When i am being given such an amount of money, i will be using that money to do somethings i have planned of doing. These things that i have planned of doing are very important to me and i really have to do them. One million dollar in my country’s currency is quite a huge sum of money. But i wouldn’t want to convert it into my local currency because the usd is the widely and most used currency in the world. Would you believe that some government officials in my country get paid with the usd.
I am the type of person who believes in making money online. Some of the popular and most convincing online ways of making that i can so far say is legit is cryptocurrency trading and Forex trading. Also before i finally invest in them, i will like to take some financial advice first, after which i can then go ahead to invest.
What I will first of all do is to divide the one million dollar into two, that will be 500,000$ each. The first half or the first 500,000$ will be invested online. I use 300,000$ to invest in the Forex market that’s to say i will use that amount for forex trade. I will then use the remaining 200,000$ to buy some cryptocurrencies.
The next 500,000$ will be divided into two. That will be 250,000 each. The first 250,000 will be used to invest in something physical like an estate investment. Which is more trustworthy as compared to the online. Even though the said online investment i talked about are all legit. But they are venerable or likely to be breached or stolen as compared to the physical investment which is the estate investment.
I will then use 100,000 out of the remaining 250,000$ to share it among my relatives and the people close to me for they also need some money. After which i will use 50,000 to give it out for charity that’s for a foster or orphanage home. I will be left with 100,000 as at then. I will use some out of it to help erect some projects in my community. A perfect example of these projects could be bore holes and public toilets. Also i will be using some of the remaining money from the 100,000 to be contributing to whatever fund raising that will be needed either for a religious purpose or anything beneficial.
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If given such money will you continue blogging in the steemit platform? Give reasons why or why not.
The steemit platform as at now has become part of me. It feels good when ever i am out here blogging. The feeling of sharing one’s ideas and suggestions out here is great. So me getting such a huge amount of money will not stop me from blogging here at all. So I will definitely continue to blog on the platform after attaining such a huge amount of money.
The steemit platform is one of the best places one can find him self. Me being financially stable doesn’t not mean i should keep my self from being happy. This is because I find joy whenever i am out here sharing my little ideas and knowledge about various topics. It really interest me a lot. So there wouldn’t be any excuse for me to stop blogging after receiving that money.
Below are some of the reasons i wouldn’t want to stop blogging after receiving such an amount of money.
I wouldn’t want to be left out on the current or latest innovations which is currently on going in the world that’s with regards to cryptocurrencies and technology. Which can be put simply as, i will like to always know what is going on in the crypto world and the world of technology.
There is or are a lot of things i will still need to know after getting that huge sim of money. Some this could be ideas on how to invest that money well, in the crypto world. Not just the crypto world, there are a lot of ways i can invest the money which i might not know but if am still out here on the platform i will eventually get to know some better ways to do that. Which from other steemians or bloggers out here.
Can you invest such amount in steem? Give reason why or why not.
To be very honest here, i wouldn’t want to invest all the one million dollar into steem. This is actually because i will be deviating from the plans and goals I have set for my self. Investing all that amount of money into only steem will be a very risky thing in my idea.
This is because i wouldn’t be left with anything to use if in case after investing all that amount of money into steem and then the coin decides not to perform well for over several years or a good number of time. If that happens, then i will happen to have lost. But if in case it happens that i invest some into steem and the rest into other coins then that will have been better for some of the other coins might rise for me to use the money for something useful.
How do you intend to handle your steemit account that has an asset worth 1 million dollars. (Will you engage in self voting, delegate to upvote or use it to support other steemians like in the case of the SC01 and SC02)
In the case whereby i happen to be holding a million dollar worth of asset on the steemit platform. I wouldn’t want to be handling that alone. This is solely because it might be very risky and difficult for me. It will be risky because i might be targeted by hackers out here and if am not lucky that amount will be taken from me. But if in case i use it to support sco1 and sco2 account it will be better for me and the whole of the steemit platform. I wouldn’t want to be greedy here so i will definitely will like to support the whole of the steemit platform and wouldn’t want to engage in self voting at all. For if i do that then i being greedy here.
In conclusion, having a million dollar is a very huge sum of money that if not taken good care of one can waste all that amount of money within some short period of time. So the best thing to do is to receive some financial advice from people who are experts to guide you on how to handle such an amount of money. Also if it happens that I get to be having such an amount in my steemit account, will be using that amount to help support the sco1 and sco2 account to help grow the steemit platform which i will definitely benefit from it.
Cc; @simonnwigwe
I invite @mewow,@kodua and @asaregabi to participate in this contest.
You have choosed to incest in steem instead you know that its price is getting bearish trends now a days, shows that you have great love and affection towards this platform. I love the way you have explaimed each and everything in very simple wordings.
Overall your presentation was good and fair enough and easy to read. You have done a great job.
Best regards: @tayyab100
Yes i strongly believe that steem will come back stronger