3rd September, 2019

6 Advantages of the Digital Nomad Lifestyle

Many questions are asked about the appeals of being a digital nomad, and often the answer is simply that it allows you to travel. Although applicable, this is a little simplistic. Any regular globe trotter and travel goer can achieve this. What sets digital nomads apart is the ability to earn an income while they are doing their travels.

There are so many other great advantages than merely just travelling that make living the digital nomad lifestyle so appealing. Here we look at 6 of these.

1. Flexible work hours

For some, this can be the most appealing. Not being obligated to attend a workplace from 9 to 5 from Monday to Friday most weeks of the year is a major boost to taking control of your lifestyle.

In some ways, it doesn’t make much sense attending the workplace in a repetitive routine. Often work is sporadic, and a lot of time spent at work can be highly unproductive time. However, since it’s in the contract to be at the office during so called ‘work hours‘, you have no choice.

What makes more sense to others is that you work hard when you have work to do, and balance that off with achieving lifestyle goals when it’s a bit quieter.

However, most of us are drilled from birth about the importance of full time employment, and are conditioned under society to work in a certain weekly timeframe.

2. Choose your work

Often when working for a company, you come across jobs that you simply do not want to do. But, as you are the employee, and the boss has given you the directive, you must take on the tasks anyway.

This can be extremely de-motivational. Working on something when your heart and passion are simply not in it can seem a bit like wasted time. Not just for you either, but the client as well. From their point of view, they would prefer somebody more motivated to do it rather than someone who is reluctantly doing it.

As a digital nomad, you can choose which work you want to take on, and which work just isn’t in your best interest.

3. Geographic arbitrage

This is the practice of highly paid professionals from a region of high currency, moving to an area that is less expensive, therefore making their scale of wealth increase within that new area.

One of the best kept secrets of many corporate giants today is the ability to utilise areas where costs are low for production and resources to create products and services to be sold in areas where costs are higher. In this environment, the product can be sold at a higher cost as the general cost of living is a lot higher.

Despite some ethical concerns in regards to the seemingly exploitative strategy, digital nomads certainly benefit from geographic arbitrage.

The overhead costs of running you business from a place like Chiang Mai compared to say California are MASSIVE. Not to mention the general cost of day to day living.

This is one of the big appeals of utilising this strategy in the communications industry, as often delivery is in a digital format, rather than a physical one.

4. Work from interesting places

Quite an obvious benefit. No longer are you stewing in the monotonous streets of contemporary westernised suburbia, instead living in the backdrop of various global locations.

A misconception, probably forged by online marketing gurus, exists in that working on a laptop while lying on a deserted beach with a cocktail is what being a digital nomad is all about. Even the most gullible of us should not fall into this very inaccurate, egoistic portrayal of life as a digital nomad.

Instead, you will be doing your mobile office in an environment where you will be MOST productive. This allows work to be done efficiently and fast, meaning proper time can be spent enjoying the lifestyle benefits.

5. Make money while seeing the world

As mentioned earlier, in the 90’s we used to be jealous of these types of professionals whose jobs lead them to all corners of the globe, all while receiving a handsome salary.

Now it’s possible for anyone. All you need to do is believe that you can make it happen and work hard at it. If the idea of living in Saigon for a while, then moving to Barcalona, El Nido, Buenos Aires and Hoi An all while earning an income is appealing, then you owe it to yourself to give it a shot.

6. You’re the boss

Sometimes this one can be to your detriment. Often digital nomads will be ‘too kind‘ a boss to themselves. Justifications such as making the most of the destination or prioritising some beers with those backpackers you just met tends to be an Achilles heel.

However, if you can establish a firm routine and a strict sense of discipline, being your own boss is the best arrangement you can have. No needing to answer to some company corporate ladder climber or get told do silly little jobs just because you are lower down the food chain.

Most importantly, your boss has your best interests at heart, always!


Prepared by Work Play Nomad


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