4 ms·

Silly because the two types of income are not fungible in my mind. With a job, I am a mercenary of my time and the income will dry up immediately if I decide to

Silly because the two types of income are not fungible in my mind. With a job, I am a mercenary of my time and the income will dry up immediately if I decide to stop (let’s set aside the long tail effect of investing the savings). With a successful side project, it becomes a very passive income, like many people mentioned below. Ultimately I guess I am genuinely jealous of people clawing back their own time, while I am working incredibly hard with life passing me by, that’s it.

vfinn 5y ago
Dude, you're making a million / year. You could move right away to a cheaper area and do whatever you want. I'm pretty sure you do realize this, so...
Rastonbury 5y ago
I'm not sure if its realistic calculus to think you'll be easily able to make $1m passive income side project. Would you trade $1m a year for $100k passive?
- deanmoriarty 5y ago
  It’s clearly tough to say without having a real opportunity in front of me, but if the passive income was diversified enough and with minimal time investment, I would most definitely trade my 60h/week job for a side project bringing a fraction of my current income (the exact fraction would be on a case by case). I think I personally am at the point where time is a scarcer resource than money. Getting a lower paid job or consultancy is not an alternative either, both would still be too big of time commitments.
  - Gasp0de 5y ago
    You're already earning 50k/year through dividends, if you can live with a lot less money then just quit and start some side project. Or just take a part time job and live for a while.
  - grvdrm 5y ago
    You’re doing well so I don’t think you are doing it wrong. But given that base, could you build a side project dedicating just a couple of hours per week to the effort? If/when it turns into a product, great. If not, you’ve not used up all of your free time making something. I’m obviously oversimplifying but curious if you think 2-3 hours of side-work per week is still a non-starter?

vfinn 5y ago

Dude, you're making a million / year. You could move right away to a cheaper area and do whatever you want. I'm pretty sure you do realize this, so...

Rastonbury 5y ago

I'm not sure if its realistic calculus to think you'll be easily able to make $1m passive income side project. Would you trade $1m a year for $100k passive?

deanmoriarty 5y ago
It’s clearly tough to say without having a real opportunity in front of me, but if the passive income was diversified enough and with minimal time investment, I would most definitely trade my 60h/week job for a side project bringing a fraction of my current income (the exact fraction would be on a case by case). I think I personally am at the point where time is a scarcer resource than money. Getting a lower paid job or consultancy is not an alternative either, both would still be too big of time commitments.
- Gasp0de 5y ago
  You're already earning 50k/year through dividends, if you can live with a lot less money then just quit and start some side project. Or just take a part time job and live for a while.
- grvdrm 5y ago
  You’re doing well so I don’t think you are doing it wrong. But given that base, could you build a side project dedicating just a couple of hours per week to the effort? If/when it turns into a product, great. If not, you’ve not used up all of your free time making something. I’m obviously oversimplifying but curious if you think 2-3 hours of side-work per week is still a non-starter?