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$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
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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
But it tends to not look all that great
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Without taking anything away from OP's achievement, I'd caution against this kind of exuberant comparison without some qualification around it. The risks to that app's continuing to yield $500/month in perpetuity are quite different (and, I dare say, worse) than the risks faced by the kind of balanced portfolio that "safe withdrawal rate" implies (to me). I acknowledge that you didn't directly compare with such a por…
This is fair, but as a milestone in long-term self-sufficiency, creating a $500/mo app is significant achievement. Saving $150,000 is, too. Which is more likely to lead to true self-sufficiency? Barring other possibilities, the savings. But given human response to positive feedback loops, a successful dev often becomes a more successful dev overtime. Hence, I favor the "first app I wrote that made $500/mo" is more si…
You can’t just say your app makes $500/mo without giving the time period for how long it has been making that. Generally if it’s not revealed it’s because it hasn’t been very long.
Kudos for being honest about this, it's rare these days. Congratulations and I wish you the best.
Yep. Just putting out one single app by doing everything teaches you a LOT about tech and makes you start giving due respect to every single specialization that exists in tech - from development to support to marketing.
>I can't pretend to have derived any life lesson that applies to everybody from this Part of what attracted me to software engineering in the first place was an interest in "how things work", and being able to move between levels of abstraction (e.g. I know how IP, DNS, TCP, HTTP and JSON works, but most of the time I can just treat it as "sending objects"). So it was a bit of a eureka moment for me to realize that r…
Nice to hear Side note I think 'Tell HN:' is for problems, vs. 'Show HN:'
At least for Show HN there is an official guideline [0] which mentions:
> Show HN is for something you've made that other people can play with. HN users can try it out, give you feedback, and ask questions in the thread.
Does anyone know whether there is an official `Tell HN` guideline? The HN guidelines and FAQ pages don't specify anything as far as I could tell.
$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
You could model the specifics differently, of course: maybe we assume the $500/month is a peak and it tapers off exponentially somehow. What sort of capital returns does this correspond to?
I haven't done the maths, so I don't know, but the fact that I can even ask the question means I've learned something from your comment that I didn't know before!