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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?

#281

Post by mattm »

tachibana wrote: post #277

Sorry, no hard numbers for privacy reasons. The basic living needs of my family (food, clothing, mortgage, utilities, cars, etc.) has been covered by my investment portfolio for several years by now. Any additional income goes straight towards increasing said portfolio. Rough estimates for the source of the principal for the investment income: - 50% - savings from worked income - 30% - earnings from real estate inves…

This is what I'm currently aiming for. I have about $100/month coming in from dividends and distributions and am looking to seriously ramp this up. I haven't really been paying that much attention until now. I figure if I take on side work, I could have my basic expenses covered within 5 years and within 10 years I would have enough to cover expenses for any children that might come along in the future and provide some cushion.

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

#282

Post by mapster »

mattm wrote: post #280
mapster wrote: post #263

Earlier quoted context omitted.

It's less about the money and ALL about creating and building and changing. In other words, I don't want to build someone else's Lego set - I want to create my own.

I think you're missing the point. The point is to spend just a few years building passive income through investments such that the dividends/distributions it throws off are enough to cover your living expenses. At that point you're free to do whatever you want and you can work on your startup or ideas without having to worry about running out of money or fragmenting your time with consulting.

I see it now, thank you.

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

#283

Post by philip1209 »

arohner wrote: post #278
philip1209 wrote: post #232

Earlier quoted context omitted.

The problem is the twitter API - I'm currently rendering with JQuery clientside, and the number of trucks in SF would exceed an IP's call limit. I've been working on a cached serverside implementation that uses multiple IPs to overcome this, but it's too much of a pain. In addition, I would have to completely redo the UI to accommodate that many trucks. I think that the current site will stay for mid-sized cities (30…

49% is a whole lot. For that much, you should find a co-founder who will work full time. Also, to reiterate what other people in this thread have said, find better ways to monetize this. Think about bigger ads, charging trucks to send email to your subscribers, etc. Traffic solves one of the bigger risks for a food truck. Having a real business plan here means you can give away a much smaller chunk of the company, or…

All good ideas. I hadn't considered the email - I am using Systematic Revenue for emails and this could be a great way to take advantage of the system.

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

#284

Post by hilko »

nodemaker wrote: post #217

I made an app for reading Hacker News called HackerNode which makes about $300 a month. http://www.hackerno.de Do you guys have any ideas on how I can increase revenues? Thinking of a subscription based model with a lot of killer features but don't know if there is a market for it.

Only thing I can think of is to often look at AlienBlue for inspiration.

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

#286

Post by tomotomo »

cageface wrote: post #136
mkhalil wrote: post #135

Earlier quoted context omitted.

I appreciate the stand against the horrible lawsuit, but your hurting yourself far more then your hurting Apple. Maybe take that 600 and use it to inform people of how you feel about Apple, or FEED a bunch of families.

The problem is that $600/month, in its own small way, strengthens and legitimizes Apple as a platform. Living in Vietnam I definitely appreciate the dire needs of some people in the world but I also think that the stakes in these cases are very high. I expect to have a similar Android portfolio in the next six months anyway.

Do you happen to live in Saigon? If so I'd love to meet up.

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

#287

Post by endersshadow »

cmaxwell wrote: post #33

-$20/mo from http://www.golfingstat.com . Can't get any traffic and the traffic I do get doesn't click on ads. FML

Dude, charge for this. Seriously. Add some value by providing personalized practice tips.

If this had a mobile app I could carry around a golf course and map my every shot, I would pay plenty of cash for that. Automated stats that would help me focus on the shortcomings of my games and let me understand the trends of my shots.

In fact, I may have given myself an idea...

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

#288

Post by ynh »

matznerd wrote: post #173
ChrisNorstrom wrote: post #157

Earlier quoted context omitted.

I use your script. It's very nice and worth the price, but the script setup is more complicated than it needs to be and the smtp is broken and I'm forced to use phpmailer. Two things I've never had issues with from all the other scripts I've installed on my server over the past 7 years. I'd still prefer it over SaaS Mail because I don't have re-occuring costs every month and I like being in control of my own email li…

The problem with running your own mail script is your inboxing rate. Your IP is not going to be white listed and it can really hurt you later on. Not to hate on the OP, but if you are building a serious business that needs to ensure deliverability of email to users, I recommend an outside provider like SendGrid, SailThru, MailGun, MailChimp, iContact, etc...

The software also supports Amazon SES

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

#289

Post by WickyNilliams »

codex wrote: post #246
WickyNilliams wrote: post #223

Earlier quoted context omitted.

Very interesting! I've been wanting to investigate this kind of thing for a while but just don't know where to start. Can you point me to any resources that will give me a good grounding in investment? In what way did you invest in real estate? How do you choose what to invest in? Would love for some direction here, would be very much appreciated

My aim is actually not to spend very much time on investing. Investing is not my area of specialization and I want to enjoy a high quality of life. I take advantage of division of labor to monetize what I do best--software development. In a past life, I read many books on investing, primarily Jack Schwager's Market Wizards and my personal favorite, Reminisces of a Stock Operator. There's a lot of interesting stuff ab…

I completely missed this response until now, so I'd just like to thank you for putting the time in to write this up.

    I'd have $50K in my 401Ks and up to $150K in other investments.
401k is a pension-type fund, right? I'm from the UK, so not entirely sure of the terminology. What would you put the other 150k into though?

    or you could use your talent to rise within the few companies which 
    are actually printing money, and then let your dollars work for you
Those are very wise words.
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