How do you spend £143 Million?
Discussion
You couldn't. Well, not sensibly. Me and the wife did this 'game'. Just spending on us, the things we’d all like, nice house, car(s), house abroad (opps, already got that), holidays, world sight seeing. We got to £5M, and that's it. Next would be sharing amongst family and friends. Then a charity thing. From then on it's 'expensive' things. Like a mega yacht. Your own island. Personal Jet. Don’t forget, £145M would probably reap £7.5M in interest in a year. So you virtually can’t spend it.
And I like that fact that qiite a few here mention a charity. Good on you guys. I knew PH'ers were like that really..........!! My wife comes from the Philippines, and would open a childrens charity there. Which she'd run, so she knew where the money went. When I was anipper, we had a local Lido Pool. Long gone now, but I'd finance a new one in our local park. And see if I could resore the leisure centre free swim for oldies and kids. And restore that charity which employes disabled people so they feel usefuland can have a life of some sort.
And I like that fact that qiite a few here mention a charity. Good on you guys. I knew PH'ers were like that really..........!! My wife comes from the Philippines, and would open a childrens charity there. Which she'd run, so she knew where the money went. When I was anipper, we had a local Lido Pool. Long gone now, but I'd finance a new one in our local park. And see if I could resore the leisure centre free swim for oldies and kids. And restore that charity which employes disabled people so they feel usefuland can have a life of some sort.
Edited by robinessex on Sunday 19th October 17:36
Edited by robinessex on Sunday 19th October 17:39
robinessex said:
You couldn't. Well, not sensibly. Me and the wife did this 'game'. Just spending on us, the things we’d all like, nice house, car(s), house abroad (opps, already got that), holidays, world sight seeing. We got to £5M, and that's it. Next would be sharing amongst family and friends. Then a charity thing. From then on it's 'expensive' things. Like a mega yacht. Your own island. Personal Jet. Don’t forget, £145M would probably reap £7.5M in interest in a year. So you virtually can’t spend it.
And I like that fact that qiite a few here mention a charity. Good on you guys. I knew PH'ers were like that really..........!! My wife comes from the Philippines, and would open a childrens charity there. Which she'd run, so she knew where the money went. When I was anipper, we had a local Lido Pool. Long gone now, but I'd finance a new one in our local park. And see if I could resore the leisure centre free swim for oldies and kids. And restore that charity which employes disabled people so they feel usefuland can have a life of some sort.
Same here, discussing this with the other half last night (she's from the Philippines originally too). Difficult to get your head round the fact that the interest you'd earn on your interest would be over £1000 a day.And I like that fact that qiite a few here mention a charity. Good on you guys. I knew PH'ers were like that really..........!! My wife comes from the Philippines, and would open a childrens charity there. Which she'd run, so she knew where the money went. When I was anipper, we had a local Lido Pool. Long gone now, but I'd finance a new one in our local park. And see if I could resore the leisure centre free swim for oldies and kids. And restore that charity which employes disabled people so they feel usefuland can have a life of some sort.
Edited by robinessex on Sunday 19th October 17:36
Edited by robinessex on Sunday 19th October 17:39
If my numbers came in I'd like to imagine nobody would be any the wiser. A modest move up the property ladder to a quiet village not too far away. I'd buy a small business which "would be doing well" to answer some of the questions regarding the extra car or holiday.
An Aston Martin Vantage isn't ridiculously expensive - so a new one on private plates wouldn't raise too many eyebrows.
Being able to spend the time at home with my family would be satisfaction enough. I wouldn't need to spend the whole £143m, I'd be happy just to have no financial worries and the ability to set up a trust fund for future generations.
The occasional holiday in the Bahamas wouldn't hurt though.
I can dream.
An Aston Martin Vantage isn't ridiculously expensive - so a new one on private plates wouldn't raise too many eyebrows.
Being able to spend the time at home with my family would be satisfaction enough. I wouldn't need to spend the whole £143m, I'd be happy just to have no financial worries and the ability to set up a trust fund for future generations.
The occasional holiday in the Bahamas wouldn't hurt though.
I can dream.
Similar thoughts here
Sort out the family so they can live job free for life in nice houses. If they choose to keep working they can find schools/ cars or whatever.
Big estate with suitably large house and barns for car tinkering or storage
Range Rover each for everyday, selection of super cars and a two post lift to build my own kit (long held dream)
Couple of holiday pads, one in the states and one in the algarve
Learn to fly And have a chopper on the estate
Spend rest of life relaxing and enjoying life with the wife and nipper. Spanner the cars when he's at school
Happy days
Sort out the family so they can live job free for life in nice houses. If they choose to keep working they can find schools/ cars or whatever.
Big estate with suitably large house and barns for car tinkering or storage
Range Rover each for everyday, selection of super cars and a two post lift to build my own kit (long held dream)
Couple of holiday pads, one in the states and one in the algarve
Learn to fly And have a chopper on the estate
Spend rest of life relaxing and enjoying life with the wife and nipper. Spanner the cars when he's at school
Happy days
Spend £43 million on a couple of decent houses (one in the UK & one somewhere hot), a few decent cars, a boat & I'd see my family were well taken care of.
The other £100 million, or whatever was left, would sit in the bank.
Also I would give the owners of the Lancaster bomber Just Jane as much as they needed to get her airborne again. All I would want in return would be a seat on JJ when she took to the skies again.
As for the rest. I would spend it, or al least some of it, at my leisure & I would enjoy myself until the final day!
The other £100 million, or whatever was left, would sit in the bank.
Also I would give the owners of the Lancaster bomber Just Jane as much as they needed to get her airborne again. All I would want in return would be a seat on JJ when she took to the skies again.
As for the rest. I would spend it, or al least some of it, at my leisure & I would enjoy myself until the final day!
I think a few hundred grand is probably better for most people, like getting a power up in the game of life, rather than the cheat mode.
As long as I can buy stuff now and again I am not all that fussed, think half of the enjoyment of life is anticipation, novelty and then eventually, nostalgia, I think being able to buy everything on a whim is possibly quite unsatisfying, better than never having any hope of getting nice things but I think somewhere in-between is better.
People buy out of the way houses with gyms, saunas, pools etc, and then realise they are a bit lonely, I think when you have that much money you feel like you are instanly guaranteed happiness, doesn't work like that, a lot of life is about simple pleasures. Sometimes we need a bit of routine and a purpose, if we potentially live 80 or so years, having every day off and buying stuff would soon get old, its easy to end up not fitting in to that moneyed set, at the same time ending up alienated from where you came from.
Like the OP I would be worried about that much money being around, for me, a couple of million would do me, buy a few nice things that I could pass off as business as usual, few nice holidays, indulge a few more hobbies, set the kids up with property, no worries about money in retirement.
As long as I can buy stuff now and again I am not all that fussed, think half of the enjoyment of life is anticipation, novelty and then eventually, nostalgia, I think being able to buy everything on a whim is possibly quite unsatisfying, better than never having any hope of getting nice things but I think somewhere in-between is better.
People buy out of the way houses with gyms, saunas, pools etc, and then realise they are a bit lonely, I think when you have that much money you feel like you are instanly guaranteed happiness, doesn't work like that, a lot of life is about simple pleasures. Sometimes we need a bit of routine and a purpose, if we potentially live 80 or so years, having every day off and buying stuff would soon get old, its easy to end up not fitting in to that moneyed set, at the same time ending up alienated from where you came from.
Like the OP I would be worried about that much money being around, for me, a couple of million would do me, buy a few nice things that I could pass off as business as usual, few nice holidays, indulge a few more hobbies, set the kids up with property, no worries about money in retirement.
I would just go absolutely wild and be dead within a week. No joking aside I would get myself a massive shooting estate, a nice LWB supercharged Range Rover and the same Jag XJ. I would also like one of those stealth yachts that clakson had on top gear years ago and a Riva
I would have some nice classic cars a Villa in the south of France and a paddock full of horses for my kids. The charity side of things I would not give a penny to charity instead I would contact my chosen charities, local hospital, childrens home etc and ask them what they needed and then I would buy it. That way the money would go where it should and not be skimmed. Finally as I am the Scout leader I would build the biggest and best scout headquarters in the country and kit it out.
I would have some nice classic cars a Villa in the south of France and a paddock full of horses for my kids. The charity side of things I would not give a penny to charity instead I would contact my chosen charities, local hospital, childrens home etc and ask them what they needed and then I would buy it. That way the money would go where it should and not be skimmed. Finally as I am the Scout leader I would build the biggest and best scout headquarters in the country and kit it out.
J4CKO said:
I think a few hundred grand is probably better for most people, like getting a power up in the game of life, rather than the cheat mode.
As long as I can buy stuff now and again I am not all that fussed, think half of the enjoyment of life is anticipation, novelty and then eventually, nostalgia, I think being able to buy everything on a whim is possibly quite unsatisfying, better than never having any hope of getting nice things but I think somewhere in-between is better.
People buy out of the way houses with gyms, saunas, pools etc, and then realise they are a bit lonely, I think when you have that much money you feel like you are instanly guaranteed happiness, doesn't work like that, a lot of life is about simple pleasures. Sometimes we need a bit of routine and a purpose, if we potentially live 80 or so years, having every day off and buying stuff would soon get old, its easy to end up not fitting in to that moneyed set, at the same time ending up alienated from where you came from.
Like the OP I would be worried about that much money being around, for me, a couple of million would do me, buy a few nice things that I could pass off as business as usual, few nice holidays, indulge a few more hobbies, set the kids up with property, no worries about money in retirement.
Not for me. I would like to use most of it for good causes. Obviously get a few properties for income and nicer place/cars for myself first.As long as I can buy stuff now and again I am not all that fussed, think half of the enjoyment of life is anticipation, novelty and then eventually, nostalgia, I think being able to buy everything on a whim is possibly quite unsatisfying, better than never having any hope of getting nice things but I think somewhere in-between is better.
People buy out of the way houses with gyms, saunas, pools etc, and then realise they are a bit lonely, I think when you have that much money you feel like you are instanly guaranteed happiness, doesn't work like that, a lot of life is about simple pleasures. Sometimes we need a bit of routine and a purpose, if we potentially live 80 or so years, having every day off and buying stuff would soon get old, its easy to end up not fitting in to that moneyed set, at the same time ending up alienated from where you came from.
Like the OP I would be worried about that much money being around, for me, a couple of million would do me, buy a few nice things that I could pass off as business as usual, few nice holidays, indulge a few more hobbies, set the kids up with property, no worries about money in retirement.
I have always wondered what cars I would buy and came to conclusion that if I just went straight for something like a P1 it would ruin it for myself forever.
Better to start with a nicely specced 911, and then slowly upgrade/move sideways every 6 months or so.
The kids need to be shielded from the effects of the wealth but people with money have done this before and not raised monsters so I don't envisage a problem there if you are careful.
Wealth is freedom at the end of the day and I think it is probably easier to handle when you are older and a little bit wiser. I like the idea of making a quick phone call and getting first class flights, hotels and executive box tickets to a major sporting event. 'Fancy champions league final in Rome this weekend dear?'. Oh go on then!
Better to start with a nicely specced 911, and then slowly upgrade/move sideways every 6 months or so.
The kids need to be shielded from the effects of the wealth but people with money have done this before and not raised monsters so I don't envisage a problem there if you are careful.
Wealth is freedom at the end of the day and I think it is probably easier to handle when you are older and a little bit wiser. I like the idea of making a quick phone call and getting first class flights, hotels and executive box tickets to a major sporting event. 'Fancy champions league final in Rome this weekend dear?'. Oh go on then!
As pretty much everyone else has said, you'd make your family comfortable. Ideally, I'd like my own family and friends complex. So buy a 50 acre plot of land, cordon it all off, and build houses on it for family and friends. Build your own community and all.
Would probably start a company to try and look after the money as well as not getting bored for the rest of my life doing nothing. That would probably be investing about £50 million in property and renting it out. Then I would have something more than just hard cash to pass down the family. If that was on an average of an 8% yield, that would bring in a cool 4 million pre tax profit a year.
Another £50 million in the bank just in case. Not sure what in case £50 million would ever be needed for, but just nice to have and try not to touch.
Would probably start a company to try and look after the money as well as not getting bored for the rest of my life doing nothing. That would probably be investing about £50 million in property and renting it out. Then I would have something more than just hard cash to pass down the family. If that was on an average of an 8% yield, that would bring in a cool 4 million pre tax profit a year.
Another £50 million in the bank just in case. Not sure what in case £50 million would ever be needed for, but just nice to have and try not to touch.
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