The opportunity of having $1m dollars at hand is a life changer because I believe this would be able to change things around for good likewise making an individual to be financially stable without been broke depending how wisely the money is utilized.
But then there is a problem that might not really look like a problem because the opportunity given to spend the money is three days without having a penny at hand. One million dollars is a huge amount of money to own in this regime that we are presently especially in my country Nigeria where inflation have taken over the place in goods and products.
The money when converted to my local currency is seven hundred and ten million naira, wow that's a large sum of money to invest in business. Since the number of days needed to spend the money is three days then I will have to utilize the money wisely to spend.
The first move I will take is to engage in transportation business that travels inter-state and with this move I will have to buy ten hummer buses for the business.
The choice of bus I would go for sells for around 15 million naira which is approximately around $20 thousand dollars and with the purchase of 10 buses that would round up around 150 million naira which is approximately around $200 thousand dollars.
Then I will invest in oil and gas business with another $200 thousand dollars which is 150 million naira in Nigeria currency. Then i would be left with $600 million dollars which I still need to spend within the three days given.
The opportunity to have this kind of money needs to touch the lives of people as well which is also a way of giving back to put smiles on people's face especially the needy. First I will have build a big training centre where people can come and learn skills of their choice without paying and with that I will take care of the funds and equipment needed to make it function.
The money I will use in funding the project would be 150 million naira which is around $200 thousand dollars to ensure the project stand and I believe this would put smiles on people's face and then give them the opportunity to be boss on their own with the skills and training they would learn and acquire.
I will spend $200 thousand dollars for both myself and my family and the money will be used to buy houses and cars to live comfortably.
Then I would be left with $200 thousand dollars and this will have to be invest in a hotel business which I believe will cover up the whole expense needed to establish it to attract customers to patronize.
This however is my plan to spend the $1 million dollars within three days and this is the arrangements of my to-do list below
My To-Do list
- Transportation business - $200 thousand dollars
- oil and gas business - $200 thousand dollars
- project for skills acquisition - $200 thousand dollars
- personal spending - $200 thousand dollars
- hotel business - $200 thousand dollars
That's my contribution to the campusgistars topic for the week which you can view here if interested and in that process I will like to invite @babstar and @adedayoolumide to be part of this.