4 ms·

$25k USD monthly, is $300k a year. Not bad, if it keeps running on autopilot for a few years. Say, you can keep it running for 3 years. This is close to $1 m

$25k USD monthly, is $300k a year. Not bad, if it keeps running on autopilot for a few years. Say, you can keep it running for 3 years. This is close to $1 million USD gross. This could easily pay your cost of living, while you work on the next product. But you must also factor in taxes. But this is HN, so of course all this is obvious. To quote the adjacent comment: “No sh*t Sherlock”

cambalache 6y ago
> $25k USD monthly, is $300k a year. Gross Income, for 2 partners. As I wrote, best case you get 100k per partner net after 2 years, ceteris paribus. But they are living from this business so less money for the company. > Say, you can keep it running for 3 years. This is close to $1 million USD. This could easily pay your cost of living, while you work on the next product. Yes but that is a truism. If your business does well for several years, you will have a cushion for your next venture. I wrote because I wanted to write against the naive view many people in HN has about "developing countries", yes COL is lower but there is no magic place where 100k USD will set you for life. You still have to pay taxes, many goods cost the same or more than in the US, good healthare insurance is not low, etc, etc. My rule of thumb is that you need at least a mimimum 1MM to retire, no matter in which part of the world,of course if you pick London or Zurich the amount will need to be higher. This assume a family of 3, no further income, no house owned and to live a modest middle class lifestyle.
bluedino 6y ago
There are also costs for the business. For example, 2.2 million WhatsApp chat messages initiated in June 2,200,000 * $0.005 per session message (Twilio cost for WhatsApp messages to India) = $11,000 I probably have that wrong, but I'm sure that's a big expense.

4 ms·

$25k USD monthly, is $300k a year. Not bad, if it keeps running on autopilot for a few years. Say, you can keep it running for 3 years. This is close to $1 m

by blackrock 6y ago

cambalache 6y ago
> $25k USD monthly, is $300k a year. Gross Income, for 2 partners. As I wrote, best case you get 100k per partner net after 2 years, ceteris paribus. But they are living from this business so less money for the company. > Say, you can keep it running for 3 years. This is close to $1 million USD. This could easily pay your cost of living, while you work on the next product. Yes but that is a truism. If your business does well for several years, you will have a cushion for your next venture. I wrote because I wanted to write against the naive view many people in HN has about "developing countries", yes COL is lower but there is no magic place where 100k USD will set you for life. You still have to pay taxes, many goods cost the same or more than in the US, good healthare insurance is not low, etc, etc. My rule of thumb is that you need at least a mimimum 1MM to retire, no matter in which part of the world,of course if you pick London or Zurich the amount will need to be higher. This assume a family of 3, no further income, no house owned and to live a modest middle class lifestyle.
bluedino 6y ago
There are also costs for the business. For example, 2.2 million WhatsApp chat messages initiated in June 2,200,000 * $0.005 per session message (Twilio cost for WhatsApp messages to India) = $11,000 I probably have that wrong, but I'm sure that's a big expense.