I make $3000 a month committing cybercrime
You need to be spanked.
Ask HN: What is your yearly passive income?
101–109 of 109 posts
Re: Ask HN: What is your yearly passive income?
#102Earlier quoted context omitted.
Do/did you do any marketing for it, or that $100/mo is just from being in the app store?
Some marketing in the form of a blog post [0] talking about the first week of sales. Other than that just word of mouth from social media. I've also linked to it from my other Medium articles which get a couple thousand reads per week, but haven't converted many of those to sales. [0]: https://hackernoon.com/20-hours-of-work-258-in-sales-the-fir...
How much of your sales are "walk-in" from the app store versus buzz/referrals from your (not small) network?
Re: Ask HN: What is your yearly passive income?
#103Earlier quoted context omitted.
As I've started trying to be more professional about it, the time it takes to produce content has grown quite a bit. 20 minutes of me talking into the camera takes 2-4 hours to plan, outline, film, and edit. 30 minutes of screencast takes about 8 hours to script and film, and edit. The planning/research phase before that takes really long, because I try REALLY hard to avoid dependencies on jargon and specialized know…
Congrats on your channel. I will subscribe!
Aw thanks, I hope you get something useful out of it! Feel free to message me with feedback; I read all of it.
Re: Ask HN: What is your yearly passive income?
#104Making a throwaway for this. My annual pre-tax income from work is about $2,500,000. My annual passive pre-tax income is about $1,200,000. This is 100% derived from investment returns from an exit I had a few years ago from a startup I was with. I spend about $400,000/year (after tax) of that. Here's the kicker: Nothing makes you feel more poor than being worth about $40m in cash while you hang out with billionaires…
So are you getting a salary of $2.5m (from a company that you do not own), or are the CEO/owner? I'm guessing this is a CEO salary in any case?
Re: Ask HN: What is your yearly passive income?
#105I earn $6 a month on my patreon: https://www.patreon.com/battlepenguin I was driving around the US for five months and writing, but now I'll have to put that on pause as I just moved in with a friend and need to find a real job again.
Just read through some of your blog posts. Sadly I'm not in a position to be a patron. I really, really like your writing. I want to write too, but most of my writings are stuck in a journal half-finished. Do you have any tips to fleshing out pieces of writing like blog posts?
Re: Ask HN: What is your yearly passive income?
#106Making a throwaway for this. My annual pre-tax income from work is about $2,500,000. My annual passive pre-tax income is about $1,200,000. This is 100% derived from investment returns from an exit I had a few years ago from a startup I was with. I spend about $400,000/year (after tax) of that. Here's the kicker: Nothing makes you feel more poor than being worth about $40m in cash while you hang out with billionaires…
So are you getting a salary of $2.5m (from a company that you do not own), or are the CEO/owner? I'm guessing this is a CEO salary in any case?
Yes, I work at a very large public tech company now (40,000+ employees). I'm a senior executive in the company but two levels below CEO.
I would guess:
4000 people make > $500,000 / year
1000 people make > $1,000,000 / year
250 people make > $2,000,000 / year
50 people make > $4,000,000 / year
~7 people make > $8,000,000 / year (the executive team)
Re: Ask HN: What is your yearly passive income?
#107Earlier quoted context omitted.
It's very easy to get passive income. Just buy high dividend mutual funds. 100k in the market should net you 4-12k per year.
ah yeah, the good ol' 100k i have lying around should finally have some use for me!
Compound interest is a powerful thing, especially if you sock away at least 10% of your income into index funds with every pay check.
Re: Ask HN: What is your yearly passive income?
#108I 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)
I wonder what kind of people use SL nowadays.
freaks
Re: Ask HN: What is your yearly passive income?
#109Earlier quoted context omitted.
but if you're not reinvesting your passive will shrink over time due to inflation(I'm not sure about US but here in Brazil the dividends are subtracted from the stock valuation), so even then it requires some kind of maintenance. Capitalism is inherently competitive, if some way to generate capital is too easy it will become hard quite fast due to competition. If you can still make some money out of investing is beca…
> (I'm not sure about US but here in Brazil the dividends are subtracted from the stock valuation) What is that about?? Usually the market prices the dividend removal, but that only lasts so long. At any point during the year the market prices it back, in anticipation of the next dividend.
in Brazil it's actually subtracted, if your stock is worth a dollar and you receive a cent of dividend the stock will be priced at 99 cents. Like, it's as if the dividend money you receive is actually a part of the stock you own.