Podcast: Play in new window | Download (Duration: 40:33 — 28.1MB) | Embed
Subscribe: Apple Podcasts | Google Podcasts | Stitcher | RSS | More
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.