Posted by arkensaw 7/8/2025
Ask HN: How are you making money on the side?
It's been 4.5 years now, could see myself doing this for another 10 years easily.
It is a rationalization of my GAS, gives me an excuse to take things apart, provides the satisfactions of repair, creates an opportunity to learn new skills, and makes a little money.
Most months the profits can cover my basic living expenses.
I work for a higher salary, just part time, so I have more free time, and my salary is sufficient enough to let me do all the things I want to do.
There are indeed other reasons for side gigs, but the parent question here does seem to be focused on the financial side of things.
I would agree that work-related progress is likely to be more profitable in the long run. IF (and it's a big IF) there is a route at work to more compensation then that is likely the best use of your time.
Of course not all jobs offer that path, and in some organizations it can take a bit of detective work to find out where things pay better, or where more value can be recognized.
I don't know what you mean by 'moderately rich', but I know multiple people who have saved millions of dollars (including myself), some of which who were able to retire early by working for 'someone else' - also none of which are union shops.
Do you really not know that many people have gotten quite rich working for FAANG companies? Do you also not know these people are much richer than union workers?
There's what, half a million or more engineers at these companies? You think there are just as many software consultants or entrepreneurs making it rich? I think both cases are not widely-applicable strategies.
If you can get rich being an entrepreneur, congrats, that's great. Making ~40k a month doing tech consulting is fantastic, good for you.
But saying "you'll never get rich working for someone else" when many of us have half a million to a million unvested shares (or many more, if at Meta or Nvidia) we are waiting on is just false.
I did some work for a civil engineer who did ASME boiler and pressure vessel code consulting who made $60k (2000 dollars) for 1-2 hours worth of work. He did between 30 and 50 of them a year.
Top talent turning a side-hustle into a sellable business can easily double one's lifetime income.
I think you're just stuck that your way is "right" and cannot accept contrary data.
If you happen to find yourself in that gap you can become moderately rich over a period of several decades by living frugally and investing in index funds with excess cash.
Or don’t do that and don’t become moderately rich. That is fine, too! It’s not impossible but you must prioritize the goal of becoming moderately rich over other goals.
I feel like buying VTI is much less added work than continually getting a better job?