What do yall do for other income?

New / Eng
Tinamou

New Eng

PRE
Dollar General, Family Dollar
Tinamoumore
Oct 19 17 Comments

TC $165k

Should I:

- focus my free time on leetcode and trying to double my salary in 2-3 years.
- invest in real estate flips. I used to do this before and made $15k-$30k per house. Could only find the time to do 2 houses per year max, though, and that was super stressful/time consuming
- live in flips, buy, fix, sell every two years, profit
- try to build a side project SaaS
- none of the above, fuck it all, just index funds, 401k match and buy a used Porsche in 10 years

comments

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TOP 17 Comments
  • New / Creative HasanMinaj
    I would just live my life. Porsche alone isn't life!
    Driving a 20 year old car but spending two months in Bhutan or getting lost in the nested street's of Netherlands is.
    Oct 19 2
    • New / Eng
      Tinamou

      New Eng

      PRE
      Dollar General, Family Dollar
      Tinamoumore
      OP
      I feel ya. Sometimes I wonder if more money will really make me happier. I’m already well traveled and can appreciate living in the moment.

      However, been thinking about kids in the near future so making more money is top of mind recently.
      Oct 19
    • New / Creative HasanMinaj
      My father is a modest man. He could only afford to put me in a public school. He told me thats all he could afford. I remember I havd zero birthday cakes. Occasionally he brings us some big box shop cake when feel like partying.
      He saved all of his money towards our college tuition. My sister used some of it however I was able to top the school and get a full scholarship ride. That put me into a great company for a headstart which leaded to series of events.
      The conclusion is the kids don't need your money, they need your guidance. They will figure out how to make it when they need it.

      You should think from the perspective that if you were to die today, have I had my life.
      Oct 19
  • Square 83gd58zn
    Sell ur body
    Oct 19 6
    • Square dti57(hu
      There there
      Oct 19
    • New / Eng
      Tinamou

      New Eng

      PRE
      Dollar General, Family Dollar
      Tinamoumore
      OP
      Last time I did that I lost money.
      Oct 19
    • Body or soul? Or both? 😂
      Oct 19
    • New / Eng
      Tinamou

      New Eng

      PRE
      Dollar General, Family Dollar
      Tinamoumore
      OP
      All three
      Oct 19
    • You didn't do it right then 😂
      Oct 19
  • New / Product
    agencylife

    New Product

    BIO
    Run a boutique big city development shop remotely from a small town. TC all cash 400
    agencylifemore
    I advise friends startups on technical things. Product advice and high level process/architecture. Brings in maybe an extra $50k per gig. Just have one right now. They usually don’t last more than a year though 😒

    All my side projects tend to get abandoned. Part time doesn’t seem to be enough to make a useful or popular thing.

    Wish I had the balls to do real estate but I have commitment issues and remain mostly liquid.
    Oct 19 4
    • New / Eng
      Tinamou

      New Eng

      PRE
      Dollar General, Family Dollar
      Tinamoumore
      OP
      Real estate is scary the first time. Then you make bank on a project and wanna keep going.

      What sort of background do you need to be able to get advising gigs at $50k/pop?
      Oct 19
    • New / Product
      agencylife

      New Product

      BIO
      Run a boutique big city development shop remotely from a small town. TC all cash 400
      agencylifemore
      I’ve worked in a few high profile startups so people think I know some secret. It’s all referrals from past founders or agency clients to their friends starting up a doomed business. So- no background, just referrals from being some odd link in a startup network.
      Oct 19
    • New / Product
      agencylife

      New Product

      BIO
      Run a boutique big city development shop remotely from a small town. TC all cash 400
      agencylifemore
      What sort of qualities do you look for in a house to flip?
      Oct 19
    • New / Eng
      Tinamou

      New Eng

      PRE
      Dollar General, Family Dollar
      Tinamoumore
      OP
      It really depends. General advice:

      - Buy for under 50% of what you can sell it for once renovated
      - Target areas with good schools, recent or upcoming developments
      - Look for value add opportunities like easy additional sq ft, potential to open up the floor plan, add a bathroom, etc
      - 3 bedroom, 1 bath layouts are good if there is space to add another bathroom, even if only a half bath

      If you’re really interested I’d start by checking out BiggerPockets.com

      Remember, you make your money on the purchase and not the sale. Buy right and it’s hard to mess up.
      Oct 19
  • Facebook facebooks
    Leetcode until it’s instinctive and then join faang. You’ll get $300k+ and then will have to worry less.
    Oct 19 0
  • All of the above
    Oct 19 0

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