How to become a Digital Nomad: A Step-by-Step Approach
So how would you like a job that takes just a few hours of your time a day, as you spend the rest of your time hopping from country to country across continents, sunbathing on the beaches in Thailand, learning Salsa in Argentina, trekking through the foothills of the Himalayas, ranching in South Africa – you get the idea!
Increasingly, as the lifestyle in the West becomes more hectic, more than more people across the developed world have taken matters in their own hands and decided to join the growing army of digital nomads.
There are young entrepreneurs looking for small entrepreneurship opportunities with one thing in common – they wish to take full control of life, rather than be controlled by it. The idea is to live a great life and live it NOW, rather than wait for retirement in thirty years to do just that.
In this article, we discuss just how to become a digital nomad and do it as painlessly as possible. Read on!
Save Money, Pay off your Debts
You cannot begin your digital nomad lifestyle if you’re neck deep in debt worth a hundred thousand dollars or so. Till you’ve completely paid off your debts, stick to your old job, and prepare systematically for digital nomad careers.
Save enough money to afford the flight ticket, initial cost of living in a new location as digital nomads – which includes the cost of food, lodging, internet, and transportation. Also, have enough for an emergency fund – if things go horribly wrong.
How much money do you really need? Well, save enough for a month’s stay in a new country, plus enough to get you home if you have had enough by the end of it.
Make a list of the resources that you may need
Carry a laptop in excellent condition, an iPhone or an Android phone, a 3G USB Modem, plugs that make it possible to use your cell phone data network as internet for your laptop (in an emergency), anti-theft software, an account in a cloud-based online backup such as Dropbox, a 1 TB external hard drive, a language learning software, a small notebook, pens, pencils and you are done! That’s all you need for a digital nomad career.
Research the country where you’ll be staying
One of the reasons being digital nomads works in low waged, third world countries and not in, say, Germany or the United Kingdon is because your money is worth a lot more in these countries, and you can get by with very little.
Some of the countries with highly affordable living where it is also possible to have a reasonable lifestyle with all modern amenities and where the rule of law holds true are Thailand, Cambodia, Argentina, Columbia, Laos, Vietnam, Malta, and Costa Rica.
As long as you can live a tolerably decent lifestyle and have an excellent WiFi connection, it doesn’t really matter where you live. But it helps to know the local culture first.
Think of great location independent business ideas
What are you really good at? What’s your most marketable skill? How can you add value to people’s lives, what product or service can you sell to people that makes them happily part with their hard earned money for that?
Based on these criteria, think of the best location independent business ideas that suit your purposes perfectly. There are so many things you could do – you could be a self-published Kindle writer, create a popular blog, work as a web developer, graphic designer, photographer, a small entrepreneur with an online store selling info-products, or as a website owner earning passive income by selling ad space – the list is endless.
Outsource everything that can be outsourced!
The thing about being a digital nomad is that you spend more time on travel and play than at work, and pack in a lot more in the few hours that you actually work. Digital nomads are small entrepreneurs, managers, rather than workers.
They outsource almost everything to a small army of virtual assistants in India or the Philippines, and restrict themselves to only the most important and critical work that requires their own specific input. What’s the fun in being a digital nomad if you end up doing all the work?
Well, that’s it – our step-by-step instructions on how to become a digital nomad. Do you think you’re up to the challenge of becoming one yourself? We would love to hear from you, so keep the comments and suggestions coming!