Welcome to the 8th edition of “How to Make Money While Travelling” which features successful nomadic teams and interviews with location independent entrepreneurs.
So, how do you make money while travelling?
Unlike many freelance nomads or those who have successfully set-up an online business, I have a remote job (lucky me!). Which pays me a fixed salary each month and also gives me time and flexibility to explore the world around and far away from me.
I manage a team of financial analysts who write research articles to help common investors like you and me make better investment decisions. My team is spread across India and each one of them works remotely.
What were you doing before "Market Realist"?
Before I started working for my current employer, I worked as an Associate Vice President for an financial knowledge outsourcing company. Before that, I worked with a credit rating agency as an analyst.
I also have around 3 years’ work experience in IT, mostly in system administration and R&D on open source products.
What are your reasons for becoming location independent?
Even after starting a remote job, it took me some time to flirt with the idea of being a location independent professional. Since location independent jobs and the lifestyle is not very common in India, I had no reference point to look at.
Since I love travelling, I thought of taking a trip in the Southern part of India around February 2015 to see if I can maintain the balance between work and travel. Success in delivering at work even while travelling boosted my confidence and I started taking trips around India. I have travelled from the Southernmost tip of India to up in the Himalayas. Then a point came where I thought of exploring international destinations to work from. That is when terms like “Digital nomad”, “Location independent professional” got added into my vocabulary. In june 2016, I took the big step to move to Chiang Mai.
Do you face any challenges while both working and travelling?
The major challenge is to adjust to the new environment. During first couple of trips, first few days were disastrous with me spending a lot of time figuring out more about the location. Over Last few trips, I have realized that I am a slow traveller and can’t really change my location too frequently. So I act like a traveller during weekdays and tourist over the weekends.
On a personal front, dating on the go is challenging as you often meet right people at the wrong time, when either you are moving somewhere else or they are.
How do you find work while travelling?
For me, this is not a matter of concern due to my awesome remote job. However, I am currently trying to get started with my travel blog which is enough work for me to fill my free time.
Why do you think businesses should offer more remote working opportunities?
We can talk for hours on this. In fact, one of my life goals is to make the transition happen from enclosed offices to open spaces. With technology available to make the transition, I really don’t think it is necessary to bind some professionals (if not all) to miserable offices in even more miserable cities.
The potential benefits include de-congested cities, less traffic on the roads, sustainable development, and most importantly, happier employees. :)
If you were to give advice to someone who wants to quit their desk job to become location independent, what would it be?
Know your game! I think it’s possible for most of the service professionals to find some sort of remote work which matches their skills and experience. You require a lot of patience to deal with the dual uncertainty coming from new location and the nature of freelancing work. If you know your game, it’s easy to cope up with the uncertainty.
For those who are still figuring out, don’t stop learning! Few skills that you learn might look utterly unnecessary but someday when you look back and connect the dots, you will know that every learning counts. In my case, a lot of things that I learnt during my IT jobs that I hated came handy in my current job.
What are your favourite travel quotes?
“Traveling – it leaves you speechless, then turns you into a storyteller.” – Ibn Battuta
Some say, I have lost my track!
I say, "I have learnt to fly instead"! - Original
Do you have a mantra, slogan, or catchphrase?
Live your life before death takes it away!
Thanks, Mayur Sontakke!
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