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In today’s email:

Up Front: Fierce Finances: Do This BEFORE You Go

Nomad Hack: Prime Day Deals Y’all!

Resources: Two Great Investment Trainings

UP FRONT:

Fierce Finances: What to Do Before You Hit the Road

Ready to take off and explore the planet on your own terms?

Not so fast, grasshopper!

Let’s be sure that you’re in shape before you go. Just as you want to get toned for your summer beach body reveal, or get your legs in shape for ski season, you’d better prepare for your life as a PrideNomad.

Here are essential steps to get your finances in order before you start your global trek.

1. Obtain Local Currency

Before you leave, make sure you have some local currency for your destination. Although many places accept credit cards, having cash on hand is crucial for immediate expenses, such as transportation, tips, and places that don't accept cards. Use a currency exchange service with low fees, or withdraw cash from an ATM at your destination (our choice) to get a better exchange rate.

Note that the local currency may not be what you expect. For instance, before my first visit to Myanmar, I discovered that they only accept crisp, brand-new US dollars—and that I’d better bring a lot of them, as there were NO ATM’s in the country. I’ll share the story of what happened when I ran out of those dollars another time!

2. Notify Banks of Travel Plans

Notify your banks and credit card companies about your travel plans to avoid issues accessing your funds abroad. If you don’t, you risk having your accounts flagged for suspicious activity, which could temporarily freeze your access to cash and credit.

3. Pack a Backup Credit Card Separately

Always have a backup credit card in case your primary card is lost, stolen, or compromised. Pack it separately from your main wallet to reduce the risk of both being lost or stolen at the same time. Choose a card with no foreign transaction fees and is widely accepted internationally.

4. Plan Your Budget for the Duration of Stay

Create a comprehensive budget that accounts for all potential expenses, including accommodation, food, transportation, insurance, entertainment, and unexpected costs. Track your spending to ensure you stay within your budget. Use budgeting apps like Mint or YNAB to help manage and monitor your finances.

5. Research Local Tax Implications of Remote Work

Working remotely in different countries can have tax implications both in your home country and in the countries you visit. Research the tax laws of your destination countries to understand your obligations. Consider consulting with a tax professional who specializes in expat or digital nomad tax issues to avoid surprises.

6. Open an International-Friendly Bank Account

Choose a bank account that offers benefits for international travelers, such as low or no foreign transaction fees, access to a global ATM network, and efficient online banking services. Banks like Charles Schwab and Revolut offer accounts tailored for travelers and digital nomads. For Americans, Mercury now has personal accounts, which offer rebates on ATM fees anywhere in the world.

7. Secure Reliable Health and Travel Insurance

Ensure you have adequate health and travel insurance that covers medical emergencies, trip cancellations, and lost or stolen belongings. Look for policies that offer global coverage and understand what is included and excluded in your plan. We’re big fans of SafetyWing but do shop around.

Consider a remote doctor service (we’ll be announcing a service specifically geared for our PrideNomad community shortly—stay tuned!) to have 24/7/365 access to a doctor when you need one.

8. Set Up an Emergency Fund

Having an emergency fund is crucial for you. Aim to save at least three to six months of living expenses in reserve before you travel. This fund will provide a financial cushion in case of unexpected events, such as job loss, medical emergencies, or urgent travel needs.

9. Automate Your Finances

Automate your financial tasks such as bill payments, savings contributions, and investment transfers. This will help you manage your finances efficiently while on the move and ensure you don’t miss any critical payments. Keep in mind that time zones may differ from where your payments are due, so avoid leaving things to the last minute.

10. Monitor Exchange Rates

Keep an eye on exchange rates and use tools like XE or OANDA to get the best rates when converting money. This can help you save a significant amount over time, especially if you’re traveling to countries with volatile currencies. FYI—NEVER let a retailer or ATM do a currency conversion for you—always let your home bank do it.

11. Consider Multiple Income Streams

Diversifying your income streams can provide financial stability and confidence. Look into freelance work, remote employment, and passive income sources such as investments (we have a couple of resources below for you), rental properties, or selling digital products.

12. Join Digital Nomad Communities

Connecting with other digital nomads (even if they’re not part of our own PrideNomad universe) can provide valuable insights and support. This can be a priceless lifeline for you should things get “challenging” for you (remember the Myanmar money situation from above? I had a local resource to help get me through the challenge. This is critical for you!).

13. Backup Important Documents

Ensure you have digital and physical copies of important documents such as your passport, visas, insurance policies, and financial records. Store these in a secure cloud service and carry physical copies in a separate, safe location. Keep photos of them in your phone for immediate access.

The Bottom Line

Financial preparation is the foundation of your thriving PrideNomad lifestyle. By saving ahead, diversifying your income, creating a budget, understanding tax implications, and taking practical steps to secure your finances now, you can enjoy the freedom of working and traveling the world without financial stress. And when you do that, you’ll be the envy of all your friends!

Oh…and when should you get started? How about yesterday?

What are your thoughts on this? Respond to today’s email and let us know!

SPONSORED MESSAGE

Turn the world into your playground! Master Travel Hacking & Build a Global Empire 🌍

In this course you’ll discover how PrideNomad Ally Danny Flood has traveled the world for the last 14 years as a full-time freestyle traveler, using a particular strategy to build thriving businesses along the way… Grab it now and score a 20% discount plus special bonuses (below) when you click here. Just be sure to send us your purchase confirmation so we can get them to you.

NOMAD HACK:

Prime Day Deals

It’s Amazon Prime Days again, so it’s time to grab some fab savings. Here are some of the cool things you might want to consider right now:

Zero Eye Pressure 3D Sleeping Mask

Forget everything you know about sleep masks—this one is a game changer. Designed with luxurious 3D contoured cups, it’s the most comfortable sleep mask you’ll ever own. No more pressure on your eyes and complete darkness for that blissful sleep you deserve. Sure, you can use the free ones that you get in business class, but these are better. Perfect for flights, chic hotels, or just unwinding at home, it’s your ticket to undisturbed beauty sleep. Grab yours for just $16.99 and save 41%!

Gay Science: The Totally Scientific Examination of LGBTQ+ Culture, Myths, and Stereotypes

Comedian Rob Anderson examines queer stereotypes and LGBTQ+ culture with humorous explanations borrowed from real principles across multiple fields of science.

Class is in session, babe! Discover the inner workings of the LGBTQ+ community with this humorous and informative book. Rob borrows the familiar science textbook format to skewer ridiculous queer stereotypes with his own version of science. Today the hardcover version 18% off AND there’s even a 30% off coupon, too! Get it here »

FYY Travel Cable Organizer Pouch

Keep your tech essentials organized with the FYY Electronic Organizer. This waterproof travel case is a must-have for storing cables, chargers, headphones, and more. Perfect for the beach or poolside, you won’t have to worry about a single splash ruining your trip. With multiple compartments, a sleek design, and over 20 colors and sizes to choose from, it’s the ultimate companion for any traveler wanting to keep their gadgets tidy and protected. And at 40% off, now just $7.85 (regularly $12.99), this Amazon best seller is a steal!

Portable-Charger-Power-Bank - 40000mAh

You won’t believe this deal—this high-end portable charger is a whopping 79% off! If you’re hustling on the go, you know how quickly your battery can drain. This powerhouse, with its massive 40,000mAh capacity, ensures you’ll never run out of juice, no matter how long your adventures last. It can boost your battery from 20% to 60% in record time. Plus, its sleek design and built-in flashlight make it incredibly convenient. Regularly $189.99, now just $38.99 for a limited time. Seriously, this is insane

Universal Handsfree Phone Mount

Transform your travel experience with the MiiKare Universal Airplane Phone Holder Mount. This game-changer lets you watch your favorite shows and movies hands-free with its dual 360-degree rotation. Whether you’re flying high or working at your desk, this compact, pocket-sized gadget keeps your phone perfectly positioned. No more awkward phone holding – just pure, comfortable entertainment. Grab yours for just $9.44 (save 27!) on Amazon and make your next flight the best one yet!

Compression Packing Cubes

If you want to pack like a pro, these Bagail Compression Packing Cubes are your new best friend. Rarely on sale, so snatch them up while you can! These expandable organizers are true game changers, compressing your clothes to fit more in your bag and reducing bulk. Say goodbye to chaotic luggage and hello to neat, organized packing. With a variety of sizes and colors, they’ll make your travel prep a breeze. Grab a set of 4 for just $16.98 (save 37%!) and take your packing game to the next level! Oh, and if you’re impatient, you might even get Prime same day delivery!

Wet Platinum Silicone-Based Lube

This a consumer service 🙂. Wet Platinum’s water-resistant formula ensures uninterrupted pleasure, even in the shower. Plus, the 3-pack of 3-ounce bottles is TSA-friendly, so you can take your fun on the go (no, we don’t mean to use it to join the mile-high club!),

Elevate your sensual play for just $23.49 (saving you 23%!). Get yours now and enjoy!

Apple AirTags

We’re huge fans of Apple AirTags, but let’s be real – But we’re not about paying full price. Luckily, they’re 17% off right now! These sleek and discreet tags are perfect for tracking your most important items. If you check your luggage, they’re an absolute must-have. With precision tracking and the Find My app, you’ll have peace of mind knowing exactly where your belongings are. The 4-pack is just 10% off—but if you don’t need 4, pick up one or two for great savings!

RESOURCES:

We’re big believers in diversified income generation, and as PrideNomads, we want to work less and play more…so we enthusiastically advocate that you consider investing (wisely) in a variety of areas.

Two of our favorites are below (with deals just for us!)

The Crypto Mastermind. This program, by long-term friend John Limbocker is a gift to us. John wants to get you educated about the right, safe way to invest in the crypto markets. He’s making an irresistible offer to the PrideNomad community.

Access the Crypto Mastermind here»

The Surprising Real Estate Strategy. We mentioned this one recently, and it’s a unique and timeless strategy to help you create significant income streams.

Watch the presentation here »

Coming Soon

As PrideNomads, choosing destinations that align with our values and offer security is crucial for a fulfilling and enriching travel experience. Whether you’re exploring the top-ranked nations or considering travel within the U.S. or Asia, be aware of any potential risks. We’re developing some travel tools that will help you “know before you go” and craft incredible itineraries in some of the most welcoming LGBTQ+ countries on the planet.

It’s coming soon!

Quiz Answer

NOTE: Some of the links we provide may be affiliate links, which may potentially generate a referral fee to us. That’s one way we’re able to keep PrideNomad available to you at no cost. Rest assured that we only recommend providers who we feel can deliver great value to you.