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Ask HN: Those making $500/month on side projects in 2021 – Show and tell

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Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#671

Post by deanmoriarty »

barfingclouds wrote: post #664
deanmoriarty wrote: post #511

After reading all this, I admit I feel kind of silly for working so hard (50-60h a week on average) to earn my Silicon Valley FAANG comp. I am wondering how much survivorship bias is at play here, some ideas look relatively simple compared to the amount they bring in. Or maybe one really has to take the leap of faith and trust that there is demand for virtually anything? Maybe it’s not so simple, my partner opened a…

Maybe you have a case of “the grass is always greener.” 1 million dollars a year is a lot. Couldn’t you pretty easily save up and take 5 straight years off if you wanted? What’s to stop that from happening?

> What’s to stop that from happening?

Fear. Specifically, fear that I would walk away from that kind of income forever and that I could become destitute in the future (I have a weird relationship with money, having grown up rather poor).

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#672

Post by majani »

3np wrote: post #424
madman2890 wrote: post #61

I bought a coffee farm in Colombia. Annualized it makes around $800 / month and growing. Should double to $1600 / month next year as we’ve doubled our production. It’s barely profitable, but is profitable nonetheless. The more we plant the more profitable it will get, and we’ll be planting 10,000 more trees soon!

I can not find it now, but I recall reading a post from the (former?) founder/owner of a coffee company. His goal was to have an ethically justifiable supply chain, free from slavery and human exploitation. Or at least less of it. His conclusion was that this is impossible and became very disillusioned that due to various reasons he would not be able to not be part of the problem. I found this when searching but I’m…

In my experience living in a poor country, most of the issues brought up against globalized supply chains are either made up or sensationalized by people in developed countries who lack perspective.

Low wages? Actually they are a really good entry-level option for people doing rural-urban migration. Expensive middlemen? They serve a purpose in the marketplace and smooth out logistical inefficiencies. Greedy multinationals? These are often dream work destinations for the locals.

I could go on and on... bottom line is, globalized supply chains aren't broken and don't need fixing

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#673

Post by codegeek »

deanmoriarty wrote: post #511

After reading all this, I admit I feel kind of silly for working so hard (50-60h a week on average) to earn my Silicon Valley FAANG comp. I am wondering how much survivorship bias is at play here, some ideas look relatively simple compared to the amount they bring in. Or maybe one really has to take the leap of faith and trust that there is demand for virtually anything? Maybe it’s not so simple, my partner opened a…

Running a side project or a full business is not just about Money (even though money is imp. part of it). Lot of people just like creating things, sometimes they accidentally end up monetizing it and some are looking to create a product that can make some money but then doesn't take a whole lot of time to operate. However, most side project will never beat FAANG level income especially $1M incomes.

You are one of the most privileged people on the planet. Making 1M for working 50-60 hours is amazing. I say this as a business owner myself. So unless you have the real entrepreneurial itch to create something of your own, you are almost always better off working at a FAANG and investing all that cash that you already are doing.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#674

Post by andrew-ld »

I personally have a very famous and used telegram bot in Italy, I passively earn from it by inserting highly targeted advertising, the success is due to the fact that I advertise only one thing a month by asking the client a very large number of users to reach so as to be able to sell it in high figures.

~0.012 euros for each user reached.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#675

Post by lbrito »

I invest in Brazilian government bonds. Most tag along inflation, which is at a record high right now. My yearly net is around 13% (I no longer live there so inflation isn't too big a concern, although it affects exchange rates but that is another discussion).

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#676

Post by asdev »

davidkuennen wrote: post #399

https://stockevents.app ~5000$/mo An investment tracking app with a unique view of things (events). Started just before corona, since I needed something like this myself. Turns out a lot of people were searching for something like that. The fact that many other investment tracking apps are either ad ridden, slow or have a bad ux helped as well. Technical: - App flutter - Backend go - Database postgres - Hosted Kubern…

how did you get your users?

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#677

Post by majani »

deanmoriarty wrote: post #511

After reading all this, I admit I feel kind of silly for working so hard (50-60h a week on average) to earn my Silicon Valley FAANG comp. I am wondering how much survivorship bias is at play here, some ideas look relatively simple compared to the amount they bring in. Or maybe one really has to take the leap of faith and trust that there is demand for virtually anything? Maybe it’s not so simple, my partner opened a…

In your position, you have so much leverage in the job market, the most sensible route would be for you to maximize on that. Get a silent auction going of companies bidding for your talents, then get a job that is fully on your terms

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#678

Post by miki_tyler »

abhishekjha wrote: post #381
Something1234 wrote: post #254

Earlier quoted context omitted.

How do you build a wiki as a static site?

vim file.txt .... :wq git add file.txt git commit -m "New stuff. Read it." git push

You can use a command line CLI like Jekyll, Hugo or Next, or a an app like Kit55 (http://stack55.com).

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#679

Post by sliceform »

mattwilsonn888 wrote: post #656
sliceform wrote: post #244

I started a 3D printing company generating on average about 2k/month printing small plastic clips and connectors for collectors as well as a few other adapters and jigs sold on eBay. I'm now working on building out a 3D printing course teaching others how to do the same.

I've heard of people doing this with RC car parts. What printer do you use?

Yeah I've seen a few people doing that. Nerf mods are popular too.

I have 3 Ender 3's. They're easy to mod and work great if set up well.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#680

Post by lkbm »

Kerrick wrote: post #284
lkbm wrote: post #85

Earlier quoted context omitted.

The people in my house use space heaters in their rooms. 1500 watts of electricity produces 1500 watts of heat whether you do it via a space heater or a computer. The only way OP's method is worse is the capital costs of the processors. The energy spent on the actual heating is converted with 100% efficient either way.

Our house is electrically heated via a heat pump, which has appreciably more efficiency than a resistance heater (or computer). Here's a neat video about them: https://www.youtube.com/watch?v=7J52mDjZzto

Yeah, a heat pump is definitely better if you have it. My point is that if you don't, mining provides the same energy-to-heat conversion ratio.

My house is from the 1800s and only has heating for the kitchen/dining room/living room.

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