This paper is a response to a recently published article in this journal entitled 'Precarious privilege: personal debt, lifestyle aspirations and mobility among international school teachers' by Rey, Bolay, and Gez (2020. "Precarious Privilege: Personal Debt, Lifestyle Aspirations and Mobility Among International School Teachers." "Globalisation, Societies and Education," 1-13. doi:10.1080/14767724.2020.1732193). In this follow-up paper, we take the notion of 'precarious privilege' as the starting point for theorising an emerging concept derived from our recent research into teachers' experiences of turnover in the field of International Schooling. We call this concept 'transition capital', which encompasses a newer 'positive sociology' approach, imagining the social reality of being a teacher in an International School setting as being a mixture of both the negative and positive. We believe that the concept of 'transition capital' complements the notion of 'precarious privilege' by recognising the paradoxical nature of the teacher experience. It also attempts to go beyond it by showing how the positive and the negative are dialectical in nature. We also seek to flesh out the burgeoning concept of 'transition capital' by explaining its origins in the notion of 'resilience capital' and sketching a future research agenda.