NameSilo

Good bye, NP!

Located in The Break Room, started by AGermanGuy, Aug 4, 2016

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  1. AGermanGuy

    AGermanGuy Established Member

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    I am only here since 2 weeks and yet I already have to leave you!

    Before I went into domaining, I forgot to think about taxes and such. So I went to my local financial office today and asked about taxes. They told me, that since I am recieving state benefits, before we can go to taxes, I have to ask my work office for permission. And even if they give me permission to pursue domaining, I have to give the state most of my domaining income. I could keep about 100-200€ myself and have to give the rest to the state since I am on state benefits. So to make domaining worthwhile, I would have to generate like 1000€+ profits a month, to not recieve state benefits anymore. And even if, I still have to get a licenese and so on and so on.

    So I will have to quit domaining until I found a job and thus do not recieve state benefits anymore! But I will not be gone forever, I will come back when that happens and start domaining again! In 3 years I should have finished college, so in 3 years I should have found a good paid job to not recieve state benefits anymore.

    I thank you all for the help I have recieved so far.

    And now I am scared that if I get the money from my auction here on NP on my paypal account, I could get into trouble :/
     
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  2. wormfood

    wormfood ---- VIP

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    Good luck with school and stuff
    Maybe you could develop sites for your domains or something in the mean time. if you want something to do
     
  3. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    I think even if you are not buying and selling domains then stick around the forum and stay active in the community and learn, learn, learn...so when u are ready to start buying and selling domains then you would already learned a whole lot...

    Also, you could look at accepting payment in bitcoin for ur domains and Namecheap.com accepts bitcoins as payment so you can even pay for ur domain registration in bitcoin with them.
     
  4. AGermanGuy

    AGermanGuy Established Member

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    I just thought about it and I have to live 6 years even on state benefits since I first have to do training for 3 years before having a job. And you dont earn enough with training to not live on state benefits.

    So yeah, cant do domaining until the next 6 years. :( :( :(
     
  5. mattG

    mattG Top Contributor VIP

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    Sounds like your government has you by the balls.
     
  6. AGermanGuy

    AGermanGuy Established Member

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    Without the government my situation would be much worse. My mum is too sick to work, so we need state benefits to survive. I am glad I am having state benefits, it just suck that its hard to earn something along with state benefits.
     
  7. mattG

    mattG Top Contributor VIP

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    Sorry to hear about your mum. And I wish you nothing but the best with your future plans.
     
  8. AGermanGuy

    AGermanGuy Established Member

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    Since I got accepted into College last month, my future looks bright :)
     
  9. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

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    You will be missed . Good luck with everything :)
     
  10. AGermanGuy

    AGermanGuy Established Member

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    I have decided to stick around and learn more about domaining, just not sell any domains :)
     
  11. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

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    Great decision. I was going to miss our conversations in chat :)

    Cant you buy and keep it for sometime before you sell?
     
  12. AGermanGuy

    AGermanGuy Established Member

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    Sure. But I would have to renew for the next 6 years then :D

    Also, I hope this forum is around the next 6 years lol. Maybe if I earn enough in my job training I can get out of state benefits in 3 years already, but i doubt that.
     
  13. baseballworld

    baseballworld Restricted (Market)

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    Good luck with your future adventures and investments.
     
  14. johname

    johname Planet Futbol VIP ★★★★★★★★★★

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    Pick the one domain you own that you enjoy the topic and develop it.
     
  15. briguy

    briguy Guru In Remission! VIP ★★★★★★★★★★

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    That what I thought when I first joined...

    Totally respect you for claiming your income..that is a rare thing nowadays!

    Wish you succe$$ in whatever you do in your future!
     
  16. baseballworld

    baseballworld Restricted (Market)

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    That's an idea anyone in this situation should take advantage of.
     
  17. N-A

    N-A Account Closed

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    I'd rather work and stay active while giving up most of my earned income and being able to keep enough for leisure than sit back training for work that may or may not come in 6 years when by then I'd know if I found new transferable knowledge, skills, and abilities attained from domaining (sales, marketing, analytics, developing, etc.). Stop using your mind that long and you'll lose it, forever depending on the state.

    I'm not sugar coating this, just food for thought.

    Good luck in the future though. :alien2:
     
  18. Branded Domains

    Branded Domains Be You VIP

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    If you live long enough, you'll make mistakes. But if you learn from them, you'll be a better person. It's how you handle adversity, not how it affects you. The main thing is never quit, never quit, never quit.
    William Clinton
     
  19. Sinh

    Sinh Top Contributor VIP

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  20. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    the best advice I have ever gotten is:

    get advice where it's good
    and not where it is available

    often that means:
    a great advice maybe not available for free
     
  21. eyedomainous

    eyedomainous Top Contributor VIP ★★★★★★★★★★

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    Stay in school. Stick around. And make One BIG Sale your hobby.
    If it comes through, Great! Problem Solved. If not, the experience will train you to be a name pro.
     
  22. WatchDogue

    WatchDogue Top Contributor VIP

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    Well, best wishes to you all and, no doubt your future educational - occupational endeavors can benefit long term from your on-line domaining education.
     
  23. namerav

    namerav Top Contributor VIP ★★★★★★★★★★

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    Best of luck
     
  24. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Good luck, keep reading and I do agree with @johname find one name and study development, that could be something that turns out to be a winner over time.
     
  25. AGermanGuy

    AGermanGuy Established Member

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    Yes, multiple people have already advised me to get a lawyer and ask him.

    But do you people know how much a lawyer costs? Multiple hundred euros.

    I dont have that money.

    I am going to the Jobcenter and financial office on Monday again, because I have searched on the internet and it seems that it is easier than I thought to do this stuff, and that the financial office just didnt know what I mean or purposefully gave me bad advice.
     

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