I make about $250/mo off of Space Gremlin mac app and a few mobile games that probably amount to nothing now. With kids entering the picture it's been harder to focus on passive income projects.
Ask HN: What is your yearly passive income?
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Re: Ask HN: What is your yearly passive income?
#22It might be passive income now, but that is without counting the months of work and years of experience I had to put into it.
A near-zero-maintenance project is DNS Spy [0], which brings in roughly ~600$/month.
Re: Ask HN: What is your yearly passive income?
#23negative a few grand. I supplement my mother's retirement income a bit, and give a regular-but-small amount to charity. It's pretty easy to set up - just contact your bank and get an automatic monthly transfer going. I did it online, and haven't had to worry since!
I run a small website that loses me a few hundred dollars per month. Not taking it down out of nostalgia & for the people who are still using it.
Re: Ask HN: What is your yearly passive income?
#24Curiously watching this discussion. I have a few ideas that I thought I should spend time building a product around releasing in the wild - a few months ago. Haven't had the kick in the back to do them yet. May be looking at someone else's $$$ will do it.
Re: Ask HN: What is your yearly passive income?
#25The more I explore this concept of 'passive income' the more it seems like a unicorn not unlike the Facebooks and Instagrams of the world. Sure, it's possible to generate truly passive income, without any ongoing work to sustain it, but such projects are so rare that it's impractical to pursue them. It's like saying you're going to create the next unicorn...good luck with that. 99.9% of endeavors worth doing pursuing…
Buy a financial asset. Boom! Passive income.
Re: Ask HN: What is your yearly passive income?
#26The more I explore this concept of 'passive income' the more it seems like a unicorn not unlike the Facebooks and Instagrams of the world. Sure, it's possible to generate truly passive income, without any ongoing work to sustain it, but such projects are so rare that it's impractical to pursue them. It's like saying you're going to create the next unicorn...good luck with that. 99.9% of endeavors worth doing pursuing…
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.
Re: Ask HN: What is your yearly passive income?
#27I make a few hundred per year from my e-book, which took about half a year of on and off work to finish and is now partially out of date (tip: don’t write books about front end software development).
My current side project is more ambitious and has a lot of potential but it’s probably not going to work as passive income...
Re: Ask HN: What is your yearly passive income?
#28negative a few grand. I supplement my mother's retirement income a bit, and give a regular-but-small amount to charity. It's pretty easy to set up - just contact your bank and get an automatic monthly transfer going. I did it online, and haven't had to worry since!
I run a small website that loses me a few hundred dollars per month. Not taking it down out of nostalgia & for the people who are still using it.
That's a lot of dough! How many people still use it?
Re: Ask HN: What is your yearly passive income?
#29My wife got our safety net liquid assets into decent yielding savings accounts[1]. We’re also keeping some liquidity on-hand for some home renovation projects. That plus dividends on small non-401k holdings and we’ll pocket about $2k this year in a truly passive fashion.
[1]: lmcu.org
Re: Ask HN: What is your yearly passive income?
#30The more I explore this concept of 'passive income' the more it seems like a unicorn not unlike the Facebooks and Instagrams of the world. Sure, it's possible to generate truly passive income, without any ongoing work to sustain it, but such projects are so rare that it's impractical to pursue them. It's like saying you're going to create the next unicorn...good luck with that. 99.9% of endeavors worth doing pursuing…
Interesting. However, I would consider some income stream as passive if it there is a net positive gain without as much effort as my main job (maybe upto 10%, ~4 hrs per week). By that measure, even the income from investments can be counted as passive and hence it is not impractical to reach a point where I am earning half as much as I make in total from passive sources. (Not that I do, just a hypothetical situation).