Are you tired of waiting for the holidays to see the world? Can’t you live in the place of your dreams because of your job? Well, this is over! If traveling and touring the world without leaving your job is your dream, becoming a digital nomad is the perfect option for you!
What is a digital nomad?
A digital nomad is a person who abandons the idea of a conventional and protocol-filled office job and decides to make use of technology to work and connect with people or clients from any corner of the world. That is, by not having a fixed address, you can have a nomadic lifestyle traveling and discovering new destinations while carrying your work in your suitcase.
Thanks to technology, starting your business generating income is possible remotely and you only need two main tools, a good internet connection and a computer. Once you have these two, you just need the desire to travel!
Characteristics of a digital nomad
– Desires not to have a conventional office job (the new workspace can be at home, a coworking, coffee shops, the beach, etc.)
– High knowledge of the use of the internet and technological tools.
– Understand that being able to travel constantly does not imply being on vacation and not attending work. Discipline is key!
– Know how to manage your own time.
– Knowing how to travel light, which implies getting rid of many material things.
– They normally live for relatively long periods of time to live and relate to local life.
Advantages and disadvantages of being a digital nomad.
Currently, there are platforms through which a digital nomad can get a job, as well as companies can publish offers in search of freelance talent. Searching for work through them can offer advantages such as:
– Minimum investment: through the platform you simply must apply to the offers and show yourself as the ideal candidate.
– Jobs per project: By working under this modality, you can choose which projects you would like to develop and once they are finished you are free to decide if you want to take time and see places or apply to your next adventure.
– Depending on the platform, you do not need to spend a lot of time planning your trip as they help you arrange everything related to accommodation at low cost.
However, this nomadic lifestyle also involves certain disadvantages such as:
– The platforms usually charge a service fee that is obtained from a percentage of the work or work under a monthly subscription model.
– The income obtained will depend on the projects you carry out and how active you stay. That is, you will not receive income if you do not stay operational.
– You should always stay connected since clients require being able to always contact you to stay updated, give instructions or in cases of emergency / unforeseen events.
Types of digital nomads
There are different types of digital nomads that will vary depending on the type of income or work you do. For example, among the nomads that we can find are:
With passive income
Normally a person with passive income is because he obtains a flow of money without being actively working, that is, his income does not depend on his activity (for example, those that come from an income). In this case, the passive income does not come from the projects carried out by the worker but from the remuneration that the worker can obtain through the internet thanks to different mechanisms such as creating a website, online advertising, e-commerce, a subscription business, among others.
Thanks to digitization and technology, many companies choose to offer their workers the option of teleworking, that is, they can work from home or wherever they prefer, but remain part of the company or organization. This type of Digital Nomad has the advantage that you can continue working in a company receiving a fixed salary, but with the benefit of choosing from where you want to do it.
This type of nomad has the greatest freedom because their work is self-employed, being able to choose which projects they want to carry out – either for clients or their own, and from where to develop them.
Best destinations for digital nomads
However, not all places in the world offer all the comforts and conditions to attract digital nomads. There are different factors that differentiate some cities from others and that provide greater benefits for this lifestyle – for example, the cost of living.
Thus, among the most common cities chosen among digital nomads we can see:
– Lisbon (Portugal): thanks to the variety of activities that this city offers that make it interesting, its climate, landscapes, affordable prices and different coworking opportunities.
– Bali (Indonesia): With incredible views, paradisiacal beaches, low cost of living, areas for different types of activities such as hiking, Bali has become a highly sought-after destination for digital nomads.
– Berlin (Germany): This city offers a good quality of life since, despite being the capital, it is not the most expensive and offers many cultural spaces, good public services and many opportunities.
– San Francisco (United States): Favorite place for startup founders. Although the cost of living is something, it is offset by all the factors that a nomad could want such as the climate, quality of life, activities and the possibility of networking in Silicon Valley.
Legal implications of being a digital nomad.
One of the main barriers that a digital nomad can face are the implications of moving from one place to another, especially when it comes to traveling between countries. Not all countries and their citizens have the possibility of crossing borders without first requiring legal procedures and applying for a visa.
In this sense, depending on the destination selected, it is important that digital nomads previously investigate what the entry requirements are and carry out all the necessary procedures so that both their entry and their stay are in accordance with the law and thus avoid future inconveniences.
It is also important for digital nomads to know about the legal framework of the place selected as a destination, as well as their own country and, if applicable, their potential clients.
On the one hand, because it is necessary to know which is the applicable jurisdiction for nomads in terms of payment of taxes, legal domicile, regime applicable to service contracts, among others. And from the perspective of your clientele, know what the consumer protection laws are.
So, are you ready for a new adventure and become a digital nomad?