Digital nomad & work
One of the most frequent questions I get is: “How do I get work done while traveling?”, so will try to answer this one.
I DON’T DO ANY WORK…
I spend my days at the beach taking photos duh.
Okay, that’s a lie (I hope you knew that!)
The truth is, it’s not because you’re a digital nomad that you won’t be doing a lot of work – the amount of work you need to do is the exact same as if you were living at home.
But it does depend on your work, as a FX trader, I spend around three hours a day doing work, but that’s a normal amount of work for any trader? (Do you spend more time on the charts?)
All I need is to forecast, review my past trades, do some backtesting and watch some content in order to maintain my skill at the same level.
That being said, there are days where I spend a lot more time, if I am motivated I can very easily get into a backtesting session and spend around eight hours on it, because I love it.
That being said, if you are not self employed and instead get paid on an hourly basis (which is what I do on the side), you will have to spend hours doing work in order to go paid and finish the task you were assigned, and you’d do the exact same workload as if you were home.
But here’s where the “good shit” comes in…
If you’re in a country where your living expenses are half what you used to spend it’s rather easy to reduce your workload (still recommend getting more hours done than the bare minimum) – so instead of working 8 hours you could work 6 hours rather easily?
Where to work?
That’s the interesting/challenging part, I do try to spend more money on airbnbs where I know I shall be able to get work done in the mornings.
One of the challenges of being a nomad is that you never really have an office, especially if you change location rather often and there’s no co-working space close by that offers a “hot desk” membership.
You need decent wifi in order to be able to do your backtesting and watch content, and that’s not a given sadly…
To be entirely fair, “developing” countries (Indonesia, Poland, Colombia, Lebanon,…) please don’t bully me for putting Poland there… the wifi is a hell of a lot better than in developed countries when it comes to working in coffee shops.
So the answer is:
I usually work at home during my “productive” hours – the first three hours – if there’s a desk, one of my requirements for airbnbs (highly recommend it),
Then go out and do work at a coffee shop, however the work done in coffee shops is a lot less productive than at home, but I need the change of scenery – and it’s easier to keep doing work when you’re not the single one, otherwise the urge to go out and explore is super strong
Be a tourist for the afternoon, then get more work done in the evening at home or with a glass of wine!
That being said, if you are spending a month or more in one location, I highly recommend joining a co-working space, you’ll not only get to meet other self employed individuals and make friends but you’ll also get into a habit of working from there, which is great because you have a separation between home and work, something that’s not really possible when working from home.
Growth as a digital nomad
Now, as I just talked about, it’s rather easy to get work done as a digital nomad, you just have to say “fuck you” to your excuses and remember that you are only able to travel because of the work you do, hence, you need to prioritize the work over being a tourist.
That being said,
I don’t think living as a digital nomad is the best way to grow your business, instead, I would even argue it’s a bad idea
If you are aiming to scale your business, launch a new product, create a new offering, or even increase your returns as a forex trader or even learn an entire new trading style you’d be better off staying in one place
I’m not going to write too much about this, because I think Iman Gadhzi did a great job explaining it in this video, highly recommend it, shows the life about being a digital nomad, but after the six minute mark he talks about the downside of Variation and being a digital nomad.
You want to be repetive, you want to do the same shit, you want to have your routine, you don’t want to do new stuff every day, have a schedule, make sure you’re productive.
Anyway, hope you’re well and enjoyed this blog post!
Oh, and, if you’ve enjoyed this blog post, would mean the world to me if you left a like or a comment 😊