7 Awesome Reasons You Should Become A Digital Nomad

I fell in love with travelling at really young age- my father’s job involved moving to a different country every few years, and he took his young family with him every time. I’d like to think that’s where my wanderlust came from. I can feel at home pretty much anywhere in the world, and the combination of gestures, smiles and the attempt at broken local language can get me through any sticky situation.

I’d like to think that’s where my wanderlust came from. I can feel at home pretty much anywhere in the world, and the combination of gestures, smiles and the attempt at broken local language can get me through any sticky situation.

7 AWESOME REASONS YOU SHOULD BECOME A DIGITAL NOMAD

There is a huge difference between traveling to sight-see and attempting to transform your life to that of a digital nomad. I am attempting to do that latter for the next four-five months.

I write this sitting in a cafe in Lisbon, my home for the last week. Lisbon caps off week two of the next seventeen weeks on the road.

That’s right- I packed up my life in a carry-on (and a purse), and with my Eurail pass in hand, I am working from the other side of the world for the next 5 months.

And you know what? It’s not as hard as you think it is.

Being location independent, or a digital nomad is not certainly not for everyone, but it is so worth it for those who are able to make it work.

Why do I want to work from the road, and not from an office? Because the world is a huge place, and being stuck in one part of it my entire live is a waste. Just because the cubicle isn’t for me right now, doesn’t mean that I need to become a waitress or a street performer to be able to support myself, or save for my future.

I have been extremely intentional with the type of business I’ve created, and how I’ve set up my team. We’re pretty much either working remotely or on client side, and luckily my role doesn’t require my physical presence anymore.

You have to work hard for what you want to have. This 5 month adventure is a my beta-test to see if I can work, travel, and still maintain a work-life balance that motivates me to do more, and be more.

While being a digital nomad might not be for everyone- (it’s extremely hard to do if you have a family, kids, and/or debt), it might be something to consider if seeing the world is on your list of things that will amplify how you feel about your life. Besides who doesn’t want to be working with various cafes all over Europe.

The key to all of this comes right back to being extremely intentional with everything that you do. Whether that’s paying off your debt, or saving for a house or changing careers (all of which I have done over the last few years). Life is a series of steps that leads to things that ultimately makes us content.

Do I have moments where I’ve questioned my own sanity? YES, ALMOST EVERY DAY. But that’s part of my routine. The checks and balances that keeps me from doing things that completely outrageous.

I mean the girl who has an entire closet just for shoes is going to live out a tiny carry-on for 5 months! Not only is it possible, but it’s easy when you really consider the reasons behind it. My goal is to be able to continue creating things that I’m in love with, and placing myself in situations, places, and with people that allow me to do that without restraint.

So if you find yourself wondering if this path is for you, here are 7 awesome reasons why you should be a digital nomad:

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Freelancers: What to do with you tax refund?

It’s tax season again!

Are you excited? Well, you should be. If you’re anything like me, you’ve been playing with your tax software to see where you end up this year, and if there are any other deductions calling your name. TurboTax and I are best friends right now! You can check out the TurboTax’s free offerings online as well. 

This is when the rubber meets the road, and you figure out what to invest in with your tax refund.

Let me preface this by saying that your tax refund is NOT a saving plan, or investment strategy.  You shouldn’t “count” on that money. In fact, if you’ve done your account correctly, you shouldn’t be getting a ton back. But in the event that you are getting money back, there are a few things that you can do with the refund coming your way.

TAX-refund

Nest egg:

Most freelancers know that it’s really hard to predict what your income will be any given year, so having a nest egg of 3-6 months of expenses in your bank account will give that peace of mind, and help you sleep better at night during the slow months.

This, while not the most exciting strategy, is great for you if you’re just starting out, or have gone through some of your contingency fund already.

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Learning to invest-Researching Stocks the Smart Way

As a follow up to my rant a few weeks ago about women not investing, I figured I should put my blog with mouth is and at least have some simple instructions on how to get started.

I am not a financial planner by any stretch of the imagination, but I have common sense and a somewhat informed sense of the basics. So please don’t sue and do your own research before you hand over your money to anyone. I am not promising that you will learn how to pick stocks or learn how to invest by reading this series.

I am promising that it will give you the basic overview if you have never thought about going at it alone. Learning to invest isn’t difficult, it just requires patience and a bit of time to sit down and research.

But before you start picking stocks,  you should figure out your financial situation. I am hoping that if you are reading a personal finance blog, you have some inclination to either assess, or fix your financial situation. I am sure everyone knows that already. Today we are going to focus on picking stocks.

Although many people are aware that investing a portion of their savings is one of the best ways to achieve financial freedom, they don’t know how to get started. The first step to investing is learning how to perform due diligence when it comes to picking out companies and stocks to invest in.

After all, the point isn’t to lose money before you even get started. While this isn’t a fast, easy task, the process can be sped up by doing market research through your TD E-series account, which offers full access to independent research reports. As you can tell, I really believe that the E-Series is a great beginner tool.

That being said, it’s important to remember that nothing is guaranteed in investing – and there’s always the potential to lose a lot more than you started with. This is why it’s vital to learn how to research stock companies and make your own predictions.

What to Look for in a Potential Investment

In a nutshell, you will be using the following criteria to drill the list down into a smaller pool of stocks to choose from:

  1. Price-to-earnings ratio
  2. Overall earnings growth
  3. Dividends

Remember, there’s more to investing than just comparing the above three figures – you’re going to want to take a look at the overall picture once you’ve narrowed your choices down, including, but not limited to, the market cap, relative strength and the company’s return on equity, as well.

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5 Reasons to use a Piggyback 80/10/10 Loan

The Piggyback 80/10/10 loan was pretty popular before the 2008 housing crisis. However, once the market crashed, it was hard to get a loan, period, especially if you had problems with your credit. Now, however, the housing market is looking great again, and potential homeowners are looking at the Piggyback 80/10/10 loan once again. Below are five reasons you would want to use a Piggyback 80/10/10 loan for your purposes.

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