Friday, February 20, 2009

Cash Gift

Is Cash Gifting Legal or Ethical?

My neighbor asked me a question as he might want to know the answer to the Big Question about the legality of the Cash Gifting. I spontaneously answered him back that I do not know in depth but as per me helping hand in terms of Cash Gift to people in need is the best ethical or legal way of Cash Gift to best of my knowledge. The cash leveraging is considered as exploiting the practice of cash gifting. Though I replied him spontaneously I knew that there are lots of different opinion & types of Cash Gifting which are prevailing in real world.

The term “Cash Gifting” is creating confusions and controversy on itself. The above asked by my neighbour is really a question in itself as to consider Cash Gifting as legal and ethical that if somebody wants he can argue on this point for hours together without any end to this debate. This is because there are numerous of ways in which day to day routine Cash Gifting is in practice. One type of Cash Gift which is widely appreciated is charity or donation being collected by even unknown persons, less known organization or individuals. Though it’s considered as best possible type of Cash Gifting, the real cash reaching to the actual user stay very small amount in a reason of this cash has been passed on through many agencies, routed through many hands.

As a tradition or as a rituals, many of us are used to give cash gifts to our close relatives, friends; this is one of the highly acceptable means of Cash Gift and this if with good intentions for good reasons. Cash Gifts offering at Parties, Functions like Birthday, wedding, anniversary, holidays or even at the time of getting good ranking in universities are widely acceptable. By all cases mentioned above it is considered as legal & acceptable means, in all these cases mentioned above there is no need to receive any product against Cash Gift but it will be given with our own wish to somebody we would like to Gift.

The other type of Cash Gift is lotteries. Many people buys lottery tickets taking chances to win big prizes but the undercurrent is when we all pay small amounts in the form of lottery tickets that big sum is being used by Governments to declare winner. Then also this type of Cash Gift is considered as legal and free from money scams. But I would like to suggest that each person who would like to go for Cash Gift should have to do due diligence. One should have all the basic details done before he should actually enter such network like he should have phone number, website and voice mail detail that means one should have comprehensive information available. Mentor plays the most important role in all sorts of Cash Gift types, it is very much essential to choose good mentor who can provide extensive coaching, advising and also make sure to provide right tools to make us successful. The most important task in the cash gifting venture is to adopt right marketing strategy for cash gifting system. Again here mentor plays pivotal role to help to choose right form of marketing strategy and tools.

1 comment:

  1. I do not know in depth but as per person who hands help through Cash Gifting is the best legal or ethical way. The cash leveraging is considered as exploiting the practice of cash gifting. Though I answered him spontaneously I knew that there are lots of different opinion & types of Cash Gifting which are common to our world. The most important task in the cash gifting venture is to adopt right marketing strategy for cash gifting system.

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