From Bangalore too. Amateur programmer, but have a ton of experience and networks in a niche sector. I pull in decent amount of money in passive income. (1) I would say focus first on value rather than money. I delivered my service for free or on trial basis for almost 6 months before clients signed up to pay. (2) As a freelancer, focus on long-term retainer relationships, built on your value-proposition. And work wi…
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Ask HN: How to start earning $500/month in passive income in next 12-18 months?
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Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#72You don't want to earn a passive income. You want to leave your job. Fine. Except that looking for passive income stream is not the best idea out there. If you can contract for $80/hour for US/EU clients (really possible), you'll need to work only 40 hours to cover a 6 month expenses. But that won't probably be enough for one month, once you start earning it. You've been warned ;)
Do you have more info/advice about that? I've often flirted with the idea of online freelancing for overseas companies... But a lot of the freelancing sites either seem too dodgy/cheap, or elitist about "github" commits and the like.
Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#73$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.
Or you can buy an apartment in eastern Europe and rent it for $700-1000 per month.
Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#74From Bangalore too. Amateur programmer, but have a ton of experience and networks in a niche sector. I pull in decent amount of money in passive income. (1) I would say focus first on value rather than money. I delivered my service for free or on trial basis for almost 6 months before clients signed up to pay. (2) As a freelancer, focus on long-term retainer relationships, built on your value-proposition. And work wi…
What is "B2B"?
Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#75$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?
#76Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#77Become French resident, you will have a guaranteed living income of 434Euros (600$)
Really?! As an EU citizen can't I just relocate there and collect without ever having contributed to french social security? Doesn't seem to make much sense...
Note that how much you get is barely enough to live (but it fulfills its goal which it to reduce poverty).
(and there's a good chance the program will be scraped at some point, since while it fulfilled its goal with reducing poverty, it didn't have much impact in term of employment and there is still a ceiling effect even so it was supposed to remove them).
(and I'm not sure which part of reducing poverty doesn't make much sense, and as a EU citizen you can profit from any wellfare system within the EU)
Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#78I run Built With Bootstrap ( http://builtwithbootstrap.com ) that brings close to $2,000 on average each month in "mostly passive" income. How? Here are a few things that have helped: 1) I got lucky - I jumped on something early and got picked up quickly and rode on the back of a giant gorilla as it kept getting higher and higher - right place, right time 2) I keep costs low - I use Tumblr (free) and cheap, pluggable…
Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#79From Bangalore too. Amateur programmer, but have a ton of experience and networks in a niche sector. I pull in decent amount of money in passive income. (1) I would say focus first on value rather than money. I delivered my service for free or on trial basis for almost 6 months before clients signed up to pay. (2) As a freelancer, focus on long-term retainer relationships, built on your value-proposition. And work wi…
What is "B2B"?
Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?
#80I run Built With Bootstrap ( http://builtwithbootstrap.com ) that brings close to $2,000 on average each month in "mostly passive" income. How? Here are a few things that have helped: 1) I got lucky - I jumped on something early and got picked up quickly and rode on the back of a giant gorilla as it kept getting higher and higher - right place, right time 2) I keep costs low - I use Tumblr (free) and cheap, pluggable…
I think 6 is the hardest for me. Keeping up a social media presence is such a slog.