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Ask HN: What is the best income stream you have created till date?

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211–220 of 448 posts

Re: Ask HN: What is the best income stream you have created till date?

#211
post #91

Most lucrative: my FAANG job Most satisfying: my investment portfolio of passive index funds

Do you still think index funds like Vanguard Total World is good to invest in now, as you watch stock market slowly losing steam this year?

Not the GP, but I would say yes. I am 51, and I have seen a few economic boom and bust cycles.

I think you can almost boil it down to: if you think civilization will collapse, then do not buy stocks. If you think it will still be around, buy stocks. Things might look bad over the next few years, but I think things will get better after a while.

Re: Ask HN: What is the best income stream you have created till date?

#212

Software consulting. You’d be surprised how many little businesses out there have a need for custom software. I make about $60-70k/year in my spare time (maybe 10 hours/week) doing everything from adding features to legacy products, building brand new applications and even simply conducting technical interviews. It’s also pretty nice to work on something besides the usual thing at work, experiment with new/different…

That is awesome. Although I'm surprised you can just pickup a new client, bang out a new feature, and finalize everything in 10hrs. Seems like there would be a lot of overhead getting started and whiping your hands of it.

Usually they’re longer-term relationships than 10 hours. I’ve spent anywhere between 3 weeks and 2 years working with the same client/project. Sometimes I’ll have multiple going, but usually can set the expectations such that I don’t have to pull many 20-hour weeks on top of my day job.

Re: Ask HN: What is the best income stream you have created till date?

#213
I'm justing starting out, but my book that I wrote about my psychedelic transformation sold quite well, even to people outside of my circle. I set the price low because I don't want money to be a hinderance to people reading it. https://neontomo.com/book

Re: Ask HN: What is the best income stream you have created till date?

#214
post #189

Software consulting. You’d be surprised how many little businesses out there have a need for custom software. I make about $60-70k/year in my spare time (maybe 10 hours/week) doing everything from adding features to legacy products, building brand new applications and even simply conducting technical interviews. It’s also pretty nice to work on something besides the usual thing at work, experiment with new/different…

Are you interested in some additional work?

It depends :) I’m happy to talk about anything, of course, and you can find my email in my profile.

Re: Ask HN: What is the best income stream you have created till date?

#215
post #137

Software consulting. You’d be surprised how many little businesses out there have a need for custom software. I make about $60-70k/year in my spare time (maybe 10 hours/week) doing everything from adding features to legacy products, building brand new applications and even simply conducting technical interviews. It’s also pretty nice to work on something besides the usual thing at work, experiment with new/different…

+1. JW what rate do you charge and whats your stack? I do about $60k/yr at 8-10hrs per week at $130/hr. Not sure if I am under charging. If you bill more than me, any advice on how to find bigger clients?

I’ve done anywhere between $125-200/hr depending on the kind of work. Also have done some work for lump sums (working on one of those right now), but honestly try to avoid those despite what others in this thread are saying. It can be a pain to collect sometimes, but you simply have to be willing to halt work if payment isn’t made timely enough. I’ve got exposure to a lot of things but usually end up working with .NET in some capacity.

Re: Ask HN: What is the best income stream you have created till date?

#216
post #171

Software consulting. You’d be surprised how many little businesses out there have a need for custom software. I make about $60-70k/year in my spare time (maybe 10 hours/week) doing everything from adding features to legacy products, building brand new applications and even simply conducting technical interviews. It’s also pretty nice to work on something besides the usual thing at work, experiment with new/different…

Over the last 2 years, I made ~$30k/year on projects that could be completed in a weekend (10 hours/week max). It was fun to work on something outside my day job but it required some judiciousness to ensure I could meet my set time limits. I found taking on bigger projects + a demanding day job pushed me to burnout pretty quickly.

Definitely takes some discipline. I’ve found the stress more bearable as time goes on, but it’s definitely a thing, and having a demanding day job can make it worse. Taking a month off here and there from side work can go a long way, though, as can taking a week off the day job to finish a side project ;)

Re: Ask HN: What is the best income stream you have created till date?

#217
post #186

I actually have a few: 1) Board member (advisor really) of a crypto/blockchain company. They pay me $5k per month to basically answer questions and help solve certain issues that might arise. There's also regular meetings but all in I spend 4 hours per week max. 2) Small contractor jobs. I was a contractor and home builder in a previous life. These days, I do side jobs both for the extra income and as a way to relax…

Regarding 3, are you interested in another client? If so let me know how you’d like to connect.

Not OP, but also run a tech consulting firm. Email is in bio, happy to talk.

Re: Ask HN: What is the best income stream you have created till date?

#219
To make a long story short … I built a delivery service that unexpectedly went semi-viral. Within a matter of hours we went from 2-5 orders per day, to 10, 20, 30, 40 … I had a small crew, and it got to the point where I was ordering Ubers and handing the drivers wads of cash to make the deliveries. Somehow we managed, and I eventually shut the service down to pursue a more interesting opportunity. It was a wild ride, and I learned more about business in those 2 short months than the 10 years prior.

Re: Ask HN: What is the best income stream you have created till date?

#220
Probably not relevant to the younger set here on HN: I became obsessed in the late 90’s with using a camera to photograph subjects and events that are hard to observe with the naked eye. (Examples include: spotted bats photographed in flight, or red tree voles that only live at the tippy top of Doug fir trees, or nocturnal genets photographed in arboreal habitats). I loved the challenge of the work.

I grew up poor. So I had to figure out how to finance this work up front. It was a true obsession and I would have probably gone completely broke if not for the fantastic interest my work generated. I was licensing the work for good $$$.

Cut to now: I’m still fascinated with this type of photography. But my work these days involves social media content generation. Since I hate being the center of attention, I’m lucky that my clients just want content (and leave me out!).

But this early work just keeps selling. The subjects were so difficult to capture that I guess others have not really pursued the same path? I’m probably just a lucky fool.

If I were to die tomorrow, my family would still have good income from just this early work. I just can’t believe how this played out for me. I’d like to think it was a clever strategy. But no.

Coming from a family riven with poverty, addiction, and early death - I’m just astounded. I’ve already outlived every male member of my family in the last three generations. I hope to set my child on a different path thanks to this lucky break of timing + opportunity.

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