What is the first thing that comes to your mind when you get to a website that tells you “All you do is count the cash”? You may expect to see a website with the ultimate online money making program. Well, that is the header that you will find on the first page of www.youllretire.com. Read on to find out whether the website delivers on this promise.
What is this website all about?
Www.youllretire.com is a website that offers training on how to use Scott Miller’s People’s Program. This program is based on the cash gifting scheme. This scheme is one that has received many negative opinions from people. But before you brush this website aside, or make an investment in it, it is good to take a deeper look at its products and payment programs.
What is Cash Gifting?
In the most basic terms, a cash gift is exactly as it sounds, a sum of money given as a gift. In more complicated terms, it is the act of giving another entity or private individual funds of real value without previous or future commitment and without any type of coercion. This is not how the free market economy works. The free market works best when both parties have skin the game where goods or services are exchanged for something else of similar value (usually money).
Www.youllretire.com scam signs
One thing that raises suspicion about this website is the fact that it is not clear what the product that the website sells is all about. Secondly, the website does not clearly detail its payment program and a deep investigation reveals that the program appears to be based on a pyramid structure.
The danger in such a scheme is that the people at the top benefit from all the people below them. Meanwhile, these people will have to wait till there are people below them, to start benefiting. The cash gifting from new entrants is used to pay the old ones in which case the funds may run out towards the bottom of the pyramid.
www.youllretire.com has many reasons to be doubted. The lack of clear information on their product, payment program and the different levels of entry is bound to raise suspicion. Cash gifting programs in general are cause for additional due diligence before investing.
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