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?

My kids are young adults now. I'd give them enough to buy a decent house and some fun money, but I wouldn't want to make them millionaires at their age.

If they wanted to leave their (good) jobs and set up their own business I'd definitely help them out with that.

I've always wanted to live by the coast so I'd buy a farm type place near the sea and do up the outbuildings for holiday cottages. I would let them out to families in need for free holidays and let my friends and family stay in them when they come to visit (because I'm one of those Mumsnet weirdos who doesn't like folk staying in my house 😂)

@Withnailandsigh can you say which village or why yer Cornwall or Devon also what do you do in uni.
It's always a world I've fancied being in!!

Depending on dc age op would depend on how you treat the money.
I'd like to think both of mine want to do well already and have a love of learning.
I would keep them in classes to make them good at something. Poor people who suddenly become rich and find their purpose taken away so like pp I would probably still do my job or use my money to further assist people via my job.

For the dc I would keep them needing a purpose and definitely wouldn't not give them money..

Another one who’d create a family business that DC played a part in - DC1 would head business admin/accounts, D2 - artwork and design, DC3 - internet/social media and DC4 - science/research. DH and I would have the biggest offices though (with massive swirly chairs) and just pop in when we wanted to dress up for meetings-creative brainstorming-annoying them. Would love to do something mental health/well-being based.

Hmmm given this just a bit of thought!

I'd set up an educational trust to pay for DCs education and put enough in it for GCs one day too - for school/university/postgrad/professional study.
But I'd not want them to get too cosseted. There'd be no flying first class (we rarely fly anyway) and they'd still be getting holiday jobs.
I'd obviously give up work though 😁

This is a good idea, I'm copying your idea when I hopefully win 45 million.

It's really hard to imagine how your wealthy relatives could be miserable! Whenever I've had more money than usual, I've had a great time travelling, going to concerts etc, & not worrying about how I'm going to pay my bills!

I too have seen/planned my future with a big lotto win. TBH, I won't be telling too many people. With regards to my children, I'll assist them to get on the property ladder & I will set them up with trusts, but it won't be so much they'll need never work. I want to help them, not spoil them & turn them into entitled people.

I often think about this when I am trying to get to sleep. For my child I would definitely sort out a pension first of all, as I am currently stressing about that for myself, and set aside enough money to pay for private health insurance.
Apart from that, I would just ensure they got a decent education and then see what happens.

I would still work at long as I could just for the buzz! Although I have some friends we cannot always get together so I would miss company although I do liver solitaire as well.

I would have my hair done regularly and get my teeth sorted and I might cull my wardrobe for once and for all! I would certainly need somewhere to live but to be quite honest when I search property porn online I am disappointed by the posh places. Some of them still only have one loo/bathroom, no or little garden, no garage (I don't drive but would like storage). So a 'regular' house under 1 million would suit me. If there was enough money to give to family and friends that would be nice but other than that I don't need a speed boat/helicopter/plastic surgery/ 2nd/3rd/4th homes though as I have friends in Hampshire maybe a little bolt hole would be good! Hark at me spending money I don't have!

At the moment my heating and water comes out of my rent. I would not be surprised how quickly a 'win' goes on heating and water plus other bills!!!

I would try to keep her away from the idea she is rich (I only have 1). So University? All the fees are paid etc and she can study whatever but there isnt a free pass for fail/do something else/fail. Depending how much money she wouldnt have to do anything, just travel but I would try to make her see that with enough money she need never work but do something useful/creative. £45 million? Thats enough forever as long as you dont want to keep up with Elton John. Buying houses/cars etc isnt the way to go. Depending on your age its a long game with investments and trusts, not handouts. Heating? I can rent a small villa somewhere warm and live ok for a few months a year. Surprising whats out there. get the money first then look at the options