If someone gave you £700000 what would you do with it?

[Yellowbowlbanana]

Can't talk about this in real life and it's perfectly possible this won't happen but we are in the running to receive a payout of £700,000 by the end of the year.
I'm trying not to think about it as I don't want to be disappointed but there is also a bit of me that is a little excited. If it comes off the 700k would be the initial pay out followed by a regular annual income afterwards.

It is a life changing amount of money for us in that it will pay off our mortgage, allow us to buy a new car and go on some great holidays.

What would you do if you were given that amount of money?

Boring - buy a new house, a holiday for wheneverthefuck we can all go abroad and maybe a new car

Imagining @BuffySummersReportingforSanity aggressively investing by forcefully throwing money at people while shouting ‘MAKE IT RAIN’

Pay mortgage off and make improvements to our home that more suits our needs as a family and buy the kids a house each to be let out until they are old enough and responsible enough to live in them/sell them to live where they want. My kids are 2 and 3 months and we live in rural Yorkshire, we've really struggled to get on the property ladder and I'd so love them to never have to find themselves in that position.

There's nothing particularly I'd change about my life that money can buy. I suppose I could go part time, but I wouldn't want to stop work.

£700k would buy both DC a starter home here so that might be nice, but TBH I'm not sure it would be good for them to have it come so easily.

The main difference would be knowing that I could retire early if I wanted to, even though atm I don't want to.

Amazing holiday (and invite wider family to it!)

Good amounts to parents and siblings

Pay off a chunk/all my mortgage

Settle debts

Pay off mortgages
Private secondary schools
Paddle board and kayaks plus canoe trailer
Trip to the lego shop
Holiday
Save for the children.

If I were you I would give me some money.

Buy a house. Gifts to family, friends, charity.

I'd choose someone worthy from Mumsnet and transfer the whole lot to them. On a separate note, OP, have I mentioned how lovely you are looking today?

Fibreglass dinosaurs across the whole lawn.

Pay off my mortgage
New car
New kitchen and bathroom
Walk in wardrobe
Put a load in my pension

Give it to my children who have no hope of buying a property.
One of my children was recently gazumped on a rental. Asking rental price was £1750. Someone offered £3000!!!

Pay off my mortgage and buy a camper van and some bit for my hobby. The rest would go in the retirement fund.

And no, it wasn't for just my daughter, it was a flat share for 3 people.

Buy next door and knock through!

Pay off all credit card bills for self and DDs.
Repaint and refinish inside my house (not touched in 15 years).
Send DS to the College he wants to attend instead of the one we could afford.
Buy S-I-L a new truck. He is a decent, hard-working and moral person.
Get a cottage near the beach close to where DS will be in college and move there while he is in college.
Pay for other S-I-L's back surgery. He doesn't have insurance.
If there is any left, a Pomeranian puppy for ME!!

Pay off mortgage, do garden, kitchen bathroom

New car

Flash new steam iron I know how to live! (Seriously was just annoyed today as I want steam generator iron and can't justify the price!/ don't have that spare cash) see also new hoover.

Buy to let property or two.

Some stocks and shares isa

Nice holiday.

Then see when I can retire.

Exciting times op!

10% each in trust for the three teens to help them get on the housing ladder eventually, 10% between the 5 charities I support.

That leaves 420K

Pay off mortgage, get the kitchen done as we were intending before the pandemic hit. Book a family trip across Italy for summer 2022.

Buy a wood. Leave it to Yorkshire Wildlife Trust in my will but visit it during my lifetime.

With the rest, put it towards our retirement.

I'm a long term expat, with a good rent allowance that comes with the job.

The house I'm living in is worth quite a bit more than that, but hey, it was empty for years because my landlady couldn't find a tenant. & I do really love it.

So I'd make my landlady an extremely cheeky cash offer, & spend the next ten years investing my rent allowance in my dc's future once I owned the house.

Then, once I retire, I'd rent the house back to my current employer for the next generation of expat teachers, whilst living on a houseboat, charging silly money for private tuition, & cheerfully sliding into a drunken dotage.

(One of my ex colleagues has followed precisely this trajectory. She's although it does definitely require 'dying with your boots on' - you need to be independent into your late 70s at least. I suspect the house will eventually be sold once she becomes very infirm, if she's with us that long. Currently working & travelling happily at 82).

Buy a home for me and the kids. Finish my education so I’m not stuck in a job that is grinding away at my will to live.

At my age, I'd retire.

Finish my house and go to college

I think it depends on how old you are, so you have DC, and what their ages are .

For me, late 50s, it would mean retirement . But for someone in their 30s with young DC it would be a different matter .

I would leave and set myself up with just my children and I

Pay off our mortgage and move somewhere a bit bigger mortgage-free (possibly plead with DH to be allowed to move to the country).

Put some aside in a pension plan.

There's some sort of local set-up (charity? Business?) which invests small amounts in new businesses - basically start-up loans but at no interest (I'm not entirely sure of the details!). I'd like to do that and help out some young people starting out.

Give a decent amount to charity.

I'd keep working, but part-time, and spend some more time on hobbies.

Travel. All the travel, well into my dotage because if you can spend money on it, there's no need for it to be difficult. Oh, the places I'd go!

Buy my very first home at 45 and save the rest for retirement.