Scam Review
 

Cash Tracking System

Overall Rating: SCAM
Type of Business: Cash Gifting Scam
Skill Level Needed: N/A
Income Potential: N/A
Website: http://www.financialfreedomsites.com
Recommended: No/Scam

Cash Tracking System Scam Review

by David Harris

“Cash Tracking System”, also known as Cash Tracking System to Financial Freedom and found at financialfreedomsites.com, is a cash gifting scheme dressed as a Multi-Level Marketing scam.

When you try to find information about Cash Tracking System’s website it is hidden by proxy so you can’t find their address, phone numbers or owners.

The first few pages have some vague videos full of hype and offer no real description of what is you would be doing to make the large sums of money with Cash Tracking System’s program.

Cash Tracking System claims their system is about sending gifts to one another, but again there are no details of how it works or how much it costs to join.

There are so many complaints registered online that they are too numerous to count, but I will convey the most frequent issues many members have had with Cash Tracking System.

Their traffic is nothing to speak of so Cash Tracking System does not live up to the hype that they throw around on all their video presentations.

Most complain that very few people are interested in Cash Tracking System so they inevitably lose all the money they invested.

The websites people receive are clones so everybody is competing with each other with the same generic duplicate sites.

Cash Tracking System preys on people in financial trouble that are willing to ignore the warnings in their heads. All they need is to hear their pitch that they will save them from ruin.

As an MLM, Cash Tracking System gets members to focus on getting more recruits to their downline, but the compensation model is not described in the main page or the following ones.

The real money making model of Cash Tracking System is actually a cash gifting scheme, but they try to hide it in a multi level marketing system, but it is thinly veiled and the government will see right through it.

Cash Tracking System’s system has four levels, starting at level 1 with $500 on up to level 4 with $3750 configured at 250 + 500 + 1000 + 2000.

To join Cash Tracking System you have to be brought in by invitation only, agreeing to a call by your sponsor who then you send them cash as a gift after you choose the level you’re going into.

After joining they assign you a website that you have to pay a fee of $34.95 monthly with a one time $25 setup fee added.

Cash Tracking System claims the website and system you get will supposedly help you get more members under you, but so far many people who joined have complained that it’s pretty useless.

If by some chance you are able to bring others in you only get paid at the level you joined, so even if your downline starts at a higher level you only get the $250.

However, if you happen to join at level 3 with $1,750 and nobody joins you at that level you will lose all your money.

This is why the government could step in and rule Cash Tracking System illegal one day.

The only product provided is the website, so Cash Tracking System figured they can get away with cash gifting as an mlm business model, but the only people making money are those at the top of the scheme.

Since cash gifting is deemed illegal in several states, I would advise anyone looking to get involved with Cash Tracking System to stay away from it.

There is even a US Code that says anyone who sends money through the mail for cash gifting purposes will fined or imprisoned, so don’t take any chances.

This is not a legitimate way to make money online from home. I have to say that Cash Tracking System is a scam.

Thanks for reading…

– David

 

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Tags

Cash Tracking System   Cash Tracking System to Financial Freedom   Your Financial Freedom   financialfreedomsites.com/mark_r/   cash gifting   cash gifting scam   scam   MLM   Multi-Level Marketing   mlm   make money online from home   ECS Consulting Inc.     

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Of note: I am not a member, but have gone through all the videos of the website that was offered to me (www.2016freedom.com) to learn more, and I have to say I can only give my opinion based on what I already know from understanding other “business systems” (including the one I’m currently using).

The videos at the beginning seem to be thought-provoking & much of it is actually true if you’ve read a few money books by Robert Kiyosaki (as you mentioned). If you understand the cash-flow quadrant & why employees/small business owners rarely get ahead, it’s because they participate in a “broken system”. The rich continue to get richer because they invest, rather than spend. And according to Kiyosaki, when you can turn expenses into investments, you are looking at a real legitimate opportunity & potential for financial freedom. This is probably the only reason why CTS doesn’t jive with me as much: there’s technically no “product”…but in their mind, that’s one of their pros – saying they don’t need people to have a product buy-in mentality. Essentially you pay to be part of the “club”. It’s a membership of like-minded individuals not bogged down with a cynical scam mentality. There’s actually MLM-type businesses that are entirely legit & do very well when the compensation plan is designed around effort, not seniority (like most jobs, I might add, are a pyramid structure for instance). In CTS, there seems to be no real hierarchical structure, though one may exist, but I’m unsure.

With ANY opportunity, one must evaluate the ROI (return on investment). If I invest in this opportunity, I would likely go for the $3500 buy-in and participate in their education platform/system (esp if I wasn’t already participating in one that teaches how to think differently making money). Because if you’re going to do anything, you gotta do it right & do what’s recommended by those who have gone before you. They OBVIOUSLY have a vested interest in your success, because the more you’re successful, the more they are…so understand the value of a mentor. But jobs mentality people would do well to start investing into their mind to start thinking like an entrepreneur. Read a few people skill books & that’ll be a good start. You just can’t assume there’s no risks in life & that you’re entitled to success if you don’t step out on faith & take some risks.

I learned a long time ago, take advice from those who actually have what you want in life, not those just willing to throw tomatoes at your ideas. ANY TIME you step outside of the box & have a dream, someone WILL challenge you. That’s why there’s so few highly successful people in the world: most people can’t hang with the adversity & go against the status quo. I’m evaluating the CTS simply as an additional stream of income. It’s smart to diversify in this economy. Whatever you do, DO NOT place all your eggs in ONE basket.

 

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