HACKER Q&A
📣 gravy

Do you have a second income?


Do you have a second income?


  👤 magneticnorth Accepted Answer ✓
We rent a corner of our lot to T-Mobile for a cell phone tower - it pays about $1200 a month.

So far it seems like a great deal to us - the maintenance people are super stealthy and never bother us, and the previous homeowner built a very nice-looking fence around the equipment that matches the house and makes it easy to just not notice that anything is there. The tower itself is on a telephone/power pole for lines that run alongside the property anyway, so that's also not an eyesore.

We bought the house with the tower & lease already in place, so unfortunately I've got no idea how they set this up; I'd definitely do it again in a future home if I could.


👤 throwaw2736
Yes. I’m not extraordinary by any means and my income was relatively modest compared to a lot of my programming colleagues. Just a saver at heart and someone who likes investing.

- dividends from publicly traded companies ~$30k per year

- investment properties net of expenses ~40k per year

- software side projects ~ 70k per year

I still work full time as I feel financial wealth can be fleeting if not tended to properly and prudently.


👤 marpstar
I do web/mobile development for marketing agencies who don't have the budget/workload for a full-time developer. I'm typically handed a set of Adobe Illustrator files and it's my job to use those to build working websites/apps.

My first project was for $800 in early 2013. The last three years have brought in an average of ~$55K per year. I have several subcontractors who can help out when the workload gets too much, but 80%+ of the work is done by one person (me).

A few years back I started offering "maintenance plans" on the websites (which basically entails updating the WordPress core/plugins and giving them a few hours per month for enhancement requests). These are remarkably "sticky" and most clients have continued maintenance for 3+ years.

The self-employment taxes are brutal, but it's still worth it.


👤 fm2606
Pre-covid I was a fire-fighter paramedic with a 24 hours on /48 hours off schedule making almost $60K. On the 2 days off and a few hours here and there on shift I worked as a remote programmer for a company which got me between $20 - $30K extra a year. I did that for 2 1/2 years.

In June of this year I left the fire department for a full time remote programming job. I could have kept the part time job but decided to finally just work a single job.


👤 deanmoriarty
Index funds throw about $50k/y in dividends. It’s a small comfort knowing that if (or when) I burn out from my job I’ll have enough passive income to survive in a non-high cost of living area.

👤 DrNuke
Written content in the form of literature reviews of academic subjects, sold as Kindle booklets... a sort of subscription-for-life service, fully reliant on the Amazon infrastructure for back end, payments and so on. After a booklet is updated, purchasers get the new version for free.

👤 seibelj
I consult for blockchain / cryptocurrency firms as well as traditional firms that want to add services for this industry, such as auditors and tax professionals. The additional side income has been glorious, and has allowed me to buy a lot of toys without my wife strangling me.

👤 MattGaiser
I do freelance writing. It is good for a couple thousand a year.

👤 laptop-man
Just got my self a part time job being a TA at a coding bootcamp. Its not great money (6.5k) for 6 months. But it's part time and fully remote

👤 xupybd
I don't but really want the security of multiple income streams. Any advice would be much appreciated .

👤 thelastinuit
Yes. I have two. Haven’t we all?! I feel like the meme.