Nearly five million Americans describe themselves as digital nomads, meaning they both work and travel remotely, according to technology firm MBO Partners. One in six say they earn $75,000 or more a year but a majority earn less than $10,000 annually and to most digital nomads, this doesn't matter much.
When you're traveling in countries with a low cost of living, you can make less money, work fewer hours, and still enjoy a higher quality of life.
The trick is securing work in a remote-friendly field that fits your skill set, while keeping in mind a few realities. Your income will swing, so yes, you need savings to bridge when your work pipeline is light.
Before you commit, she recommends putting at least two to three months of income in an emergency fund to cover lean times or a plane ticket home.
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