Long-time nomad here. I see a lot of churn — people deciding to travel and work remotely who don’t have a solid income. They burn through savings, try to build a business and get customers from abroad, then give up. You can stretch the money better living in a cheaper country, but if you don’t have a steady income you will go broke and burn out spending all your time hustling.<p>Younger nomads especially struggle with visas. Most countries have income or savings requirements for granting long-stay visas. If you travel on tourist visas you have to move every few months, less than ideal and expensive for building a stable income.<p>I don’t know the “failure rate” for digital nomads. My anecdotal experience says that’s a high percentage.
hopefully they're also invoicing and not just being forced to bridge time between contracts by moving to a cheaper country? very much cheering for them!!