To think winning £110M overnight would solve a lot of problems but bring a whole set of new ones?

You will need to block DMs @Sherararara

It is a nice problem to have but I was thinking about it yesterday because, for once, I bought a ticket. My only concern though was how it would affect my young adult children. Do I set them up so they never have to work or struggle, do I let them still worry about jobs in today’s market? Do I buy them a home or make them save up, while my siblings would get enough money to buy their dream homes and greatly elevate their lifestyles? A condundrum I won’t have as it wasn’t me who won and I rarely do the lottery.

Different life perspectives. Where i live you can’t get a 4 bed house for 500K. And if you somehow did manage to find one, it would be tiny with no garden. I have to watch pennies and we earn 130k and our house is worth £650. It’s got a very small garden and a dozen things broken. Carpet worn to the floorboards can’t afford to replace a broken tap, washing machine almost gone. Sofa not enough to seat everyone in our family (only 3 seats) so people sit on the floor if we all want to watch a film.
So yeah- I think your perception of how much stuff costs is a bit skewed. I can easily see how a luxury lifestyle would cost 2 million per person per year. Easily.

Some people in your life might be jealous. Or expect handouts and get angry about who gets what

if someone in my life acted so badly and so entitled, I'd certainly not be giving them a penny piece. They could throw all the temper tantrums they like, I wouldn't be giving handouts or be forced to do something just to appease them. They can do one.

I don’t think I’d have a problem at all! If that much money bothers someone they could always give some to help charities and other people. Having grown up worrying about every penny to the point it has stayed with me all my life I wouldn’t feel that patient with anyone with that sort of money complaining about it to be honest.

I don't think I'd mind having such a problem! I would use it to sort out my finances, finish off work on my house, and pay for any repairs that my car needs after its MOT next week (or perhaps treat myself to a more grown-up car). My family are used to me having expensive tastes in everything, and as they don't visit very often (we live quite far apart), it would go unnoticed for a while.

I just wouldn't tell anyone, though, which would nip the jealousy problem in the bud!

To me that would be a bit more of an achievement than your idea of making a British train go a bit faster than another country’s train!
FYI the 1938 record is already held by a British Locomotive (Mallard).
The project would also be a large source of employment - particularly for youngsters and to provide an asset for further use.

Love the way I'm critised for posting an entirely theoretical project to spend some entirely theoretical money 😆

I wouldnt tell anybody including my teens.
I would just spend stealthily. Might claim to have a new lucrative working from home job! Or admits to 1million if asked . But I don't know if people would ask.

I wouldn't be going mad anyway. New cars , perhaps better house . Nothing I couldn't explain away.

What a bizarre and narrow way of thinking.
Education isn’t just about getting qualifications and a job. It’s preparations for life, builds independence and critical thinking, willpower, determination, satisfaction, drive for being better and doing better, striving for success and much more.
Tell a child that they never need to work in school or otherwise and you may well end up with an entitled, lazy unmotivated son / daughter who never really has any drive or determination. Or is completely confused in how to feel valued / like they are contributing. Or flit from one thing to the next as they know they don’t have to stick at anything.
BB comes to mind.
Without the ‘climb’ of life many people feel unfulfilled and depressed. Sadly money doesn’t always fix that.

This is why I don't do the lottery. I'm afraid I'll win too much. 3m would be optimum for me, a life without debt and a good lifestyle with a nice house. Any more and it comes with problems.

That said of course I still do the lottery fantasy. I will set up my own charity and be in total control. I have all the specifics worked out

Was this Margaret Loughrey?

I've read lots of the posts and can't figure out how people are saying they wouldn't tell a soul but that they'd help out friends and family. Surely suspicions would be raised if you're suddenly helping out people financially if you've never been able to before? It would be obvious you'd suddenly come into a large windfall...

I think a massive lottery win is a bit like foreign travel: you go all that way, and there you are. You'll be faced with things that make you understand the problems in your life are not solved by money or movement.

The thing is that one day, they will find out that it wasn't down to any hard work, sensible decisions or intelligence - it was down to sheer, blind luck, so any advice they were given is then seen as bullshit and 'We respected you for making sacrifices, but you weren't sacrificing anything, you just dipped into the secret shitload of cash you had laying around'.

1. you don’t tell people
2. you don’t make massive changes to your lifestyle. You’ll still be you.
3. You draw up a plan to give most of it away. Nobody needs that much money.

I really don’t think you’d be doing much budgeting. You’d be generating at least £5 million income a year off the capital.

There gets to a point where you just couldn’t be spending your way through it that easily.

It is a lot of money, but maybe not as much as you think. It’s a finite amount of money, not an income. You couldn’t go through the rest of your life buying whatever you want whenever you want; I think you would still have to budget to some degree. You certainly couldn’t stretch a ‘money no object’ lifestyle to your children or grandchildren. I love the book ‘Just My Luck’ by Adele Parks, it’s about a family who win the lottery and was un-putdownable. I definitely recommend it.

Some people in your life might be jealous. Or expect handouts and get angry about who gets what.

110 million is enough for me to give stacks of money, houses, and cars to everyone in my life, and still be left with more money than I can ever spend.

I don't have kids but the rule would be: You go to school, you apply yourself, you do whatever job you like, and you inherit the money and do whatever you want after I'm gone.

If you don't do those things, the money goes to the donkey sanctuary.

Nope, I'd have no worries at all!

Maybe that's something you could manage by not telling your DD about winning the lottery until she's completed all her studies and grown up. It's your duty as a parent to do what's right for her because youre the adult and get to set the rules.

if I won the lottery hell would freeze over before I said anything, at least not for a significant amount of time, certainly not the day after.

Unfortunately too many people can't keep things to themselves, don't think of the consequences and can't handle knowing someone close to them has come into that amount of money. I'd keep schtum out of kindness not meanness.

For people saying you would pay off friends’ mortgages, would you accept that sort of gift from a friend no matter how much money they had? I would feel uncomfortable accepting that amount of money from a friend. And how do you choose which friends to help and which ones not. You just have to see the hurt some people feel on here if they are not chosen as a bridesmaid or only get an evening invite for a wedding, thinking the bride was their bestie. Can you imagine if you are the only one in the friendship group to not have your mortgage paid off for you!

I'd be ok winning this lol. I live a very solitary life due to illness, I'd only tell my parents and brother. I'd give them all a huge sum of money. I'd love to be able to donate to as many good causes as possible.

We had this conversation the other day, what would you do if you won a shed load of money.

Was a very validating moment. I'd upgrade our car which is currently making some odd noises, put solar panels on the roof and fix all the little DIY niggles, fill the kids ISAs and SIPPS, get my pension pot looking healthier, give a chunk to my parents, pay the mortgage off, get myself a PT and perhaps a cleaner, but otherwise I love our life. Wouldn't want a bigger house, wouldn't want to move, DH would stay in his career path but start consulting rather than working for someone else.

Was a nice feeling that actually we'd only upgrade stuff in our current life rather than changing everything/anything. Once I'd done all that I imagine we'd still have a lot left! Keep a chunk for future uni fees and holidays and then maybe do an At Home With The Braithwaites and start a charity or something 😁

I wouldn't tell people how much I'd won. I'd move to a nicer house but probably nothing hugely ostentatious. I wouldn't want to alienate the people in my life. I've got two adult sons with disabilities who are unlikely ever to be able to support themselves. Knowing that they are financially taken care of would be a huge weight off our minds. With that level of wealth we wouldn't have to worry about them losing their benefits.

If you just shoved the money in a bank account the income would be around £220,000 A MONTH after tax!!!

Hello friend