Planning My Financial Future: Investing in Fashion and Cryptocurrency contest #152

If you are interested in Ladies of Hive Community Contest #152 click here.

There is no investment that doesn't come with its own risks, and that's what makes it truly an investment. Without risk, there would be no opportunity for growth. However, the ability to manage risk is sole of investment.

Investing always carries a certain level of risk, and so when I find myself in possession of $5,000, i will be delighted as it is not a small amount of money to start a business. i will see it as a potential foundation for my entrepreneurial dreams. Though I'm a government employee, I'm also self-employed, a passionate fashion designer.

I'm not just starting a business as i already have an establishment. I have thought about what to do after retirement, i don't wish to stay in services for 35 years. I wish to work and leave when i still have the power and strength to manage my fashion designer establishment. I was thinking of taking a loan to finance and starting a fashion school. I already have machines, both industrial and manuals.

The 5k will be shared into three, and the lion share of it about 60 per cent will go into my fashion school. This significant portion will go into securing the right space - one that can comfortably accommodate my staff, both industrial and manual sewing machines, and all the necessary furniture and materials to create a thriving learning environment.

15 percentages of the money will go into saving in case of emergencies so as to sustain the fashion establishment.

Then, the remaining 25 percentages will go into cryptocurrency investment. I would prefer to buy Hive, not just because my funds originate from this ecosystem, but because I genuinely believe in the decentralized nature of Hive. No single person controls the market. I believe it is the sole responsibility of everybody.

I believe cryptocurrency is the future. We will see many people adopting cryptocurrencies in the nearest future as having in the bank doesn't really pay in the end. No bank can give 200 percentage increments on one's saving, whereas crypto can do that in a period of six months.

The allocation of funds reflects a balance between my immediate aspirations and long-term vision. With $5,000 as my starting point, I'm planting the seeds not only for a fashion school but also for a diverse portfolio of investments, all while embracing the promise of cryptocurrency and safeguarding my entrepreneurial dreams.