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How a Digital Nomad Earned $4,000/month in Passive Income | Sharon Tseung

How a Digital Nomad Earned $4,000/month in Passive Income | Sharon Tseung

FromFire Drill


How a Digital Nomad Earned $4,000/month in Passive Income | Sharon Tseung

FromFire Drill

ratings:
Length:
43 minutes
Released:
Sep 30, 2018
Format:
Podcast episode

Description

Everyone glorifies the digital nomad. But what does it really mean to be travelling and working around the world?

Today we interview Sharon Tseung, who quit her job and started living the digital nomad life for 2 years. She managed to build a passive income of $4,000/month and explore Europe, Asia and parts of North America. She then decided to go back to the Bay Area and get a job again, so she could focus more on her online businesses

You'll love how refreshing this story is.

We also chat about...

Finding a balance between work and travel
How much it costs to travel
The reality of the digital nomad
The network she made
Her different income streams
Her current focus on future goals

Enjoy this chat with Sharon Tseung, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Sharon's blog: Digital Nomad Quest
Sharon's second blog: Me Want Travel
Sharon on Instagram, Facebook
Sharon on Youtube
FIREDrill's new Resources page
FIREDrill podcast on Youtube
Amazon Merch

Key takeaways from our chat with Sharon Tseung
1 - It's not easy to balance work and travel
Sharon explains (and Gwen agrees) that when you suddenly have so much time and so much to explore, it's not easy to balance work and travel. You want to enjoy the city your visiting and get to know the culture, and yet you also want to get as much work done to earn more money. It's not always easy to find a balance, and it's something many digital nomads struggle with.
2 - Travelling doesn't have to be expensive
Sharon spent a whopping $600/month when she was in Thailand. This goes to show that travelling might actually be cheaper than staying at home, and this is why digital nomading is more achievable than it might seem. She talks about the spreadsheets she uses how she keeps in control of her expenses. She ended up actually saving money while travelling! Amazing!
3 - Digital nomading might not be the best option
It's refreshing to hear of someone who decided to go back to a full-time job instead of sticking with the digital nomad lifestyle. Sharon explains that she felt a lack of fulfilment when working on her passive income streams, and she also wanted some more stability so she could put more money into her online businesses. Many people glorify the digital nomad, but fail to see what it really consists of. Sharon realised this in her 2 years travelling, and this has given her energy and insight to do what she really wants to do: more singing, and building online businesses she loves.
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Released:
Sep 30, 2018
Format:
Podcast episode

Titles in the series (97)

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.