Business
Have you ever dreamt of pursuing a digital nomad lifestyle? Eric started his digital nomad journey by joining a work travel program called Remote Year after saving up enough of a cash buffer. His plan is to continue working remotely after Remote Year is over and living a full on digital nomad lifestyle. You'll love that story. We also chat about... Eric's background What Remote Year is like How he's planning on making an income A day in the life of a digital nomad Enjoy this chat with Eric, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Eric's blog: Nomad on FIRE Eric on Twitter and Instagram Reddit thread /buildapc New Egg ChooseFI Facebook Group Remote Year Episode: The DIY approach to building skills, becoming a millionaire, and finding your passion | Grant Sabatier of Millennial Money NomadList Mr Free at 33 The Earth Awaits NomadSummit 2020 No More Harvard Debt Episode: A New Travel Hack: Mystery Shopping | Financial Roadways Key takeaways from our chat with Eric 1 - Remote Year is a good way to transition into the digital nomad lifestyle Remote Year is a work travel program that offers accommodation and co-working passes to a group of people who live a digital nomad lifestyle together. Although a little on the pricier side, Eric argues this is a great way to try the digital nomad life along with a community. He gets to meet a lot of interesting people from diverse backgrounds and several different skills, all while travelling and working on his side hustles. 2 - Geoarbitrage as a strategy Eric is using geoarbitrage to make his money last longer - by earning in a strong currency and spending in a weaker currency in cheaper locations. Him and his girlfriend get to save more money and travel more. He also uses travel rewards, and recently started a blog to document his journey and make some extra money. 3 - How Eric saved up $30k to travel abroad Eric was working a high paying job but lacked work life balance. He was always a decent saver and made sure to max out his tax advantaged accounts and avoid lifestyle inflation. He treated his saving as a game, and made it a challenge at the end of every month to find ways to cut back and save more. The most important: finding what your why is. That's his plan for the year ahead. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.