An Overview Of Cash Gifting Online
Ok, so, for those of you who may be new to this idea that is called “Cash gifting”, it is basically the act of giving away cash. However, there is a lot more to it than the obvious, probably more than you have ever realized. When you give away a sum of money to someone, or to a financial entity, and it is given away freely and privately, it is called cash gifting. Traditionally, cash gifting is free of consideration or coercion, and is sometimes referred to as “cash leveraging”.
Despite what you may think, this is a fairly simple system. It is not like a corporation, because there are no shareholders, investments, or securities involved. But, it is not like a business either, because there are no business names or locations, and there are no directors or officers. In a way, cash gifting is just a group of people teaming up together and to support each other in an effort to help change lives.
There are a number of different cash gifting organizations, see the “Various Cash Gifting Programs” page to the right to read a short list of some of the most popular ones, and some information and comments about each.
Is it Legal?
Did you know that in Canada and the United States, you have the right to give cash as a gift? Yes. You do. This is a question nearly everyone asks when they are considering getting into this home-based opportunity. In the United states, our right to give cash gifts are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511. By law, we can give up to $12,000 every year without being tax liable. Not only that, but the receiver of the gift doesn’t have to include these gifts in their gross income.
Now, with that said, not all cash gifting programs are legal. It is important that before you join one, you find out how the system works, and see if it is in line with what the law allows. All the ones we talked about above are legal, and so are many others. The fact is that since the 1up system was developed, many individuals have met with great success in a completely legal atmosphere using cash-gifting systems.
Unlike other work at home systems, where people do arts and crafts, sell stuff, or handle large volumes of software or something like that, many people actually make money and succeed in the cash-gifting system.
Throughout history, cash gifting has been an important part of our lives. Lives have literally been changed by the giving of gifts. Look at weddings! It has been a tradition for hundreds of years to give monetary gifts to the bride and groom to help them start their life together. Look at birthdays! How many times as a kid were you so thankful for birthday money because it allowed you to get that special gift for yourself you had been wanting? Cash gifting as we know it today, in the form of these systems, is no different than a “grown up” version of birthday money. We give a gift, and get so much in return. Consequently, those who reward you get rewarded many times over, and so on. You see, this system is not based on greed, corporate payroll, or the need to get “something for nothing” like so many people think. It is based on a system where you are rewarded for GIVING.
So simply put, one person sends a cash gift to another person so that the other one too can begin to receive cash gifts. To join a Gifting Program you must gift your sponsor to get into the system. There may also be some administration fee you would pay, amount depends on what tier level you sign up for.
Believe it or not, some people join gifting programs out of sheer desperation. Many join up by borrowing cash form banks or friends. Always keep in mind the addional costs involved to have access to the website and back office. Costs of self-promotion are also necessary.
We have found the most effective programs to date and have provided a good overview of their prospective systems. They are as follows in no particular order:
Number One Success System (NOSS)
The Overnight Cash System (TOCS)
The Global Gifting System (GGS) - the most recommended system today
