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.
So, What Is A 'Cash 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
When you assess a cash gifting program, it is important to look for several features that are included in only the top programs. Especially on the Internet, it is easy to be sucked into a program that is actually a scam. By looking for a few key features of the program, you will ensure that the program you choose is the best one.
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. T=Different levels would allow you to give cash gifts in amounts that you are comfortable with. Time is also another requirement that the program should be flexible with. The best program 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."
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.
Make Sure Before You Take the Next Step
Despite the level of due diligence required when selecting the right Cash Gifting program, these programs can be one of the best opportunities around to make money fast. Joining a Cash Gifting program can be particularly helpful for someone stuck in a desperate situation - maybe in debt or in urgent need of cash. 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.
Gerry Lewis is a UK-based businessman & online marketer. He has over 30 years experience in offline & online marketing and is building one of the most successful Cash Gifting teams in the UK. If you want to build wealth in the fastest time possible go to www.CashGiftStorm.com for full details.
