I run a game server hosting company that loses me about $300 a month.
Do you have a plan to fix that?
Ask HN: Do you have a daily cash stream?
11–20 of 51 posts
Re: Ask HN: Do you have a daily cash stream?
#12> His reasoning behind running a bar is that the bar serves as a daily cash stream
Of course the downside is that if things go wrong it acts as a daily cash sink, instead. Most businesses, especially retail/catering businesses, fail. Don't get into that unless you know what you're doing.
I have a daily cash stream; it's called a job.
Re: Ask HN: Do you have a daily cash stream?
#13> His reasoning behind running a bar is that the bar serves as a daily cash stream Of course the downside is that if things go wrong it acts as a daily cash sink, instead. Most businesses, especially retail/catering businesses, fail. Don't get into that unless you know what you're doing. I have a daily cash stream; it's called a job.
Pretty negative? Having a job and being the boss are certainly different, granted. But working at your own business is also a job.
Re: Ask HN: Do you have a daily cash stream?
#14[deleted]
Re: Ask HN: Do you have a daily cash stream?
#15> His reasoning behind running a bar is that the bar serves as a daily cash stream Of course the downside is that if things go wrong it acts as a daily cash sink, instead. Most businesses, especially retail/catering businesses, fail. Don't get into that unless you know what you're doing. I have a daily cash stream; it's called a job.
Pretty negative? Having a job and being the boss are certainly different, granted. But working at your own business is also a job.
Eh, your milage may vary. I see thinking of a bar as a _source_ of money as unreasonably positive, especially right now. Even at the best of times, a lot of them run in the red.
Re: Ask HN: Do you have a daily cash stream?
#16If you enjoy investing and can spend some time learning about trading options, it can provide a nice income stream in a taxable account. Somewhere around 0.5-1.0% income a month is possible and reasonable without taking on extreme risk.
Income from options on indices or futures is subject to 60/40 long/short term capital gains tax and really helps keep the tax costs down.
Re: Ask HN: Do you have a daily cash stream?
#17Earlier quoted context omitted.
Pretty negative? Having a job and being the boss are certainly different, granted. But working at your own business is also a job.
Eh, your milage may vary. I see thinking of a bar as a _source_ of money as unreasonably positive, especially right now. Even at the best of times, a lot of them run in the red.
What makes you an expert on this subject
Re: Ask HN: Do you have a daily cash stream?
#18I run a game server hosting company that loses me about $300 a month.
I think you mean you have an expensive hobby.
Re: Ask HN: Do you have a daily cash stream?
#19Earlier quoted context omitted.
Eh, your milage may vary. I see thinking of a bar as a _source_ of money as unreasonably positive, especially right now. Even at the best of times, a lot of them run in the red.
What makes you an expert on this subject
I'm not an expert on the subject. I'm very cautious of characterising any real world business, particularly something like a bar, as a sideline source of money, though. It's hard work, and may fail for reasons beyond your control (even bars that were doing well in March are generally not doing well now, say...)