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Ask HN: What is your yearly passive income?

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Re: Ask HN: What is your yearly passive income?

#11
post #9

Inspired by previous "passive income" posts, I decided to ship something small [0] after quitting my job earlier this year. It only makes me ~$100/mo, which is enough to cover my PC gaming addiction. Super fun experience, amazing how much you learn from building such a small piece of software. [0]: http://shade.cool

That's remarkably useful actually, cool project! Funny release notes too: > # What's New in Version 1.0.3 > "Hey Jordan, this app looks great but unfortunately crashes when I mouse over to my second monitor while selecting a color" > "That's impossible, I fixed that! Are you sure you're using the latest version?" > "Yes I'm positive. Just put your primary display on the right and mouse over to the left screen" > "Hmm…

Reminds me of an anecdote from The Pragmatic Programmer:

Andy once worked on a large graphics application. Nearing release, the testers reported that the application crashed every time they painted a stroke with a particular brush. The programmer responsible argued that there was nothing wrong with it; he had tried painting with it, and it worked just fine. This dialog went back and forth for several days, with tempers rapidly rising. Finally, we got them together in the same room. The tester selected the brush tool and painted a stroke from the upper right corner to the lower left corner. The application exploded. "Oh," said the programmer, in a small voice, who then sheepishly admitted that he had made test strokes only from the lower left to the upper right, which did not expose the bug.

Re: Ask HN: What is your yearly passive income?

#13
I make around $2,000/year from a store on the Second Life marketplace [0]. I rarely log into SL anymore, except to move money out of my account, but the products I made back when I was active continue to sell. I've never done any advertising for them, so it's all based on organic search traffic and word of mouth.

[0] https://marketplace.secondlife.com (1 USD = around L$250)

Re: Ask HN: What is your yearly passive income?

#14

7.49EUR interest payments from my Bank account (pre tax). Does that count as passive income? At least I am not doing anything to get it.

If you are counting that, then building up a dividend portfolio is a good source of passive income. About $400 a year from a 1x,xxx portfolio.

Re: Ask HN: What is your yearly passive income?

#16
I run a side project for sending business reminders: https://www.cronote.com

Cronote made next to no money for 5 years, but slowly migrated its way to the top of Google for search of "text message reminders" and "sms reminders." I did a ton of work, made an iPhone app, changed the billing system four times and rebuilt the interface three times.

I now have ~60 paying customers, but it only makes $300 per month after all expenses. I don't think I've recouped the man-hours spent, but I've certainly learned a lot along the way. I learned Python/Django (website back-end), Objective-C and Swift (iOS app), and lots of fun stuff about timezones and calendaring APIs.

Re: Ask HN: What is your yearly passive income?

#17
I honestly don't know, but I should problably check.

I sold a _very_ small IT company in 1998 for $50K when I got a "real job"; the truth is, I didn't earn much on my own company, and it was doomed to fail anyway. I was only 22 years old, and my financially over-protective dad (thanks, though, and RIP) insisted on putting all the money into pretty secure stock funds.

I've never needed the money, and after my dad passed away in 2012, my brother's lawyer and accounting company keeps it under control. Based on a fairly conservative avg. interest of 7% since then, I should be good for $190K now, increasing approx. $1K+/month at the moment. If my rather poor math skills serve me right.

The reason I don't bother about this investment is that I'm currently OK with the "normal pay", but it's also because I'm afraid of being disappointed if I look into it, or (worse) get so excited I spend it all on crap. :/ Also, if I never bother about those money, I guess I'll never miss them when the stock market _really_ crashes. :)

Re: Ask HN: What is your yearly passive income?

#19
I released a mobile app for checking upcoming train timetable half year ago and earned approx $300. Assuming the same sales figure on the next half, yearly will be $600.

Was inspired by a previous "passive income" posts in HN too, original goal was to cover Apple developer annual fees.

Re: Ask HN: What is your yearly passive income?

#20

I honestly don't know, but I should problably check. I sold a _very_ small IT company in 1998 for $50K when I got a "real job"; the truth is, I didn't earn much on my own company, and it was doomed to fail anyway. I was only 22 years old, and my financially over-protective dad (thanks, though, and RIP) insisted on putting all the money into pretty secure stock funds. I've never needed the money, and after my dad pass…

you should probably check... there may be fees or other things that have happened.
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