What Possibilities Does Remote Work Offer?
Enjoy working from home? It's not just about avoiding a 2h commute. There's a decent opportunity to accelerate your financial freedom with remote work. These are some of the possibilities you are rewarded by going remote:
Commute
By working remotely, we avoid the commute. We get back those 2 hours, and that's great. However, thousands of people are leveraging remote work to get financially free within a decade.
That's an even greater opportunity to improve your lifestyle.
Borderless Opportunities
Going remote will grant you global access to the best jobs. Remote work allows you access to jobs anywhere in the world.
That means candidates from any country can get the highest paying jobs from companies in the UK, US, Germany, Switzerland, etc.
That means earning $100k+ salaries right from the comfort of your home, or anywhere else you wish to work from!
Work From Anywhere
With remote work, employees have the freedom to decide where to work from.
Many people are moving from expensive city centres, to regions where living costs are lower, and quality of life is better.
This includes nice weather, safe, family friendly, near the ocean, etc. While they may still be earning the same amount of income, they get the advantage of saving more. In other words, this is known as Salary Arbitrage.
Positive Impact on Developing Countries
Many people live in developing countries already. They’re enjoying lower living costs already, compared to expensive cities in Europe or the US.
However, before remote work, people living in developing countries have been subject to the local job market. And that meant much lower salaries.
With the exponential growth of remote work, anyone can:
- Land the highest paying jobs on earth, regardless of their location.
- Live in regions where cost of living is lower, and quality of life is good.
This ultimately means accumulating wealth at a faster pace, compared to counter-parties who go to the office.
Office goers will either:
- Compromise on the salary, or
- Compromise on the living costs.
This technique of working remotely from cities with lower costs of living is called Salary Arbitrage. It can lead remote workers to be financially free several years before their office-going counterparts.
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