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Taxes and blog income

Posted Friday, January 23, 2009 by momscashblog | 40 Comments so far

I’ve gotten all of my mail out of the snowbank, and since it’s January there were some tax documents waiting for me. I haven’t received all of my 1099s for my blog income, but the rest will be coming in soon. I’ve lost quite a bit of money in stocks, but that’s just on paper as I didn’t take anything out while the stock market is down… in fact, I bought more stock in companies I am sure of and I know I’ll gain in the future. But anyways, I am actually excited about tax time this year because it means I can prove to my accountant that “You can make money with blogs”!

When I bought MomsCashBlog, I had to tell my financial advisor about it since she holds most of my money. I knew she would not understand or agree with my decision. I met her when I was on the Trade Commission in an affluent city where I was the co-owner of a retail store. She was the accountant/financial advisor/broker to all of the successful business owners on the Trade Commission, so when I decided to get serious with my money, I went to her. It didn’t take me long to realize how she made everyone else so wealthy… she doesn’t let her clients spend money! lol She makes them put everything away and invest it, and weighs every decision for it’s potential risk before she makes a move.
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Our New President

Posted Tuesday, January 20, 2009 by momscashblog | 21 Comments so far

One of my friends called me last night and asking if I received my invitation to Barack Obama’s inauguration. I thought she was kidding, of course, but she said, “No, we really got one for the work we did on his campaign!” To think, I might have an invitation to the Inauguration in my mailbox!  I haven’t been to the mailbox since January 3rd because it’s in a 6 foot snowbank… and anyways I thought I only had bills and they get taken care of by direct deposit, so why bother looking at them? (lol) I drive by the mailbox every day, but haven’t bothered stopping. This will surely make me think differently about picking up the mail.

It’s a “Commerative” invitation so that doesn’t mean I was invited to THE inauguration, it is pretty much a symbolic gesture. (and a nice one at that!) This has been one of the most inclusive events that has happened in Washington, D.C. in quite a while. I know I’m very proud to have Obama as our president and it’s heartwarming to see the world is excited about our choice.  It’s not often that people from all over the world come to participate in an American public inauguration. Like the millions of Americans who will be in Washington today, they want to see history in the making.

Good luck Obama! (Sorry I can’t make it, but I’ll watch it on TV. lol)


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Start a blog today

Posted Wednesday, January 14, 2009 by momscashblog | 16 Comments so far

I am not a technical person and I want others like me to know that they can start a blog without being super technical. I’ve been getting a lot of e-mails from bloggers-to-be who feel overwhelmed by Search Engine Optimization. So, this post is for anyone who is hesitant to start a blog because they want to learn everything about blogging and SEO before they take that first step.

When it comes to blogging, the first thing to remember is “he who hesitates is lost”, so start a blog today. Don’t wait for the perfect time because there will never be a perfect time. If you’re a perfectionist and you’re trying to learn everything before you start a blog, you will surely be lost. I jumped right into blogging and bought MCB without knowing much about it. I’ve made some mistakes, but blogging is a “learn by doing” process. If you wait until you know everything then you’ll never get your blog off the ground. So I say just start your blog and learn as you go. Lucky for you, there are hundreds of bloggers out there ready and willing to help you with great posts about SEO and anything else you need to know about blogging. (more…)


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Give and You Shall Receive

Posted Friday, January 9, 2009 by momscashblog | 31 Comments so far

People who know how to make money have several things in common, and one of those things is that they give to others who need help. Most wealthy people give a lot of money to charity or their community. You might think it’s because they are rich that they give, but could it be that they are rich BECAUSE they give? Giving is a very important aspect of the Laws of Attraction and making money… if you give more freely you will receive more freely. What goes around, comes around, as they say, and it’s as true for money and kindness as for anything else. Money and kindness are meant to flow. In most major religions, it’s known as the “law of reciprocity”. When you give to others, it will be reciprocated — meaning whatever you give will come back to you, and MORE, from one source or another.
John D. Rockefeller was known to say whenever he gave money away, even more came right back to him! He started working when he was very young and gave his earnings to the church because his mother told him to. Later he still gave freely not just because it was the right thing to do but also because he saw that giving to others just made good business sense. He was known to be a “mental mathematician” which helped him greatly in business matters. (more…)


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You Don’t Need Good PR to Make Money

Posted Tuesday, January 6, 2009 by momscashblog | 30 Comments so far

There’s a lot of talk about Google Toolbar PageRank this week with the New Year’s update causing blogs to show less PR and others gaining it — but on the whole it looks like Google is getting strict for 09. Mine went from 4 to 0 in the last round and I didn’t expect any new year changes, but I’m not too shook up over it. I am living proof that you don’t need good PageRank to make money with your blog! I’d much rather make money at home than have good PageRank, but of course, both at the same time is great! lol Unfortunately, with some of the ways blogs make money your PR will drop within a few months of using them.

Google penalizes blogs PR who use TextLinkAds, sponsored posting, pay per post, and some other proven money makers. As as blogger you have to decide what is most important to you. If you are blogging only to get PageRank then you’d better stay away from those types of money makers. On the other hand, if you want to make money with your blog, then you should look into them. But first, you need to get traffic coming to your site because you can’t make money any of those ways without having a good amount of traffic.

A big mistake some new bloggers make is to focus too much on PR. They think seeing good PR on the toolbar means a site is making money but that’s not always true. Someone who wants good PR can optimize their blog to rank well with Google and still not make any money. (more…)


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