Can you really make money with Cash Gifting Programs? Are these programs legitimate? Many people have misconceptions about Cash Gifting, so I’m going to address this in this article.
I’m not going to review specific Cash Gifting Program but the concept as a whole. I like reviewing different money-making opportunities online, so I have done thorough research about Cash Gifting Programs in the past few days.
As a disclaimer, I have no relationship with any Cash Gifting Programs on the market, so you can be sure that my words are unbiased.
At the end of this article, I’ll also tell you a better alternative which enables me to make a consistent 4-5 figure monthly income.
Here’s what I’m going to cover in this review of Cash Gifting Programs:
What are Cash Gifting Programs?
Cash Gifting simply means giving away money to a person. You may give away money for charity, in weddings or other special events.
So if you ask whether cash gifting is legal or not, the answer is certain. It’s absolutely legal to give away money. In fact, in the US, cash gifting is recognised in the tax code. You don’t have to worry about tax as long as the amount is not more than $12,000.
However, for Cash Gifting Programs, the concept is different. Cash Gifting Programs have been said to amount to pyramid schemes.
The idea of Cash Gifting Programs is that people are doing this to make money, not the same scenario as in charity or weddings as mentioned.
That is a grey area, so I cannot say it breaks the law. It is like circulating money and there must be someone who loses money. At the end of the day, only people who create Cash Gifting Programs make money.
Cash Gifting Program generally works like this:
You get referred to a Cash Gifting Program and you pay the referrer a certain amount of money.
You are then trained to promote the Cash Gifting Program to someone else in order to get the same referral fee.
So when you refer someone to join the Cash Gifting Program, you will be paid a certain amount of money. A certain percentage of the money will be received by the original referrer or the creator of the program.
So it’s like a disguise of cash gifting as people are doing this to make money, not give away.
Are the Cash Gifting Programs Scam?
Cash Gifting Programs have been around for years. As said, it is a grey area, so I cannot say if it is legal or not.
I think Cash Gifting Programs are like pyramid schemes. People join the program to make money but to make money, you have to refer people to join the scheme. At the end of the day, a majority of the people lose money.
It’s essentially passing the bill to the next person and the next person tries to pass the bill to others, which results in an immoral cycle. People who cannot pass the bill will lose money.
Some people, especially the creator of such a program, can make a lot of money, but it’s not a moral business.
Therefore, I don’t recommend joining any Cash Gifting Programs even if it cannot be proved to be illegal.
If you are looking to make sustainable and legitimate money online, I have a much better recommendation for you.
I have been making a consistent 4-5 figure income after joining this alternative platform, which allows you to build a legitimate online business from scratch and make passive income without any risk.
I will tell you more in detail in the next section.
Is There Any Better Alternative to Cash Gifting Programs to Make Passive Income?
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There’s a risk-free online business model that doesn’t need initial capital and can be done as a side-hustle. It is called “affiliate marketing”.
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Actually, the earning potential of affiliate marketing is huge. There’re people who are doing it full-time and earn a 7-figure income a year.
This is a 21-year-old student from my #1 recommended training platform of affiliate marketing. He was able to earn $7395 in just a week. That means more than $1K a day. It’s nearly impossible for you to find a part-time job that can pay you $1K a day. But affiliate marketing can.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding one. If you’re a beginner in online business, affiliate marketing is perfect for you because it’s simple but lucrative.
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Where to Join Wealthy Affiliate?
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If you have any questions, feel free to comment below and I’ll respond as soon as possible.