4 ms·

May I ask what business you're in? I want to do something like what you're doing. I only need to make 35 - 40k to sustain my current lifestyle.

by RUG3Y 10y ago

Raphmedia 10y ago
Wow, you should totally ruin your lifestyle and join the 80k club. You could be so much happier with the extra money than with time to sleep, have friends and have hobbies! At least, you wouldn't be a poor anymore...! /s
- cylinder 10y ago
  What's amazing is how much a full time long hours job costs you. Transportation at peak hours, clothing and shoes (biz casual or suits), dry cleaning, eating lunch out, vacationing around public holidays so everything is more expensive, childcare if applicable, and all the other things you might end up automating because you don't have time (dinner delivery, laundry drop off, house cleaning).
  - majewsky 10y ago
    > the other things you might end up automating because you don't have time (dinner delivery, laundry drop off, house cleaning). That's not automating, that's outsourcing.
  - joesmo 10y ago
    Indeed, but it clearly doesn't have to be this way. My company lets me work remotely and does not have set holidays but gives employees an extra ten days or so a year to take off as they see fit. Not all jobs can do this but I'd venture to guess most office jobs could, so it really comes down to that thing employers like to boast about that they almost never have: corporate culture. I'll take this any day over the stupidity that passes for corporate culture in many companies these days.
charlesdm 10y ago
I've made a decent amount of money selling apps through the iOS and Mac app store over the last few years. Making $35-40k online shouldn't be too hard, if you put your mind to it. However, most of the projects you can make money with won't be exciting from an engineering PoV. I found it's often either 1) a cool project; or 2) a money maker. Another thing is that you need a decent amount of savings. Even if you have a product that brings in 3-5k per month, having another $50/100/200k in the bank gives you tremendous piece of mind. It also helps with potential cashflow problems. I personally don't take on debt, unless it helps me make more money (i.e. on an investment). Where are you based? Living somewhere with a low cost of living + low taxes is probably the best way to do it, so you can build up capital to kickstart an investment portfolio. For example: having $200-500k invested in the stock market will yield you, on average, 7% per year. That's $14-$35k per year. You want to be working towards a number, so you can achieve financial independence.
- RUG3Y 10y ago
  Thanks for answering. I live in a very low-cost area in the midwest. I have a pretty stable situation and most of my debts (other than mortgage) are completely paid off. As far as projects go, I've been looking into tiny projects that can return a tiny amount of recurring income, and getting some experience that way. I have yet to make my first buck on a product I've created myself.
- RUG3Y 10y ago
  Is it ok if I email you and ask a couple of questions?
  - charlesdm 10y ago
    Sure

May I ask what business you're in? I want to do something like what you're doing. I only need to make 35 - 40k to sustain my current lifestyle.

by RUG3Y 10y ago

May I ask what business you're in? I want to do something like what you're doing. I only need to make 35 - 40k to sustain my current lifestyle.

Raphmedia 10y ago

Wow, you should totally ruin your lifestyle and join the 80k club. You could be so much happier with the extra money than with time to sleep, have friends and have hobbies! At least, you wouldn't be a poor anymore...! /s

cylinder 10y ago
What's amazing is how much a full time long hours job costs you. Transportation at peak hours, clothing and shoes (biz casual or suits), dry cleaning, eating lunch out, vacationing around public holidays so everything is more expensive, childcare if applicable, and all the other things you might end up automating because you don't have time (dinner delivery, laundry drop off, house cleaning).
- majewsky 10y ago
  > the other things you might end up automating because you don't have time (dinner delivery, laundry drop off, house cleaning). That's not automating, that's outsourcing.
- joesmo 10y ago
  Indeed, but it clearly doesn't have to be this way. My company lets me work remotely and does not have set holidays but gives employees an extra ten days or so a year to take off as they see fit. Not all jobs can do this but I'd venture to guess most office jobs could, so it really comes down to that thing employers like to boast about that they almost never have: corporate culture. I'll take this any day over the stupidity that passes for corporate culture in many companies these days.

charlesdm 10y ago

I've made a decent amount of money selling apps through the iOS and Mac app store over the last few years. Making $35-40k online shouldn't be too hard, if you put your mind to it. However, most of the projects you can make money with won't be exciting from an engineering PoV. I found it's often either 1) a cool project; or 2) a money maker. Another thing is that you need a decent amount of savings. Even if you have a product that brings in 3-5k per month, having another $50/100/200k in the bank gives you tremendous piece of mind. It also helps with potential cashflow problems. I personally don't take on debt, unless it helps me make more money (i.e. on an investment). Where are you based? Living somewhere with a low cost of living + low taxes is probably the best way to do it, so you can build up capital to kickstart an investment portfolio. For example: having $200-500k invested in the stock market will yield you, on average, 7% per year. That's $14-$35k per year. You want to be working towards a number, so you can achieve financial independence.

RUG3Y 10y ago
Thanks for answering. I live in a very low-cost area in the midwest. I have a pretty stable situation and most of my debts (other than mortgage) are completely paid off. As far as projects go, I've been looking into tiny projects that can return a tiny amount of recurring income, and getting some experience that way. I have yet to make my first buck on a product I've created myself.
RUG3Y 10y ago
Is it ok if I email you and ask a couple of questions?
- charlesdm 10y ago
  Sure