Ask HN: Those making $500/month on side projects in 2022 – Show and tell

Post by kolbe » Thu, Jan 20, 2022, 3:37 AM UTC

pyrrhotech wrote: post #461

kolbe wrote: post #457

Earlier quoted context omitted.

So, let's assume you started on April 1st with $500k. That was 1.8045 years ago. At a compounded 75% returns, you now have $1,936,655 and you expect to make $124,904 this month alone on invested capital. And yet you bother to broadcast your secrets and (waste your time by selling subscriptions for $1397/month. If you did this for 5 years, you'd have $82mm, and you want to risk getting that edge traded away for $1397…

Healthy skepticism is warranted and welcome of course! My account is currently at 1.4M. Taxes and living costs are taken out regularly. I'm not giving anyone access to the source of the models, only the output signals and trade history. I do give brief descriptions of some of the indicators that each take into account, but none of the details of how the complex system works which is the tricky part. You can find huge…

Post by sambroner » Thu, Jan 20, 2022, 3:50 AM UTC

camgas wrote: post #76

I retrofit old phone-based intercoms with software-only solution: https://www.DropBy.io a bit above $500/month ARR, stable and sticky. Started a few years ago, now have 2 other partners.

Post by moneywoes » Thu, Jan 20, 2022, 4:06 AM UTC

buf wrote: post #139

I make about $50k/mo on https://www.closingcredits.com I found that most teaching platforms for voice actors out there are run by a bunch of celebrities who are pushing edutainment, not education. So I wanted to make something specific for voice actors. I will try to branch it out to other creators later.

Post by milesvp » Thu, Jan 20, 2022, 4:13 AM UTC

PragmaticPulp wrote: post #438

raron wrote: post #401

Earlier quoted context omitted.

I am curious: as a HW project how did you go through the CE / FCC certification process and production 0-series batch? Did you have some investor or paid from your own pocket? Asking as somebody who thought making some embedded / HW projects, but the initial cost seems to much to be paid by myself.

The answer is a big "it depends", but there are ways to get basic FCC certification done for as little as $1K-$2K if you contact enough labs and your engineers are reasonably good at adhering to proper design practices (minimize respins and testing repeats). CE mark isn't actually required in the US, but you'd need it for Europe and other locations. It's more involved, but all-in testing can be done for > Did you hav…

Post by MisterSandman » Thu, Jan 20, 2022, 4:29 AM UTC

Melatonic wrote: post #370

MisterSandman wrote: post #354

Earlier quoted context omitted.

I agree with your point of it being a hassle, but I never understood the huge outcry about this. If I work part-time at Burger King and make $10,000/year, I would pay taxes on that. Why should the IRS not be taxing side-hustles that make 10k/year? The argument of them not taxing the rich is sad, but also irrelevant; they didn't add a new tax on side-hustles, just re-inforced an existing one. You technically should've…

$10,000 would still be reasonable - the point is $600 really is not.