People have a natural instinct for wandering. The restless character of humankind has always been the driving force that makes people search for new territories and experiences. If we didn’t have this urge, we wouldn’t improve our world. In this day and age, it’s easy to frequently change locations. The online business market offers various jobs for all sorts of professionals. These people can become the nomads of the digital age and make a living on the go. However, there are some major considerations they should keep in mind.
Know your finances
When you have a steady job in a powerful company, you don’t have to rack your brain over financial and legal matters. Contrary to that, a digital nomad is a freelancer who needs to take great care of their finances. On the one hand, it’s crucial for your personal budgeting. On the other, you’ll soon get scrutinized by the local tax authorities. As for the first matter, the smartest thing you can do is start using one of the alternative payment solutions. That way, you’ll ensure that you get paid in any part of the world, as well as track your income and expenses.
Mind the taxes
When it comes to taxes and tax authorities, you can either pay them in your home country or in the country you’re living in at the moment. Moreover, many digital nomads register their small business as an offshore venture. They use unclear international tax regulations and avoid paying taxes anywhere. Nonetheless, this is pure hazard, since you can put your digital experience at risk, due to tax evasion. Since this subject is blurry and differs from country to country, everybody should talk to their home tax officials and learn more about their options. Here you can read more about the rules of the IRS.
Although there are many painters, tattoo artists and writers who live as nomads, the largest number people moving from one place to another are digital nomads. The only two things that software developers, web designers, freelance writers and others need are a computer and a reliable Internet connection. Having a computer doesn’t refer to an old-school PC, but most of nomads use laptops or even tablets for their work nowadays.
What’s more, some top-notch smartphones can replace bulky computers in many different ways. In a recent conversation with the distinguished Orange provider, we’ve learnt that numerous digital nomads do most of their communication via mobiles. This makes them available at every single moment, which is extremely important for remote work.
Affordable accommodation, flights and food
Working online isn’t always a bed of roses. The ebb and flow of these jobs can cause dire straits in terms of business perspectives. Therefore, it’s vital to save money when you have a lot of projects and a steady income. The easiest way for a freelancing nomad to make ends meet is to stay at affordable accommodation units, book inexpensive flights in advance and eat in budget restaurants. The aforementioned omnipotent smartphone will be your major ally in that quest. For instance, when you’re sitting in an airport lounge, you can search for a hotel discount on Booking or learn more about different restaurants on TripAdvisor. So, check out some great travel apps recommended by The Guardian and add them to your app list.
Digital nomadism isn’t for everyone. Some people find such dynamics exhausting. Nevertheless, if you want to meet the world and see its diversity, working while traveling is the most efficient way to achieve that goal. However, first learn about the most important legal and financial matters of that status. Then pay attention to practical features that will alleviate your work. Finally, use all the benefits of the Internet, so as to earn enough for a decent living and also put some money aside.
Dan Radak is a marketing professional with ten years of experience. He is currently working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies. He is also a coauthor on several technology websites and regular contributor to Technivorz.