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Just a little perspective, median income for a family of 5 in California is $66,106, so $500/day may not be huge but it's certainly large.
Dave McClure put it well in this video of why not to do a startup: http://vimeo.com/15799330
EDIT: I don't have enough life experience to know how efficient a person can be when they have a family and manage crazy work hours, but my opinion is that Calacanis wrote about what he thinks is optimal not REQUIRED.
Very inspiring, OP. The little tips and tricks are always helpful, but what is best is getting us to think, "If he can do it, then so can I." One giant question, though. You describe a life where you often squeeze in a few hours on your start-up here and there. This sounds like it would work rather well for repetitive tasks like stuffing envelopes, folding apparel, or answering emails. But what happens if you have tr…
I'm blogging on my progress, if anyone is interested: http://prehacked.com (read http://prehacked.com/pages/about-this-blog-53 to get an idea of what I'm working on).
- Traditional: You are the breadwinner, your wife has the primary housecare / childcare duties.
- Modern: You do your breadwinning from home and are self-employed instead of working for a company.
- Traditional: You and your wife recognize the importance of passive income.
- Modern: You both recognize that investments are no longer a reliable way to make passive income. Instead, you are working on a company / product / service (AppIgnite) that will create new wealth. [1]
[1] I'm not saying that the passive income is the ONLY reason you're doing this, or even the primary reason. But I'm sure an awareness of market changes factored in somewhere.
On latam most people live at $5 a day, you can live like a frikin' sultan with $500. Live there for six months at 2 hours of consulting work and finish AppIgnite, then return with the product done.
btw, I'm a super-fan of TechZing even when I got bad publicity there ;)
It also sounds like the wife is home all day and either a freelancer herself or not working. Having full time child care available from a live in caretaker is not really the same as having to raise 3 kids on your own or with a full time working spouse.
Very inspiring, OP. The little tips and tricks are always helpful, but what is best is getting us to think, "If he can do it, then so can I." One giant question, though. You describe a life where you often squeeze in a few hours on your start-up here and there. This sounds like it would work rather well for repetitive tasks like stuffing envelopes, folding apparel, or answering emails. But what happens if you have tr…
Sales/marketing seems to require extended effort though, or money.
One question: If you're a freelancer working remotely from home, why don't you move somewhere cheaper? On latam most people live at $5 a day, you can live like a frikin' sultan with $500. Live there for six months at 2 hours of consulting work and finish AppIgnite, then return with the product done. btw, I'm a super-fan of TechZing even when I got bad publicity there ;)
It's a really fun tech podcast that is always one of the first things I listen to when a new one comes out. Just check out the list of recent interviews: Gabriel Weinberg, Derek Sivers, Jessica Mah, Patrick McKenzie, and more.
One question: If you're a freelancer working remotely from home, why don't you move somewhere cheaper? On latam most people live at $5 a day, you can live like a frikin' sultan with $500. Live there for six months at 2 hours of consulting work and finish AppIgnite, then return with the product done. btw, I'm a super-fan of TechZing even when I got bad publicity there ;)
Major cities (the largest 2 or 3) in Brazil have a cost of living very close to cheaper cities of the USA. If you move to smaller towns, you begin to deal with other issues (lack of infrastructure specially for kids) and so on.