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I mean 45k MRR with 90% profit is far from moderate success when compared to US minimum wage (or even of a more civilized country like Switzerland where it’s $4

by nico_h 3y ago

I mean 45k MRR with 90% profit is far from moderate success when compared to US minimum wage (or even of a more civilized country like Switzerland where it’s $4k), especially when living in moderate or low cost of living locations like Vietnam or Bali (he also mentions Lisbon but i doubt the CoL is comparable to vietnam) Especially when working only “4” hours a day. I think the only concern with something like that is the sustainable lifetime of the product, seems to me you have to re-invent the business every few years if you want to keep your solopreneur story going ( the product grows beyond the solo part or gets overtaken by the competition).

imiric 3y ago
I meant "moderate" as relative to the kind of wealth that VC-funded companies can achieve, which I would label as "excessive". Obviously, 45k MRR exceeds even high wage standards in wealthy countries, but then again, even those wages hardly allow people to achieve financial independence. They're enough for them to be profitable to the government, and to maintain a decent way of life, but they still have to be mindful about their expenses, investments and financial status. 45k MRR means that you and your loved ones are safe from money being an issue in any situation, which is a liberating way to live. It doesn't allow you to own mansions, yachts and private jets, but I would argue that such wealth is disproportionate for any individual to manage. If they can maintain this by working 4 hours a day, more power to them. That's an enviable position to be in by any definition, especially if they got there by legitimate means. I agree that long-term sustainability might be a problem, but they seem to have the drive to keep supporting the products for as long as possible, and the ingenuity and skills to invent new ones, and hopefully the wisdom of investment, so they'll be fine. It's doubtful this would work for many others, but as they point out, this is their own journey.

by nico_h 3y ago

imiric 3y ago

I meant "moderate" as relative to the kind of wealth that VC-funded companies can achieve, which I would label as "excessive". Obviously, 45k MRR exceeds even high wage standards in wealthy countries, but then again, even those wages hardly allow people to achieve financial independence. They're enough for them to be profitable to the government, and to maintain a decent way of life, but they still have to be mindful about their expenses, investments and financial status. 45k MRR means that you and your loved ones are safe from money being an issue in any situation, which is a liberating way to live. It doesn't allow you to own mansions, yachts and private jets, but I would argue that such wealth is disproportionate for any individual to manage. If they can maintain this by working 4 hours a day, more power to them. That's an enviable position to be in by any definition, especially if they got there by legitimate means. I agree that long-term sustainability might be a problem, but they seem to have the drive to keep supporting the products for as long as possible, and the ingenuity and skills to invent new ones, and hopefully the wisdom of investment, so they'll be fine. It's doubtful this would work for many others, but as they point out, this is their own journey.