I Interviewed Over 500 Expats to Discover How They Make a Living Abroad
Living as an expat is a dream that many individuals aspire to fulfill. It offers the opportunity to experience new cultures, explore different landscapes, and build connections with people from all over the world. However, one significant concern before making the leap is how to make a living while residing in a foreign country.
To shed light on this crucial aspect of expat life, I conducted extensive interviews with over 500 expats to gain insights into their diverse employment situations. Here are the key findings from my study:
1. Remote Work: Unsurprisingly, the rise of technology and remote working has revolutionized the expat job market. A majority of those interviewed (around 40%) mentioned that they work remotely for companies in their home countries or as independent freelancers. This allows them to maintain their existing careers while enjoying the benefits of living abroad.
2. Teaching English: Teaching English as a second language remains a popular choice among expats. Approximately 25% of those surveyed cited this as their primary source of income. Many countries, particularly in Southeast Asia, have a high demand for English teachers, providing ample opportunities to secure employment.
3. Entrepreneurship: A notable percentage of respondents (around 20%) revealed that they had started their own businesses or pursued entrepreneurial ventures in their host countries. These ventures ranged from opening restaurants, cafes, or guesthouses to providing specialized services like yoga instruction, tour guiding, or consulting.
4. Remote Consulting: The gig economy has opened avenues for expats to work as remote consultants in various fields. About 10% of those surveyed mentioned using their expertise in areas such as marketing, finance, or programming to secure remote consulting contracts.
5. Job Transfers: Many expats continue their careers by transferring to a branch of their multinational companies in their host country. This option was highlighted by approximately 5% of the expats interviewed. Often, these individuals were granted relocation packages to support their move and ensure a smooth transition.
6. Local Employment: Although less common among the respondent group, some expats pursued employment within the local job market. This option required adapting to the local language and work culture, but it allowed for a more immersive experience. Examples included working as engineers, doctors, or other professionals in diverse fields.
It’s important to note that some expats diversify their income streams, combining multiple sources to make a living abroad. For instance, an expat could work remotely for a company, teach English part-time, and also run a small side business.
Overall, this survey shows that there are numerous paths available to expats seeking to earn a living abroad. The world of work is evolving rapidly, and technology has made it easier than ever to find opportunities outside one’s home country.
If you’re considering becoming an expat, take some time to reflect on your skills, interests, and the market demand in your chosen destination. With a bit of research, planning, and determination, you can find a rewarding way to support yourself while exploring the world as an expat.
FIND: Turnkey Businesses
LEARN: How To Make Money Online
HOW TO: Work From Home
REVEALED: Online Business Ideas
