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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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![]() I moved our US money yesterday at $1.00 USD = $0.925 CDN
What are you doing to survive? (those of you who live off of your adult business) Do you think its possible to negotiate a fixed USD rate with our bank, or anything like that? What are our options? Right now, we're cutting back, lowering bills and junk but my biggest concern is our girls, so if anyone has any ideas (aside from move to the states temporarily... which I already warned everyone may have to happen) could you please share? Thanks, Nick |
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#2 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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Fucking Bush..
I am moving all my money out tomorrow from my US account. Fuck this shit.
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ICQ: 298-523-037 |
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#3 |
So Fucking Banned
Join Date: Aug 2006
Location: 253-233-241
Posts: 6,518
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I know this is no answer, but I've been doing most of my business in Canadian dollars since beginning of the year. I scarcely do affiliate promotions though so I only get some $100 US a month as result of that.
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#4 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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I've never kept US money in any of my US accounts for long then like a day... even when we were moving at 1.58 (god i miss that.... so rich)
Yeah it sucks, all of our processing is US companies that bill in US dollars... no possible canadian income here :| |
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#5 |
Confirmed User
Industry Role:
Join Date: Dec 2004
Location: Montreal, Canada
Posts: 3,271
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I just work more...
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264 349 400 |
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#6 |
Confirmed User
Join Date: Sep 2005
Location: Montreal / Sparta
Posts: 4,331
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its 20% percent decrease in profits due to economic conditions...
thestrong should survive... ![]()
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#7 |
Confirmed User
Join Date: Dec 2004
Location: TO
Posts: 8,619
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If you transfer a certain amount from USD to CDN per month, talk to your bank about a preferred rate. I use TDExchange and get a slightly-better-than-their-ripoff-rate. It's a minimal improvement but over time, if you launder - err, transfer - enough it makes a difference.
For those of you Canadians who are thinking of moving to, or buying property, in the US it's obviously a good time to do so. Since I don't I just change it all asap - the CDN is strong vs. just about any currency so it's a good investment if the CDN dollar stays strong. |
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#8 |
Confirmed User
Join Date: Jul 2002
Location: Fort Lauderdale
Posts: 600
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LOL, that picture is hilarious.
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AIM: PerlScriptor |
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#9 |
Programming King Pin
Industry Role:
Join Date: Oct 2003
Location: Montreal
Posts: 27,360
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I'm loosing alot of money
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#10 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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Yeah we use TD as well and I know that with our USD business accounts we get a preferred rate... we move $40,000 - $50,000 USD to CDN each month... think we can get better then the normal "I have a USD account so I can get a preferred rate" rate that we get?
Thanks |
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#11 |
sex is good
Join Date: Sep 2001
Location: Carman, MB Canada
Posts: 24,939
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I usually budget for the cash before the exchange rate, that way any money extra I get fro the exchange rate is gravy but now that is not happening. I just have a little less cash and my kids now get less toys.
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#12 |
Confirmed User
Join Date: Aug 2005
Posts: 2,178
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Euros is where to invest today.
Nothing like the EU ![]() vive la France ![]() |
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#13 |
we'll miss you our friend. RIP
Industry Role:
Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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i'm so glad i made most of my USD money in the hayday of exchange rates. sucks for you guys, i feel for you.
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#14 |
Confirmed User
Join Date: Nov 2004
Posts: 1,472
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i exchanged all my US peso as well
this thing is going to go down further quite a bit |
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#15 |
Confirmed User
Industry Role:
Join Date: Nov 2004
Location: Toronto Canada
Posts: 1,150
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I know it sucks but the successful people will just tough it out the rough patch.
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#16 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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Yeah, well successful or not if you start getting 50% less money for the same amount of work... it's something to worry about.
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#17 |
Not making A Comeback
Industry Role:
Join Date: Dec 2001
Posts: 10,218
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Outsourced labor, traffic, domains and content have all gotten cheaper though.
Obviously not as fun as losing your income though.. we've gone from 48c to 93c here in aus since 03-04. Very painful. Close to -50% income. Although it must be said 48c was unnaturally low also. Besides trying to look at opporunities to use the current strength of our money efficiently with with strategic purchases, I'm looking forward to the day when/if the trend reverses after we've become used to the more austere conditions. It'll feel like christmas the same way this feels like halloween... Or it won't matter because we'll all be dealing in euros by then. |
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#18 |
Confirmed User
Join Date: Jan 2006
Location: Canada
Posts: 5,024
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Like bhutocracy mentioned, though profits are down, costs are also down. So that helps a lot.
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#19 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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while some costs are down yes, unfortunately that doesnt effect my beamer payment $1156 and insurance $378, or my cadillac $864 or it's insurance $239, or my rent $3200, or my office space $5000... thats where it stings.... normally its forunate that my USD costs are very low because of the companies I do business with, but now I'm wishing all my expenses were USD lol.... although wal-mart did lower the price of the simpsons board game from $25 to $5 so im thinking about picking that up :P
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#20 |
Confirmed User
Join Date: Jan 2006
Location: Mobile, AL
Posts: 1,647
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If you live outside of the US and are in this business you better find something else to do soon, open a Dunken Donuts franchise or something like that.
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#21 |
Confirmed User
Join Date: Jul 2006
Location: Canada
Posts: 3,143
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I kind of like the idea of the Canadian dollar being near the US value.
If I'm not mistaken $ 1.00 USD = 95 cents Canadian. Later,
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#22 |
Confirmed User
Industry Role:
Join Date: Aug 2003
Location: Canada
Posts: 2,310
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i'm sure the usd will go back up & when it does, it will be higher then what it was before.
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#23 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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Generally I like the idea too... even dollar for dollar is good enough for me at this point... but the fact that we can't bill online in CDN dollars and 100% of my income is billed online as well as the income of all of the people I care about... that's when it becomes a problem lol
And yes someday it will START to go back up again and it will reign supreme, but January 2009 is just a starting point... it's taken it 4 years to drop from 1.58 to 0.93 and it will take at least half of that to get back up to where it was... and like I said... it's going to drop for another 14 months before it stops ![]() |
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#24 |
So Fucking Banned
Join Date: Aug 2006
Location: 253-233-241
Posts: 6,518
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#25 | |
Not making A Comeback
Industry Role:
Join Date: Dec 2001
Posts: 10,218
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Quote:
No one is supposed to be visiting here so no point going overboard.. I think the mortgage is $1600/mo. I learned my lesson about going overboard with expenses a few years ago.. I'm in a smallish town and small but efficient isn't out of place so in a sense i'm lucky. wages for 8 people though.................................... |
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#26 |
GFY HALL OF FAME DAMMIT!!!
Join Date: Oct 2003
Posts: 58,202
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All I know, is I'll be crossing the boarder more frequently.
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#27 | |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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Quote:
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#28 | |
Not making A Comeback
Industry Role:
Join Date: Dec 2001
Posts: 10,218
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Quote:
3200 sq ft! jesus fucking christ. lol. NICE man. What do you run out of there - hire an entire indian village to move in and submit tgp gals??? ;) |
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#29 |
I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
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When you live in one country and make your living selling things to people who live in another (most of our customers are in the US) you're at the mercy of exchange rates.
I see alot of people talking about billing in euro or CAD but that's basically just raising prices, so you have to look at it in that context and live with the good and bad that come with price increases.
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#30 | |
Confirmed User
Industry Role:
Join Date: Feb 2005
Location: US
Posts: 5,326
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Quote:
![]() ![]() I'll be happy to donate a few cans to ya . I'll even throw in a can opener. I mean cry me a fuckin' river. These threads are getting old, fast. ![]() |
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#31 |
Registered User
Join Date: Jun 2007
Posts: 88
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30 years
The last time that U.S and canadian dollar were equal was about 30 years ago. Just a lil fyi.
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#32 |
Join The Royal Family
Join Date: Apr 2002
Posts: 25,463
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now it is worse then equal
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#33 |
Confirmed User
Join Date: Sep 2007
Posts: 775
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Next thing you guys will be trying to pay us Canadians with rocks.
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#34 |
Confirmed User
Join Date: Nov 2004
Location: Margarittaville
Posts: 3,433
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Change your price structure to reflect the net loss from the exchange.
Sorry but I am not prepared to lose one nickel over this. However I do see a few more US vacations this year. ![]() We are also buying a ton of US currency as this wont last for more then a few years so why not profit on it.
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#35 |
Confirmed User
Join Date: Sep 2006
Location: internets
Posts: 6,954
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yeah i was paying off my CAD cc from my US account the other day....quite the hit.
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#36 |
Confirmed User
Industry Role:
Join Date: Nov 2006
Location: Canada
Posts: 269
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theyre only getting old fast because some people out there take the time to toss around negativity in an attempt to boost themselves.... they even take the time to go searching for photos to attach to unnessecary messages that no one really cares to read.... which goes to show just how much time they have on their special little hands ;)
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