this post was submitted on 21 Nov 2023
1 points (100.0% liked)

Digital Nomads

14 readers
1 users here now

founded 1 year ago
MODERATORS
 

How much are the usual earnings of a digital nomad? (aka how much are you making?)

I feel most earn only $1000 to $2000 and spend it ALL on travelling. I don't think thats mentally and financially sustainable.

you are viewing a single comment's thread
view the rest of the comments
[–] Curious-Jellyfish-50@alien.top 1 points 11 months ago (10 children)

I make 12k per month as a software developer.

And I am staying in a 1% tax country in EE.

I don't travel much, or even do much at all other than work, gym and some hobbies.

No SO or dependents. At this rate I could save/invest over 100k per year.

[–] Young_N_Wealthy@alien.top 1 points 11 months ago (1 children)
[–] primfayer@alien.top 1 points 11 months ago

Romania has half of the income taxed. So no, of course it's not Romania.

[–] Obvious_Cranberry607@alien.top 1 points 11 months ago

Are you freelance? What country are you in? I'm paying around 25% of my income into income taxes and pension plans.

[–] iIililIiilliliIlii@alien.top 1 points 11 months ago (1 children)

Don’t you still have to pay US income tax? Or is your employer in Europe?

[–] Curious-Jellyfish-50@alien.top 1 points 11 months ago (3 children)

I am not an American citizen; can't you tell my English is not spot on? ;)

I am not officially "employed" to anyone. I do work for American companies, but I just signed a W8-BEN, so I am responsible for dealing with my own taxes ... which I do, paying 1% every month very diligently.

[–] iIililIiilliliIlii@alien.top 1 points 11 months ago

That’s awesome haha

[–] tomorrowisforgotten@alien.top 1 points 11 months ago

Your English is spot on 👏

[–] _milkavian_@alien.top 1 points 11 months ago

Considering the facts that you’ve shared about yourself…Are you from Russia, by any chance? Just being curious.

[–] huggalump@alien.top 1 points 11 months ago

"How much do you think the average digital nomad makes?

"Well I make lots of money!"

[–] Higginsniggins@alien.top 1 points 11 months ago
[–] bepragmatic@alien.top 1 points 11 months ago

Interesting, I've just educated myself about this here https://forbes.ge/blogs/1-personal-income-tax-applicable-in-georgia-what-to-know-and-consider

The only caveat I see is that is though to separate the line between IT software development and consultation. Have authorities ever challenged or asked you? Have you taken a consultation with a tax lawer in Georgia to check your contracts? (I guess you have one of those generic contractor contracts business use in USA).

[–] M4c4br346@alien.top 1 points 11 months ago

How are you a digital nomad if you don't travel around?

You just swapped country A for country B.

[–] Ok-Media-1597@alien.top 1 points 11 months ago (1 children)

Asking all the other devs in this thread the same question, but I'm guessing you are working remotely abroad without telling your employer right? on travel visas? I'm fully remote but all the roles I ever see being advertised restrict me to stay in my country.

[–] DaniyalShamas@alien.top 1 points 11 months ago (1 children)

sking all the other devs in this thread the same question, but I'm guessing you are working remotely abroad without telling your employer right? on travel visas? I'm fully remote but all the roles I ever see being advertised restrict me to stay in my country.

Don't mind how do you find a remote job i am working as a digital marketer for a company and at the end of the month they only pay 200$ which is very low compare to other countries im living in Asia

[–] luciano-eth@alien.top 1 points 11 months ago (1 children)

Nice, any advice to us juniors devs, wanting to become DN? Any regrets or things you wish you could've done different? Any shortcuts you wish you could've taken to become as successful as you are now?