Digital nomads, or simply travelers that work remotely, are now a common sight in places like Southeast Asia or Latin America. They tend to live frugally with unstable income sources, making every month a challenge. While it sounds stressful on the surface, it is actually a very fulfilling lifestyle.
We all likely have our own preferences for which season we enjoy. The benefit of not being tied down by a traditional job is that you don’t need to stay during the horrid part of the year (usually winter).
If you love Spring, Medellin, Colombia has a climate that emulates it year round. It doesn’t get too hot yet you will never see a spot of ice on the road.
While we are a product of our own environment, there is likely another culture on the other side of the globe that you wish to be a part of. Whether it is the friendliness of a Latino or efficiency of a German, every culture has its perks.
The traditional route of moving and integrating to a new society involves migration papers, acquiring a steady job and being hooked down with an apartment contract. As a digital nomad, you may dodge this by living as a perpetual tourist between multiple countries that you enjoy.
According to Forbes, there has been extensive scientific research showing that traveling improves cognitive ability and creativity. This is likely due to having new daily challenges, being exposed to new cultures and ideas, plus the fact that making money may be a challenge overseas. If you are up for the challenge, being a digital nomad is all about self-improvement.
There are two types of digital nomads. Those that are stuck in vacation mode without a plan, usually spending a typical tourist’s budget. The other kind is the self-efficient and frugal nomads thinking a few steps ahead.
The latter of the nomads stick to the lifestyle much longer and end up with a fat bank account after some time. Even though travel costs are expensive, living in developing countries will save you thousands of dollars a year. This is due to the very low rent, cheap food, and cheaper medical costs (if you are American).
The digital nomad lifestyle obviously isn’t for everyone. If you don’t have a skill set or turnkey investments that allow you to live location-independent, you may be better off developing a career in your home country. For those with creativity and gumption, being a digital nomad can change your life for the better.