If you won £1,000,000 Friday
Discussion
A guy near to me won the Euro Millions "raffle" before Xmas and scouped a cool £1m, he went running to the press bragging how he was going to buy a Gallardo, turn it in to £10m etc. Hes a shady character and has since been nicked for beating up his OH and carrying canabis etc.
Friday there will be 18 further millionaires made so I was chatting with SWMBO about it, shes asked "what would be the very first thing you would buy if you won £1m?" my instant response was "A £70k GTR, £30k X5 & £50k Audi RS6 and then a house for £625k, I would bank the rest and carry on as I was".
This stunned her, she couldn't get her head around the fact that I would spunk 15% of my win on cars and a further 62.5% on a house almost instantly, I went on to explain that I would have everything I wanted without any monthly repayments and my business would keep the remaining £225k ticking over (and hopefully growing) for the rest of our lives (we are 25 & 23). She explained that she thought I was a reckless show off?
Obviously it depends where you live in the country (£1m may not buy a house as above in some parts of the country), your lifestyle , family, time of life, savings, job, earnings, career etc. So if you did win "just" £1m, what would you do with it?
Friday there will be 18 further millionaires made so I was chatting with SWMBO about it, shes asked "what would be the very first thing you would buy if you won £1m?" my instant response was "A £70k GTR, £30k X5 & £50k Audi RS6 and then a house for £625k, I would bank the rest and carry on as I was".
This stunned her, she couldn't get her head around the fact that I would spunk 15% of my win on cars and a further 62.5% on a house almost instantly, I went on to explain that I would have everything I wanted without any monthly repayments and my business would keep the remaining £225k ticking over (and hopefully growing) for the rest of our lives (we are 25 & 23). She explained that she thought I was a reckless show off?
Obviously it depends where you live in the country (£1m may not buy a house as above in some parts of the country), your lifestyle , family, time of life, savings, job, earnings, career etc. So if you did win "just" £1m, what would you do with it?
It would fund our current house move and widen the choice of properties significantly.
Then work becomes a way to fund life rather than a way to fund the mortgage. I wouldn't spank a load on cars immediately as that would depend on the house purchase (garage space, driveway space etc).
Then work becomes a way to fund life rather than a way to fund the mortgage. I wouldn't spank a load on cars immediately as that would depend on the house purchase (garage space, driveway space etc).
£1,000,000 isn't enough to retire on and live off the interest.
It is enough to set you up in a nice family house, and let you do a job you enjoy to keep things ticking over. For this reason I would prefer to see 45 people get £1m than 1 person get £45m in the big roll-overs and so on.
It is also what I'd do. A nice house with a wee bit of land, couple of fresh cars, and then carry on life with a little more financial security than I have now. Sounds good to me.
It is enough to set you up in a nice family house, and let you do a job you enjoy to keep things ticking over. For this reason I would prefer to see 45 people get £1m than 1 person get £45m in the big roll-overs and so on.
It is also what I'd do. A nice house with a wee bit of land, couple of fresh cars, and then carry on life with a little more financial security than I have now. Sounds good to me.
Buy a house outright, nothing massive but somewhere I know would be big enough for when I eventually bother with a Mrs and all this family nonsense. And then treat myself to a couple of cars. More than likely a Nissan GTR and an Exige S. Bank the rest, get a bit of interest every month of what was left on top of my wages. Job done.
Oh and probably have a bit of a piss up to celebrate.
Oh and probably have a bit of a piss up to celebrate.
Come in to work Monday morning, jump on the phones and give one or two of my customers some straightforward advice.
Then leave the office, head round the estate agents, pick up a new pad, making sure it had a decent garage and at least one suitable sound proofed room for guitars & amps.
Next stop, the local vw restorers, pick up a late splitty with a flat six & all the toys. Head off to Europe for a while, then come back & carry on as before after picking up a 205 gti for a nut & bolt ground up.
Then leave the office, head round the estate agents, pick up a new pad, making sure it had a decent garage and at least one suitable sound proofed room for guitars & amps.
Next stop, the local vw restorers, pick up a late splitty with a flat six & all the toys. Head off to Europe for a while, then come back & carry on as before after picking up a 205 gti for a nut & bolt ground up.
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