How would you spend it?

calleyw

southernscouser wrote:

Maybe I'd buy myself a little place then! To store my car mats in! :think:

Could save yourself some money and put them in your car :rotfl:


Yours


Calley

Eels100

GREAT question! 10 million is too much though, so here's what I would do with an unspecified but large sum of cash:

#OK, firstly I would phone my boss and tell him in exchange for £100,000 which must be invested in the business, I will only be working part time from now on.
#Then I would pay off all my Mum's debts and make sure she had enough that she could comfortably retire and enjoy herself playing golf with my Dad.
#Then I would pay off my mortgage and OH's debts, and start looking for a nice rural house with outbuildings and a little land.
#Then I would buy a house for OH's Mum to repay the generosity she has shown us, and make sure she had some cash to splash while she's well.
#Then I would buy myself a 3.2 litre v6 Audi A3 Sport for ME, and probably a Mazda estate for taking the dogs out. OH would get his pick, probably something TVRish.
#Other minor beneficiaries would be my siblings (who still need to learn some tough lessons so won't be getting too much in hand), OH's sister (ditto) and probably a few small local charities.
#Then I would invest in some very, very good wine and enjoy a slower pace of life, with time for Sunday papers and room for more dogs.

Edit to add: And I'd pay someone handsomely to do my ironing.

Glitterari

£10 million would be too much for little old me but...

* Emigrate to Canada and buy a huge house with a swimming pool over there.
* Hire a cleaner and gardener for said house.
* Travel the world.
* Pay off my Mum's debts and buy her a house that she likes (outright) so she's secure for life. The house would need huge gardens and lots of space for a good few dogs.
* buy mum a volvo estate...she's always wanted one
* make sure my brother was sorted for life too - however that would be done, he's in sheltered accommodation so it's not like a could just buy him a house and leave him there.
* buy a really swanky expensive place in a really expensive area like central London and let it out to wealthy business men/women who can afford to rent places like that. That way I wouldn't be pricing out FTB's (so bad)
* Oh and I would get married probably abroad and I'd pay for all the friends and family to be there (I'm loving the idea of a Norwegian forest, with reindeer and husky dogs...)
* I'd still work but part time. My spare time would be taken up with shopping and making things, probably to sell and give as gifts.
* Buy a really nice car for myself...don't know what - doesn't have to be flash but just something I like
* pay for OH to have driving lessons, then advanced driving lessons, then buy him a little run around to get confidence and experience in driving, then buy him a brand spanking new TVR tuscan.
* Hire a personal trainer and fit a gym in lovely house in Canada so I can finally be happy with my size and weight.
* Buy wonderful new wardrobe for said new figure.
* Give some to carefully selected charities (mainly animal ones)
* the rest would be carefully invested.


<sighs>

gallygirl

oooohhhh.....

Pay of all mine & family debts mortgages.

Same for friends.

Funds for kids.

Same for 'you lot' - but with provisos - must see proof loans paid off & not squandered on car mats & ice cream!!!

At least 1 mill to charities - probably Shelter. but am not altruistic enough to just give - I'd want to approve a specific scheme I agreed with. Also Crisis at Christmas and Action Aid.

Would also reply to 1 begging letter & 1 Private Eye request for money, chosen at random (but again, not altruistic enough so would need to check genuine).

Take myself off to intensive language school (Italian prob) and not leave till had mastered it. Then buy houses in Italy (Lake Como, and down by Sorrento etc.)

Employ a personal trainer on an unbreakable contract and become [STRIKE]like Kate Moss [/STRIKE]slimmer and fitter.

Oops, forgot to tell my boss to........ (fill in your own blanks) (actually, that's pretty close to what I would tell him ).

Buy BTL properties and run as a business - employ friend as manager when I am out of country (he prob wouldn't accept money).

Give best friend money to set up Nutty Tarts Teashop:p .

Juni_3

For those of you who state that you would invest some and live off the interest you should try working out how much you would actually need.

It's very sobering to realise how much money you need to put aside to live off interest without decreasing the capital.

My daughter started working Tesco's this week and it was a real eye-opener for her to see the amount of money people spend on lottery tickets.

They'd be better off putting it on 100-1 horses. You can play for several lifetimes and never win.

southernscouser

calleyw wrote:

Could save yourself some money and put them in your car :rotfl:


Yours


Calley

I haven't got a car! :rotfl:

MoneyMagnet

Juni wrote:

For those of you who state that you would invest some and live off the interest you should try working out how much you would actually need.

It's very sobering to realise how much money you need to put aside to live off interest without decreasing the capital.
.

I did - £4m invested at just 6% (I'd actually expect a higher return) would give me £240,000 a year. Even with tax taken off that (and with reinvesting some of each year's interest for capital growth), I think that with my new moneysaving habits, I could just about scrape by!

wannabedebtfree_2

I have thought about this question many times, and have virtually most of it spent already!!!

* I would use about £3M to buy houses/pay off mortgages/debts for all of my immediate family, and me!

* I would use another £2M to buy up large properties in Exeter, and a couple in Plymouth, get them set up as charities, get them kitted out as bedsits, get a caretaker in each of them and then walk round handing the keys out to homeless people (I have thought this through VERY VERY carefully, and would have a contract that they don't do drugs or drink excessively, and that once they are on their feet and have a permanent job sorted out and have been in it for say 3-6 months they move out so someone else gets the bedsit - as soon as they get a job they make payments for rent which would be returned to them as a deposit for a private flat when they are ready to go - IF I ever won the lottery this is one thing I feel very strongly about, and would seek lots of advice on how I could make it work)

* I would invest £1M into a trust fund for charities to have the income (inc Devon Air Ambulance)

* I would invest the other £4M in a variety of funds/property/businesses (I'd love to have a craft shop and a tea shop and lots of other little businesses that I could have people run for me but when I was bored of lounging by my pool I could pop into and work for a few hours!!!) to ensure my family never need to worry about money again.

The main thing I want is the ability to never have to worry about a bill coming through the door, and being able to buy something because I want it and not having to worry how I'm going to pay - financial freedom would be bliss.

skylight

£10 million.

Ohhh.....


£45k Pay off debts fast.
£35k Luxury holiday immediately for me and family for thinking time.

£1.5m on a big family home - and living near Windsor/Sunninghill, this is not a great sum!)

£2m buying homes for my family and best friend and letting them out to them a £1 a year rent (best tax avoidance reason I can think of without chatting to my new accountant!)

£1M in trust for the kids education/uni/boarding school (I wish!)

£2m in trust for when the kids get to 21 - split between the 4, Suppose I had better give some to my step daughter too......

£1m split between several charities. Buy some guide dogs, childline, local hospital, redecorate local old-peoples home, new school bus to my old school (it needs one!) etc.

The remaining £2m will be placed in high interest accounts/some in shares etc all spread out and live off the interest.



But in all honesty - I would probably buy myself a big house and a huge diamond necklace.

Mirtos

Oh dear, all this drooling over what ifs, and I STILL haven't managed to actually buy a ticket :doh: