Help Others, Have Fun And Enjoy Abundance By Joining A Cash Gifting System
October 29, 2009 by admin · Leave a Comment
Cash gifting isn?t new ? it began the first time someone gave cash to someone else to help that person. Philanthropists have been giving cash and helping others for centuries; now it?s become a way of life for thousands of ordinary people who are enjoying the process of helping others and reaping the benefits of financial abundance themselves.
True, the principle of giving has no expectations of receiving attached to it, but with the advent of the Internet, cash gifting was turned into a cycle of giving and receiving that continues to benefit its participants for years. A cash gifting system is simple. A member joins, sends cash to the person inviting them (or that person?s invitee) and by joining, the participant joins a cycle or receiving line that directs cash gifts to them.
Members receive the cash gifts delivered right to their door and the IRS is okay with cash gifting as long as a person doesn?t receive more than $12,000 from one particular person or source. Gifting levels run the gamut from $150 up to $12,000 and thanks to the Internet, the systems are totally automated with websites, autoresponders and even coaches that do follow-up calls to prospects.
In our sluggish economy, attitudes can turn toward hopelessness or defeat when there never seems to be enough cash flow, and the majority of the population feels like it?s in a survival mode. A cash gifting system shifts the thoughts and attitudes of its members as they are able to help others and experience a funnel of cash flow themselves.
A cash gifting program is not a business, a franchise or a multi level marketing system; it is a community of people who are committed to helping each other and keeping cash flowing and abundant. The concept of “give and you shall receive” has been regenerated with the help of cash gifting systems.
And the program is fun! Imagine getting an envelope filled with cash delivered to your door, not once, but in an ongoing procession. How can even the grumpiest person not get excited about that? And each time cash is sent from a participant to another member, the feeling of helping someone else brings a sense of satisfaction and accomplishment.
As the saying goes, “life is short,” so help others, have fun and experience abundance that opens up a myriad of doors ? simply by giving.
Learning from Lebanon
September 11, 2009 by admin · Leave a Comment
Today’s news is still filled with grim financial statistics from all around the globe. Yet there is one headline that hasn’t gotten much attention: Beirut is Booming!
Yes, that Beirut! When you think of Lebanon, your first thought is probably related to a history of war, civil unrest and political instability. So you might be surprised to learn that the country has not only dodged the global financial crisis, it’s actually thriving in the midst of it.
The country’s past turmoil is directly related to Lebanon’s need to create a conservative economic system—since the next crisis was expected at any moment they had to be prepared for the worst.
We know that hindsight is 20/20 and we admit that the U.S. has not suffered through the same kinds of instability that lead to Lebanon’s conservative economic approach. But since the U.S. banking system seems poised to take its last breath before succumbing to nationalization, let’s imagine there is such a thing as reincarnation for banks. If that were the case, maybe there is something to be learned from Lebanon that banks can apply in their next lifetime.
In 1999 Lebanon’s Central Bank changed the rules to discourage commercial banks from investing in risky overseas investments. It was a way to get local banks to funnel the excess liquidity of the banking sector into their own economy.
As recently as 2007, Lebanon was teetering on the brink of all out civil war. Because it was a risky political environment and because there was growing concern about the global economy, chief banker Riad Salameh made a very fortuitous decision. He barred the banks from investing in anything complicated or that included toxic subprime loans. Risky packages bundled up with debt were strictly off limits.
Basically, the bottom line mandate was this: “Do not invest in products you don’t understand or that are not transparent.” What a concept! It was an order that helped shield Lebanon’s banks from the global financial collapse.
The banks followed orders and scaled back on debt while at least 30% of their assets were held as cash. Salameh even forced weak banks to merge with bigger ones if it appeared that they were heading for trouble. In other words, unlike the U.S. banking system, somebody with vision was manning the helm. While the rest of the world’s banking system slowly unraveled, Lebanon was prepared.
Today their Central bank treasury vaults are chockfull and in 2008 the banks posted $10.5 billion in deposits, a record high and the best year in Lebanon’s financial history. Banks are also enjoying huge profits with average increases of 30 percent from 2007. Profits at Bank of Beirut had a 51 percent over 2007.
A big chunk of these record deposits and profits are a result of the thousands of highly educated young people from Lebanon who have gone to work abroad and are now sending their money home because investing elsewhere has become too risky. With some 12 million Lebanese overseas and only 3.5 million still in the country, deposits from expatriates make up a third of the economy.
But if those overseas workers, wherever they are, get caught up in other unraveling economies with mounting unemployment statistics, maybe those hefty wire transfers home will start to dwindle. We’ll keep our eye on that.
Meanwhile, Lebanon’s Banker Magazine awarded Salameh the 2008 prize of best Central Bank Governor in the Middle East for his excellent financial and monetary performance. Salameh’s trophy case is filling up—he also received the best Central Bank Governor in the World Award in 2006 and, for three consecutive years, received the best Central Bank Governor in the Middle East Award from Euromoney magazine.
That’s pretty impressive, but I don’t plan on holding my breath while waiting for Paulson, or even the head of Citigroup or Bank of America, to receive that kind of recognition.