Cash Gifting History, Legal, Ethical And Straight Forward Information!!
span>Share:
The Big Question, Is Cash Gifting Legal or Ethical?
There certainly are many differing opinions when it comes to the concept of cash gifting and its ethical and legal standards. There is alot of controversy when the cash gifting is mentioned and a struggle to figure its ethical and legal validity. One can argue opposing sides of the issue for hours and get know where but frustrated.
Here Are A Few typical Ways cash gifting is Practiced in Our Society
Most of us are fine with cash gifting to family members, friends and relatives. We are ok with it because with have a history with these people and know them well. The gift may be used for something needed such as a deposit on a new home, a wedding, a much needed car or other related necessities. . These are accepted practices and no one is pointing out that it is a scam, its you family and friends, correct.
Some of us are ok with giving money to total strangers who are gathering money for a charity, or donate cash gifts by mail to specific charities that they have a particular liking for. We all participate in the activity and will for decades to come. Statistics have shown that, in most cases, as real as they are, the actual monetary percentage of the cash gift that makes it to the organization is minimal. Most of the cash gift is eaten up by administration, advertising, traveling, etc. Still, no one is screaming scam; its a wonderful charity after all.
Everyone understands the lottery. Almost all of us have bought a lottery ticket dreaming that we will hit the big cash pot. We do this knowing that are chances are slim because there can be only 1 winner after all. We also know we have a better chance of being struck by lightning twice than hitting the numbers but we play anyway! Who do you think pays the winnerwe do via all those millions of tickets that were sold. The government runs most of these Lotteries, so we accept that they are "legal". Again, no one is screaming scam."!
Most of us give cash gifts or presents on birthdays, graduations, weddings etc. No one tells you how you must spend the cash, do they. No one ever said this type of cash gifting was not ethical and legal.
As you know can see it is not illegal or unethical to give or receive cash from whomever we wish.. We can give the amount we choose and for whatever reason we deem necessary. We dont have to give a product or service either; its up to us what we do with our cash after all.
Important Aspects When Joining a Cash Gifting Program
Do your homework! Make sure the telephone number given is answered by a live person or their voice mail and not an 800 service or recorded message. Make sure the website looks professional and conservative. Make sure the website gives you comprehensive information and not just a bunch of pretty picture and rah ra. Make sure the site is easy to navigate from the get go. Make sure the site loads quickly. If you decide to email them do they reply quickly, courteously and offer help information to you? The last thing you want is to be rushed off the phone.
If it is a legitimate cash gifting program they will not charge you a fee for a website. Typically, this is someone replicating real cash gifting program and trying to collect fees. Most all cash gifting programs require a fee for the back office support and 1 year hosting. Almost all are around $120.00 which is reasonable.
Choosing your cash gifting: Your mentor/inviter must be committed to your success by providing you with the support necessary for you to become a mentor yourself. A mentor will take the time to listen to you and not try to avoid you or rush you off the phone...
The most important aspect of cash gifting is marketing your system through multiple channels online and offline. Your mentor should provide you with techniques that have and still are working for him or her. You can then decide which of these techniques will work for you on a day to day basis.
Understand the structure of each cash gifting program. Be very Leary of programs with a 1-up structure, as these require you to pass uptoqualify. There are still cash gifting systems and cash leveraging systems that pitch the residual cash system. The No 1 Up system is the most efficient and effective program due to the fact that it lets you keep your first gift and every gift after that, the full amount of the gift, no percentages passed up.
Honest, ethical and legal cash gifting programs is all about people helping each other. The idea of passing up a personal to you inviter (cash leveraging) doesnt make sense and in my opinion is exploiting the practice of cash gifting. Wealth Health and Happiness, Always..
by: Frank Poretta Cash Gifting Program Structures Small Business Security With The Air Purifier Hidden Camera Why Big Customers Resist Doing Business With Start-ups The Business Of Currency Trading A Food Business Can Be Financially Rewarding Ltv International Removals: International Business Relocation Made Easy Making Business Decision Making Easier With Deltek Solutions Using A Wholesale Directory For Small Business Venture Finding Long Term Business Solutions With Sage Accpac The Benefits Of Acquiring Sage Business Consultancy At&t T1 - What It Can Do For Your Business Top Multilevel Marketing Businesses? Designed Parker Pen - Very First Option in Small Business Marketing