Travel enthusiasts have encountered a common dilemma in the past. Do they commit to the few weeks of paid vacation they have with their typical 9-5 job to fit in all their traveling for the year, or do they somehow make enough money to quit their job and travel the world? Luckily, many travelers don’t have to choose any more thanks to the recent increase of location independent jobs.
Described as “digital nomads,” many passionate travelers are now able to travel where they please, all while working from their computer. This means the same job can performed from a hammock on the sunny beaches of the Philippines one week, and from a Bavarian village surrounded by snow-capped mountains the next. Workers are no longer chained to their desks or forced to work only within certain hours.
Difference in Living Expenses
Before making the move, consider how much you’re willing to spend each month on living expenses. These can vary drastically depending on the location. In the graphic below, it shows how almost $6000 is saved over a course of three months should someone choose to live in Bali over London. However, it’s also important to consider such factors as more remote areas might have a weaker Internet signal, or you might have to go to a cafe to do all your work.
While the freedom to travel and work on your own might be enticing, maybe you know yourself well enough to know you need a little more structure. That’s where co-working spaces come in, which are popping up all over the world. As seen on the graphic below, you can still choose a location of your choice, but will be in an office with other remote workers to encourage you to stay on task. It’s also a great way to gain some colleagues to hang out with after you’re done with your work for the day.
Is it for you?
There’s many obvious benefits to being a digital nomad. You have the freedom to travel where you want while still making money. You can choose where you want your office to be and make your own dress code. There tends to be an increase in happiness due to having such freedom.
With the freedom of working remotely comes the downsides as well. Contracts with online companies may end and not be renewed, leaving the worker scrambling for work. You must be organized and detail-oriented to make sure you’re leaving room in your schedule to get the work done that’s needed. It can be tempting to stay out late with the locals or spend all day at the beach, but it will leave you scrambling to meet deadlines.
Working remotely while traveling can be very rewarding, but it’s not for everyone. Consider your job skills, location, and budget before making the leap to join the increasing number of digital nomads.
Images provided with permission by https://www.bargainfox.co.uk.