Cash Gifting - Select The Right Program And Win!
Gerry Lewis
A source of much debate and confusion is the concept of cash gifting. Many people don't have any idea what exactly cash gifting is, and those who do know what it is are concerned about its legality. Participating in such a program can open up many doors to its participants, but the first step is finding out what it is and how the program works. Most importantly, however, people looking to participate in a cash gifting program must find a plan that is safe, legitimate, and beneficial to its members.
Defining And Debating The Gift
Cash giving is nothing new-it has been going on for hundreds of years. The difference is, now the concept has been transferred to the Internet. The Internet has allowed the programs to become more streamlined and connected. A cash giving program is a private group of individuals that allows them to give and receive cash and property 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.
Many cash gifting programs are unsuccessful because their program depends on their members marketing and selling a product or service. The best cash gifting programs do not have this requirement. All that should be required of the members is to publicize the opportunity to their friends and neighbors. The core leadership of the group should be responsible for "closing the deal."
>From a legal perspective, something to look out for and a dead giveaway of a program that is not legitimate is one that is structured pyramid-style. You have undoubtedly heard of the notorious 'pyramid scheme' which the public at large have been warned to avoid 'like the plague'. Many corporate organizations with similar goals are structured in such a way that only allows those at the top to reap the benefits. This can work in a corporate environment, but is an absolute 'No No' for Cash Gifting. A true cash gifting program will be structured in a way that allows all participants to benefit equally. Indeed, the very best programs operate what is called a '1 -UP' system. This provides the potential for an 'unlimited' residual income once you have enrolled your first direct member. You should study the details of your prospective program of choice and look for this feature - it's 'dynamite'!
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.
About the Author:
Gerry Lewis is a UK-based businessman & online marketer. He has around 30 years experience in offline & online marketing and is building one of the most successful Cash Gifting groups in the UK. If you want to build wealth in the fastest time possible visit www.CashGiftStorm.com for full details.
|
