Cashcomrade off line

I've decided that I cannot justify the cost of keeping the Cashcomrade site up and running for now. I am just not bringing in enough cash from it to keep it going. Thanks to Arkad at The Richest Man in Atherstone for helping a fellow doubler purcahse and set up his first website. Looks like I have a lot to learn before I try again. On another note, I have finally finished my 2007 Canadian Taxes, which means I can finally get to my US ones. I started with my 2006 taxes because that is when I tried starting the last time so I have a bit done already. It's very difficult because it is not obvious where to put Canadian entries onto the US form. For the Canadian ones, it says enter box 18 from your T4, which is easy - but with the US Taxes, they expect you to have US tax documents so you have to figure out where box 18 goes on their forms if at all! This isn't going to be easy.

Flip

Arkad at The Richest Man in Atherstone has been hosting my Cash Comrade site for a year now and it is time to renew. This is where I have been selling my Financial Spreadsheet. This hasn't been a big money earner for me and I am thinking of letting it lapse for now as I don't think I have enough money in my stake to justify it for now. I'm going to think about it for a few days first, but I really don't see how I can afford it since it is about a 1/8th of my stake for something that hasn't really been panning out. I paid for the domain name again because I think it is a good one, but I don't have to host it again until I am ready with something better and a good plan.

Flip

My Real Problem

I have a problem. A problem that gives me a disadvantage compared to every other internet marketer out there. You see, I am a Canadian, but I was born in the U.S. This means that at any time I can claim my U.S. Citizenship too. I have done nothing to persue my U.S. Citizenship - ever. Why is this a problem? Because a lot of the internet marketing opportunities involve a company from the States paying you money. People who are citizens simply give thier SSN's and they pay tax on it like usual. People who are not citizens (or residents) fill out a form to indicate that they are not citizens. I, on the other hand, am in limbo. I can't fill out the form to say I am not a US citizen because that may be construed later on as a denouncing my US Citizenship and I also have no SSN. Soooo..... Why don't I just apply for a SSN? I could, but once I do this, the IRS will be asking for the past 7 years of my taxes. I don' t have a problem here because I'm pretty sure it will all come out to be $0 owed, but this is not a small undertaking. The tax laws and procedures in the States are VERY different than the ones in Canada. Plus, when I do my Canadian ones, the form is very obvious (insert Box 17 of your T4 form, etc.) When you're filling out US taxes with Canadian forms, there is no Box 17. You have to figure out where EVERY SINGLE piece of data goes. Not very easy. But I have come to the conclusion that in order to be competitive in the world of internet marketing I am going to have to sort out this area of my life. There have been several opportunties missed because of this. The main reason why I got a refund (after a LONG time) on that Google Cash Detective software is because most of the products I could track were from companies I couldn't accept money from. So - I've decided to get myself in order, learn how to fill in the forms from the past 7 years of US Taxes, fill them out and apply for my SSN. I am hoping to get this done by August 1, 2008. My balance may not change much until then, but at least I will get this off my back once and for all.

Flip

Re-registered domain name.

I renewed my cashcomrade.com registration. It hasn't exactly brought me great wealth, but I think I covered the cost... barely. Hopefully this is a better year for it. Maybe someone will even waltz in and offer me a million dollars for the domain name. Yeah - right. So I'm out another $10.07. I'm headed in the wrong direction at the moment - my hosting renewal is coming up too.

Flip

Can't win em all.

We had another poker night last night. Lady luck wasn't on my side. I lost two $5 games and one $1 bounty (everyone puts $1 in front of them and you give it to who ever knocks you out). So, I'm down $11. I decided at the start of the night that since I was doing so well at poker, 100% of my winnings will go towards my doubling project from now on. We actually have a friend who sometimes plays with us who has qualified for the World Series of Poker for the third time in four years. Perhaps I shouldn't have went to 100% on a night he was coming (not that he was much of a factor). My wife on the other hand won both games and $30 to boot. Too bad it wasn't me.