My Blog
What is private gifting?
Private 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.
THIS IS NOT A PYRAMID TYPE GIFTING PROGRAM...THOSE ARE ILLEGAL AND THIS IS DEFINITELY NOT ILLEGAL!
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 $12,000 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. WE ARE NOT GIVING TAX ADVICE! Please
consult a local CPA regarding your decision to pay taxes on your gifts
or not.
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.
What is the Cost to Get Started & What are My Options?
The Level you choose to join Abundant Living System is your own
personal choice. The Level you choose is the amount of gift you will
send your "Inviter/Host." You may "upgrade" to higher Levels at any
time by paying the difference, and that is sent to the next in line
qualifying inviter.
There is a $50 bi-annual processing or
$79 annual fee that is paid to the Processing Center for your own
"Members Area/Training System" that takes care of your genealogy
(member tracking) so you don't have to! That is the only mandatory fee
you have to pay.
We also offer Training Tools and other
Marketing Tools in the members area. These are all offered to making
sure your experience with ALS is pleasant, fun and profitable!
Don't wait another day…Seize The Moment! NOW is the time to take action! Visit http://www.cheerfulcashgifters.com and make the decision to JOIN TODAY!
