As they say money makes the mare go.
Thus if you have money you can make things happen.
So the big question is how do I get that 1 million dollar?
Is it through an investment I already have or is it from another source like a lottery, an airdrop or an unexpected source?
The second kind of money or the unexpected money is that would make me really happy as it would be an additional corpus to play with.
I would divide this into five equal parts.
One part would go towards buying a home so one fifth of this amount of one million should get me a nice home.
This was my initial thought, however I searched hard and found that in case I have to buy a house then I would need the entire amount to buy a house.
Since I have always dreamt of having a house with a piece of land, this money of 1 million takes me closer to my dream of a house buit on land that I own.
Though I find that this culture is changing and people are selling their houses to builders on a contract basis.
The builder breaks these old houses and builds a number of flats or apartments on the land.
The builder would keep one floor for himself, give one floor to the original owner of the house and the rest of the flats or floors would be sold to anyone looking to buy a flat or an apartment.
Most agreements between the owner and the builder are such that the seller also gets a significant cash component along with a flat in the building.
The irony of this culture
Those who live in flats or apartments dream of having their own house with land and those who have the option to live in their own house opt to get it broken and have flats and floors constructed.
The difference flats and apartments
A building with flats would typically have a number of dwelling units built on the same floor.
An apartment complex would usually have one owner per floor.
This has been the generic difference. The flats share some common spaces and staircases with other flats on the same floor.
Apartments usually give more exclusivity to the owner.
Still depending upon the floor on which the apartment is located there may be other apartments above and below your apartment.
The ideal situation
Since this is a hypothetical situation, I can assume that
One fifth or 20% of the one million should get me my dream house.
The next 20% would go towards investment into stocks. I would put
my money into dividend paying stocks so that I can earn enough
returns from my investment to beat inflation and also take care
of my expenses.The third 20% would go toward investment into precious metals like gold.
Out of this 20% half of this amount would go towards physical gold and the remaining would go towards a gold ETF.The fourth 20% : This part of the money would go towards investing into crypto. BTC, ETH and SOL would get some share of the money and I am going to power up hive and LEO.
I would love to be a Leo millionaire so that I could earn endless passive income with curation and spend my time writing my posts and work towards making them SEO friendly so that I can get some Evergreen rewards.
- The fifth 20% of 1 million
I would like to keep this part of the money to travel and go see the world.
Since I would already be earning from my Leo rewards so that would be me travelling the world and keep creating innovative content.
This way I could live a dream life.
Now my plan is set. All I need is that one million dollars to execute my plan.
This post is made in response to the "February Monthly Prompt Initiative" that can be found here