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Ask HN: How much recurring income do you generate and from what?

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Re: Ask HN: How much recurring income do you generate and from what?

#21

Post by ivansavz »

zrail wrote: post #9

I wrote and self-publish a book named Mastering Modern Payments[1], with a fairly recent second edition. It's making about $2k/mo. I am also selling paid support and add ons for my open-source Rails engine for Stripe named Payola[2][3], which very recently gained support for subscriptions[4]. [1]: https://www.masteringmodernpayments.com [2]: https://www.payola.io [3]: https://www.payola.io/pro [4]: https://www.peteke…

> https://www.masteringmodernpayments.com >

Very cool. if you're helping people earn money, they will pay :)

Is the high-end team options selling? Also what it the split between the mid-price and the lowest price?

I'm trying to figure out the pricing for my book[1] so it (a) is dont-need-to-think-about-it-cheap, (b) doesn't devalue the book (if too cheap readers won't trust), and (c) interacts nicely with Amazon who are undercutting me on price. Any tips?

[1] http://minireference.com/static/newsite/ cf. http://minireference.com

Re: Ask HN: How much recurring income do you generate and from what?

#22

Post by tvanantwerp »

stevenmays wrote: post #10

Stocks, depends on the month: 1000-2000 on average. Link: http://mays.co/i-made-6k-this-month-doing-nothing/ Webhosting: $20 (Mainly just pays for my VPS) Launching soon: http://gymbrew.com (Subscription box service for protein goodies)

This blog post is highly misleading. The only reason you made $6k in a month with index funds is A) because you would have already had about $60k in the account and B) because indexes were recovering from a large drop just before that one-month time horizon. To give more perspective, the 3-month return for your most heavily weighted fund is about half of the current 1-month average. To make $6k/month assuming average annual growth (not something you can always count on, but let's keep it simple), you'd need closer to $900k already in your account.

Should people invest? Yes. Should they invest in index funds instead of day-trading? Almost certainly. Should they expect $6k/month returns from whatever change they scraped from underneath the sofa cushions? No.

Re: Ask HN: How much recurring income do you generate and from what?

#23

Post by jeremyjarrell »

I generate about $1750 USD per month producing training videos for Pluralsight, most recently on how developers can make sense of agile. http://www.pluralsight.com/author/jeremy-jarrell

The $1750 month is the current rolling average. It can be much more when a new course is launching.

Re: Ask HN: How much recurring income do you generate and from what?

#25

Post by stevenmays »

phreeza wrote: post #17
stevenmays wrote: post #10

Stocks, depends on the month: 1000-2000 on average. Link: http://mays.co/i-made-6k-this-month-doing-nothing/ Webhosting: $20 (Mainly just pays for my VPS) Launching soon: http://gymbrew.com (Subscription box service for protein goodies)

By stocks, do you mean dividends? Or do you cash out the gains you make periodically? Otherwise, I don't think I would count that as 'income'.

Dividends and gains. I do not cash out and "realize" the gains, but my net worth increases. Net worth increases I count as income as it decreases my time to reach financial independence.

Re: Ask HN: How much recurring income do you generate and from what?

#28

Post by moron4hire »

I didn't answer last year, but last year would have been $0/mo. Today, it's $800/mo from two subcontractors I have on a project I run for a client. They each only put a few hours in a week, so I don't really have a lot of time spent on management.

Re: Ask HN: How much recurring income do you generate and from what?

#30

Post by stevenmays »

tvanantwerp wrote: post #22
stevenmays wrote: post #10

Stocks, depends on the month: 1000-2000 on average. Link: http://mays.co/i-made-6k-this-month-doing-nothing/ Webhosting: $20 (Mainly just pays for my VPS) Launching soon: http://gymbrew.com (Subscription box service for protein goodies)

This blog post is highly misleading. The only reason you made $6k in a month with index funds is A) because you would have already had about $60k in the account and B) because indexes were recovering from a large drop just before that one-month time horizon. To give more perspective, the 3-month return for your most heavily weighted fund is about half of the current 1-month average. To make $6k/month assuming average…

I have more then 60k in the account. Yes, results are atypical. I said that in the blog post. I also said assume 8% a year returns on average.

Edit: Btw, everything you said is true. And great advice for those trying to follow a similar path. I rarely even check my on my stocks, it's mostly set it and forget it. I simplified this for family members and friends who I think would benefit greatly from investing.

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