Take Care When Choosing A Cash Gifting Program
In the ‘home business’ arena, in recent years, nothing has caused as much controversy as the concept of Cash Gifting. What is Cash Gifting? What does it involve? Is it legal? Will it work for me? These are just a few of the many questions that people ask when the subject is mentioned. Many people consider participating as a means to seriously build their personal wealth, and it undoubtedly has the potential to ‘open doors’ for people who would otherwise be locked into poverty. As with most activities of this kind, it is absolutely vital for the individual to do his/her ‘due diligence’. As is very often the case, despite the undoubted benefits this activity can certainly bring, there are traps for the unwary.
Defining And Debating The Gift
Cash Gifting is a not a new concept, and has, in fact, been around for many years in the small/home business arena. The fundamental difference now, though, is that the whole process can be automated via the Internet. This has allowed the development of new, highly-efficient programs which are almost 100% automated. A cash giving program, then, is defined as a system which enables a private group of individuals to give cash to, and receive cash from, one another.
Cash Gifting is by its very nature. Controversial and this has led many to contend that the activity is illegal. This is certainly not the case as, in the United States, as in many other Western countries, Cash giving is based on the Constitutional right of individuals to give property, cash and other assets. In the United States, this process is regulated by Title 26 in the IRS Tax Code. This law states that one or more individuals can give a gift to another individual of up to $11,000 each per calendar year. There will be no tax liability to either the giver or receiver of the gift, and the gifts are not calculated into the gross income of the receiver. Cash giving is perfectly legal, and the benefits it provides are endless! Particularly so if the right Cash Gifting program is selected from the outset.
Being A Smart Giver
As with any new business activity with which you are not familiar, it is most important to do your homework – there really is no substitute for ‘due diligence’. However, it will become clear very early on in the process that there are certain features which are essential in any successful program. You also need to be on the look out for unscrupulous programs which are out to ’scam’ the careless home entrepreneur. Clearly, these programs need to be avoided at all costs. Selecting the right program for you should be a fairly painless process provided you stick to the basics, use common sense, and ensure that your program of choice incorporates the following key features.
Any cash gifting program should be fairly flexible in how much participation it requires of you. For example, some of the more successful cash gifting programs might offer different levels of participation, in some cases entry level gifts could be a low as $100, rising to $10,000 per gift for the higher levels within the top programs. It is important that the different levels allow you to give cash gifts in amounts that you are comfortable with. Most people get into gifting, initially, on a part-time basis, so it is very important that an individual is able to ‘work’ the program and succeed with the minimum amount of effort and in the shortest time possible. In fact, the best programs will allow both full time and part time participation.
Avoid programs that appear to be based on the marketing of some spurious product, potion or service. These products are an irrelevant complication to the purity of the Cash Gifting process. It is important to keep a look out for these and avoid them at all costs. The best cash gifting programs do not have this requirement as all that should be required of the members is to publicize the opportunity, ideally through a website provided by the program. Backed-up through a totally automated system this does 100% of the work for you. In the best programs, even the final ‘closing of the deal’ or enrolment of new participants should be the responsibility of the program managers. Thus requiring as little input as possible from the members and opening the opportunity to the majority of potential participants who are not comfortable, making phone calls and ’selling’ the idea.
One dead giveaway of a program that is not legitimate is one that is structured pyramid-style. Many corporate organizations with similar goals are structured in such a way that only allows those at the top to reap the benefits. A true cash gifting program will be structured in a way that allows all participants to benefit equally.
Take Care in Your Selection
Despite all the scrutiny that is required when selecting a cash gifting program to participate in, true cash gifting groups are great opportunities for making money in a fast and easy manner. This can be especially helpful for those who might be stuck in a desperate situation. Those who try to undermine the beauty and selflessness of cash gifting programs do not understand the true nature of the group-it follows God’s law of Reciprocity. “Give and it shall be given unto you.”
This is the first in a series of articles by the author which explore the wonderful opportunities presented to those who enter Cash Gifting in a spirit of ‘giving’. Choose the right program, and they will be richly rewarded beyond their wildest dreams.
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