✅ 5 THINGS you MUST KNOW around 💰 MAKING MONEY and 💻 DIGITAL NOMADS
💻 How do I MAKE MONEY💰 (Without Selling) as a MILLENNIAL Digital Nomad?
In my pre-online life, I've worked as:
- Retail seller (camping and outdoor gear)
- Multi-million private yacht sailor and chef
- Chef in a high-end restaurant
- Running shoe seller (sports store)
In my online life:
- I've been selling online courses (infoproducts) with my nutrition and healthy habits company
- Mentoring others to launch online (with students making $700,000 in 7 days)
- I also built the marketing for an online company offering in-person retreats for (8-figure) Entrepreneurs and Founders.
By saving and investing that money, I could retire at 25 and live off my investments since then.
Besides investments, at the time of the shooting, I make money with my book and courses—where I share how to Travel Without Working and live off investments.
And honestly, monetizing your knowledge is one of the most profitable ways to make money online; and not just that, but passive income!
Many Digital Nomads are only selling their time, trading time for money.
I don't want that for you.
You can do it for some time as a side hustle while creating your assets (your focus).
You can also trade your time for money for pleasure. But decouple your income from your time if you truly want freedom.
The more I know about online business and digital marketing, the more I focus on Minimalist Business Models (scaling two (max 3) products ad infinitum).
Mainly in an evergreen model (that generates sales 24/7).
If you want to accelerate your way to $100,000 a year in evergreen (almost passive) sales, check out my book Travel Without Working. You can also take the long road and find it out by watching free videos on Youtube and trying and failing (until you crack the code).
💻 How to GAIN ✅ Income Stability as a MILLENNIAL Digital Nomad
If you are self-employed 100%, say goodbye to salary stability as a Digital Nomad. Unless...
You own Multiple sources of income. The average millionaire has over 7.
I don't want you to think averagely. I don't care how much money you make right now; think in terms of assets. Trading your time for money is not an option long-term. Do you see yourself 60 years old, selling your time for the necessity to pay the bills? And in 10 years, is that your optimal life? If not, start now creating and buying assets that pay you independently if you work or not.
What is the Minimum Monthly Net Income to Secure a Digital Nomad Lifestyle?
To answer that question, it is as easy as tracking your Money In and Money Out. I talk about that in my book. Personal finances self-awareness is key to not overspending.
It is so easy to underestimate expenses and overestimate income (especially when you still pay taxes and once a quarter or a year, you get a surprise).
I've lived for less than $500 a month and $2,000 a week.
I've lived in 40 spots for over 1,000 days with $1,000-1,200 a month on average—including accommodation, transportation, food, leisure, and treats.
The key is living below your means. That gives you priceless Freedom.
Do you know how much you make and how much you spend to the cent?
Do you know your net worth (assets and liabilities) to the cent?
Have you ever Volunteered for Accommodation?
I did some volunteering in my life.
Before being a Digital Nomad, I volunteered in the Catalan Pyrenees (mountains), helping with woods restoration for a week. The organizers provided food and accommodation (a tent).
I also worked for four days with my partner (at that time) on an organic farm near Olot, Catalunya, Spain.
I used this network: WWOOF (World Wide Opportunities on Organic Farms)
Both are experiences that I remember with a smile on my face.
If you want to Volunteer in Exchange for Food and Accommodation, here are some pages to connect you with hosts:
- WWOOF (World Wide Opportunities on Organic Farms)
- Turtle Teams, Worldwide.
- Conservation Volunteers, Australia and New Zealand.
- Sudan Volunteer Programme, Sudan.
- Appalachian Trail Conference, USA.
- Trip Leader for HF Holidays, Europe.
- Help Exchange, Worldwide.
- Peace Corps, Worldwide.
- United Nations Volunteers, Worldwide.
- Kibbutz Volunteer, Israel.
Note: Even if you don't have to pay food and rent while volunteering, I would use my spare time to build assets and new sources of income.
Also, keep in mind that you won't probably connect with many business-driven people while volunteering. So you might be less externally motivated to work on your assets and have fewer chances of business networking and partnership opportunities.
Do you invest? Property? What assets?
All my investments are in crypto, right now.
No real estate, no precious metals, no stock market.
Discover Why YOU might be LOSING MONEY Investing in Those (Poor) Assets (and what to do to optimize your portfolio)
To sum up:
1. Own Multiple Sources of Income (the average Millionaire owns over 7)
2. Focus on Passive Income ones (I reveal my favorite two in my book)
3. You can live for free (in exchange of your working hours) as a Digital Nomad by volunteering.
4. You can also live like royalty in spots like Oaxaca for $500 a month.
5. Investing the Smart Way will make you enough money to live off investments eventually. Learn how to Invest Profitably as soon as possible.