For me it was more a ‘I really need to scratch this itch’ kind of thing. I had to try it out. It was calling me since I was a kid. In terms of preparation, I had a good run way + unemployment money :slightly_smiling_face:
writen by Tiago Ferreira
To be clear, my lifestyle was so cheap (and also cheap city I lived in) that $60-70k was enough for 3+ years of hacking.
writen by Kirill Rogovoy
And I accumulated that from $0 in about last 2-2.5 years of having a job.
Just very boring monthly transactions to the stock broker and buying VOO at whatever price it had on the given day.
writen by Kirill Rogovoy
Looking back, it also helped that the market was rising and I made +20% on those investments
writen by Kirill Rogovoy
One good thing about savings, is that they last more because they were already taxed, so those 50K are going to be 50K, not 30K at the end of the year
writen by Bartolomeu Rodrigues
I guess it’s going to be runway then. Right now I’m through a phase where i could become full time, but the potential project is only 3 months tops, so i would have to get something again and again and again till all the members in my future team can also become full time and have many projects in parallel
writen by Bartolomeu Rodrigues
I thought I would feel something telling me it’s time to start phasing to full time to my company.
writen by Bartolomeu Rodrigues
It’s really hard to make these decisions, and there are always so many factors.
Some people can work a job 8h/d and then hack for 4h+ on top of that. Some have families and other social life, hobbies maybe.
Some pay for rent, some don’t (e.g. living at parent’s, partner’s, etc.).
Some like to feel the security from the job, some like the ‘no plan B’ approach.
writen by Kirill Rogovoy
> all the members in my future team can also become full time That thing is not very likely for one person. For a group of people it’s going to become very unlikely.
writen by Kirill Rogovoy
True. Even if the rest doesn’t become full time, i still want to take the dip. Focusing on two things (full time job + 4 hours my thing) has been killing my drive and it’s only been 2 months now, without kids. That would also be a nice topic: kids and indiehacking. How to deal with it
writen by Bartolomeu Rodrigues
The only model that I’ve seen working with kids is when one partner can financially support the whole family for a period of time with an equal split of household responsibilities (including the kids).
So it’s basically just like two parents working full-time, but here one’s without salary. đ
writen by Kirill Rogovoy
And that’s reasonable. And that’s way early parenting is not very compatible with hacking.
writen by Kirill Rogovoy
Part-time and kids (not Babys): kinda works. Fulltime? Not really, at least right now and not for me. Just too exhausted after the main job
writen by Benedikt
Yeah but it’ll take some years until they can read and use a PC correctly to make that work Working on that with my 8yo older boy right now. But he’s more into playing games, obviously :sweat_smile:
writen by Benedikt
Some kids like to code minecraft servers… A friend of mine got into tech like that
writen by Bartolomeu Rodrigues
ah sorry- total contract value i had a bunch of clients that committed to paying me money and % of funds returned for the work that I would do
writen by Matt Gale
pretty close yeah- but i underestimated how long it was going to take to get paid i had a savings that I was sitting on, waiting to quit so i wasnt desperate to get paid thankfully
writen by Matt Gale
Cool, great place to be is seems! Mind me asking how much you spend per month on average? Just for the âlife stuffâ
writen by Kirill Rogovoy
In my case it was <$1k, now itâs $1.5-2k depending on wether I buy something new for home/work and how much I donated to our army
writen by Kirill Rogovoy
> i can tell you what my spend is today Sure!
I initially wanted to understand to how many month of runway it translated
writen by Kirill Rogovoy
im spending somewhere around 3200CAD per month back then itâd be closer to 2500 iâd bet
writen by Matt Gale
well to be specific, thats how much i have allocated for the month theres savings in there for my yearly expenses and stuff
currently not saving for retirement which will change soon
writen by Matt Gale
Wow, sounds cheap-ish for Canada (or at least my impression). Bet you arenât renting then? đ
writen by Kirill Rogovoy
