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

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71–80 of 205 posts

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

#71
post #65

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…

What is "B2B"?

business to business.

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

#72
post #16

You 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 ;)

"If you can contract for $80/hour for US/EU clients (really possible)"

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
post #52
post #6

$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.

Well, you better not choose Riga (capital of Latvia) then. According to my back-of the napkin calculations, an 80 000 EUR investment will pay itself back in 10 to 15 years.

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

#74
post #65

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…

What is "B2B"?

[deleted]

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

#75
post #6

$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.

$100,000 is a lot of money. Might not quite be the best way of ensuring passive income for someone that only really needs $500/month. i.e. if they're fine on that amount per month, they're probably not making much more than that.

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

#76
post #65

Earlier quoted context omitted.

What is "B2B"?

Business to Business; so when you sell your product/service to other companies instead of to individuals (which would be B2C; business to consumer).

Ah, I see... Thanks for the info!

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

#77
post #44
post #4

Become 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...

Sure you can do that, you need to stay at least 3 months before asking for it first.

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?

#78

I 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…

great tips. will surely keep in mind.

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

#79
post #65

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…

What is "B2B"?

Business to Business, so you may provide a service for businesses to interact or provide some value to each other etc.

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

#80

I 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…

Not really anything to contribute, but congrats!

I think 6 is the hardest for me. Keeping up a social media presence is such a slog.

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