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Digital Nomadism: A Perfect Mix of Remote Work and Travel

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Learn why digital nomadism is becoming the norm and how you can jump on this trend which combines travel freedom with remote work.

Despite the negative effects of the pandemic, there were still many positive outcomes. The good news is that we have changed how we work since the pandemic. Companies had to abandon their traditional ways of thinking and allow employees to work remotely.

My experience in corporate work spans over ten years. I have seen many companies and encountered managers who micromanage their employees. Many of them believed that remote work was not something they wanted and didn’t enjoy. I have declined many job offers after having interviewed for several companies. If a company isn’t open to change and has a culture that favors micromanagement, they are less likely to attract the best talent.

THE FUTURE OF REMOTE WORK AND THE DIGITAL NOMAD LIFESTYLE

It was hard to find a company that would allow remote work from anywhere in the world, let alone from their home.

Owning an online business was the only way to achieve that goal. You can also make enough money to live abroad. We saw a significant increase in millennials and gen z leveraging social media to start side hustles that would one day allow them to make that their main source income. They didn’t want work for stagnant companies.

Many people who lived the digital nomad lifestyle before 2020 were either forward-thinking or daring and took risks. Others wished they could have that life.

People were instructed to go to school, earn good grades, work for another 50 years, have children, take two weeks off each year, and then retire with a basic income at 65. You commuted long distances to work, worked long hours, ate dinner, and then went to bed.

The world of work has changed dramatically in the past few days. Companies had to decide how to set up remote workers and how to manage them. It is now estimated that 70% of the global workforce will work remotely by 2025.

My belief is that digital nomadism will become the norm in the next five to ten years.

WHY AND HOW WILL THE DIGITAL NOMAD LIFESTYLE BECOME THE NORM IN THE NEXT FIVE YEARS

It’s a win-win situation for everyone

First, companies will see how much overhead they can save by using a remote workforce. Because they are now independent they will be happier with employee satisfaction and engagement. This is because they can spend more time with their families than driving to work.

REGULATIONS CATCHING UP QUICKLY

We’ve also seen how countries have implemented one-year digital nomad visas to allow people to work remotely in less than twelve months. This was first implemented by Barbados, then Estonia and Georgia. There are now over a dozen countries offering long-term digital nomad visas of one year for those who are self-employed or work for a company in another country.

Prices and living costs vary by country. Keep an eye out for more countries that will follow suit.

This visa type was created because short-term travel has become so difficult and sometimes unprofitable. The global tourism industry was so affected that countries began to think ahead and realize that people can spend money in the country for as long as a year. These visas permit people to bring their family.

It’s now possible to travel to tropical destinations even if your spouse has kids.

Ex-pats and many people have traveled the world to see their home countries. Visas make it easier than ever.

A CURRENT TECHNOLOGY MAKES IT IMPOSSIBLE

The third is better . This will allow individuals to choose a remote job, work from anywhere and live a digital nomad life. If small countries or islands want to allow digital nomads to live there, they will need to improve their connectivity. Otherwise, it will decrease the number of people who go there to work.

Global 5G rollout will make the digital nomad lifestyle possible in five years.

WHAT YOU SHOULD CONSIDER IF YOU WANT TO LIVE AND WORK ABROAD AS A DIGITAL NOMAD

Remote workers and digital nomads need to be aware and prepared for many other factors.

SAFETY FIRST

Studies that enable them to travel as well as develop the necessary skills are important, but cybersecurity is a major concern in the new digital world. Although this would be too much to cover, I recommend that you look into using a VPN (virtual private network). There are many excellent ones.

NEW COUNTRY, NEW RULES

They will also need to do research in each country to determine the following:

  • They must have a visa to enter the country where they are applying.
  • What are the travel requirements in that country?
  • Internet speed cost in that country. For 25 to 50 mbs internet, you might be charged $250 on some Caribbean islands.
  • What is the safety of this country for one person, a couple or a family?
  • What does healthcare look like?
  • It is crucial to research the schools and education system if you have children.
  • Do you require daycare services?
  • Are you looking to hire a maid or nanny service? It might be cheaper in another country.
  • How much does it cost to live?
  • Which language does the person speak? Are you able to speak the language?
  • Which currency does the group use?
  • What is the time difference? Are you okay with it?

WORKING WITH STuff

Also, think about what you will do with your belongings and home. You have two options: sell your house and store the items, or keep them and pay their bills. This would result in double the expense. It all depends upon your circumstances, preferences, and personal preference.

These are important considerations to make before you move.

FIRST STEPS

If you know anyone in the country, I recommend looking into visa options. This will make the move much easier. It also helps if you have someone who can help you in the country where you are moving.

You can also join ex-pat groups on Facebook and ask them any questions.

PROS and CONS of Working Remotely

Working remotely is a great way to live and work. You can trade your couch for a villa or condo on a tropical island where you can have fun with your family and spouse after work.

Although it may seem scary to consider moving away from your family and packing your bags to move to another country, my advice is to always think about how terrifying it is to not live your dreams. This is especially true when the process has become more simple and accessible. You can plan well and do the right thing (luckily there are many tools that you can use from any location). There will be less fear and more certainty. Focus on faith and not fear.

It’s too short to be boring! The pandemic has made us all face our mortality and tomorrow isn’t promised. While you may not be able to control the world, you do have control over your life, the opportunities that you seize and the decisions you make.

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