Travel Chat with Ashley & Emily Digital Nomad Life- Revisited
Sep 17, 2024
The hosts delve into the complexities of the digital nomad lifestyle, highlighting Ashley's reconsideration of her nomadic journey. They tackle the logistics of managing a business without a stable U.S. address and discuss the advantages of having a home base for health care and important events. Ashley shares experiences with virtual mailboxes and the headaches of property management while away. The conversation takes an intriguing turn as they explore unconventional yet profitable business ideas that could support a nomadic life.
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Banks Struggle With Digital Nomads
- Ashley struggled opening business bank accounts while nomadic because banks flagged her lack of U.S. address as suspicious.
- A Wells Fargo rep could not grasp she ran a U.S. business from Malaysia and treated her situation like a red flag.
Keep A Reliable U.S. Address
- Use a stable U.S. address if you rely on formal mail, bank accounts, or health insurance.
- Virtual mailbox services work for some bills but often get flagged for official documents.
Considering Property And Renting Assets
- Ashley considered buying property to keep a U.S. base while renting it out when away.
- She debated renting her Audi on Turo instead of selling to avoid a financial hit.