Oh waoh! This already feels like a reality with the urge that I have around me, knowing that $1000 is such big amount of money 💰 thinking about it. But with present happenings of how inflation has made the value of my country’s currency 💴 so devalued, I now see $1000 in another value.
These days are no more the days we don’t know what to do with money due to how our needs are numerous so we must already have many pending things to spend money on. But thinking about it, $1000 dollar 💵 is such a big amount money that can not just be used for ordinary needs because they have been pending.
Therefore, if am opportune to receive $1000 either through lottery, gift, voucher or bounties, my mind will immediately go to investment because this is one big amount of money that can be invested in a whole. First I will think and analyze what kind of investment should I channel this money to? I will think of buying a land in the remote area where development is just coming up gradually. So if I can get a piece of land for $1000 which is just about =N= 1,450,000.00 in my currency 💷 if converted. This might not even buy me a piece of land unless in a village where development might take years.
Next, I will think of investing the $1,000 in a business that has a high rate of turnover which I see as transportation business. Transportation business is one business that has a high rate of turnover in my country right now especially in the cities 🌆 due to over population. The $1,000 can be able to purchase a brand new tricycle 🚵 that carries about four (4) passengers at a go. But the problem here is that I might not want to drive it myself because of the job I do now. The next option I have is to employ someone who I have to negotiate with to handle it, who I will be paying. This also might not work because they all want to have tricycle 🚵 of their own to make all the money for themselves. In fact anyone who will accept to ride and deliver the money to you will only be lying to you. The person will end up damaging the tricycle because its not theirs.
However, my best bet on what to do with my $1,000 dollar 💵 is to fix it in Treasury Bill 💵. My interest has continued to grow in investing in Treasury Bill because its one means of investment where you money yields more money 💰 for you depending on the interest rate the bank 🏦 is offering. Its a means you fix and grow your money 💰 until you are ready to purchase that land in a good location, so that you can make good profit on the land. Treasury Bill can also help you grow your money to buy a house 🏡 in years to come if you do not touch the capital money and the interest it is bringing.
The only problem with Treasury Bill 💸 is that you must have other means of income, like 8:00 - 5:00, business outlets, service providing because through this channel, you will be sustaining yourself while building up the money in the Treasury Bill for bigger opportunities.
Inflation has made many business not worthwhile again. People are struggling with the businesses they set up due to how there is no cash flow in the country. Many people are living from hand to mouth which has continued to slow down the economy, so one has to be careful when investing sum big of money. The worst being that property owners are taking all the money the shop, outlet and store owners are making. So having your own property for business establishment is the best which one has to work towards through time to achieve. Recent Inflation issues is causing the world 🌎 lots of problems.
This is my entry into the #indiaunited contest for this week. Join #here.
🧡Sourced images are credited
