Are businesses legit or not on the cash app wheel?

Are businesses legit or not on the cash app wheel?

In this video I will be explaining if the Cash App Wheel/Bleesed Loom is a scam and how you can copy this business structure to help you and your friends get rich!!

1. Yes, the cash app wheel and the blessed loom are complete scams, more precisely ponzi schemes, but the business model it is based on is not a scam at all. Actually multiple companies have built their fortunes based on this business model.

2. Scammer are getting smarter and it is because of this that the cash app wheel was even started because it isn't a new business model. The cash app wheel used to be called the blessed loom and you can still find tons of videos on Youtube about it beeing a scam. Now scammers have entered the space and are creating fake cash apps and fake wheels to just get people to give them money. After doing this a number of times they simply delete their fake cash app accounts and the people that invested into this business lose their money.

3. How does it work?
- You invest $100 to join the "business"
- Once all the spaces are full the person in the purple gets paid
- Then everyone on the wheel gets put on two new wheels and the cycle begins again

4. Creating a legitimate business.
Even though the cash app wheel and the blessed loom are scams, you can use these same concepts to create a completely legitimate business with your friends. Now this isn't a get rich quick scheme but it is very doable. You and 10 - 15 of your friends invest $10, $20, $50, $100, the amount doesn't really matter, every single money into a pot and overtime this money will grow. Y'all can then use this money to purchase an asset that will pay you more in the long run like a rental property or mutual funds.

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