What would you do with £10k, £20k, £50k, £100k, £500k?

Langtang

Alistair31 said:

ianthy said:

£10k - Buy a Rolex watch.

Good luck with that

You’d be surprised how “affordable” they can be new. I particularly like hunting down nice examples of used ones (I think the term these days is pre-loved!)

Alistair31

Langtang said:

Alistair31 said:

ianthy said:

£10k - Buy a Rolex watch.

Good luck with that

You’d be surprised how “affordable” they can be new. I particularly like hunting down nice examples of used ones (I think the term these days is pre-loved!)

I was more thinking lack of availability. 

ianthy

Alistair31 said:

ianthy said:

£10k - Buy a Rolex watch.

Good luck with that

Why not? The Rolex Oyster Perpetual is just under £5k. Please can I have one with a yellow face please. 

Unicornucopia

£10k - Contribution to our children's weddings next year
£20k - As above plus topping up the grandchildren's junior ISAs
£50k - As above plus £10K each to our children to clear debts/reduce mortgages
£100k - As above plus solar panels/heat pump for our home
£500k - As above plus invest in a rental property to generate ongoing income and assist in our old age care costs

kimwp

Mine is very boring - use the money to accelerate my financial plan by increasing my pension salary sacrifice to the NI and other limits that apply and using the windfall money to compensate for the drop in income. The aim of the plan is to not need to work so I can have a dog 😃

wmb194

ianthy said:

Alistair31 said:

ianthy said:

£10k - Buy a Rolex watch.

Good luck with that

Why not? The Rolex Oyster Perpetual is just under £5k. Please can I have one with a yellow face please. 

They're unavailable to randoms walking in from the street. On the second hand market they go for way over list price, looks like c.£11k for the yellow dialled 41mm. The 'Tiffany' blue dialled version is even more.

https://www.chrono24.co.uk/search/index.htm?query=Rolex+124300+yellow&dosearch=true&searchexplain=false&watchTypes=U&accessoryTypes=

hiraethh

£10k - Family holiday of a lifetime.
£20k - Invest it in my S&S ISA.
£50k - Use it for house deposit.
£100k - House reno and antique furniture, if anything left over then I’d like to max out premium bonds and buy a new TV.
£500k - Scrap the house deposit and buy my dream house outright.

enthusiasticsaver

£10k Put towards a new car. 
£20k New car and gift to daughters. 
£50k Gift to daughters, Brand new car.
£100k Brand New Car, Gift to daughters and long haul holiday. Invest the rest.
£500k As above. 

Bridlington1

£10k save it for a house deposit
£20k as above
£50k as above
£100k buy a house/flat but depending on inflation it could be as above
£500k buy a house/flat outright with a sea view and put the rest in a pension

[Deleted User]

We are about to buy a house which needs some improvements, so I'll try and give my answers assuming we complete:

• £10k Improve property insulation + heating
• £20k as above
• £50k Camper van
• £100k Invest in Vanguard FTSE All-World and decrease my financial independence (FIRE) timeline
  
• £500k as above
  

I'd try and avoid lifestyle inflation at all costs. Though my wife may find other horse-related ways to spend the money.

I just inherited around 600k, and I'm not using any of that to purchase the house, so I'll probably get to do all of the above. I am extremely fortunate.