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Family Planning

By Muhammad Ali


Family Planning is one of those things that can either make you or break you.


Follow along with me and I will explain more about what I mean.


The following is a true story, only the names have been changed to protect the innocence...hehehee



"Hello Muhammad,

My husband and I have been holding Dinar for 3 years.  We have discussed many times and formed a list of recipients that we will gift once the blessed day arrives.  Believe it or not, our list totalled 29 people. We didn't think for a second how this would affect our own personal balance, well that was until we got your CEP.  Once we started entering our Family gifting amounts we realized that if we had pursued with our original plan to help all of our friends and families it would have left us in the gray."


Alright, there were no names to change, but I've always wanted to use that statement in an article.  Luckily my Currency Exchange Planner was able to come to their aid and help them in their planning.


Regardless of what country you reside, we all have someone we want to help after RV, whether it be a charity, our community, friends, families, neighbours, there is someone that is on our mind to help. 


The question sometimes comes to our mind, is helping them by gifting them a certain amount of money the right thing to do.  Are we teaching them to fish or are we giving them a fish, and does that allow them to feed themselves for the day or for a lifetime?  This is a very interesting question.


For the couple above that emailed me, I wonder what would have happened if they did not use my planner and once RV helped all those 29 people.  Those people would have been happy with the extra money, whilst our couple would have been severely handicapped on their bank account.  I always like to play 'what if' scenarios and what if the odds of half of those people blew their gifted money they received within a few months.  We already know that with Sudden Wealth Syndrome 80% of people lose their wealth in a short time frame.  So, I would say the chances are pretty good that at least half will lose the money, and once that happens, again the odds tell me that they will go back to the couple to ask for more money.  So what do you think will happen when the couple says to them, we are sorry but our money is finished too?  Do you think the people who received the gifted money would go back home content, or can you see heated arguments taking place? 


I am not saying that it's not good to give, giving has many merits both in this life and the hereafter, and there is a great joy in giving to others, but what I am telling you is too think carefully on how much you give and to whom you give and how you give it.   So this is the purpose of this article.  I would like to share some ideas that can safe guard your currency investments while at the same time safe guarding your own privacy and security.


There are times in our lives, though, when we do not want recognition for giving. And while public recognition should never be the driving force behind any of our giving, there are times when we do not want any recognition at all.  Possibly it is for safety’s sake, but usually it is because we simply want to bless someone with nothing in return.  A very good way to achieve this is to give anonymously.


Anonymous giving is a high level of charity, because it gives the gift without causing any friction on the other person or organization to feel as if they have to return the favour to you.  You simply bless a person, organization, or cause and then watch them use that money or gift from afar.


One way to give anonymously is to create an alter-ego and even an email address it you plan to give online.  As strange as that sounds, it works.  I've already created mine, his name is Seymour Good.  Those who are subscribers to my website will recognize that name from my weekly newsletters.  Seymour Good was a name that first appeared in the 1983 TV comedy movie 'Found Movie' starting Dick Van Dyke and Sid Caesar.  That was nearly 40 years ago and it has been in my head ever since.  If you haven't got it yet, let me help you, 'Seymour Good' is 'See More Good'.  Nice!  And you are most certainly welcome to use the same name, we certainly need more Seymour Good Foundations out there.  So now you have your alter-ego, now you just have to figure out how to use it to give anonymously. 


Bob Lotich has some pretty good suggestions on how you can give anonymously.  So I will let him share his ideas. 

Now the other thing to take note with gifting to friends and families is the Gift Tax.  For American citizens and for 2020, it's still set to $15,000 USD.  This is something that people may have not factored in their gifting plans.  For example, let's say you gave $100,000 to your Uncle Henry.  Of course he'd be very happy and settle his debts, but come around Tax time he finds out that from the $100k, he is liable for taxes on $85,000.  Wow, that's a bummer something that neither he nor you factored.  So then it turns out your gift to Uncle Henry cost him 30,000 or so in taxes, but now he's already spent the money on clearing his debts and doesn't have the money to cover the taxes.  So what's he going to do?  Yes, most likely come back to see you for help.  So that $100,000 gift may in fact turn out to be $130,000.  So you can imagine if you're gifting a dozen or more of your family members with amounts in excess of $15,000, the tax implications.   This could be another factor in the Sudden Wealth Syndrome that people have over looked. 


It's fine to make your lists and gift amounts, but once RV and you’ve form your Team, which will include a CPA, run thru your gifting list with him/her and get professional advice before you begin the actual gifting.  The last thing you want to do is indirectly create family disputes and arguments based on your initial intention to be generous, all because of Income Tax.  Your CPA might give you suggestions and ways to work around the tax rules.  Remember, the tax laws and rules will be different in every country so you'll need to do your own research and investigations to keep yourself and your family members receiving the gift in the clear.


Always remember, there is more than one way to gift.


Another way to gift someone is to pay directly for medical, dental and tuition expenses. You can pay for tuition, dental and medical expenses of anyone you want. Note that you must make the payments directly to the providers of those services – you can’t just reimburse the person whom you want to benefit.


This chance to pay for medical and dental expenses, often overlooked, can be enormously useful. For example, if someone you know is temporarily out of work and loses health insurance coverage, you could pay the premium for that person, or that person’s family.


You can offer rent-free living. You can let someone live in your house or buy a house and let them occupy it rent-free. 


So these are several options to gift people but I will leave you with one more.  And probably the most viable form of gifting for us Dinarians and that is using eWallets and Crypto transfers.  This form of moving money is not tracked by governments, tax agencies, and it doesn't matter the amount or the age of the recipient.  Of course, it won’t be easy to do it anonymously but the money can be kept out of the system as well as if you want to move money across borders.  Keep posted to my future articles as I will be writing a full article on eWallets and Crypto transfers.


For now, I hope my article has made you think about your gifting of money.  Give, and it shall be given unto you and Charity does not decrease wealth.  God has chosen us to hold currency for His reasons and I am sure one of those reasons would be to help others.  So please do not let taxes or tax exclusions and technicalities interfere with your generosity, but at same token cross your t's and dot your i's. and before you give to others, don’t forget charity begins at home.


And please take a look at my Currency Exchange Planner.  It will help you with your Family and Charity planning.  Enter all of your gift amounts and immediately see how it will affect your bank balance.

Thank you and I wish you all the success in your currency exchange.


Muhammad Ali

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions

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