What is Cash Gifting? Cash Gifting is simply the act of voluntarily giving someone money with out the act of coercion or consideration. A perfect example of this is a child receiving birthday cards with money inside on his/her birthday, or a bride and groom receiving envelopes full of cash on their special day.
History of Cash Gifting There is no exact date when cash gifting started but a story is that a single elderly lady helped a family that was in desperate circumstances. She went to her church and raised money. She was able to help the family save their home. Some claim that was the birth of cash gifting. Ancient Asian cultures gave gifts to less fortunate people and when they were more established they in turn gave gifts to other less fortunate people, which establish stable communities. One of the wealthiest communities is the Jewish community. Jews have also believed greatly in cash gifting and they are known to help their fellow man in order to preserve their way of life.
Is cash gifting legal? Giving gifts is our right as human beings. It is our money and we have the right to do with it as we please. American and Canadian citizens have the Constitutional right to gift property, cash and other assets. Many other countries participating in cash gifting also have very similar gifting laws. What makes it legal is that each individual must give a Gifting Statement and/or Non Solicitation forms, when signed become binding agreements between two private individuals. So giving a gift of cash to someone, be it a friend, family member or a stranger is legal according to IRS code. The amount you receive is unpredictable, but to be tax exempt it cannot exceed $12,000. Per IRS Tax Code Title 29 and Publication 950, effective January 1, 2006, any one person can give/receive up to $12,000 within 1 calendar year tax free (per IRS guidelines)
Scams and Pyramid schemes Not all Cash Gifting programs may be legal in their structure. There are still some "old school" Cash Gifting programs out there (mostly offline) that have been shut down by the feds because of their pyramid type structures where only the fat cats on top were getting paid. Like everything there are people that tend to take advantage of a good thing.
How does it Work? First every program has some kind of administration fee. This is for maintaining the website and the help desk and any other administrative tasks. This is also for assigning a membership number or name to track the gifts that you receive. Once your admin fee is paid you will be able to send your gift to your inviter. This depends on your budget. With The People's Program there are 9 gifting levels starting at $150 and it goes up to $10,000. Remember to save some money for paid marketing if you so choose to do so. You have the opportunity to send out postcards or even participate in the co-op program. There is more information on these resources in the back office. You have to be a member to view.
What is the Best Program? That is a very subjective question. Just as there are many car dealerships, there are many cash gifting programs. You simply have to do your research and find the best program for you. According to Michael Townsend the "Covert Millionaire" there is one program that stands head and shoulders above the competition, and that is The People's Program. There are individuals in The People's Program that are making as much as $100,000 in a month. Cash Gifting is truly the fastest way to become a millionaire in today's economy and The People's Program is leading the way. Once you become a part of The People's Program you will pay a one-time admin fee of $50 per year. This gives you access to a squeeze page where all your visitors will first land when they pull up your unique URL like www.CovertMillionaire.com. Right now you have three design options for the website, soon there will be sixteen (unheard of in the gifting industry). One of the most phenomenal additions that The People's Program implemented was the residual gifting concept. No longer do you have to give up your first gift but instead you are able to benefit from your gifter's gifts by receiving a percentage of that gift. Some of the other benefits include: · FREE Capture Page Designs With Website! · FREE Replicated, Multi-Choice Marketing System! · FREE Customizable Auto responder System! · FREE Prospect/Contact Management System! · ONLY a $50 Admin Fee, Lowest In The Industry! · Nine Gifting Levels, The Most In The Industry! · 100% Credit System With NO Qualifying!
The People's Program is definitely the best choice for anybody interested in cash gifting. The best thing about The People's Program is the training that we have. On Tuesday night at 10:00 PM Eastern Joey Kissimmee does a live training webinar where he teaches newbies everything they need to know to launch a free advertising campaign. It was Joey Kissimmee who taught me how to write articles with www.hubpages.com
Summary The bottom line is that our current economy sucks (for lack of a better word). There are people that have to make decisions on whether to buy food or medicine. It should not be that way. The only way we can break the curse of poverty and living paycheck to paycheck is to do something different. Everyone has a story and an excuse why they cannot do better. "I'm going to wait to the New Year." "I have to buy Christmas presents." Whatever the excuse is realize that is the reason for failure and why you don't have the nice clothes, eat at fancy restaurants, or even drive your dream car and live in the neighborhood of your choice. Do the right thing and take a serious look at cash gifting with The People's Program. Remember: "Give and it shall be given to you. A good measure, pressed down shaken together and running over, will be poured into your lap. For with the measure you use it will be measured to you." (Luke 6:38)
About the Author Michael Townsend is the "Covert Millionaire" he does not believe in bragging about his wealth or what he has accomplished in this life but for the people in his life. He has a beautiful strong wife that is truly the apple of his eye. Three loving children that are excelling in their academic as well as extra curricular activities, and a cute little tweetie bird. What matters to Michael Townsend is the impact he has on people around him. It is his greatest pleasure to read stories of people paying off their credit card bills and getting out of debt and doing things they only dreamed of. The best way to contact Michael Townsend is to go to http://www.CovertMillionaire.com there you will gain access to his phone number and email address if you wish to be apart of his team. Thank you and God Bless.
Michael Townsend the "Covert Millionaire" Cash Gifting The People's Program
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