Back then, I received an invitation to join "paluwagan". It's a Filipino word which may mean "ease up". In this kind of system, a group of people will contribute a certain amount each week (or possibly months) depending on what's being agreed. For example, at the end of the month, the first person will reach the total collected money. Whether who will be the first to receive depends on the agreement as well. It will continue each week (or month) until the last person received his money. Depending on the group, they might start again. There you will feel the slow rotation of when you will get the money again.
I declined any invitation of "paluwagan" for some reasons. First, what if I am the last person to receive, and some members of the group might suffer financially? What if someone will leave from the group without giving anything? Despite the obligation, we cannot really say what will happen. Second, it's better to save money for myself instead of joining "paluwagan". I can even save it on the bank or online financial services such as GCash where you can save money, and get interests.
Third, it's better that I'll invest it on cryptocurrencies. Of course, profit is not guaranteed just like in any investments, but as I learn how to trade or join other programs, I will earn more once I had chosen the right platform. In fact, there are platforms that doesn't even involve investments. Do some research, and you will see how to earn without bringing out money from your pocket.
This was also posted on Peakd