When is the right time to quit your job and become a digital nomad?
The essential item is how much money you have, but there are others
This post is complex but fundamental about this new life. So I will be as enlightening as possible.
Only you will know precisely when you must quit your job, but there are a few factors to consider. The essential item is money. In my case, I had money to spend two years without adding a penny to my account and maintain a standard of living similar to what I had before (and from now on, I started to save a lot more).
For me, two years is an okay period to experience this digital nomad life. I can get tired of it in six months or want to do it for another ten years. So do your financial math and think about how much time you initially imagined in this life.
However, I want to keep this money. So, another fundamental step is already having some future remuneration forwarded. I already had some conversations in advance. With that, I will have an income to pay my housing and food expenses in the first few months.
It's okay if you want to take a sabbatical period. Or dedicate yourself to personal projects that will only bring you remuneration much later. Remember that everything is expensive, and the money disappears quickly, no matter how economical you are. Consider taking a project if it comes your way.
Another critical answer to the question in this text is how tired you are from your job. In any job, we deal with situations we don't like. At times, however, the issue becomes unsustainable. I realized that I was discouraged after I was obliged to go four days a week to the office.
Some say you shouldn't resign if you're at a high point in your career. I disagree:
Feeling down for other reasons (such as working face-to-face) will affect all areas of your life.
If traveling the world or becoming a digital nomad is a dream, you should go for it.
If you have the competence to grow within the company, you will be able to create projects that give you a return, or your network of contacts tends to be so large that there will be no shortage of freelance jobs.
Finally, the last relevant aspect is family. Having children to raise already makes the situation much more difficult (although not impossible. There are couples of digital nomads who spend a season in each country or city and then move; it is necessary to keep in mind that, for children, changes are complex once they get separated from their friends).
If you're in a relationship, maybe the other person doesn't want to be nomadic. Then choices will need to be made.
Many crave age as a factor that also determines nomadic life. Honestly, I don't see it as a problem. You can be in your 20s, 30s, 40s (and why not 50s) and want to start a different life. Each one knows when is the appropriate time.