Society is constantly changing as new and innovative technology emerges and in the past few decades, the Digital Revolution has gained momentum and in 2024, we have global hi-speed connectivity with Internet3.0. We are approaching the launch of 5G and the Internet of Things (IoT) and everyone has a smartphone and it is this speed of light global network that empowers the digital nomad.
Deliver your services in a virtual environment
Zoom puts you in close contact with everyone and in real time, you can have business meetings with key players around the world; synchronise your time and set up the virtual meeting. Zoom is the best digital platform for VoIP; powerful collaboration tools are at hand and you can include as many people as you need.
Travel the world
When you work via the web, you can enjoy tropical beaches; buy condo in Pattaya and stay there for half the year, the other half you can rent it out. Thailand is the top destination for digital nomads, hi-speed Internet is cheap, as is everything else and you can enjoy a great climate. Bali is another top nomad venue, while the stunning beaches in Vietnam are attractive for a month or two. Set up your banking and you can move money at will and enjoy an adventurous lifestyle.
Set up a foreign company
Choose a country like Thailand and register a foreign-owned business, which gives you a long-term visa and you can come and go as you please. Many freelance coders and developers live in Thailand for most of the year, which makes for an ideal base; invest in a luxury condo and live like a millionaire. The Thai government offer attractive concessions for foreign real estate and business investment and you pay minimal tax as a business owner.
Real estate investment
While foreigners are unable to own land, they can buy condo units and Thailand is a prime location that assures your asset appreciates in value. If you would like to view condos in Pattaya, start with a Google search to find a top real estate agent and you can schedule a private viewing anytime you are ready. The best units don’t stay on the market for long; trade is brisk, as more and more Europeans are fleeing a tyrannical government.
Europe in the summer
Many nomads hop on a jet in May or June and spend a few months in sunny Europe; enjoy the south of France, see old friends in London, returning to Thailand in October/November, when the weather is warm. You could spend Xmas and New Year in Sydney and see how the Aussies do it, or check out Hoi An in Vietnam; Starlink Internet connectivity keeps you in the business arena 24/7, making sure you meet your deadlines. Australia is an attractive place to spend some time and the country is huge.
Time management
This is one aspect of the lifestyle that is critical; you need to manage your time efficiently and when it’s time for work, be focused. Buying a condo in Pattaya would be a wise move; use it as your base and make a passive income at the same time. You need a secluded space in which to manage your business empire; a luxury condo isn’t going to break the bank and it is a good investment.
Hire a remote accountant
Give them access to your cloud and your books will be up to date and tax returns filed on time; the accountant bills you for time and cloud-based data gives them instant access to what they need. Preferably an experienced international accountant to ensure you are always compliant, the penalties can be severe.
Network with other professionals
The web is a great platform for professionals to create collaboration groups; if you are a freelance web designer, for example, you will always find clients if you join tech startup groups on social media. Traders tend to live in the same condo development and they exchange strategies and ideas, while coders also like to form groups to collaborate on projects.
Avoid the cold
The ability to travel and work allows you to avoid cold weather and for many, that is a blessing; with a little planning, you can avoid tropical monsoons and always enjoy a pleasant climate. Of course, you might have no reason to visit Europe or the US, in which case, you can spend the whole year in Southeast Asia.
