The world is changing, of that there is no doubt, and most of these changes are for the better as we move into the 21st century.
The Digital Revolution is already barrelling down the track and this brings us so many benefits, not least the ability to communicate worldwide, using real time video, which brings us to the topic on this article, the digital nomad.
What is a digital nomad?
The definition is a professional person who earns their living online; this would include digital entrepreneurs such as e-commerce business owners, web designers and coders.
If your skillsets (and/or product) can be delivered digitally, then you can work remotely. Zoom is a godsend for nomads, as nomads can collaborate in a virtual environment and effectively manage their business.
Moving money around the world
This is a service that every digital nomad needs and the best provider is Dee Money, a global service that lets you transfer money to any country and their rates are very reasonable.
Many nomads use cryptocurrency, which allows global access and is probably the cheapest way to send money; indeed, Bitcoin is completely anonymous, which allows global access instantly.
Banks do not like platforms such as Dee Money, PayPal and Wise, as they cut out the bankโs role and they lose opportunities to make money.
A seasoned digital nomad pays very little in terms of bank charges, as they can navigate the online financial markets with ease.
Typical digital nomad professions
The people who come under the digital nomad umbrella include the following:
- Web designers/cyber-security specialists
- Coder writers/programmers/ app developers
- Financial advisors/consultants
- Traders of all commodities
- Real estate, rental property entrepreneur
- Personal trainer/mental health counsellor/life coach
- Vlogger (YouTuber)/blogger
- Journalist/media
- E-commerce
- Lawyer/legal assistant
The above are just some of the occupations that are classed as digital nomads; more and more entrepreneurs are working remotely, which brings a new level of freedom and independence.
Favourite digital nomad destinations
The top region is Southeast Asia, with Malaysia, Thailand, Singapore, Cambodia and Vietnam being on the nomad trail. Some entrepreneurs stay in one country, while others move around every few months, as long as stable Internet connectivity is available, a digital nomad can stay as long as they wish.
Bangkok is home to thousands of digital entrepreneurs, which they use as a base for their travelling; there are many coffee shops that are busy shared workspaces for nomads. There are groups you can join, where people collaborate on new projects and share their experiences.
See the world and save money
The high cost of living in the US and Europe is too much for some and they would rather jet off to Bali or Vietnam, where the cost of living is more affordable.
Learn about frequent flyer promotions; if you fly often, you can collect a lot of free air miles and upgrade to business class without paying any extra.
Register yourself as a freelancer in your home country, then you pay minimum tax and can spend a lot of time abroad.
1 comment
Becoming a digital nomad offers the possibility of living a life of freedom, flexibility, and independence. This lifestyle allows you to work remotely while traveling and exploring different parts of the world.