When it comes to living a location free lifestyle and having a way to make money that supports such a lifestlye, then there are plenty of people doing just that these days – those who are known as digital nomads by running their own businesses and living all over the world whilst not actually living in any one place for a set period of time have grown in massive popularity over recent years, especially thanks to things like the internet now making it possible to work fully online and remotelty from anywhere and be able to travel the world at the same time. In fact, setting up a teleconference with clients and other digital nomads is possible with the right equipment.
The reasons why this lifestlye is so appealing is pretty obvious, and although the concept of it is pretty simple, it’s not as easy as simply packing up and taking a flight to the most exotic destination you can find – it takes a little bit more planning than that, so in this post we’re going to share with you some of the things you should at least consider before living and working location free and figuring out if it’s really the kind of lifestlye for you.
If you need a visa and work permit:
Even if you’re going to be staying in a place for a short time, if you’re going to be doing any kind of work there, then you will need to look into what visas and work permits you’ll need. This is actually a bit of a grey area since the concept of digital entrepreneurship and location free living still isn’t mainstream, so governments don’t actually offer visas to support such a lifestlye – it’s either you’re a tourist and don’t work there, or you register as someone working there for a while and apply for the relevant visa and work permit. However, most digital nomads get around this by traveling on tourist visas and making sure that the money they’re receving for their work is in their own currency and received to a bank account in their own country since this isn’t illegal. Of course, there are other ways to legally become a digital nomad without having to gain a working visa in every country, and you can find plenty of information online about this for each country through Facebook groups and dedicated blogs to digital nomads and entrepreneurship.
If you have enough emergency funds:
Although the plan is to be making money whilst traveling, running a business on the road is no different to running one from home or wherever you were based in your own country and you can still run out of money if projects suddenly dry up or something goes wrong and you’re left with things like unexpected costs. So, to make sure you’re covered with this, you need to make sure you have something like an emergency fund in place. This can be through savings or can even be a credit card that you only use in case of an emergency. You can have a look online to compare credit cards and savings accounts to see which one is best suited to your needs.
If your business can support your lifestyle:
It’s important when setting up your business that you’re able to determine if it can support your lifestlye – not just from a financial point of view, but from a logistical point of view. It’s great to do something you’re passionate about, and you should definitely not be doing something you don’t love, but if you’re trying to travel the world and run a physical product business, then that’s going to be a lot more difficult to maintain on the road than a digital one would be, so making sure your business and lifestlye are a good match for each other is good idea before anything else.
What to do with your property at home:
Just because you’re not living in any one country doesn’t mean that you don’t have stuff like property at home that you don’t need to get rid of before leaving. Of course, it all depends on whether you plan on coming back and if you’re going to be coming back to the same place, so you could decide to sell the place or you could rent it out if you prefer, but the idea is to make sure that you have your things taken care of before you leave since this will be a lot easier to manage before you leave than it will be when you’re on the road.
What to do with your stuff from home:
Just like the property you need to do something with before you leave, you also need to have a plan for the stuff that’s in the property such as your furniture, etc. Again, how you approach this will all depend on what you plan on doing and if you plan on coming back at some point. You could look at selling your stuff to just not have to deal with wondering what to do with it anymore, or you could even look at putting it in storage until you know what your plans are.
How long you’re planning to be on the road:
Although plans can change, it’s a good idea to know roughly if you plan on making this a permanent move for your lifestyle or if it’s just something you’d like to try out for a year or few months. There’s certainly no right or wrong answer here, but it’s definitely wise to know a little bit of how much time you’re planning to spend on the road since it will allow you plan things out better and do things like set budgets, etc.
If you’re choosing this lifestyle for the right reasons:
This is a really big one that nobody really thinks of that much, but is definitely something you should consider. Many people are attracted to the digital nomad life because they think it’s completely glamorous and that they’re going to be living the high life, and whilst there’s certainly very little downsides to living this kind of freedom-based lifestlye, that doesn’t mean it’s for everyone. A lot of people who take off on a digital nomad lifestlye soon realize that they actually prefer being at home and traveling every few months from their homebase, but they’ve chosen the digital nomad lifestyle because they thought that just because they’re an entrepreneur that this was the lifestlye they were supposed to want, so it’s really important to make sure that you’re choosing this lifestyle for all the right reasons and not just the ones you think you’re supposed to be choosing.
If you want to connect with other digital nomads:
There are now countless communities full of digital nomads around the world, but just because they’re there doesn’t mean that you’ll automatically want to connect with them or that you’re supposed to – it’s not a cult and you’re not obligated to connect with anyone. If you want to travel the world and be completely alone the entire time, then that’s up to you, but it’s then going to be a good idea to make sure you know what you’re looking for before heading off since it will make choosing things like the countries you’re going to be visiting and the kinds of places you’ll be staying in a whole lot easier when it comes to moving around and looking for the next place you plan on going to.
We hope that you found this post useful and that it has helped you decide on whether or not the digital nomad lifestyle is for you or not. This lifestyle isn’t for everyone, so it’s up to you to decide what works best for you.