Lack of stability in BHW/IM

Lukmat

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One month you earn $20k-$30k, then few months $0
This is the biggest problem for me xD

I would like to make $2k-$3k/month stable, always, no matter what
and then such jumps for $20k-$30k :)

I don't have any idea what to do with stabilization
-military, I am too old for that
-medicine study, also too old, I would start work before my 50
-micro saas, good but it's not "stable no matter what"
-coding? Forget, the global market for coding is screwed
-truck driving, but you are outside home 3/4 month

Ehhh, why 15 years ago I went into blackhat crap instead to study some medicine xD
I imagined I will be rich, earned few millions and spent few millions, I am not rich xD
 
One month you earn $20k-$30k, then few months $0
This is the biggest problem for me xD

I would like to make $2k-$3k/month stable, always, no matter what
and then such jumps for $20k-$30k :)

I don't have any idea what to do with stabilization
-military, I am too old for that
-medicine study, also too old, I would start work before my 50
-micro saas, good but it's not "stable no matter what"
-coding? Forget, the global market for coding is screwed
-truck driving, but you are outside home 3/4 month

Ehhh, why 15 years ago I went into blackhat crap instead to study some medicine xD
I imagined I will be rich, earned few millions and spent few millions, I am not rich xD

It's a common problem in IM lately. The public has ADHD with how their attention span is for content.

I know of two directions that are solid money makers every month.

Youtube/TikTok/X - Mostly YT but it's good to get multiple income sources from the same source of content.

Programming/offering a service - I say software engineering/programming because regardless of AI, you have to understand the code it spits out to you.
 
It's a common problem in IM lately. The public has ADHD with how their attention span is for content.

I know of two directions that are solid money makers every month.

Youtube/TikTok/X - Mostly YT but it's good to get multiple income sources from the same source of content.

Programming/offering a service - I say software engineering/programming because regardless of AI, you have to understand the code it spits out to you.
Still it's not stable. Youtube/TT/X is the song of "now"
Programming/offering services is not stable too in current market. To gain stability here you go to corpo and coding for companies. But there are reductions there and only seniors with huge experience have a chance now for good job. Otherwise you need to find a client and it's not easy to find people who are paying enough.

Maybe SAP consultant, but still you need to get into for few years to make normal money. Nobody knows what happen after 2030 when SAP migrate to SAP HANA

I am not talking about fast rich schemes. I am talking about jobs you can do for next 20+ years and earn for retirement.
 
One month you earn $20k-$30k, then few months $0
This is the biggest problem for me xD

I would like to make $2k-$3k/month stable, always, no matter what
and then such jumps for $20k-$30k :)

I don't have any idea what to do with stabilization
-military, I am too old for that
-medicine study, also too old, I would start work before my 50
-micro saas, good but it's not "stable no matter what"
-coding? Forget, the global market for coding is screwed
-truck driving, but you are outside home 3/4 month

Ehhh, why 15 years ago I went into blackhat crap instead to study some medicine xD
I imagined I will be rich, earned few millions and spent few millions, I am not rich xD
Kinda felt i am reading my own post. Dude, you are me!
 
Hahaha ask me why I closed my web dev business lol.


This is why having a “good” 9-5 job is awesome. I can still do freelance. But there won’t be any “fck what are we gonna eat next month” vibe. ;)
 
Hahaha ask me why I closed my web dev business lol.


This is why having a “good” 9-5 job is awesome. I can still do freelance. But there won’t be any “fck what are we gonna eat next month” vibe. ;)
Sadly I am "IT engineer" but without commercial experience in coding, I am worthless to market.
Starting now for example Python coding, I know very good in commercial market is starting from Junior level, what is here very hard to find.
It's like 300 CVs on one place. Always someone better than you or HRs don't want to even read that flood.
In covid everyone went programming, bootcamps, etc. Here even construction workers moved to IT and the whole market is screwed now ;/
 
One month you earn $20k-$30k, then few months $0
This is the biggest problem for me xD

I would like to make $2k-$3k/month stable, always, no matter what
and then such jumps for $20k-$30k :)

I don't have any idea what to do with stabilization
-military, I am too old for that
-medicine study, also too old, I would start work before my 50
-micro saas, good but it's not "stable no matter what"
-coding? Forget, the global market for coding is screwed
-truck driving, but you are outside home 3/4 month

Ehhh, why 15 years ago I went into blackhat crap instead to study some medicine xD
I imagined I will be rich, earned few millions and spent few millions, I am not rich xD
If there's one the thing that I have learnt from meeting hundreds of men and women "who have made it", it's that There's no such thing as stability in this world.

You would get a job, but there will always be a risk of getting fired.

You would drive a truck, but there will always be a risk of you getting into a horrible accident and losing it all.

The only thing that you can do is *minimise risk*. It will never be zero, but you can reduce it to the point that you don't have to worry about starting from scratch ever again.

And the only way to do that is by making your money work for you.

Amass whatever wealth you can and live like an improvised man for awhile. That $20k you earned on a good month? Save $10-15k of it (it's always possible, it's about making those lifestyle choices if you can).

Do that until you have $200k or so. Save $100k on some good mutual/etf fund and that's going to give you about 10-15% return on a good year. That alone would be around $1k/month if the market hasn't gone all red.

The remaining $100k, make use of it to start a business of your own. Do what you are good at. Hire employees and managers so it can make money while you sleep.

That's how the rich have stayed rich. Delegate responsibilities and make the money work for you. Just old school capitalism.

And always save something for a rainy day. That's how you minimize risk.

My words might sound patronizing, but this is how everyone I have met has done it.
 
If there's one the thing that I have learnt from meeting hundreds of men and women "who have made it", it's that There's no such thing as stability in this world.

You would get a job, but there will always be a risk of getting fired.

You would drive a truck, but there will always be a risk of you getting into a horrible accident and losing it all.

The only thing that you can do is *minimise risk*. It will never be zero, but you can reduce it to the point that you don't have to worry about starting from scratch ever again.

And the only way to do that is by making your money work for you.

Amass whatever wealth you can and live like an improvised man for awhile. That $20k you earned on a good month? Save $10-15k of it (it's always possible, it's about making those lifestyle choices if you can).

Do that until you have $200k or so. Save $100k on some good mutual/etf fund and that's going to give you about 10-15% return on a good year. That alone would be around $1k/month if the market hasn't gone all red.

The remaining $100k, make use of it to start a business of your own. Do what you are good at. Hire employees and managers so it can make money while you sleep.

That's how the rich have stayed rich. Delegate responsibilities and make the money work for you. Just old school capitalism.

And always save something for a rainy day. That's how you minimize risk.

My words might sound patronizing, but this is how everyone I have met has done it.
reeaski? xD
I hate these lines xD
 
I honestly think the world was better off without all this consumer-level AI.

Hate to be negative but you can see where all this might be going right?.. If pharamceutical companies will gladly rather allow people to die rather than lower the price of exclusive medicines without batting an eyelid, then big tech would probably rather watch people in tech unemployed and starved rather than remove ultra-cheap AI solutions in place of a greater human wokforce.
 
Everyone goes through this—sometimes you speak up and things don’t turn out as hoped. It’s a tough part of life, but it’s something we all experience and grow from.
 
Coding market is not dead, resigned to a 6k month remote job a few months ago.

SAAS are also a great way because you have MRR that you can depend on, problem that I have noticed with my one time offerings is that it becomes a pain to get customers at some point, meanwhile with a SAAS each customer can be subscribed for months with no problem.
 
coding is not dead, is a little bit complicated right now, what about a local bussines or maybe on real estate and go local even a backery give real money if you produce quality, I will always try to go for a food bussines because people always eat and as long as humans need to eat food will be there.
 
I don't think this is the issue with just IM, if you are running any sort of businesses. Stability is usually a problem.

Diversify your income is always a good idea imo.
 
Still it's not stable. Youtube/TT/X is the song of "now"
This is why you need an email list. Something you actually own.

Email list is kind of like insurance, ya know, just in case a social media platform decides to ban you.
 
Ehhh, why 15 years ago I went into blackhat crap instead to study some medicine xD
I imagined I will be rich, earned few millions and spent few millions, I am not rich xD
I ask this question myself every time I have a doctor client and see how many easy sales they have... Oh wait, I know huh - I actually wanted to get a science degree (that's not as good career-wise as medicine but what can you do, that's what I liked) but couldn't due to religious/political reasons. Just great. Even colleges called me back because they liked my portfolio, still couln't go because my high school principal blocked me. In retrospect she helped me because I'd have crazy high debt after college (idk why I had this dumb idea of studying in the US).
Hahaha ask me why I closed my web dev business lol.


This is why having a “good” 9-5 job is awesome. I can still do freelance. But there won’t be any “fck what are we gonna eat next month” vibe. ;)
No probs, but good 9-5 needs to exists. That's why after applying and denying offers for couple years I just stopped applying and stayed with fulltime freelance eh. My whole LinkedIn feed is full of polish people complaining about this (and these are people that had 9 to 5 for years) so it's not only me, seems to be a social / country issue.
 
My whole LinkedIn feed is full of polish people complaining about this (and these are people that had 9 to 5 for years) so it's not only me, seems to be a social / country issue.
Best thing to do is to delete negative people from your feed/life, they will only drag you down with them .. Fck negative people.
 
One month you earn $20k-$30k, then few months $0
This is the biggest problem for me xD

I would like to make $2k-$3k/month stable, always, no matter what
and then such jumps for $20k-$30k :)

I don't have any idea what to do with stabilization
-military, I am too old for that
-medicine study, also too old, I would start work before my 50
-micro saas, good but it's not "stable no matter what"
-coding? Forget, the global market for coding is screwed
-truck driving, but you are outside home 3/4 month

Ehhh, why 15 years ago I went into blackhat crap instead to study some medicine xD
I imagined I will be rich, earned few millions and spent few millions, I am not rich xD
I re-invested a huge chunk of my profits into real estate :)
rent money is relatively stable
Constant looking for new places to buy also
Still it's not stable.
IM is fast pace, things rise and fall constantly
technology evolves way too fast, if your not adapting fast enough, you're already in the dust

Constant looking for new places to buy also
I had friends mock me buying 600sqm land for 300k back in 2010s
i brought 2, gave zero fucks, those same lands are now worth upper 800ks

On the other side, had friends who also brought huge acreage land in the middle of nowhere for ~500ks in the 2005s
they were also mocked and looked down upon ("why buy useless land in the middle of nowhere, there won't be any real estate growth there")

They held it for nearly 20 years, and re-sold them for a few mils in the 202xs to development companies.

There is only so much livable land on earth, property prices will always climb
This may be an IM forum, but doesn't mean, you need to only re-invest in IM ;)
 
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