MONEY & TECH

INTERESTING FACTS AND CHALLENGES BEHIND WORKING AS A DIGITAL NOMAD

DIGITAL NOMAD

The digitized world has invented creative methods to work. Now you can work from any corner of the world for a company situated in the other corner. This style of working has a term ‘digital nomad’; more and more people want to adopt it as their full-time way of working for their job.

Before someone chooses to work as a digital nomad, it is wise to consider the exciting things and the challenges of this concept.

Fun Facts and Challenges about Digital Nomad

EXCITING FACTS ☺ 

CHALLENGES ☹ 

  Own Rules And Style Of Working – No one is there to drive your work strategy according to the stereotypes of the work practice of traditional office culture. You can be as creative as you want and can make rules to bring out the best in work performance.

Tiring and complicated travel routine – For work purpose, the digital nomads have to travel from one place, in fact, one country to the other. Attainment of work visas, international health insurance, following countless local laws, coping with the food diversities etc. are some of the major issues they face.

Opportunity to grow globally – As a digital nomad, you have no restrictions of geographical boundaries. Work for any employer from any part of the world. It helps in faster career growth and gives huge exposure to the global vision of the related industry.

 Isolation 24×7 – Most of the digital nomads complain about the loneliness while working. The absence of colleagues, office routine, official parties, makes their life dull. There is no one with whom they can share the problems and ideas on work.

Adequate time for personal hobbies – When the outer world struggles to make a work-life balance, a digital nomad enjoys sufficient time even for his hobbies. No need to stay installed in a chair for 9 to 10 hours. Get up, go for a walk, dance, do painting, sing or do whatever one wants.

Lethargy Vs Self-discipline – There is always a wrestle between what is required to do and what a digital nomad does. While sitting conveniently on a sofa/bed etc. one can quickly become the prey of laziness and sleepy feel. The comfort does not mean that one can overlook the work deadlines. However, with a slow, dull body, it is always tricky to keep the zeal of work.

FACTORS THAT ARE EXCITING AS WELL AS CHALLENGING AT THE SAME TIME

Just like a coin has two sides, for digital nomads, the advantages and disadvantages sometimes exist in the same aspect. Here are they –

  • FINANCIAL LIFE FACTS – INDEPENDENT AS WELL AS CHAOTIC DUE TO ABSENCE OF STANDARD SALARY STATUS  

The exciting part – Financial independence is indeed a significant benefit; it is infact a major reason for people to embrace this work culture. They can work for various clients at the same time and can earn from different sources.

No need to wait for a payday, the moment they complete a task or project, the money for the work reaches after a short time. A digital nomad rarely gets into a situation where he says ‘I need money now’, but I have to wait until payday. Money keeps coming from different clients for the whole month. The liberty to decide the price of work is always there. You know this very well if you are connected to your job digitally only.

The challenging part – It is always difficult for a digital nomad to get the best deals on financial products. The reason is the absence of the standard salary that a salaried, regular employee receives on a payday. Digital workers do not have a fixed day because of the free-spirited nature of their work.

Qualifying for funds can be difficult, and if they do, the compromise on the part of interest rates is always there. If two people, one salaried, one digital nomad take out for fast loans with no guarantor for some urgent need, the latter one may get a higher rate. Lenders consider the salary slips of a salaried person more authentic.

  • JOB SECURITY – BOTH STRONG AND WEAK ACCORDING TO THE SITUATION 

The exciting part– A digital nomad can work for many companies at the same time, if something goes wrong with the one, the other is there as the back-up.

This luxury is not present for the salaried people. They are stuck for the whole day with only one employer and have no time to explore the other options. A digital nomad rarely gets into the situation where he says

The challenging part – Still, most of the companies prefer full-time employees. They recruit digital nomads as the temporary option to a full-time employee. Once the recruitment is done, the companies may say ‘goodbye’ to the digital workers.

So many things are there to discuss when it comes to digital nomads. However, this option is undoubtedly exciting and have become quite popular nowadays.  The above description is just an effort to throw light on the significance of balanced information before you finally get into the digital nomad work culture. Read them and see if you are ready. ALL THE BEST! ☺

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