|
What does pay it forward mean and why would "The Plan" members be required to participate in this program?
Once "The Plan" members reach level IV they will receive $1,420.00 in Division I and $225.00 in Division II totaling $1,645.00 in commissions. Level IV is also when "The Plan" members are required to participate in our "paying it forward" program.
Our "paying it forward" program allows children, businesses, groups and organizations the opportunity to benefit financially from "The Plan" without being required to buy or sell memberships. Members of "The Plan" will be required to enter three "paying it forward" recipients ($50.00 each) for a total of $150.00 dollars. This money has already been deducted from your Level IV commission checks. So, all you have to do is provide us with the names of your three (3) recipients, businesses, groups and/or organizations. You can also start your own charity and/or foundation...
This program was created to allow "The Plan" members an opportunity to give their children financial support in helping pay for their college expenses and/or money to help them start their journey into adulthood; extra income stream for your new or existing business; extra money to donate to your favorite foundation or charity.
groups and/or organizations that are recipients of our "paying it forward" program will have their donations sent directly to them from I Got My 3 "Discounted Membership Products and Services" on behalf of the "The Plan" member donating the money to that particular group and/or organization. This must be done in order to assure everyone plays by the same rules and eliminates the possibility of fraud. "The Plan" member will receive weekly statements reflecting how much money they donated to keep for their personal records. This money may be tax deductible.
"The Plan" members that are business owners or would like to be an entrepreneur can use our "paying it forward" program as an extra income stream for their existing business or start-up capital for new business opportunities. Checks will be sent directly from I Got My 3 "Discounted Membership Products and Services" and will be issued to their new or existing businesses name only (no exceptions). Checks will not be issued in "The Plan" member's name. Please keep in mind that business owners will be responsible for all applicable taxes required by law in your city, county, or state.
I Got My 3 "Discounted Membership Products and Services" will issue checks from our "paying it forward" program to business owners every Monday (for those eligible). Statement of earning will also be enclosed with checks to help business owners keep record for their accounting and/or tax purposes. businesses will also receive their W-2 income statements before the end of January of each year.
children that are recipients of our "paying it forward" program must be younger than the age of 18 years old. Since they are considered minors they will not be eligible to accept monies from I Got My 3 "Discounted Membership Products and Services", any of its affiliate programs and/or partners until they are the legal age of 18 years old.
"The Plan" member that enrolls the child into our "paying it forward" program will become the executive of estate for the child and/or children they enroll into our "Paying It Forward" program. However, "The Plan" member will not receive money owed to the child and/or children under our "paying it forward" program. Why is this?
I Got My 3 "Discounted Membership Products and Services" is creating a joint venture with participating banks and/or credit unions willing to pay a reasonable interest rate on money deposited into a special account on the behalf of recipients in our "paying it forward" program. This is not your typical savings or checking account, because money can't be withdrawn from this account until the child becomes 18 years of age. There will be strong and strict guidelines for hardship.
No account will exceed the maximum amount that is insured by the FDIC. This will assure all of our "paying it forward" participant's investments will be safe and secured. Once an enrollee reaches the insured maximum amount on one account, he/she will open another account with another participating bank or credit union.
Now once a child becomes an adult, they will have total access to their account and all their money will be made available to them. More importantly, they will automatically become a member of I Got My 3 "Discounted Membership Products and Services" and enrolled into "The Plan". This allows them to continue receiving commissions from "The Plan" without having to sell any memberships.
In the event of death to an enrolled child of our "paying it forward" program, the money in this special account is transferred to the executive of the estate. This would be "The Plan" member who enrolled that particular child. After the estate is considered settled and all existing funds are transferred to executor, the account will be automatically closed and owed no future compensation.
If you were not fortunate enough to be born to a wealthy family, how many kids of past generations do you think wish this opportunity was available to them? I think the correct answer will be most if not all of them, for sure. But guess what, we have other programs and joint ventures in our pipeline, so that means "The Plan" gets even better...
Just think about the immediate impact this brings to banking institutions in and around your area. Your local participating banks will have access to money on continuous basis to make loans to businesses and their customers funded by "children" year, after year, after year. This is incredible!!!!
If you look at all the benefits offered by our "paying it forward" program you will see how it helps pay for your kid(s) college education; more income for your existing business or start-up capital for that new business opportunity without going in debt; provides extra money to help fund your favorite group and/or organization; pours money into the financial sector while allowing our children the opportunity for financial stability heading into adulthood. Perhaps, now you can see why we are so excited about our "paying it forward" program.
|