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I think it's pretty obvious that if Patrick wanted to optimize for more money he definitely could have by focusing on consulting instead of AR. Also he owns Ap

I think it's pretty obvious that if Patrick wanted to optimize for more money he definitely could have by focusing on consulting instead of AR. Also he owns Appointment Reminder and he didn't count the appreciation of that asset. Lets assume the total profit for AR went from 100k to 135k. Now lets make the assumption that it is valued at a 5x multiple, this means that he increased his net worth by 175k. Thus his total "profits" for the year would be under estimated by 175k.

guy_c 12y ago
This is an important point. You cannot directly compare salary to business income. The day you quit your $150,000/year dev job is the day you income hits zero. Compare that to BCC that he effectively quit four years ago. 2007 $6,200 / 100 hours / $60/hour 2008 $10,700 / ?? hours / 2009 $18,525 / 130 hours / $125~$150/hour 2010 $25,904 / 115 hours / $200~250/hour 2011 $25,000 / 35 hours / $700/hour 2012 $38,598 / 38 hours / $1,000/hour 2013 $23,000 / 23 hours / $1,000/hour 2014 $20,000 / 5 hours / $4,000/hour Rough total is $170,000 from 550 hours of effort. Lets assume it ticks over for a few more years. You've basically earnt quarter of a million from equivalent of 3 or 4 months effort.