Want to Be a Digital Nomad?

by Alana Downer

Here Are 5 Ways to Finance Your Travels

Becoming a digital nomad is not just about travelling - it's about a whole new state of mind that you may never have experienced before. The work that you do could be done anywhere, and you probably will do it everywhere. But what kind of work can you find to keep yourself afloat while you wander from place to place? Here are five ideas that you might try.

Use your freelance skills

What can you do that could be offered freelance? There are a lot of digital skills which fall under this bracket. Graphic design, web design, copywriting, SEO, other types of coding - these are all skills which are in demand. You can freelance with a large number of clients around the world and make enough money to support yourself easily. If you get your pricing right and you can attract the right clients, you may be able to work part-time, giving you more time to be free.

Get a 9-5 job out of the office

Yes, it's possible to work in a permanent position without going into an office every day. There are plenty of companies that offer remote work. Most of them rely on a type of work which doesn't need to be done or discussed in person, such as covering a news desk, maintaining a large site, or even something like accounting. When you have remote work, your boss doesn't mind where your desk is - so long as you sit down at it during set hours of the day.

Make investments

Making the right investments could give you the chance to create a passive income stream, which is super useful when you want to spend as little time working as possible. Some forms of investment include putting savings into a high-interest bank account, buying and letting property, or being an angel investor for start-ups. You could also try learning to trade, and then making investments and selling whenever you need a cash injection.

Write a book

Selling ebooks on sites like Amazon is a great way to form an income which can grow month on month. As soon as your book starts to get attention, you could have guaranteed sales for the long term. Although it takes a lot of time and effort to write a book, once you have that income in place, you can easily add to your available titles while living off the proceeds. It's a great way to earn a living and also make an impact on the world. It doesn't have to be a novel: non-fiction guide books are in big demand too.

Be an online seller

If you are more crafty with your hands, consider making items that you can sell online. This might be tough if you want to travel with only a carry-on, but it's a great way to operate if you are staying in the same place for months at a time. While it might sound like more of a traditional task than one suited for a digital nomad, consider that making items is only part of the work. The rest is all about marketing your items and your brand, positioning yourself online, and driving visitors to your shop. When you want to move on without baggage, just put up a flash sale and watch your stock sell out.

It's possible to try all kinds of careers and uphold the digital nomad lifestyle. Don't allow yourself to be held back - if you want to get out there, you can travel as much as you like and still work over the internet.

About the author

Alana Downer is a part of the team behind Learn To Trade, experts in the field of trading and investing. She might often be found online, sharing her suggestions and tips for achieving financial stability.