Writing (from a quick skim check) at least 16 books over a period of 6 years, and earning money from that, is not exactly what I'd call "passive income". And given the topics are mostly (all?) about niches in current technologies they also won't continue to deliver passively forever. A more appropriate title and angle might be "How I've earned $10k/book and manage to keep writing more while maintaining a day job". (W…
I earned $160k in passive income from writing non-fiction books
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Re: I earned $160k in passive income from writing non-fiction books
#122This doesn't sound like passive income as I understand the term. Writing a book is a ton of hard work, compared to, say, buying and renting out a house.
It is though cause once it is published you get the income passively. However the topics of these books are perishable, so, have a end date
Anyways, writing that many book is not passive at any rate.
Re: I earned $160k in passive income from writing non-fiction books
#123Writing (from a quick skim check) at least 16 books over a period of 6 years, and earning money from that, is not exactly what I'd call "passive income". And given the topics are mostly (all?) about niches in current technologies they also won't continue to deliver passively forever. A more appropriate title and angle might be "How I've earned $10k/book and manage to keep writing more while maintaining a day job". (W…
Passive income: income not related to current/recent work. Writing is a bit like an investment. It can pay off later.
Re: I earned $160k in passive income from writing non-fiction books
#124Writing (from a quick skim check) at least 16 books over a period of 6 years, and earning money from that, is not exactly what I'd call "passive income". And given the topics are mostly (all?) about niches in current technologies they also won't continue to deliver passively forever. A more appropriate title and angle might be "How I've earned $10k/book and manage to keep writing more while maintaining a day job". (W…
Passive income: income not related to current/recent work. Writing is a bit like an investment. It can pay off later.
PS: Sadly writing can pay off as much as giving you nothing (money wise).
Re: I earned $160k in passive income from writing non-fiction books
#125Earlier quoted context omitted.
>> You aren't built different. > Yes they are built different: one person has no struggles writing and actively loves it, cannot stop doing it; the other finds it effortful and painful. GP probably worded it poorly; yes, we're all built different, but all the successful authors who spoke about their experience all expressed similar struggles. Terry Pratchett said once (can't be bothered to look for the exact quote) t…
Absolutely! Noticing that it usually takes ~20min for me of getting into the groove was a profound revelation for me a few years ago. I noticed a pattern that if keep on powering through those initial 20min, there is a good chance you can continue being productive for a few hours or even the whole day.
Re: I earned $160k in passive income from writing non-fiction books
#126To me, this is truly inspiring and I certainly need to get back into my writing habbit!
Re: I earned $160k in passive income from writing non-fiction books
#127Re: I earned $160k in passive income from writing non-fiction books
#128> I wake up daily excited to write. When work is a dread, or when something unhappy pops up, some writing will always bring in positive energy into me. I don’t dread writing. In fact, I can’t stop myself from writing! I fear we are built different.
My experience writing a 1,200 page technical book was similar to xrd's. It was worth it in the end but I'm not doing it again either. Jerry Seinfeld's "Don't break the chain" is good. I did take days off though (on average, 1 a week). I found this book very helpful even though the genre of book was radically different: https://www.amazon.com/2k-10k-Writing-Faster-Better-ebook/dp...
Real-World Cryptography https://www.amazon.com/dp/1617296716/ref=cm_sw_r_cp_api_i_1P...
Re: I earned $160k in passive income from writing non-fiction books
#129Writing (from a quick skim check) at least 16 books over a period of 6 years, and earning money from that, is not exactly what I'd call "passive income". And given the topics are mostly (all?) about niches in current technologies they also won't continue to deliver passively forever. A more appropriate title and angle might be "How I've earned $10k/book and manage to keep writing more while maintaining a day job". (W…
> Passive income also know as "Unearned Income" is income that can be earned automatically with minimal labor to earn or maintain. It can be a great way to help one generate extra cash flow, whether he or she is running a side hustle or just trying to get a little extra dough each month.
According to the above definition, the author earns $$$ each year after he had written each book and he doesn't need to do a lot of stuff to earn or maintain (people just buy on Amazon and upvote his books, e.g.). So it is passive income. ("minimal labor to earn" =>>> the author doesn't need to create ads to promote his books etc., he just write them once... and this writting is equivalent to "low labor", see below).
What you want to highlist is rather: SINCE he has worked a lot to earn $10k with 78 books (not only one book - which you wrote in your comment) written over a period of several years, THEN: is it actually worth in terms of $$$?
Given the fact he probably didn't spend lots of $$$ to write and publish his books & ebooks (but he didn't give this piece of information), and given the fact that writting a book is far less stressing than working for someone (in fact, in addition to his job, it made him relaxing), I would say YES. The time he has spent on each book is controlled since in his article, he emphasizes on the fact that he writtes 100+ pages books, not more: so even considering "time is money", the time with no income required to write his books may have been refunded with the sells quite quick.
*Note that: bank investment need lots of money to be done. Writting books, no. Bank investment need a few seconds to be done. Writting books, several months. I think they are equivalent and, thus, are both ways to earn passive incomes.* ("equivalence" from a money point of view and almost from a labor point of view, if we consider that bank investments's initial brought money is only due to labor, not inheritance, etc.)
Moreover, since he already have a fulltime job, I bet he uses his books income to invest as banks investments or, perhaps, on Bitcoin, etc (since his fulltime job decreases the risks for him to have a big debt e.g., in the case of his eventual investments were not worth). Such investments would extend the "worthly"-side of his books activity, alongside with very controlled risks thanks to his fulltime job.
PS: I think 2 or 3 points above have medium probability to be wrong, because the author didn't communicate about them, leading to some speculation/hypothesises by myself. So don't take this comment too serious. However I think it's consistent thoughts.
Re: I earned $160k in passive income from writing non-fiction books
#130I know a lot of people on HN are not a fan of monetising with ads. That said, an alternative to writing a whole book before seeing if people will pay, is to write a blog. You’ll get validation in smaller chunks and can iterate. Currently the display ads on my blog pay between $15 - $30 per thousand visitors, and many blogs earn a lot more than that. If you’re writing a non fiction book in a technical niche, it’s fair…
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