Before starting your nomadic life, getting your finances together is important. The video below gives exceptional advice for getting started from two professional digital nomads. In addition, I give you practical tips for applying what you'll learn in the video.
Summary of the video
Maria and Bryan (Lieles) are a couple who travel around the world together
They used to live in New York, where they worked and worked and barely had time for each other
They decided to quit their jobs and travel full-time
They share their tips on how to be there with money as you live a life as a digital nomad
Some of their advice includes knowing how much you need to make to live comfortably
Budget for luxury
How did cultures view money, and how does that influence how we use money
Changing old money habits
Living comfortably vs living extravagantly
Tangible advice
1. Cut the expenses that you don’t need and that don’t bring you joy
Before I moved abroad, I was a shoe and legging hoarder—especially boots. I loved my boots. Did I need 12 pairs of boots, especially when it’s sunny in California most of the year? No. Same with leggings. I swear Target was secretly spying on me because whenever I went in to buy a few things, they would have some leggings on sale. So, of course, I bought two or three pairs. Sometimes, they wouldn’t fit right; sometimes, they would only last a few months. But the biggest issue was that I didn’t need 18 pairs of leggings. But I habitually bought these unnecessary things, which only brought me temporary joy.
2. Keep the expenses that add value to your life
If getting your nails done every two weeks positively impacts your energy and how you feel about yourself, don’t cut that expense. Money exists to allow us to experience the good things in life. I remember when I moved to Spain, and my income fluctuated. I bought a 20 euro candle. Some of you might be rolling your eyes at me now, but I have no regrets about that purchase. And I’ve continued to buy my 20 euro Tuberose and Jasmine candle because it brings value to my life. Scents have a powerful influence on my life. Smelling a good fragrance is almost like listening to my favorite song. It makes me feel happy and hopeful.
When my mind operates from that place of happiness and joy, I’m more motivated to work and see potential money-making opportunities. All in all, I feel good.
Comment below which piece of advice stood out to you.
If you’re ready to start your digital nomad journey and change your money mindset, I’m here to help.
Send me an email titled “Money and Tavel,” and we can discuss getting you on a plan and living your best life.
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