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Ask HN: How many of you are self employed?

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Re: Ask HN: How many of you are self employed?

#291
post #154

About 6 months ago I left my job to start my own company and make a language learning tool I always wanted to build ( https://www.langturbo.com ), It's something I use myself and I see real value in it. I'm fully bootstrapped and I have some months left of savings to try this out. If this doesn't get traction then I guess I'll have to get a "real" job again :).

It says you have Arabic but doesn't break it out by dialects.

Re: Ask HN: How many of you are self employed?

#292
post #217

Currently self-employed as a.....rare coin dealer! Odd path for a tech nerd hacker like me, but certainly the most fun thing I've ever done with no plans to change this gig ever. My backstory: Collected coins as a kiddo, took a 35-year detour into startup land: Started a VC-backed Web 1.0 company from 1999-2002, ran a non-tech company for ~10 years, then 2014-2022 did very traditional early stage tech product managem…

To what extent did your past income (IPOs, executive…) provide the necessary capital to do this profitably? I wonder if there are some economies of scale required outside of numismatics know-how - ie get positive expected value/profit if you can front to buy $100k worth of coins for the 1 coin that is worth it at $101k.

Re: Ask HN: How many of you are self employed?

#293
post #217

Currently self-employed as a.....rare coin dealer! Odd path for a tech nerd hacker like me, but certainly the most fun thing I've ever done with no plans to change this gig ever. My backstory: Collected coins as a kiddo, took a 35-year detour into startup land: Started a VC-backed Web 1.0 company from 1999-2002, ran a non-tech company for ~10 years, then 2014-2022 did very traditional early stage tech product managem…

I have been curious about using computer vision to bulk scan and identify valuable coins. Have systems like this been put into use already? If not do you think they might dilute the value of "rare" coins by creating many more "finds" then were typically possible without the technology?

Re: Ask HN: How many of you are self employed?

#294

Earlier quoted context omitted.

This looks really useful, I've used similar websites in the past but it's nice that it's all together here in one place. If only you could not have it redirect on load, it makes the back button break. Clicking back to return to hackernews is almost impossible

Press and hold the back, then select the one you want, works on many browsers

Jobs told everyone they're holding the phone wrong, but it's still shitty that it was broken to begin with.

Re: Ask HN: How many of you are self employed?

#295

I went from full time employment to freelancing in 2010 or so. I wouldn't do that again. Freelancing is the worst parts of a full time job and the worst parts of entrepreneurship combined in retrospect. I then founded a software services company where I currently work and grew it. It's been a very rewarding journey so far. I'm not sure if either of these qualifies as "self employed" but that's that. :)

> ... I then founded a software services company where I currently work and grew it.

Does it mean it's around your software product, or it's some sort of agency?

Re: Ask HN: How many of you are self employed?

#296

Self-employed on and off as a graphic and web design consultant since 2005 or so, with some time in offices, making websites with static generators, PHP/WordPress, and Python/Django, and print work with pencil, ink, paper, and graphics apps. Tips: 1. Live simply and reduce expenses. Avoid debt if you can. Rice and beans recipe: https://hypertexthero.com/eat-play-read/ 2. Try to be nice to other nice people and stay i…

> Live simply and reduce expenses.

Besides the obvious message here (less spending, more money to save), the simple life is that gives you less headache and burden of administration, which is a huge pro when it comes to "being on your own" (eg managing yourself as a business).

In general, minimalistic lifestyle xnot owning stuff (especially expensive stuff like a car, home, etc) gives so much freedom...

Re: Ask HN: How many of you are self employed?

#297

Earlier quoted context omitted.

What is a creative residence?

Kind of like a structured professional sabbatical / workcation with a built-in community and some events. (I paid for it, to be clear.) Here's a video one of the residents made about the program I did: https://vimeo.com/350701368

Interesting, what did you work on there?

Re: Ask HN: How many of you are self employed?

#298
post #217

Currently self-employed as a.....rare coin dealer! Odd path for a tech nerd hacker like me, but certainly the most fun thing I've ever done with no plans to change this gig ever. My backstory: Collected coins as a kiddo, took a 35-year detour into startup land: Started a VC-backed Web 1.0 company from 1999-2002, ran a non-tech company for ~10 years, then 2014-2022 did very traditional early stage tech product managem…

Awhile back a friend of mine started talking about how he was getting into coin dealing as a full time job. I was never able to quite believe him, and then was just kinda baffled when he started buying houses and nice cars and boats and taking expensive vacations. Was he legit or was he dealing drugs? Is the coin game that lucrative?

Re: Ask HN: How many of you are self employed?

#299

Earlier quoted context omitted.

doesn't the 'company' itself also pay taxes on the income? For most solo folks in the US, the revenue flows directly to you. You could set up a more complex corporate structure to hold the income that you don't pay to yourself, but that corporation would itself have to pay taxes on the income too. I suspect there's not any real savings/benefit until there's enough 'leftover' money to start getting creative/flexible.

Company taxes are paid based on the profit. If you spend all the company income, on salaries or equipment or whatever, there’s no profit, and thus no taxes.

Yup, it's the same here. So there is a tax on the profit of the year that you let remain in the company, but it's a much lower tax than a wage tax. So it's better to leave it in the company until you need it, instead of paying a high marginal tax rate on taking it out as wage immediately.
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