Digital Nomads

Yeah no babes, the only reason I’m able to make this work as a digital nomad is bc I’ve learned how to make it work for me. I started nomading with a salary of 60k and now I make about 90k. I’m in my 20s so if you do it smart it’s very doable.

Here are my tips:

• always stay somewhere for months at a time. No longer than 3 months and no less than one month is what I do. Staying somewhere for a month is way cheaper than switching it up every week or other week. It helps you get a community down, and avoid extra travel costs. Additionally, you can buy groceries which helps you cut the costs of eating out every day. You’re gonna wanna spend money on experiences so for sure budget that in. And it isn’t as exhausting
• eat in as much as you can! Eating out will put a hole in your pocket so try learning new recipes on YouTube or buying local premade stuff at the super market
• if you’re from the USA get a travel card!! Use the card for everything but make sure to only use what you can completely pay off the next pay period. You might not have enough credit for a flight or two at first but eventually you get that money back and can use that credit towards a more expensive trip in the future or even an emergency trip
• most importantly, plan around your budget! When planning my next trip I usually go on Google flights and do the explore option to see what the cheapest next flight or destination may be. I then use that to guide my decision and do a lot of research to see which city makes the most sense for me. I also follow Scott’s cheap flights and pomelo travel which are free newsletters that go to your mail and tell you about cheap flights! They’ve helped me decide various times where to go next. I honestly can’t remember the last time I didn’t spend more than 600 for a flight (except for like emergency flights but even then I had my travel points for that! And my Europe trip but I saved up for that one and stupidly went during high season when I should’ve waited a couple of months)
• also, additional hack: there are some cities that are flight hubs. Sometimes staying there for a day can save you a ton on flight costs! Ex: if going back to the USA look at nyc and Miami prices and then see if it’s cheaper to stay there a night and then go home. Or If in Latam check bogota, Lima, or sao paolo airports

Hope these tips help!

I earn about $4,000 a month, save $1,000 or so and live a comfortable life as a traveling hobo.

300 but it’s an extremely stressful job

i make between 4000-5000usd a month

Before taxes about $14000US/mon, after taxes about $10000US.

As a daytrader, on average $1000 a day.

10k CAD a month, I work in marketing for a remote US company. Budget wise I try not to spend more expenses than I spent when I was living in Canada, so about 3500. So it affords me to stay in nicer airbnbs, eat out, do activities, and not think much about cost. Most of my money goes into savings. No dependents or debt either.

If you've ever met anyone that called themselves a "digital nomad", you've also most likely paid their bar tab or been asked to loan them money. That should tell you all you need to know if you were wondering about the authenticity of the majority of the income statements on this thread or in this sub in general.

I make about 20k/month and spend around 5k/month

This thread might not be representative of the actual number.

I make ~$11k USD but I have mostly met nomads with much lower income. Probably dependent on the place. I usually base myself in Bali and most nomads I have met are 'influencers', 'entrepreneurs', 'drop shippers', etc. LatAm might have more US professionals and they might be making over ~$10k.

I was doing £20,000 on a good month. £0 on a bad month.

At one point £30,000 a month every month.
Another time scraping by on very little

100k

but I work in a v specific field and have a doctorate degree

I make less than my peers because I chose a remote job so I could travel

Started at ~$2k/month

Have had $10k+ months

Have colleagues who are in the millions (but they tend to be a little less nomadic)

I think there comes a point for the self employed nomads where they decide if they just want to keep getting by and living in cheap countries, or get more serious about their business

I’ve been nomading for 6+ years but would say the first 2 years — broke broke broke and scraping by. The last 4 has been good. I make anywhere from $5k-9k CAD per month and live in SEA so costs are low. Have my own marketing agency.

I think the best advice for anyone is aim to make as much as you would back home — so if you decide to stop nomading you have a good career and can afford life , have savings etc.

I choose more of an expat life in SEA due to costs but still visit home every Christmas. I save a good amount of my salary and invest it because cost of living is so affordable in Asia.

Now if I was doing the same thing back home … I would be barely saving money and paycheque to paycheque so it’s one of the best life hacks if you can find a way to make it work

Averaged 10-15k usd after tax per month but needed to move back because it’s hard to justify that salary if it is difficult to go into the office when needed for my position. Even if it is considered “remote”

£28k a month at the moment mostly passive! X

Many people in very different places.

You will see a lot more about making a tight budget go further for many of the same reasons as non DN work: more people have lower paying jobs, and people with less money need more help making budgets work.

Those of us making $5k-$10k+ don't have reasons to be asking how to make our budgets work.

I don't think thats mentally and financially sustainable.

this is true whether traveling or not.

Its also a fake it till you make it (then try to sell courses on how to make it) game for a LOT of it..

Theres plenty of actual working location independant folks.. But the 'nomad movement' has more flakes and fakes than any other niche I personally have seen.

I live in Chiang Mai and the local joke is nomad = backpacker with a laptop. A huge proportion are just gap year young people but claiming they are hustling some business sounds better to chicks than just travelling.

My day job is a fully remote middle management finance role at an American insurance co and my total comp is over $250K (10-15 YoE). I also own a portfolio of websites in the travel/lifestyle niche with EBITDA approaching 5 figures/month. Def not ready to quit my day job but hopefully there soon!

I’m not sure what the usual DN makes but many who I’ve talked to about finances have multiple sources of income or some level of self-employment income, so I’ve always felt like DNs do pretty well on average.

Oh and I’m also paying a stupid amount of taxes to the US gov’t even though I’m hardly in the states at all. However, DN is a must for me.. I’m in my mid-30s and want to settle down, but I don’t like American women so I’m traveling around Asia trying to find a wife lol

What's the point of your post?

It is sustainable enough that many people do it.

I’m in tech and make six figures. I need to be productive so I like to spend a few months in one place.

Biz Dev for a tech company that’s almost like a foundation.

I can save in more affordable countries to be able to live in places that cost more so it offsets itself. I base myself in Hawaii and it’s expensive af here so if I can do it here, everywhere else is manageable

I'm A digital marketer with 3 years of experience in marketing filed. here in Pakistan minimum wage of marketer is 150$-200$ per month. adding freelancing you averagely make 100$ extra.
I am open to work anytime.

1,300 euros

Well, I'm not going to be confident being a digital nomad in Europe if I earned under $3000, but that's pretty comfy in Southeast Asia.

If I were to make a wild guess as the average across the board, though, it's probably not lower than $1000 a week.