I have started a blog about sleep products https://tuckme.in
Currently, building the content and figuring how to best monetize, apart from ad space. Eventually, would be great to grow it into subscription service -> e-comm
Ask HN: What is your passive income 2020?
151–160 of 169 posts
Re: Ask HN: What is your passive income 2020?
#152I make use of a company trading on behalf of us. This translates to daily compounding income. They are helping around 200 000 people currently. Truly thankful for this automated income as I am able to support my parents with this. My dad is unable to find work due to so much uncertainty in the economy.
Not sure I understand what you’re talking about. Do you mean a stock broker?
Pardon me, what I mean is the company trades on the Crypto market on behalf of us. If they make a profit, we make a profit, if not, we also don't. They execute more than 1000 small trades per day, some of which, of course, are losses. However, they aim to end the day on a positive. Since Apr 2019, we've had one small negative day :) This is how we make our money work for us.
Re: Ask HN: What is your passive income 2020?
#153I built https://reviewsignal.com which aggregates twitter opinions about web hosting companies. It runs it through spam filtering and sentiment analysis to constantly give an updated view into what people think about these companies. It makes money with affiliates, most hosting companies have them, some don't (eg. amazon). I don't let affiliate program existence or pay influence the rankings, it's just pure data. It…
how profitable is it?
Re: Ask HN: What is your passive income 2020?
#154I make around $2000 USD p/month so it is around $24K USD per year from websites such as dream interpretation online https://understandmydreams.com and I recently added more websites translated to Portuguese https://teusonho.org - so using Google Ads and Pay per dream analysis help me to make some money. I also sell Gematria database on https://www.gematrix.org/gematria_database.php
Re: Ask HN: What is your passive income 2020?
#155Earlier quoted context omitted.
How long did it take you to amass a portfolio like this? Seems like it would take decades unless you have a very high salary.
It's a function of percentage income saved, not amount earned. The formula is (income / investment rate / percent income saved). If my investment rate is 4%, I need to save 25 years worth of salary. Saving 50% of my salary looks like I would need 50 years on the surface. However, my portfolio generates income from day 1, so it's actually a lot faster than it seems. Just for reference, I was living on less than $750/m…
I really appreciate the details! Out of curiosity, how did you manage to only spend $750 a month to pay for housing, utilities, phone (you mentioned food was free) in south SF Bay Area?
Re: Ask HN: What is your passive income 2020?
#156Opened a truly passive income Etsy shop that's printable cards[0] and another of Christmas ornaments that's largely passive (I just have to run the designs through my laser cutter and package them)[1]. I anticipate that one to ramp up in the coming month (if favorites/views are any indicator). My biggest income maker has actually been the least passive: dollhouse furniture[2]. Even then it's only like a couple hours…
Arent laser cutters like 5k? Have you recouped that?
Also, did you create the designs
Re: Ask HN: What is your passive income 2020?
#157I launched a website where my customers can designs rings for 3D printing in gold or silver: https://lulimjewelry.com Once I get my drop shipping and white labeling agreement with the 3D printing company it will be much more passive, since now I am receiving and shipping all the rings.
Who does the metallic 3d printing?
Re: Ask HN: What is your passive income 2020?
#158None. My side projects are free.
You are playing yourself
Re: Ask HN: What is your passive income 2020?
#159Opened a truly passive income Etsy shop that's printable cards[0] and another of Christmas ornaments that's largely passive (I just have to run the designs through my laser cutter and package them)[1]. I anticipate that one to ramp up in the coming month (if favorites/views are any indicator). My biggest income maker has actually been the least passive: dollhouse furniture[2]. Even then it's only like a couple hours…
Arent laser cutters like 5k? Have you recouped that? Also, did you create the designs
Oh, totally. I have a Glowforge that was about $4k I think, and we're a member of a makerspace that has like a $40k laser cutter we use. But we've easily re-couped that through my stuff, my wife's business doing laser cut/engraved signs, and custom work for folks (e.g., signs for businesses, putting artists' works on ornaments, etc.).
And yep I do all the designs using a mixture of Illustrator and Procreate on my iPad. :)
Re: Ask HN: What is your passive income 2020?
#160I made a web app that turns Google sheets into beautiful web pages in 3 easy steps. https://sheetUI.com it's still lacking in many ways, but I'm working on a V2 with paid features that'll be launched soon.
That's really cool dude. Keep it up!
Big ideas and concepts can come from this!