Like many people you may well have come across the concept of cash gifting online, perhaps a website that you have come across, an article, or perhaps you’ve even been invited to join such a scheme by e-mail. A brief look on the Internet may well return results that are enormously varied in the information that they offer, only helping to add to the confusion.
So what is cash gifting, and how does it differ from other schemes carried out online? You may also be looking to find out whether such a scheme is legal, or even whether it is a scam, since there are so many unfortunate instances of dishonest people trying to make money from people using the Internet.
Cash gifting is certainly not a scam, it is a very viable business model which is based on one single premise: people genuinely liked to give and receive. In the United States, as indeed in most countries, individuals are freely able to give donations of money, and receive donations of money, entirely tax-free. Although the specific amount will vary from one country to another, in the United States it is possible to give anything up to $11,000 as a lump sum, entirely cash free.
It is also entirely possible to receive a cash gift of up to $11,000 tax-free, and the advantage of cash gifting schemes is that it is possible to receive this cash gift of up to $11,000 tax-free time and time again, from different individuals. This is the way that many people make a full-time living, entirely tax-free! Almost certainly you’ll be asking ‘what is cash gifting’ and the best answer is that it is a private arrangement between individuals based on the widely found interest that people have in giving and receiving.
Cash gifting is not a pyramid scheme, since a pyramid scheme necessarily has one, or just a few, individuals at the very top who are making all the money, whereas those further down the pyramid, and especially those at the bottom, receive very little, or nothing at all for their investment.
What is cash gifting if it is not a pyramid scheme then? Rather than having one person at the top of the pyramid, most cash gifting teams involve each individual recruiting and heading up their own team of people. In many cases it is only necessary to recruit one or two people yourself. Far beyond being a pyramid scheme, cash gifting is almost entirely a linear model, with no fat cat at the top, and with every single individual who is a part of that team having an equal chance of making whatever income they have set themselves as their goal.
It is important to bear in mind that, unfortunately, the words cash gifting have often been misused by people who are actually running either get rich quick schemes that clearly cannot work, or thinly disguised pyramid schemes which are certainly destined to fail eventually. In order to benefit from a cash gifting scheme financially yourself, it is important to approach these invitations carefully and sensibly. It is unlikely that a cash gifting scheme will help you financially in the long term if it is suggesting that you will be able to make tens of thousands of dollars within the first two or three days. It is also unlikely that you will be able to make your fortune without any effort on your part whatsoever.
Cash gifting will help you financially as long as you are prepared to invest a reasonable amount of time and effort into making the system work for you. This is where it is possible for you to decide exactly how much financial help or income you would like yourself. Many people choose cash gifting as a part-time income, spending just an hour or two each day. Many other people have taken up cash gifting as a full-time means of income, and have managed to make this an extremely successful income stream. This is only going to happen for you if you are prepared to invest considerable time and effort into promoting and recruiting more people to the team.
So if you are asking the questions ‘what is cash gifting’ and ‘can it help me financially?’ then the answer is that it certainly can help you financially, so long as you choose a cash gifting scheme which does sound fair and reasonable, without promising the moon on a plate, with no investment of time or effort on your part at all. If you are looking at cash gifting as a full-time income, then be prepared to commit several hours a day into making it work for you.
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Free ebook on cash gifting
To Your Success
Carol Oon
The “Nice” Mentor
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