What kind of remote jobs do you guys have? and how are you guys able to pay off expensive travel costs?
I do internet marketing and digital advertising for a real estate company in the US, mainly driving traffic to my colleagues there. With a 13 hour difference the schedule is a bit tough sometimes, but it’s been working good for us. Travel costs do add up, so it pays to have friends around the world
Good query. Over a 3-year period, 2013-2016, here in Asia we hosted nomads of all kinds, always hoping for the ‘high-achievers’ and being selective. For variety of activity, dealing with travel costs, here’s what we encountered:
- Photographers - for stock libraries, magazines, shooting while on other business
- Venture capitalists - on family travel, but scouting, meeting, all the while
- Web designers, coders, bloggers - working from only MacBook Airs
- Ex-pats gone native - based in Laos, Cambodia, Thailand - new couples on breaks
- Airline family members - flying anywhere free
- Housesitters - stepping-stone around the world, each flight short
- Retired doctors - flying low-season rates
- Chinese telecom reps on business - nicest people
- Chinese businesswomen shopping - nicest people
- Chinese stock market traders - nicest people
- Swiss luxury watch salesmen - scouting customers while vacationing
- Hitchhiking across Mongolia - using cheap boats otherwise
- Prostitutes - the John pays the tour
- ‘Reformed’ Ex-cons - still marking targets for ‘associates’
The trend toward the last two are why we called it a day, but always fun. Really enjoyed folks.
I’d say over all, people cut costs by going off-season and doubling-up on their travel purposes, business and pleasure, business and family, reducing taxes with deductibles, dining in not out, living like locals.
One more aspect. While folks were away from their bases, each travel was short.
Shortest one week, longest a month, average about ten days.
Thanks for your replies. I’ll take a look at those options.
But I’m curious about living expenses. Even if I stay at a $70 per night hotel or hostel, that’s still going to cost $24,000 a year. Let’s say I pay $30 a day for food and transportation. That’s another $10,000 a year.
I’ll need some $33,000 a year base money to live as a complete nomad. Unless, I make $50,000 a year completely online, that’s going to be a challenge.
Maybe you’ll be required to work 18 hours a day, 7 days a week for something really challenging to pay that off.
$70 per night is wayyy more than most nomads pay on average. Say you stay in each location for 1-3 months, like many nomads do. Say you’re in a shared Airbnb apartment (or something you find on a local rental site). Depending on where in the world you are, you might pay $200-1000 per month. Only a handful of cities around the world would be more expensive than that. And in lower cost countries you can easily get your own place in that range.
I’d say at $15,000-$20,000 per year you can already live comfortably as a nomad—as long as you avoid the most expensive places, and avoid the high season in the most touristic areas.
Travel costs aren’t that high as long as you travel off-peak and stay in each destination for longer. Flights that cost $1500 most of the time, can be had for $500 if you’re flexible, etc.
Airbnb sounds interesting.
At where I live, you can rent a desk at an office for $250 a month.
Hotels charge from $45+ per night.
I’m trying hard to set up a stable online business. Maybe becoming a cryptocurrency & forex trader could solve this issue although I’ve seen some countries’ governments shutting down bank accounts of crypto traders. Maybe it’s best keep everything in crypto currency.
Another option is becoming a senior web developer. A senior web developer with 10+ years of experience in all kinds of frameworks can get paid $50,000 a year completely online.