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Wednesday, January 14, 2009

Gifting With No Risks!

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By Sergio Duarte

It is every person's dream to live life to its fullness spending time with family at home and having money to spend at wish while at the same time contributing to the society. On the other hand you wish to make money without having to pay inflated bills, and without having to encounter think about whatever risks may be involved. This is only natural to humans.

Man has an inherent wish to live life freely without having to worry about much and without having to struggle. While this remains the case in all generations, it sure calls for the development of strategies that are geared toward the creation of wealth. Out of this reality, people have opted to establish businesses with the primary mission of making money easily and fast, and contribute to the welfare of society as well.

Many times businesses have to contribute to the development of the society. This in many cases is done through giving cash gifts to members of society or offering services that in some way develop the society without the giving entity receiving something in return. In corporate terms this is fulfilling corporate social responsibility.

Similarly, you can decide as an individual or group of individuals to make money through different means, and give cash gifts to one another without really expecting something in return. This may be termed as private cash gifting. As you realize, private cash gifting is not at all a new concept but has been practiced since the beginning of time.

Private cash gifting involves no commercial or business activity. It further does not involve multi-level or network marketing. And because this is not a business no employees, principals, shareholders and officers are involved. This, as you realize, implies that there are no securities, investments and business transactions involved; absolutely risk free you may say.

Risk free gifting is legal and has clearly been enshrined in the constitutions of such countries as the United States of America and Canada. In the course of gifting, it is provided that both the giver and the receiver of the cash gift do not pay taxes on the gift. While this is an advantage of gifting, the fundamental principle involves giving something to the world. It is for this reason that civil groups, churches and other organizations participate in cash gifting.

One advantage of cash gifting is that it enables you make money tax free. It is not a guess that you get greatly disappointed at the fact of having to pay taxes to the government which may not be adequately providing the services that you so dearly pay for. Yet another plus for cash gifting is its guarantee to work wonders in return while benefiting the receiving end.

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