The COVID-19 pandemic has caused an impact on people belonging to all spheres of life. This has surely changed the working styles and environment in which we were comfortable for ages. According to a global survey conducted by Lenovo, the report states that around 74% of people want to continue working from home. Many such reports indicate that the changes in attitudes, technologies, and communication are inevitable which will eventually lead us to have maximum communities of remote workers, enjoying their freedom and flexibility in their professional lives. Around 4.57 billion people are using the internet and using technology which is making our world smaller.
People can connect through various video conferencing tools, by staying anywhere in the world. The rising ease of automobiles and jet engines has also conveniently shortened travelling time and has ensured that we need not be working from one place. Travelling today has become much easier and cheaper than it was ever before. All such cues lead us to become digital nomads. One can now see the world and earn from wherever they wish to. It gives you the flexibility to create a strong balance between your work and life. In this article, you will get to know a lot more about digital nomads.
Who Is a Digital Nomad?
A person whose job location is independent, and allows him/her to live and work according to their wish is known as a digital nomad. It simply means that you can work from a coffee shop in Mumbai for a client of London. Digital nomad uses technology such as smartphones, laptops or tablets, and the internet to perform their tasks and earn a living irrespective of their job location. The term digital nomad consists of two parts:
Digital: Making Money Online
Nomad: Travelling or moving from one place to the other
Three Types of Digital Nomads
Remote Working for a Company- Many digital nomads work for a company and get a salary by working remotely. This has become very common after the Coronavirus outbreak. A regular employee can also ask their boss to allow them to do the work online if it suits their job and work. If you cannot get such approvals try to switch the company to a similar position that allows you to work remotely. These are the days when companies are looking out for employees who are ready to put their blood, sweat and tears into working remotely.
Freelancing- Digital nomads are more prominently seen to be working as freelancers. All you would need to do is find a freelancing portal and job where you can offer your skills to the clients and work for them on a contractual basis.
Work for Yourself- There are many options for opening up a business and working as a digital nomad. A lot of people handle and run their businesses remotely. Be it an online health coach or a marketing consultant there are lots of opportunities for you to be an entrepreneur and a digital nomad at the same time.
How to Become a Digital Nomad?
Becoming a digital nomad is no rocket science; however, you will need passion and dedication to carry out your duties along with your travel plans. Here are a few tips that you would require to become a digital nomad:
Moving to an unknown location can be an unpredictable experience. Planning and research surely help us to manage our budget and expenses but sometimes we need money for an unexpected cause. Being a digital nomad the first step for you should be to save money and cut down your expenses. Travelling is always expensive as you require money not just for transportation but for accommodation, food and other activities too. You should save money and find out ways to keep costs low.
Be Prepared to Work Hard
Surely, being a digital nomad is a lot more fun than a desk job but you shouldn’t expect any fewer hours of work than you had earlier. At every point, you would be expected to hustle. Even if you are smarter and better than others, you will need to establish yourself wherever you work. To enjoy the nomadic life that you plan for yourself, you must gain success and profits too, and that is only possible if you work hard and do your best in whatever path you’ve planned for yourself.
Choose the Right Path and the Destination
To become a digital nomad, you will have to find out a job or a profession that allows you to work remotely. There are many freelancing opportunities out there for you to figure out which one suits you the best. Also, if nothing works for you and you are good at the English language, then you can start teaching English. It is surely in demand in all parts of the world and you can provide this service to the locals wherever you decide to travel.
It is also important to figure out a place where you would want to travel and live for the initial time. Many factors will help you in determining a location for you, some of which include: salary, co-working space, digital nomad community, culture and lifestyle you’re looking for. There are various places where digital nomad culture is quite popular. These places have a relatively low cost of living, plenty of co-working spaces, and high-spirited culture:
- Buenos Aires
Figure Out Your Budget
Budget is one of the most important things while being a digital nomad. It will help you survive throughout Once you know how much money you have and what is your path going to be, you need to have a strong financial plan of how you are going to earn and how are you going to spend money. It is imperative that you decide on a budget that works best for your lifestyle and needs.
Generate Passive Income
While you will carry out your journey of becoming a digital nomad, you will need some money to support your nomadic lifestyle. You shall require a backup steady income source to support your lifestyle. Most digital nomads today are able to live anywhere in the world because they have earnings from more than one source. It is the money that you are going to make outside of an employer or your profession. The most common example of earning a passive income for digital nomads includes money earned from rental property, stock dividends, blogging, affiliate marketing, and others.
If you are really passionate about being a digital nomad, the first thing you would need to do is to work towards your goals and stick to your ambitious plans. Reach out to digital nomad communities, seek the help of mentors online and offline and you have little to lose in this journey but a lot to gain. It is the time to travel, earn, and start chasing your dreams.
How do digital nomads earn money?
Digital Nomads can have a job and earn money through online.
Do Digital nomads pay taxes?
Yes, Digital nomads have to pay taxes.
Who is a digital nomad?
A digital nomad is a person who works with the help of the internet and a laptop while travelling to new places.