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May 10, 2021

We talk about the various ways we can get paid with code while Michael failed the Costco test, Allen doesn’t understand multiple choice questions, and Joe has a familiar pen name.

This episode’s show notes can be found at https://www.codingblocks.net/episode158, where you can join the conversation, for those reading this via their podcast player.

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  • Thank you all for the latest reviews:
  • iTunes: PriestRabbitWalkIntoBloodBank, Sock-puppet Sophist sez, Rogspug, DhokeDev, Dan110024
  • Audible: Aiden
  • Show Me the Money Active Income
  • Active income is income earned by exchanging time for money. This typically includes salary and hourly employment, as well as contracting.
  • Some types of active income blur the lines.
  • Way to find active income can include job sites like Stack Overflow JobsIndeedUpwork, etc.
  • Government grants and jobs are out there as well.
  • Active income is typically has some ceiling, such as your time.
  • Passive Income
  • Passive income is income earned on an investment, any kind of investment, such as stock markets, affiliate networks, content sales for things like books, music, courses, etc.
  • The work you do for the passive income can blur lines, especially when that work is promotion.
  • Passive income is generally not tied to your time.
  • Passive Income Options
  • Create a SaaS platform to keep people coming back. Don’t let the term SaaS scare you off. This can be something smaller like a regex validator.
  • Affiliate links are a great example of passive income because you need to invest the time once to create the link.
  • Ads and sponsors: typically, the more targeted the audience is for the ad, the more the ad is worth.
  • Donations via services like Ko-fi, Patreon, and PayPal.
  • Apps, plugins, website templates/themes
  • Create content, such as books, courses, videos, etc. Self-publishing can have a bigger reward and offer more freedom, but doesn’t come with the built-in audience and marketing team that a publisher can offer.
  • Arbitrage between markets.
  • Grow an audience, be it on YouTube, Twitch, podcasting, blogging, etc.
  • Things to Consider
  • What’s the up-front effort and/or investment?
  • How much maintenance can you afford?
  • How much will it cost you?
  • Who gets hurt if you choose to quit?
  • What can you realistically keep up with?
  • What are the legal and tax liabilities?
  • Resources We Like
  • Apply for Grants To Fund Open Source Work (changeset.nyc)
  • Government grants and loans (usa.govgrants.gov)
  • 35 Passive Income Ideas for Developers [All Types] (beginnerspassiveincome.com)
  • 8 Side Income Ideas For Programmers (That Actually Work) (afternerd.com)
  • Podcasts
  • The Smart Passive Income Podcast with Pat Flynn (smartpassiveincome.com)
  • Entrepreneurs On Fire (eofire.com)
  • How I Built This with Guy Raz (npr.org)
  • Who Moved My Cheese (Amazon)
  • The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses (Amazon)
  • These top Patreon creators earn more than $200,000 a year (blog.patreon.com)
  • Ko-fi – Make an Income Doing What You Love (ko-fi.com)
  • PayPal – Make your Donate button (paypal.com)
  • How Long Does It Take To Create An Online Course? (onlinecoursehow.com)
  • Udemy – Planning your online course (udemy.com)
  • Am I Procrastinating? (amiprocrastinating.com)
  • Google Ads Help: Use Keyword Planner (support.google.com)
  • Tip of the Week
  • Google developer documentation style guide: Word list (developers.google.com)
  • In Windows Terminal, use CTRL+SHIFT+W to close a tab or the window.
  • The GitHub CLI manual (cli.github.com)
  • Use gh pr create --fill to create a pull request using your last commit message as the title and body of the PR.
  • We’ve discussed the GitHub CLI in episode 142 and episode 155.
  • How to get a dependency tree for an artifact? (Stack Overflow)
  • xltrail – Version control for Excel workbooks (xltrail.com)
  • Spring Initializr (start.spring.io)
  • You can leverage the same thing in IntelliJ with Spring.
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