Have you ever dreamed of traveling the world while making money at the same time?! Of course you have, we ALL have! Building a digital income source while viewing the Eiffel Tower, the Swiss Alps, or even the beautiful blue waters of the Caribbean Sea sounds like a show on the discovery channel, but it’s become a reality for many!
Think about the travel influencers you follow on social media or on television, or your college friends sitting on a beach with their laptops enjoying a tasty beverage while you’re in your cubicle at the office! They are all digital nomads! There has been a huge surge in digital nomadism since the COVID-19 pandemic first began. Many more companies are having employees work from home or remotely and therefore the options for backgrounds are endless! Digital Nomadism has grown 49% from 2019 to 2020 and has continued to grow throughout 2021!
If you’re considering getting out of the office and out of those business slacks, blouses, and pumps then there are some key facts you should know.
First, 83% of digital nomads are self-employed. The majority of self-employed nomads are the entrepreneurs or business owners (66%) while the remainder of the nomadic population are freelancers (34%). It is definitely not impossible to work and travel while keeping your daily 9-5 job but there is a clear connection between the options of locations and owning your own business.
Second, 49% of digital nomads earn the same income or more in comparison to their office job. This is true many times due to the nomads tending to enjoy a lower cost of living and a much “simpler” life. With all of the technological advances of Wifi, digital nomads can host or attend meetings with clients or fellow business owners in the United States and Europe while enjoying a much lower cost location like South America or South East Asia.
The third key fact you should know is 80% of digital nomads prefer to stay in one place for three to nine months. This is shown to be the best way to truly soak in the surroundings and the new culture and experiences while also establishing the daily, weekly, and monthly routines to boost their productivity and build their business empire.
The final key fact that you will need to know before entering this lifestyle, if you choose to do so, is that the number one reason digital nomads return back to their home base is loneliness. The distance from their family and friends can become very hard to deal with while traveling or living abroad. Finding community among an ever shifting sea of locations and building new friendships can be even harder! This is the reason why many nomads have established co-working spaces around the world, these serve as places for similar and like minded nomads to socialize and build quality relationships within their own community.
Of course, time will tell if digital nomadism is just a fad due to the COVID-19 pandemic or if this is truly a seismic shift but, if you’ve longed for a lifestyle where you can travel while earning a living, there has never been a more perfect time to make it happen, nor a better company to do it with! Consider joining The Donnelly Team to make your dreams of traveling the world a reality! If you already have a job that lets you travel, but need to stretch your budget in order to get where you want to go, visit our services page to learn how we can help you improve your financial health!