Note: This post was supposed to be published yesterday for the Inleo February writing initiative, however, before I finish loading images on the post, my device battery went out. Since, I already have everything ready for the post, I feel I could still publish it for an entry in the writing initiative.
Winning a million dollars is something we only see in a dream, and if that could become a reality, how do one deal with such a huge amount of money? To some people who live in developed countries with all the good things of this life, such an amount may sound little. But, here in Africa, we know how much a dollar worth in exchange for local currencies. undefined A million dollars therefore, is enough to change a lot of lives.
What can I do with a million dollars?
Provision of Amenities for my Village
First of all, poverty has been a long standing issue in Africa, and as an African, winning a million dollars will go a long way to changing many things. I am not poor myself, but I see a lot of people in my community struggling to make ends meet, and we don't have any good amenities here, neither good electricity, water supply nor good road network. This will be my top priority in disbursement of the winning money.
50% of the money which is $500, 000, an equivalent to 75 million in my local currency will be allocated to providing amenities for my village. That amount can provide 4 water boreholes in strategic locations in my village, provide solar power electricity for the people, and to power the boreholes, and water taps to supply the water to different locations.
Road network is a vital part of a community, therefore, the remaining 50% would be used for the improvement of the road network linking my village to the government road leading to the city. Additionally, I suggest donating 2% to uplighting the face of the only government primary school in my village, and donating some writing materials to the school pupils.
Personal Allocation and Investment
As a businessman who understands how money works, the 50% balance of the 1 million dollars, will be spread across several investment options. 50% is $500k (75 million in local currency), that's huge enough to get into as many investment options I think best for my interest.
Building Crypto Portfolios
I would love to build a solid crypto portfolio, especially in blue chips coins. Therefore, 50% ( $250k) of the remaining 500k, will be used to buy BTC, ETH, and one other strong crypto, which I intend to hold for a long time and pass over to my son in the future.
For example, $129, 117 for 3 BTC using the current price, $23, 227 for 10 ETH, and $15k for the other crypto, leaving us with a balance of $82, 773.
Increasing Hive and LEO Power
From the $82, 773 remaining 50% will be put into purchasing HIVE for the purpose of increasing my HP. 50% of $82, 773 is $41,387, this can conveniently buy 133, 504.8 HIVE. That's a huge amount of HIVE for HP.
The balance of $41,387 will go to increasing my LEO power and buying other tokens on Hive. From this amount I will be thinking of 500k LEO, which will be around $26,500 at the current price. The remaining $14,887 will go to increasing my Holozing Zing tokens stack.
Real Estate and upgrading my physical business
Real estate is a good investment option, I already own a plot of land, and have started laying the foundation for the building. 50% ($125k) of the balance $250k will be allocated to completing the building and buying more landed property as investment.
My physical business will need a face lift, therefore, $115k will go into upgrading the business, shopping for more goods and expanding the business for more reach.
Personal uplifting and Improvement online working gadgets
Of course winning such a huge amount of money will certainly affect a person's living standard. With the balance of $5k, it's enough to get a decent fairly used car for family use, a desktop computer, internet router, basic furniture, and solar electric system for my online grinding.
In conclusion, I bet it's not an easy thing to win such a huge amount of money and not go the extravagant way like most people do when they win a million lottery. My focus about money has always been to invest wisely and manage my personal finances well. Thus, winning a million dollars will be all investment for me.
Lead image created on Canva. Others are mine taken and edited with my phone