Giblet's debt free journey

killerpeaty

Did you know that lottery winners are far more likely to become bankrupt than to keep their money? In fact there was a man (remember king of the chavs anyone?) who won a jackpot twice and still went broke! It's due to the lack of consumption smoothing that we humans are guilty of.

But there are some examples of maintaining our expanding their winnings, they're just fewer...

I overspend on food, I don't even cook..

I was watching you two (giblet and lilt) talking last night thinking "go to bed you two, stop letting me get distracted from sleep!" :rotfl:

giblet1979

Lol KP - feel free to tell me to 'shut up' at any point. I am a chatterer in real life, as well as online life. It is terrible how we conspire to keep you from your sleep tho again, must do better.....lol

Totally agree that lottery winning wouldn't necessarily be 'all that' although I'd love the chance to try. I'd like to believe that it would be a positive experience i.e. take away stress and worry about making ends meet from me and nearest and dearest and free up time rather than being tied into constant work (although I'd probably stay where I am now, just ask to reduce my hours tbh...)

I didn't realise you didn't do much cooking KP - are you more of a ready meal person then?

Right, time to put the kettle on. Tea and Freddo to watch Bake Off (come on BBC I Player, get your act together....)

Btw...must confess, I haven't done any work; at all (hangs head in shame.....must do MUCH better.....) x

killerpeaty

Who wouldn't like cash? I meant the above as more of an interesting fact rather than a warning, it's a near piece of economics that people will do calculations on what they will win.

I don't cook as I live at home (savings woo!) and I can't pick anything up that is remotely heavy.

Enjoy the bake off, tomorrow will be more productive, I know it

giblet1979

Thanks KP - woo to savings, and I promise to do better, lol.

Bake off is good so far x

in_need_of_direction

I would like to win £750k. I want expanded choices rather than a complete life changing experience

giblet1979

Hi INOD - do you mind me asking if you have a specific plan for that amount (feel free not to answer in case it's private or you just don't want to say).

I don't have a total as such in mind, but would like to pay off close family debts in full (to relieve pressure) and make some home improvements for them that would benefit their difficulties (perhaps extension, some building work to help with wheelchair movement / access to the house and garden). I've also considered looking into running a specialist home for people with dementia - really making it a proper home with skilled staff, plenty of opportunities for activities / involvement, and support for families and carers e.g. facilities to stay with loved ones if needed.

Maybe one day......

Hope everyone is enjoying the sunshine? It's been really nice here 'on and off' today, although people are complaining in the office that it's cold (it's not in my opinion!).

Saw the strangest thing earlier today. Could have been dangerous, but as everything was ok it amused me. As I was heading onto a medium sized roundabout, I saw a bus coming towards me going the wrong way i.e. heading towards me from the left side. I was able to move over and let them past me, but how weird. Lots of people stopping to look at it. Still not sure why, unless the driver was from abroad and was just learning over here? Lucky I wasn't going faster. I'm a very regular driver and haven't seen that before!

In MSE news, today won't be a NSD but it has been a 'no unnecessary spends' day so far (avoided coffee on two occasions). Bread, milk, beer, and possibly bananas will be purchased later, and nothing more unless the offer is VERY good. Going to get weighed (I'll say oops in advance) and must do some of the work I avoided yesterday.

Mince, gravy and tatties for tea as per meal plan (yay me, lol).

Hope everyone else is well and I will catch up later.

Gib x

misstara

giblet1979 wrote: »

I've also considered looking into running a specialist home for people with dementia - really making it a proper home with skilled staff, plenty of opportunities for activities / involvement, and support for families and carers e.g. facilities to stay with loved ones if needed.

Love this idea Having worked in the care sector for quite a while now, I've seen both good and bad homes. It makes me so sad and angry about the way older people are treated, even in homes where the care is good, there is not always time for activities as staff are so busy with the personal care side of things. This is something I could rant on and on about for ever so I will stop myself there and just say this is also something I would like to do one day as you've described above.

:eek: to the bus, that's so scary it could have been a lot worse!

liltdiddylilt

Crikey what a bunch of chatterboxes in here, and no me! How rare

Sorry to keep you from sleep Peaty. I had an idea of the stats on lottery winners ending up going bankrupt. Personally I would just buy houses, for me, my family members, or pay off mortgages, whatever they chose. Same for close friends (including on here friends ) and then set up little funds to help all of us keep on top of the bills. Like those MIC Trust Fund types only not quite to the extent of ferrari's and multi-million pound apartments in central London. I think INOD is right. I want myself, and my nearest and dearest to have a CHOICE. What they choose is up to them. But I would like to make sure it wasn't just splurged ridiculously by anyone.

MissTara. My MIL works in care, and she has seen it all, the good, bad and ugly. The best home she was ever in, was run by the Church for retired nuns and was incredible, for both nuns and staff. Unfortunately they couldn't afford to keep running and had to move them into other homes. Shes had a couple of very bad jobs since then.

Gib I too am a chatterbox. Can you tell? I regularly get told off at work. I am only there 3 days an apparently it is silent as the grave when I am not... :rotfl: who wants to work like that?! I apparently have the skills and brainpower to work and talk whereas most don't. My response would be, then employ better staff... We have gone through over 20 in 5 years since I have been there Sounds like a strange coincidence, but we went through the same amount in the 5 years before I was here so it isn't me! :P and as for the driving the wrong way around an Island, I live where everyone comes off the channel tunnel from Europe. They are all on the wrong side of the road, wrong way around Islands, looking in the wrong direction to cross traffic... frightening as anything but a regular occurrence!!

in_need_of_direction

Hi gib. First off clear the mortgage then loft conversion and other things around the house. There goes 200k. I'd clear the student loans my two have and then give them possibly £100k each to ease the way. There would probably be 20k or so of indulgences and the rest would either be for investment or buy to let. As the youngest of 7, all my siblings are already mortgage free though I've a few nieces I'd be happy to help out plus, as anyone who has visited my thread will know, I have a handbag habit to support. With my increased disposable income I'd do things like sign up for a regular one to one Pilate s session at £40 per hour. I'd also like to make a sizeable contribution to a bursary fund recently set up in memory of someone who was quite an inspiration for my two. Like I say, it's about expanded choices.

giblet1979

Thanks guys - I didn't want to read and run, but must get some sleep. I will reply properly tomorrow.

Sweet dreams all x