Overnight successes take years to happen. The road to $50k MRR is littered with failures that you never hear about. You can learn to do it, and with enough motivation, and a healthy dose of luck, you'll make one too. You just have to dream. But it's a lot of long nights of being at home working, usually by yourself, instead of going out and making friends on weekends. And it may not pan out. I'll say that again: All your work could amount to a -$1,000 MRR from hosting and other costs.
But if you want to do more than just dream of a $50k MRR, put your mind to it, learn the skills, from teachers and by doing, and reach for the stars.
Back of the envelope math gives me that if you can stick $85K a year into an investment that gives 10% annual returns you'll have a million in 8 years. So in theory it should be just about doable if you get a really well paying job right out of college (with no student loans) and have a bit of luck on the investment front.
I think even 50% of that (liquid assets) would be quite cool but yeah, getting rich by salary alone is quite difficult it seems which leaves many with no choice but to enter the field of business.
If your willing to work until you are 40 rather than 30 then it's enough to save $35k a year on 6% annual return, something that is slightly more reasonable to do.
You're absolutely right about everything. I think I'm getting competitive because I think deep down, I feel like I can do just as good as them but right now, just not able to for some reason.
I don't really want to be the world's richest to be honest, just enough to be in a nice enough place, to let my parents have what they never had, to have enough to serve the society. My home makes me a bit depressed because I'm not fully independent. I'd like to buy a home but people say it takes years to save and have something of your own.
So I'd like to seek for opportunities where I can accelerate my earnings, a side hustle. Maybe then I won't feel like I'm not making progress in life.
> I look at the people I know who are way better off
> I feel like I have accomplished nothing
> I feel rather helpless
> it's causing me a lot of stress
> I get a bit depressed because I don't have those things
> I don't have any friends
> I feel a little lost
> I'm sick of this stress
> how many years I have to wait till I'll be half as good as them and that causes me pain
Read that. All of it. You tell me, what is _career_ related there? I'll give you a hint: None of it.
This is all insecurity and self-doubt. That's what therapy is for. You won't solve insecurity and self-doubt by even being the most successful person in your circle of friends/co-workers.
Therapy. End'of'story.
And as another commenter said, don't compare yourself with other people (especially not 30-40 yr olds who have a huge financial advantage due to the length of their work experience). It doesn't do you any good.
And stop worry about "stuff". You will die. Your stuff doesn't give two shits if you do. Touch the dirt. Get off the screens. Go walk in a forest. Find some mountains or an ocean coast (especially the west coast -- nothing like watching the sun set over the endless ocean; mine being the Pacific but I'm sure the Atlantic is equally impressive).
Relax your mind and your body. The 20s are stressful and every experience is new. When you get into your late 30s or into your 40s, you'll figure things out and wonder why you stressed about any of this stuff at all.
Remember, you're already set to be successful. You have a valuable and in-demand skill.
The solution for the current web browser situation isn't another competitor. There will probably never be another big competitor. The reason is that merit isn't the primary reason how Chrome won the majority market share.
There was a twitter thread that I have been trying to dig up ever since the WEI debates began. It was from a Firefox developer who explained how Chrome managed to get its users. Many Google websites used to intentionally provide bad UX for months on Firefox compared to on Chrome. When Mozilla calls this out, Google devs would pretend that it's an honest mistake and would enable full performance on Firefox. However, many users would have ditched Firefox and migrated to Chrome by that time, never to return to Firefox again. These oopsies happened so many times.
How is any new competitor going to overcome the lack of cooperation from such huge services on the net? The problem really is that the users let themselves be manipulated. The solution here lies with the users, not the competitors.
I guess getting rich is not that easy. I saw some comments on HN by solo micro-SaaS devs who said that they have $20-50K MRR and I was blown away.
I wish I too could learn how to do something like that.