Achieving financial freedom through digital nomadism and golden visas
I used to dream of one day retiring and living a life of luxury in some exotic location. I was going to buy a yacht and sail around the world, stopping at various resorts along the way. I imagined myself sipping cocktails while watching sunsets over beautiful beaches.
In reality, though, this is easier said than done. While there are many ways to save money in order to retire early or travel more affordably, few have worked for me (and most require extreme frugality). But then I discovered digital nomadism! Digital nomads move around frequently and work remotely; usually they do so online or via some other form of technology like Skype. And what's even better is that many digital nomads can achieve financial freedom through investments that are often available through programs such as golden visas and EB-5 visas—allowing them to live wherever they want!
Digital nomads are individuals who work remotely, usually online, and move around frequently.
Instead of working in an office, digital nomadism is a lifestyle that allows you to work remotely. It can be an ideal way to make money while traveling the world.
Digital nomads are usually freelancers or entrepreneurs who use technology and the internet to connect with clients and colleagues around the globe. They tend to be self-employed, often working for themselves instead of an employer.
Golden visas are residency programs that offer wealthy people the right to live in a country by investing a large sum of money.
What is a golden visa?
Golden visas are residency programs that offer wealthy people the right to live in a country by investing a large sum of money. They're not the same as golden passports, which can be purchased by anyone with enough money for the right passport and don't require any specific investment.
Sometimes a golden visa program can be applied for via investment in real estate.
In some countries, you can apply for a golden visa program by investing in real estate.
In order to qualify, you must invest at least $500k USD or its equivalent in your country's currency into real estate (the properties must be purchased from legitimate developers). In addition, the value of your purchase must increase over time so that it can be resold at a higher price when applying for citizenship.
In Portugal, for example--one of the countries with this option--you would need to purchase property worth €350k ($380k USD) within three years after receiving residency status as part of their Golden Residence Permit Program (PRG). If successful, PRG holders will receive permanent residence after five years and full citizenship after six years on top of enjoying all other rights associated with being Portuguese citizens such as healthcare coverage and tax exemptions on foreign income earned abroad during those six years before becoming naturalized citizens later down the line!
These programs are being offered by many countries around the world, including Portugal, Malta and Cyprus.
There are many countries around the world, including Portugal, Malta and Cyprus, offering Golden Visas. These programs are being offered by these countries in order to attract foreign investment and stimulate their economies.
The requirements as well as benefits vary from country to country but there are some commonalities between them all: you must be at least 18 years old; you must have at least $500,000 USD worth of assets (cash deposits or property) in your name; this amount can be increased depending on how much money you want to invest in your new home country; if married couples apply together then both partners must meet these requirements individually before applying together for a visa; once granted then applicants will receive residency permits valid for five years which can easily be extended upon request until permanent residency status is achieved after 10 years (this process takes longer than five years but it's still faster than most other countries).
The United States has recently joined this club with its EB-5 visa program, which allows investors to apply for permanent residency by investing $500,000 or more in a US business that creates at least 10 full-time jobs.
The United States has recently joined this club with its EB-5 visa program, which allows investors to apply for permanent residency by investing $500,000 or more in a US business that creates at least 10 full-time jobs.
While many countries offer golden visas and similar programs, the United States is one of the most popular destinations for digital nomads and entrepreneurs looking to relocate their businesses.
Once you achieve financial freedom through digital nomadism and golden visas, you're free to live wherever you want!
Once you achieve financial freedom through digital nomadism and golden visas, you're free to live wherever you want!
The US has recently joined this club with its EB-5 visa program. The EB-5 visa allows foreign nationals to invest $500,000 in an American business (or $1 million if it's located in a rural or high unemployment area) and receive permanent residency in return.
These investment schemes let you travel the world while building your wealth.
Golden visas are an excellent way to achieve financial freedom and travel the world. With these investment schemes, you can live anywhere you want, work remotely on your own schedule and do what you love.
For example:
A digital nomad who wants to live in Thailand can purchase a golden visa through the country's residency program. Once approved by the Thai government, this person can then get access to a bank account that allows him or her to make deposits as small as $5K without paying any taxes on interest earned within that account (in other words: no tax!). This means he or she doesn't need any extra income from side hustles or part-time jobs; he just needs an initial investment of $250K into real estate projects within Thailand's borders.*
If you're looking to achieve financial freedom, digital nomadism and golden visas are excellent options. These programs let you travel the world while building your wealth.
