The Nomad on FIRE Podcast | Sharon Tseung | Owner of DigitalNomadQuest | Episode #28 Shownotes
Guest Bio
Sharon Tseung is the owner of DigitalNomadQuest. She quit her job in 2016, traveled the world for 2 years, came back to the Bay Area, and ended up saving more money and building over 10 passive income streams on her digital nomad journey! On her blog, Youtube channel, and podcast she teaches others how to do the same. Learn how to build passive income and create financial and location independence!
Links Mentioned
Show Notes
- Sharon shares her background 00:36
- Did she have good savings before she started as a digital nomad? 04:11
- What general tips does she have for beginners seeking passive income? 06:33
- Are there any passive income streams that she has changed her mind about? 08:16
- Sharon shares advice on out-of-state real estate and the stock market 13:15
- Where are some of the places that she went to when she started as a digital nomad? 16:10
- Sharon compares the digital nomad lifestyle to being more firmly stationary. 18:30
- What does the future look like for her? 26:00
- What advice does Sharon have for people to find work-life balance while pursuing passive income? 31:10
- What is a new beneficial habit or routine that has had a positive impact on her life? 35:36
- Sharon shares what a perfect day looks like for her 38:51
- Take action with passive income and the digital nomad lifestyle 41:50
- Connect with Sharon Tseung 44:02
Significant quotes
- “I actually thought this was a financially sound decision to leave because of geographic arbitrage and stuff like that. I knew I would be able to cut down my expenses. I ended up spending around $1,400 a month for 2 years of travel.” 05:08
- “My tip is figuring out how much capital and time you have and then seeing which income stream matches that, as well as figuring out your strengths and your passions.” 06:53
- “When it comes to finding the place you want to invest in you should look at things like crime rates, job growth. So you compare the growth from a while back and then seeing the percentages and kind of comparing all the different cities.” 13:15
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