Business and Life

All About Cash Gifting and Money Gifting by Malcolm Louis T.

What is private gifting?

Private cash gifting is a concept embraced by private groups of individuals and has been in existence for many years. Our private activity does not involve network marketing, multi-level marketing, or a business or commercial activity. There are no business transactions, investments and/or securities involved in this activity. There is no business or company name or location and there are no directors, officers, shareholders or principals. Individuals simply support each other in a team concept and help change lives.

The concept of private gifting is based upon the fact that both American and Canadian 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.

How did this concept begin?

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. It has been a means of helping and blessing others on special occasions or when the need arises.

Many cultures gift as a matter of course. Asian, Jewish and South American communities gift individuals within their culture on a regular basis so that they may start a business or buy a home. They in turn gift someone else to help enhance their lives. Habitat for Humanity is a great example of private gifting. Everyone participates with their time, their talents and materials to build a home for someone else. Some participate with a hammer, some with nails, some with food and others with the monetary gifts to purchase the supplies, but all create a team that works together to bless someone's life.

How does the gifting activity work?

Individuals share using a basic concept that "All things must be done in order" - the Universal Law of Sowing and Reaping - "when you give, you shall receive." This follows God's Law of Reciprocity. "Give and it shall be given unto you." This activity is offered only by means of an exclusive one-to-one invitation. When someone accepts the invitation, they move through a natural progression from the giving to the receiving stage of the activity. In this activity, there is no fixed hierarchy of individuals who have an advantageous position or unfair advantage over new participants.

Who can participate?

As stated above, this is a private sharing group, and is offered only through an exclusive one-on-one invitation to individuals over 18 years of age. You are invited to learn more about our activity and become part of something extraordinary.

Is this a company?

There is no company - we are a team of individuals, and we give to one another and other teammates. We are not a business or an investment. No company can withhold or misplace our gift. We are totally in charge of our own gifts and gift directly one to another and work for the betterment of the team.

How can you give to a stranger?

How many times have you given to United Way, the Salvation Army and other charities? You don't know who got the gift, what stranger. The only difference here is that this person will start out as a stranger, but you will get to know them as part of the team, work with them and perhaps develop new friendships. We all have met some of the most wonderful people and have made a lot of new friends across the country and the world. These people are giving, they like team dynamics - they are people we want to meet and befriend.

Is this a pyramid?

No, this is not a pyramid scheme. A pyramid is associated with a company or a business. We are not a company, just a private sharing club. We have no sales quotas, we do not sell positions and we do not have an ever-widening base to the structure, which just keeps going and going. A pyramid never allows anyone coming in on the bottom to ever reach the top. Everyone gives the same gifts, works together in team dynamics and receives the same gift. In a pyramid, only those at the top profit while those at the bottom never reach the top. In a pyramid, people can and have lost their money.

A pyramid is also not to be confused with "Network Marketing". Although Network Marketing is a legal and viable source of income, when was the last time you, or anyone you know, was able to start at the bottom of the company and reach the top position in the company? NEVER! We are neither a networking company nor a pyramid scheme.

Why would I want to participate?

Gifting has changed countless lives for the better. People who were about to lose their cars and homes have been saved from financial ruin, college education's have been made possible, and nearly forgotten dreams have come true, all from participation in gifting. Gifting is the fastest way to generate cash.

Do I have to share this with family and friends?

No. Our club here at Number One Success System directs you to the resources of like-minded individuals that want to change their lives with this activity.

Can I do this part-time? Yes. Many people easily work this activity around their existing schedule. It's a matter of setting priorities and fitting this into your current lifestyle.

Do I have to be a salesperson to do this program?

No. There is no selling, no solicitation, no pressure and no coercion. It is simply a matter of sharing what is in your heart, of sharing your own reasons for becoming a participant, and your own experiences. We hold live Workshops to answer questions for your Invitees, therefore you don't have to do any explaining.

Is it legal?

Yes. Churches, civic groups and people from around the world have participated in organized gifting for over 300 years. Laws state that it is legal for individuals to exchange gifts. In the United States we have the Preamble, the Constitution and the Bill of Rights to protect a private citizen's rights to earn, pay taxes and give away property and cash as long as it is done according to the laws and codes of this country.

Can I join at any level to begin?

You can join at either level or a combination of them all. Example: $2000 + $1000 + $500 for a total of $3,500. Or: $1000 + $500 for a total of $1,500.

Is this structure considered a board or a matrix?

No. Number One Success System uses a simple 1-Up structure. This structure allows its participants to get into the receiving position very quickly. It out performs ALL matrixes and boards and is a mathematically superior structure. This 1-up 1-time structure is the heart of the system.

How do I get started in this activity?

Go to http://www.giftingprofits.com and review the entire site and all of the testimonials and video. When you're ready to sign up call the number on that web site and that person will give you the simple and easy instructions on how to get started.

Why do other programs fail?

Every single one of them that was NOT people-&-relationship driven, no matter how good its products or services, no matter how well-managed, has either gone broke or struggled to keep its head above water.

And every "relationship-driven" business, no matter how inferior its products or services and no matter how poorly-managed, was successful almost without fail.

WE ARE PEOPLE helping you build your dreams, and your achieving your goals. http://www.giftingprofits.com

Online Marketer since 1999. Researched 100's of online programs that came and went. If it's something real and worth it I get involved with it myself and tell the public about it. This is one of them.

Article Source: ArticlesBase.com - All About Cash Giftng