The digital nomad lifestyle combines work and travel, exploring the world and its cultures.

This lifestyle offers benefits like cultural exploration, international experience, and professional growth.

Digital nomads can earn high incomes and work from anywhere.

Digital nomads face challenges like time zone differences, language barriers, and unreliable internet connectivity.

To become a digital nomad, create a budget and invest in remote work equipment.

Digital nomads must research visa requirements to comply with the laws of countries they plan to visit.

Several countries, including Canada, Japan, and Portugal, offer special visas for digital nomads.

These visas offer benefits like longer stays and tax incentives for remote workers.

The digital nomad community includes professionals like developers, creators, marketers, and designers.

Digital nomads can work from various locations and travel to different countries while maintaining their schedule.

They can engage in freelance writing, online teaching, design, e-commerce, programming, and marketing.

Remote desktop software and storage are crucial for digital nomads, enabling access to work computers from anywhere with an internet connection.

A stable financial foundation is vital for digital nomads.

Digital nomads often need international health insurance to qualify for a visa in many countries.

Digital nomads can positively impact their host country by giving back and engaging locally.

There are approximately 35 million digital nomads worldwide as of 2022, with numbers expected to grow.

Digital nomads must consider currency exchange rates, local prices, and tax requirements when managing their finances.

The digital nomad lifestyle offers freedom and flexibility, but requires careful planning to navigate its challenges.

The digital nomad lifestyle combines work and travel, exploring the world and its cultures.

Title:

Content: Time topic
Pan Zhenglin: Digital Traveller Can Be a Tourism Catalyst
Subscriber
BONUS ARTICLES
Subscriber exclusive access to articles
Morning Post has added “Free Articles ” feature! For Morning Post VIP members, you can get 5 exclusive articles per month.
LEARN MORE
Font Size:
With the waves of globalization and digitalization coming together, a new way of life and work – digital nomadism – is like the first ray of sunshine in the morning, shining warmly and vividly into reality.
This is a group of Internet wingers who travel between the warp and weft of the earth, treat the world as a borderless office, enjoy a life of high income and freedom, and sow the seeds of innovation and vitality for the global tourism industry.
Governments should seize this opportunity to attract this new generation of nomadic elites, without compromising local job markets.
Digital nomads cover software development engineers, content creation artists, digital marketing strategists, designers in the design field, etc. They break free of the shackles of the traditional office environment and take the earth as the stage to interpret the wonderful life of traveling while working.
Their income is not only higher than the average of most people, but also because of the flexibility of working remotely, leaving a footprint in every corner of the world to explore and experience the baptism of multiculturalism.
Under the haze of the coronavirus epidemic, urban residents' yearning for distance has become stronger, and some tourist hotspots have keenly captured this change, and have launched special visa programs for digital nomads in order to alleviate the winter tourism brought by the epidemic.
It is estimated that some 35 million people will join the digital nomadic army by 2022, and it is expected that the number will continue to increase.
As an Internet power, China's digital nomad population has also exploded, and by the end of 2023, the potential scale has reached nearly 100 million people.
Sign up to continue reading the full article!
LIKE Our official Facebook page for more information

What are critical aspects of the digital nomad lifestyle?

Adaptablity to new cultures and language

This lifestyle offers benefits like cultural exploration, international experience, and professional growth.

Title:

Content: SHARE

We may earn revenue from the products available on this page and participate in affiliate programs. Learn more ›

In an increasingly interconnected world, the allure of working abroad has never been stronger. The prospect of exploring new cultures, gaining international experience, and broadening one’s professional horizons is undeniably enticing. However, beneath the surface of this exciting opportunity lies the complex challenge of setting up a shop in a foreign country. That’s where Citizen Remote can help.

Rated 5/5 on the App Store, and featured in Digital Nomads Daily, Expedia, and Business Insider, Citizen Remote stands as the singular essential tool for navigating the lifestyle of remote work and is on sale now through Jan. 7. If becoming a digital nomad is part of your New Year’s resolutions, this will be the best $39.97 you will spend.

Citizen Remote streamlines the often complex process of working abroad by guiding individuals through every step of securing a visa. Their user-friendly web and mobile app is designed specifically for borderless remote citizens, and it offers a one-stop-shop for browsing a wide range of remote work visas available worldwide. With the app, users can easily navigate through visa applications, explore popular destinations, purchase E-sims for hassle-free communication, and build their journey all in one place.

Beyond visa assistance, Citizen Remote addresses the practical aspects of relocation, offering a verified and secured inventory of rental properties for long-term accommodation. The platform ensures peace of mind during the adventure with adjustable and affordable global health insurance, allowing users to check coverage and eligibility requirements. Moreover, Citizen Remote fosters a travel-oriented community by connecting users with like-minded individuals through its social network feature. Whether you’re seeking insights, finding your crowd, or exploring shared interests, the app, available for iOS and Android, provides a seamless platform for digital nomads to connect and enhance their working abroad experience.

The benefits of working abroad far outweigh the challenges for many adventurous professionals. Seeking guidance and help from Citizen Remote can help you navigate the paperwork maze and make the dream of working in a foreign land a reality.

Get a lifetime subscription to Citizen Remote Premium for $39.97 (reg. $299) until 11:59 p.m. PST on Jan. 7, 2024, no coupon necessary.

We may earn revenue from the StackSocial products available on this page and participate in affiliate programs.

What are the criteria of the top 20 digital nomad locations?

Digital nomads can earn high incomes and work from anywhere.

What are critical aspects of the digital nomad lifestyle?

Digital nomads face challenges like time zone differences, language barriers, and unreliable internet connectivity.

Title:

Content:   • Your one stop for college news and resources!
Featured, Features, Study Abroad

A Guide for College Students Embracing the Digital Nomad Lifestyle

A digital nomad is someone who works remotely and travels often. Their work doesn’t require them to report to an office or adhere to a strict schedule. Instead, they can work anywhere in the world, doing the job they love.

It’s no wonder this lifestyle is appealing more to college students. They can travel the world while studying and working abroad. That said, being a college student and a digital nomad is a challenge. It’s not like a vacation where all you have to worry about is enjoying yourself.

You have to learn how to balance the fun of traveling with work and school commitments. The following tips will help you do just that.

Understand What the Digital Nomad Lifestyle Will Be Like

You have to understand what the digital nomad lifestyle will be like if you want it to work out. You can assess whether this life is for you, and better prepare for it if you decide that it is.

Here are some critical points to consider about the digital nomad lifestyle:

  • A work-life balance is a must
  • Traveling often can be exhausting
  • You must ensure access to healthcare
  • You need a plan for financial stability
  • You’ll have to adapt to new cultures and languages
  • Knowing visa requirements and other legal requirements is essential
  • You might experience homesickness, especially if you go international
  • Balancing school with work and life in a new place is a big commitment

Dig into these factors and research all you’ll have to do and give up to be a digital nomad. Then, you can make an informed decision about moving forward.

Master Time Management

You’ll have to take your time management up a few notches if you want to be a digital nomad.

It’s one thing to balance life and school. It’s another to balance life, school, traveling, and potentially, work. You must learn how to divide your days so that you pay each of these things the attention they need. In addition, time management will ensure you don’t burn out.

Start with a routine to build some consistency into your days. Wake up at the same time regardless of your schedule and get ready for your days the same way.

You can establish priority tasks the night before, like your classes, if you’re working, and when you’ll study. Set aside time for breaks, meals, and leisure time as well. Building these activities into your schedule will ensure you actually do them.

Attach times to each task and activity. For example, you have classes from 8 a.m. to 12 p.m. Next, you’ll have lunch from 12 p.m. to 1 p.m. After that, you have work from 1:30 p.m. to 6:30 p.m. Then, you’ll study from 7 p.m. to 8:30 p.m., and the rest of the night is yours.

Manage your time wisely and you can achieve everything you set out for each day.

Learn How to Stay Productive

One of the biggest challenges digital nomads run into is staying productive. All of the fun activities you can do when you travel to a new place can be distracting. It might be hard to stay motivated when you’re homesick. Technical and logistical issues can impact your productivity as well.

So, learning how to maintain peak productivity while studying and working on the road is essential.

Adhering to the routine we mentioned above will help keep you focused. Eliminate distractions while working by turning your phone on Do Not Disturb and muting social media apps. Create a designated workspace. You could also incentivize productivity by promising yourself a fun activity after you complete your work.

Secure your tech setup as well to maintain optimal productivity. Make sure you have the basics, like a good laptop set up with the proper work and school software and noise-canceling headphones.

Another crucial tool to have is a mobile hotspot. A hotspot ensures you can connect to the internet wirelessly on your mobile devices from virtually anywhere. This will come in handy when you travel internationally or to places with spotty internet connections. No matter where you are, you can still access your studies and any work you’re doing online.

Equip yourself with the right tools and techniques to stay productive as a digital nomad.

Choose Work That Aligns With Your Studies and Interests

Digital nomads are known to take many different directions with their work. You have options and can easily make a living while studying and traveling abroad. The key is ensuring the work you do doesn’t distract from your education and pull you away from who you are.

You’ll have a much better experience as a digital nomad if you choose work that aligns with your studies and interests. Rather than taking the barista job at the local cafe, work with your school to see if there are any work-study opportunities where you’re traveling.

You can also take the job search into your own hands. Search for job openings before you head to your destination through online job boards. Ask for referrals from fellow students.

Consider fully remote positions as well. There are many work-from-home jobs available that can accommodate a college student’s digital nomad lifestyle, such as being a tutor or a content writer for subjects related to your major.

Whatever work you decide to do, make sure it doesn’t take away from your studies and aligns with who you are and what you want to be.

Conclusion

Many college students are attracted to the digital nomad lifestyle because it allows them to travel freely while studying and working where they want to. As enticing as this life is, being a digital nomad isn’t void of challenges.

Make sure you understand what you’re getting into, master time management, learn to stay productive, and choose work that aligns with your studies and interests to give yourself a real chance at a successful digital nomad life.

SEE ALSO: How to Choose the Right Student Housing in the U.S.

Previous ArticleNext Article

What issues could affect working remotely?

To become a digital nomad, create a budget and invest in remote work equipment.

Digital nomads must research visa requirements to comply with the laws of countries they plan to visit.

Title:

Content: BETA
This is a BETA experience. You may opt-out by clicking here
Edit Story

Forbes Daily: Trillion-Dollar Chipmaker Nvidia’s Investment Game

Plus: The Serial Entrepreneur Who Doesn’t Need To Be First To Win

Click to save this article.
You'll be asked to sign into your Forbes account.
Got it

This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here.

Good morning,

Picture a couple holding hands, strolling along a snowy street in Tokyo lined with cherry blossom trees. Soon, OpenAI will be able to bring that scene to life.

OpenAI, the company behind ChatGPT, released its latest generative AI model called Sora, which can create videos up to a minute long from a simple text prompt. The company posted the video that the technology came up with from the Tokyo description on X, along with several others.

Sora doesn’t have a release date yet, and OpenAI said it is being “adversarially” tested by experts in areas like misinformation, hateful content and bias. It’s the latest offering from the Microsoft-backed AI company, including a new feature it’s testing that will allow ChatGPT to memorize users’ voices and previous chats.

Lastly, a quick programming note: the Forbes Daily will take a day off on Monday for Presidents Day. We’ll see you back in your inbox Tuesday and hope you have a restful holiday weekend.

BREAKING NEWS

Egypt is setting up a camp near its border with Gaza as a contingency for a potential exodus of Palestinians from the enclave if Israel goes ahead with a ground offensive on Rafah, the border region where more than half of Gaza’s population is taking refuge, Reuters reported. Egypt is reportedly preparing a “desert area with some basic facilities” to shelter potential refugees as a “temporary and precautionary measure,” but is hopeful that ceasefire talks can prevent such an exodus.

A U.S. Navy official revealed on CBS News’ “60 Minutes” that Iranian Revolutionary Guard troops are working on the ground with Houthi rebels in Yemen, providing assistance to the group that has escalated attacks on U.S. military targets in the region and shipping vessels in the Red Sea. The bombshell revelation comes as U.S. forces step up counter-measures amid fears of an escalating Middle Eastern conflict.

BUSINESS + FINANCE

Shake Shack’s stock surged Thursday after the burger chain smashed expectations for its quarterly financial results, sending shares to their highest level in more than two years. Shake Shack’s stock is up more than 30% year-to-date, as investors have been hungry for publicly traded restaurant chains.

A Michigan woman was arrested for stealing over 1,000 luxury items valued at $823,000 from at least three fashion rental subscription websites and then reselling them online. When the companies tried to charge 42-year-old Brandalene Horn for the stolen items, she either canceled the credit or debit card she had provided or disputed the charge, the criminal complaint states. The case illustrates how even an inexperienced fraudster can create a large issue for the $1.1 trillion ecommerce industry.

Wells Fargo’s stock rose more than 7% at times Thursday afternoon after regulators closed a consent order placed on the bank for its fake accounts scandal, which has remained a black eye for the company. The bank came under fire by regulators in 2016 after it was revealed Wells Fargo had created millions of accounts for customers without their consent, but the OCC said the bank had improved on its risk management and oversight of its sales practices.

WEALTH + ENTREPRENEURSHIP

Barbara Picower, whose late husband profited more than any other individual from Bernie Madoff’s $64 billion Ponzi scheme, is one of the country’s 25 biggest philanthropists, with lifetime giving estimated by Forbes at $3.15 billion. Over a dozen years through 2022, Barbara injected $4.2 billion from Jeffry’s estate into the JPB Foundation she launched, which has primarily funded medical research, poverty alleviation and environmental issues.

TECH + INNOVATION

Trillion-dollar chipmaker Nvidia has invested in over two dozen companies over the last two years, through both its venture capital arm Nventures and broader corporate development team. Many of the biggest companies in tech have their own venture capital vehicles, including Alphabet, Microsoft and Salesforce. But Nvidia is relatively new to the game, and can in some ways offer benefits beyond those of a traditional venture capital firm, portfolio companies said.

Red hot AI startup LangChain publicly released its first paid product Thursday to a waitlist of tens of thousands, which helps programmers building on top of large language models like OpenAI’s GPT-4 better track and test their underlying code. For companies trying to graduate from building nifty AI prototypes to large-scale, production-ready apps that can move the needle for their business, such visibility and control has proven a stumbling block, according to CEO Harrison Chase.

Startup Higharc has raised $53 million to improve the old-school industry of homebuilding: His company’s software allows developers to design homes in 3D computer renderings and lets buyers make changes to those computerized models based on their choices in real time. Making the process go faster and easier could also, at least in theory, make homes more affordable.

MONEY + POLITICS

The White House says Russia has obtained a “troubling” anti-satellite weapon that is not currently operational, seemingly confirming a warning issued by House Intelligence Committee chairman Mike Turner (R-Ohio) that the U.S. was facing a “serious national security threat” involving Russia. But Turner faced backlash from members of his own party, who questioned his motives for issuing the warning, as lawmakers work to pass an aid package to support Ukraine.

MORE: Russia dismissed House GOP warnings that Moscow is planning to put nuclear weapons in space, claiming the reports are a political ruse orchestrated by the White House to pressure Congress into releasing funds for Ukraine amid continued Republican opposition.

Shares of Digital World Acquisition Corp., the firm intending to take former President Donald Trump’s social media venture public, surged Thursday following an announcement the reverse merger will finally move forward to the next crucial step. The publicly traded blank-check company and Trump Media & Technology Group, the parent firm of Trump’s Truth Social platform, said late Tuesday they intend to announce a Digital World shareholder vote on a merger which would result in Trump Media’s direct listing on the Nasdaq stock exchange.

SPORTS + ENTERTAINMENT

French soccer star Kylian Mbappé plans to leave Paris Saint-Germain on a free transfer when his contract expires this summer, and he is widely expected to join Real Madrid. The 25-year-old’s exit will mark the end of PSG’s so-called super-team era, which was anchored by the star-studded trio of Mbappé, Neymar Jr. and Lionel Messi.

British singer-songwriter Rod Stewart has sold his music rights to Iconic Artists Group in a deal worth almost $100 million, making him the latest artist to cash in on his catalog. Iconic Artists Group also owns assets of artists like Cher, Nat King Cole and Dean Martin, and is among the investors buying into the idea that 20th century superstars will continue to have an enduring appeal and their music, likeness and other assets will be profitable for years to come.

DAILY COVER STORY

The Serial Entrepreneur Who Doesn’t Need To Be First To Win

TOPLINE San Francisco-based Pulley, the most visible challenger to scandal-scarred Carta and a newcomer to this year’s Forbes Fintech 50 list, is pouncing on the niche market for cap table management software.

Serial entrepreneur Yin Wu isn’t at all intimidated by the fact that she entered the cap table game seven years after market leader Carta. She’s gambling that you don’t necessarily have to be first to win the long game.

“When Stripe was getting started, it wasn’t the first payment processor. Braintree, Amazon Pay and Paypal all existed,” says Wu. “But when you talked to folks that were actually using any of these payment networks, it wasn't like they had such an amazing experience on these platforms. It was more like, ‘well, this is kind of what exists.’”

For now, Pulley still lives in the long shadow of Carta, which has 40,000 customers and was valued at $7.4 billion during its last fundraising round in August 2021.

Pulley, for its part, has $50 million in funding from Stripe, Founders Fund and angel investors including Elad Gil, Jack Altman and Avichal Garg, Wu’s husband, and the company notched a $250 million valuation in its Series B round in October 2022.

But Wu insists Pulley’s fundraising modeling technology is superior, helping founders understand exactly how much their stakes would be diluted by complex early-stage funding structures and what control they may be signing away should they offer to give away pro rata shares or “most favored nation” status to attract early investors. She also highlights Pulley’s offer letter tool which seamlessly tracks equity grants to new hires on the cap table and facilitates the logistics of getting offers approved by the board and sending out option grants.

Pulley charges customers $1,200 per year for its lowest-priced tier that can track up to 25 stakeholders. A growth tier for $3,500 annually includes up to 40 stakeholders and yearly 409A valuations (fair market valuations needed for tax purposes). Many customers are on custom pricing plans for more advanced features.

Pulley expects to triple in revenue this year and bring in tens of millions of dollars in 2024.

WHY IT MATTERS “As venture-backed companies stay private for longer, serving their needs is becoming big business,” says Forbes staff writer Hank Tucker. “For more than a decade, Carta has been Silicon Valley startups’ go-to option for tracking ownership, managing fundraising and granting equity to stakeholders, but thanks to Pulley’s emergence, founders have more choices now. Yin Wu is betting there’s enough room for more than one dominant company in the space and hopes its majority market share among prestigious Y Combinator companies will soon translate to the rest of the industry.”

MORE Newcomers To The Fintech 50 2024

FACTS AND COMMENTS

The White House announced Thursday it would provide federal funding for airport modernization projects. The money will be used to create wider concourses, larger security checkpoints, more efficient baggage systems, additional gate capacity and more modern air traffic control towers:

$970 million: The amount the federal government is providing for the improvements

114: The number of airports where modernization projects will occur, across 44 states

$25 billion: The total amount the Bipartisan Infrastructure Law, which created the aviation program that is funding the projects, is providing to modernize the United States’ airport infrastructure

STRATEGY AND SUCCESS

In the wake of the pandemic, the idea of being a digital nomad has been glamorized, and countries like Canada and Japan have unveiled visas for remote foreign workers. Being a digital nomad allows you to immerse yourself in different cultures and strengthen communication skills, but make sure to consider the challenges before embarking on such an adventure. Create a budget for your travel and living expenses, invest in remote work equipment, and research the visa requirements.

VIDEO

QUIZ

The Department of Justice sued over a state law it says is discriminatory that turns misdemeanor prostitution charges into felonies akin to “violent sexual offenses” if the defendant knowingly has HIV. Which state did the DOJ sue?

A. Alabama

B. Tennessee

C. Texas

D. South Carolina

Check your answer.

BEYOND THE NEWSROOM

To close Women’s History Month and reflect on Equal Pay Day 2024, join Forbes for our Equal Pay Forum on March 26 as we convene leading voices to discuss the most meaningful levers of change to power the next chapter in the fight for pay equity. Apply to attend in-person today!

What are critical aspects of the digital nomad lifestyle?

Knowledge of visa and other legal requirements

What are the criteria of the top 20 digital nomad locations?

A digital nomad visa program or the equivalent

Several countries, including Canada, Japan, and Portugal, offer special visas for digital nomads.

Title:

Content: Here’s How You Can Do Good As A Digital Nomad

by Femina Travel | Sep 29, 2023, 20:38 IST

Being a digital nomad can be great for the remote worker but, with the right attitude, you can do good for others too

Not everyone loves digital nomads. Although so many countries across the world now offer special visas for digital nomads (Dubai, Colombia,  Estonia, Bermuda, Portugal, Spain, Croatia and Cayman Islands, to name just a few), they often get a bad rap from local residents. They believe that digital nomads push housing costs higher and out of reach of the locals, and strain the community by just ‘dropping’ into places rather than trying to fit into the fabric of society at their new temporary homes. It is an undeniable fact, however, that foreign workers can infuse a financial boost into the arm of the host country, and it works out well for them because living costs are usually lower than in their home country.

How can digital nomads do good rather than spark suspicion in their new home areas? Here are simple ways to consider if you want your impact to be positive, and your being there actually being good for the local community:

  • Spend Money To Benefit Local Businesses

Prioritise shopping in smaller local shops rather than at big supermarkets, eat in non-touristy restaurants alongside locals, and tip delivery and cleaning people generously.

  • Engage In An Intellectual Exchange

If you have transferable skills as part of your job description, it would be great to help locals in whatever capacity you can. A healthy exchange of ideas can spur local entrepreneurship and potentially improve the lives of the people amid whom you live.

  • Volunteer In Your Free Time

There’s no better way to get under the skin of a new destination – here, your new home for a period of time – than by offering the help you can. Perhaps you could offer to help local kids with spoken English, or give some time to a nearby soup kitchen.

  • Be Social

Don’t spend all your time working in your home. The point of working away from home is that you live in another place. Go out and immerse yourself in life outside; once your neighbours and people in the locality realise that you’re friendly, they, too, will get more used to you and less resentful of your presence in their midst. Keeping to yourself is an invitation to be isolated. Don’t let your reticence be misinterpreted as arrogance. Embrace your new temporary home country and, in time,  you will go a long way in overturning suspicions against digital nomads.

Images: Shutterstock

Also Read: The Definitive Guide To Choosing A Hostel For Your Next Trip

Next Story

What are critical aspects of the digital nomad lifestyle?

Knowledge of visa and other legal requirements

What are the criteria of the top 20 digital nomad locations?

A digital nomad visa program or the equivalent

These visas offer benefits like longer stays and tax incentives for remote workers.

Title:

Content: Supplement
WikiProject
FEATURE
Know more: "Herdsmen" may have to pay taxes in both places
[Ming Pao News] Chen Lok Hsi, founder and chairman of China Master Global Group, said that the emerging lifestyle of digital nomads has many gray areas in tax. The group ’ s chief tax partner, Po-Chi Wong, said that the tax requirements and types of taxes are different in each place. It is also clear that there is no tax liability in the nomadic areas.
She suggested that it be possible to check whether there is a Comprehensive Avoidance of Double Taxation Agreement with Hong Kong. "There are some indicators of the number of days (stay), such as how many days in a foreign country, it is not regarded as a local tax resident, but a Hong Kong tax resident, and it is necessary to pay tax to Hong Kong".
Digital Nomad Visa Can Work Legally
In response to this emerging lifestyle, more than 40 countries around the world, such as Spain and Portugal, have introduced “digital nomad visas ” to deal with tax and visa conditions. Tax exemption for a period of time to attract talent.
Kristie added that digital nomads who enter the country on a tourist visa can generally stay for a shorter period of time. After the visa expires, they may need a visa run, that is, after leaving the country, and the visa period is recalculated; while digital nomads usually provide a longer stay, some can stay for up to 5 years.
However, she said that digital nomad visas generally require applicants to meet certain income requirements and provide proof of income, proof of employment, etc., which is not easy for freelancers like her to apply.
Previous / Next News

Why have Spain and Albania earned top digital nomad rankings?

They offer visas that extend up to five years

The digital nomad community includes professionals like developers, creators, marketers, and designers.

Digital nomads can work from various locations and travel to different countries while maintaining their schedule.

Title:

Content: Supplement
WikiProject
FEATURE
Chiangmai Coffee Shop Office Meeting on Bali Beach Digital Nomad Self-discipline for Freedom
Travel + work, is it possible?
Remote work has become a new normal in the workplace, so long as you have a laptop and a stable network, you can move the “office ” to any corner of the world.
Whether it ’ s surfing season in the Philippines or winter in Chiang Mai, the “digital nomad ” lifestyle is no longer just an imagination.
After 90 years, Kristie and Kate quit their jobs during the epidemic to join the digital nomad, living and living in a different place, and returning to the rhythm of life. Kristie said, “Nomad ’ s gift to me is to help me clean up my life and start again. ”
While the reporter was writing in the newspaper, Kristie, who had returned from Xinjiang for less than a month, flew to Chiang Mai, Thailand. Browse her sharing on social media platforms, she enjoyed the sunshine while leisurely working with her laptop in the open coffee shop, so that the reporter “grape ”“ bathed ” in the white light tube was very good. Kristie began her digital nomad career early last year. Bali, northern Thailand Chiang Mai, and then to Switzerland, a full year did not return to Hong Kong, "began the journey about 1 month, I have decided to live such a life in the future."
Get up at 8 and 9 a.m. every day, go to the beach, meditate, and work efficiently for 4 hours. After dusk, learn new things, read books, and live the creative life that many wage earners dream of.
He made $50,000 a month at the peak of his career.
Before the pasture, she worked in the advertising industry, and her body and mind were eroded by the pressure of work, and she suffered from chronic gastritis, "(sometimes) pain so that she could not eat all day, and she would vomit after eating."
Finally, the doctor said that even if the prescription of many drugs is useless, because my life pressure is too big, let her decide to change the environment, for their own life to a big clean.
At that time, she took the initiative to propose a 30% pay cut to her superiors, and switched from full-time employees to freelance workers.
There is no regular income, employee welfare, she confessed that "initially very scared, suddenly lost the sense of security", so she had saved six months of living reserve before leaving to prevent zero income during the period; and for themselves to open up a new source of income, operating from the media, doing small business.
She also became an oblique person, relying on writing advertising copy, public relations and marketing planning to maintain the nomadic living expenses, peak monthly income can reach 50,000 yuan, the off-season income is only more than 10,000 yuan, but stretched to make up for the short, life is still good.
In particular, she is mostly nomadic in Southeast Asia, where the consumption is low and the quality of life is good. Taking the island of Phangan in Thailand as an example, she lives in an independent holiday home, with a monthly expenditure of about 12,000 Hong Kong dollars, such as clothing, food, housing and travel.
Low prices, good living, Indonesia, Thailand, a hot spot
In addition to freelancers like Kristie, there are also people engaged in online teaching, design, e-commerce, programming and other remote work, as well as enterprises due to industry characteristics, full-time employees can also work remotely, such as Kate working in the web3.0 industry. Web3.0 is a decentralized Internet based on blockchain technology, NFT, cryptocurrency, metaverse and other popular technology concepts in recent years. It is based on Web 3.0 technology.
Kate, 24, who worked as an occupational therapist for a year after graduating from college, found that she did not like working in fixed locations and hours, and wanted the freedom to travel while working as a digital nomad.
She is interested in cryptocurrency, so she turned to web3.0, engaged in marketing, operation of blockchain projects and other work, usually through online communication with colleagues.
"Web 3.0 is a more international company, with employees from all over the world, most of them do not have a physical office, and many times employees can only choose to work remotely."
It ’ s like living three or four different lives.
Every time she goes to different places to participate in seminars, and after completing her work, she will stay there for 1-2 weeks, traveling all over Japan, Thailand, Australia, Singapore, France, etc. Although she is a full-time employee, she has no fixed office hours, sometimes she does not need to turn on the computer all day, she can go sightseeing, sometimes she needs to meet and meet constantly. Bring a computer, wired headphones and plenty of mobile data.
When I tried to watch animals in the Australian zoo, I suddenly had a meeting; I suddenly had to deal with work on the way to shopping in Korea, and the store has been closed for seven or eight years, which is completely different from the excellent nomadic life I imagined.
Kate, who often hangs "work first" and "have self-discipline to have freedom", admits that even the beauty of the current can not be completely relaxed and appreciated, "I think you can not because your work location is not in a fixed place, and people feel unprofessional; it should make people believe that you can complete the work wherever you are, and there is quality, and no need for others to adapt, so as to maintain this way of life for a long."
Digital nomads have bitterness and sweetness, but both say they can ’ t go back after they set foot on this road.
Read this year Kristie published in the book fair, from the nomad, to find the heart of the sea ", she met on the road only two seasons of American couples, with children wandering the world of nomadic families, Lin Lin's total lifestyle has brought her a shock," I know in Hong Kong, many of them are a life to the end, but in the nomad meet them, I ’ ve lived three or four different lives, ” and there are fascinating stories in each life.
Embark on a nomadic journey to open Second Life, their book of life, and add a few unforgettable experiences.
●
Text: Chang Shu-mei
Editor: Liang Xiaoling
Art: Hsieh Wai-ho
Facebook @ Ming Pao Supplement
Copyright © 2019 Mingpao. All Rights Reserved.
Related Words: Chiang Mai Visa Digital Nomad Visa Work from anywhere Digital Nomad
Previous / Next News

What are the criteria of the top 20 digital nomad locations?

They can engage in freelance writing, online teaching, design, e-commerce, programming, and marketing.

What is driving the digital nomad lifestyle?

Remote desktop software and storage are crucial for digital nomads, enabling access to work computers from anywhere with an internet connection.

Title:

Content: Skip to main content
+ 1.408.886.7177 Free Trial
Remote work
Stay Connected Anywhere: Remote Desktop for Digital Travellers
by Verena Cooper
Updated
Subscribe
News RSS feed
Share
As the world rapidly adapts to the digital revolution, we are witnessing the rise of a new type of worker: digital nomads.
Digital nomads are professionals who work remotely using technology, enabling them to travel and live a lifestyle unrelated to location.
This trend of nomadic working life is more than just a fad; it ’ s a sweeping shift in the way we look at work, and it ’ s made possible thanks in large part to advances in technologies such as remote storage and remote desktop software.
Remote desktop storage has become an important tool for digital nomads.
With it, they can access their work computer or office network from anywhere in the world as long as they have an internet connection.
This ability to work remotely not only provides flexibility, but also allows digital nomads to maintain high levels of productivity wherever they are.
Splashtop understands the complexity of this lifestyle and is committed to providing solutions to address the unique challenges faced by digital travelers, such as connectivity issues and secure access to remote resources.
We strive to improve the flexibility provided by this lifestyle, aiming to make the world a seamless workspace.
With the right remote desktop and remote storage tools, the world can indeed be your workplace.
That ’ s the power of technology today – it makes geography irrelevant, it ’ s changing the way we work, travel and live.
Welcome to the digital nomadic world powered by Splashtop ’ s remote desktop solutions.
Defining digital nomads and their challenges
Digital nomadism is the practice of doing work by relying on digital technology, often for remote work from abroad.
This lifestyle offers enticing benefits such as flexibility, freedom and the charm of travel.
However, this is not without challenges.
The key is connectivity issues due to different global internet stability and maintaining productivity in different time zones and environments.
The right tools, including reliable remote desktop software, can help address these challenges and make digital nomadic a rewarding and efficient way to work.
Remote Desktop: Solutions for Digital Travellers
Remote desktop software bridges the connection between your device and computer by using the Internet as a medium.
This process involves using two applications, even the "client" application on the portable device and the "proxy" application installed on the desktop.
This duo enables you to establish a remote desktop connection that effectively lets you control and interact with your desktop, regardless of time and place, as if you were immersive.
Basically, you can control your primary computer, access files, use apps, and even perform complex tasks from a remote location, all as if you were sitting in front of your computer.
Digital nomads can leverage remote desktop technology to dramatically increase their productivity.
For example, let ’ s say you ’ re a digital hobbyist who often uses specialized software installed on your home computer.
With remote desktop storage, you can use your laptop or even tablet to run this software from anywhere in the world without having to carry your home computer with you.
Alternatively, you may be a software developer or graphic designer (and also a digital nomad!) and you may need access to a powerful home desktop for coding or testing.
By using remote desktop software, you can take advantage of the processing power of your home computer to run intensive applications smoothly while traveling from a portable laptop or even tablet.
As a digital hobbyist, you may be worried that the main computer in your home is going into sleep mode, which may interrupt your remote storage.
This can interfere with your workflow, especially if you are in a different time zone or location.
However, with Splashtop, this concern is a thing of the past. Splashtop offers a “Wake Up Computer ” feature specifically designed to wake your remote computer from its sleep state.
This feature ensures that you can always connect to your computer, no matter where you are in the world, providing an uninterrupted, reliable remote storage experience.
Remote desktop tools also provide secure access to your files without the need to sync or transfer them across devices, reducing the risk of data loss or theft.
This technology is also beneficial when digital nomads need to collaborate with team members in real time, as they can remotely access a colleague ’ s computer to get help or perform a task.
One of the major benefits that remote desktop storage brings to digital travelers is the ability to overcome the unpredictability of travel.
Whether it ’ s an unforeseen situation that causes a hardware failure, or simply an inability to access a specific document, a remote desktop solution can provide the necessary buffers to keep your workflow running smoothly.
One such solution is Splashtop, which is designed to provide secure and reliable remote storage. With a user-friendly interface and strong connectivity, Splashtop supports a seamless remote work experience.
It is an effective tool for connecting to your main computer from any other device (laptop, tablet or even smartphone).
Its cross-platform features allow you to work across operating systems without compatibility issues.
All of this doesn ’ t require a lot of technical setup. All you need is an internet connection.
With Splashtop or similar tools, the world truly becomes a workspace for digital hobbyists, making geography a consideration of the past.
Tips for Using Remote Desktop Storage Effectively
Choosing the right remote desktop tool is critical to getting the benefits of this technology.
When choosing a tool, consider factors such as ease of use, reliability, speed, and security features.
Compatibility with different operating systems and devices is also an important factor, especially for digital nomads who may use various devices.
Ensuring safe and smooth remote storage is just as important.
Find tools that provide robust security measures such as two-factor authentication and data encryption.
A reliable internet connection also plays a vital role in ensuring smooth access.
It is recommended to use backup connection options in case of network instability, such as portable Wi-Fi or mobile hotspots.
With Splashtop ’ s adaptive streaming technology, you can still experience high-performance remote storage even on less than perfect internet connections, ensuring a seamless digital nomadic experience.
With Splashtop Remote Desktop Software, you will be able to...
• Work from home or anywhere in the world by accessing your work computer from any device without having to worry about transferring data to the cloud or investing in additional hardware or software licenses.
• Experience real-time, high-definition viewing of a remote computer screen, delivering up to 4K streaming at 40 frames per second for a low-latency remote storage experience.
Control your computer remotely from another computer, tablet, or mobile device as if you were sitting directly in front of it.
• Direct access and modification of any document on a remote computer without cloud upload or email transfer.
• Operate any software on a remote computer, from Adobe Creative Suite and video editing applications to CAD programs and much more.
Security is a top priority at Splashtop, and we protect your and your company ’ s data with encrypted connections, multi-level password options, two-factor authentication, and other features.
Learn more about Splashtop ’ s security and sign up for a free trial to experience it for yourself!
Conclusion – Remote Desktop for Digital Nomads
Embracing the digital nomadic lifestyle requires versatile tools to meet the unique challenges of remote work.
Remote desktop storage is an indispensable tool that increases flexibility and ensures productivity no matter where you are.
It allows you to access and control your main computer from a remote location, use specific software, and securely access your files.
Tools like Splashtop provide a seamless remote work experience that digital hobbyists anywhere in the world can rely on.
By offering a combination of strong connectivity, cross-platform compatibility, security features, and high-performance streaming, Splashtop is the ideal companion for digital hobbyists, hybrid workers, and remote workers.
Ready to unleash your full potential as a digital nomad?
Learn more about Splashtop ’ s remote desktop software and discover how it can revolutionize your remote work experience.
Sign up for a free trial now!
Verena Cooper
Verena is an International SEO Manager at Splashtop.
Free Trial
Related Content
Customer focus
This Week ’ s Featured Comments
In-depth knowledge
Compare
Scaling Alternatives to Remote IT Support
In-depth knowledge
Remote Learning and Education
Demo video: Using Chromebooks to remotely access Windows and Mac computers
In-depth knowledge
Remote Learning and Education
Solve online education challenges with remote access and document security software
In-depth knowledge
View All Blogs
We'd love to hear from you.
Contact Us
Get the latest Splashtop news and special offers
Subscribe Now
• Standard Specification
• Privacy Policy
• Terms of Use
Copyright © 2023 Splashtop Inc.
All rights reserved.
$Prices shown are in USD

What is driving the digital nomad lifestyle?

What issues could affect working remotely?

inadequate IT infrastructure
Access to hardware

A stable financial foundation is vital for digital nomads.

What are critical aspects of the digital nomad lifestyle?

What are critical aspects of the digital nomad lifestyle?

Digital nomads often need international health insurance to qualify for a visa in many countries.

Title:

Content: Work while playing! Taiwan ranked in the top 10 countries of the world 's digital nomads "1 point" was praised
2024 / 07 / 05 09: 40
According to William Russell, a human resources company, 10 countries are suitable for digital nomadic work, with Taiwan ranked third.
Kao Chia-ching / Authentication Editor
[Financial Channel / Comprehensive Report] Job types have become more popular in recent years, and William Russell, a human resources company, points out that 10 countries are suitable for digital nomadic work, including Taiwan, which is also ranked third, and Taiwan ’ s “health care system ” is highly praised.
Spain and Albania ranked first in the ranking of digital nomads, with a maximum five-year extension for digital nomads, according to the Daily Mail.
However, in Spain, applicants for a digital nomad visa must have an undergraduate or postgraduate degree from a well-known university or business school, or have at least three years of work experience in the current field.
Mexico and El Salvador are tied for second place, with digital nomadic visas that can be extended for up to four years but require some proof of income to qualify.
Germany, Malta, Taiwan and Cyprus are ranked third, and remote workers can obtain visas for up to three years.
Norway and Portugal are ranked fourth, offering visas for up to two years.
William Cooper, marketing director at William Russell, said: “There are a lot of things to consider before moving to another country and officially becoming a digital nomad.
For example, in most countries or regions, it is necessary to have international health insurance to ensure that expenses such as doctor visits and hospitalization are covered while you live abroad.
""
Countries such as Malta and Taiwan offer well-established health care systems for their residents, including expatriates and digital nomads, so they are unlikely to incur too much medical costs, Cooper said.
I subscribe to the free finance Youtube channel.
No need to smoke, no need to grab, now use the APP to watch the news, guarantee the daily winning point I download the APP
I've added friends, thank you.
Welcome to Free Money.
It's a compliment. Good.
It has been praised, thank you.
Related News
Today 's Hot News
See more!
Please join the free finance group.
Netizens respond.

What are critical aspects of the digital nomad lifestyle?

Knowledge of visa and other legal requirements

What are the criteria of the top 20 digital nomad locations?

A digital nomad visa program or the equivalent

Digital nomads can positively impact their host country by giving back and engaging locally.

There are approximately 35 million digital nomads worldwide as of 2022, with numbers expected to grow.

Title:

Content: Drop everything and sail around the world
In recent years, the global media began to vigorously promote "travel living", translated from English - travel-life.
Its supporters are called digital nomads, or digital nomads.
They are not attached to the place of residence and work and are ready to trade comfort, stability and career prospects for life in continuous motion.
In the US alone, this philosophy is shared by 22 million people, or one in 15 Americans, in the world – 35 million, and by 2030, the number of digital nomads on the planet is projected to grow to one billion people.
Experts believe that this is the way to form a “seamless ” world with a“ connected person ” without roots.
Photo: Parliamentary GazetteParliamentary Newspaper
Down with office stress
Video of the day
The first digital nomad was an American writer and programmer.
In 1983, he set off on a computerized bike and completed it on a yacht in 2021.
The revival of the ancient nomadic way of life in the 21st century has become possible thanks to the Internet and IT technologies, and the pandemic of the covid with a remote format of work has spurred it.
By 2030, the number of digital nomads could reach a billion people.
What kind of people are these?
The first group is digital.
Programmers, project managers, graphic designers, journalists, writers, lawyers, translators, analysts, testers, copywriters, video editors, product managers.
Six months in the Maldives, three months in Barbados or the United Arab Emirates, where the world ’ s fastest mobile Internet.
The second is adventurers and wanderers.
The third is mortgages, for which loan payments are more expensive than permanent tourism and being in cheap areas of the world.
The philosophy of digital nomads is to untie themselves from their place of birth and one job.
Choose countries where the best climate, cheaper food, where there are no toxic offices, civil duties, but only the right to live in pleasure.
Digital nomads consider themselves the chosen ones of fate, because, in their opinion, they make the free choice of a free person.
Life in motion, they argue, is not bliss, but the norm.
Their favorite slogan is “The values of minimalism make us happy. ”
Nature, freedom, unprocessed food, physical activity...
A lot is said about this on their profile sites.
Anxiety and desire to change places
Hunting for a change of places is a problem of motives, and they are different, correspondent member, philosopher, chief researcher of the Institute of Sociology of the Russian Academy of Sciences Jean Toshchenko told the “Parliamentary newspaper ”.
Someone just has the opportunity to choose the best conditions of life and work.
Others have the pressure of economic circumstances.
This is facilitated by the growing class of precariat (people working in low-paid and unstable jobs without social guarantees - sick leave, vacation, with a reduced salary).
The transition from permanent to part-time, temporary, part-time employment makes it easier for such people to get out of place and go wherever they look.
Another category is those who, in principle, do not care about the content of the work, says the scientist.
They expect to find something to do everywhere.
From here the ease of lifting.
Finally, there are those who choose a way of life where civil obligations do not prevail over them.
An expert from the United States John Peters in a sensational article “Exile, Nomadism and the Diaspora ” called the opposition of nomad and state as the key idea of the movement.
Many travelers begin with the term “climate emigration ”, but constant mobility erases the boundaries of cultural and national identity.
As a result, the concept of homeland is also being rethought, and this is already marginality, he concludes.
A typical portrait of a digital nomad, according to the Nomad List survey, is a minimalist with a laptop, a backpack, a bachelor ’ s degree, a passport and a cup of coffee.
Lives in one place for an average of 70 days.
At the heart of the mentality is anti-materialism and contentment with small things.
The most attractive side of travel is cheapness, according to one of the profile sites.
Nomadism saves a lot of money because the costs of maintaining the property, maintaining the car, parking, winter clothes disappear.
It is fascinating and good for health.
The main cost item is renting a roof over your head and food.
Geo-arbitrage helps to live better and cheaper – the use of price differences between countries.
Peace in your pocket and nothing of your own
Some researchers call traveling a new socio-economic model.
It echoes the program slogans of the “great reset ” of the world proclaimed at the Davos Economic Forum.
According to it, the preservation of the planet in the interests of future generations requires tightening the belts of the living, limiting economic growth and reducing consumption.
The projected image of the future assumes that a person will be available to the whole world, a lot of services, but at the same time he will not have anything of his own.
Globalizers argue that property and binding to a permanent place of residence burden and encroach on the personal freedoms of citizens.
Why buy a house when you can rent it?
Why a personal car when there is carsharing?
Why save money when you can have a basic guaranteed income?
Why spend money on heating an apartment, if you can go to the warm lands for the winter?
When a person has no stake or yard, it is especially easy.
Modern nomads often call themselves citizens of the world.
The nomad is always online, and it is more convenient for him to communicate even with friends online, rather than offline.
Therefore, some experts have given it the definition of “connected person ”.
The unwritten motto of digital nomads: movement is everything, goal is nothing.
There are 300 people in the world who have visited all 196 countries of the world (including unrecognized territories).
Among them are Australian Rach and Slovak Marty.
The women described the adventures of the 15-year-old circumnavigation in the blog “Very Hungry Nomads ”.
They set out to inspire the women of the world to live without office stress, work on the beach, expand horizons and embrace new thinking.
Travelers sold out all the property and lived with luggage from two backpacks of hand luggage.
The focus of their project was food.
Odyssey cost 274 thousand dollars.
Her conclusion: the most delicious food is in Ethiopia, Afghanistan and Uzbek farmers.
The number of nomadism activists in Russia is also increasing.
For example, ethnologist Mikhail Zarubin traveled to 193 countries for 10 years and wrote a book for children “Tales of Young Travelers ”.
Four years more spent on the circumnavigation of his friend, the photographer.
150 hotels annually - the norm for Lisa and Vitalik, whose journey lasts 12 years.
Many other travel bloggers share their impressions on the website travcave.ru.
Traffic infrastructure
The digital nomad relies on infrastructure.
A digital nomad visa allows individuals who earn an income of at least $2,000 from a foreign jurisdiction to legally stay in the country longer than tourists.
Its price in Brazil is 72 dollars, in Greece - 75, Costa Rica - 100, Argentina - from 120 to 240, in Bermuda - 260, in the Bahamas and in the UAE - a thousand dollars.
Validity from 180 days to 10 years.
In countries where there is no such visa, nomads often live on tourist and even student, and the authorities turn a blind eye to this.
The elements of infrastructure are also coworking and coliving (common spaces where you can live and work with like-minded people).
The number of the first, according to forecasts, by 2025 will reach 26 thousand, and the second annually grows by a third.
In Russia, too, there is a coliving - "Station Smena".
It provides, according to the presentation, a unique opportunity to combine work and party.
Remotely you can work from home, public libraries, cafes - if only there was an Internet and a laptop.
The wealthier ones move around in offices on wheels.
However, the vans at home with a table, a lot of sockets, chargers and a background for conferences are like a luxury German crossover.
The system of hubs for nomads is characterized by a favorable climate, high-speed Internet, an easy visa regime and a low cost of living.
The most attractive locations are Chiang Mai (Thailand) and Bali (Indonesia), in Europe - Lisbon, Gran Canaria and the island of Madeira, in America - Medellin, Mexico City and Buenos Aires.
If the money runs out, nomads can spend the night in churches for free, in extreme cases - in a tent, especially since they do not tend to cold lands.
Someone on occasion earns remote trade, hand-made, bartenders, guides, DJs and VJs, nurses, teachers and what God will send.
As befits a philosopher, Jean Toshchenko is not surprised:
“The world is entering an era of great migration of peoples, similar to the one that took place 15 centuries ago.
The process of global migration is driven by economic, political and climatic factors.
And this general mobility affects all of humanity, making it dynamic. ”
The philosophy of individualism
And if everyone wants to live on an eternal journey, who will remain in their native country and will improve it?
Is there a balance between personal freedom and civic responsibility?
Is not the sense of patriotism atrophied, for example, among the digital class, part of which has amicably rushed outside Russia?
The balance between freedom and responsibility was sought by Voltaire and Belinsky.
They are looking for it and will be looking for it at all times, ” the chairman of the Council for the Development of the Digital Economy evasively replied to the Parliamentary Newspaper.
First Deputy Chairman of the Committee for Tourism and Tourism Development Nikolai Valuev did not hide skepticism from our publication:
“No matter what you dream and want, people will always be tied by a bunch of circumstances to the place of residence.
Work, habit, property, kinship and social ties, so these cosmopolitans will always be in the region of statistical error. ”
Comparing digital nomads, immigrants and relocants is incorrect, said the development director of VTsIOM Consulting.
The concept of “digital-nomadism ” develops a philosophy of individualism, he told“ Parlamentskaya Gazeta ”.
Its values: freedom to choose life goals, ways and places of work, the desire for openness of information, intolerance of discrimination and the conditional “seamless ” of the world.
At the same time, nomads, earning in their country, spend money in a foreign country.
How should this state be treated?
Why in the US with a population of 330 million people, Trump in his election program promises to introduce maternity capital for a new baby boom?
"Any government wants its citizens to work at home and develop the domestic economy," Yermolaev said. - The generation of the first baby boom is close to retirement age, which increases the burden on social infrastructure and reduces the number of able-bodied people.
And the digital nomad community in the US is growing.
According to MBO Partners, there are 16.9 million, and according to Nomand List, 22 million.
If the trend continues, the country ’ s economy will face a serious challenge in the coming years. ”
In Russia, according to Nomad List, digital nomads are still relatively few - 2.3 million.
And yet they should be taken seriously, urges the dean of the Faculty of Economics.
As a rule, nomads do not seek to part with the country, they can continue to work for domestic companies, benefiting the state.
And in order to preserve this human capital, to prevent its possible leakage, an income tax of 13 percent should be saved for this category, the economist believes.
According to the current rules, tax non-residents - people who have been in Russia for less than 183 calendar days for twelve consecutive months - must pay income tax not 13 percent, but 30 percent, besides they are not entitled to tax deductions.
As the head of the State Duma Committee on Labor, Social Policy and Veterans Affairs Yaroslav Nilov told our publication, all the necessary regulation in the field of remote employment was developed and fixed in Chapter 49.1 of the Labor Code even during the coronavirus pandemic.
Thanks to this, many workers today work remotely, most of them within the country.
Any changes to the law will also affect them, he explained.
This is usually used in a situation where there is an imbalance of interests of employers and employees.
“If people continue to perform their duties in accordance with labor contracts, taxes and payments are deducted from their income, then why invent something? ” the deputy concluded.

Digital nomads must consider currency exchange rates, local prices, and tax requirements when managing their finances.

Title:

Content: 24 year old girl working in 20 countries in 5 years sharing 4 financial management tips for being a “digital nomad ”
Personal Value Added 21: 30 2023 / 06 / 10
Share:
Share:
Remote work during the pandemic made home-based work or digital nomad popular, and Canadian schoolgirl Daniella Pashuk became a digital nomad five years ago.
At that time, the new crown had not yet broken out, and only at the age of 19, she entered an online university and began working full-time while traveling.
The term “digital nomads ” refers to people who travel freely while working remotely on the Internet.
They usually have the least material possessions. They work online using computers or smartphones in temporary homes, hotels, cafes, public libraries, shared offices or motorhomes. They often move between different countries and regions, and work as programmers, designers, writers, translators, etc.
“I can go where I want to go and do what I want in different countries.
It changed the trajectory of my life, "she told CNBC.
Pashuk, 24, has traveled to more than 20 countries in five years and is a freelance writer whose monthly income fluctuates.
“My monthly income ranges from $2,500 to $3,500 … Some months I travel as a family nanny, so I don ’ t have to pay any accommodation fees. ”
It also means that she has to plan her finances with extra care, although she can travel and work whenever she wants.
“You have to accept a little bit of unpredictability … each month looks different because you ’ re often in different regions, in different currencies, with different spending, so forecasting is a challenge, ” she says.
Extremes like “spending 600 euros last month and 3,000 euros the next month, ” Pashuk recalls.
To be a digital nomad, she says, it ’ s important to keep your finances in good shape because you have to fund the lifestyle you really want.
She shared four financial tips for being a digital hobbyist with CNBC.
Decide what kind of digital nomad you want to be
Pashuk says that what type of digital nomad you want to be will determine your situation.
The first type is people who change places frequently, going to a new place every one to two weeks.
She was in this state for almost two years at one time, but then stopped doing it because she found it was too stressful for her.
This can quickly become expensive, she said, as there is a big chance of problems with each move, such as high ticket prices, train cancellations and other extra costs.
Now she ’ s a “Slow Digital Nomad ” who stays in one place for at least a month or as long as her visa allows.
Pashuk says this helps the budget because the budget is fixed for months, and you stay in the same place and still spend the same things.
In addition, building an affordable “base camp ” can go a long way, providing some stability.
Currently, Pashuk has a “headquarters ” in Montenegro, but also works in different places:“ I still travel every month, but I have a place to come back. ”
She has to spend at least a certain amount each month, such as paying rent in Montenegro, but it has little impact on the total expenditure.
2. Use the correct debit card
When Pashuk started out as a digital nomad, having a stable and reliable cash flow was a huge challenge.
Her Canadian bank account has been locked because she is constantly changing locations, which the bank thinks is a bit suspicious.
So she was forced to call the bank all the time.
In addition, when you use a Canadian card to withdraw money from a local ATM, the offshore transaction fee is also considerable.
“Sometimes I lose $30 to $40 every time I withdraw cash, and if you have to withdraw it multiple times, you lose a lot of money. ”
Two years ago, she switched to a multi-currency debit card, which allowed her to top up and withdraw cash in the currency she wanted. Pashuk said she saved her freelance earnings into the card and took it to more than 20 countries without any problems.
29-year-old nurse earns 1.5 million a year travelling the world: seizing the opportunity of high pay and working only nine months a year
3.
Do full research.
She said that as a digital traveller, in the process of moving to a workplace, it is really important to do adequate research.
To figure out the average local prices, determine if they fit your budget, and find the average prices for Airbnb apartments, food, and other essentials.
Before going somewhere, Pashuk always makes a small table of the items needed for life.
“You never know what unknowns might creep up and steal your money. ”
For example, public transport can be prohibitively expensive in some countries. People often don ’ t think of this, Pashuk shares, because public transport is always cheap where you ’ re staying. “But I went to London and it cost a lot more than I thought, up to $20 a day. ”
Pay close attention to tax requirements
Pashuk also regularly keeps an eye on the latest tax requirements of different countries to ensure that a stay in one country is not long enough to be considered a tax resident.
"I just don't want to deal with it," she said. "Canada's taxes are enough for me."
If you ’ re considering becoming a “slow-moving digital traveller, ” Pashuk suggests studying digital traveller visas, as they typically offer tax relief — and some even complete exemption.
The more you travel, the more accurate you can predict how much you will spend, she says.
“Where you can cut costs, you have to be a little smart.
Being financially proficient is definitely a good thing in the long run and can keep you moving forward. ”
[Financial Freedom] My Blog Earns More Than 5 Million Dollars a Year Passive Income 33 Year-Old Young Mom: I Only Work 10 Hours a Week
13 Simple Stupid Things for American Couples in Their 30s to Save Their First Pot of Gold
= = = = =
[ET Talk] Hang Seng Index or see 17,000 points? HSBC analysis Liu Shaowen looks ahead to the second half of the Hong Kong stock market trend analysis Support, resistance and value board
Download the Hong Kong Economic Times App for free now
Open hket app and read more
Column: Financial Gas Station
Follow the latest financial news analysis, like hket Facebook
Subscribe to the Hong Kong Economic Times email newsletter
Receive first-hand financial news Learn more about investment and financial knowledge Submit my consent to receive promotional messages from Hong Kong Economic Times Group. You may also check the privacy policy of this website Terms of Use

What are critical aspects of the digital nomad lifestyle?

The digital nomad lifestyle offers freedom and flexibility, but requires careful planning to navigate its challenges.

Title:

Content: How to invest while living?
Celebrity Meeting 17: 01 2023 / 08 / 02
Share:
Share:
For our new generation, the value of freedom is becoming more and more important.
We want to have greater autonomy over what and how we work, and even the ability to decide when and where we work.
As a result, a digital nomadic lifestyle has emerged around the world in recent years.
The digital nomadic lifestyle allows us to make money through the Internet and achieve a more free life, regardless of geography and time.
But behind freedom, we need strength and money.
Therefore, for those who want to become digital nomads and travel the world, mastering investment skills and learning to create passive income will undoubtedly give us a great foundation.
Since digital nomads pay for everything on the road, we prefer investments with passive income, such as money funds, stocks, ETFs, real estate and dividend funds.
The most friendly way to invest for beginners is to invest in a money fund.
Money funds mainly invest in the money market, such as short-term government bonds, bank deposits, commercial paper and other high-quality, low-risk investment instruments to ensure the stability and security of the fund.
As a result, the value of the money fund fluctuates less, there is basically no loss of principal, and the risk of default and loss is very low.
At the same time, money funds are highly liquid, investors can buy or sell at any time, and usually do not have to pay a handling fee.
So, like a high-interest current savings account, all the money we spend while traveling is put into the money fund ’ s daily interest rate.
At the same time, we can invest in stocks and ETFs with higher dividend payouts, or even use them to build a portfolio that pays monthly or quarterly dividends to support our lives on the move.
In terms of Hong Kong stocks, domestic banks are a good choice to collect interest, but mainly pay interest once a year.
In terms of US stocks, there are more choices, various high-interest stocks and ETFs, such as ABBV (Abbvie Inc) and SCHD.
However, it should be noted that there is a 30% dividend tax on US stocks.
In addition, real estate is also a method that more people choose, which is relatively stable.
Many European and American friends will use the rent to support their daily consumption in places with lower living standards, implement geographical arbitrage, and live a higher quality of life.
Even if the original unit does not sign a long-term contract, you can rent short-term through Airbnb and collect rent.
However, the initial investment in real estate rental is larger.
If you want to be lazy, you can also consider a dividend fund.
Many funds can achieve a stable monthly dividend payout according to market demand. We can invest through banks, insurance companies and securities companies.
However, you should pay special attention to the past performance and risks of the fund when investing, such as whether there is excessive concentration of a certain industry.
In the past, some high-dividend funds were particularly concentrated in the real estate industry in the Mainland. If there is a headwind in the industry, the fund returns will also fall sharply.
Even if the monthly interest rate is paid, the return will not fully cover the capital loss.
In addition to working remotely or receiving cases, digital nomads can also choose the above investment methods according to their own risks and circumstances to increase passive income.
But passive income also needs some management to play better.
Therefore, we need to continuously learn and improve our investment and financial knowledge in order to better manage passive income and better live a digital nomadic living.
About the author _ Coin:
Personal Profile: The 24-year-old gave up his stable job in the bank, left the dream naked, and lived in the world, realizing the ideal life of making money, investing, living and experiencing.
Share your life in investing and living around the world with a YouTube channel called “Coin ’ s Naked Life ” that encourages you to pursue the life you want.
For more articles on Coin ’ s Naked Life @ Coin, please click here.
For more details of iMoney ’ s online column, please click here.
iMoney 's new website 【 imoneymag.com 】
# Like iMoney Magazine Page 【 Set to be First / See First 】
Open hket app and read more
Subscribe to the Hong Kong Economic Times email newsletter
Receive first-hand financial news Learn more about investment and financial knowledge Submit my consent to receive promotional messages from Hong Kong Economic Times Group. You may also check the privacy policy of this website Terms of Use