BANTU
+op MVLI
I was thinking the other day what would be the benefit of starting/joining a hagbad.
The only benefit I can think of is being one of the few to collect early in the process. You put in 1,000 a month with a group of 10 people, if you collect first you receive $10,000 in a month.
If there is no urgent need for that 10,000 you can save 1,000 each month yourself and just wait 10 months.
Would any of you join one? I don't think it's that smart of an idea considering the small payout (a $1,000/person hagbad is unheard of in my experience) and the risk involved (changes in members financial situation)
The only benefit I can think of is being one of the few to collect early in the process. You put in 1,000 a month with a group of 10 people, if you collect first you receive $10,000 in a month.
If there is no urgent need for that 10,000 you can save 1,000 each month yourself and just wait 10 months.
Would any of you join one? I don't think it's that smart of an idea considering the small payout (a $1,000/person hagbad is unheard of in my experience) and the risk involved (changes in members financial situation)