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Ask HN: What is your passive income 2019?

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Re: Ask HN: What is your passive income 2019?

#91

Post by twox2 »

jawns wrote: post #86

My first book was published six years ago. The title is in my profile, if you're willing to click through for the plug. It has continued to sell well, and about two years ago I "earned out," meaning my royalties exceeded my advance, so now every six months I get a royalty check. I've also agreed to several deals that allow my book to be translated and sold in different countries. Those deals are usually on the small…

Congrats. FYI - there are a bunch of dead links on the correlated dot org site in the footer.

Re: Ask HN: What is your passive income 2019?

#92

Post by amerkhalid »

jawns wrote: post #86

My first book was published six years ago. The title is in my profile, if you're willing to click through for the plug. It has continued to sell well, and about two years ago I "earned out," meaning my royalties exceeded my advance, so now every six months I get a royalty check. I've also agreed to several deals that allow my book to be translated and sold in different countries. Those deals are usually on the small…

That is amazing, I have gifted your first book, "Experimenting With Babies" to almost all of my friends who had babies.

Going to buy "Experimenting With Kids" now.

Re: Ask HN: What is your passive income 2019?

#94

Post by loktarogar »

twobat wrote: post #79
geocrasher wrote: post #40

I have a website that attracts about 100 unique visitors a day and it brings me <$100/mo via Amazon Affiliate. Getting bigger than that requires a lot more traffic, which requires doing things like SEO research and marketing work which I'm generally too lazy to learn how to do.

For 3000 visitors/month Amazon pays $100? That seems quite a waste.

traditional ads would earn maybe $7-15 on that amount in most categories

Re: Ask HN: What is your passive income 2019?

#95

Post by wait-a-minute »

Schweigi wrote: post #72

Currently i have mainly two different passive income streams. A side project and multifamily property investments. My side project ( https://www.teamcalapp.com ) returns around $2500/month and growing. I think the main improvement to be done is doing more marketing, which is unfortunately not so passive. Im also investing in apartment complexes. Right now i have 4 passive investments. Since I’m only a passive LLC mem…

Silly question, but how will your product survive if Google decides to just implement that type of view on the calendar?

Re: Ask HN: What is your passive income 2019?

#96

Post by technotarek »

What are we calling "passive" these days? Is there a notion about the amount of (ongoing) sweat equity/maintnence to payout we all have in mind? The original notion seems unlikely ==> finish initial work/build and then just sit back and collect checks. Seems like few of the projects posted so far, if any, meet that high bar. Realistically there is almost always ongoing maintenance, and if it comes from a passion, probably also constant tinkering and improvement. I've definitely got one of those -- I can't let it sit long enough to ever call it fully passive :)

Re: Ask HN: What is your passive income 2019?

#97

Post by deanmoriarty »

Schweigi wrote: post #72

Currently i have mainly two different passive income streams. A side project and multifamily property investments. My side project ( https://www.teamcalapp.com ) returns around $2500/month and growing. I think the main improvement to be done is doing more marketing, which is unfortunately not so passive. Im also investing in apartment complexes. Right now i have 4 passive investments. Since I’m only a passive LLC mem…

Would you be willing to share the name of the sponsors you invest with in the LLC? I am interested in doing the exact same and am an accredited investor, but I don't want to invest in the fundrise.com of the day, what they offer seem very "bottom of the barrell".

I would rather find some sponsor who would like accept a more limited number of accredited investors with whom to build a long-lasting relationship (ideally for decades and many deals), and in exchange I would be happy to invest larger sums of money (e.g. 50-100k per deal?).

I am asking because, if you are contemplating buying your own apartment complex, you definitely know what you're talking about and might be able to give me some very valuable advice :-)

Re: Ask HN: What is your passive income 2019?

#98

Post by Anon84 »

davismwfl wrote: post #8

Not what you were looking for but real estate (mostly rental) has been and remains my primary passive income.

What would you recommend as training/resources to get started in real estate investing? I was thinking of getting a real estate dealer license as a way to get a better idea of how the system works and go from there, but any words of wisdom from someone already doing it successfully would be most welcome.

There's plenty of "real-estate investing" information online but most of it looks scammy as hell.

EDIT: I'm based in NYC, FWIW

Re: Ask HN: What is your passive income 2019?

#99

Post by abadar »

nbe wrote: post #93
abadar wrote: post #76

I sell a web service that randomly texts your kids to call you. Or reminds you to call your parents. https://www.callyourmomanddad.com

And what's your passive income?

People buy a subscription to get/give reminders to call their parents. Every first Saturday of the month I schedule 8-12 texts per US time zone.

Re: Ask HN: What is your passive income 2019?

#100

Post by dctoedt »

jakenberg wrote: post #85
driverdan wrote: post #78

Earlier quoted context omitted.

> Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Those are terrible terms. You should never sign something like that.

And that rarely holds up in court, especially in California. Some common sense comes into play e.g. if you're building a direct competitor or using their IP, then of course that's going to be an issue.

> And that rarely holds up in court, especially in California.

Flowchart to help determine employer ownership of inventions: https://www.oncontracts.com/docs/Who-owns-an-employee-invent... (from 2010; annotated w/ citations to state statutes) (self-cite).

EDIT: Ownership of copyright in an employee-created "original work of authorship" will depend on the facts. Here are a couple of cases:

CASE 1: (A) The employee-author acted "within the scope of employment" in creating the work, AND (B) the employer and employee do not have an agreement altering ownership. RESULT 1: Under 17 U.S.C. 201(b), the employer owns the copyright in the work. https://www.law.cornell.edu/uscode/text/17/201

CASE 2: (A) Employee-author did not act "within the scope of employment" in creating the work, AND (B) the employer and employee did not have an agreement governing ownership of the work. RESULT 2: Under 17 U.S.C. 201(a), the employee owns the copyright in the work.

Note that calling something a "work made for hire" doesn't automatically make it one — the work must fit into one of nine statutory categories [0], AND the parties must agree, before the work is created, that the work will be a work made for hire.

[0] https://www.wikiwand.com/en/Community_for_Creative_Non-Viole...

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