What would you do with £1 million?

[Disneyblueeyes]

If you were made a millionaire tomorrow, what would you do with the money?

Anyone ever thought about it? 😁

Holiday,
House deposit for each DC
Money for Family
Hire a personal trainer and personal chef for 3 months
Charity Donations
Save the rest

Spread the joy. One third to us, the other two thirds to the kids. It would be life changing.

Pay off debt
Pay off mortgage
Book holiday
Driving lessons/ car for partner
Gift parents money
Gift kids money for when they're older
Pay for private medical treatment for ongoing stomach issue

Donate to local food hub

Buy a bungalow with a great view then give the rest to DS and partner to get them on the property ladder.

Invest it. Retire 6 years earlier than planned.

Knock on my exes door or some other way contact them and beg them back in the hope the £1m might swing it for them

I’m in Scotland and I’m frugal , I would give my parents 200k so they could retire , get myself a home for around the same amount ( still gets me a detached with land here and get 2 or 3 cheaper others to rent as investment probably 2 others very cheap abroad to Airbnb . That should give me about 50k a year so o could work only 3 days a week instead of 4 a few more years and retire in 10 years instead of of 20 . Would keep 100k in savings and would give the other 100k to family and friends .

Tell work they can shove their job up their arses

Buy my bungalow, convert the loft into a second bedroom

Take my Mum and Sis on holiday preferably a cruise

Take my Disney mad Friend to Florida and Stay in a Disney hotel

New car a decent one of course. Yeah I think I may have gone slightly over my 1 million!

Little flat
Intensive driving course
Car
Horse

What a weird response. @Crucible already said they would help both their brother and sister, who I'm assuming are human.

Imagine someone offering to help and assist rescue dogs, (who are in the hundreds of thousands by the way, and this is caused by irresponsible humans), being questioned on how they'd spend their win.

I hope you win 10 million at some point Crucible.

Take a career break until both my children are at school full time.
Have a really great family holiday.
Keep aside enough to cover our mortgage so that when current rate expires we can pay off.
The rest would probably go into long term savings for retirement for us / education and house deposits for the children.
That’s a pretty boring answer but would make me very happy!

It's not quit work territory, but I would

Pay off the mortgage.
Buy a (decent) second hand car.
Nothing for another year. Keep working.
With the interest, home improvements that are needed- painting and sanding the floors, build the laundry.
Holiday- nothing extravagant.
High interest long term accounts
Pay school fees (secondary school)
Use the mortgage payments from work, to add to pension
Keep going as usual

it’s true that for London homes, £1m doesn’t go that far at all because so many houses are that price - and they are certainly not what I would ordinarily think of as £1m homes - just standard terraces/semis

so I would pay off our mortgage

save some for DC - for their uni and something for a house deposit if possible

invest the rest- but there wouldn’t be much left over by this point

I would pay off my mortgage, buy a big piece of land, build a similar size home, small but more functional (don't want to clean more than a 3 bed), but I would also be able to offer more rescue dogs a home.

I think about it too much!!
Buy a nice big house ( a decent house here with land would be about 5-600k) put some aside for Dc, lovely family holiday abroad- Dc have never been ( Eldest is 19) , give some to a few local charities, mainly animal rescues, put rest in savings!

Worry a lot. But the worries you have with money are hugely preferable to the worries you have without.

Pay my MIL's nursing home fees. She may live for years more and I'm starting to accept that my FIL is not like me and just wants her to live on however awful her life is.

I suppose I would buy a flat with a view and a garden, take my mum out of nursing home care, set up 24 hour care and move her into it.

There wouldn't be anything left after that.

I've been thinking about this recently as I've just invested some savings in a sizeable amount of premium bonds, so theoretically should be due the big one soon 😜

I'd give away £100k each to my Mum, Dad brother and sister, and put £50k in the bank for each of my 2 DC, so that's already half gone.

I've drawn up plans for a loft conversion and a kitchen diner extension, and can only realistically afford the loft now, however if I had this money I could do both immediately for £150k.

I'd take my DC plus our Nanny, my parents, siblings and their families on an all expenses paid Disney Florida villa holiday. I'd budget £30k for 13 people to Disney, including flights and accommodation.

I'd keep working, as I love my job and it pays well, so I'd probably pay the maximum overpayment to my mortgage each year until the fix is up £50k per year for the next 4 years = £200k.

I'd probably just keep the final £120k as emergency money in a high interest ISA.

Pay of mortgage, do the house up and have a few family holidays.

The kids already have pretty much everything so 1mil won't make much difference to them 😂😂

New bathrooms, new flooring right through, doors and windows, book a fancy holiday and put the rest in a savings account.

Run, run like the wind

Retire and continue to live exactly as I am now just without work. It's the only thing in my life I don't really like all that much.

Retire
Have the conservatory taken down
New bathroom
A holiday
🤗

Invest half of in, in the stock market

I don't think 1m is a huge amount. I know a couple who won 3m on the lottery. Sure they have a nice house, but both work, have children, don't do anything out of the ordinary. Certainly not extravagant in any way.