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I've been a tech consultant since my late teens but got out and passed all my clients on to a close friend so that I could focus on my own work about a year ago
by rvdm 11y ago
I've been a tech consultant since my late teens but got out and passed all my clients on to a close friend so that I could focus on my own work about a year ago. It was a leap of faith for sure, but where there's a will there's a way. During my decade of consulting I set up some automatic income through a few different routes ( never put all your eggs in one basket! ).
I entertain the thought of selling what I'm working on some day for a big payout, but that's a completely optional scenario for me. Because of the simple fact that I've never been happier in my life.
I feel like my work I do now actually matters. And even if it never makes me a dollar, it brings me joy. And that's what life's all about in the end ( to me at least ).
I wish you all the best and in my opinion you certainly made the right choice.
One note: getting the combination of automatic income right was a learning curve, if you ever want to know what works for me, feel free to reach out.
- ralmeida 11y agoI'm interested in what you have to say about your automatic income. What can you tell us about it?
- jliptzin 11y agoWhat do you do now if you care to share?
- rvdm 11y agoI'm playing around with AI trying to improve our everyday productivity with it, so that more people would eventually have more time to live their lives and spend time with those near and dear to them. Very early, we'll see how it goes. My automatic income combo in rough outlines is: 1. Invest, make sure you diversify. At least 10% return should be possible with a smart combination of stocks, ETF, etc. This should be considered your rainy day fund that hopefully you never need. 2. Open an online shop. A lot of us engineers are so good at 'the internet' that finding a product or category of products where the e-commerce offering can be improved on. You'll never beat Amazon in price, so you have to beat them in curation. Just sell whatever gets you excited. That usually works best. I have 2 online stores that I have automated and staffed to the point they basically run on auto pilot. 3. Aside from selling someone else's products also make something yourself and sell it. Physical products or anything that requires too much support is probably not the best idea here. For me building and selling in app apps, themes, add-ons to products that come with their own audience and market works really well here. If you want details, I've added contact info in my about.
- eevee 11y agoThank you! I'm glad you found something simultaneously worthwhile and profitable. Here's hoping I can do it too.
- rvdm 11y agoI'm sure you will! This is something that has always inspired me: in the US small businesses are heroes, going out on a limb and doing your own thing is the definition of the american spirit. Becoming a job creator in the process is an incredibly rewarding feeling.