White Mountain Partners Shares Why You Should Work to Pay Your Debts and Bills But Also Travel in the Process
Many employees seek to get out of the proverbial “rat race”. Since technology gives us the benefit of achieving a better work-life balance, it is possible to now work remotely while enjoying the chance to travel. Interestingly, there has been a growing demand for remote work:
- 50% of Americans have done most or part of their work remotely.
- The ability to work remotely is increasingly becoming a non-negotiable for job applicants.
- 66% of companies allow remote work, and 16% of companies are fully remote.
- Remote work is a viable, affordable option both for employers and employees.
White Mountain Partners, a highly respected financial advising company, suggests that people who want to get out of debt should seek remote work opportunities. By doing work remotely, employees can better succeed in financial independence and maximizing their time. Below are some insights on why you as an employee should do this, and what are the ways to get started.
White Mountain Partners Shares Why You Should Work to Pay Your Debts and Bills But Also Travel in the Process
Working remotely gives you the chance to manage multiple clients.
Many remote workers are also freelancers. Freelancers have the opportunity to scale their income by increasing their client base. White Mountain Partners suggests that adding more clients while remaining flexible is a great way to reduce your debt.
Some of the ways freelancers can increase their client base are:
- Pitching their services to leads looking for freelancers: Freelancers can go to online job boards to pitch their services. For example, a company looking for a remote web developer or writer may be interested in your freelance work. All you need is to provide a quality portfolio and go through an online interview when necessary.
- Applying on websites for freelancers: There are also websites such as Fiverr, Upwork or Freelancer.com where you can meet clients looking for those who can get the job done remotely. If pitching is not something you want to do, you can easily reach potential clients through these kinds of websites.
- Asking for referrals: You may ask family and friends to refer you to people looking for remote workers.
Working while traveling can be cost-effective as well.
If you succeeded to find remote work in a high-paying country, while living in a place with a low cost of living, this can allow you to save more of your income to pay your debts and bills. Many American workers are now living in places such as Thailand or the Philippines while earning dollars. Since the cost of living is cheaper in these places, their salaries can be comparable to higher-income people in those countries.
What does this mean?
- They can save more money: Remote workers now have the chance to save money to pay their debts, while paying fewer expenses on food, rent, and other daily purchases.
- They can spend less while living a comfortable life: Low cost of living also means you can buy things for yourself and live a comfortable life without hurting your budget. Some remote workers who earn minimum wage in the US can still have a car, a comfortable home, and enjoy occasional traveling while living remotely.
Working while traveling gives you a fresh perspective.
On a personal level, traveling provides people with new ways to look at their life. When you’re in the same place with the usual routines, things can seem more stressful than they really are. Traveling helps you to appreciate your current state, enjoy the company of other people, and come alive with the new things you may experience.
Working and paying your debts and bills may feel like a necessary burden, but they are more enjoyable when you incorporate traveling. Follow these strategies for a better income and time balance in your career life
