5 ms·

"They make money through odd jobs, day trading, selling online products." ...Is this not working?

TotoHorner 4y ago
Also, day trading isn’t some way to make you money. It’s a great way to lose money while you think you’re working though.
ldjkfkdsjnv 4y ago
Its barely working. Maybe 5-15 hours a week. The income is actually surprising though, can range 5k-15k a month
- EliRivers 4y ago
  Can't deny that while I work full-time, I certainly produce the vast majority of the value I produce in a fraction of that time. 5-15 hours seems about right; if anything, closer to 5 than 15.
- muro 4y ago
  Sounds pretty smart, if they can get so much money for only so little time.
- PopAlongKid 4y ago
  >The income is actually surprising though, can range 5k-15k a month Is that gross, or after paying income and Social Security & Medicare tax, like wage earners do?
- euix 4y ago
  I am really curious what gigs at 5-15 hours a week is paying out 5k-15k a month. I can think of some potential lucrative consulting?
  - dghughes 4y ago
    Nigerian Prince?
  - ldjkfkdsjnv 4y ago
    Day trading, a big one is advertising agencies. Basically call every doctors office etc and offer to run FB ads for them for 1k-2k a month pay + ad costs. Then find a few other clients and just relax.
    - solumunus 4y ago
      Day traders work way longer hours than that, the clue is in the name. I think your friends are you just BS'ing you about where their income comes from. The amount of "day traders" who are just wealthy gambling addicts who in reality lose money long term is too damn high.
    - scottLobster 4y ago
      This is your regularly scheduled PSA that day trading is essentially a high-effort casino and <1% of day traders make money reliably. https://www.youtube.com/watch?v=qhHOmZVAqBE https://www.youtube.com/watch?v=qhHOmZVAqBE
  - YetAnotherNick 4y ago
    But people who could make 250$ per hour don't want to work lol. Scalability of work on output is definitely not linear. If I had to work 10 hours a week on anything I want I would definitely perform much better in 4 weeks than a person working 40 hours a week for someone else can perform.
    - acover 4y ago
      There's also the reverse in team size. 2 people @ 20 hours a week < 1 person @ 40 hours a week. Obviously depends on the task.
    - dsfyu404ed 4y ago
      Exactly. I can make hundreds per hour flipping heavy machinery. I can't make a day job out of it because the local market doesn't have enough volume to support that unless I incur a bunch of cost that reduces my hourly profit in an attempt to scale to a point where I can reach a broader market (i.e. start a real used machinery selling business).
- p0nce 4y ago
  So they are actually creating maybe more added value that way. Working as intended.
- bodge5000 4y ago
  The idea of making half that with those kind of hours seems insane to me. I know these people exist, but have no idea how. If anyone has any specific examples of what they're doing, I'd greatly appreciate it
- triceratops 4y ago
  If I could consistently make $5k/month working 5h/week I'd quit my job in a heartbeat.
  - deleted 4y ago
    [deleted]
- lazyant 4y ago
  and this is a bad thing? sounds like micro-entrepreneurs to me
- rqtwteye 4y ago
  If they make 5k-15k with that amount of work and freedom I’d say they are the smart ones and people working the 40h+ corporate job are the suckers.
  - edgyquant 4y ago
    I made decent money swing trading stocks with python for a while. I became a better programmer, but it was soulless and lonely so I went for a job at a startup where I get the same freedom plus get to be with people who are more/less experienced. There is more to a job than just money. The lonely financial gig is not for everyone
BurningFrog 4y ago
It is working, but I think the distinction is you don't have a boss you're working for.
baandam 4y ago

Also, day trading isn’t some way to make you money. It’s a great way to lose money while you think you’re working though.

ldjkfkdsjnv 4y ago

Its barely working. Maybe 5-15 hours a week. The income is actually surprising though, can range 5k-15k a month

EliRivers 4y ago
Can't deny that while I work full-time, I certainly produce the vast majority of the value I produce in a fraction of that time. 5-15 hours seems about right; if anything, closer to 5 than 15.
muro 4y ago
Sounds pretty smart, if they can get so much money for only so little time.
PopAlongKid 4y ago
>The income is actually surprising though, can range 5k-15k a month Is that gross, or after paying income and Social Security & Medicare tax, like wage earners do?
euix 4y ago
I am really curious what gigs at 5-15 hours a week is paying out 5k-15k a month. I can think of some potential lucrative consulting?
- dghughes 4y ago
  Nigerian Prince?
- ldjkfkdsjnv 4y ago
  Day trading, a big one is advertising agencies. Basically call every doctors office etc and offer to run FB ads for them for 1k-2k a month pay + ad costs. Then find a few other clients and just relax.
  - solumunus 4y ago
    Day traders work way longer hours than that, the clue is in the name. I think your friends are you just BS'ing you about where their income comes from. The amount of "day traders" who are just wealthy gambling addicts who in reality lose money long term is too damn high.
  - scottLobster 4y ago
    This is your regularly scheduled PSA that day trading is essentially a high-effort casino and <1% of day traders make money reliably. https://www.youtube.com/watch?v=qhHOmZVAqBE https://www.youtube.com/watch?v=qhHOmZVAqBE
- YetAnotherNick 4y ago
  But people who could make 250$ per hour don't want to work lol. Scalability of work on output is definitely not linear. If I had to work 10 hours a week on anything I want I would definitely perform much better in 4 weeks than a person working 40 hours a week for someone else can perform.
  - acover 4y ago
    There's also the reverse in team size. 2 people @ 20 hours a week < 1 person @ 40 hours a week. Obviously depends on the task.
  - dsfyu404ed 4y ago
    Exactly. I can make hundreds per hour flipping heavy machinery. I can't make a day job out of it because the local market doesn't have enough volume to support that unless I incur a bunch of cost that reduces my hourly profit in an attempt to scale to a point where I can reach a broader market (i.e. start a real used machinery selling business).
p0nce 4y ago
So they are actually creating maybe more added value that way. Working as intended.
bodge5000 4y ago
The idea of making half that with those kind of hours seems insane to me. I know these people exist, but have no idea how. If anyone has any specific examples of what they're doing, I'd greatly appreciate it
triceratops 4y ago
If I could consistently make $5k/month working 5h/week I'd quit my job in a heartbeat.
- deleted 4y ago
  [deleted]
lazyant 4y ago
and this is a bad thing? sounds like micro-entrepreneurs to me
rqtwteye 4y ago
If they make 5k-15k with that amount of work and freedom I’d say they are the smart ones and people working the 40h+ corporate job are the suckers.
- edgyquant 4y ago
  I made decent money swing trading stocks with python for a while. I became a better programmer, but it was soulless and lonely so I went for a job at a startup where I get the same freedom plus get to be with people who are more/less experienced. There is more to a job than just money. The lonely financial gig is not for everyone

BurningFrog 4y ago

It is working, but I think the distinction is you don't have a boss you're working for.

baandam 4y ago