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Where I'd live as a digital nomad on $1000 per month (or LESS) - YouTube
Channel: Sorelle Amore Finance
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(speaking in foreign language)
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My name is Sorelle Amore
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and welcome to this finance
and freedom channel.
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One of the subjects on
this channel is freedom,
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and there isn't anything
much more free to me
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than being able to live
wherever you choose to live
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or moving around as much as you want
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because your work is online.
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Ultimate freedom.
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In this video, I'm sharing
in on my experiences
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of being a digital nomad.
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And if I had to choose
some places in the world
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to live for $1,000 USD a month,
I'm gonna list them here.
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(gentle music)
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Before I get into this
video, if you are new here,
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I highly recommend that you subscribe.
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We put out videos every
Tuesday and Thursday,
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and I have to say, this
community is amazing.
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We're growing so fast.
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Thank you to everybody for being here.
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Secondly, we have an amazing newsletter,
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highly recommend on extra
exclusive information
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on all things finance and freedom.
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Lastly, we're giving a huge discount
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for lifetime access to
our new course membership
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that we have just launched
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on all things finance and freedom.
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So if you'd like to find out more,
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there's a link in the bio for that.
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I don't think I need to
really explain to you
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what a digital nomad is anymore,
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because YouTube is filled with people
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that are gallivanting the world
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and rubbing it into your faces.
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Sometimes it feels like that.
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So in this video, I'm gonna try to make it
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more possible for you if
this is a area of life
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that you want to be exploring more.
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To me, digital nomad just means
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that you have zero ties to a location.
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(sighs) The freedom experience with that,
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there is downsides to being
a (stuttering) digital nomad.
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Having been one for a big chunk of my 20s,
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I know that it is nice
to at times have roots
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and to have your own door
where you return back home
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and things are familiar.
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The country's familiar.
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You know how to operate
in those countries.
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Also, your friendship group,
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you can expand it and really
nurture that friendship group
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because when you're a digital
nomad, there are limitations.
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But the upsides are worth it.
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Even if you experience this type of life
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for a short period of time
just to know what it's like,
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because you get to
experience so many different,
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beautiful cultures, and
you get to immerse yourself
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in the beauty of humanity.
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And you see that the world
is actually so beautiful
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and everybody, most
people are really nice.
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I very rarely come across
people that are not.
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The safety levels also of most countries
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that I've ever experienced are
much higher than we're told.
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The media is one thing.
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And that's why I think
experiencing the world
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through the lens of your own eyes
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to see the truth of the
world is recommend highly.
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And I will say that I
found in my own experience
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that being a digital nomad
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is a lot more affordable than
actually living in one spot.
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I know that sounds counterintuitive.
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I might have to do a video about this
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breaking down the costs that I had
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when I was living out of a suitcase,
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and now having a full-time home.
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So if you don't have that many ties
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and you don't have to pick up
your whole family with you,
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I do think that it's actually
good value for the buck.
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Needless to say, let me share
with you some experiences
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of places I think are amazing to call home
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if you have a smaller budget right now,
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because it will make you realize
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that this is very much doable for yourself
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if you're starting out.
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$1,000 a month, learning
to generate this is doable.
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Some of the countries and places
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that I'm going to be mentioning,
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it is Leon's top suggestions.
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And then there are my top
suggestions, his and hers.
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$1,000 US a month.
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For sure, I'm not gonna say
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you're gonna have a flashy lifestyle.
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So that's not what we're aiming for here.
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It's just essentially
to give you some hope.
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If you're just starting out,
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it can give you something to reach for
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and make it really achievable for you.
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You also have to consider
that a lot of these places,
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depending on your passport,
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you won't be able to
live there year round.
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You can't just pick up
and go, and voila, done.
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It's more likely that you'll have to apply
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for a longer-term visa and
then just keep moving around
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country to country throughout the year.
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These country insights
might also be interesting
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for those people that live in
a really expensive country.
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And they're just bored of that world
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that drains their bank account
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just for existing in these places.
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I can say Iceland is one
of these places, for sure.
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It's so incredibly expensive.
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So if someone's looking
for a bit of a break
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so they can catch up financially,
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maybe moving to these countries for awhile
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would be beneficial for you.
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Remember that this is
not a one size fit all.
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You have to check what
your qualifications are
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with your passport, how
strong of a passport you have
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in order to go to these places
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and live there for a
certain period of time.
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So of course, this is just suggestions
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and you have to do your
own research, as always.
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(gentle music)
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I'm sure you're not really surprised
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that I'm mentioning Bali.
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Most people, when they
think about digital nomads,
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we automatically think Bali
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because there's so many
digital nomads over there
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because there's a reason for it.
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It is quite affordable
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and the lifestyle there is incredible.
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It's super comfortable.
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I've been to Bali many times.
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The people are so nice and it's so fun
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on the little motorbikes
going around everywhere.
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I really, really enjoy Bali.
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There are some downsides
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that I've been experiencing with Bali
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in the later times that I was going.
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Essentially, there was just
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so many tourists going there, like me.
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How dare they (chuckles).
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It was just getting a
little bit out of control
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when I was there last, especially
around the Canggu area,
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which I adored initially going there
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about five or six years ago.
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And then it just started
getting a bit too intense
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with the Australian drunkies
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going out to party all the time.
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My people are savages.
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There is something magical
about tropical living though.
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I mean, you have access
to these delicious mangoes
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for so affordable.
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The fruit there is
affordable beyond belief.
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The delicious food that they have.
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Man, they cook so well.
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You have these of course
cafes that are popping up
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left, right and center
because all Australians
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decided to move from Australia to Bali.
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And now we have in Bali an
amazing cafe scene with,
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you have avocado on toast and
the best coffees ever, mate.
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It's just a comfortable lifestyle.
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Mix that with a culture
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that's a bit more lenient
in some ways, in some ways,
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it feels like you can just
be a rebel and live large.
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The other upside is that it's quite easy
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to get a long-term visa in
Bali for most passports,
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but just watch out for the temptations
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that you have over there
of partying nonstop
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and just spending way too much cash
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on all these flashy things.
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And whilst I do believe
that the price of Bali
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is going to continue to go up
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because all of the foreigners
are flocking there,
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I do think that you can still live there
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for about $1,000 a month
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if you just move out of
the touristy popular areas.
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Of course, because there's so
many digital nomads in Bali,
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the internet speed is great
and readily available.
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Riga, Latvia.
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This would be Leon's top choice
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if he had to live somewhere
for $1,000 a month.
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We went to Latvia a few years
ago, kind of by accident.
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My mom, she was really excited
to go there, and we went.
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Leon was a bit wary.
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He wasn't sure why mom would choose to go
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to this tiny little country in the EU
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that not many people know about.
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If you don't know, it's a
country in the north of Europe,
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on the Baltic Sea, and it is
between Lithuania and Estonia.
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But it is kind of weird how
quiet people are around Latvia
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because it's actually
a phenomenal country.
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If you want to have that European vibe,
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this is a country you want to explore.
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The internet speeds here are incredible.
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The food, if you like heavy European food.
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For sure, I grew up with
this and so did Leon.
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Polish background,
Austrian German background.
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So we love this kind of food.
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Most people also speak
really good English here.
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The people are incredibly
polite and so nice
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and so switched on,
like really switched on.
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Riga has a lot of that Soviet charm,
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but also it is a beautiful area downtown.
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It is magic.
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You feel like you're stepping
into a different time zone.
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We personally only experienced
this during winter.
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So we've heard that it's
extremely green during summer,
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but we had a great time, even in winter.
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It does get brutally cold there in winter.
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So you have to keep that in mind.
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Secondly, it doesn't exactly
have the tropical feel.
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So if you're looking for that,
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this wouldn't be the best place for it.
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Also, if you don't have an EU passport,
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you'll only be able to
live in Riga, Latvia
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for 90 days out of 180 days.
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Or every 90 days that you are in Riga,
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you'll have to leave the EU for 180 days.
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So that's the downside,
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but it's okay if you're
willing to move around a lot.
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I mean, 90 days, it's still three months.
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You can experience a lot in three months.
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But with all the amazing
cafes and co-working spaces
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and a really, as I
said, switched on crowd,
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I think it'd be quite easy to
meet amazing individuals here.
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So it's a good choice.
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Costa Rica, baby.
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I love Costa Rica.
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I had the pleasure of
experiencing this country
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a few years back and I went, funny enough,
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during the rainy season and
it was (lips smooching) magic.
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It rains a lot, but only during
a certain period of the day.
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And you can just lie in a
hammock and enjoy yourself
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while listening to the sound of rain.
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It's pretty spectacular.
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It's really warm most of the year.
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The downsides of Costa Rica,
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I think it actually would
be a little bit hard
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to live off $1,000 a month there.
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I don't think it's the
most affordable place.
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I think you would be
scraping by a little bit
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because there are so
many people going there.
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It is a really popular place to be.
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Especially if you are in
that section of the world,
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Costa Rica is a very easy place to go to
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because they are very
welcoming to foreigners.
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You do encounter a lot of
English speakers there as well.
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So nothing really uncomfortable.
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For people that are most
used to experiencing
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say like the UK or Canada
or Australia or America,
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this country in the South Central Americas
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is the least culture shock I think
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because it is very nice and
comfortable to be there.
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The standard of living is very high.
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But if you love the Spanish culture,
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I think there's something here.
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Bali was very much Asia, obviously,
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but this is just that more
rich culture of dancing
[549]
and expression and spirituality
on the deeper levels.
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It feels very sensual
in a way, this country.
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It's the way I could think to describe it.
[558]
And also, the internet
speed is very, very good
[561]
in Costa Rica in most places.
[563]
Istanbul, Turkey.
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This would be Leon's second pick.
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I personally have not yet been there,
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but I'm very excited to go.
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Leon has been there once
before and he loves it.
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He thinks it would be
absolutely an amazing place
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for people to live there on
a budget of $1,000 a month.
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Istanbul is situated
between Asia and Europe
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over Turkey's Bosphorous Strait.
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Basically, you could choose
to live in Asia or Europe,
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depending on what part
of the city you live in.
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For Leon, it's the food
and it is the culture.
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Istanbul is one of the
oldest cities in the world
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with over 1,000 years of history.
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Leon adores the ancient architecture,
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the mosques, the history,
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but he says that the food there
is absolutely exceptional.
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It's one of his favorites.
[600]
He cooks a lot of Turkish food for us,
[602]
which is amazing for me.
[603]
You can eat extremely well
on a really low budget.
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A ton of people speak English in Turkey
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and the internet speed
apparently is very, very good,
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so perfect for the nomadic lifestyle.
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And for $1,000 a month,
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you would absolutely have a great budget
[616]
in order to have your own apartment
[618]
or a cute little Airbnb in
order for you to live in.
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With your budget, it would
cover the food, the transport,
[623]
and entertainment every
now and again as well.
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And Leon has said that it
is some of the best coffee
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that he's ever had in his
entire life from Istanbul.
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The downside that he has given me
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is that it is not a tropical lifestyle,
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so you're not gonna be sitting around
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in a bikini on a beach.
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But you can do that
other times of the year.
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So it is about diversifying
your experiences
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as a (stuttering) digital
nomad because you're able to.
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Finally, I would be battling
between Mexico and Tanzania.
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Tanzania, I went last year
[653]
and it was just a spectacular experience.
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I was in Zanzibar and Arusha.
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To me, Zanzibar is the ultimate
turquoise water paradise.
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The internet here, not so good,
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but it is definitely affordable.
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Africa is one of the places
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I want to really experience a lot more of.
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I think the culture there is so rich
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and there's just so much wisdom
to be found in these areas.
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So I would love to spend
more time in Tanzania.
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There is an extremely laid
back atmosphere in Zanzibar.
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It is not high vibes or fast paced at all.
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If you are all about
lounging on the beaches,
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and extreme heat, and
bungalows, and lots of bugs,
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then this place would be the one for you.
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And Mexico, I'm only mentioning it
[693]
because there are places
around the coastal area
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where a lot of digital nomads go.
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It is a hub for digital nomads.
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When it comes to the safety,
[700]
and some people might be
like, wary about that,
[702]
but there are areas
[703]
where there's just so many digital nomads
[705]
and they stick together in one hub.
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I'm not sure if I'd choose Mexico myself
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because I'd feel like I
wouldn't be experiencing
[711]
the culture there as much
because I think the nomads
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just stick together like
cheese and crackers.
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Whenever I am traveling,
I personally want to know
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what it's like to actually live there.
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And that means immersing
myself with the locals as well
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and the actual culture of it,
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not just, oh my God, here with a cocktail.
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Woo, let's go party with my friends
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that are not actually from here.
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So that's the downside of Mexico for me.
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I'm just gonna give you a
few more recommendations,
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not personally from my experience,
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but because they are very well-known
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to be digital nomad hubs.
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And it would be a disservice
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if I don't mention these
options for you as well
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if this lifestyle is something
[743]
that you're currently researching.
[745]
Tblisi, Georgia.
[746]
So we're talking about
Georgia the country here,
[748]
not the Georgia state in the USA.
[750]
Leon and I have not been here,
[752]
but we can't wait to go there.
[753]
It is so popular on the list
for nomads to go and explore.
[756]
So this is why we have to get there,
[757]
not only because apparently
the internet is amazing,
[759]
but they have great online
services for online banking,
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payment processing, modern infrastructure.
[765]
This country I think
has made it a priority
[767]
to make sure that digital nomads come here
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and they spend their money there.
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The country has made it very
easy for small entrepreneurs
[774]
to go and essentially
permanently live in Georgia
[777]
on a few residential permits.
[778]
And the tax rate for entrepreneurs
is super low at just 1%.
[781]
For the purposes of this
video, it doesn't really matter
[783]
because we're talking about being a nomad
[785]
and moving around the world.
[787]
However, if you're looking
for a more permanent base,
[789]
Georgia could be the country.
[790]
Also, it is beautiful.
[791]
It looks incredibly beautiful.
[793]
Apparently the wine there is the best
[795]
because they claim that maybe potentially
[797]
wine was actually invented here.
[799]
And apparently it's also extremely
affordable to live there.
[802]
So you can live it up for your budget
[805]
of $1,000 US a month.
[806]
El Salvador.
[807]
I actually really love El Salvador.
[809]
I've gone multiple times now.
[810]
I would have put this
on the list up higher,
[812]
but it needed its own little bracket
[813]
because there's something very
exciting about El Salvador.
[816]
It looks like El Salvador
is trying to become a haven
[818]
for cryptocurrency holders.
[820]
Recently, the government has made Bitcoin
[822]
an official legal tender,
[824]
so you can actually pay
for things with Bitcoins.
[827]
It is just as valid as the
other currency in El Salvador,
[830]
which is the US dollar.
[831]
Furthermore, you can
actually apply for residency
[834]
in El Salvador if you have three Bitcoins
[836]
or the equivalent of that.
[837]
You can see that El Salvador
is trying to make this country
[840]
a lot more appealing to stockholders,
[842]
to traders, to digital nomads.
[844]
I think it's a great step for the country.
[846]
It is an amazing country.
[847]
I thoroughly enjoy my time there.
[849]
A lot of people have
concerns with the safety,
[851]
which I know they've
been really trying hard
[853]
to mitigate that and fix this problem.
[855]
I personally felt very
safe in El Salvador,
[857]
but I was in a nice
little area of El Salvador
[859]
with a lot of amazing local
friends that are there.
[861]
So I felt really, really great there.
[863]
Do you want to speak Spanish?
[864]
You will have to speak Spanish.
[866]
But that's an easy language to learn.
[868]
It's also a bit of a culture
shock, which I always love.
[870]
If you're not someone that likes to feel
[872]
a little bit of a culture shock,
[873]
then I wouldn't use this
one as the first country
[876]
that you go to because the
way that people operate,
[878]
it's just a really laid back environment.
[880]
People don't necessarily
care so much about the rules.
[883]
The food there is incredible though.
[886]
The waves there are incredible.
[888]
If you're a surfer, it is a vibe.
[890]
It is such vibe.
[891]
You feel like the coolest
person alive just being there.
[894]
I love it.
[895]
The skating scene there is amazing.
[896]
The Brazilian jujitsu
scene there is amazing.
[898]
The surfing scene.
[899]
There's a lot, a lot on
offer in this country,
[901]
and the people are incredible.
[903]
Sha right, that's it for this video.
[904]
Thank you so much for watching.
[906]
Which country do you think you would be
[907]
so inclined to go to?
[909]
Also, if you have extra countries
that you would recommend,
[912]
if you're a digital nomad
or you've experienced it,
[914]
please let us know down below.
[915]
I would love to know myself
[916]
because I cannot wait to
go traveling again soon.
[921]
It's gonna be really nice just
to feel what it feels like
[923]
to be a digital nomad again.
[925]
I'm really excited for that.
[927]
I've chosen to not travel
much in the last 12 months,
[929]
which has been a shock to the system,
[931]
but I've learned a lot about myself
[933]
and also gave us the opportunity
to start new ventures,
[935]
like this YouTube channel
[936]
that you are such a huge supporter of.
[938]
Thank you so much for liking
commenting, subscribing.
[940]
It's great to have you here.
[942]
Just a reminder, we do
have that amazing presale
[944]
going on right now for
our course and membership.
[946]
I highly recommend you check that out
[947]
if you'd like to get a huge discount
[949]
for lifetime access, and
I'll see you in the next one.
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