Would you be in the two percent?
Discussion
I probably am in the 2%
My parents don’t need anything and they can’t burn through what they have.
My sister, curious one - my parents bought a house for me after splitting with my ex wife. When I sold it to buy a bigger place my parents didn’t want the money back and said do whatever I want with the cash. So rather than just keep it, I split it and gave half to my sister (who always pleads poverty) - it was about £60k.
She didn’t know this was happening and as a surprise I got the cash out of the bank, enveloped it and called round 2 days before Christmas with it as a total surprise. She was shocked.
It was all gone by the end of January on rubbish - no new car, no paying down the mortgage - just kids toys, electronics, nights out, meals and a ludicrously expensive Maldives holiday that was nearly half the sum.
Therefore I’d definitely not give her a lump sum. I would consider a monthly contribution of X amount but even then I’m not sure.
My parents don’t need anything and they can’t burn through what they have.
My sister, curious one - my parents bought a house for me after splitting with my ex wife. When I sold it to buy a bigger place my parents didn’t want the money back and said do whatever I want with the cash. So rather than just keep it, I split it and gave half to my sister (who always pleads poverty) - it was about £60k.
She didn’t know this was happening and as a surprise I got the cash out of the bank, enveloped it and called round 2 days before Christmas with it as a total surprise. She was shocked.
It was all gone by the end of January on rubbish - no new car, no paying down the mortgage - just kids toys, electronics, nights out, meals and a ludicrously expensive Maldives holiday that was nearly half the sum.
Therefore I’d definitely not give her a lump sum. I would consider a monthly contribution of X amount but even then I’m not sure.
Are we talking a £120m Euromillions win or a £5m lottery won, as paying off everyone's mortgage won't go very far on the latter!
I imagine it is quite difficult drawing the line at which friends and family get how much and who doesn't! Could get nasty and lose friends - does it make you happy? I'm not entirely convinced as you could end up a lot more lonely and isolated in your gated rural mansion! (particularly if you are a tight git!)
I imagine it is quite difficult drawing the line at which friends and family get how much and who doesn't! Could get nasty and lose friends - does it make you happy? I'm not entirely convinced as you could end up a lot more lonely and isolated in your gated rural mansion! (particularly if you are a tight git!)
anonymous said:
[redacted]
They aren’t exaggerated. The profit of the house sale was just over £120k after all deductions etc... They have done previously. They bought her original house for her - the profits of which went into her current place. They have always kept us pretty equal like that, hence my resolution to split the proceeds.
The more I think about it, the less likely I would be to be in the 98%. Her and my BIL both have very decent jobs too. Mind boggling to me and moreso to “outsiders”
I think other than setting my mother up in a nice single level property, which could be done for below £100k round here, I probably wouldn't contribute to anyone else. Not so much out of selfishness, more that most of the people around me have what they want. I'm not sure I'd be too keen on everyone knowing I'd won a heap of money, either.
I'm sure I saw a story many years ago about Lotto millionaire winners.
Those that go public, splash the cash etc etc have an 80% higher chance of going bankrupt or being dead from overdoing it (Liver disease, drugs etc) than the general population in the three years after their win; See drug binman Carrol, Whitehaven fish shop girl and the Hull Lady Taxi Driver. That is around 20% of jackpot winners.
What National Lottery don't say massively in their publicity, is that you don't have to take your winnings as a lump sump. You can turn it into an annual income from an annuity and live on quietly from that. Which quite a lot of their players do, but it doesn't bode well for publicity. This is the other 80% of jackpot winners.
Fair play to my mate though, whom a few months after all details of his divorce were finalised, won £1 million on the Euro and told his ex he was off on a round the world trip to bang a hooker in every capital he stayed in. That was 2007. He is still on his world tour so interest and low living must be doing him well!!! Didn't even buy me a pint after I signed as a witness his divorce papers! Fair play though, each to their g-own-arrears.
Those that go public, splash the cash etc etc have an 80% higher chance of going bankrupt or being dead from overdoing it (Liver disease, drugs etc) than the general population in the three years after their win; See drug binman Carrol, Whitehaven fish shop girl and the Hull Lady Taxi Driver. That is around 20% of jackpot winners.
What National Lottery don't say massively in their publicity, is that you don't have to take your winnings as a lump sump. You can turn it into an annual income from an annuity and live on quietly from that. Which quite a lot of their players do, but it doesn't bode well for publicity. This is the other 80% of jackpot winners.
Fair play to my mate though, whom a few months after all details of his divorce were finalised, won £1 million on the Euro and told his ex he was off on a round the world trip to bang a hooker in every capital he stayed in. That was 2007. He is still on his world tour so interest and low living must be doing him well!!! Didn't even buy me a pint after I signed as a witness his divorce papers! Fair play though, each to their g-own-arrears.
ked or insulted when it comes to money so whatever chance there may have been is now gone. It goes to the donkeys instead. sc0tt said:
Go on then, I do the PH syndicate when it gets over £100m. Why do you feel sorry for me?
Slightly different for irregular players I guess, but the idea people sink money week after week into something with the odds so heavily stacked against them in an attempt to win money makes me feel a bit sad. Every week they’re a loser, some more than once a week. All in the hope of gaining a ‘life changing’ sum, through sheer luck not through determination to actually earn it. It’s no way to live a life.
Sure, some people win, and maybe their lives do change for the better. But I’d bet not as much better as those that become millionaires through genuine success.
bristolbaron said:
I’ve never done the lottery and feel sorry for those that do.
I think it has a fairly unique place. For a couple of quid, it buys people something to daydream about, which can be a big stress reliever in its own way.I'll buy a 4 week random ticket maybe once every year or two if work is getting particularly stressful, then whilst I'm on the commute, I can distract myself with what I'd do if I won the jackpot. Invariably the stress at work is pretty short-lived (joys of an occasional poor quarter usually) so I don't buy another ticket when that one runs out, so it's maybe a tenner a year that helps me feel more relaxed. I'd say that's a bargain.
Sure, I could probably place my tenner on an each-way bet on a favourite at Haydock and win occasionally, but how much can you daydream about the winnings off a 3-1 bet?
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