Living abroad for ten years proved to be financially beneficial compared to previous expenses in the U.S. For those considering a full-time travel lifestyle, several tips from experienced digital nomads can help. Creating multiple income streams is crucial for financial stability; experts emphasize not relying on a single source of income while abroad. Regions like Latin America, Southern/Eastern Europe, and Southeast Asia offer affordable living conditions. Nomads share insights about finding local affordability by avoiding tourist traps to enhance savings.
In my experience, three regions in the world offer the best combination of affordability, safety and quality of life. Start by checking out Latin America, Southern and Eastern Europe and Southeast Asia.
The greatest hurdle to living as a digital nomad is location-independent income. If you're going to work abroad, don't bet on one horse.
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