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Ask HN: How do you earn your money?

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Re: Ask HN: How do you earn your money?

#11
post #5
post #4

I'm kind of in the same boat. I took a year off college to focus on learning web development. A year later, I'm working for a startup, but I am also making double I was at my old job. It was really a paradigm shift in my mind. I looked at college as my entrance to a career, and later learned that wasn't the case. People value unique skills, not cookie cutter graduates. You're asking some deep life questions, that ext…

People value unique skills, not cookie cutter graduates. I'm hoping to be able to work in Seattle next year at either Microsoft or Amazon and the main requirement they look at is whether the applicant has a degree in Computer Science or related field. Only after do they begin to look at personal projects/past accomplishments etc. Not trying to say a university degree is for everyone, but for people like me looking to…

Not always though. I didn't get a degree but have had recruiters from both companies reach out to me based on work experience. Based on the conversations we had, it didn't sound like my lack of a degree was a big deal.

If you have the unique skills they're looking for, the top technology companies are willing to budge on the degree requirement.

Re: Ask HN: How do you earn your money?

#12
Building blocks.

You are going to learn processes, insights and experience failures when working for someone (and help with building their dream). This is learning on someone else's dollar. It's mutually beneficial and £30k is certainly not something to sniff at.

Very few people walk out of university, raise money and launch the next Facebook.

It's all about de-risking. Make yourself investable over the next few years. Branch out and learn other areas of the business (marketing/sales/etc).

Plan what you want to do and make sure you have calculated steps to reach them.

You'll also probably want to be tinkering with stuff on the side. These could potentially get you some money, but more realistically will provide you with invaluable learning.

Re: Ask HN: How do you earn your money?

#13
I'd say I'm a mix of entrepreneur and developer for hire. But I haven't done contract work for a while now.

I've also worked fulltime in a programming role for about a year and a half in the past at a fast growing startup. I learned a LOT in my first few months there (including getting reasonably good at Python and Django) and really absorbed so much good stuff from my peers and bosses and even people who worked in other departments. But as time went by and the company grew (went from 20 to about 100 employees in that year..) I started learning less and less. So I quit.

One thing though, I never needed to work there (for money). I already earned enough from my own projects to sustain a reasonable lifestyle. (rented apartment, car, etc.) I just did it to learn more.

I have a few successful projects under my belt that pay for life reasonably well. This really varies from person to person. Some people are happy with $3000/month and some aren't happy with $50,000/month.

In my opinion you should work somewhere for a bit because you will absorb a lot of stuff with the right attitude. You should always keep your mind focused on the end goal of being your own boss if that's what you want from life. And when that awesome idea finally comes to you, the one that you have a burning desire to watch come alive, take the leap!

If you eventually can support yourself well with your own projects/freelance work then you will have the kind of freedom and flexibility that most people can only dream about.

I spent the last two years traveling and working (a little..) at the same time! Spent time in about 20 countries :)

Regarding university and the whole rat race thing. You're spot on! My personal opinion is (and has always been) that the rat race is definitely glorious in its own way (if you are at the top..). But why compete with a million other people who are trying to do the exact same thing better than each other ? It's really really hard to stand out. And hey, you may still manage to make it into the top 5% if you work really hard and are really smart. But why run the race everyone runs ? Find your own race and you'll likely enjoy it and probably win at it too!

Re: Ask HN: How do you earn your money?

#14
"...can't help feeling i'm building a dream for someone else."

The reason so many people are content with being employees, rather than striking it out on their own, has to do (at least in part) with their risk tolerance.

If you want a stable, steady income, and you don't want to put a lot of your own money at risk, then you might find that being an employee is the way to go. Yes, other people (investors in the company) are making money off of your labor, but that's because they're willing to risk their investment.

That's not to say that it's impossible for employees to build a dream for themselves, rather than someone else. In companies that are organized as worker cooperatives, the employees (rather than outside investors) own the company. You might want to look around and see if any places around you are organized this way ... or look into starting your own co-op.

Edit, to actually answer your question: I have a day job as a software developer, which gives me a steady paycheck and good benefits. I'm also an author of two books (see my profile for the titles), and that's produced a very nice supplementary income.

Re: Ask HN: How do you earn your money?

#15
post #13

I'd say I'm a mix of entrepreneur and developer for hire. But I haven't done contract work for a while now. I've also worked fulltime in a programming role for about a year and a half in the past at a fast growing startup. I learned a LOT in my first few months there (including getting reasonably good at Python and Django) and really absorbed so much good stuff from my peers and bosses and even people who worked in o…

Actually, i'm trying to get the same thing as you have.

Currently developping some webapplications and when they earn enough income i'd like to spent some time travelling / working.

Re: Ask HN: How do you earn your money?

#16
post #2

I receive donations for my writing, coding, and art. I do some tutoring, too, which pays alright. I'm not a conventional developer, but I'm more than happy with the freedom I have and I feel I can really appreciate the things I have a lot more because of my self-imposed poverty.

Could you go into a bit more detail on how you do this?

Re: Ask HN: How do you earn your money?

#18
After finishing my Master's degree, I had a couple of options (company offers, a startup idea plus co-founder, a four-year research position). I chose the research position, which cumulated in a PhD thesis. Afterwards, I worked for a company for six months in NLP and machine learning. Now I am in a research position again in a different university.

The pay check may not be as good as working in some companies, but working in academia provides a lot of freedom to try ideas, do it your favorite programming language, go to conferences, and visit far-away countries.

Academia is certainly not a good option for everyone, but it's certainly something you could consider.

That said, I don't exclude the possibility of going to industry again later.

Re: Ask HN: How do you earn your money?

#19
There are two quite different motives for building a company.

One is the financial comparison between building a company and working at one. This is a straightforward risk-reward tradeoff. When you think about it you will consider things like stability and the impact of stability on other things you want to achieve in life, like family; you will also consider things like how to make starting a venture as safe as possible and gaming what you build based on likely exit; you will think about freedom, meaning freedom to do other things.

The other kind of motive is the desire to build an empire, to run something that is yours and to leave a mark on the world. People who are motivated this way don't think along the lines of risk v. reward or stability being sacrificed or freedom being earned; they don't even think about the reward from exit, except incidentally, as a way of building the big thing they really want to build or as a way of keeping score. People like this just don't think life is worth living (for them, not for other people) the other way; their overriding goal is to build a great organization doing great things.

It's important, I think, to understand which of these motives is active when you're thinking about starting a company --- or joining a startup at an early stage. If you are a type 2 person, you won't be happy until you're building that kind of organization for yourself.

Re: Ask HN: How do you earn your money?

#20
Don't be so down on taking a job with a fixed salary. It's not a choice of one or the other. Personally I see my current and previous job as a stepping stone to doing my own thing in the future. Actually being an early employee with a start up has made me seriously consider if going it alone is something i want to do. I have gained so much experience in the past 2-3 years since university and have grown up a lot.

Taking the job is fine, but it's important to find one that allows you to step outside your role when appropriate, and be involved in any area of the company which interests you. Basically any start up or small company (10ish people). You gain so much knowledge having an insight into the other areas of the business.

I almost started a company when I left university and i believe we could of made some money from it. Comparing what I knew then to what I know now, my approach to starting that company would be much different. Also the experience and contacts I have would give it a much better chance of being successful.

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