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What would you do if you had £300MILLION?

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Comments

  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    edited 1 October 2010 at 12:45PM
    Fix my house, and buy a bigger farm!

    I'd also fulfil lottery winning dreams of setting up a specific charity with associated research grants and education grants and support in to (selfishly) areas in which I hold personal interest and which I feel are important for society.

    I don't think I'd buy houses all over the show, though a London house would help as I don't hink DH would quit work but I hope he'd considerably down scale it! I think for me, when I went away from home I'd prefer really, exceptionally good hotels. I would buy though for immediate family, which really would practically give us somewhere to stay in other cities, though I'm sure we'd be going with the hotel option!

    edit: I think spending on quality goods/skills/service and employment are good ways of getting money in the system, and thus I'd do a bit of both.
  • ILW
    ILW Posts: 18,333 Forumite
    Generali wrote: »
    I'd give £200,000,000 to the Bill and Melissa Gates Foundation and pay off my sister's mortgage. The rest I'd use to buy as many different sorts of income generating assets that I could think of.

    If you had 100 million left in the bank, what would the point of income generating assets be? That is unless you plan on getting your jollies from just calculating how much you have earned on a daily basis.
  • Thinking about it the more you have the more money you make, it's like a money tree growing out of control. I'm sure I read somewhere that Paul McCartney makes more money every day than the previous one, simply becasue it keeps mounting up.

    That's another thing about rich people, they seem to get everything for free! Flights in private jets, meals in michelin starred restaurants, hotel stays, shopping in Harrods at Mr Fayed's invitation, free clothes from top designers, free cars to drive, free holidays on luxury yachts in the south of France, free stays in celebrity stars villas in Italy. Life just doesn't seem fair sometimes.

    When you're poor you get nowt!
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    ILW wrote: »
    If you had 100 million left in the bank, what would the point of income generating assets be? That is unless you plan on getting your jollies from just calculating how much you have earned on a daily basis.

    To allow his kids to have the same option??
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • GDB2222
    GDB2222 Posts: 26,476 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    can i have half of your money please?

    Half the excess? Sure!
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,476 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Generali wrote: »
    I'd give £200,000,000 to the Bill and Melissa Gates Foundation and pay off my sister's mortgage. The rest I'd use to buy as many different sorts of income generating assets that I could think of.

    You need say £3m a year income?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,476 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Or does your sister have a £50m mortgage?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • AD9898_2
    AD9898_2 Posts: 527 Forumite
    b*llocks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    mbga9pgf wrote: »
    You would be famous for 5 minutes, get a thank you then you would spend the rest of your life wondering why the hell you gave 290 mill to charity.

    Now I understand you guy's sentiment, I wouldn't give money to any charity, I would start with friends, and the travel the world and decide for myself who would benefit. I don't care what the people think of me after I've given them money, self gratification in that sense is of no interest to me.

    £300 million would buy a lot of 'stuff', that stuff to me is just novelty factor, and not much else. The £10 million I had left is more than enough to live a happy and secure lifestyle.
    Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    If you had 100 million left in the bank, what would the point of income generating assets be? That is unless you plan on getting your jollies from just calculating how much you have earned on a daily basis.

    Because you've got to do something with the money and the safest thing I can think of is diversification across a range of assets. The best assets are those that produce an income.
  • sammyjammy
    sammyjammy Posts: 7,993 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    daisydays wrote: »
    Thinking about it the more you have the more money you make, it's like a money tree growing out of control. I'm sure I read somewhere that Paul McCartney makes more money every day than the previous one, simply becasue it keeps mounting up.

    Yes it's called compound interest, it happens to me too!
    daisydays wrote: »
    That's another thing about rich people, they seem to get everything for free! Flights in private jets, meals in michelin starred restaurants, hotel stays, shopping in Harrods at Mr Fayed's invitation, free clothes from top designers, free cars to drive, free holidays on luxury yachts in the south of France, free stays in celebrity stars villas in Italy. Life just doesn't seem fair sometimes.

    When you're poor you get nowt!

    Money makes money. You'd have to actually pay me to want to go shopping in Harrods! Mr Fayed doesn't own it any more does he?
    "You've been reading SOS when it's just your clock reading 5:05 "
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