student loan mistakes to avoid

5 Student Loan Mistakes to Avoid as a Digital Nomad

When you’re jet-setting from country to country, it’s easy to forget about responsibilities back at home. But ignoring your student loans would be a mistake that could haunt you for years to come.

That’s not to say you should let student loans hold you back from traveling the world. On the contrary, going abroad, especially somewhere with a low cost of living, could be a great strategy for getting out of debt fast.

Just make sure you’re not making any of these student loan mistakes along the way.  Continue reading “5 Student Loan Mistakes to Avoid as a Digital Nomad”

states that pay you to move there

Work Remotely? These Places Will Pay You $10,000 to Move There

Working remotely comes with a ton of benefits. You can ditch your commute, work from wherever you want, and manage your time on your own schedule. You don’t have to have a boss looking over your shoulder or make awkward chit chat with coworkers at the water cooler.

And thanks to two forward-thinking programs from the state of Vermont and the city of Tulsa, Oklahoma, working remotely could also add $10,000 to your bank account! To attract young, tech-savvy workers, Vermont and Tulsa are offering up to $10k to telecommuters who relocate there, along with a host of other sweet benefits.

Interested in states that will pay you to move there? Read on to learn the details of these two awesome programs. Continue reading “Work Remotely? These Places Will Pay You $10,000 to Move There”

student loan repayment options

5 Savvy Strategies for Managing Student Loans as a Digital Nomad

Student loan debt in the U.S. has reached scary new heights. Altogether, Americans owe $1.48 trillion in education debt. In the Class of 2017, the average graduate left college owing $39,400 — and that doesn’t even include whatever student loans they might take on in the future for graduate school.

If you’ve got student loans, you know how stressful it can be to send off big payments to a loan servicer each and every month. But rest assured, your student loans don’t have to stop you from building a career you love while traveling the world.

By exploring your student loan repayment options and finding the right approach, you can still accomplish both these goals. Whether you’re trying to become a digital nomad or simply travel more, here are five savvy strategies for managing your student loans. Continue reading “5 Savvy Strategies for Managing Student Loans as a Digital Nomad”

how to travel cheap 1

10 Tips for Traveling the World When You Have No Money

So you want to travel the world, but you’re broke AF. Luckily, the force of your wanderlust is stronger than the emptiness of your bank account.

To grow your travel fund fast, you need strategies to earn more and spend less. Here are 10 effective ways to do both. Continue reading “10 Tips for Traveling the World When You Have No Money”

save money on rent

7 Creative Ways to Save Money on Rent When You’re Location Independent

When your job lets you work from anywhere, you have the unique luxury to choose where you want to live. Whether you want to stay in your hometown or move abroad, you’re free to settle wherever  (WiFi and visas allowing).

At the same time, you don’t want to bust your budget on an apartment you can’t afford. Before moving, make the most of these seven creative ways to save money on rent and safeguard your finances. Continue reading “7 Creative Ways to Save Money on Rent When You’re Location Independent”

7 Life-Changing Benefits of Being a Digital Nomad

I recently wrote about the downsides of being a digital nomad, so anyone considering this path has a realistic sense of what it entails. Now I want to focus on the amazing benefits that come with this lifestyle.

Most digital nomads work online, leveraging technology to make an income without being tied to a specific location. Because “going to work” simply means getting online, they can work from anywhere with WiFi.

As a result, a lot of digital nomads head to far-flung destinations like Bali, Chiang Mai, Budapest, or Medellin. Driven by curiosity about the world (and possibly a soon-to-expire visa), many stay on the move, filling up their passport with stamps as they explore this “pale blue dot.”

While this exciting lifestyle has tons of benefits, here are seven that stand out to me. Continue reading “7 Life-Changing Benefits of Being a Digital Nomad”

Is Digital Nomadism Right for You? 7 Potential Downsides to Consider

If you follow the Instagram feeds of digital nomads, you might think their life is one long vacation. You see epic sunsets and beautiful people with perfectly highlighted hair leaping in front of the wonders of the world. Or you see someone casually reclining in a hammock, laptop on their lap as they sip a piña colada (ugh, so bad for your neck and shoulders!).

But we all know Instagram only shows the highlights; it doesn’t tell the full story. As with anything else, the digital nomad lifestyle has cons along with all its pros. So while the perks of being a digital nomad can be pretty incredible, there are also some downsides to consider if you’re going to embark on this path.

If you’re wondering if becoming a digital nomad is right for you, first consider how well you’d adapt to these potential downsides. And if you’re already a digital nomad, rest assured that your struggles are totally normal. Continue reading “Is Digital Nomadism Right for You? 7 Potential Downsides to Consider”

cost of living

5 Surprising Ways Moving Could Save You Tons of Money

If your job isn’t tied to a location, you have the unique opportunity to choose where you want to live. You could pick up and move across the country, or grab your passport and head abroad to join the tribe of globe-trotting digital nomads.

While this lifestyle has a lot of obvious benefits — the freedom to explore the world, for instance — it also has a perk that isn’t so obvious: Moving to a new city or country could save you tons of money.

If you choose a destination where the cost of living is low, you could spend significantly less while experiencing the same quality of life you normally enjoy — or even improving it. Wherever you’re thinking of going, here are five ways moving could be a major boost to your personal finances. Continue reading “5 Surprising Ways Moving Could Save You Tons of Money”

how to manage your money 3

How to Manage Your Money as a Location-Independent Digital Nomad

Hey, digital nomads: Do you have a plan for how to manage your money while on the road?

When you’re traveling from place to place, it’s easy to forget about financial matters. After all, saving for retirement probably isn’t top of mind when you’re watching the sun set over a Thai beach or hiking up Machu Picchu.

But if you neglect certain steps, you could end up broke in a foreign country with nowhere to turn. Instead of being boring, getting your financial life together can actually be really empowering.

You can fully enjoy your travels knowing you’re keeping up with loan payments or on track toward your savings goals. So what do you need to learn about how to manage your money as a globe-trotting digital nomad?

Here are seven key steps for getting your financial life in order. Continue reading “How to Manage Your Money as a Location-Independent Digital Nomad”

Secret’s Out: How to Reduce Your Student Loan Payments to $0 When You Go Abroad

If you’re a millennial, you’ve had to endure a pretty harsh economic landscape. First, you graduated into the Great Recession, when good-paying jobs were scarce. Experts say millennials will never catch up financially compared to the previous generation. Sigh.

Second, millennials are dragged down by student loans, with more than 44 million borrowers owing a collective $1.48 trillion. Student loans have a nasty habit of eating up your paycheck before it even has the chance to settle into your bank account.

If you’re one of those 44 million burdened with student loans, you might think traveling the world is out of reach. But if you’re interested in living in another country long-term, an international lifestyle could actually work in your favor.

In fact, working abroad could mean your federal student loan bills get reduced to zeroand you could get loan forgiveness eventually. Here’s a little-known trick for traveling with student loans that could just get rid of your student loans once and for all. Continue reading “Secret’s Out: How to Reduce Your Student Loan Payments to $0 When You Go Abroad”