Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#1

Post by rtcoms » Sat, Aug 30, 2014, 12:23 PM UTC

I am a Ruby on Rails developer from Bangalore, India. Currently working for a startup in Bangalore as a full time employee.

Few months ago there were lots of posts on HN related to passive income. This gave me thought about having passive income which will give enough freedom to work on my own ideas/project fulltime.

In India one can easily live on $500/month, so keeping that in mind I have setup a timeline of 12-18 months(which I think should be enough) to generate that much amount.

Right now I don't have any savings which I can invest to earn and I've free time available around weekends.I am working on few ideas of my own, but those will not necessarily generate income.

So what would you do suggest me to do?

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#2

Post by duiker101 » Sat, Aug 30, 2014, 12:31 PM UTC

Make something that people are willing to pay for. I have a series of project, each makes a relatively small amount/month but all together make a decent passive income, not enough for me to live on but I am sure that you can probably do something similar. Try many ideas and see if you can find something people need.

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#3

Post by thegrif » Sat, Aug 30, 2014, 12:35 PM UTC

echoing the prior comment: you have to actually do something of value before it can be positioned as the gift that keeps on giving :)

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#4

Post by johnnyio » Sat, Aug 30, 2014, 12:36 PM UTC

Become French resident, you will have a guaranteed living income of 434Euros (600$)

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#5

Post by [deleted] » Sat, Aug 30, 2014, 12:36 PM UTC

[deleted]

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#6

Post by meric » Sat, Aug 30, 2014, 12:39 PM UTC

$500 per month is $6000 per year. $100,000 in high dividend stocks may generate close to that much in dividends per year. So contract for $100 per hour for 1500 hours in the next 18 months. Then make a good investment.

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#7

Post by shocks » Sat, Aug 30, 2014, 12:40 PM UTC

duiker101 wrote: post #2

Make something that people are willing to pay for. I have a series of project, each makes a relatively small amount/month but all together make a decent passive income, not enough for me to live on but I am sure that you can probably do something similar. Try many ideas and see if you can find something people need.

Some examples would be nice. What are these small projects?

Selling apps? Ad based revenue? SaaS?

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#8

Post by superplussed » Sat, Aug 30, 2014, 12:41 PM UTC

https://news.ycombinator.com/item?id=2547254 http://www.quora.com/Is-it-hard-to-build-market-and-maintain...

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#9

Post by DanBC » Sat, Aug 30, 2014, 12:45 PM UTC

Good quality videos of construction equipment aimed at children. Put those on Youtube with ads. Link to a website that has affiliate links to stores that sell toy versions of the equipment - Bruder is one manufacturer to investigate. Gently adsense that page. Careful SEO.

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#10

Post by [deleted] » Sat, Aug 30, 2014, 12:47 PM UTC

[deleted]