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Comment by csomar | Hacker News Reader

You don't want to earn a passive income. You want to leave your job. Fine. Except that looking for passive income stream is not the best idea out there.

If you can contract for $80/hour for US/EU clients (really possible), you'll need to work only 40 hours to cover a 6 month expenses.

But that won't probably be enough for one month, once you start earning it. You've been warned ;)

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"If you can contract for $80/hour for US/EU clients (really possible)"

Do you have more info/advice about that? I've often flirted with the idea of online freelancing for overseas companies... But a lot of the freelancing sites either seem too dodgy/cheap, or elitist about "github" commits and the like.

What does "elitist about 'GitHub' commits" mean?

The internet has got fair pricing. You can work for $10/hour or $300/hour. It depends on the value you bring, and your negotiations.

Now how to get the clients. I'll leave you to figure out that part on your own.

Just go on freelancing sites and bid for projects. Once you build a relationship and trust with those clients you can contact them directly instead depending on the broker.

Those clients will then give you repeat business or they might bring new contacts for you.

Finding good devs in India is a big pain for the guys in US/UK. So if your client is happy with your service, he will recommend you to others.

I used to be a freelance PHP dev sitting in India back in the old days of rentacoder.com

Sorry, I don't really understand this comment. (Not disagreeing, just don't understand the wording)

There is no "passive income". You just invest a huge amount of time up-front and get paid later.

What the OP wants is a higher pay, so he gets more free time.

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