How do you spend £143 Million?

How do you spend £143 Million?

Author
Discussion

robinessex

11,046 posts

180 months

Sunday 19th October 2014
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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.

Edited by robinessex on Sunday 19th October 17:36


Edited by robinessex on Sunday 19th October 17:39

DrDeAtH

3,586 posts

231 months

Sunday 19th October 2014
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Hmmmm... Woud buy meself a Vulcan bomber... And the have it made airworthy...

dfen5

2,397 posts

211 months

Sunday 19th October 2014
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I was thinking about this. I reckon it'd be nice in a way but st in others.

I'd most likely end up in Belgravia, panic room etc., so that's £20m+ gone. Where to park the Phantom? Scottish sporting estate, another £8m plus a Unimog to get around the estate in.






SlackBladder

2,579 posts

202 months

Sunday 19th October 2014
quotequote all
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.

Edited by robinessex on Sunday 19th October 17:36


Edited by robinessex on Sunday 19th October 17:39
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.

Moominho

893 posts

139 months

Sunday 19th October 2014
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If you just invested your money sensibly, with no risk, how much interest would that earn you?

robinessex

11,046 posts

180 months

Sunday 19th October 2014
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I'm not in the financial business, but I suspect £145M should yield 5% per annum. £7.25M per year is fine for me. £20,000/day. Even my wife couldn't spned that!! Any money guys here to add to that?

Edinburger

10,403 posts

167 months

Sunday 19th October 2014
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You wouldn't stick it in a bank to gain interest though.

You'd need a diversified investment portfolio and could hope for 4%-9% returns realistically.

Imagine sticking £143m in a bank, it goes bust and you get back just £85k from the FCCS!!

Pints

18,444 posts

193 months

Sunday 19th October 2014
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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. smile

I can dream.

Mermaid

21,492 posts

170 months

Sunday 19th October 2014
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If you are a very happy fellow right now, the only way is down. wink

jet_noise

5,630 posts

181 months

Sunday 19th October 2014
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Dear n,

me & Mrs Noise played this game with our winnings this Friday.

We found that £3.10 doesn't sustain a long conversation,

regards,
Jet

Getragdogleg

8,736 posts

182 months

Sunday 19th October 2014
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Bigger house, detached, garage, gardens.

Then use the rest to just live life with loads of travel, private jets, exclusive hotels/villas and a few staff to follow us around.

I could do jet set so well, only problem would be if £143 million would last me.

eltax91

9,842 posts

205 months

Sunday 19th October 2014
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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

fatboy69

9,371 posts

186 months

Sunday 19th October 2014
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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!

J4CKO

41,276 posts

199 months

Sunday 19th October 2014
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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.


GALLARDOGUY

8,160 posts

218 months

Sunday 19th October 2014
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I'd go into space.

marmitemania

1,566 posts

141 months

Sunday 19th October 2014
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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.

jakewright

93 posts

114 months

Sunday 19th October 2014
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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.

davepoth

29,395 posts

198 months

Sunday 19th October 2014
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I have visions of becoming the Count of Monte Cristo.

272BHP

4,960 posts

235 months

Sunday 19th October 2014
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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!


Snollygoster

1,538 posts

138 months

Sunday 19th October 2014
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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.