3 ms·
The truth is, there is no 5-10 hour work week for 99% of people. Even if you make something like this person did, if you don't continue investing a lot of time
by systematical 8y ago
The truth is, there is no 5-10 hour work week for 99% of people. Even if you make something like this person did, if you don't continue investing a lot of time into it, eventually competition will break you to pieces. Why? Because your competitor is hungry and working a lot more than 5-10 hours a week.
I know this, because I've built two side income businesses, sat back and collected money only to find competitors had taken me over. They weren't big by any means but the $3,000 a month I made off one and the $1,000 a month off another was quite nice. I could've quit my job and traveled, but instead I paid down my mortgage and banked/invested the rest. This left me with a lot of money (for me). I eventually sold both businesses when I saw the writing on the wall with various competitors and industry changes.
I did end up traveling for a while though. I did that with a remote job. Sure I had to work during the day, but that left plenty of time to explore whatever city I was in at night and do bigger adventures on the weekend.
TLDR; 5-10 hour work week doesn't last.
- madeuptempacct 8y agoI experience this on a microscopic scale. When crypto was new, there was no way to get price for micro-coins, so I built a site doing that. I got a decent amount of traffic and got actively pursued by exchanges to put up ads for them. In the end, I didn't really make anything, but saw the aggressive development of similar sites as we tried to outcompete each other, in a "business" where the potential profit was maybe $100/month without growing huge. A lot of similar sites don't make money and survive on donations to this day.