Digital Nomad: is it my retirement plan?

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Published by author Tracy Cyril on July 04th, 2020

For years now I have been in search of ways to earn a lucrative living by sitting on the beach on a private island, exploring an exotic location filled with adventure and diverse culture or closing deals while sipping on umbrella cocktails. I have found my calling beautiful people, my happy medium! Doing something I love while earning a living. Digital Nomad is what it is called in this modern age.

The term ‘digital nomad’ means people who use telecommunication technologies to earn a living. Traveling while you earn money through online businesses.

Beautiful people yes this is my retirement plan! Bricks have been laid and foundation has been set. My digital Nomad journey begins and I will take you along with me. Stay tuned for detailed updates coming soon but in the meanwhile I would like to share some key points for those who believe their paths maybe heading this way.

Photo credit: Amazon/Pinterest

Ways to earn an income as a digital Nomad

  • Publish ebook
  • Start a blog
  • Teach English
  • Create online course
  • Provide professional services

Things to deal with before becoming a digital nomad

  • Debt and Expenses – you must settle all debts and expenses before you begin this journey. Debt and expenses are ties to your home country. You need to release all pending responsibility.
  • Income: You have to secure sufficient funds for this journey, it is unpredictable and you need a financial cushion at the beginning until you secure solid networks.

Photo credit: Story V Travel & Lifestyle/Pinterest

Pros for Digital Nomad Lifestyle

  • Flexible office space
  • Relax and comfortable attire
  • Less stressful working environment
  • Your own schedule
  • Flexible work load

Cons for Digital Nomad Lifestyle

  • Banking and compliance of visiting country
  • Safety of valuables
  • Costly medical insurance
  • Wifi accessibility
  • Financial stability

This lifestyle is not for the strategic planners, routine gurus or traditional souls. It is for the free thinkers, wander dust spirits, risk takers, adventure seekers, visionaries and open minded souls. Those who value adventure over certainty, security and structure.

Only you can determine whether that is your path and hopefully those who were on the fence or unsure whether it will work for them, this informative article can give you some insight. Thank you always readers for your support! Looking forward to your feedback. Love & Light.

References

Www.digitalnomadsoul.com

Www.entrepreneur.com/article/307252

1 Comment

  1. Joy says:

    I love this idea , I myself for many years have Tried to find just the right one as I see this as a good base to make a bit more cash even as I continue in my day today . I’m still keeping my eyes very open and have added this back on my list of things to accomplish !

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