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Ask HN: What is your yearly passive income?

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Re: Ask HN: What is your yearly passive income?

#91

Post by exitreturn123 »

lazerpants wrote: post #56
exitreturn123 wrote: post #34

Making a throwaway for this. My annual pre-tax income from work is about $2,500,000. My annual passive pre-tax income is about $1,200,000. This is 100% derived from investment returns from an exit I had a few years ago from a startup I was with. I spend about $400,000/year (after tax) of that. Here's the kicker: Nothing makes you feel more poor than being worth about $40m in cash while you hang out with billionaires…

Nope. Try being worth -32k. And yes, it is often my job to hang out with wealthy people (in NYC, not SF).

I do believe that I will never feel as rich as I did when I went from negative net worth to zero. That liberating feeling was amazing, as it's all upside after that.

You'll get there, and it'll feel so good when you do.

Re: Ask HN: What is your yearly passive income?

#92

Post by HeyLaughingBoy »

cweagans wrote: post #42
penguin2016 wrote: post #18

How do you define passive? Is 3 hours a week passive after setup costs? Would organic traffic after doing SEO for 2-3 weeks be passive? Theres a lot of things which take 1 hour/week after being setup right.

After setup costs, I'd define it as "anything that brings in a number of dollars, where the number of dollars is not directly proportional to the amount of time I spend on the thing in any capacity".

My day job matches that description!

Re: Ask HN: What is your yearly passive income?

#94

Post by graton »

thatwasunusual wrote: post #88
graton wrote: post #62

Earlier quoted context omitted.

That is a crazy high expense ratio. Schwab offers an S&P 500 index fund for 0.03% https://investor.vanguard.com/investing/how-to-invest/impact... http://financials.morningstar.com/fund/expense.html?t=SWPPX&...

...but is it better? :)

Well here are the S&P 500 results for the last few years:

  As of today for 2017: 14.24%
  Dec. 31, 2016 	11.96%
  Dec. 31, 2015 	1.38%
  Dec. 31, 2014 	13.69%
  Dec. 31, 2013 	32.39%
  Dec. 31, 2012 	16.00%
Source: https://ycharts.com/indicators/sandp_500_total_return_annual

Re: Ask HN: What is your yearly passive income?

#96

Post by cweagans »

HeyLaughingBoy wrote: post #92
cweagans wrote: post #42

Earlier quoted context omitted.

After setup costs, I'd define it as "anything that brings in a number of dollars, where the number of dollars is not directly proportional to the amount of time I spend on the thing in any capacity".

My day job matches that description!

Really? If you choose to work 30 minutes a day for the next 6 months, your income won't be affected?

Re: Ask HN: What is your yearly passive income?

#97

Post by HeyLaughingBoy »

cweagans wrote: post #96
HeyLaughingBoy wrote: post #92

Earlier quoted context omitted.

My day job matches that description!

Really? If you choose to work 30 minutes a day for the next 6 months, your income won't be affected?

OK, you got me on that one.

However, if I choose to work 60 hours a week for the next 6 months, it won't be affected either.

Re: Ask HN: What is your yearly passive income?

#98

Post by prezjordan »

CamTin wrote: post #60
prezjordan wrote: post #3

Inspired by previous "passive income" posts, I decided to ship something small [0] after quitting my job earlier this year. It only makes me ~$100/mo, which is enough to cover my PC gaming addiction. Super fun experience, amazing how much you learn from building such a small piece of software. [0]: http://shade.cool

Do/did you do any marketing for it, or that $100/mo is just from being in the app store?

Some marketing in the form of a blog post [0] talking about the first week of sales.

Other than that just word of mouth from social media. I've also linked to it from my other Medium articles which get a couple thousand reads per week, but haven't converted many of those to sales.

[0]: https://hackernoon.com/20-hours-of-work-258-in-sales-the-fir...

Re: Ask HN: What is your yearly passive income?

#99

Post by prezjordan »

mstade wrote: post #9
prezjordan wrote: post #3

Inspired by previous "passive income" posts, I decided to ship something small [0] after quitting my job earlier this year. It only makes me ~$100/mo, which is enough to cover my PC gaming addiction. Super fun experience, amazing how much you learn from building such a small piece of software. [0]: http://shade.cool

That's remarkably useful actually, cool project! Funny release notes too: > # What's New in Version 1.0.3 > "Hey Jordan, this app looks great but unfortunately crashes when I mouse over to my second monitor while selecting a color" > "That's impossible, I fixed that! Are you sure you're using the latest version?" > "Yes I'm positive. Just put your primary display on the right and mouse over to the left screen" > "Hmm…

Loosely based on a real story in which my roommate discovered the bug because his work monitor was on the other side of mine :) Glad you enjoyed though.

Re: Ask HN: What is your yearly passive income?

#100

Post by smnplk »

bespoke_engnr wrote: post #85
chippy wrote: post #80

Earlier quoted context omitted.

How much time do you put into the YouTube channel per week / month? I'm seeing on average three 20 minute videos produced per week - so it's at least one hour, but I'd imagine each video takes longer to edit etc?

As I've started trying to be more professional about it, the time it takes to produce content has grown quite a bit. 20 minutes of me talking into the camera takes 2-4 hours to plan, outline, film, and edit. 30 minutes of screencast takes about 8 hours to script and film, and edit. The planning/research phase before that takes really long, because I try REALLY hard to avoid dependencies on jargon and specialized know…

Congrats on your channel. I will subscribe!
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