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Ask HN: Do you have a second income?
11–20 of 33 posts
Re: Ask HN: Do you have a second income?
#12I consult for blockchain / cryptocurrency firms as well as traditional firms that want to add services for this industry, such as auditors and tax professionals. The additional side income has been glorious, and has allowed me to buy a lot of toys without my wife strangling me.
Yeah alot of people don’t realize that even chat room moderation for crypto firms is super lucrative
People are too busy asking why instead of how
Re: Ask HN: Do you have a second income?
#13Yes. I have two. Haven’t we all?! I feel like the meme.
Re: Ask HN: Do you have a second income?
#14I consult for blockchain / cryptocurrency firms as well as traditional firms that want to add services for this industry, such as auditors and tax professionals. The additional side income has been glorious, and has allowed me to buy a lot of toys without my wife strangling me.
Yeah alot of people don’t realize that even chat room moderation for crypto firms is super lucrative People are too busy asking why instead of how
> People are too busy asking why instead of how
What does that mean? Asking why what instead of how what?
Re: Ask HN: Do you have a second income?
#15Yes. I’m not extraordinary by any means and my income was relatively modest compared to a lot of my programming colleagues. Just a saver at heart and someone who likes investing. - dividends from publicly traded companies ~$30k per year - investment properties net of expenses ~40k per year - software side projects ~ 70k per year I still work full time as I feel financial wealth can be fleeting if not tended to proper…
Didn’t expect to post a follow up, so literally threw away the password.
Instead of answering your questions directly, I’ll speak broadly about this as I think it’s more useful.
- You need to start off with a job. A decent paying job. This sets the tone, if you will, for anything else you do. If your job isn’t paying you well, learn the skills you need to get a better paying job and apply to those places. Ideally you do this the younger you are, but regardless of age this is the first step.
- if you are not single, make sure your significant other is willing to live “poor” even though you have money. This is more of a mindset than anything else. Approach this like you would as if you’re starting a business. When my SO and I got married, I explained we can be successful financially if we work as a team. By doing so, anything we do as we are doing it with a shared goal.
- forget about the FIRE lifestyle. Investing to get dividend so one doesn’t have to work anymore is not great because it doesn’t account enough for unexpected circumstances. Keep working, save diligently and invest. One day you’ll wake up with enough money and realize you now have the option to quit, but it’ll be on your own terms.
- if you start a side business (software or otherwise), make sure it can run itself. Don’t make it an overly big project. Wordpress plugins, slack apps, that sort of thing. I’ve built like 20 projects or so. Most of them flip. 1-2 bring in most of the revenue, but I have half a dozen that brings in several hundred a month. Copy ideas, but don’t plagiarize. Keep development time to less than a month and launch.
- stocks. Buy safe and boring stocks for 95% of your portfolio. Ignore it. Stick with etf. The other 5% be speculative.
Good luck. It’s just a lot of small steps and hard work.
If you have a good paying job, that’s probably the hardest part. It’s the cornerstone to ensure enough stability for you to save and invest for the future.
Re: Ask HN: Do you have a second income?
#16I do web/mobile development for marketing agencies who don't have the budget/workload for a full-time developer. I'm typically handed a set of Adobe Illustrator files and it's my job to use those to build working websites/apps. My first project was for $800 in early 2013. The last three years have brought in an average of ~$55K per year. I have several subcontractors who can help out when the workload gets too much,…
if you don’t mind, what’s pricing like on the maintenance plans?
Re: Ask HN: Do you have a second income?
#17Yes. I’m not extraordinary by any means and my income was relatively modest compared to a lot of my programming colleagues. Just a saver at heart and someone who likes investing. - dividends from publicly traded companies ~$30k per year - investment properties net of expenses ~40k per year - software side projects ~ 70k per year I still work full time as I feel financial wealth can be fleeting if not tended to proper…
Didn’t expect to post a follow up, so literally threw away the password. Instead of answering your questions directly, I’ll speak broadly about this as I think it’s more useful. - You need to start off with a job. A decent paying job. This sets the tone, if you will, for anything else you do. If your job isn’t paying you well, learn the skills you need to get a better paying job and apply to those places. Ideally you…
What amount is a good paying job nowadays?
Re: Ask HN: Do you have a second income?
#18Earlier quoted context omitted.
Yeah alot of people don’t realize that even chat room moderation for crypto firms is super lucrative People are too busy asking why instead of how
> People are too busy asking why instead of how What does that mean? Asking why what instead of how what?
"Why would anyone use ? Stupid." vs. "How can I sell services to people who are clearly using ?"
Re: Ask HN: Do you have a second income?
#19We rent a corner of our lot to T-Mobile for a cell phone tower - it pays about $1200 a month. So far it seems like a great deal to us - the maintenance people are super stealthy and never bother us, and the previous homeowner built a very nice-looking fence around the equipment that matches the house and makes it easy to just not notice that anything is there. The tower itself is on a telephone/power pole for lines t…
Out of curiosity, how long is the term on the lease?
Re: Ask HN: Do you have a second income?
#20We rent a corner of our lot to T-Mobile for a cell phone tower - it pays about $1200 a month. So far it seems like a great deal to us - the maintenance people are super stealthy and never bother us, and the previous homeowner built a very nice-looking fence around the equipment that matches the house and makes it easy to just not notice that anything is there. The tower itself is on a telephone/power pole for lines t…
Out of curiosity, how long is the term on the lease?
The current lease is for 10 years, but that was renegotiated from a prior lease that I'm not sure what the terms were.