Hello everyone! I hope that you are doing very well today and that your day went well too. I am thrilled to be here again; thank you to for the initiative.
$1 million showing up in my account? First 10 minutes: I’d lie down, breathe, and check 3 times. Then I’d actually think.😂
I will not touch 70% for three months
A Big money that comes suddenly makes people do sudden things. I’d put most of it in T-bills/a high-yield account so it doesn’t disappear while I’m emotional.
Then this is how I will split it so that I will not have to regret it in the future.
I will use 20%, which is $200k, to
Pay off any debt. Then 12 months' expenses in savings. No stress; money will always help me clear my head.
I'll do a long-term growth of 50%, which is $500k. I will make sure that I save for everything I want to buy for about ten years. This is "future me” money; I will just stay without having to worry about how to get money to the market.
I will just rent properties in solid areas. Rents pay the mortgage; property appreciates.
Then I will also use $100k to invest in improving my skills. I will make sure that I use the money to learn how to write better, and I will also enroll in a music school so as to sharpen my musical skill. I will also invest in books. I will buy books that will help improve human relations, project management, and customer service.
Then I will also give to the church, worship project, and people who need it. Money hits different when it helps others.
I will also enjoy myself too with a part of the money.
The real answer is that I’d invest most of it. $1M spent is gone in 2-3 years, but $1M invested can become $3M+ in 15 years and pay me for the rest of my life.
I believe that money comes and goes; it has its seasons, and if one does not know how to manage, then that person is very close to looking as if he or she has touched money before, so it is very important to make sure that we do not abuse money no matter the amount; we should always know what to do per time.
Source Namaste everyone! We have decided to host a weekly contest aimed at becoming a community with better engagement and having more presence on Hive. These contests will be organised each week to boost
[https://peakd.com/hive-197685/<span data-type=](https://peakd.com/hive-197685/<span data-type=)