Global availability to the internet, remote work, and advanced IT technology and infrastructure invite for a group of digital nomads to travel and work simultaneously. Outsourcing to low income countries furthered the idea of location independent work. It allowed young professionals and other creative minds to serve their customers from abroad. Like-minded travelers could become part of a community stimulating synergy and co-working.
Even though the idea sounds exciting and advantageous, digital nomads may experience some challenges. Life at home is predictable and experience has thought us how to act in times of crises. A different country, even for a temporary stay, has its own rules and digital nomads are often seen as nothing more than a tourist. This sometimes makes it difficult to enter into local contracts or use standard domestic services.
Home countries and host countries play a crucial role in the nomads establishment. Several countries oblige citizens to deregister from the national register when they leave for a longer time. This also means that (social) benefits for residents may no longer be available to the nomad. From a health and wealth management, and retirement planning perspective this is something to investigate and consider before traveling. Nomads and perpetual travelers have things in common. They both see the world as their playground. However, perpetual traveling is an art that requires diligence to avoid being dragged into negativity and uncertainty.