85k in taxes.
In a video interview with ST, he said he will be earning even more this year:
“My income has been going up exponentially. So, I think this year it’s going to be even higher. Ka-ching.” (Sound effect in original video 🙂 )
Running his private tuition business in a small unit above a shophouse, he currently has about 200 students and has a website at www.physics.com.sg.
If you are thinking of engaging him to teach your child one-to-one privately, you can’t. He gives only group tuition. With group tuition, he “can take more students at the same time.”
Two years ago, when Sunday Times interviewed him, he was making only $20k a month teaching Physics.
If you are good at teaching and have excellent past academic results to boot, why not give tuition a shot? It may not be uber glamourous, but it can make you richer than you’ve ever been!