| I am a passive income hacker, here are my thoughts: Studied CS at university for 2 years, dropped out to pursue an idea. After a couple years of work, I was bringing in 20k a month. It was the most incredible time of my life. It lasted for 7 years before it hit the bottom. During that time I spent my days playing beach volleyball, tennis, golf, skateboarding, gaming, girls, beautiful car/apartment, the life in Santa Monica CA! I wasn't the least bit afraid when the project/business started slowing down. I decided to launch two more ideas - BOTH FAILED. At that point I was burnt out and was running low on savings. I had no other choice but find employment. In my mind, I failed and lost everything. It hurt me for years, and still hurts me to this day. While I have a great job, the feeling of imprisonment and failure is always with me. Eventually I got the strength to work on another idea during weekends and late nights. That gives you very little time, especially when you have a demanding job. It took over the course of a year to launch this new idea and it's not working out the way I hoped it would. Call it what you want, but in my mind that's three failures in a row. I've learned that luck and timing are definitely part of the equation. I've learned that you can spend year after year obsessed with coding your ideas and end up with only the knowledge. It's extremely tough and taxing to go down this route. Be prepared to fail multiple times. Be prepared to lose every cent of your savings. I know I'll continue trying, hopefully one day I'll come back on top again :) |