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I made $24k over the last month. Now what? | jonallanharper: 1. If you don't already have one, set up a gold-backed IRA and contribute the max.2. Then, I'd personally either invest in gold or silver 1 oz bullion. Apmex.com is a great site to buy from. Chances are extremely slim that you'd lose the cash your making, if you convert to gold.3. Keep some in a money... |
I made $24k over the last month. Now what? | Poiesis: Nice problem; I hope to have it someday.First: I echo the previous posters urging you to reconsider the stock market. It's low maintenance and is a nice way to diversify away from your business if you feel it's not sustainable.I just reread your post and noticed the implication of "I do not want to invest...l... |
What's your favorite scientific paper? | abyssknight: Robust Real-time Object Detectionhttp://research.microsoft.com/en-us/um/people/viola/Pubs/Det...This paper describes a visual object detection framework that is capable of processing images extremely
rapidly while achieving high detection rates. There are three key contributions. The first is the introduct... |
I made $24k over the last month. Now what? | mrtron: Be wary of trying to recreate the success using a similar but different model. Many people fall into that trap and fail.For example, if you carefully built apps and they seem to be selling well hiring a bunch of people to build more apps may not work. The apps may not be of the same quality, you may not be ab... |
Please review my new website www.favilous.com | evlapix: It took me a moment to find the "Sign Up" button/link. I checked in some of the usual places.. At the top of the page near the "Sign In/Have an account?" link, the main navigation, and in the actual slide show to no avail. I eventually found it and felt stupid for not seeing it earlier. |
How do you juggle time spent on learning vs. time building things? | Mz: I have been, in effect, "working two full time jobs" -- one for a paycheck, and the other spending a great deal of time resolving my health problems. Getting more efficient and healthier has gradually started providing me some time, energy and mental focus for doing more than just getting through the damn day. Fo... |
I made $24k over the last month. Now what? | stewiecat: 1. Taxes
2. Retirement savings.Max out your IRA, Roth, etc to take advantage of your (I'm assuming) youth and the magic of compound returns. |
I made $24k over the last month. Now what? | rufugee: Rather than advice, I have questions....namely, is there a list of your published apps somewhere? I'd like to understand the types of simple applications you're developing.Thanks! |
I made $24k over the last month. Now what? | hedgehog: Market yourself. Write a book & give talks about your process for making winners. Lots of people want to know how to make money in the App Store. There might be a higher-priced corporate training market for how to make popular apps for marketing purposes (think packaged food or sports apparel industry).On rea... |
Please review my new website www.favilous.com | daok: Positive : I like the guided Tour. It's not a traditional video and it's quite interesting.Negative: I found the color a little dark but this might just be me. Nice website keep the good work. |
I made $24k over the last month. Now what? | perlpimp: Convert your apps into chinese. Even tiny fraction of possible market like that is huge. Conversion should be more or less trivial, translation effort is cheap :) |
I made $24k over the last month. Now what? | cognomen: What is the software you used for the graph? Thx. |
I made $24k over the last month. Now what? | portman: "What I know how to do best is the app store"Set yourself up as an _angel investor for iPhone apps_. Like a mini-mini-mini YCombinator.Based on your experience, you should be very good at evaluating an individual's chances of creating a successful app. Solicit pitches (HN would be a great source) and make 5 sm... |
How do you juggle time spent on learning vs. time building things? | mahmud: I build stuff quicker, and better after taking some time off to learn. |
I made $24k over the last month. Now what? | anigbrowl: Good work. If this is solo, then I add my voice to others saying hire a few people with half and save the other half.You say you don't want to invest, but since California is in the first stages of being hit by an epic storm system that will play out over the next 2 weeks, civil engineering businesses on the... |
I made $24k over the last month. Now what? | kordless: Lots of people saying 'invest in yourself'. I'd take that a step further and say 'invest in your company'. If you haven't already, set a company up and hire someone to do stuff like customer support, basic marketing, etc. Do your books yourself, with a CPA's help (and with his financial planning), or have ... |
I made $24k over the last month. Now what? | nandemo: If you aren't doing it yet: translate and localize your apps, then sell them in other countries' App Stores. |
I made $24k over the last month. Now what? | bucciarati: Donate 0.01 of your money to Wikileaks, like I did. Your 0.01 will make more difference than mine did. |
How do you juggle time spent on learning vs. time building things? | Ixiaus: I came to a similar conclusion as you have about seven months ago. My conclusion was that 9-to-5 takes far too much time and energy out of my own life; I'm essentially giving all of that time to someone just for the ability to pay bills and enjoy eating out on the weekends.I had very little time to do any of my... |
Please review my new website www.favilous.com | zzzmarcus: Guided tour didn't work for me. It loaded but never started playing. I didn't immediately notice any other way to find out what exactly the site is or does. Clicking the links in the bottom columns just took me to other sites. |
I made $24k over the last month. Now what? | robak: Whatever you do, remember about this rule: Capitalism separates fool from his money. Aka: invest only in things you understand (Warren Buffet's motto). |
I made $24k over the last month. Now what? | hyperbovine: I want to somehow use the money to make more money quickly (within a 2 year time span).As others have pointed out the best asset you have is your ability to crank out mobile apps that people are willing to pay for. Not to burst your bubble, but even $24k a month is nowhere near enough for you to kick back ... |
I made $24k over the last month. Now what? | mschy: 1) I'd set aside enough money to live for a year in something that's boring, low-return and dead safe. And I wouldn't touch it. This will give you enormous flexibility when deciding what to do with your life and career.2) I'd talk to financial professionals to figure out how to structure things for maximum gai... |
I made $24k over the last month. Now what? | iamelgringo: Expand, grow, conquer.- Hire a few contractors to grow your stable of apps. You seem to know what works. Expand on what you're doing so you can do more of the same.- Build your brand, that way you can use the market you've built to transfer interest from one app to other apps, (as you've been doing on li... |
Review our Business TV Startup | zen53: Hey All,Would love to get your feedback on a site I am working on at the moment. We just launched today so expect it to have a few bugs that need ironed out still.Thoughts on branding/UI/Site content etc very much appreicated - either positive or negative. Will take them onboard/review and implement.(Note: smart... |
I made $24k over the last month. Now what? | drawkbox: Like others mentioned, keep in mind you owe about 45% taxes. 30% ish for actual taxes then 15% for self-employment tax. SO that 24K is really about 14K.Also keep in mind that was during the holidays it seems or maybe after a few game launches that did well. You won't see the same level of revenue steadily ... |
Please review my new website www.favilous.com | alilja: It's a good start, but it feels like it's a bunch of unconnected ideas at this point. I think you need some better copy, but you also need to refine your layout.Overall, it feels too busy. Items are shunted together in a confusing way, and they don't feel like they related to each other. Look at sites like http... |
Side Project Turned Turned Obsession - Please Review My Site | noodle: i actually really like the print catalog builder concept. i've not seen it on other (admittedly few) ecommerce solutions that i've looked at. i feel like if you were to develop this into a generic plugin for other ecommerce solutions, you might have something unique that people could purchase without having t... |
I made $24k over the last month. Now what? | kyro: You have the method by which you can generate lots of money in a short period of time; you just proved that to us with that $24k. But you say your problem is the time and effort expended to create your apps, so I'd suggest you take a portion of your money to hire others, create more apps, and saturate the App Sto... |
Please review my new website www.favilous.com | teye: I clicked the link and immediately thought, "How is this any different from Delicious? Why would I use this?"Sell me! On the front page, above the fold. |
I made $24k over the last month. Now what? | tjoozeylabs: What apps are you flipping? |
Please review my new website www.favilous.com | Vindexus: I'd move the "Take a Tour" link to a more prominent location and make it a button. It took me a while to find it. The tour was good at showing me what this was all about though. |
I made $24k over the last month. Now what? | azf: So, you'll probably get about $100k until the income is gone. If you keep working, you have 50-50 chance to keep going for a longer periods of time - most likely less than that.There's no way to multiply that little money in just few years by investing it without jeopardizing it all. You won't even qualify as a pr... |
How do you juggle time spent on learning vs. time building things? | ax0n: I was recently laid off from (oddly) a Three-Letter-Corporation after a 3.5 year run of things, but probably not the one you work for. For the last 20 years, I've been passionate about technology, and for more than half of that, I've been publishing technical articles (or at least rants) on my findings. It's now ... |
I made $24k over the last month. Now what? | Keyframe: Buy AAPL, they made you some money already - they will make you more with "iSlate" soon enough. </semi-serious> |
Please review my new website www.favilous.com | tdupree: Congrats, delicious needs more competition in this space. I started working on something like this with a couple buddies of mine about two years ago with the read sites later stuff, syncing across browsers, etc. Our project, favtopia.com, ended up getting put on a semi-permanent hold as we had other things w... |
I made $24k over the last month. Now what? | CalinCulianu: I have the exact same problem.And no, don't pay your taxes YET. I would actually invest in hiring some artists and developing even MORE apps. Maybe just outsource their development. It can be a lot of headaches but if you were able to code the apps yourself then likely you can extract decent work out o... |
I made $24k over the last month. Now what? | webwright: Seems like there MIGHT be some real estate opportunities in some parts of the US. Short sales in Vegas or parts of CA might be interesting. Income properties (strip malls) might be available for cheap. Fourplexes, too.I tend to lean towards our current irrational spending/printing resulting in hyper-infla... |
I made $24k over the last month. Now what? | CalinCulianu: BTW the dollar is going to tank in the next couple of years. The stupidest thing you can do is buy dollar-based securities. If you MUST invest, buy GOLD.No joke. |
Side Project Turned Turned Obsession - Please Review My Site | awa: Clickable: http://www.wizifi.com |
How do you juggle time spent on learning vs. time building things? | jnovek: "I assume this problem doesn't only apply to people in a big corporation but even more so for people in a startup, where time is scarce and execution is king."I found that I stopped learning things when I started working for someone else. Then when I started working on my startup, I started learning things aga... |
I made $24k over the last month. Now what? | rphlx: Why are you opposed to stocks/bonds? Not implying the trend will continue, but there are commodities and diversified foreign stock market ETFs that returned 50-100%+ last year with greater liquidity and less risk than nearly all startups.Also, there are bond ETFs/funds that are very liquid. I am a big fan of the... |
I made $24k over the last month. Now what? | bravura: Invest in my company (or another hner) in exchange for convertible debt. Micro invest to help startups pay for concrete little expenses like hosting.
It might not give a high return on investment but it would be personally rewarding, and help you evaluate potential future collaborators.Congrats by the way! |
I made $24k over the last month. Now what? | thinkbohemian: Thought Experiment: Give it to your 18 year old self...what would they do with the money? |
I made $24k over the last month. Now what? | colinplamondon: The ecosystem is pretty damn stable when you have a relatively up-market app. We've had stable growth with one application for the past six months, and crazy little variance in our category rank. Maybe develop a larger application, one that you can market for the long-term? |
I made $24k over the last month. Now what? | throwaway5566: Invest in yourself.You've already proven that you are capable of doing great things. Work to increase your capabilities.To generate wealth, in my opinion it's best to do things that are aligned with what you are interested in. Since you have demonstrated ability with business and technology, and some cap... |
How do you juggle time spent on learning vs. time building things? | aaronblohowiak: The dedication to continual education is difficult and something that you have to fight for. Some employers are more understanding than others. If you fail to keep learning, your skills will be obsolete and it will be harder to find work. |
I made $24k over the last month. Now what? | vessenes: Judging from responses here, and my own experience, I think you need first of all to make some life decisions.Here are the questions I'd try and answer first:1) What sort of life do I want for myself? Do I want to keep programming cool stuff as ecosystems come along? Do I want to manage programmers? Do I want... |
What's your favorite scientific paper? | greatfog: Lucas Kovar, Electron Band Structure In Germanium, My Ass[http://pages.cs.wisc.edu/~kovar/hall.html]Abstract: The exponential dependence of resistivity on temperature in germanium is found to be a great big lie. My careful theoretical modeling and painstaking experimentation reveal 1) that my equipment is cra... |
Please review my new website www.favilous.com | richcollins: Design feedback: That background needs to go.
Marketing feedback: Tell me what I get out of using it, not how it works. |
I made $24k over the last month. Now what? | gojomo: Even if you know the app store flow is fragile, I doubt anyone can tell whether it'll turn in 6-months or 6-years.If you are an expert in making money there, ride that wave -- looking for something comparably-lucrative-but-different is a distraction. Optimize the hell out of your current flows -- find ways that... |
Review our Business TV Startup | johnrob: My first impression of the site was that it was a directory of videos featuring bosses ("meettheboss.tv" implies just that). However, the site looks overly complex given that mission... there are channels, articles, training, podcasts, etc.You should either make the product as simple as the name (i.e. simplif... |
Review our Business TV Startup | d4ft: So what extra does this provide outside of the numerous other startup/how to rule world video sites (Mixergy comes to mind), and will whatever that extra is make it monetizable? For instance, are you guys producing your own content, and if so, are the people saying different things than they have already said els... |
I made $24k over the last month. Now what? | joe_the_user: Great that you're making money with your business. Great that you can tell it's far form from guaranteed.Just about any other business you'd name is also risky. (and if folks in HN know about something, you know you'll have competition). So no matter what else you do, keep a cushion. There's story everyda... |
I made $24k over the last month. Now what? | toisanji: Can you share with us what apps you are selling on the app store? |
I made $24k over the last month. Now what? | hello_moto: Buy a house (or a couple houses). Rent some of them, live on the one you like the most. Let the rent pays for the mortgage.Start thinking about having a family. Save money for your kids education. Save money for your parents. Save money for yourself for the old age (retirement plans [whatever the shape and ... |
I made $24k over the last month. Now what? | st3fan: Pension fund. |
I made $24k over the last month. Now what? | gyardley: You've probably got enough money and enough of an analytical mindset to explore the cost-per-lead affiliate marketing space, figure out what works through test buys (like poker, you've got to play a lot before you get good at it), and then have enough cash left over to float your operation while spending at a... |
How do you juggle time spent on learning vs. time building things? | eraad: I work at my own startup where I manage my own time and usually, the best time to read/learn is when I get stuck in the process of building something.Reading hacker news, stack overflow or even researching ideas on how to get through the problem in what I´m building allows me to "merge" learning and building.It´... |
Why do you hate your IT department? | nailer: Hi Alexk,I'm a infrastructure coder and have worked on a lot of big automation projects for everyone from IBM to the worlds largest hedge fund. If you need a partner I'd be happy to apply.Mike |
I made $24k over the last month. Now what? | messel: I'd suggest angel investing in startups that compliment your view on where things are headed. It's more fun than the stock market. You have proven knowledge of what's selling now, and understand software.The turn around is probably longer than 2 years though.Can you do the same thing with the Android store? |
I made $24k over the last month. Now what? | richardburton: Stash half and experiment with the other. No harm in putting some away in a cushion account. |
What history of economics and technology book would you recommend? | TrevorBurnham: "Knowledge and the Wealth of Nations" by David Warsh (2007). It's really two books: It shows how the academic field of Economics works today, and covers much of the field's history; and it also examines Paul Romer's theory of economic growth, which (succinctly) states that technological advancement is th... |
I made $24k over the last month. Now what? | iterationx: You could promote and seed a couple of stackexchange sites. I really have no clue what the revenue looks like but it seems like a dead simple idea. |
Can IP be shared on a custom software project? | noodle: i think the "right" answer kind of depends on their motivation for wanting IP. you know why they're asking for it? |
Review our Business TV Startup | callmeed: First off, the design of the site is fairly solid. I think you did a good job there.As johnrob stated, the name might be an issue–you don't want your brand to pigeon-hole you or give people the wrong impression.I have no idea what your monetization strategy is, but I would look into a paid section of the site... |
How do you juggle time spent on learning vs. time building things? | access_denied: Let's say you absolutely want to stay in 9-5... than I would constantly propose interesting projects inside the company. That way over time I would work on more exciting stuff. |
How do you juggle time spent on learning vs. time building things? | j_baker: The assumption is that learning things increases your execution time. In the very short term this is true. However, if you'd spent all the time learning the things that you wanted to learn, how much more productive would you be?It's like Jeff Bezos said:"I always tell people, if we have a good quarter it's b... |
Can my GPL webapp be a paid iPhone app? | roschdal: The web application in question can be tested here: http://www.freeciv.net/ |
Review my webapp (Dominion Set Randomizer) | adam-_-: I have absolutely no idea what it does (then again I've never heard of Dominion Set Randomisation?).Perhaps some more explanatory content would be good, or perhaps it is not aimed at me... |
How do you juggle time spent on learning vs. time building things? | imp: I tend to alternate between two extremes. One extreme is "get shit done anyway you know how ASAP!" The other is "learn, explore, take your time, and do things right." I let my own ambitions determine which zone I'm in, and they last from a couple weeks to months. What I learn while I'm in the "take it slow" zo... |
Can my GPL webapp be a paid iPhone app? | jmount: I am not a license expert- but I am pretty sure if you can only release your app as GPL (either it requires a GPL component you did not write or you are unwilling to release it non-GPL) then you can not make it an iPhone app (Apple seems to be hostile to this). In principle there is nothing wrong with charging... |
Can IP be shared on a custom software project? | jmount: In a lot of jurisdictions (California for instance) if you don't have any IP agreement then you are likely producing a "work for hire" that would mean the client owns everything (and you own nothing). So if you want to retain some ownership you will likely have to work out some (could be simple) IP agreement. |
Review our Business TV Startup | Vindexus: "MeetTheBoss TV is where future leaders learn."I think this is a bit ambiguous and sounds kind of marketingy. What does that it exactly? I think something along the lines of " learn how to be a better boss" or "how to climb the corporate ladder" or something along those lines would be better.I like the design... |
Can IP be shared on a custom software project? | jacquesm: You can go several ways on this: - work for hire (you sign over your rights)
- give them a license, a head start and a discount (you have the rights)
- make it a co-development and give them a stake in the
future proceeds (you create some vehicle that holds the
rights)
The difference between t... |
How do you juggle time spent on learning vs. time building things? | osipov: If you are working in consulting for a big corp which used to be a hardware company, then became a services company and is now trying to be a software company, then you need to get out of consulting. The odds are stacked against you and chances are you'll waste your carrier being pushed around from project to p... |
I made $24k over the last month. Now what? | lo_fye: The $ should be paid to your business, not you. Then pay yourself very little as a wage. Roll the rest back into the business (i.e. pay yourself to create apps/software that you think would be cool to build and sell). Repeat. |
How do you juggle time spent on learning vs. time building things? | arebop: I had a similar experience in my first year after college working for BigCo IT. I'm somewhat surprised that you went through this at a tech company, so I guess "big" is an important factor.Initially I thought that as with my high school programming job, I'd learn a lot at work. I also bought into a certain sens... |
Review my webapp (Dominion Set Randomizer) | imp: Yeah, I'm really not sure what it's for either. |
I made $24k over the last month. Now what? | teeja: Bank it and don't sweat it until you've got $250K lying around. Starting an IRA with part of it would be good ... but rewarding yourself is also good. |
I made $24k over the last month. Now what? | jseliger: Go read The Millionaire Next Door: http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/d... , which ought to be mandatory reading for anyone.What do I do with the money?Invest it in stocks or bonds.How do I invest it in making more money quickly?You don't. That's the problem: there is no way to reliabl... |
What key question would you ask a software engineering hiring manager? | jpluscplusm: 2 suggestions:1) Why not ask the question you asked here? "How much of this role will be new feature development?"2) Don't assume that the /manager/ really has the low-level information that will dictate how your time will be spent. Ask to meet the coders you'll be working with (not a bad idea in any inte... |
Can my GPL webapp be a paid iPhone app? | Someone: 1: I am not sure you understand what the App store is. The page you reference is not the App store; it is just a page where apple promotes URLs of web applications.2: You probably are the best to judge whether your clone complies with those requirements. Who wrote the code? Who created the graphics?3: Finally,... |
I made $24k over the last month. Now what? | imasr: Get yourself a woman. Problem solved. |
Do you know of a road conditions data source? | iterationx: http://developer.yahoo.com/traffic/ ? |
SpoofCard Clone | Spoofcard: SpoofCard.com is a patented technology http://www.google.com/patents?id=BJ-iAAAAEBAJ&zoom=4&... but I believe they have licensing and white label reseller programs http://www.spoofcard.com/distribute |
Please review our web application (http://thecadmus.com) | jayair: Clickable links:Site: http://thecadmus.comMore info about how we find top content: http://blog.anomalyinnovations.com/2009/12/cadmus-keeping-yo....And about the Trending Conversations feature: http://blog.anomalyinnovations.com/2010/01/cadmus-gets-trend.... |
I made $24k over the last month. Now what? | barmstrong: There are no 100% safe investments. But if you want to take the time to educate yourself on one of them, you can do well. Real estate is my preference over stocks.But if not, an ING direct savings account is a good start.And talk to rich people, to see what they are doing. |
Please review our web application (http://thecadmus.com) | covercash: I've been waiting for someone to come out with trending topics for friends ('friending topics' perhaps?)... now I just need this integrated into Tweetie and I'll be a happy camper!Nice clean design, I especially like the background textures. |
How do you juggle time spent on learning vs. time building things? | chreko: I am struggling with that same problem since I started my first job after graduation. For many times I had the feeling to have sacrificed myself and my personal interest for my career (= someoneelse).Only recently, I realized that this was a good experience nevertheless, but which has to stop now. It was good b... |
Please review our web application (http://thecadmus.com) | taitems: Setup was an absolute breeze!That is a really nice website design and UI, but your tagline (while great on a 24" Dell Monitor) is barely legible on older 17" Samsungs etc. |
What's your favorite scientific paper? | yu: - Codd 1969/1970 Relation algebra, operations, model papers
- Crick, Watson, (Franklin, Wilkin) Nature article on DNA.
- Shannon, Information Theory as listed/ mentioned. |
Please review our web application (http://thecadmus.com) | dannyr: I like the app a lot.It would be useful if you can list all the links being shared on my stream since I don't want to go through the tweets one by one. |
Get together in Tokyo? | startupgrrl: I'd like to get together the next time in Tokyo on startup business. Drop me a line on my google voice! I promise I won't try to sell you anything! Thanks a bunch!Sincerely,
StartupGRrL |
What should you do ? | cmelbye: I'm wondering that too. I had an idea, and then I saw that a startup recently sprung up with some pretty big names on board. Not sure if I should go forward with it or discard it. |
What should you do ? | fungi: Guess it depends on the time you have on your hands, the work involved and the quality of the competition.If you have worked on it to some extent already then it seems like a waste to not at least release the code. |
Get together in Tokyo? | nandemo: I'm interested.How about setting up a meet-up at meetup.com or something similar? This post might not get voted up to front page, or it might disappear before we gather enough people. |
Please review our web application (http://thecadmus.com) | newy: This looks neat, really dig the approach. Confused about one thing. It states that it filtered out some relevant tweets for me - where are these displayed? Are they simply the ones that are shown at the top of my timeline? |
What should you do ? | Vandy_Travis: This isn't a one size fits all type question, or one that somebody can really give good advice on without knowing the details of the situation. Here's what I would ask myself:
- is your market very diverse (e.g. is it very unlikely the new competitors can capture a dominant share?)
- is your market large... |
Do you know of a road conditions data source? | mwerty: traffic.com owned by navteq owned by nokia is your friend. The data is not free though.
INRIX may have something but I'm not sure. |
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