Curious about working while traveling the world? This is what it’s like to be a digital nomad, a digital nomad.
Many people think that traveling is expensive and difficult. Nothing could be further from the truth. In this article, we won’t discuss who to become a digital nomad and how to find work online. To see how to become a nomad around the world by teaching English, click here. Instead, the discussion will be how cheap and easy it is.
Traveling can be surprisingly cheap – much cheaper than living a normal life in an expensive, developed country like the United States. In the United States and other countries like Australia, the cost of living is very high, so you have to earn a living wage just to get by. In most countries of the world, the cost of living can be much lower.
Cost of life
If we look at the cost of living index, we see that the most expensive places in the world to live are in Switzerland with a cost of living index of around 130. Dear New York is the benchmark with an index of 100.00 and is the most expensive city in the United States. As we move down the list we see cities like Madrid at 62, Athens at 58, and Istanbul at 38.
Cost of living in some cities:
- Geneva: 125
- New York City: 100.00
- London: 87
- Madrid: 62
- Manila: 43
- Istanbul: 38
This means that one does not need the same income to maintain the same standard of living in the world. But even then, the cost of living is often overestimated on indices like the cost of living index. An example of this is Singapore with a cost of living index of 82. But in Singapore, you don’t need the expense of owning and driving a car. Public transport is perfectly sufficient.
- Auto: In much of the world you don’t need a car
- Overestimated: Often the cost of living is overestimated with real conditions
- Cost of life: By country See here
This means that if one has only a modest income as a digital nomad, one can have the confidence of being able to maintain a good standard of living abroad. If one plans to live in developing countries, the cost of living can be very low. In many cities around the world, a cab ride should cost no more than $ 5 (and often $ 2).
International banking and leasing
International banking is pretty much universal in modern times. You can continue to be paid into your home bank and use it abroad (just check your transactions abroad and the conversion fees).
- To note: MasterCard and Visa can be used in virtually any country (American Express and others are limited)
- Exceptions: MasterCard and Visa cannot be used in sanctioned places like Iran, and are difficult in China which has its own system
When traveling and looking to settle in a new country, it’s simple. You just have to find a place to rent (many countries have their own rental platforms – look on the forums or ask once in that country). To get started, just rent an Airbnb for a while.
The world is your shell
When you live as a digital nomad, the world is your oyster. One can easily rent an apartment on the tropical beach in the Philippines, live in the center of a historic city in Europe, or live in the large, densely populated cities of Asia.
Most rental apartments around the world are fully furnished by default. This means that one does not have the constant hassle and expense of installing each time. You can be as mobile as with your laptop and one or two suitcases. You can pack up and get around in an instant.
- Mobility: We can be incredibly mobile
For starters, you don’t have to worry too much about living there. We can always move. In Europe, you can easily book a flight anywhere in Europe for $ 50.00 (there are even flights from Portugal to Scotland for $ 8.00!). And you can fly almost anywhere in the world for $ 1,000.00 – and most places for just $ 500.00. Discover the best low cost airlines in the world here.
From almost anywhere in the world, if you want to be anywhere else in the world (including home) in a day or two. You can be there in about 72 hours and $ 1,000.00. In today’s world, traveling is easy, no obligation and, to a large extent, risk free.
- Without engagement : We can always go home in an instant
One of the biggest challenges for digital nomads is finding a social group. For any outgoing person, it is very easy. There are many other expats living all over the world, and they too are looking for friends and interactions. Expat communities are generally very inclusive and tolerant – everyone is in the same boat. Moreover, in many places of the world one is considered exotic and interesting – the inhabitants of these countries are also eager to meet you.
Next: 25 Painless Ways To Budget For Full Time Travel
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