Cash Gifting Your Way To Hell in a Handbasket
Cash gifting programs that are grounded in no product or service but require recruiting many people in order for the financial rewards to be realized CANNOT SUCCEED FOR ALL THE PROGRAM PARTICIPANTS. The numbers becme geometric, and the people getting in at the bottom are sure losers.
What is Cash Gifting?
Giving private gifts to one another is an expression of kindness, which has been going on for centuries. Governments have allowed its practice for individuals to share their wealth with families, friends and others.
The concept of private gifting is based upon the fact that American citizens have the Constitutional right to gift property, cash and other assets, and are subject to the rules and regulations established by the laws. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511.
The law states that one or more individuals can give a gift to another individual of up to $11,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. These gifts are not included in the gross income of the recipient.
What is wrong with Cash Gifting?
Many Cash Gifting programs claim they are helping other people. Some hide behind the guise of "paying it forward". Cash Gifting programs operate on the fringe of the IRS gifting laws and in some cases are illegal or may have additional tax complications.
Believe it or not many Cash Gifting participants are struggling themselves and are only trying to recruit you into the Cash Gifting business where your money will be gone forever.
Cash Gifting is a tough business which preys on human greed and far more people lose their money with Cash Gifting programs than not.
Here are some things to consider before joining any Cash Gifting program.
Many people involved in these Cash Gifitng schemes are desparate to get your money and once they do you're probably on your own there after. Many sponsors will somehow ignore you after that point or will be hard to get in touch with when you need help.
Many sponsors will offer to train you to market their Cash Gifting program but will pass the buck when it come time to put out. Then they will try to blame it on their sponsor. Plus, most of them are too busy trying to recruit new members for themselves.
Many sponsors will offer you "Free Leads" but don't fall for that one either because those list are pretty much washed out and recycled. Try to call those leads and you will probably get rejected or the receiver will tell you that you're the 20th or so person that called about the same program.
Cash Gifting is nothing more than a scam opportunity wrapped in a cloak of caring. Many Cash Gifting scam operators use trusted religious beliefs and values just to get you to part with your cash.
Many Cash Gifting Mentors also like to use phantom members in their lines. It is no surprise to find out that all of the people they claim to have helped are relatives.
Far too many people join these programs and have never made a dime or get a qualifier.
Where are most of those sponsors/mentors now? Who knows.. maybe in the witness protection program.
To learn about a solid opportunity with real verifiable results, that will train you to become successful marketers, not scam artists
