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What history of economics and technology book would you recommend? | 3dFlatLander: Not really a book, but check out James Burkes Connections series. Other shows he's worked on have to do with the history of science/technology as well.The episode pertaining to the birth of the computer is here: http://www.youtube.com/watch?v=ORY-mXXgJg4&feature=PlayL...That's worth checking out first, to give you an idea of what it's like. The rest of his stuff is here: http://www.youtube.com/profile?user=JamesBurkeWeb#g/p |
alternatives to EtherPad? | chris123: I guess EtherPad-like features are coming to Google Docs. Now that will be sweet! |
Source for address data of event facilities? | az: You can have the guys at mturk.com do the work for you. Offer them a decent compensation and they will return worthwile results. Maybe split it into a few different tasks, one for colleges, stadiums, concerts, etc. so they will be more focused.For universities, you can get the list (although may not be complete) at ratemyprofessor.com. They all have websites over there that you can check out for more info.Google Maps gives universities and stadiums a diff color in map view. Maybe there is a way to access that data and use it? I don't know. |
Does Windows Mobile have a future? | az: The newer Blackberrys have 'Documents to go' that allow you to read .doc when they are incoming and edit and send .doc from your phone.The same is true for .ppt and .xlsEmail is standard on all smart phones. |
What history of economics and technology book would you recommend? | elidourado: An Empire of Wealth by John Steele Gordon. |
What history of economics and technology book would you recommend? | pg: Medieval Technology and Social Change. The title sounds boring, but this one of those books that just cranks your brain open. There is so much new stuff in it. Or at least, stuff that was new when it was published in the 1960s.Carlo Cipolla's Guns, Sails, and Empires is a close second. His Clocks and Culture is also very good; the prologue is probably the best 21 page summary of the history of western technology that you could find anywhere. |
What history of economics and technology book would you recommend? | profquail: "When Genius Failed: The Rise and Fall of Long-Term Capital Management" is a pretty good one, though the books main focus is the people involved in the situation, not the technology they were using.More info from Wikipedia:
http://en.wikipedia.org/wiki/When_Genius_Failed:_The_Rise_an... |
Does Windows Mobile have a future? | profquail: I would say it's pretty good if you're really tied into Windows, and even better if you're a Windows developer.If not, I'd go with a Nokia N900, Blackberry, iPhone, then Android, in that order; the N900 just has a ridiculous number of features, Blackberry has built their business on enterprise support, the iPhone has good hardware and is relatively easy to develop for (if you want to), and Android is just a bit "meh" for me at this point. |
Domain hacking | roach: I always had a hard time remembering the del.icio.us domain. I knew it was a .us tld but couldn't remember if it was delicio.us or de.licio.us etc. |
What history of economics and technology book would you recommend? | orhtograph: James Beniger's "Control Revolution"
http://www.amazon.com/Control-Revolution-Technological-Econo... |
Does Windows Mobile have a future? | kloncks: Does windows mobile system has future? Didn't know jokes were allowed on HN :P |
What history of economics and technology book would you recommend? | samg: The Ascent of Money: A Financial History of the World by Niall Ferguson.http://www.amazon.com/Ascent-Money-Financial-History-World/d... |
Does Windows Mobile have a future? | seanx: I have an HD2, replacing an iPhone. The HD2 is the only winmobile phone I would recomend as it meets the windows 7 hardware requirements. It's vastly better at some things than the iPhone but doesn't have the App Store :(. You can still find most applications that you need but games are not as good. |
What history of economics and technology book would you recommend? | rah: 1. The Lever of Riches, by Joel Mokyr
2. Guns Germs and Steel, by Jared Diamond
3. A Farewell to Alms, by Gregory Clark
4. Power and Prosperity, by Mancur Olsen
5. Carnage and Culture, Victor Davis Hanson
6. Capital Ideas, by Peter Bernstein
7. The Geodesic Network, by Peter Huber |
Is Google's Go ready for serious projects? | mahmud: A better option might be to use Twisted Matrix for Python, iolib for Lisp, or whatever high-performance networking library you can find for your dynamic HLL.Learning Go means learning a whole new language, learning the (still primitive) tool chain, and scrambling for examples, documentation and support.High performance network programming is a solved problem. You can do it in any high level language that interfaces with C efficiently. Half a page of Unix system call, some discipline, and you're on your way. |
How to hold an online fundraiser? | patio11: A buddy of mine is giving out free copies of his software at the moment to anyone who gives money to Haiti. He is doing it on the honor system. I think that is likely to be sufficient, depending on who your customer is.Failing that, see the Paypal documentation about Return URLs. The one set up with the button has priority over the global one specified per Paypal account. Thus, if you know the email address associated with e.g. the Red Cross' Paypal account, you can craft Paypal URLs which cause people to go to Paypal, send money directly to the Red Cross, and then come back to a page under your control. This is only minimally secure but, again, what are you worried about security for here anyhow. |
Is Google's Go ready for serious projects? | skybrian: There's no way to answer this question unless you say what the server is supposed to do. Why do you need "low-level control"? How do you plan to deploy the server when you're done? Who will maintain it? |
What are the best links that we've missed? | cperciva: I think my 'Dissecting SimpleDB BoxUsage' post deserved more attention than it received -- AFAIK it is the first (and perhaps only?) time someone published exactly what SimpleDB requests cost.http://news.ycombinator.com/item?id=227327 |
What are the best links that we've missed? | PStamatiou: http://hnweekly.chibidesign.com/ |
What are the best links that we've missed? | paraschopra: I was actually thinking of making a predictive model which would rate the new stories automatically. There are a lot of features that can be used in learning the prediction model: text length, content, etc. I already have the infrastructure more or less ready: http://www.wingify.com/contextsense/In my opinion automatically rating posts will provide a useful filter to find stories that the community may have missed due to timezone/title issues.What do you think about the idea? |
What are the best links that we've missed? | akkartik: Resubmitting the runt of my recent submissions: the myth of college football http://news.ycombinator.com/item?id=1059489 |
What's your favorite scientific paper? | akkartik: The magic ink paper was on top of HN 2 years ago[1]. I remember bouncing off it the first half dozen times I ran across it on the blogosphere. Eventually I focused, and boy was it worth it:http://worrydream.com/MagicInkIt's still my #1 paper of all time, for both exposition and presentation (layout, typography, figures), and the paper I have quoted most often on my linkblog (http://akkartik.name/search_results?q=bret+victor)I wanted to submit this to the recent thread on the future of UI (http://news.ycombinator.com/item?id=1055194)[1] http://news.ycombinator.com/item?id=8120. 19 points was a lot in those days.Edit: searchyc tells me it was resubmitted 8 months ago with success (http://news.ycombinator.com/item?id=600799) |
What are the best links that we've missed? | Alex3917: From my last twenty submissions...Pretending objects: http://www.boingboing.net/2009/11/16/pretending-and-games.ht...Superstitious beliefs cemented before birth: http://dsc.discovery.com/news/2009/10/30/paranormal-supersti...Sacraficial virgins of the Mississippi: http://www.salon.com/books/review/2009/08/06/cahokia/index.h...Also, anything that isn't text rarely makes the front page regardless of how good it is. On that note, I think the new technology developed to create the movie Oceans is pretty cool:http://www.youtube.com/watch?v=UfjEydlUdT8 |
Is Google's Go ready for serious projects? | yannis: It is difficult to comment without knowing more as to why you need to write a server, perhaps you care to give a few of the reasons. However, the way you explained it, you need low level control. How about Lua, it has a beautiful syntax, small footprint is ultrafast and interfaces very well with C (in many ways you can think of it as a Library for C). (See http://code.google.com/p/lua-web-server/). I know a lot of people consider Lua only for games but ... |
What's your favorite scientific paper? | vonsydov: frames by minsky |
What's your favorite scientific paper? | Herring: http://www.ps.uci.edu/~markm/einstein/aharonov_einstein.pdfCurious quantum eraser article on Science a while ago. |
What are the best links that we've missed? | jamesbritt: Idle thought: A script running on HN that, on slow news days, looks back on submissions on high news days and finds those that (by some criteria) got pushed off the the radar too quickly.It then selects some number of these (again, by whatever criteria, TBA, etc.) and re-submits them.That way, slow news days go away, and decent links get a second chance. |
What's your favorite scientific paper? | jhickner: "Unskilled and unaware of it: How difficulties in recognizing one's own incompetence lead to inflated self-assessments."http://psycnet.apa.org/?fa=main.doiLanding&doi=10.1037/0...a.k.a. the dunning-kruger effect:
http://en.wikipedia.org/wiki/Dunning–Kruger_effect |
What's your favorite scientific paper? | las3rjock: A few of my favorites, chosen from computer science and from physics:D. E. Knuth, "An empirical study of FORTRAN programs," Software: Practice and Experience, vol. 1, no. 2, pp. 105-133, 1971. http://dx.doi.org/10.1002/spe.4380010203 A choice quote: "A first idea for obtaining 'typical' programs was to go to
Stanford's Computation Center and rummage in the waste baskets and the recycling
bins. This gave results but showed immediately what should have been obvious:
waste-baskets usually receive undebugged programs."
D. E. Knuth, "The errors of TeX," Software: Practice and Experience, vol. 19, no. 7, pp. 607-685, 1989. http://dx.doi.org/10.1002/spe.4380190702 Knuth recounts and analyzes the process of developing the TeX computer typesetting
system.
A. Einstein, "Zur elektrodynamik bewegter körper," Annalen der Physik, vol. 322, no. 10, pp. 891-921, 1905. http://dx.doi.org/10.1002/andp.19053221004 Einstein's seminal paper "On the Electrodynamics of Moving Bodies" that proposed
the theory of special relativity. A good English translation is available online
at http://www.fourmilab.ch/etexts/einstein/specrel/specrel.pdf |
What's your favorite scientific paper? | tokenadult: "Massive IQ Gains in 14 Nations: What IQ Tests Really Measure" by James R. Flynn in Psychological Bulletin. Here is the correct APA citation form, modernized with the doi reference:Flynn, J. R. (1987). Massive IQ gains in 14 nations: What IQ tests really measure. Psychological Bulletin, 101, 171-191. doi: 10.1037/0033-2909.101.2.171URL:http://psycnet.apa.org/journals/bul/101/2/171.htmlThis was a path-breaking paper, which, as N.J. Mackintosh comments, introduced many psychologists to long-ignored data that could have been noticed long ago: "the data are surprising, demolish some long-cherished beliefs, and raise a number of other interesting issues along the way." |
What's your favorite scientific paper? | tel: Shannon's original paper introducing Information Theory is pretty great.Shannon 48 [http://cm.bell-labs.com/cm/ms/what/shannonday/shannon1948.pd...] |
What's your favorite scientific paper? | BrentRitterbeck: "Estimating betas from nonsynchronous data" by Myron Scholes and Joseph Williams in Journal of Financial Economics, December 1977, pgs. 309-327.Abstract is below.Nonsynchronous trading of securities introduces into the market model a potentially serious econometric problem of errors in variables. In this paper properties of the observed market model and associated ordinary least squares estimators are developed in detail. In addition, computationally convenient, consistent estimators for parameters of the market model are calculated and then applied to daily returns of securities listed in the NYSE and ASE. |
What's your favorite scientific paper? | naveensundar: The paper which started it all :)
http://www.thocp.net/biographies/papers/turing_oncomputablen... |
What's your favorite scientific paper? | neilc: The System R retrospective paper is a pretty masterful example of a CS systems paper:http://www.cs.berkeley.edu/~brewer/cs262/SystemR.pdfIt helps that they are describing a pioneering software project and they had the benefit of hindsight, but nonetheless, a great read. |
What's your favorite scientific paper? | beza1e1: My current favorite paper of the month: "An efficient implementation of graph grammars based on the RETE matching algorithm" by H. Bunke, T. Glauser, T. Tran
http://dx.doi.org/10.1007/BFb0017389Abstract: This paper is concerned with the efficient determination of the set of productions of a graph grammar that are applicable in one rewriting step. We propose a new algorithm that is a generalization of a similar algorithm originally developed for forward chaining production systems. The time complexity of the proposed method is not better than that of a naive solution, in the worst case. In the best case, however, a significant speedup can be achieved. Some experiments supporting the results of a theoretical complexity analysis are described. |
What's your favorite scientific paper? | tectonic: Radia Perlman's pivotal 1985 paper "An algorithm for distributed computation of a spanningtree in an extended LAN"http://www1.cs.columbia.edu/~ji/F02/ir02/p44-perlman.pdfMore papers should have their algorithms in rhyme! Algorhyme
I think that I shall never see
A graph more lovely than a tree
A tree whose crucial property
Is loop-free connectivity.
A tree which must be sure to span
So packets can reach every LAN.
First the Root must be selected
By ID it is elected.
Least cost paths from Root are traced.
In the tree these paths are placed
A mesh is made by folks like me
Then bridges find a spanning tree. |
What's your favorite scientific paper? | shalmanese: Principles of traditional animation applied to 3D computer animation. By John Lasseter of Pixar fame, breaking down the infamous Luxo Jr animation.http://www.cs.duke.edu/courses/cps124/fall01/resources/p35-l...Dietary pesticides (99.99% all natural). By Bruce Ames, inventor of the Ames test on how virtually all of our toxic chemical ingestion comes from natural, plant sources. And completely destroying the myth of organic food being less harmful.http://www.pnas.org/cgi/reprint/87/19/7777.pdfA Meta-Analytic Examination of Assumed Properties of Child Sexual Abuse Using College Samples. The only paper in history to be condemned by the US House of Representatives.http://www.psycnet.org/journals/bul/124/1/22.pdf |
What's your favorite scientific paper? | whyenot: A little off the beaten track for HN, but a classic paper in ecology that introduced the idea of trophic cascades:Hairston, Smith and Slobodkin. 1960. Community structure, population control, and competition. American Naturalist 94: 421-425.see http://en.wikipedia.org/wiki/Trophic_cascade for more information |
What are the best links that we've missed? | yungchin: A couple of days ago I was really looking for everyone's insights on this patent application by Google:
http://news.ycombinator.com/item?id=1042128
... but the original title I put on it didn't make clear what it was (I think it said "Google News related"). If it could get a second chance, I'm still quite curious what people think. |
What are the best links that we've missed? | rms: This one didn't make it because of tweet down-weighting.http://news.ycombinator.com/item?id=1049016 Still no confirmation... |
What's your favorite scientific paper? | mirrors: "Through a Glass Darkly" by Steven Krantzabstract: We consider the question of how mathematicians view themselves and how non-mathematicians view us. What is our role in society? Is it effective? Is it rewarding? How could it be improved? This paper will be part of a forthcoming volume on this circle of questions. |
What's your favorite scientific paper? | thisrod: Cavendish's Experiments to determine the Density of the Earth is still worth reading. In the 18th century, it took some impressive hacking to isolate two balls sufficiently that their mutual gravity was the strongest force acting on them. |
What's your favorite scientific paper? | proemeth: I like Guy Steele's "Debunking the 'Expensive Procedure Call' Myth".
http://repository.readscheme.org/ftp/papers/ai-lab-pubs/AIM-... |
What's your favorite scientific paper? | natch: The Tragedy of the Commons by Garrett Hardin is pretty good, and is considered a classic.http://www.garretthardinsociety.org/articles/art_tragedy_of_...It's in the field of population biology, but the principles are broadly applicable to any system where self-interested actors can gain more than they lose by actions that hurt the community. |
What's your favorite scientific paper? | gphil: Ken Thompson's "Reflections on Trusting Trust."Actually, I'm surprised this hasn't been posted yet: http://cm.bell-labs.com/who/ken/trust.html. |
What's your favorite scientific paper? | rawwell: 378 page attempt to proove 1+1=2
http://scienceblogs.com/goodmath/2006/06/extreme_math_1_1_2....
"after 378 pages, <Bertrand Russell and Alfred North Whitehead> were able to talk about how you could prove that 1+1=2. But they couldn't actually do it yet, because they hadn't yet managed to define addition." |
How to hold an online fundraiser? | edwardmccaughan: coincidently, I've just hit a similar problem and looking for a solution (mine is a swear jar webapp which automagicly donates to charity when you press it)so far things I'm thinking:1-use the paypal api to directly donate from the user's paypal account into a charities paypal account. (easy, but requires the charity to accept paypal)2-there are a few sites with apis
--http://www.globalgiving.org/api-contest/ looks like you can give the api a charity id and some credit card details and it'll handle the donation
--justgiving.com and missionfish.com have private/beta api's that were let loose at charityhack.org, but aren't publicly availible yetanyone seen anything else similar or better? |
What's your favorite scientific paper? | dneun: John Backus: Can Programming Be Liberated from the von Neumann Style? A Functional Style and Its Algebra of Programshttp://www.thocp.net/biographies/papers/backus_turingaward_l... |
Where are the enterprise gurus? | bhousel: Mike Taber's recent writeup on enterprise software is pretty good:http://www.miketaber.net/2009/10/29/how-to-sell-enterprise-s... |
What's your favorite scientific paper? | BioGeek: Ben Fry (of Processing fame)'s PhD thesis: "Computational Information Design".Abstract:The ability to collect, store, and manage data is increasing quickly, but
our ability to understand it remains constant. In an attempt to gain
better understanding of data, fields such as information visualization,
data mining and graphic design are employed, each solving an isolated
part of the specifi c problem, but failing in a broader sense: there are
too many unsolved problems in the visualization of complex data. As a
solution, this dissertation proposes that the individual fi elds be brought
together as part of a singular process titled Computational Information
Design.This dissertation first examines the individual pedagogies of design,
information, and computation with a focus on how they support one
another as parts of a combined methodology for the exploration,
analysis, and representation of complex data. Next, in order to make the
process accessible to a wider audience, a tool is introduced to simplify
the computational process for beginners, and can be used as a sketching
platform by more advanced users. Finally, a series of examples show
how the methodology and tool can be used to address a range of data
problems, in particular, the human genome.http://benfry.com/phd/ |
What's your favorite scientific paper? | figured: I am quite surprised that I don't see Roy Fielding's "Architectural Styles and the Design of Network-based Software Architectures" on this list (aka his REST PHD paper). I have not read many dissertation, in fact i think this is the only one, but I found it very approachable.http://www.ics.uci.edu/~fielding/pubs/dissertation/top.htm |
I made $24k over the last month. Now what? | oomkiller: Keep making apps, use the money to hire people to work with you, and then soon, FOR you. That's the endgame here. If you don't want to do that, hire a financial advisor. They can tell you how to invest it that will suit your wishes. |
I made $24k over the last month. Now what? | AndrewHampton: http://www.kiva.org/ |
I made $24k over the last month. Now what? | icey: First, congratulations; that's a pretty impressive feat on the app store.Have you thought about taking some of the income and using it to hire other developers to increase the number of apps that you've got being developed at once? It seems like you know what works and doesn't work on the app store, so it would probably make sense to start trying to make your efforts scale up. |
I made $24k over the last month. Now what? | ericb: I would focus on whatever you can do to keep your winning streak going in the app store. Why search for another get rich quick scheme while the one you have is still working? Most schemes don't work, so focus on optimizing your milking of the cash cow. |
I made $24k over the last month. Now what? | iworkforthem: Invest in companies. |
I made $24k over the last month. Now what? | kp212: Nice work. I hope I can have this problem some day! |
I made $24k over the last month. Now what? | gregcmartin: Seriously what ericb said, milk the app store and advertise your apps online if you can, keep it going but the investment climate is lame everywhere. I am now in the same situation where I had 30k cash for the first time with no debt and I essentially put it in a safety deposit box at the bank so I won't spend it. If you look at money market, CD's etc, they all stink right now so just lock it up.If you have not bought a house yet then I would look into doing that and taking advantage of the 8k tax break for first time home buyers. Sounds like you have enough down payment to cover 20% and get out of the PMI insurance.You might use that money to hire another developer you can train and crank out more apps, and hit the android market as well. |
I made $24k over the last month. Now what? | leelin: It sounds like you want to invest the money in yourself, which is understandable and entrepreneurial.As life continues, you'll find yourself with increasingly more disposable money (hopefully), and directly investing in yourself doesn't scale (either it's too risky or you can't use it to make yourself more productive).Sadly, eventually you have to invest in other countries, companies, assets, or people; in short, invest in something you wish you could control more.It's a good yet stressful problem to have, but maybe the most comforting tidbit in your case is I doubt the windfall you earned is a one-time thing. The lottery winner or not-so-bright heir to a sizable inheritance is in worse shape. |
I made $24k over the last month. Now what? | blhack: The biggest asset that you have and the one that can create the most money for you is yourself. Yeah, that sounds really cheesy, but you've already showed that it's true.Invest the money in yourself. Bank it and use it so that you can ensure that you aren't going to need to spend your time making somebody else money in the future.Some people have said to invest it in companies...the thing is that you are a company and it sounds like you're a pretty profitable one. |
I made $24k over the last month. Now what? | jsankey: What I know how to do best is the app store, but I want other type of things that do not require much time investment, but give as good returns as that.What do I do with the money? How do I invest it in making more money quickly?Little effort, fast return? Then you need to take high risks. Is that really what you want? Maybe you'd be better off trying to scale your skills (which have gotten you this far) by expanding into other platforms/niches? Contracting out some of the work could help. |
I made $24k over the last month. Now what? | ShabbyDoo: There's nothing wrong with continuing to ride a gravy train you know is going to end (or at least slow down) as long as you don't convince yourself it's going to keep going forever.>I want other type of things that do not require much time investment, but give as good returns as that.Why do you not have time? I presume you are referring to the time required to, say, manage rental properties? You've already proven that you're very good at creating software users want to BUY(!), so why not take some of the time that this money affords you (pay a maid, etc.) and figure out something more substantial to build while you're still able to milk the app store cow every morning? |
I made $24k over the last month. Now what? | taylorbo: No one has a guaranteed way to make more money quickly...but here's some ideas.Invest in startups - You might see amazing returns in ~2-5 years, but the risk is very high.High risk hedgefunds - All equity/bond/commodity investment doesn't have to be slow. It can be risky and full of high returns/loses.My favorite idea...
Expand what you're doing: Use your proven track record and revenues to bank roll your own app store based startup/shop. Hire some people, branch out a bit and look into the android platform. You can avoid the need to take money from outside investors, and multiply your money that way. |
I made $24k over the last month. Now what? | vaksel: you can do what Jacques does, he also has a "passive" income from one of his sites, so he makes a few small time investments here and there.You really don't need a lot of money to invest. Just look at the HN model. As an angel all you need is 25K to get into most early rounds. |
Where are the enterprise gurus? | jayliew: Are you selling to the enterprise? If you have specific questions, I could probably answer some - based on my experience working for a public Fortune 500 that sells to entreprise |
I made $24k over the last month. Now what? | cellis: I once read "Never give financial advice for free:
if it is good advice, you won't get credit,
and if it is bad advice -- you'll get the blame".
You should consider why anyone here would give you advice on how to turn xx,xxx into millions quickly. HN is full of smart people who are fully capable of getting their hands on that much in vc/other leverage and doing it themselves. Any advice they give you, from a purely competitive standpoint, erodes their chances of success.tl;dr - If anyone knew of a way to turn 24k into millions, why would they say how to do it for free? |
I made $24k over the last month. Now what? | jonnycowboy: Just travel, with a small laptop (for support). You'll be able to live for over a year on that money in places like New Zealand, China, India, etc etc.
Or rent/buy a small RV and see rural America! |
Why do you hate your IT department? | backroomcoder: I wish that our corporate/internally based hosting service was as good as the best external hosting companies. Therefore, 3-4 days to deliver servers for a new application to be tested on; rather than 3-4 weeks. Not quite an answer to the question but I believe the it department could be alot more effective if it wasn't for process and bureaucracy |
I made $24k over the last month. Now what? | jasonlbaptiste: Find something that is undervalued significantly, dress it up with great tech/service/usability, and dominate that area. Odds are it won't be anything in the mainstream tech circles (ie- realtime web). |
Why do you hate your IT department? | backroomcoder: correction. 3-4 hours instead of 3-4 weeks |
I made $24k over the last month. Now what? | jackowayed: Clickable graph link: http://imgur.com/T0z5p.png |
I made $24k over the last month. Now what? | petewailes: Build a business using it. Pithy version:1. Look for a niche that hang around online, but don't know much about web stuff. Mumsy things, crafts... anything that's a tightly knit niche2. Find their forums/blogs etc, and ask them what would make their lives easier? What would be the one thing that would be awesome that they want.3. Build it. Possibly hire people to help you4. Have a free, lightly crippled version (so it's still highly useful and awesome, but clear there's more awesome where that came from if they cough up)5. Hire (hint hint) an awesome marketer and copywriter to design, write and perform ongoing analysis and optimisation of the sales funnel, traffic generation and site navigation6. Reinvest the money in entering more niches, and refining the processYou should be able to launch a site a month, with an average sales volume of 7-15k from each site after 6 months or so. 12 months down the line, that should be earning you upwards of 100k p/m sustainably, with a max of 4 employees. I'm fairly sure you can live off that. |
I made $24k over the last month. Now what? | patio11: Hire people to do the things you do which have the worst tradeoff of hours expended per unit of value added. Alternately, hire people to automate those things.And I'd SERIOUSLY consider at the very least a) setting yourself up a SEP-IRA and b) socking away the maximum in an index fund. It is essentially monopoly money to you anyhow at the moment, right? Trust me, you won't regret having 30 years of appreciation on your monopoly money when you retire. (This will also simplify your tax planning for this year.) Index funds are a no maintenance investment -- as long as you can pretend that the money doesn't exist, you can get by with checking them once a year (or less!) |
I made $24k over the last month. Now what? | bg4: My honest opinion is to bank the remaining after taxes - especially if you don't have six months living expenses set aside in a money market fund or something like that. If you do have that, then use it to buy other people's time to make your small apps. |
I made $24k over the last month. Now what? | lrm242: Hrm, I think you're forgetting about the most important money making tool available: compound growth. Let's assume the following:You invest your current 24,000 and each month you add 20,000 to your investment. Let's further assume that you can achieve an annual return of 3.5% and that return is evenly distributed over the year. In this scenario you'd end up with $520k after two years. You're half way to being a millionaire.If you instead contributed $25k each month you'd end up with nearly $650k after two years. That's 50k above your contributed principal or an 8.3% return over two years. Further, your risk is significantly reduced over any other get rich quick scheme and this allows you to continue to focus on what you're doing. |
What are the best links that we've missed? | jayliew: I use PostRank (what used to be AideRSS) to sift through my piles of hundreds of RSS feeds. Basically some feeds are so high volume that I can say, "give me the top 30% most popular" only and just look at those. There are buckets like "good", "great", etc.It does various things to determine the interesting-ness of a blog post.http://www.postrank.com/ |
I made $24k over the last month. Now what? | swombat: I don't know what to do with the money, how to use this very large monthly income to actually make myself richWhat would you do if you had already made yourself rich? What would you spend your time on?Why not start doing that right now? Why do you need to "make yourself rich" before you can do it? |
I made $24k over the last month. Now what? | eraad: Give it all to me. I will make good use of it and give you back some extra bucks in a couple of years. |
I made $24k over the last month. Now what? | DanielBMarkham: Find a co-founder (or not) and invest in an app in a more stable ecosystem with longer-term potential. |
Please review my new website www.favilous.com | mikewhyley: Looks nice - need to experiment with a delicious alternative - this could be just what i'm looking for. |
I made $24k over the last month. Now what? | w3matter: Make sure you pay your taxes dude |
I made $24k over the last month. Now what? | mydigitalself: Property can be a short-term investment too. Buy something that needs work, do it up, sell it on. It's fun, creative and rewarding too, although not without risk either. |
I made $24k over the last month. Now what? | petervandijck: The internet thing to do would be to make a member-only site where you teach people everything you know about making money on the appstore, and charge 97$/m subscription. Run that for a year or two, then sell it. |
I made $24k over the last month. Now what? | jackowayed: I know it's risky, but I wouldn't count out the stock market.With the whole financial meltdown, the stock market tanked, and there was no doubt they'd go back up. A year ago, even though I was 15, only had a grand or so, and needed the money a year and a half from then for college, I considered the stock market because I knew they were going to shoot back up (and they did).So if it were a year ago, I would be screaming stock market at you. But now the Dow is back over 10k, so I see it as a much more risky move. That seems pretty high considering the current state of the economy.But if you see it fall back down toward 8k, I would buy, as one can be pretty certain that it will be back around 10k sometime in the next 2 years. Also, right now, interest rates are in the toilet, but stock dividends from most companies are actually paying decent rates. |
I made $24k over the last month. Now what? | sreitshamer: Invest in yourself! Working for yourself can make you a lot happier. Since your living costs are low you're in a great position to build a business using that cash.EDIT: Plus by starting a company you'll immediately promote yourself to CEO. If you ever get a job again in the future, it'll be at a higher level, more pay, etc. |
I made $24k over the last month. Now what? | rsheridan6: What you're looking for is a get rich quick scheme, but you're not going to find one here (not a legit one, anyway).Here's an idea: have your cousin in the Illinois state legislature throw you some lucrative contracts. That's the kind of get rich quick scheme that works. Don't have a cousin in the Illinois state legislature? Then you'll have to do something that requires more time investment if you want both a reasonable chance of success and a high, rapid ROI. |
I made $24k over the last month. Now what? | johnconroy: Well done! play it safe though: a nice property and an equity tracker fund.Jesus I wish I was in your shoes. |
I made $24k over the last month. Now what? | Nassrat: I think what you are looking for is to incubate startups |
I made $24k over the last month. Now what? | jeromec: I think the answer heavily depends on how confident you are in yourself. Do you feel your success was a fluke, or could you mimic it with something else? Having 24K in capital is great, but if you know anything about the tech startup space you'll know it's no sure ticket to riches. You need to board a train that can take you higher, and that either means something you do yourself or tagging along with someone else. Both are uncertain roads, so my best advice is to research and weigh your decisions carefully. You might come back and ask HN a 'Should I invest money in this?' question. |
I made $24k over the last month. Now what? | jorkos: I would think about monetizing your experience of making money through apps; take a small amount of your money and create a resource for building and deploying cheap apps - this could be in the form of a PDF, etc. Add a dynamic element like 2 hours of personal consultation. Sell at a few price points and package this through a new app "Learn to sell apps app" - buyers need to get the app to get the PDF.This type of strategy leverages your experience & diversifies your revenue streams w/ very little capital requirements....to make serious income you want to move beyond just creating apps which may have very short life spans. Good luck |
I made $24k over the last month. Now what? | sethg: I do NOT want to invest in the stock market, or invest in anything long term like bonds or property. I want to somehow use the money to make more money quickly (within a 2 year time span).If you’re looking for investment tips, I recommend the book A Random Walk Down Wall Street.If you’re looking at the broader question “what should I do with all this free cash flow”, hiring someone else (as many others have suggested) isn’t a bad idea, as long as you think that the time freed up by delegating work to someone else will free you up to work on your next money-making project. |
Please review my new website www.favilous.com | Jim_Neath: I'm being shown the line:"Favilous is supported on all major browsers excluding Internet Explorer 6. Upgrade to the latest version of Internet Explorer."I don't think I need to see this as I'm on Safari. |
How do you juggle time spent on learning vs. time building things? | benedwards: I learn by building stuff.Being able to show off something you've built is better than showing a certificate for something you studied for. |
I made $24k over the last month. Now what? | andrewcooke: i think that it's pretty clear that getting rich is largely luck. you were in the right place at the right time with the right skills. if it was more than that, then you'd be able to repeat it without advice, right?given that, two approaches make sense to me:1 - treat it as a lucky break and consider how best to make it last over the long term, as a one-off. but you say you don't want to do this in your question.2 - try to somehow increase the odds of getting lucky again. you can use money to improve your chances in various ways: by improving your skill set; by allowing you to fail more often before you starve; by out-sourcing work not associated with "taking a chance" to someone else; by entering a market with a higher barrier to entry (where you need to invest more up-front) but with, hopefully, less competition.perhaps the best approach is to see (1) as yet another way to do (2). in other words: invest the money so that you have a small but reliable income over as long a period as possible (a ramen fund, if you like), so that you can keep trying new ideas.ps i think the biggest argument against the "luck" hypothesis is that very rich people tend to get richer. but i suspect that's because they exploit information available only to people in their position; $24k doesn't buy your way into that. |
I made $24k over the last month. Now what? | Apreche: Do what I would do. Just take a trip around the world, and forget about it. |
I made $24k over the last month. Now what? | jpcx01: Pay your taxes. After that, it wont seem like all that much money. |
What's your favorite scientific paper? | billswift: It isn't quite a scientific paper, but Feynman's "Personal Observations on the Reliability of the Shuttle", http://www.fotuva.org/feynman/challenger-appendix.html, published as an appendix to the commission's report is an excellent piece of work. |
I made $24k over the last month. Now what? | shareme: invest in building products |
I made $24k over the last month. Now what? | gte910h: 1. Make More Apps
2. Diversify into Android
3. Stick it in the bank until something great comes along.Cash is very useful. Do not downplay that. |
I made $24k over the last month. Now what? | prakash: I saw this book when Paul Buchheit shared his amazon history, haven't read it. How to Be Rich by J Paul Getty.Also, read this, http://blogmaverick.com/2006/01/02/my-investment-advice-for-... & this http://blogmaverick.com/2008/10/04/how-to-get-rich/ |
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