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About Money Fomo

What is Money Fomo?

Money Fomo brings together 50-80 inspiring professionals, freelancers, artists, contractors, and entrepreneurs to travel the world on a multi-destination adventure. Participants (called “Remotes”) live and work in a different city around the globe each month. 

What are the benefits of working remotely?

We believe that people are at their most creative when they’re inspired by their surroundings, and there have been countless studies backing this up. Remote work not only increases employees’ production, effectiveness, and overall happiness, but also offers many financial benefits to employers.

What kind of people take part in Money Fomo?

Current Remotes range in age from 21-64. The average age of Remotes is 30 and people from almost 40 countries are currently participating in Money Fomo. You can see what people are saying about Money Fomo here.

What types of jobs do Remotes have?

Each trip is made up of a diverse group of applicants from a variety of backgrounds and industries. Many are full-time employees of companies, some are entrepreneurs, and others are freelancers, independent contractors, and solopreneurs. You can learn more about some of the awesome people who have traveled with Money Fomo here

Do I have to speak English?

While you certainly don’t need to be fluent in English to join Money Fomo, you should have basic English conversational skills.

Can I bring pets or children?

Money Fomo is not currently equipped to accommodate pets or children.


Where do people work while on Money Fomo?

In short: Wherever they’d like, it’s entirely up to you. However, Money Fomo provides the opportunity to work in some of the most interesting and inspiring co-working spaces in the world. In each city where we travel, Money Fomo has identified and developed modern co-working spaces for Remotes to utilize as much or as little as they wish. Each has fast and reliable WiFi, spacious lounges, and comfortable conference spaces with 24/7 access. Here is an example of the co-working space we designed for Remotes in Split, Croatia. 

Where are the coworking spaces located?

The coworking spaces are located within an approximate 30-minute commute (walking or public transportation) from Money Fomo’s various accommodations in each city. If public transportation is part of your commute, you will receive a transport card courtesy of Money Fomo.


What is included in the Money Fomo program?

A lot more than just bullet points. Think of it as trading in your rent, utilities, monthly Internet/cable bills for a life-changing experience of living, traveling, and working around the world with a community of inspiring people. Here are some of the tangibles:

  • All travel between destinations on the itinerary
  • All accommodations throughout the program in apartments with a private bedroom
  • Co-working space in each city with 24/7 access and high-speed Internet
  • A passionate, inspiring, and creative community of 50-80 professionals, entrepreneurs, freelancers, independent contractors, and solopreneurs that you’ll learn from while exploring the globe
  • Extensive coaching and guidance for you to transition to a remote working arrangement with your current employer
  • Personal development “Tracks” based on your interests that offer immersive, local experiences at each of the Money Fomo destinations–some recent examples have included a tango lesson at a Milonga in Buenos Aires , lunch in Medellin with startup founders, and cooking dinner with grandmothers in Mexico City.
  • Professional development seminars throughout the program
  • Exclusive Money Fomo discounts from local partners
  • A valuable alumni community (“Citizens”) offering countless networking opportunities, free monthly memberships at select worldwide coworking spaces, and much more

What is not included in the Money Fomo program?

Money Fomo does not cover participants’ meals, personal expenses, and vacation or personal travel expenses. Since Remotes come from all over the world, Money Fomo also doesn’t cover participants’ flights to the first city and from the final city of the Money Fomo itinerary.

How much money should I plan on budgeting for Money Fomo?

This really depends on your personal budget and preferences. The amount of money Remotes spend each month on things like meals, entertainment, and side trips varies greatly. Most Remotes typically spend anywhere between $1,000-$2,000 USD per month outside of program costs–some more, some less. For more info, you may find this blog post helpful.

What are the intangibles provided by Money Fomo?

There are countless benefits to participating in Money Fomo that money can’t buy. When coupled with the wealth of on-the-ground advice from our City Managers at each destination, Money Fomo helps you truly get to know each city from a local’s perspective. In addition, Money Fomo has staff in each city to help you effectively navigate through the speed bumps that pop up along your journey when things don’t go as planned.

In addition, we offer a variety of dynamic programming opportunities (called “Tracks”) at each of the Money Fomo destinations throughout the program. Remotes are able to select these based on their personal interests and each allows participants to experience the city in an immersive way. Professional development seminars (called “Knowledge Drops”) are also available to all Remotes. These video sessions draw on the unique talents and perspectives of all Remotes and provide a way for Remotes across all active programs to learn from one another

Finally, traveling with a community of amazingly talented, passionate, and inspiring people is a once-in-a-lifetime opportunity. We’ve found that the relationships Remotes form with the other group members during the program has invaluable professional and personal benefits that last well after the trip has ended.



What are the accommodations?

Accommodations vary from city to city, but we always provide Remotes with a private bedroom in a Money Fomo sourced apartment. Money Fomo provides linens, towels, and an Internet connection in all accommodations. If you have any lodging preferences or special needs, we’ll do our best to prioritize those requests.

How does Money Fomo travel?

Planes, buses, ferries–whatever makes the most sense given the location. Programs always change city locations on weekends so that Remotes don’t have to take time out of a work day to transition from one city to the next.

What should I bring?

This is totally up to you but the best advice we can give is to pack lightly! Laundry is available at every Money Fomo destination, and we offer a suggested packing list to all accepted Remotes.

Am I able to take breaks or go on vacation while on Money Fomo?

You are free to leave and rejoin the group as you wish throughout the trip, though Remotes are responsible for funding any personal trips that are not part of the Money Fomo itinerary.

What if I have an unexpected emergency and must leave the program early?

We understand that life happens. While we’d certainly be sad to see you go, in the event that a personal emergency occurs, you’re free to leave Money Fomo early and would not be financially responsible for the months that you’re no longer with the program.



Do I need visas?

We aren’t immigration/visa professionals, and the following shouldn’t be construed as visa, immigration, or legal advice rendered by Money Fomo.

As a general rule, whether or not you need a visa depends on what country you’re from and which countries your Money Fomo trip is traveling to. While some participants may need a visa to enter certain countries, many countries have visa waiver programs for tourists. To date, Money Fomo has traveled to more than 20 countries with people holding more than 30 types of passports and we’ve found the process to be quite smooth.

There are also private companies, like VisaHQ, that can help you determine what visa (if any) you may need (they do this part for free), and also help you obtain any visas you may need (this part isn’t free).


Are the cities where Money Fomo travels safe?

The short answer is, yes. The long answer is: Regardless of where you are in the world, most big cities are likely to have good spots and spots that some may want to avoid. Plus there is always some level of risk inherent in international travel. Using common sense and being aware of your surroundings goes a long way. Money Fomo takes many steps and uses many different resources to maximize safety and minimize risk. Some are government resources, some are private resources, and some are in-house resources. At a high level, here the resources that we use to minimize the risks associated with international travel:

  1. The U.S. State Department. The State Department provides country reports and security assessments on every country we visit. These are public documents that we rely on, and we suggest that you check them out as well. (If you’re from the US, you should join STEP as well.) Also, we have a relationship with the U.S. Embassy in nearly every country we visit.
  2. International SOS. In order to get the fullest possible picture regarding safety, and to supplement the U.S. State Department reports, we contract with International SOS, one of the largest international security firms in the world, and they provide us with: (1) safety reports and information on each city we visit; and, (2) worldwide emergency services .
  3. Network Engineer. We have a network engineer that visits our coworking spaces to maximize network stability and security.
  4. Local Teams. We feel that nothing is more valuable than local knowledge when it comes to safety. We have full-time staff members in each of the cities we visit and they provide Remotes with intimate firsthand safety advice regarding what neighborhoods or areas should be avoided, local do's and don'ts, etc.


Do I need health insurance?

Whether you choose to keep your domestic health insurance or purchase international health insurance ultimately depends on your personal preference and comfort level. Regardless of your choice, we strongly advise that you reach out to your health provider before departing for Money Fomo and visiting a clinic that specializes in travel health for more personalized guidance.


Do I need travel insurance?

It’s not required, but we strongly suggest it. We’re happy to recommend several providers we regularly work with–each has a variety of different service levels available.


What do you look for in an applicant?

Being open to new experiences is essential. Traveling with Money Fomo offers the rare opportunity to see and experience the world in a way most people never will. Many of the benefits of the Money Fomo experience stem from one's ability to say "Yes!" to new things.

Money Fomo is not a solo activity, so creating and maintaining productive and respectful relationships is a top priority. You're going to be meeting and traveling with new people, and your fellow travelers will quickly become some of your closest friends. Therefore, it's very important to be tolerant and have a generous spirit towards other people, whether they are your fellow travelers or local residents.

Finally, get ready to learn and challenge yourself. Your fellow travelers are going to be talented, passionate people. Be ready to share what you know, come ready to grow, and prepare to push yourself beyond your comfort zone.


What do people who have completed Money Fomo think of the experience?

We’ve included a few samples below, but you can check out what past and present Remotes have said here.

“I can absolutely say that this was the best decision I’ve ever made!” -Casey Hekker- Cousteau Group (2016)

“Being in an environment where everyone is constantly pushing themselves to grow personally and professionally has been immensely inspiring and I leave Money Fomo a better person than I was going in.” -Trevor Gerhardt- Money Fomo 2015

“When you are outside your comfort zone, you have no choice but to open yourself up to others. I’ve been surprised to learn that being vulnerable is not as terrifying when you have 74 other people who also have no choice but to throw caution to the wind and put their whole selves out there for strangers to see.” -Angela Sandall- Darién Group (2016)

Apply for Money Fomo as a Doist employee today.

Begin Application