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Help and advice please

6 replies

Meesh1214 · 05/06/2018 22:12

So I am looking into this sou sou money tree for making some extra money. Does anyone have any advice on what they thinknor does anyone use this? I kniw people who have made £800 in like a week which is what i cant stop thinking abiut

OP posts:
Sunseed · 05/06/2018 22:55

But it isn't extra money, is it? You all agree to contribute a fixed amount weekly over a fixed period of time. The danger is that after one or two weeks some stop contributing and the rest of the group is stuffed.

sobersandra · 05/06/2018 22:56

Never heard of it. Sounds like a pyramid scheme?

sobersandra · 05/06/2018 23:51

explanation

Sounds old fashioned and based on old cultural habits that made sense once upon a time.

Lillylollylandy · 06/06/2018 07:32

You don't actually make any money out of it as far as I understand it - you just get back what you've committed to paying in. So say there's 8 of you paying in £100 a week, and you're the person who gets £800 in week 1, you still need to keep paying £100 a week for the rest of the agreed term.

AgentProvocateur · 06/06/2018 07:42

These were very common in Scotland years ago - ménage (pronounced menodge). They were run by one trusted person in a workplace or community. I was in One in my first job.

I’m not sure how it would work outwith a close-knit group of people that are in the same boat, and if it wasn’t organised by someone you have complete trust in.

bimbobaggins · 07/06/2018 18:21

Ha ha agent, I love a ménage.
Definitely wouldn’t be entering into one with perfect I barely knew. They are definitely a trust based scheme.

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