Lottery win question

[OneHornedFlyingPurplePeopleEater]

This is my favourite subject, and I'm convinced I'll win one day, but for now It's unfortunately just a dream.

I often think/talk about the lifestyle I'd lead, where I'd live and travel to etc. It will sound ridiculous to some, but I enjoy the dream - it doesn't make me feel shit that I don't have it.

Anyway....I was thinking about the kids. And when I inevitably win the euro millions, what will their life look like.

What would you do? How would you ground them so they weren't completely out of touch with reality? Would you make sure they still persued an education that gave them a career? Not give them money? Give them only enough to make them comfortable but still have to work?

Or when I win £45m tonight should I say fuck reality and set us up so me/my children/potential future grandchildren never have to work if they don't want to?

Of course the kids are still gonna need educating and guiding toward a fulfilling career. They’ll go strange otherwise and end up full of cocaine and bad ideas.
Even the royal family have day jobs as young adults before they have to do full time ‘royalling’ as they become more senior. Having a shit tonne of money in bank means you can buy a house or two outright, fly first class, never have to sit on the phone for hours to try and book a GP appt, get a driver, nanny, cleaner and chef…. So lots of freedom and less hassle with the boring arbitrary bits of life. Once the novelty wears off though, you’ll still be ambivalent about life, because that’s how we’re programmed. You still age, people you love still die, little things will still irritate you and you replace your poor peoples problems with rich people problems.
trust me, I have several extremely wealthy relatives that are the most miserable fuckers you could ever wish to meet. I wouldn’t swap my life with theirs for any amount of money.

Not a chance I would have my kids working if they didn't have to.

But how do you do it without them being fucked up?

I totally agree BTW. But in reality if they never have to think about money, have a housekeeper, chef, nanny, amazing holidays etc, what do you do to try to make sure they grow into nice adults?

Well they are not fucked up now, I'm not sure why they would be if they didn't have to go to work.

Our plan is to set up a family business that they can be part of... the fantasy is some sort of outdoors centre.

@daveded because not having anything meaningful to do all day causes issues with mental health. Not all jobs are hard or unpleasant. I work in academia, I rock up to a university and talk to interesting people about interesting things for three days a week for around £25 an hour, but if I had a million or two on the bank I’d still go for free! because I love it. When my kids were small I didn’t work for three or four years… by the time baby was about two months old, I was bored senseless so did another degree and tutored online. Didn’t even really need the money, but couldn’t just drift to and from the cafes and parks and clean the house because I was becoming depressed through boredom. I know a chap who was born to immense wealth, he runs a cafe in zone 2 he cooks a lot of the food himself and serves customers because he likes it.

I'm very happy with my life. Apart from a new car and a few holidays a year I wouldn't change a thing. I don't even think I'd move house. I love it and where I live.

£45 m won’t go far, and certainly not enough to ensure future generations won’t have to work, so the best thing is not to give your kids a life far removed from reality, so that they are better equipped to support their own children and grandchildren

@OneHornedFlyingPurplePeopleEater
most mega wealthy people aren’t flash and the kids are much less interested in fashion and cars because the parents are that way. I lived out in a very pretty coastal village which was awash with celebs and old money types. They were all scruffy and laid back with threadbare carpets and wore wellies to the pub. They generally raised their kids to appreciate things beside money, they were all musical, studious, sporty and were always doing daft things for charity and social projects and stuff. I think, when money is no longer central to your life because you don’t have to worry about it, other things become priority. Still perfectly possible to be caring and kind.

But how do you do it without them being fucked up?

when you’re talking the lifestyle 45million gives you not fucking them up is very difficult. I’d rather not win that much tbh.

Interesting question - I think I would double up whatever salary they earned to make their lives easier/more enjoyable but still with an incentive to work and succeed

most mega wealthy people aren’t flash and the kids are much less interested in fashion and cars because the parents are that way. I lived out in a very pretty coastal village which was awash with celebs and old money types. They were all scruffy and laid back with threadbare carpets and wore wellies to the pub.

This is such an outdated trope & again 45m cash is a very different type of wealth.

I'd travel the world. Probably also go on a few cruises. Depending on how much I won, maybe a house in America, or somewhere hot with a beach close by and then my main home in the U.K

Personal chef, private gp, I'd get a full MOT check everything and anything so I'm in tip top condition. Have my own personal trainer. I would still like my DC to be independent and be as successful as he possible could be, whether that be a degree or go into a specialist trade. I'd also send him to a private school

£45 m won’t go far, and certainly not enough to ensure future generations won’t have to work

Thats nonsense & completely ignores any investment.

I would make sure they had about £1 mil in the bank just to help give them a boost if they wanted to start up their own business or whatever

When I have my lottery day dreams I imagine matching what my children earn every month so they are rewarded for working.

I would buy them a family
home each too.

I've thought about this a lot

I’d want a driver & a chef

You could just go to the airport willy nilly with your suitcase (optional) and be like, right where do I want to do today then. Could you imagine. That would be my dream right there

I like the idea of setting them up with a house, and matching their income.

I also like the family business idea - but I have no real passion for anything. That could easily change if I didn't have to work every day.

I also wonder how long I could not tell them for. I wouldn't want it to be general knowledge, and we wouldn't move (massive extension though).

I always say I'd be happy with £1-3m. My husband says he'd be annoyed at a 'small' win and only wants the big amount. In reality he'd be delighted, but he doesn't really believe in the dream as much as I do.

I wouldn't tell anyone I had one the lottery and I certainly wouldn't make it public knowledge. I would just just my closest family and friends and give them a little something

@babbygabby it was only about 15 years ago and I assure you that’s exactly how they were! They all lived in massive old houses with acres of land and owned boats in the Mediterranean and all sorts. None of them drove new cars and none of them wore smart designer gear, it was considered bad for the environment and a bit classless. They had private doctors, private education etc though. I saw them almost daily because our chef was fabulous and they came for dinner most evenings. If you live in a village with a population of less than 200 and one pub and a little farm shop and see the same faces every day, why would you bother flashing your money about, you’d look a right dick! There was lots of community events and not one designer handbag or pair of shoes at any of them. 45m is a ticket to a lot of freedom, I suppose how it gets managed depends entirely on the person. I used to be so poor it was unreal, literally couldn’t afford to eat and buy electric at times and far too proud to ask relatives for help. I tried so hard to look like I wasn’t poor. Now I can afford to visit hair salons and buy nice clothes or own a fancy car and things I don’t bother! What’s the point? I wear scruffy shite and get the bus and tube everywhere, I spend my money on holidays and concerts and music tuition and stuff like that. If I had huge wealth I’d be the same, no big house, no car, no stupid designer labels. If anything I’d try to make sure as little of that money went to consumerism as possible.
maybe I spent too long around the rural wealthy in my youth 🤣

I wouldn't give up work altogether...I'd change jobs definitely and probably do something lower paid. No one outside my immediate family would ever know. There would be money set aside for them but possibly given to them when they turn 25 of something like that so long as they have a decent career. I think it's important for them to have careers and normal friends rather than just be socialites

If I ever won enough money on the lottery to give up work I’d 100% be signing up for a load of courses at college. You’ll find me silversmithing, flower arranging, painting in watercolour, baking etc. Might even throw in learning another language.

My DS is currently an apprentice mechanic, I’d encourage him to continue bettering himself too. I’m sure he’d be happy getting a lift to college I’m my Lamborghini 😂

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That.

I know it sounds an insane amount of money. But if you’re expecting to simply live from it, withdrawing money as you go along, it’s not going to take you far.