On Sunday, December 14, 2008 on 60 Minutes, one of the segments talked about a Second Mortgage Disaster on the Horizon. In the executive suites of Wall Street and Washington, D.C., they are beginning to hear about a new wave of mortgages with strange names such as "Alt-A" and "option ARM" that are soon to become all too familiar.
Whitney Tilson is an investment fund manager who has made such a name for himself recently that investors, who manage about $10 billion, gathered to hear him last week. Tilson saw, a year ago, that sub-prime mortgages were just the start. In 2007, Tilson teamed up with Amherst Securities, an investment firm that specializes in mortgages. Amherst had done some financial detective work, analyzing the millions of mortgages that were bundled into those mortgage-backed securities that Wall Street was peddling. It found that the sub-primes, loans to the least credit-worthy borrowers, were defaulting. But Amherst also ran the numbers on what were supposed to be higher quality mortgages. In so doing, Tilson states that "what they realized is that things are going to get much worse."
The trouble now is that the insanity doesn't end with sub-prime mortgages. There are two other kinds of exotic mortgages that became popular, called "Alt-A" and "option ARM." The option ARMs, in particular, lured borrowers in with low initial interest rates - so-called teaser rates - sometimes as low as one percent. But after two, three or five years those rates "reset". The rates go up and so do the monthly mortgage payments. A mortgage of $800 dollars a month could easily jump to $1,500.
Now the Alt-A and option ARM loans made back in the heyday are starting to reset, causing mortgage payments to go up and homeowners to default. In the next four years, eight million American families are expected to lose their homes.
Don't let this happen to you! There is help out there if you are willing to take some time to further investigate the options that are available to help you generate income to help pay your current mortgage payments, as well as, any Alt-A or option ARM mortgages that will reset in the near future. Be proactive.
The purpose of this report is to give you a no nonsense approach to learning the truth and facts about Cash Gifting programs. Each of the program overviews listed below provides a description of some of the features that each program brings to the table. We hope that this information will be helpful for you, in the event that you choose to further pursue investigating these opportunities, or, decide to join one of these programs in the future.
#6 - Number One Success System - NOSS (Currently TLC2003)
NOSS is a 1-UP style gifting program and has been around for over 7 years. NOSS appeals to many people because it has 3 levels of participation: $500, $1,500 and $3,500. Leaders within the program also conduct several live overview calls each week as well as a daily training call which is primarily motivational. It's professionally administered using a 3rd party tracking software system that keeps track of referrals and gifts received, etc. The tracking software runs about $120 per year.
With the lowest entry level being only $500, it's accessible to the masses. The weekly conference calls to invite prospects to is well scripted and professional. Their system is simple and simple to follow for duplication. Cash gifts are delivered to participants via FedEx, UPS or DHL.
NOSS has mass appeal for people that don't mind cold-calling and doing heavy phone work (which is a very small minority), but most participants don't find this stuff out until AFTER they join and realize what they're going to have to do to be successful with the program. In an age where the internet can automate so much of the explanation process, it makes no sense that they don't offer an internet based system for their members.
#5 - Spirit of Wealth (SOW Today)
SOW is very similar in many ways to NOSS and was supposedly founded by a group of former NOSS members that broke off to start their own program because they wanted more freedom in the way they could market the program online. Like NOSS, it also appeals to many people because it has 3 levels of participation: $500, $1,500 and $3,500.
It's administered using a 3rd party tracking software system that keeps track of referrals and gifts received, etc. The tracking software is $129 per year. Many teams within SOW use automated internet-based systems like websites, videos, streaming audio, etc.
With the lowest entry level being only $500, it's accessible to the masses. Most members use replicated websites that incorporate recorded overviews so no personal explaining is necessary and this in turn keeps the follow up minimal. Cash gifts are delivered to participants via FedEx, UPS or DHL. The program converts well for all members that apply themselves and consistently advertise.
SOW has taken some of the negatives from other programs and uses the rest of the positives like the internet systems, direct mail, etc.
#4 - The Overnight Cash System (TOCS)
As an internet-based cash gifting activity, TOCS has been around with its new structure since January of 2008. It uses a 1-Up style structure and there are 5 levels or tiers, $500, $1,000, $2,500, $5,000, and $10,000. Interested prospects visit the website to read all about the program, listen to the audio recordings, read the testimonies, watch the movies, then they can call in toll-free or submit a Callback Request and get all their questions answered by team leaders.
In other words, members never need to speak to any prospects or answer any questions. There are additional fees required to become a member. These fees are determined by which level you choose to get started with and range from $200 to $1,000. There is also a monthly fee of $29.95 for the hosting of the replicated websites as well as access to all the marketing tools. They give a discount if you purchase a one year subscription up front. Just to be clear, the fees mentioned are in addition to the initial cash gift that's sent to the sponsor.
TOCS Team Leaders answer your prospects questions for you, so it can be almost completely hands-off on the members' part. This really appeals to people that either have a fear of the phone or just want to be more anonymous and fly under the radar.
TOCS has a good concept by having team leaders answer questions for you; however, having someone else in control of your potential members is NEVER a good idea in ANY program. Also, the conversion ratio of people who visit the site versus the number of people who actually join needs to be improved dramatically.
#3 - Cash Arrive 365
Cash Arrives 365 is a 1-UP gifting program and has been around for about 7 years. CA365 also appeals to many people because it has 3 levels of participation: $500, $1,500 and $3,500. It's administered using a 3rd party tracking software system that keeps track of referrals and gifts received. The tracking software runs about $120 per year.
This is a pretty similar program as to NOSS without the cold calling approach to prospecting. Cash gifts are delivered to participants via FedEx, UPS or DHL. This system has a low entry fee of $500 makes this program accessible to many people and the daily calls are conducted by industry leaders.
Other than the 1-Up, if you can find a good team and marketing system, you could have a shot at being successful in this one.
#2 - Gifts for Life (GFL100)
GFL has been created for the Little Guy out there that can't afford the other gifting programs. GFL appeals to many people because it has 4 levels of participation, with the lowest entry level of all at just $100. The other 3 levels are $250, $500, $1,000. It's professionally administered using a 3rd party tracking software system that keeps track of referrals and gifts received, etc. The tracking software is $25 per year.
The GFL system uses one main information website that incorporates recorded overviews and flash videos so no personal explaining is necessary. Cash gifts are also delivered to participants via overnight courier. With the lowest entry fee out there in the cash gifting industry, the program converts very well for all members that apply themselves and consistently advertise.
GFL fills a gap in the industry and provides a solution for many people that can't afford to join some of the higher-end gifting programs online. It has a simple and well organized system in place, but truthfully, with most people joining at $100, members may find themselves doing a lot more work for less.
# 1 - Achieve Abundant Wealth Today
Achieve Abundant Wealth Today is the very first cash gifting activity of its kind and is quickly becoming the most popular choice for individuals looking to rapidly change their financial status for the better and truly live an abundant lifestyle.
According to the Universal Law of giving and receiving, the first ingredient is giving and the second ingredient is receiving. Achieve Abundant Wealth Today thrives on the actual meaning of the Law, once you give; you are in a position to receive that very moment. Unlike most other cash gifting programs (1-Up) where you have a third ingredient of give again before you receive by having a qualifying step or a qualifier.
Unlike the 1-Up programs, the Achieve Abundant Wealth Today program is a No 1-Up program so you never have to qualify by passing 1 up, and you're instantly ready to receive on all levels that you have selected to participate on during registration. Achieve Abundant Wealth Today has 4 levels of participation, with the lowest entry level being $500. The other 3 levels are $1,000, $2,000, and $4,000. It's professionally administered using a tracking software system that keeps track of referrals and gifts received, etc. The tracking software is $120 per year.
When you join you become a member of a team. The teams are committed to supporting you along the way by giving you the necessary training, resources, tools and coaching to help you succeed. This consists of one-on-one sessions helping you to get started. This is truly people helping people. Cash gifts are delivered to participants via FedEx, UPS or DHL.
The Achieve Abundant Wealth Today program is second to none and that is why it is rated as the #1 Cash Gifting program.
In conclusion, one of the most important things to keep in mind when evaluating a cash gifting activity is whether or not all of the information is presented to you before you join. So, now the ball is in your court. Should you decide to further pursue one of these activities, do your due diligence and investigate the opportunity you are interested in joining to get all of the information up front before you make a mistake.
Find out how taking 10 minutes of your time can show you how to keep from losing your home. Don't sit back and wait to count on the government to bail you out. How many times do you think that they can keep going to the well, before it dries up! All it takes is 10 minutes of your time to investigate further.
2 Corinthians 9:6 says, "Now this I say, he who sows sparingly will also reap sparingly, and he who sows bountifully will also reap bountifully". See how this passage can work for you.
Do you have those 10 minutes now?
