151–160 of 306 posts
Not exactly passive, but side hustle that I hope becomes main hustle: https://simplescraper.io Tryna fill the gap that Kimono left. Aim to post as a Show HN once I polish it a little more.
Would you mind sharing how you want to monetize this?
I'm working on a website that calculates the unit prices on Amazon products. Hoping to help save people some money, since there are a surprising amount of times where buying in smaller quantities actually saves you money. The website is https://unitprice.org/browse if anyone is interested! It's still very much in its infancy, but I plan on doing a "Show HN" soon! Based on the last two weeks, I have only made about $1…
I’ve posted about it before, but since it’s being asked again: It’s not “tech” and it’s refreshing to build something from scratch that’s very tangible. I want to walk away from data science and create something that allows me to open a store selling lifestyle products for men one day. To this end, I launched a men’s skincare line about 3 months ago ( https://www.mendskin.co ) which isn’t “successful” yet, but it’s m…
Wow! I'd love to read a blog about this and the whole process, any hope for something like that?
I have an interview with a publication coming up. After that publishes, I’ll post a link and talk about things in much more detail.
Earlier quoted context omitted.
I don't count my investments as income until I put the money in my checking account. I invested ~$40,000 some years back (over time), sold $20,000 a few years ago for a one time purchase (to get some family heirlooms back in the family), and have $120,000 left. The current plan is to retire on that money for a year before I start touching my actual retirement funds - of course once I get closer to retirement I'll act…
I just feel like I'm playing a game of chicken with a 10 year bull market. I usually leave it alone but I'm not going to wait around if the next recession turns out to a bad one.
Of course if I was closer to retirement that wouldn't work out. However that is why financial managers suggest a regular plan of diversifying into less risky (but lower return) investments as you get older. Target date retirement plans do that for you.
Not what you were looking for but real estate (mostly rental) has been and remains my primary passive income.
What would you recommend as training/resources to get started in real estate investing? I was thinking of getting a real estate dealer license as a way to get a better idea of how the system works and go from there, but any words of wisdom from someone already doing it successfully would be most welcome. There's plenty of "real-estate investing" information online but most of it looks scammy as hell. EDIT: I'm based…
As far as landlording a small number of properties, most of the knowledge involved is how to be handy, or knowing trustworthy people who are handy. One piece of advice I would offer here is to charge slightly below-market rent to get better tenants, especially if you're an amateur.
And something a lot of people misunderstand is the relationship between appreciation and cash flow. They're inversely related because lots of appreciation attracts more buyers who drive down rental margins by bidding up purchase prices. Rapidly appreciating properties in a place like Seattle may have lower cash flow than you would anticipate given the demand, and properties with very little appreciation in a state like Ohio may have much better cash flow. But as I said, you should buy a local property and just accept the market conditions. If you want to invest in real estate elsewhere just invest in a REIT.
I'm working on a website that calculates the unit prices on Amazon products. Hoping to help save people some money, since there are a surprising amount of times where buying in smaller quantities actually saves you money. The website is https://unitprice.org/browse if anyone is interested! It's still very much in its infancy, but I plan on doing a "Show HN" soon! Based on the last two weeks, I have only made about $1…
I thought Amazon does show you the unit prices?
For each of these items that I list, I have manually audited the unit count (after usually automatically doing an initial guess). For many, there's not even an automatic guess, so I have to read the description, look at the photo, etc., in order to determine the unit count.
I'm working on a website that calculates the unit prices on Amazon products. Hoping to help save people some money, since there are a surprising amount of times where buying in smaller quantities actually saves you money. The website is https://unitprice.org/browse if anyone is interested! It's still very much in its infancy, but I plan on doing a "Show HN" soon! Based on the last two weeks, I have only made about $1…
Do paper towels & toilet paper please :)
Followup question (if allowed). If your passive income involves software and you're also employed at a software company, how do you deal with the potential legal problems? Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Do people just keep quiet and not tell their employer? How risky is it? I know some people who simply don't bother telli…
At my employer in CA, they don’t claim that. Their only restrictions are that you disclose the nature of any IP you generate on your own time; they will only prevent you from working on it if it conflicts with their business interests or relies on info you could only get working at the company. Which is pretty reasonable imo.
Also, I think those moonlighting clauses are to prevent people from having multiple full time jobs. In practice they won’t care if you work on a prototype for a side project or run a small business, as long as it doesn’t interfere with your regular work.
Most popular is http://sats4likes.com where you can earn/pay Bitcoin for twitter likes.
It's not exactly passive or profitable but I learned a lot.