1. Become a remote employee
Becoming a remote employee is the safest way to start living the digital nomad life without worrying about your finances. As long as your employer permits, you can travel to and live anywhere in the world where you can reliably carry out work duties online. To be a remote employee, you first need to become proficient in certain digital skills. Digital marketing, content writing, web development, graphic design and customer support are among the most desired digital skills by remote employers. Even some of the traditionally human-facing roles such as UX design are rapidly becoming remote-friendly.
2. Become self-employed remotely
If you don’t want to stick to a rigorous work schedule as a remote employee, consider going self-employed. Most digital nomads I know are self-employed which means their livelihood consists of contracting with paid work part time, and working on their own business on the side. Being self-employed while location-independent seems to fit the bill perfectly: you could be working a four-hour/day customer support job on the beaches of Bali, while spending the rest of your day bootstrapping your travel blog/SaaS tool/mobile app to profit.
What is work life balance if you can’t find the time to pursue your passions after all? Freedom is the new luxury. According to Statista, in 2020 freelancers made up 35% of the US workforce, with that number set to reach over 50% in 2027. At the same time, more and more niche freelancer job sites are popping up everyday, as are support tools.
3. Run your own remote company
For the most audacious, today’s remote workforce presents the golden opportunity to run your own remote team. With careful planning and out-of-the-box management, you can run your own company from anywhere in the world without relying on investors or bank loans. In fact, while other digital nomads are trying to take advantage of currency exchange rates to lower their cost of living, the more money-savvy entrepreneur can think of lowering operating costs by hiring where you can afford the best of local talents.
For example, you can hire top notch app developers in Ukraine, well-trained customer support staff in Romania, incredibly talented designers in Brazil and hard working system admins in Malaysia. Your global team can cost you much less than hiring locally and yield the same return.