Digital Nomad: Make and Save Money Traveling The World

Ever since the pandemic gave us some time off to reconsider our life choices, the idea of becoming a digital nomad has gained so much momentum.

We are talking about more than 35 million digital nomads currently roaming around the world in 2022.

What is a Digital Nomad?

Any person with a remote job that does not necessitate their physical presence. They can be a designer, a blogger, an entrepreneur or even an engineer, as long as the work can be done anywhere in the world.

What differentiates them from a freelancer is that digital nomads prefer to travel and make money on the run. They don’t want to be tied down to one place but fancy the change and freedom that accompanies the nomadic lifestyle.

How Do Digital Nomads Make Money?

Work From Home

If you’re a digital marketer or a software engineer, then you can probably get away with going completely remote, as long as you can get your work done!

With a full-time online job, you can guarantee a fixed monthly income.

Real Estate

The first thing a nomad takes advantage of is their property, as they don’t need the home address anymore. So instead of leaving an empty apartment behind, you can rent it out using Airbnb (or any other platform) and generate sufficient funds for your next adventure.

Own a Business

An entrepreneur can range from an Instagram influencer to a multinational company owner. There’s no one-size fits all process to becoming a digital nomad. If you can handle your work while hoping from one plane to another, then setting up your business is your ultimate way to go.

How Can Digital Nomads Save Money?

Β Travel to Budget-Friendly Countries

Before you imagine yourself working on your laptop and eating a croissant next to the Eiffel tower, you need to consider the cost of living before heading to a new country.

For the cost of one meal in Paris, you can cover a whole day of spending in North Cyprus. So, it is important to do your full research before targeting a destination.

If you’re curious about the average cost of coffee or the quality of night life, you can check out what other nomads had to say about the city on Nomadlist.

Co-living

Sharing apartments has evolved in a way to accommodate the new generation. It does not have to revolve around rent payments and who gets to keep the cooking pans.

Coliving created a more harmonious shared living concept with their fully furnished spaces and facilities provided internationally.

You can find decent yet affordable co-living experiences in countries such as Thailand. HOMA, which is based in Phuket, offers sustainable, pet-friendly and fully equipped studios and apartments. With a $70 membership, you can also have access to their fitness center, co-working meeting rooms and soundproof pods for video conferencing.

House Sitting for Free Accommodation

This is one of the most important pieces of an ideal nomadic lifestyle.

If your budget is not friendly at all, then why not eliminate accommodation expenses completely?

You might be lucky enough to have a friend somewhere in the world who’ll let you crash on their couch for a couple of weeks. But that is definitely not a viable long-term option.

Becoming a house sitter has become an emerging trend among the digital nomads. You take care of people’s homes, pets and plants in exchange for staying for free. Many popular house sitting websites can help you secure opportunities around the world. Β 

Use Affordable Transportation

A digital nomad is a wanderer; constantly on the move, discovering new sights and fascinating cultures.

Unfortunately, hopping around from one place to another is not free, which is why it is important to find economical means of transportation that won’t drain your bank account.

We all get excited when booking flights, but you might want to be less impulsive when it comes to your travel arrangements. Tracking ticket prices on different sites could make a huge difference to your budget.

After you reach your destination, forget about the taxis and Ubers. Unless you just arrived at the airport in the middle of the night, you can rent a bike or search for the most suitable public transportation whether it’s the bus, metro or a tuk-tuk.

Make your Own Coffee

Says the person who spends half their time at the coffee house and does not listen to their own advice.

But on a serious note, it’s not just about that cup of coffee. Making your own coffee, sandwich and meals at home can save you hundreds every month.

As a digital nomad, you may get carried away by living the life of a tourist. Of course, experiencing the culture and authentic food is part of your journey, but it can’t be a constant lifestyle.

Experience of a Middle Eastern Digital Nomad

Specialized in tech and illustration, Laith has travelled to Italy, Austria, Germany, and many more on the list. Saving money was not the main goal, but it naturally occurred.

How?

By building connections!

We’re not talking about becoming a social butterfly. But besides this nomad’s love for travel, the goal was to meet relatable people around the world.

You may be surprised with the hospitality of some destinations. You’ll get free tours, recommendations, and a genuine adventure.

Plus, you never know who you may end up running into on your next journey.

How to Become a Digital Nomad?

The pandemic has not only increased the number of nomads but created an emerging global migration trend: The Digital Nomad Visa.

From Cyprus to Barbados, TravelingLifestyle listed out 46 countries and their visa requirements for you to decide where to head next!

The best path to freedom of a digital nomad is unique to each person. There is no fixed rule, as each person has to take into account their own skillsets and interests.

As long as you have access to the internet, your options as a digital nomad are virtually limitless. To reach this work-life balance, you just need to be adaptable and ready to uproot at a moment’s notice!