Posts Tagged ‘cash’
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Is it the fear of accepting that which appears to be a non-standard method of cash exchange with others, that makes it appear to some to suspect or suggest, without proof, the presence of malicious intent? Perhaps one of the primary barriers to successful application of cash gifting happens to be a mental one. Through the process of simple rules, one should find success.
There are long-standing traditions in other cultures, specifically in Asian and in Jewish, of creating financial stability through unity, particularly through the programs in cash gifting. Even as Western culture thrives on the traditional notions of self-accomplishment, personal merit and self-determination, still, other cultures find their virtue in the fruits of community bonding.
Some of the confusion in Western culture relates to an impression that cash gifting somehow represents a less than legitimate match for traditional enterprise, and, therefore, is somehow robbing mindshare, and, of course, redirecting assets which might be applied to commercial activity and replacing it with that which is much less deserving of formal acceptance. The combination of a lack of understanding, and the fear of competition, is, therefore, falsely judged as a threat by those who would choose not to appreciate, or even to judge objectively.
This objection is from a paradigm of ‘scarcity’, or one of resource limitations. It suggests that cash gifting is composed only of recipients, while dismissing the ‘products’ of the resulting output of those who recycle their receipts into a plethora of other activities. It was the late Jim Rohn who once said that if you feel that your cup is already full, you can only give it the capacity to carry more by first emptying some from the cup first. You might eventually receive more in return than that which you remove, if you will only allow it to happen.
Legally, the annual limitations placed on cash gifting maintain a well-supervised control of activity. Why would there be legally defined limits on gifting if gifting were not legal? This is certainly not to say that gifting in any form is fair and proper. A saying exists in the financial markets – “Pigs get fat, hogs get slaughtered.” Gifting through cash is illegal when it violates the rules. The notorious Bernard Madoff used legitimate instruments, called financial derivatives, or options, in an twisted exercise of structural deception to defraud others of over $50 billion for his own good. Far too many others, however, create a living by following the rules that Madoff ignored, as they use those same instruments routinely. Personally, I use the same tools to create double digit returns in days, but, of course, only with a small portion of my portfolio, due to the risks involved. This is done by my knowing the rules and the risks, and by my following signals of a technical, legal, and, of course, an emotional nature. Comparatively, there exists a healthy level of gifting activity that provides advantages to those who honestly participate, without a threat of any kind to other dissimilar, more traditional activities.
It’s my long-term plan to disperse my excess resources by ‘gifting’ to as many of a rightful group and/or individual recipients of my contributions as possible, to be used as they please. It is a well-known fact that resource limitations exist in abundance, in private, public and non-profit areas and locations.
By opening up as many approaches to accumulating assets as possible, I will maintain an advantage over those who are determined to live within their own self-imposed constraints, particularly limits that do not exist elsewhere, exceeding those of long-standing cultural or legal traditions

