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Original poster

What would you do with £1 million?

191 replies

Disneyblueeyes · 17/04/2023 21:49

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

Anyone ever thought about it? 😁

OP posts:
nocoolnamesleft · 18/04/2023 01:03

1 million, hmmm. Not enough to retire comfortably and safely. Obviously pay off the rest of the mortgage, don't think I'd bother moving, but maybe a new kitchen/bathroom. Invest the rest in order to bring retirement closer.

My preferred fantasy is for winning megamillions, and using a large chunk of it to endow the local hospital, but that it can only be spent on 24/7 maternity and children's services, to make sure they stopped trying to take them away.

RunningUpThatMill · 18/04/2023 01:09

@Cheshiresun 3 million would give me 75k a year for the next 40 years if I didn't invest and not taking into account any interest. My household income is more than that, but I'd say an extra 6k a month would give us an extravagant life.

whatsyourpoison13 · 18/04/2023 01:10

This reply has been deleted

This has been deleted by MNHQ as it was the work of a previously banned poster.

whatsyourpoison13 · 18/04/2023 01:11

This reply has been deleted

This has been deleted by MNHQ as it was the work of a previously banned poster.

dizzydizzydizzy · 18/04/2023 04:45

Escape from 'D'P by buying my own property.

MissMarplesbag · 18/04/2023 04:48

A million would buy me a 3/4 bed semi in a m/c part of my local area with not much spare change. I could possibly get a utility room for that budget and a holiday with the spare change.

maddy68 · 18/04/2023 05:40

I would buy a home. Where I live is very expensive and we can only afford to rent

PurBal · 18/04/2023 05:48

Pay off mortgage (£240k). Take a holiday. Invest the rest so I could leave (or at least change) my job. Wouldn’t be a massive income but with no mortgage would be bliss.

Flowersun6 · 18/04/2023 05:50

Carsarelife · 17/04/2023 21:57

I don't actually think a million is a lot of money. Where I live South East a normal house is about £600,00-£1.2k

Plus there's about 10 cars I want.
A holiday or two
A few dogs
Plus set my 2 DD's up

This is the definition of never been satisfied.

Surely you would sell up and move some where cheaper with 1 million I would. You are not tied

Switchwitch · 18/04/2023 05:52

Get a wrap around extension, buy an electric bike, rest in savings/trust funds for DC. It's not enough to quit work so I'd stay full time but my dh would probably want to go part time.

Beezknees · 18/04/2023 06:15

I could easily buy a nice 3 bedroom house outright for £250k here. I don't need more than 3 bedrooms - one for me, one for DS and one spare room.

£500k into my pension so I wouldn't have to worry about saving any more and could keep all my salary from work. £200k into savings for DS.

The remaining £50k to go on some once in a lifetime holidays and travel. Australia, French Polynesia, Antarctica, and Japan are on my list.

CirreltheSquirrel · 18/04/2023 06:20

My mortgage is already pretty much paid off so it would be close to enough (on top of my existing savings) to retire. If not immediately, I could choose a date in say the next 5 years and work towards that.

Other than that, travel. I don't need a bigger house or a more expensive car and I don't have kids to pay for so I'd be off seeing the world.

Grumpafrump · 18/04/2023 06:55

Pied a terre in London, car, home improvements, savings for kids. It would go so fast.

DidyouNO · 18/04/2023 07:28

We own our house and cars but our dream is to have a holiday home about 2 hours from where we live. We're in rural Scotland so pop into very, very rural Scotland for weekends. That'd be amazing! Would probably only
Cost us £150k so I'd give my kids 150k each too, leaving £250k for luxuries and retirement.

Timeforchangeithink · 18/04/2023 07:35

Chuck my job in. Move to a house with lots of land. Rescue dogs. Dream life.

Nounoufgs · 18/04/2023 07:37

A house
a caravan
tutors for kids
a holiday as we’ve not ever been abroad with the kids
probably study as well but I seem to enjoy it

KleineDracheKokosnuss · 18/04/2023 07:55

Go part time on my job.
Fix up house (especially new windows)
David Lloyd gym membership
Do a physics degree and then look at becoming a physics and maths teacher on a part time basis.
Take on volunteer roles to help people.

PussBilledDuckyPlait · 18/04/2023 07:57

I live frugally and have no dependents so I could afford to retire early on it. At my present rate of outgoings the capital alone would keep me for 30 years, and I'd have pension income to supplement it in 15 - 20 years' time, plus my husband's pension starts in a couple of years. I'd rather retire and live on a shoe-string than keep working and live the high life. I'd work out the full financials and decide the optimum point (within the next few years) to retire.

OnMyWayToSenility · 18/04/2023 07:58

I'd probably invest half of it, save tax free as much as I could wait a few years and then buy a lovely house here or abroad.

Keep half for my retirement and use it to travel and help the kids buy somewhere when needed.

NotAnotherBathBomb · 18/04/2023 07:59

Carsarelife · 17/04/2023 21:57

I don't actually think a million is a lot of money. Where I live South East a normal house is about £600,00-£1.2k

Plus there's about 10 cars I want.
A holiday or two
A few dogs
Plus set my 2 DD's up

That only took 2 replies 🤡

Grumpyoldpersonwithcats · 18/04/2023 08:01

I'd retire immediately and use it to live on.

poppym12 · 18/04/2023 08:12

Buy a golden visa property in Europe and stay there.
Also help my DC get into the property ladder if that's what they wanted.

Crucible · 18/04/2023 13:55

RunningUpThatMill · 17/04/2023 23:48

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.

Show quote history

@RunningUpThatMill thank you that's a lovely thing to say. There is no such thing as a random dog. Wishing you a windfall.

Coffeeandbourbons · 18/04/2023 13:58

Keep 800k for myself - buy a lovely house for about 500k, then use the rest for really great adventure holidays and general savings/expenses.

Split 100k between my siblings, to spend on whatever they like.

100k to children’s charities.

Nobody needs to keep the full million, that’s just greed.

Bojosfringe · 18/04/2023 14:01

Pay off our mortgage.
Family holiday.
Get my roots done every 8 weeks.