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Tell HN: I made $1000 with my app and now making $500/mo

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Re: Tell HN: I made $1000 with my app and now making $500/mo

#32

Earlier quoted context omitted.

The app is written in Flutter. There is no backend except that I use Firebase Crashlytics to catch bugs that make it to releases. The web calculator is built using ReactJS and uses Firebase hosting (still low enough traffic to be under the free tier)

Yay Flutter! Any reason you had to use ReactJS embedded in Flutter, I imagine you could of done that with Dart

Sorry if I wasn't too clear. I haven't embedded ReactJS in Flutter. I just made an online calculator [0] in ReactJS for people who prefer not using apps. Could I have use Flutter for that? Probably, but I wanted to try React so I did.

[0] https://fivethreeone.app/calculator

Re: Tell HN: I made $1000 with my app and now making $500/mo

#33
post #27

$500/mth is $6,000/yr At a 4% safe withdrawal rate what you've built is the equivilent of saving $150,000. You should be EXTREMELY proud of yourself, and never underestimate the power and value of the asset you've built

Can you breakdown this calculation? I'm familiar with FIRE and SWR but how do you get to the $150,000 number?

[EDIT] Thanks got it!

Re: Tell HN: I made $1000 with my app and now making $500/mo

#34
post #27

$500/mth is $6,000/yr At a 4% safe withdrawal rate what you've built is the equivilent of saving $150,000. You should be EXTREMELY proud of yourself, and never underestimate the power and value of the asset you've built

Thank you!

Re: Tell HN: I made $1000 with my app and now making $500/mo

#35
post #21

Very impressive and bravo on your success! I love seeing indie hackers launching their projects and get positive feedback in the form of revenue. Also appreciate the weightlifting focus, will check out the app for sure.

Thank you!

Re: Tell HN: I made $1000 with my app and now making $500/mo

#36
A question, from someone who used to start lots of projects, but now finds himself busy from all of those (some now quite successful) projects:

How much daily "mental load" does something like this take? Are you able to work on it when you want, and otherwise ignore? Any tips for starting a small project that doesn't require ongoing mental effort?

Re: Tell HN: I made $1000 with my app and now making $500/mo

#37
post #33
post #27

$500/mth is $6,000/yr At a 4% safe withdrawal rate what you've built is the equivilent of saving $150,000. You should be EXTREMELY proud of yourself, and never underestimate the power and value of the asset you've built

Can you breakdown this calculation? I'm familiar with FIRE and SWR but how do you get to the $150,000 number? [EDIT] Thanks got it!

4% of $150k is $6k, which is $500 * 12.

Re: Tell HN: I made $1000 with my app and now making $500/mo

#38

Earlier quoted context omitted.

The app is written in Flutter. There is no backend except that I use Firebase Crashlytics to catch bugs that make it to releases. The web calculator is built using ReactJS and uses Firebase hosting (still low enough traffic to be under the free tier)

Yay Flutter! Any reason you had to use ReactJS embedded in Flutter, I imagine you could of done that with Dart

[deleted]

Re: Tell HN: I made $1000 with my app and now making $500/mo

#40
post #33
post #27

$500/mth is $6,000/yr At a 4% safe withdrawal rate what you've built is the equivilent of saving $150,000. You should be EXTREMELY proud of yourself, and never underestimate the power and value of the asset you've built

Can you breakdown this calculation? I'm familiar with FIRE and SWR but how do you get to the $150,000 number? [EDIT] Thanks got it!

6000/0.04 = 150 000

Essentially, those 6K a year is the equivalent of a 150K portfolio

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