Since the era of Covid 19, there’s been a massive change in business operations and activities. Due to the raging pandemic, most organizations have had to take measures to ensure that workers are kept safe so that activities can continue. However, folks, particularly millennials and Gen Zs, have come to fall in love with the idea of independent working that they don’t want to return to carrying out their typical 9 to 5 jobs.
According to research by Two Tickets, 7.3 million digital nomads were living in the United States. That’s to tell you that before the era of covid 19, the digital nomadism lifestyle has been in practice by people but has since gained enormous momentum after 2020. Currently, there are about 35 million digital nomads, according to Statista, and more people keep switching from traditional jobs to an entire life of independence. It’s important to note some things about the ever-growing digital community and the changes that will occur as time goes on. Digital Nomad is from united states,similarly 6streams is a new way of streaming.
Things to Know Before Becoming a Digital Nomad
Before becoming a full-blown digital nomad, you must know about some things that can aid your journey. Digital nomads make their living from online jobs and are location independent with a flexible working lifestyle. You must consider some tips to ensure that unexpected challenges don’t come your way when living as a digital nomad.
These tips are as follows:
- Always ensure that you are using the right bank and credit card
- Carry out deep research of locations and make sure such a city has a large community of digital nomads
- Make sure you are insured to avoid being stranded when dealing with emergencies
- Select a place that is compatible with the number of hours you spend when working
- Ensure to carry along all your digital tools like PCs and smartphones
Skills Needed for Digital Nomadism
Although everyone wants to live the dream of becoming a digital nomad, they must take steps to achieve such ambition. Somewhat like traditional employees, some skills are essential for those who want to live a digital nomad lifestyle. Apart from being able to carry out activities online, you must possess skills like adaptation, financial discipline and commitment.
Some other skills that you need to posses as a digital nomad are:
- Administrative and strategic skills
- Communication skills
- Creativity skills
- Risk management skills
- Social and deep research skills
- Storytelling and time management skills
- Conflict-resolving and enthusiastic skills
Challenges That Digital Nomads Do Face
As much as the lifestyle of a digital nomad may seem very pleasing, there are still some challenges that may arise. In fact, one of the things that must be in mind is that when living your life as a digital nomad, you are solely responsible for every action taken.
There are other obstacles they may face:
- Struggling with work-life balance
- Facing work burnout
- Maintaining payment of taxes and other finances
- Social apathy and absence of emotional encouragement
- Getting the right place to live
- Dealing with government policies
- Having to keep up with daily activities
All these can be avoided or resolved by developing effective plans to handle them generally or one after the other.
Incredible Benefits Attached to Being a Digital Nomad
According to a study by Digital Nomad Soul, there will be 1 billion digital nomads globally by 2035. Well, it’s clear that digital nomadism is becoming popular, and several folks are increasingly ditching their jobs to switch to it.
Several perks come with being a digital nomad, and some of them include:
- Less work environment stress
- Flexibility in carrying out schedules
- Well-paying jobs
- Traveling around cities with nature havens
- Available chances for self-growth and development
- Membership of a worldwide community that has many benefits
What Is Ahead for Digital Nomads
While it may be hard to determine the future of digital nomads, it’s worth noting that many more will continue to join the trend of working remotely. In fact, since people will love to travel and visit areas with tremendous beauty, it’s inevitable for them not to think about exploring a location-independent lifestyle.
That being said, let’s take a look at a few factors that may possibly shape the future of digital nomads.
1. Work Culture
According to a report by Zippia, 50% of employers believe that remote work reduces the absenteeism of workers. That means most organizations are beginning to accept the ideas and policies of work flexibility. Since 75% of employees feel they’ll be able to balance their work life, according to Zippia, companies can’t refrain from adopting remote working as part of their culture. Therefore, an increase in the number of digital nomads is inevitable.
2. Priority of Experience Over Possessions
Many, particularly millennials, are now shifting from owning possessions to taking on experiences. People no longer spend money on acquiring luxury items but prefer to experience thrilling destinations and attend programs. According to a report by Eventbrite, over 75% of millennials like to spend money on exciting events rather than purchasing a product. Since millennials make up a vast majority of the digital nomad scene, they are much more interested in investing in traveling to places to gain great experiences, rather than having the latest kitchen appliances.
3. Technology Advancements
The world we are in today involves a constant push for improvement in every industry. As experts continue to work on ways technology can improve, digital nomads can access more resources and materials that can aid them in carrying out their jobs better. A perfect example is the advancements made in video conferencing technology that can help digital nomads reach out to clients. This way, they can cooperate on more work duties with their teams from anywhere worldwide.
4. Policies and Regulations
Some governments have realized that they can generate more revenue due to the influx of digital nomads into their countries. Therefore, they put policies in place that can help support the movement of digital nomads. These policies can include things like the offering of tax incentives. This means that you can take a closer look at which destinations offer you more benefits, whether it be a break on expat taxes in New Zealand, or credits for housing and other necessities.
Summary
As long as digitization continues, there will always be people who can easily maximize its tools for their activities. In fact, the future of digital nomads will continue to remain bright since people are becoming more interested in being their own bosses. After all, who doesn’t want to live life on their own terms?