121–130 of 448 posts
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yep, ditto : save in earnest, in stock and 401k, and dividend stream from the shares alone can be very useful as a side cashflow.
What are you invested in that dividends net you meaningful cashflow?
S&p dividend indices are 2.54%, utility indexed 2.85%
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Don't ask me... Spending time with the kids, looking after them or not is super relaxing. It's the best bit of life.
I agree that it's the best bit of life. But how on earth you manage to find a crying baby that decides to wake you up in the middle of the night relaxing is beyond me :)
Built a hobby informational web app back in 2005 related to a collectible item I was interested in. It basically tells you if your X is considered common or rare (potentially valuable). Determining that is nuanced and people don't want to figure stuff out on their own, so my web app became popular. At this point it has earned over $400k USD lifetime with 75% of that being in the last two years. 100% Adsense. The audi…
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Same. The amount of overhead involved in any side hustle is just too high compared to getting stuff done as an employee. even volunteering as anything but unskilled labor is a hassle.
There's no overheads as a employee but too many in solo endeavours? Did you get that the right way around?
Being an employee is simple - do (good-enough-to-not-get-fired) work, get paid. Entrepreneurship requires you to identify a target market, figure out a product that would work for it, create that product, market it, actually sell it, ship it, do the associated financial admin, and probably a bunch of other stuff I'm not thinking of. The amount of potential gain-per-effort is higher than in employment - but the amount of work you have to go through in order to get to that point is also higher.
My partner and I created a very successful business in the UK out of selling mushroom grow kits and microscopy spores. We didn’t think there would be any market here because there weren’t any UK shops doing it. Then a couple of years later it took off and growing mushrooms became cool. In this time we learned how to run a webshop and navigate an industry where every payment processor dropped us - to the point where w…
I'm guessing the former since payment processors kept dropping you?
Not spammy but actually useful SEO optimized informational websites. Easy long term revenue, some have paid out well over $5k an hour, in income for the amount of time I put into them. And apps on various app stores.
I was trying to build a B2B sales/marketing app and all the ML stuff we wanted to do required business data, which was too expensive for us. Long story, but after a cofounder blow up, a failed acquisition, then covid being the final straw, I started poking around during lockdown on how to get business data at scale.
I ended up building an API to look up any business by domain/name, which has been particularly popular for fintechs. It's more or less fully automated now and is a nice income stream.
https://www.newaudiotechnology.com/ A shared friend introduced me to someone who claimed to be a struggling Hollywood genius. We were all drinking at some university party. He told us about all the cool shit he would do if only technology wasn't so bad. So I built a tool to solve his issues. To my surprise, he used it on the Expendables 3 blurays. Later, the audio crew for George Lukas' Red Tails praised the tool in…
Surprised how few of these answers involve automating revenue, mostly selling continued labor Currently the best I've made is from iOS apps with little to no server backend, or async server-sync'd offline-first local DBs tolerant of downtime to minimize on-call requirements. I make money through recurring IAP, and offer student etc. discounted rates without any verification to capture more sales. These apps grow orga…
To date the best one i created was a specialized billing/inventory system for an injectable class of mental health drugs for community clinics in Mississippi. I did it on the side while fully employed (heh the advantages of youth and no family). Mississippi's medicaid system couldn't handle the coding and so it was paper and it took forever for pharmacies to be reimbursed and so no pharmacy would dispense the drugs.…
>i was pretty naive then, i wish i could do the whole thing over. Do you mean that you would have done the financial details differently? Like, be paid per filled prescription?