Imagine you can travel anywhere in the world. Each location is your playground. While you can make a very profitable business out of fitness, nutrition, and any other niche coaching, you will spend less each month than what your current monthly income is. You can coach or train others and live your life on your terms. It sounds impossible. It is possible, but not impossible. It is the reality of being a coach and living an independent lifestyle.
You may wonder what it means to be a digital nomad. Digital nomads are individuals who can work remotely and are able to use technology to do their jobs. They work remotely and telecommute, rather than physically being at the company’s headquarters. They may also own their own businesses and offer a variety of products or services to customers, either locally or internationally. The community is growing internationally. You can coach and train clients anywhere you travel or live due to technology and better travel options.
What is the basic idea?
The world is very different from it was a few years ago. It can be lucrative and rewarding to run a brick-and mortar gym. However, it can be very stressful and costly. Sometimes, it is just too much work and unnecessary headaches. A physical space like an office can increase your fixed monthly expenses and keep you in place. A mortgage is a commitment for 30 years to something that may not go as planned. You cannot control some things. However, you have control over many things. There are great alternatives to your current situation. You can become a coach and nomad trainer. You only have one life, so make it a journey.
Early retirement and digital nomad
Early retirement is perhaps the best and most surprising aspect of being a digital nomad. You may not be thinking about it if you are younger. If you do it correctly, you can travel endlessly and save more every year to be able to invest it earlier or better. If you follow the path in a proper way, you can get rid of high burdens of rent, tax, utility bills such as cable TV, etc. It does not stop here. You can save on food, household electronics/appliances, etc. You can save as much as $10,000 to $30,000 annually. You could save even more. In just 10 years, you can save $30,000 without compounded interest. That is $300,000. These are real numbers.