Digital nomad

You can't really force people to live in specific locations, I know, but um, there, there could be some kind of mechanism to help tech, tech talent relocate here, especially tech talent we found that already has jobs.

So one of the programs that Canada, I, I actually recommended and they created, but they didn't do it as well as I would like to, is a digital nomad visa.

Uh, essentially it has turned into a, a glorified visitor visa, like a tourist visa, where there's no real path to permanent residency and actually having someone live here long term.

That's actually a whole 'nother problem.

Um, or, um, that, that things were smooth, processing times were good.

Um, yeah, I, I would just move to, go back to that.

Uh, and then if I would a- have to add one thing, uh, probably would be, uh, the digital nomad visa.

So a lot of countries, um, have these digital nomad visas if you're making at least, let's say $5,000, whatever the number is.

So I had to let the work visa expire once it gave me an answer.

But I was able to apply for Spain's digital nomad visa with the new job I had.

So that is that is the visa that I'm on

now, actually.

Yeah.

So it's been a journey from student visas, master's program.

and then changed to the Digital Nomad residency.

Yeah, so it's been an interesting journey.

And I wanted to start off with this hypothesis because there will be a side of the story where we are proven right or wrong.

So we came in thinking that a lot of like freelancers content creators around the world, like Digital Nomads, would find this product really useful because they are getting paid in either US dollar or stable coins.

They might not have a bank account.

And even if they have a bank account, they are subject to high bank fees and the latency is high.

The sweet spot for a couple wanting a nice but not lavish trip sits right around $250 to $320 a day, all in.

Finally, we evaluate the Digital Nomad monthly budget, which runs between $1,600 and $2,600.

Okay.

That includes a central one-bedroom rental for $700 to $1,100.

Coworking space or consistent cafe spending is $120 to $200.

Transit is $40 to $60, and entertainment plus a buffer is $300 to $500.

I have to pause on those digital nomad numbers because $1,600 to $2,600 a month sounds like a typo for an EU capital.

You are getting fast fiber internet, full Schengen access, and a dense cafe culture.

But I'm ready to settle down.

And I've been doing the Digital Nomad for almost three years.

I've been living out of four toads out of my vehicle.

I know I know that sounds tragic and exciting.

Entonces, dependiendo de la estrategia fiscal que vais a elegir, os vais a elegir una u otra residencia.

Os vais a mover por una residencia no lucrativa o por una residencia de 'digital nomad' o por otra residencia de altamente cualificado, dependiendo de lo que queréis.

Porque el régimen de Beckham Law tiene, aaah, también sus puntos.

Es decir, no cualquier persona que venga aquí puede simplemente acogerse a Beckham Law.

Y hay otra ley que es, que tiene alrededor de unos doce o trece años, eh, en la que recoge una serie de residencias especiales que se van creando a medida que el Gobierno va viendo que es necesario crear nuevas residencias.

Y precisamente, eh, como resultado de, de, de estas cambios, ¿no? De, sobre todo tecnológicos que, que se van produciendo, el Gobierno, eh, consideró que era necesario, dentro de esta ley especial, crear una residencia especial, ¿vale? Con sus propias, eh, requisitos de tramitación, eh, de procedimiento y que, eh, finalmente son digamos, eh, procedimientos más cortos, eh, para las personas que quieren trasladarse a España.

Esta es, eh, Nómada Digital o Digital Nomad, ¿no? Conocido coloquialmente.

Eh, esto es el resultado de todo este proceso que está habiendo en el mundo, ¿no? De personas que trabajan a través de medios telemáticos, de medios tele, eh, electrónicos, ¿no? De ordenador, desde, desde el móvil, celular, ¿no? Como, como decir, como se dice allá.

Welcome everybody to the Digital Nomad Experts podcast by Beach Commute.

Today, we're going to answer the question, does being a digital nomad make you happier? This topic came up because Marissa found a, I think it was an Instagram reel that you sent over to me.

I had a shocking statistic in it that I still don't quite believe.

And I'm not exactly sure where the number came from.

It's too high.

It's like it's too strong of a case to be a digital nomad.

So we're going to talk about that.

I'm going to let you take over and explain what you saw in that Instagram reel.