Financing Your Freedom

The world is changing.

The days of having to have a job where you either worked for an employer or customers who are in your local vicinity are long gone.

Thanks to recent developments in technology the world of work has opened up to allow people to work from anywhere in the world, for customers from all over the world.

Self-employed freelancers are no longer working from an office in their home town; they are working from their homes… which can be anywhere in the world.

Even some employees can work from home remotely. We currently have a staff member who is living in Portugal. Everything that he does is done online.

We communicate via email or phone, and the work he does is delivered via email or added directly to websites and social media profiles that he is able to access from where he is.

Again, because of advancements in technology, freelancers and remote workers now have the freedom to travel and earn a living. They no longer need to stay in the one place.

The day of the digital nomad is here.

More and more countries are creating visas specifically for digital nomads. The idea that a person can come to their country already earning a wage which they will spend in their country is incredibly appealing.

Governments are concerned about the people they let in being a drain on their economy and resources. With freelancers and remote workers, that fear is lessened due to the fact that they are already earning and are self sufficient.

I know for a fact that Andi, our guy in Portugal, has put thousands into the Portuguese economy already and has taken nothing out of it.

An economic migrant is no longer someone who goes to another country looking for work to earn money, it now also means someone who goes to a country and puts it into the economy.

Unlike the 1980s when British builders popped over to Germany during the recession to earn money to send back to family in the UK as seen in the popular television show, Auf Wiedersehen Pet, migrant workers can now come into a country and bring money with them which they spend in the local community.

Each country is different with their requirements, for example Romania’s one year digital nomad visa income requirement is €3,950 (£3,397) per month.

Iceland’s visa is for only six months and they expect a monthly income of €7,075 (£6,084).

Greece has a one year visa with the possibility to extend to a residency permit. Their income requirements are €3,500 (£3,010) per month.

Malta has a yearlong visa with a €2,700 (£2,322) monthly income requirement.

Hungary also has a one year visa with their income requirements set at €2,000 (£1,720) per month.

Portugal is also creating its own yearlong digital visa.

Andi was able to get there using a D7 visa which was originally set up for people earning a ‘passive income’ even though he is actively earning an income.

That shows that Portugal is becoming more flexible and happy to take in remote workers, although, the D7 lasts only for three months, Andi and his good lady are required to have a meeting to be granted residency when the three months are over.

Originally they wanted to go to Spain but at the time the Spanish government would only allow EU citizens living in Spain to work for non Spanish companies.

Non EU citizens have to work for a Spanish company if they want to be a remote worker living in Spain which means that with Andi being British working for us, a British company, he couldn’t go there.

But that’s about to change.

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Spain is working on their own digital nomad visa which will allow a person to live there for five years as long as they earn around €2,000 (£1,720) per month.

Five years is an incredible amount of time. It goes to show that more and more countries are embracing the idea and waking up to the new world.

I’ve only touched on a few European countries that are opening up their doors to digital nomads, but more and more countries are doing it.

Thailand is also opening up its doors to digital nomads with a four year visa but the Smart Visa is aimed at more professional types who are earning over £65,000 a year meaning that you must earn around £5,400 each month.

I’ve mentioned Thailand for a reason, and that is that I know a person who lives in Thailand and he earns his money trading the financial markets.

A digital nomad is really someone who can earn money wherever they are in the world using the digital domain.

If you can connect to specific websites and apps, you can make money in the digital domain.

You too can become a digital nomad.

You do not need to be a remote worker working for a specific company, and you do not need to offer a specific service.

Countries are welcoming people who are already earning money. How and where that money is being earned is often irrelevant.

Some countries frown upon gambling and trading for religious and moral reasons and so people who make their money that way may not be approved for certain visas.

But thanks to services like NordVPN, websites such as Betfair and IG can be accessed and used in territories where they have been blocked.

Although I do suggest that you double check that you won’t get a long prison sentence before placing £5 on the favourite for the 14:30 at Kempton.

One of the things that is most appealing about the digital nomad lifestyle is the fact that you can actually get more for your money and live a better and more rewarding lifestyle in a country that is a lot more affordable than the UK.

For example, in the UK the average council tax in 2022-23 per dwelling is £1,493. Over the ten month pay term that equates to £149.30 per month.

In parts of Spain and Portugal, their equivalent tax for the whole year can be as low as that one monthly payment.

Rents can also be a lot cheaper.

An unfurnished three bedroom house in the middle of Andi’s home town here in the UK can cost the same rent as a furnished three bedroom apartment or villa that comes with decent views and possibly a swimming pool in Spain, Greece and Portugal… depending on the location of course.

Go to Thailand, Indonesia or India, and you could be living with views of long golden beaches and piercing blue seas.

That alone is a big pull for many digital nomads.

I mentioned that I knew a person who was living in Thailand making money trading the financial markets… did I tell you that it takes him no more than five to ten minutes a day?

If you would like to know exactly what it is that he does to make between £110 and £350 most weekdays which funds his life in paradise, click the link below:

The A Minus B System

Kind regards

John Harrison

PS… As far as effort is concerned, this is one of the easiest systems for making money that I’ve seen.

You don’t need to know a lot of facts, figures or information, you only need to work five or ten minutes in the morning and for that it will give you between £110 and £350 most weekdays.

Here’s that link again:

The A Minus B System