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Common Myths about Cash Gifting |
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Written by Webmaster
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Sunday, 15 June 2008 |
By Chris Carpenter
Youve probably heard of at least one cash gifting system at one point or another, and more than likely youve heard a lot of conflicting statements about them. Some people say that all cash gifting plans are scams or schemes, while others say that cash gifting is the best thing thats ever happened to them. With so many contradictory statements, it can sometimes be difficult to separate the truth from the fiction and find out the real facts about different cash gifting programs.
In order to help you evaluate cash gifting opportunities, its important that you get through the myths and half-truths that youll likely encounter first. Here are some of the common myths about cash gifting, along with the facts that the myths sometimes obscure.
All Cash Gifting Plans Are Pyramid Schemes. This is perhaps the biggest myth, and also one of the most important to debunk. While its true that the majority of pyramid schemes are based around cash gifting, that doesnt mean that the opposite is true; there are a number of legitimate cash gifting plans in effect which arent designed to lure in new people with fancy
wording when theyre really just being scammed out of their hard-earned money with nothing to show for it. Pyramid schemes hurt the reputations of legitimate cash gifting programs, but the popularity of cash gifting even after all of these schemes shows that there are some legitimate opportunities out there as well.
Cash Gifting Is Illegal. Heres another big one, largely related to the pyramid scheme myth above. While there are laws that govern how you can perform cash gifting, these are designed to protect people from pyramid schemes and other scams nowhere in the laws does it say cash gifting is against the law. The specific laws that are usually called into play in these situations deal with running an unauthorized lottery via the mail or other means, and again are aimed at pyramid scams and similar programs. The lottery clause is often used because the scams in question will only pay out for a certain number of people (usually the scam originator and those who agree to start it with them) before it collapses on itself, meaning that the vast majority of participants will be paying money for the slim chance of seeing a return.
Cash Gifting Doesnt Work. Another common myth is that standard cash gifting programs (not pyramid schemes) are legal, but they dont actually work. While its true that some plans might have problems like this, the majority of cash gifting programs tend to work quite well. They are structured in such a way that members will have both the support of others in the system and the strength of the system itself to help make sure that they see a return on their initial investment.
Cash Gifting Programs Are Doomed to Collapse. Heres another remnant from the negative influence that pyramid scams have had on the cash gifting market. Pyramid scams are based on getting as many people as possible to join in a short period of time, letting the people at the top of the pyramid make a lot of money but soon running out of new people to join at the bottom. Legitimate cash gifting programs are much better structured and are focused on making sure that every member succeeds instead of just a few.
Chris Carpenter
http://www.globalcashalliance.com
http://www.myspace.com/mvt
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Last Updated ( Sunday, 15 June 2008 )
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