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What would you do if you won a million pounds/dollars ?

aidie

this discussion is the result of a conversion with KikiCat Slight smile

Basically if you won a million quid/ bucks

how would you spend the money on ?

or How would you use it ?

its just fun Slight smile but interesting to see would other people do the same as me ?

Parents

  • A million doesn't go far any more.      Most properties are in the £500k area which only leaves £500k left to live on - and with almost zero interest rates, that's £25k annually for only 20 years.

    A better bet might be buying a couple of flats to rent out for income and then live in a camper van and see the world.

Reply

  • A million doesn't go far any more.      Most properties are in the £500k area which only leaves £500k left to live on - and with almost zero interest rates, that's £25k annually for only 20 years.

    A better bet might be buying a couple of flats to rent out for income and then live in a camper van and see the world.

Children
  • in reply to Plastic

    Well, I could probably get something decent here in the North East for much less so I guess it depends quite heavily on location. 

    Here as well, I could get 3 - 4 small houses to rent out @around £80 - £100k each and bring in a decent stream of passive income, even after paying agents, maintenance and tax.  It might not sit well with my socialist principles, but since my back's against the wall in terms of planning for my family's future, needs must.     

  • in reply to Plastic

    I'm fortunate to live in the countryside. The new bungalow I will move to has a greenhouse; and I could learn to grow vegetables and Spuds. Whenever I was a kid,  we were self-sufficient for milk. Then my father was killed in the Troubles. Now, I'm dependent on the Food Bank. It has made me teachable.

    Yes, zero interest rates are an issue. But it's only the tip of the iceberg. Central Banks, such as the Bank of England and the US Federal Reserve, print money out willy-nilly. That increases the price of goods and services. If things go the way they are, local shops won't survive.

    People talk about Elites and 'The 1%'. (more like 0.03%) However, it's the Middle Class who face the cull. British people have too much Romantic Connotations about their Working Class upbringing. The poor can survive in cities, as they can take Public Transport. The Middle Class need cars, which are taxed and insured too much.