Ask HN: Software developers, what is your side income? • Hacker News Board

Re: Ask HN: Software developers, what is your side income?

#51

Post by pythonbase » Wed, Apr 07, 2021, 6:50 PM UTC

I built a number of projects ranging from job listing sites to content sites/blogs. These sites are running mostly on auto, generating enough, through ads and sponsorships, to cover the misc expenses.

Thought about starting a SaaS or something that has more steady income but receiving payments is a hassle in my part of the world. No PayPal or Stripe available.

Re: Ask HN: Software developers, what is your side income?

#52

Post by nscalf » Thu, Apr 15, 2021, 2:46 AM UTC

srckinase123 wrote: post #35

nscalf wrote: post #34

I do a ton of different things, but none of them are quickly accessible and all lean off my strengths. I love economics, and MMA, so I've been gambling and trading for years and getting better at them over time. Any unique venture you go into, expect to lose money for a significant period of time (I'm still losing money on making startups). That being said, you have the most in demand skill set in the world, and you'…

Interested to know more about your MMA betting. I'm big on MMA too. If you are willing to share, what is your net profit from MMA betting? Note to OP: I do not recommend gambling or betting to make your side income.

I’ve done it in such a variety of ways and splitting bets with buddies that it’s become a giant pain to figure out the net profit, but it has been relatively good——it’s definitely not getting me to retire anytime soon. You learn where a lot of the randomness is (heavyweights who can kill each other in a single hit), and where people are able to have asymmetric control of the fight (overwhelmingly dominant wrestlers determining where the fight takes place). Betting on the better wrestler who isn’t extremely outclassed on the feet will probably get you close to +EV.

Re: Ask HN: Software developers, what is your side income?

#53

Post by jf22 » Thu, Apr 15, 2021, 4:12 PM UTC

jokethrowaway wrote: post #36

jf22 wrote: post #16

Earlier quoted context omitted.

Same, I realized that spending 2 years to get to 1k in profit a month from a SaaS or something was a lot harder than just getting a job that paid me 12k more.

That makes sense until you realise you've spent 10 years working and you'll have to work full-time for the foreseeable future because you don't have a 5k monthly (quasi) passive income

Passive income is rarely passive.