Becoming a digital nomad has its perks, sure. Remote work, tropical places, travel the world and get paid while you’re on the go. Earn a higher value currency online from a country like the US, and live in another country where that currency goes further. Save more money every month for retirement, live almost anywhere in the world, and live well; that’s the digital nomad lifestyle.
But becoming a digital nomad isn’t just for young “woke” folks. Learning to work remotely and become location independent could soon be your only option to maintain your livelihood.
Ass-in-chair jobs are disappearing along with the office rentals that surround them. Blue collar and white collar jobs are threatened, and governments can’t keep on bailing everyone out.
Right now small and medium-sized businesses are competing with larger competitors that are doubling down on automation and artificial intelligence, while choking down a new increased minimum wage mandate.
As a result, businesses are downsizing or ditching their offices altogether, and hiring remote workers as opposed to on-site employees in an effort to reduce overhead and remain profitable.
Becoming a digital nomad might just extend your career another 5 to 10 years. And it might be best to get ahead of that curve before the guillotine drops.
Digital Nomads at a Glance in 2019
In this article we’ll look at a bunch of logistics for absolute beginners to the nomadic lifestyle and provide enough information to help anyone figure out how to become a digital nomad.
And don’t just take it from me –there’s a lot of other reasons why people are adopting a nomadic lifestyle. According to a survey of 500 digital nomads that was conducted by FlexJobs in late 2018:
- Main reasons why people want to learn how to become digital nomads include work-life balance (73%), enjoy the freedom (68%), love to travel (55%), avoid office politics and distractions of a traditional work environment (43%), want to explore other cultures (37%), high cost of living in home country (30%), poor local job market in hometown (24%)
- Top benefits of being a digital nomad are the flexible schedule (85%); no commuting (65%); freedom to live and work where I choose (65%), work-life balance (63%); no office politics (52%); no dressing up for work (51%)
- Top challenges for digital nomads are finding reliable Wi-Fi (52%); finding a good place to work (42%), networking (35%), time zones (29%), work communications (20%)
- 92% of digital nomads say the lifestyle is important to them
- 88% report that being a digital nomad has had a huge improvement or positive impact on their lives
- 18% of working nomads report making six figures or more and 22% make between $50,000 and $99,999. According to the Social Security Administration, the average U.S. worker today earns roughly $46,641 a year
- 31% of working nomads make similar amounts of money, and 18% make more money as a digital nomad than when they worked traditionally
- 38% say they feel less stressed financially being a digital nomad and 34% say there is no difference in financial stress than when they worked a traditional job
You can find the original survey data by FlexJobs here.
Nomadic Lifestyle, Explained
This guide to location independence will cover everything you need to know to become a digital nomad and take part in what could be our generation’s fastest-growing lifestyle choice behind the tiny house movement, van life, and living in our parent’s basements.
We already have tons of in-depth articles covering most of the concerns listed in the above survey results, so anything not covered in this article can be ironed out by reading our related content.