Passive Income - Deepstash

Passive Income

Not many people know about making passive income but it's crucial to have this financial tool - this is the income we receive automatically every single month like clockwork.

Most of the destinations that are attractive to digital nomads are those places that offer an inexpensive lifestyle that has a low cost-of-living and overhead expenses.

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MORE IDEAS FROM How To Become A Digital Nomad And Travel The World

The Five Steps To Becoming a Digital Nomad
  1. Reduce and eliminate expenses that will be left behind when you set our to travel, they will only get in your way.
  2. Develop skills to work as a digital nomad. It doesn't necessarily have to be a blog but any skill that you can work remotely with is fine.
  3. Decide on a destination. Do your due diligence and look into the place's safety, security, and quality of life.
  4. Set goals, create a plan, and always have a backup plan.
  5. Join a digital nomad community.

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This mentality drove most of us into a state of compliance and complacency where we are then unable to remove ourselves from our obligations to our 9-5s.

Nomads interpret freedom as the ability to be able to see the world, having no boundaries and borders to abide by while being able to live and work from anywhere we choose to please.

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  • We become more open to people and learn lots of skills such as being more social, adapting to the environment, and ever nonverbal communication.
  • You will meet good people on the road. Distance and time cannot break the bonds you form.
  • There is no such thing as a mistake because every choice you make are always half chances just life everybody else's.

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RELATED IDEA

The world has changed substantially due to the pandemic. Tourism-dependent countries continue to suffer economic losses as people remain unwilling to travel.

Many organizations have found that remote work is successful and are now planning to allow their staff to continue operating outside of the office. To help fuel tourism, countries now offer what has become known as digital nomad visas.

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"You know how to do something people would hire you for, but only if they know you are available."

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There are a plethora of ways to earn a relatively decent amount of side income during your leisure time, depending on your specific needs and skills. Here are 44 of them by entrepreneur.com

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