Posts

How to Become A Digital Nomad Abroad

Learn How You Can Become a Digital Nomad as an Expat Abroad

For a number of reasons, people become “expatriates” (that is, people who live outside their native country), and this process of becoming an expat happens in many ways./

One of the most recent and popular ways to become an expat has materialized through a number of technological innovations, and that is to become an expat as a “digital nomad.”

What is a digital nomad?

This is a term used for a person who is “location independent,” and relies on technology to perform his or her job. The great thing about being a digital nomad is you can work virtually anywhere, allowing you to move easily between countries and regions.

How exactly do you begin to become a digital nomad?

It seems to be an appealing life, one where you can travel and work simultaneously. Imagine sitting on a beach somewhere in Thailand working on your laptop (while also working on your tan!) The thing that digital nomads have in common is that they usually spend months in a year traveling while working online. But it takes a lot of hard work to reach a point where you can both work and travel.

As a recent movement that works for many, it can be rewarding. but there’s usually some confusion about how to live this lifestyle.

We’ve put together five core things you need to do if you’re interested in becoming a digital nomad. There’s a lot of hard work involved, but these five steps will help to set you up for success.

1. Be creative.

There isn’t one blueprint that everyone can follow in order to get the digitally savvy life of independence that so many (particularly the millennial population) dream of. Everyone arrives at the digital nomad lifestyle through a unique path.

In order to find out which route to go, figuratively and literally as well as digitally, to become a digital nomad, you have to figure out where your strengths lie and come up with a creative way to make that work for you.

Are you good at graphic design? Blogging? Photography? Are you good at creating communities online through your relationship-building or networking skills? Let that work to your advantage and help leverage you on your way to becoming a digital nomad.

2. Join a digital nomad community.

There are tons of people who are doing this and have been in the same situation as you before – figuring out where to begin and how to start travelling while working online. Find these people and learn from them. Use them as resources and as peers who are like-minded. They have a wealth of information on how to start reducing your ties to your current location, where to find new homes for cheap, how to find a creative way to earn money online to fund your travels, etc.

3. Decide on how you’re going to earn money.

You need money to travel. Start by freelancing through your graphic design, photography, or blogging skills, or work or study abroad. These are ways to start traveling and get you on the path to becoming a digital nomad. While studying and working abroad is less risky than trying to earn your way by being a freelancer, it’s not as easy to be location-independent. It may take you longer. So weigh the pros and cons. Generally, it makes sense to secure your contracts or employment before you leave from a company that is accepting of your digital nomad existence while living abroad.

4. Figure out how you want to live.

If you’re interested in having solitude and quiet, and wish to retreat somewhere, go for it! Or if you’re a social butterfly and need to be around people to thrive, then go for that. But make sure you know what you want.

Have a look at our country and city guides to get more of an overview of regions in the world that Expat Financial provides medical coverage for.

5. Research.

This includes researching where to live, the currency, and the culture of your destination (for some areas that are more conservative, you want to dress appropriately). It makes sense to make sure you are living in an area that is safe and secure, has excellent internet coverage and speed, inexpensive housing and for some a great climate and interesting culture.

6. Get international medical coverage BEFORE you become a digital nomad

International health insurance coverage is essential for anybody becoming an expat, no matter where they’re going or for how long. If you are a digital nomad, there is a good chance your employer will not provide health coverage for you or will ask you to obtain your own. In fact, most digital nomads are self-employed or working on a consulting basis, so you most likely need to obtain adequate global health coverage to cover unexpected medical expenses, evacuation, dental and more. Digital nomads can easily obtain a quote for excellent international medical insurance from our insurance partners. Our most popular global medical policy for digital nomads is the Cigna Global Health Options plan. It is vital that digital nomads obtain a high-quality plan and also discuss their needs with us if required.

Expat Financial provides international health, life, disability and travel insurance to expats (for both those who are interested in going abroad and those who are already living abroad). Contact us today to get have your questions answered and obtain a quote online.

 

 

How Expats Can Save Money When Moving to the UK

The UK’s rich cultural heritage, vibrant history, and high standard of living have made it one of the most sought-after expat destinations in the world. London’s eminence as a global business center also means that many expat positions there will come with high wages. However, these qualities have also contributed to a high cost of living. The UK is the 12th most expensive country to live in in the world, and its capital, London, is the 5th most expensive city in the world. To help you keep costs down, we at Expat Financial will discuss five ways to save money in the UK.

1. Saving on Flights

As expats move to the United Kingdom from all over the world, they would all love to save a penny or two on their airfare. One of the easiest ways to do this is to book flights well in advance. Airlines tend to hike the price of tickets as your departure date looms closer, so booking at least several months in advance will allow you to avoid this. Additionally, if flying to the UK from your own country proves unusually expensive, you could try booking a flight to another cheaper European destination. This is a valid strategy, as due to the significant presence of low-cost airlines in Europe, once you are in Europe, flying within the continent can become as cheap as the taxi to the airport.

2. Saving on Accommodation

With the average flat price in Central London is an astonishing 1.4 million USD, and the average British citizen spending nearly 40% of their income on housing, it makes sense to share a flat with fellow expats to keep costs down. In addition to helping your pocket, sharing an apartment is also a great way to make new friends. Online platforms such as Gumtree and SpareRoom make it easy for expats to arrange a shared flat. For students in the UK, you can often obtain very inexpensive and basic rooms through your university or private student housing companies like Unite Students.

3. Saving on Food

As a melting pot of different cultures, Britain’s vast offering of diverse cuisines makes it a foodie’s paradise. Although some of this diversity amounts to £300 a head omakase bars, there is still an abundance of cheap eats to be found. Straying from the main tourist and business areas will usually lead to finding low-cost local favourites. Additionally, many restaurants lower their prices both before and after peak hours, so that late night sitting may be saving you money. It is easy to obtain ready made meals from the large food chains and department stores in London and other parts of the UK. If you avoid restaurants in your hotel, the prices can be much more reasobable. We strongly recommend trying the excellent pub food as well.

4. Saving on your Commute

The major cities of Britain are home to some of the best public transit networks in the world, and subsequently, they make owning a car very optional. In London for instance, only 33% of people drive on a daily basis. Utilizing public transit will not only save you money, but it will also save you time, as taking the tube is often faster than driving as city traffic can be agonizingly slow during rush hour. In areas that are not covered by the public transit system, using Uber is often less expensive than hailing a cab.

5. Saving on International Health Insurance in the UK

Traveling to the UK without adequate health care could leave your finances in ruin, especially if you wish to obtain medical care through the private system versus the National Health Service. Unfortunately, the NHS has had some serious problems which include very long waiting lists for treatment. You may also be traveling or want to obtain medical treatment in your home country. Therefore, it makes sense to contact an international healthcare advisor to make sure that you are fully covered. Expat Financial offers many different international health insurance plans for expats moving to the UK for long or extended durations. In addition, we offer group plans for multinational firms with great rates and enhanced coverage. If you have any questions regarding our services or the plans we can provide, please contact us or complete the quote form.

 

 

 

 

 

 

Five tips for a successful studying abroad experience

Students from all over the world want to travel and study abroad to visit a new region, to try the authentic local cuisine, to meet new people and become fluent in another language. Others want to take advantage of education opportunities, courses, and experiences that only a foreign university can offer. However, how do you make the most of your overseas experience and integrate yourself into the local culture? In this article, we will discuss five quick tips on how to make the most out of your study abroad experience.

  • Find a Balance Between School and Your Spare Time 

The primary reason for international students to study abroad is to learn skills and obtain a degree. Therefore, having a study schedule with all the essential dates is a good idea. It will help you to prioritize your study time and stay organized. However, it is also important to give your brain a break and do something that you enjoy. The best suggestion is to make the most of your study time, to avoid cramming during an exam period. Plan ahead to give yourself consistent time to study every day.

  • Continue Your Hobbies and Join Clubs

It is encouraged that international students seek out new opportunities and join clubs while studying abroad. Many universities have plenty of student clubs, athletic activities, and groups available to new students. From there, you may have a chance to continue your hobbies or discover some new interests. You may meet some new friends who are from your native country or those from the local region. Immerse yourself in your new country as this should help you integrate into your new offshore student life. The priceless relationships you developed with your friends at university can be a lifelong connection – and it may just help your career.

  • Experience the Local Culture 

One of the advantages of being an international student is being able to experience the local culture. Many universities have homestay programs, of either short-term or long-term periods. This may give you a chance to experience the day-to-day life of the local people, to learn cultural differences, and to overcome the language barrier. A homestay arrangement may also save you money as local residences and apartments will probably be quite expensive. Home cooking from a local homestay house may also be a great feature.

  • Ask for Help if you Experience Stress While Studying Abroad

Facing challenges and stress when studying abroad is quite normal. However, if you don’t handle it well, it can have adverse effects on your performance. If you need positive support and help, it is encouraged to ask your teachers or supervisors and talk to them about your stress. Keep regular breaks, exercise daily, and spend time with your friends. You should check if your health coverage will pay for claims associated with mental illness.

  • Obtain Health Insurance When You Study Abroad

If you are studying abroad and traveling often, it is imperative to obtain the appropriate health insurance plan. Although many colleges, universities and educational institutions will offer some international health insurance plan, the coverage may be basic or only cover you in your destination country (not back home). Moreover, the university coverage may not include your overseas travel. To learn more about international student health insurance, please click here to learn more about the great plans that we can offer students.

Feel free to contact us to discuss your student health insurance requirements so we can make a recommendation that will fit your needs. If your overseas education facility would like to consider offering a plan for its students or even the expatriate staff, please contact us to discuss a group plan. For more information, please click here and obtain our one-page international student health insurance brochure.

Digital nomad career options while living abroad as an expat

Digital nomads are often referred to as people who earn income remotely and mostly online, rather than from a permanent physical office. Today, digital nomads can be found in many industries such as writing, IT, media, tutoring, medical service, blogging, consulting and more. For expatriates living and traveling abroad, the flexibility and freedom of a digital nomad is the ultimate global lifestyle. In this article, we will discuss why expats are becoming digital nomads along with the careers that are ideal for this exciting lifestyle.

Why So Many People Are Eager to Become Digital Nomads – A Freelance Career in a Globalized Economy

One of the main advantages of the digital nomad lifestyle is the freedom to travel and live in new places without restrictions. This is especially attractive to expatriates who are already living overseas. Expatriates working as a digital nomad can earn money as they travel and may be open to more career opportunities. For expat spouses living abroad with their employed expat partners, a digital nomad career is often a perfect solution for not having permission to work in the new destination country.

Another reason why people become digital nomads would be differences in currency values and cost of living. For example, if you are earning US dollars and living in Thailand, you will benefit from the currency conversion as $1 USD equals to $34 Thai Baht. Therefore, your income could lead you to a better quality of life and let you have more time for leisure. As would be expected, the cost of living in many developed and third world countries can be at a fraction of the costs of living in North America or Europe.

Digital Nomad Career Options for Expats

We have compiled a list of you will need to acquire the right skills & contacts. Please check the list of skills & careers that are ideally suited for expatriates living abroad:

  • Computer-Based Expats: As online businesses are growing much faster than traditional retail stores, eCommerce website platforms are in great need. Learning computer skills doesn’t mean you have to become a programmer. If you start to learn the basics of web page design, you will be able to develop a website for clients in a few weeks. You don’t need to know how to code, and there are many website templates available. Lastly, you will need a laptop with fast internet access.
  • Travel Writer: To write well about travel requires passion and local friends. Travel writing does not just include destination tour guides or hotel recommendations; it is all about the stories and experiences during your stay. Many travel writers start their writing on a blog site. From there, some of them get offers of book publishing and may even be offered free travel. It is recommended to use social media such as Facebook, Twitter and Instagram to connect with your potential readers and editors.
  • Writing – copy-writing: To become an online freelance copywriter requires proven similar work that you’ve done before. Additionally, you must be able to identify your ideal clientele that may be scattered around the globe. Search engine optimization (SEO) is a much sought-after skill, so there is an excellent demand for online content copywriters, such as website copy-writing, SEO copy-writing, and other forms of social media writing. Make sure to find out what type of copywriter you want to be and understand the role you are applying for, then pitch yourself to an ideal client.

  • Consultants: If you are knowledgeable and experienced on a particular subject, then to become an online freelance consultant would be a good choice for digital expats. Popular industries and sectors of online consultants including education, music, marketing, accountancy, security, engineering, human resources, science and finance. In some sectors, a consultant may be required to develop a customized report and presentation online. To become an external online consultant, you may need to acquire the specific certifications and qualifications and choose your target market wisely.
  • Social Media Expert: Nowadays, almost every company realizes that they need social media specialists for content marketing and multimedia management. If you know social media channels and campaigns, such as Facebook campaigns, email marketing, and social advertising, you may be able to get a job as a freelancer while living overseas. Many clients won’t mind that you are a digital nomad.
  • App Developer: This type of work requires solid software development skills and knowledge such as SQL, JavaScript, C# or C++, Python, etc., no matter you are building mobile Apps for either the Android platform or Apple’s IOS system. There are short intense programs to teach future programmers skills and knowledge in as short as 8 to 12 weeks. However, to become an App developer requires consistency and long working hours. Some of the most popular careers in App developing include IOS for creative enterprises and mobile cloud computing with Android.

  • Translator: If you speak at least two languages including your native language, a career in online translator might just for you. There are many kinds of translation works such as novel translation, movie translation, legal documents translation and conference/specialized material translation. One of the first steps to become an online translator is to get accreditation or certification. If you have a specialty in fields like electronic engineering, computer science, or biology, then you may even have the advantage of translating technical documents.
  • Web Site Development: SEO (Search Engine Optimization) and SEM (Search Engine Marketing) specialist careers are ideally suited to digital nomad experiences – it is often viewed as a great self-employed business to run from almost anywhere. In addition to web and computer knowledge, you will also need analytical skills to deliver the results.
  • Graphic Design: Using a wide range of media and software such as Photoshop, Illustrator, etc. to design visual layouts and corporate magazines can make you a digital nomad and work anywhere you want, especially you have proven graphic designing experience. It’s a job that can easily be completed anywhere in the world with good internet access.
  • Online Teaching: As the English teaching market is growing, it is a great way to travel and become an expat English teacher. Compared to traditional in-classroom teaching, online teaching has many advantages such as flexible and efficient. Online teaching allows you to teach from anywhere. Learning English is very popular in Asia. If you are a native English speaker, the possibilities are endless.

 

Don’t forget International Health Insurance if you are a digital nomad

For digital nomads living abroad, it is important to note that you will be responsible for obtaining your own international health insurance plans as you won’t be supported by an employer and the country you live in may have little or no medical coverage or even adequate healthcare facilities. Domestic plans may not even cover you or will only cover you in that one country, which is not ideal if you wish to travel or obtain health coverage abroad. You will probably lose your current health plan coverage if you live abroad or it may not cover overseas travel. If you have questions about our international medical insurance plans or you want to discuss your needs and produce a customized quote, please contact us or complete the quote form. Also, don’t forget to obtain individual life and disability coverage as well if you are a digital nomad.