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Ask HN: Those making $500/month on side projects in 2021 – Show and tell

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Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#791

Post by soramimo »

deanmoriarty wrote: post #740
lbrito wrote: post #733

Earlier quoted context omitted.

Honest question: why not leave FAANG/SV, take a relaxed remote job of maybe 30h/week and live in a low-cost, warm and cosy Mediterranean city (since you mentioned you're from Europe that shouldn't be a problem)?

That’s the tentative plan once I’ll reach my target number :-)

In a similar boat. Out of curiosity, what's your target number? How do you make sure you're not getting stuck in an infinite "just need about 30% more" loop.

I'm thinking 3M in invested assets should do. If properly diversified (real estate + stock) that should be sufficient to generate about 90k/year of passive income.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#792

Post by deanmoriarty »

soramimo wrote: post #791
deanmoriarty wrote: post #740

Earlier quoted context omitted.

That’s the tentative plan once I’ll reach my target number :-)

In a similar boat. Out of curiosity, what's your target number? How do you make sure you're not getting stuck in an infinite "just need about 30% more" loop. I'm thinking 3M in invested assets should do. If properly diversified (real estate + stock) that should be sufficient to generate about 90k/year of passive income.

Close to $10M for me, currently sitting on about $4M. I fully understand the 4% rule and a conservative 3% withdrawal rate wrt historical returns, but I have no confidence that those will continue to be true moving forward.

So for my calculations I am assuming my portfolio will have a 0% real growth, and that it will just keep up with inflation after volatility. In the best case I am expecting about 65 years to live (wildly optimistic), so my withdrawal rate is 1/65 ~= 1.5%.

I understand this might be overly conservative, but everyone is entitled to their own opinions, and when I pull the plug I better be damn sure I won’t go broke ever.

As mentioned earlier I should be getting there in about 5 years with some luck, so it’s not too long. If the luck won’t materialize maybe I will revisit my plan and the opportunity cost trade-off.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#793

Post by deanmoriarty »

ncr100 wrote: post #779
deanmoriarty wrote: post #554

Earlier quoted context omitted.

I don’t have a clear plan for the future, right now I’m just accumulating assets until I get to a point where I can feel financially unbreakable. I might be getting there in ~5 years with some substantial luck, or never if shit hits the fan. I decided a long time ago that I won’t have kids (not for financial reasons), so there is not much urgency in my life beside the itch to get back more personal time. Current drea…

Good luck - does your financial planning team say you can retire now? The one at your bank? They can help define the details, if you've not done that yet.

I do not have a financial planning team nor I am interested in getting one, I feel I am educated enough on the topic to self manage.

By most conventional standards I could already retire now, but my stance is more conservative than average: https://news.ycombinator.com/item?id=29691550

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#794

Post by tpoacher »

chess_buster wrote: post #775
tpoacher wrote: post #728

Earlier quoted context omitted.

How does this actually generate income? It looks like a plain website to me, I don't see any ads or donation links? (browsing on my mobile if it makes a difference)

Maybe you block ads? When I deactivate my blocker for the site, ads appear...

I use the duckduckgo browser.

I hadn't even realised it blocked such stuff by default ...

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#795

Post by s-xyz »

pigcat wrote: post #113

I run an e-commerce store as a side-hustle: https://drinkyourdailywater.com/ We sell glass water jugs targeted at desk workers, to help remind you to drink enough water. I created it because I wasn't drinking enough water. Running paid ads has been very hit or miss, and I don't have a knack for the marketing. But word-of-mouth has been good for us and we get the odd corporate sale here or there.

How do you manufacture them?

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#796

Post by s-xyz »

davidkuennen wrote: post #399

https://stockevents.app ~5000$/mo An investment tracking app with a unique view of things (events). Started just before corona, since I needed something like this myself. Turns out a lot of people were searching for something like that. The fact that many other investment tracking apps are either ad ridden, slow or have a bad ux helped as well. Technical: - App flutter - Backend go - Database postgres - Hosted Kubern…

Well executed, technically and business wise.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#797

Post by s-xyz »

nitramm wrote: post #647

When I have realised how often I am searching for converting between timestamp and date I have created this website - https://timestamp.online/ . It's earning around $100/month. The most interesting thing is how valuable are people from US - overall profit depends almost entirely on clicks from US.

Funny that you posted this, have been using this site for a while now.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#799

Post by averagely »

czue wrote: post #289

I have two! An app for making wedding place cards that does about $1000/mo https://www.placecard.me/ A boilerplate for making SaaS apps with Python/Django that does $5k/month (highly variable) https://www.saaspegasus.com/ I also have a third that does around $150/mo. It's an app that adds analytics to GroupMe which is a WhatsApp alternative. https://chatstats.co/ I keep complete revenue and effort data here if you're…

Your Open Project Dashboard is really cool. Do you have a system for keeping track of everything? Is it somehow automated? I'd like to create something similar for my own work.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#800

Post by edanm »

heystefan wrote: post #50

Made a Rubik's cube kind of game for phones ( http://eclidus.com ) with my buddy and sales were at that level for a while. Then they died down, I couldn't be bothered to market it so I made it available for free. :) I'll probably try something similar again. ¯\_(ツ)_/¯

(Speedcuber here)

This looks awesome, downloaded and going to try it out.

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