AI Summary
This video provides a step-by-step guide on becoming a digital nomad, emphasizing the freedom and lifestyle benefits of working remotely from affordable locations like Bali. The speaker compares the freedom of a digital nomad earning less to a high-earning lawyer with less flexibility, and outlines three main paths: remote job, freelancing, or starting a business. Key concepts like Pareto's Law, Parkinson's Law, and delegation are introduced to maximize productivity and freedom.
Full Transcript
[00:02] online job so they can earn money using only a computer. This undoubtedly has many benefits. You can live anywhere in the world, you can organize yourself however you want, you can work at what you really like, and
[00:16] above all, you will have a lot of freedom. This is a dream for many people , but for many others it is a reality. There are more than 40 million people in the world who are digital nomads, who can earn money
[00:29] solely through this. I'm currently in Bali, an island full of decided to prepare this video in which I'm going to explain step by step and in detail how you can become a digital nomad.
[00:44] Success, at least for me, is not about retiring while being really rich. Success, at least for me, I insist, is being able to live life the way you really like now and not having to wait for the future. For this, money is nothing more
[00:57] than a tool that allows us to buy freedom. And I'll give you a very simple example that many people will relate to . Let's take a reputable lawyer who earns €200,000 every year, who is a lawyer from
[01:10] Madrid. This person earns a lot of money, but is not very free. And I'll explain why. Number one, he absolutely has to live in Madrid, since that's where his clients are. Living in Madrid means living in an expensive city, and therefore, you're going to have to
[01:23] expensive rent, etc., etc. Living in Spain means you'll have to pay quite a lot of practically half of what he earns in taxes, and on top of that, he'll have to glued to his phone. This person earns a lot of money, but doesn't have
[01:38] as much freedom, especially when compared to a digital nomad. Here in Bali I've digital nomads, many people earning 10,000, 1,700, 800 every month, and these people, despite earning much less than this
[01:53] lawyer, have much more freedom. Because? Because here, renting a villa is quite affordable. Eating out is quite inexpensive. Everything is therefore practically half of what it is in Spain. Everything costs half as much as
[02:06] in Spain. And this allows them, firstly, to work significantly fewer hours, have more time to enjoy themselves and, ultimately, not have to wait until retirement, but to be able to enjoy it while combining it with
[02:18] is get paid in strong currencies, in euros or dollars, and live here where they have a weaker currency. So what this allows them [musicians] is to have a really good lifestyle with a smaller amount of money
[02:31] make clear is that there isn't a good option or a bad option. It's not good to lawyer or have a conventional job. Both options are good, but we want so we can go after what we want. In the end,
[02:45] drawbacks. So, earning, for example, $1,500 a month and living in Bali is great. You're going to enjoy life a lot, you're going to have a lot of free time, that's Bali starts to get more expensive and everything becomes more costly, you might have a
[02:59] a person who knows how to organize themselves well, since living outside Obviously you'll pay much less in taxes, but you won't have a pension. Therefore, you're going to have to organize your money well to
[03:12] protect yourself for the future. Therefore, everything has pros, but it also digital nomad, you have three great options. The first option is to have a remote job. This means that a company will hire you,
[03:25] this company will pay you, and all you need is a computer to many companies, especially in the digital sector, that are completely remote, that don't even works online. This allows you to be
[03:39] you choose where you live. Therefore, if you live in a cheap place, of life for less money. This would be the first option. The second option is to be a freelancer. Unlike a remote job where you work for
[03:52] payroll where you are paid the same amount of money every month, a freelancer with different companies and different people, will sell their services, and what they will generate every month will not be stable, but will change.
[04:06] person who knows about copywriting, who knows how to write correctly, and who is hired to write landing pages, product pages, emails, and so on. So this person will earn money based on the number of clients they have and
[04:19] the services they manage to sell. Therefore, it would also be interesting, but it would option is to start a business. On this YouTube channel we have a lot of complete and free courses, courses that are sold elsewhere for thousands and thousands
[04:31] . One of the latest things we've we teach you how to create an online store that can help you if you want to start your own business. Starting a business can certainly generate a lot of
[04:43] money, but it will also depend on what you the stability of a remote job. Something else I would like to emphasize is that it is we are going to become digital nomads and only work
[04:57] be at the beach all day, we're going to make a lot of money, because that's not how it works. If we want to work few hours and earn a lot of money, it is certainly possible, but before reaching that point we will
[05:10] need to work many hours to start a business, find a good job, or do whatever it takes to set up a system that allows us to work little and still generate a lot of money. But wanting to move to
[05:23] another country, work little and earn a lot right away is a mistake, I think. One concept I really like from a book called The 're considering becoming a digital nomad, is definitely a book I
[05:35] highly recommend, and it says the following: it tells you that if you have a office job where you can't [music] go live on the other side of the world and you have to go to the office in person , what it recommends doing is the
[05:49] following. He recommends that on days when you're not going to work, you very hard for your company and show them that you're more productive when you're not in the office, that you accomplish more, so that
[06:03] can work from anywhere in the world. And if not, what you recommend, if your company still won't let you , is that while you have a job, which is what gives you stability, you can set up a
[06:15] side project, whether it's a small business, or find an additional job that is remote, and once that side project, that remote job, conventional job, in this case you will be able to leave it to start taking a pay cut. But
[06:29] he is very clear and says that if you travel the world as a stable source of income, you are not really on vacation. Ultimately, what a digital nomad seeks is freedom. And if what
[06:42] you want is freedom, you have to understand these three concepts, because live wherever they want, but who will be in . The first concept is Pareto's law. Pareto's law
[06:55] tells us that 20% of our work generates 80% of our results. And to understand, since we will of the time we spend working we will achieve the vast majority of the
[07:08] results. So, the point here is to focus on doing that 20% and to identify the other 80% of the time that only generates 20% of the results and eliminate it. This allows us to achieve virtually the
[07:23] much less on [music]. And the next concept is Parkinson's Law. we have a task, a goal, we will to do it. This is very common in conventional jobs. If I have to
[07:36] work 8 hours every day from Monday to Friday, and during one day I have 8 hours of work and I have certain objectives, it will take me all day to do these objectives. So, what we need to do here is set goals in a
[07:48] shorter time. If I have a goal, I only set myself one hour to achieve it. hours to do it. This allows us to work fewer hours, but still achieve the same results as if we worked more. And this is
[08:01] wants to enjoy life and have a good lifestyle; it will allow you to work fewer hours and achieve the same results. And the last Everyone knows that delegating is important , but few people dare
[08:15] both professionally and personally. If you have a business, if you are a freelancer, you will be able to delegate certain work. How do we decide when to have to do is calculate how much our hour is worth. To calculate how much
[08:29] how much money we earn per month and divide it by the hours we work. our hour is worth. And if we have to do a task and we can delegate that task and do the task, we will always have to delegate it. This means we have to
[08:43] work even less. And ultimately, what we're going to be doing is buying freedom. This can be done, I insist, personally, hiring someone to help us at home, to cook for us or to
[08:55] do our daily tasks and save us time and, I insist, we are once again show you a comparison of how much it costs to live in Bali compared to God, you have it on your shoulder. [laughs]
[09:11] going to show you a comparison of how much it costs to live in Bali compared to how much it costs to live in Madrid. And in the end, this is one of the biggest digital nomads. Being able to live anywhere in the world means you'll benefit in
[09:24] many cases from better tax treatment, paying less tax and therefore potentially work. But you'll also benefit from being able to live in more affordable places, which generates two things. Either you spend less
[09:37] money on living, or you spend the same amount and live better. This website different cities. You can do it with Valley or with whichever city appeals to you most. And we can see everything. So, how much does a
[09:50] basic lunch menu cost in Madrid? €18 How much does it cost in Bali? €8 How much does How much does it cost in Bali? €8 How much does fast food cost? In Madrid €11, here €3.69. We for example, the monthly rent of a furnished 85 m² house in a
[10:05] normal area, in Bali is €756 while in Madrid it is €1506, so it is 50% cheaper. allows us to see the comparison between cities and understand that if we move, for example, to Bali, our
[10:20] And it says it perfectly here. To maintain the same standard of living that would require €6,500 in Madrid, you would need to earn approximately €3.22 in Bali. In the end, these types of websites are certainly interesting, but we can't
[10:35] believe everything they say. Let me give you a specific example. I've been here in Bali for a few weeks now, I came to film videos here, I've had the pleasure of meeting a lot of people who live here and what I've seen is that
[10:47] in the end people end up spending more or less the same amount of money as they would city in Spain. In the end, many people end up spending more or less the hometown, but they end up living a much higher standard of living. To
[11:01] conclude the video, I'd like to say that becoming a digital nomad definitely has many advantages; it's really cool and eye-catching , so why not give it a try for a while? But all that glitters is not gold; there are negative aspects as well. We
[11:14] we need to save some money, we can't spend all the money we build a long-term plan and also understand that this is only want to be a digital innovator, want to live in different parts of the world,
[11:27] want to travel, that's perfect, but you have to organize yourself well and understand of the world because your job allows it, and that you're not on vacation. your work performance to drop and you'll end up getting
[11:41] Or if you have a business earning less money and, I repeat, you'll be back to square one video. I wanted to make a realistic video really sharing how to become a
[11:55] digital nomad. I hope this has been helpful. If that's the case, don't hesitate to with people who might be interested in all this . And that's it, I'm Adrian Sa and I'll . And that's it, I'm Adrian Sa and I'll see you in the next video.