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Ask HN: How to make an extra $2000 monthly?

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Re: Ask HN: How to make an extra $2000 monthly?

#11

Find 20 hours of freelance work at $100/hr. Sounds reductive but I’ve had good success with this when looking for additional income. Probably the easiest and most likely to work path if you are already a developer.

How? In the freelance developer space you're either competing with people in developing countries who work for peanuts, or your potential clients have have the money to throw at high quality work which means you're competing with the top 1-5% of freelance developers.

There is a relatively new platform for what you describe [1]

[1]https://www.moonlightwork.com/

Re: Ask HN: How to make an extra $2000 monthly?

#14

Find 20 hours of freelance work at $100/hr. Sounds reductive but I’ve had good success with this when looking for additional income. Probably the easiest and most likely to work path if you are already a developer.

How? In the freelance developer space you're either competing with people in developing countries who work for peanuts, or your potential clients have have the money to throw at high quality work which means you're competing with the top 1-5% of freelance developers.

By finding a niche and looking for work in that niche. I picked NLP in the financial space and have been able to find work within a couple weeks every time I look. If you search for freelancing threads here on HN you can find some great info on getting freelance work.

Re: Ask HN: How to make an extra $2000 monthly?

#16
post #12

I think the safest way (i.e. no downside, no money spent, small time investment) is negotiating your salary. In your current or new job.

Very location dependent.. The vast majority of the workforce couldn't negotiate a $24k a year raise from their employer.

Re: Ask HN: How to make an extra $2000 monthly?

#17
post #12

I think the safest way (i.e. no downside, no money spent, small time investment) is negotiating your salary. In your current or new job.

Very location dependent.. The vast majority of the workforce couldn't negotiate a $24k a year raise from their employer.

Maybe not in one step. But starting a SaaS side project or starting to freelance (with enough reputation and client pipeline so it is reliable) also won't give extra $2k from one month to another.

Advancing the career as software developer still seems the most reliable and conservative way to get am extra $2k.

Disclaimer: it is not my option though. I am building a side project to earn extra revenue, but because my goal is not only the extra money. I want to work for myself with something I enjoy building. With that comes more control over my life, more freedom, and joy from building something nice.

Re: Ask HN: How to make an extra $2000 monthly?

#19
post #13
post #3

Open an investment account and sell option spreads. You will need a margin account to do this. Note you can also lose money.

> Note you can also lose money. All of your money, very quickly, if you don't know what you're doing.

This is possible. You gotta start small and learn. Don’t get too aggressive.
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