Tag Archives: lifestyle design

Cost Savings for your first app

Ways to Save a few Bucks

As a subscriber to this blog, you probably know that my wife and I retired early and develop mobile apps in our spare time. When retiring early, you will have lots of years to live on your savings so it is fun to find ways to cut costs.

In today’s blog, I have curated a few articles that show you how to save a few dollars with very little sacrifice and spotlights a soon-to-be early retiree.

Saving on your Cellular Bill

Our family has 4 iPhones and the monthly cost of service has been $250 with AT&T. This provided unlimited talk and text and 10 gb of data. We’ve been on a mission to lower our monthly cost and finally found a solution. AT&T has pre-paid plans that are much less expensive. The one we have chosen is the $30 per month plan. It provides unlimited talk and text but does not have a data plan. In other words, you can only use the internet if you are connected to WiFi, but that lower our costs from $250 a month to $120 a month.

If not having a data plan is a deal breaker for you, another option is the $45 per month plan. It provides unlimited talk, text and data, so you can use the internet while connected to cellular or WiFi. It provides fast speeds for up to 1 gb per month then slows the cellular connection speed down to 128 kb once you hit the 1 gb for the month. Checking our usage, I never hit 1 gb a month anyways, so it is a good plan for us.  With this plan, we can reduce our costs from $250 per month to $180 per month.

aMemoryJog - Best Password Manager for iPhone

Since we already use AT&T, we can keep our own phones and the pre-paid plan is a month-to-month plan with no long term commitment. Learn more here: https://www.att.com/shop/wireless/plans/prepaidplans.html.

If you have an Android phone, another option would be Republic Wireless. With this plan, it connects to the data plan via roaming WiFi signals and will connect to a cellular tower when a local WiFi signal is not present. The cost varies but they advertise that you can get coverage for about $14.95 per month (see https://republicwireless.com/plans/). Our only issue with this plan was that coverage is not nearly as good as with AT&T, so you may be giving up access to phone service in specific areas. They do have an online coverage map that shows you coverage for the areas you live and will visit.

Related article: 5 Budgeting Tips for September

Online Coupons

We tend to purchase items online and look for promotion code coupons to make purchasing items cheaper. It is sometimes tricky to find a coupon for a specific item, but a browser plug-in called Honey really helps.

honey review - logo

Our friends over at Budgets Are Sexy wrote a great article that explains how Honey works, see that article here: http://www.budgetsaresexy.com/2015/07/save-money-using-honey-browser-extension/.

Related article: 5 Budgeting Tips for September

Mr. and Mrs. 1500

It’s always great to meet people with similar interests. We recently met a couple that goes by the name of Mr. and Mrs. 1500. They are inspiring couple that have a goal of retiring at 43 years old. In 2013, they started a blog called 1500 Days to Freedom and publicized that they would retire in 1,500 days from then. Starting with a portfolio of less than $600,000, their goal was to amass 1 million dollars in 1,500 days (ending in 2017).

On their website, they chronicle their journey and transparently post each month how they are progressing towards their goal. As of today (July 25, 2015), they have already reached $1,000,000 and are now working on paying off their house so that when they retire in a couple of years, they will be totally debt free.

My wife and I recently had a beer with Mr. and Mrs. 1500 and got to know them better. They are truly and inspiring couple.  Learn More: http://www.1500days.com/

Our Apps

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Work a Little and Play a lot: Lifestyle Freedom through App Development

Many people are equating today’s popularity of mobile apps to the US gold rush of 1849. This hype suggests that you can create a mobile app, publish it to the various app stores and quickly become a millionaire.

Lifestyle Freedom

Is it true? Think about it, there are 1.2 million apps in the Apple App Store in mid 2014. Do you think all of the people publishing apps are millionaires? Nope.  According to Laura Tallardy (statistics provided by Owen Goss), here are the statistics:

  • The bottom 25 percent have made less than $200
  • The next 25 percent have made between $200 and $3,000
  • The 50-75 quarter are between $3,000 and $30,000
  • The top 10 percent have made $400,000
  • The top 4 percent are MILLIONAIRES!

So the real question is “Can I build an app company that does well enough that I can design my own lifestyle, work when I am inspired and play a lot?“.  To do that, you need to get yourself into the top 25%. Is that easy? I’m not sure but I do know that many app developers simply develop an app, put it in the app store, do no marketing and expect it to reach the top 10%. And as you might predict, they land in the bottom 25%.

2HourAppreneur Experiment

All of this brings us to an experiment called the “2HourAppreneur experiment. I am developing an app (and possibly multiple apps if it looks promising) to determine if a person can build an app business that allows them to live a cool and fulfilling lifestyle. A lifestyle that affords you the opportunity to work on your own timetable, play a lot and revel in your entrepreneurial spirit.

Why am I qualified to try it? I’m an entrepreneur that started a software business in 1998 and sold it in 2009. Selling the business made me financially independent and allowed me to retire at 50 years old. I have enjoyed the retired lifestyle freedom. I’ve traveled a lot, adopted new hobbies, and pushed myself with new challenges. With my free time, I can try this experiment without financial pressures because building an app business is fairly inexpensive. If you want to learn more about me, you can take a look at my personal website and travel blogs.

Will it work? I am not sure but it will be fun to try. I will document my journey and tell you exactly what works and what doesn’t. This posting will be a living document that includes a list of helpful blogs explaining exactly what I am doing and why.  And if it doesn’t work, at least we will all know!

Here are some blogs I’ve created to document the process thus far:

How Can You Track the 2HourAppreneur Experiment?

If you find this experiment interesting, you have a couple of ways of keeping updated on the progress:

If you don’t mind getting an email every few weeks subscribe to my 2HourAppreneur blog. You can do that by entering your email address below (you can unsubscribe at any time):

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If you prefer not to get an email this often but would like to check in, LIKE my facebook page at http://www.facebook.com/2hourappreneur.

Or you can subscribe to my Twitter feed at https://twitter.com/2hourappreneur, my Twitter handle is @2HourAppreneur.

While you’re at it, take a look at the first app I am developing called aMemoryJog. It is an app for keeping track of all your passwords, loyalty reward numbers, and anything else that is easy to forget. Learn more at http://www.aMemoryJog.com.

Latest Updates

As mentioned above, I plan to continually update this blog posting as I publish new blogs related to app development, so you will see the list of blogs listed above grow over time. I will also let you know where I am in the process.

Update on 18-June-15
I am now working on my second app called Count Us Down. It lets you count down the days until a big life event (vacation, baby on the way, wedding, concert, sporting event, retirement, etc.).  It also allows you to share that event with your friends and family. Want to be part of the beta team? If you do, you will get early access to the app and you can provide feedback before it gets to the app store. Sign up here: http://www.CountUsDown.com

Update on 13-May-15
The aMemoryJog app has been in the app store for a few  months now and I’ve learned a great deal from this experiment. Click here to see what I’ve learned

Update on 17-Nov-14
I outsourced the development of the aMemoryJog app in early April 2014. It was expected to take about 4 months to complete but it has taken a lot longer than expected. The extra development time has been OK because it has given me more time to build my social media followers and prepare a marketing strategy. aMemoryJog should be in the Apple app store sometime in December 2014.

This Article Was Brought to You by 2HourAppreneur

This article was brought to you by 2HourAppreneur makers of the aMemoryJog Password Manager app. The app is free, why not try it now?

aMemoryJog: Best Password Manager