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Do most digital nomads have businesses themselves or work for a company?


by @geoff_gates_pt | 5yr  | 12 comments

Hi everyone, I work as a personal trainer and have started recently to build up an income online so I can travel again on a more permanent basis. would some input on this

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@travelingpm | 5yr

Hey Geoff, I work for a corporate (Amazon) out of Cape Town. Iโ€™m not โ€œon the roadโ€ per se, but Amazonโ€™s been flexible in my desire to keep movingโ€ฆtraveling to 21 countries (living in 3) over the last 9 years.

I agree with the others here that your required income is intrinsically tied to your location, pace of travel, and ideal lifestyle. I also recommend setting a savings per month goal, as opposed to location-based income, if youโ€™re looking to relocate often. That way, you can adjust your next destination based on how youโ€™re trending to goal and avoid returning to homebase broke and unable to recharge. These return trips become the real vacation after being on the road for months/years at a time.

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Despite Iโ€™m not a nomad myself, I have a friend whoโ€™s lived in SE Asia for 1/2 year in 2013โ€“2014. Heโ€™s head of the family and, at that moment, had a 1 year old toddler. What he told me is that, to feel completely comfortable, itโ€™s enough to have about $4,000/month for the whole family, which includes life insurance, days off if necessary, travel expenses, 3G, a new device if previous was suddenly broken, and so on. Itโ€™s even enough to increase savings (he uses eToro to save and, by chance, multiply) for several hundred dollars each month.

I believe the actual sum is a bit lower, since many things are quite cheap in Asia, but you should consider dependents that require additional expenses and cause spontaneous disconnections from work due to illness (the younger, the more often).

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@wanderingdev | 5yr

$5k will do you almost anywhere, again, depending upon your lifestyle. taxes depend on what nationality you are so hard to comment without knowing that.

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@geoff_gates_pt | 5yr

have to get the head down and get busy then!!thank you for your advice

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@wanderingdev | 5yr

you can get by on a LOT less than $5k so donโ€™t let that income target hold you back from hitting the road.

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@geoff_gates_pt | 5yr

Iโ€™m aiming for income of 5k per month, should sit comfortable anywhere with that i think?what about taxes ?

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@wanderingdev | 5yr

The income you need is totally dependent upon your lifestyle and where in the world you are. I lived comfortably in Mexico for less than $600 USD/month. I work for a company and also freelance.

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@geoff_gates_pt | 5yr

0k cool sorry, what sort of income do you need to stay on the road ? are most people in business themselves or work for a company?

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@skatkov | 5yr

Iโ€™m bootstrapping a business now, but at currently it takes more money then earns me money. In general, my experience shows that it takes a year to make a business to pay for itself and two years to get you any money back. (but as always, there are exceptions in rules)

So, i have other part time gigs Iโ€™m doing to sustain myself financially. Iโ€™m consulting on a Increasing Quality and Managing Freelancers in software project, but most of time i like to work as a freelance developer (i get a kick out of doing it).

There are other ways I make money too. But those are more experimental things -> like selling on Ebay or doing sounds/video editing for movies.

So, my general advice would be -> donโ€™t put all your eggs into one basket. Even if you have a stable client for multiple years, there is always a chance he will go away, go bankrupt or something. Also look into other possibilities in your life, this way you can secure yourself financially while traveling.

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@shayna | 5yr

In business for myself, and supporting two people (me and my husband). In Brazil we lived on about $1500/mo, here in London we need about $3000/mo. (Weโ€™re frugal, though - itโ€™s easy to spend a LOT more in London).

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Could you try changing the thread to a specific question as per the forum rules? Thank you.

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@wanderingdev | 5yr

What kind of input? Specific questions will help you get a more useful response. :slight_smile:

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Read and participate in 13,918 discussions on Nomad List

Suggested topics

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What are the best blogs by individuals who have started businesses in Southeast Asia?


in Thailand by @haiducii | 11d 11 days ago | 0 comments

Hey everyone,

Looking for blogs by individuals who document their progress/business in South East Asia - ideally Vietnam, Cambodia or Laos - but also Thailand/Myanmar too.

Thank you,

Haiducci

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Any nomads working on startups?

 

by @mattlock | 3mo 2 months ago | 33 comments

Hoping to see all the cool stuff people are working on while they live an extraordinary life.

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Any Ph.D students dissertating while a digital nomad?


by @larsheather | 3mo 3 months ago | 5 comments

Anyone know of any groups or resources for Ph.D. students working on dissertation while living as a digital nomad? I know there are several virtual writing groups around, but wondered if there were any specifically for digital nomads, particularly those who are dissertating.

Thanks!

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Does international health insurance for digital nomads exist?

 

by @al_steffen | 3mo 3 months ago | 59 comments

Hey Nomads!

Iโ€™m looking for an international health insurance (no travel insurance) for my nomadic life. It should cover the basic services and at least be accepted in the EU (itโ€™s ok if itโ€™s not accepted in the US as Iโ€™m aware they rarely are). Nice to have: enter into a contract online. Anyone got a good experience or a recommendation?

Thanks in advance!

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Does international health insurance for digital nomads exist?

 

by @al_steffen | 3mo 3 months ago | 59 comments

Hey Nomads!

Iโ€™m looking for an international health insurance (no travel insurance) for my nomadic life. It should cover the basic services and at least be accepted in the EU (itโ€™s ok if itโ€™s not accepted in the US as Iโ€™m aware they rarely are). Nice to have: enter into a contract online. Anyone got a good experience or a recommendation?

Thanks in advance!

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I dream of being a digital nomad? How do I do it?


by @programmingmark | 5mo 4 months ago | 2 comments

Hello digital nomad!

I dream of being an independent digital nomad. But it feels very elusive & unattainable with my success rate. In full disclosure, whilst I have dreamed about making money online since high school; I have not earned a single cent making money online. $0, nada, zilch!! On the contrary, I have spent a lot of time & money on books, podcasts. Even though I have spent a lot of time reading/listening to others, I do not have anything to show for it!

I have made attempts in the past to start an online business, but these fizzle out quite quickly when I do not see traction especially when the goal I have set myself is too high.

Instead of reaching for the ultimate nomadic lifestyle goal, I want to start much smaller. Really small! I am simply looking to make $50 profit per month from a new online business. Thatโ€™s it.

I need some advice from you please!

  • Is $50 profit too low? How long did it take you to earn $50 profit per month?

  • What is a good way of achieving this goal?

Thanks
Mark
aka the $0 online business entrepreneur

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How do digital nomads pay tax?


by @rodriigovieira | 5mo 5 months ago | 19 comments

Hello everyone! Iโ€™m new here and probably this is a very newbie question, but it doesnโ€™t leave my head.

How do you, nomads, pay your taxes? I mean, if youโ€™re constantly traveling, how are you going to pay taxes for a certain country if you are going to stay there a short period of time?
Or do you return to your โ€œoriginal countryโ€ and then pay them?

By the way, this forum has very nice cool formatting features! :smile:

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How do digital nomads pay tax?


by @rodriigovieira | 5mo 5 months ago | 19 comments

Hello everyone! Iโ€™m new here and probably this is a very newbie question, but it doesnโ€™t leave my head.

How do you, nomads, pay your taxes? I mean, if youโ€™re constantly traveling, how are you going to pay taxes for a certain country if you are going to stay there a short period of time?
Or do you return to your โ€œoriginal countryโ€ and then pay them?

By the way, this forum has very nice cool formatting features! :smile:

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Anyone know an accountant for Canadian nomads/expats?


by @noam_lightstone | 6mo 6 months ago | 16 comments

Hey guys, this was my first year as a Canadian nomad.

As far as I know of, Canadians donโ€™t pay taxes if they do not live in the country for 6 months.

But Iโ€™d like to talk to an accountant or someone who does Canadian taxes specifically for expats and nomads to get clear on the rules and for help on my return coming up.

Does anyone know someone who specializes in Canada who can help? Iโ€™ve seen plenty of US recommendations but none for us canucks.

Thanks guys!

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Best place for Digital Nomad in Latin America?


by @rose_davis | 7mo 7 months ago | 7 comments

Hi!

I am planning to move to Latin America for 3-4 months (Oct-January). Iโ€™ve narrowed down 6 different places that I want to visit before committing to settling down, but Iโ€™d love to get some community input.

Here are the cities Iโ€™m considering:

  • Quito, Ecuador
  • Cuenca, Ecuador
  • Medellin, Columbia
  • Cartagena, Columbia
  • Antigua, Guatemala
  • San Marcos La Laguna, Guatemala

The most important things Iโ€™m looking for:

  • Fast/easily accessible internet
  • Easy to meet other nomads/make friends in general
  • Safe for women
  • Some sort of spiritual community (Iโ€™m also a yoga teacher)
  • Easily walkable city

Anyone have any experience with these places and can give some insight? Iโ€™m also completely open to other recommendations.

Thanks!
Rose

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Where are the nomads in Mexico City?


in Mexico City, Mexico by @shellyfish | 8mo 7 months ago | 9 comments

I just landed as a n00b digital nomad in Mexico City, and I am wonderingโ€ฆ Where are all the international digital nomads hiding around here? I have been to several coworking spaces (Selina etc.) only to find A LOT of local Mexican workers and businesses. Donโ€™t get me wrong, that is all fine, but I was hoping to meet some international nomads! Any advice?

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How do we solve housing for digital nomads?

 

by @levelsio | 8mo 7 months ago | 61 comments

Thereโ€™s been a lot of discussion on this recently.

Nomads usually stay in hostels, hotels and short-term apartments. But itโ€™s all not very optimal.

Iโ€™ve heard people suggest getting funding and building a network of houses you can stay at for a subscription price (e.g. Bruno Haid is working on that).

I donโ€™t want do physical stuff, so Iโ€™m thinking of building a platform around making housing better for nomads.

What are the housing problems nomads face? And how can we solve them with products/services?

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How do we solve housing for digital nomads?

 

by @levelsio | 8mo 7 months ago | 61 comments

Thereโ€™s been a lot of discussion on this recently.

Nomads usually stay in hostels, hotels and short-term apartments. But itโ€™s all not very optimal.

Iโ€™ve heard people suggest getting funding and building a network of houses you can stay at for a subscription price (e.g. Bruno Haid is working on that).

I donโ€™t want do physical stuff, so Iโ€™m thinking of building a platform around making housing better for nomads.

What are the housing problems nomads face? And how can we solve them with products/services?

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App/tool/service for nomads to bring things from another country?


by @brmolin | 9mo 8 months ago | 4 comments

I vaguely remember hearing about such a service before, but Iโ€™m drawing a blank on the name. Basically I left my tablet on a connecting flight in Europe, right before my main flight to Thailand. They have my tablet and are willing to ship it out for me, but people have warned me thereโ€™s a big risk of it getting โ€œlost in the mailโ€ if I ship something expensive like that to Thailand.

Iโ€™m wondering if thereโ€™s a service or community, where I can find a nomad whoโ€™s in Europe/heading to Thailand soon, so I can have it shipped to them in Europe and pay them to ferry it down here for me? I met someone in Budapest a ways back who had built something for this type of use-case, but I canโ€™t remember the name of it. Any help would be appreciated!

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Are there any nomads from India?

 

in India by @ankitdas123 | 9mo 9 months ago | 56 comments

I have seen a lot of posts from different people across the world, but not even a single post from someone in India, who has been a nomad, either living within the country or traveling to another one.

Would definitely love to hear stories from such people. We are a couple traveling as social nomads who are trying to bridge the gap between the rural and urban societies in India. We have started out very humble and do not have much resources, so looking out for help from the community.

Ankit & Rishika
Around Love and Life

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How is Sicily for digital nomads?


by @gaelm | 9mo 9 months ago | 15 comments

Hi all, I was looking for a cool spot in Southern Europe for winter and Iโ€™m considering Sicilyโ€ฆ Have you ever been there? If yes, how was your experience? If not, why?
thanks!

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How is Sicily for digital nomads?


by @gaelm | 9mo 9 months ago | 15 comments

Hi all, I was looking for a cool spot in Southern Europe for winter and Iโ€™m considering Sicilyโ€ฆ Have you ever been there? If yes, how was your experience? If not, why?
thanks!

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How is Bari, Italy for digital nomads?


in Bari, Italy by @mitch_dina | 9mo 9 months ago | 7 comments

Greetings!
Does anyone have experience in Bari, Italy please? We are thinking of going from Dubrovnik, Croatia to Bari by boat in mid-March. Has anyone taken a boat across? Is it nice or can it be choppy? (We are trying to avoid planes, to reduce our carbon footprint, so adding more surface travel.) Also, any info you might be able to offer about Bari and the surrounds? Next step will likely be trains up Italy as the Spring progresses.

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How is Bari, Italy for digital nomads?


in Bari, Italy by @mitch_dina | 9mo 9 months ago | 7 comments

Greetings!
Does anyone have experience in Bari, Italy please? We are thinking of going from Dubrovnik, Croatia to Bari by boat in mid-March. Has anyone taken a boat across? Is it nice or can it be choppy? (We are trying to avoid planes, to reduce our carbon footprint, so adding more surface travel.) Also, any info you might be able to offer about Bari and the surrounds? Next step will likely be trains up Italy as the Spring progresses.

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How is Mauritius for digital nomads?


in Mauritius by @wakkos | 10mo 10 months ago | 14 comments

Hello all,

Iโ€™m planning on spending a couple of month in Mauritius Island and even when Iโ€™ve been there for a week, never rented or worked there.

Does anyone here has tips or experience to share about Mauritius?

Cheers!

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