Anyone made it thru residual income (royalties, ad revenue, etc.)?

[Sunset]

Quote:

Originally Posted by AnonEMouse Not take the job? Not knowing if it's industry standard doesn't help. Anyone here signed a similar form or am I the only dupe?

Its common, I had to sign one.

So once I developed time travel, I went back and replaced the ink in the pen with disappearing ink, so I could keep the royalties.

[Fermion]

Quote:

Originally Posted by LOL! Maybe you meant to write this: anyone who's reading an hour of this forum every day instead of creating a blog is wasting $15K-$25K per year.

My wife's last software job, she was pulling in $135/hr. 365 hours of blogging would need to pay around $50k.

Of course she watches 1 to 2 hours of TV now per day...I should scold her.

[daylatedollarshort]

Quote:

Originally Posted by Fermion My wife's last software job, she was pulling in $135/hr. 365 hours of blogging would need to pay around $50k. Of course she watches 1 to 2 hours of TV now per day...I should scold her.

The problem with straight up programming is there is no passive income element. When you stop working you stop getting paid. A niche, evergreen web page that takes maybe 4 hours in an afternoon to write and makes $100 a year for 10 years with no ongoing effort can end up returning $250 an hour over time.

[Fermion]

Quote:

Originally Posted by daylatedollarshort The problem with straight up programming is there is no passive income element. When you stop working you stop getting paid. A niche, evergreen web page that takes maybe 4 hours in an afternoon to write and makes $100 a year for 10 years with no ongoing effort can end up returning $250 an hour over time.

Yes, I was being silly. 15k per year for a bit of work is not bad at all.

I was going to get her to write a few smart phone apps for passive income but maybe I will think about web pages myself.

[daylatedollarshort]

Quote:

Originally Posted by Fermion Yes, I was being silly. 15k per year for a bit of work is not bad at all.

And no more need to sit in meetings like the "The expert" video:

https://www.youtube.com/watch?v=BKorP55Aqvg

[gerntz]

Quote:

Originally Posted by AnonEMouse Alas, if you work for a megacorp, when you join they make you sign over the rights to all patents obtained during your tenure, even for ones you create outside of work on your own time. Then again, I'm not sure if that's universal or if I got suckered as a fresh-face college grad who didn't know any better.

Pretty universal. I did in twice - once for each job I had.

I fail to see how if you were given a job & told what was required how you can begin to think you got suckered. At what age do people stop being victims & instead are responsible for their choices?

[daylatedollarshort]

Quote:

Originally Posted by gerntz I fail to see how if you were given a job & told what was required how you can begin to think you got suckered. At what age do people stop being victims & instead are responsible for their choices?

Turning over patents developed outside of work on your own time does not seem like a fair request to me, even if it is standard industry practice. It seems like something industry lobbyists would work to get backed.

[outdoorgirl02]

I agree 100% with Nords. Reading smartpassiveincome.com for the past 4 years really opened by eyes to what is possible AND how to make it happen.

I have a blog/website related to my industry. I have a few online classes, a paid private forum, and a few digital products I sell. The site has been up for 2.5 years and makes about $40k in digital product sales (passive income) plus I do some coaching and mentoring which brings in another $5k or so a year (not passive but I enjoy it). As I add more products and classes, my income increases.

It takes me 5-10 hours a week to maintain plus additional time to create new products/courses. I outsource some admin tasks and a small amount of the writing.

I still run another related biz part time as well but the plan is to eventually sell that and just have the blog until we can completely retire in about 10-12 years. Then I suppose I will sell the blog...depends on how I feel and how much $ it is making.