How I’m Transitioning into a Digital Nomad Lifestyle | Nomad on FIRE

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.
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