How Will I Spend My $2.48 Million?

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Avatar for Jijisaur
2 years ago
Topics: Financial, Goal, Asset, Planning, Luck, ...

Have you ever thought of having an instant money? Like, one day you just woke up and you are a multi-millionaire? Well, there is this lucky guy from Pangasinan, Philippines who won the lotto worth PHP 125.6 million, roughly USD 2.48 million. He said that the numbers are his lucky picks.

You can check the article here!

https://www.gmanetwork.com/news/balitambayan/balita/812010/nanalo-ng-p125-6m-sa-lotto-6-49-pinalad-sa-lucky-pick-p360-m-ng-lotto-6-58-walang-tumama/story/

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Thank you, dear sponsors!

What if I am on his shoes? What would I feel about being an instant multi-millionaire? In this article, I discuss how will I spend my mutli-million. How I wish I have even a single million haha! I will be dividing then in five categories: Savings, Crypto, Real State, Healthcare, Expenses.

1) Savings (40%)

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This is the first thing that comes into my mind. Life is hard, but harder when you do not have savings. When I have savings I will not be a burden to someone like my family. I want to be financial independent. I want to handle my money.

ALso, this is how we are raised by our parents. In our early age, we should be saving money and be thrifty. Do not but things that you will get over after a week. For example, I do not buy fast fashion clothes because through time, they will not be "in" and the value will depreciate. In my case, I buy clothes that are classic. I like neutral colors over patterns. I can mix and match my clothes, too! It is just your strategy on how you save.

2) Crypto (20%)

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I am putting my won money in to crypto. I will give it 20 percent of it because I believe that the future is heading to crypto. I recently stumbled to this Metaverse because it is the hype nowadays.

In what I understood, Metaverse is a virtual world where in your can buy things using crypto and can be an asset. I can compare Metaverse to the movie Ready, Player One. Also, you can buy your own land virtually. You can do whatever what you want to you land. Crazy, isn't? It is better have an investment on crypto now to be prepared to the future.

3) Real State (20%)

Image from Unsplash

If I won the lotto, I will buy a couple of houses and lots. I want to have my own house for myself and for my future family. The population is getter higher in the Philippines. The rurals are as well getting populated. I would invest to a house to a rural place for my retirement and then I will buy at least five acres of land for me to farm. If ever the land will not be planted, I will let someone to rent it so that I will still have an income.

4) Healthcare (15%)

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I am a health freak. Like, I am so conscious of what I am eating now because I am getting old. I believe that controlling your lifestyle will make you rich. Why? Because healthcare is expensive and I cannot afford spending a lot of money for medicines.

What I do is I work out and eat healthy. Right now, I am investing with vitamins. It cost over $20 but the benefit that I will be getting over time will be worth it. Also, I do not like getting sick because I feel that I cannot do anything. I feel like wasting my time in bed. So, if I won the lotto, 15% of it will go to healthcare stuff. Also, I will include my family on whatever I won especially my parents.

5) Expenses (5%)

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I am only allot 5 percent of my winning money on expenses. This will include my wants like clothings, travel trips, any luxury things that I want. The only luxury that I want is a fast computer. That's it. I am not the person who likes luxury bags like Louis Vuitton and Hermes. I just like a bag that serves its purpose. The trips will be also budgeted. I will not spend money over my budget because I value money so much. The only important thing though is I travel with my loved ones.

Final Thoughts

Hmmm.. what would it feel if I really have that money? I will be so thrilled. Of course, I will share this to my family. For me, a person will be only truly rich if they know how to manage their money. Yes, you have a lot of money but you spend it in a minute. Mismanagement will make you lose it all. Monetary value will not last forever so invest your money as earlier as now. Time is money!

Thank you for reading my article.

Peace- Jijisaur.

Lead image edited on Canva

Opensea/Twitter/Noise.cash: @Jijisaur

You can read my other articles here:

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❤️Pink Vs. Red (My Observation) https://read.cash/@Jijisaur/pink-vs-red-my-observation-722fb9ed

❤️ Yes Or No Questions, Elementals Edition! https://read.cash/@Jijisaur/yes-or-no-questions-elementals-edition-69bf5331

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2 years ago
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Comments

Indeed he's really lucky. We do have the same ways on how to manage our money. I mentioned it also on my a million money article before. They say not to put all the eggs on 1 tray. 😉 but I know I would also give some to my parents and I would also have a franchise business with the million money. I forgot what else I mentioned there but I am sure that we think the same about money.

$ 0.00
2 years ago

Yup, I try to diversify my money too in crypto. So that when one is dumping, I still have the chance in other coins. Putting everything in one basket is risky.

$ 0.00
2 years ago

Yes, that is also what I have learned when I entered the crypto world. 😊

$ 0.00
2 years ago

I have to make sure I'll keep a percentage in giving back to humanity. The rest? Too many to mention hehe.

$ 0.02
2 years ago

Me too see, I'll give back through building jobs and paying them right. People now a days are too lazy and just hoping for the government to help well just 1% of the people. 😊

$ 0.00
2 years ago

That's sweet ♡

$ 0.00
2 years ago

A clever plan on how to spend a million fortune. The lotto winner is luckier if he knows how to invest his winning money.

$ 0.02
2 years ago

Agree! We should be planning our money allocation before we regret it.

$ 0.00
2 years ago

I appreciate that you have a plan how to spend such a chunk of money but, I must say that If you calculate the value of sum of money then you will realise that saving 40percent means 0.982million dollar that is quite close to 1 million dollar and I think such a huge money as a saving is not good in my opinion, investing in real state was 0.496 million approx 0.5 million that is good, and on healthcare still it is too much to invest 0.372 million dollar. Thank you and I beg your pardon if my words are hurtful.

$ 0.02
2 years ago

Thank you for your comment. I truly appreciate when someone really thoroughly read my article. Yes, I want to have big savings because I will be sharing it with my family. We were once poor. Maybe my division of money came also from my experience. 😊

$ 0.00
2 years ago

beautifull))

$ 0.00
2 years ago

I think I have the same plane has our. But for me 30% in crypto

$ 0.02
2 years ago

30 percent is good! Glad that we have the same plan when it comes to money. 😊

$ 0.00
2 years ago