What would be your 'life changing' amount of money?

[Weddingpuzzle]

What would be your life changing amount of money? I always read about and hear about people receiving a 'life changing' amount of money through inheritance, a lottery win or some kind of insurance payout and wonder how people measure it?

I have worked mine out and I have two figures - a life changing one off lump sum would be £11,912 - I would have £518 extra a month to play with and it would make a massive difference to my wellbeing (this is unsecured debt for my car and a loan leftover from divorce related destitution and it really stresses me out) I earn well though and our household income is good and I have a plan, so this will be paid off before I am fifty in 6 years.

To be debt free I'd need my mortgage paying off so £168,356 - this would be lifechanging because I could work less. Currently work FT, as well as freelancing and studying. You don't need to give approx circs/figures if you aren't comfortable - happy for you to say you'd need less or more than me. I am just interested to see if I am average?

£200k would pay off the mortgage and allow for replacement but very modest, kitchen, bathroom and car.
Mortgage money would then be diverted into pensions so it would change our lifestyle but not for another 20 years !

Enough to by a house outright, private fees and enough for a really comfortable early retirement from, say, 55. Don’t ask for much do I ?

I think €500k would be life-changing but not too overwhelming. I could buy a small place to live with no mortgage, and have enough left over to have a comfortable lifestyle. I don't fancy the millionaire lifestyle tbh.

I would still maybe work 2 days a week, in a creative job or something that didn't pay well but I enjoyed. Which would give me a bit of structure.

Also, if I had millions I would worry about how that would affect my friendships etc. Obviously I would financially help out friends and family, but people are weird about money, and resentment can set in.

£525k (house & car)

Agree with your point re the millionaire raffle - my husband refers to the £100m plus prizes as 'life-ruining' money because it's in the realm where it would no doubt cause no end of drama.

£400,000 would be the amount which would make our day to day life significantly more comfortable. If I were picking my lottery win amount, I'd say £8 million would do me nicely.

£30k for my life to change for the positive (leave my husband)

£300k for my life to be much better (buy a house outright locally)

£750k for my life to be perfect (buy a 4 bed house with a garden outright in our preferred location)

It's the main reason I play Euromillions. Someone has to win the raffle prize in the UK each time the draw takes place, if I buy a ticket I have as much chance as anyone else at being that person. £1million would my best version of life changing, plus I'd get to change the lives of other people too!

Several hundred billion.

I'd live in a lair in a hollowed out volcano in the Pacific, declare war on X and Elon Musk, and buy Ireland, evict all the humans, and turn it into a cat sanctuary.

Anything less would just get frittered away in the pub.

As we are already very lucky, it would need to be £1m so that I can give up work and retire with no change in lifestyle.

50K. Would use with my savings to pay off the mortgage...although would have NO SAVINGS then and hopefully going on Mat leave next year...

£75K would be fab

I love these questions…

£5000 would pay off my credit card reducing my worry.

£65,000 would pay off the mortgage and we’d have about £700 a month extra cash a month.

£1 Million we could pay off our mortgage, do some DIY to allow us to rent out our current home, buy a house big enough for all of us to have our own room and decorate it nicely with everything we would need bought new and buy a nice reliable car.

£1 Million + All the above and I could reduce my hours and do more charity work with my available time.

Enough to cover two teens at Uni, one at Yr 2 other 1st Yr.
Also enough to go to Uni myself for final year of degree which I am doing Part-Time

About £500k so I can live off it from the next 30 years or so without worrying about PIP, ESA etc…. (Disabled here). It wouldn’t be a luxury life. But so much less stress!

£16,000 for an easier life. £180,000 for a huge lifestyle improvement. £500,000 to never worry again.

20k would be life changing for me, would enable me to buy a house, currently looking and offering on things at the moment but struggling as buying on my own and that would just increase my deposit enough to really help.

I inherited several hundred thousand. Paid off the mortgage, renovated, few nice holidays and squirrelled plenty away for the children's future.

Still work. Life is more comfortable for sure but I'm not sipping pina coladas in the sun.

Interesting question. I'm in SH in London, due mainly to the area my house is worth 800k. I don't want to move out of London. So in order for me to give up my house I'd need a million really to be able to outright buy somewhere similar and have a bit left over.

500k would let me retire early but that would mean staying in this house. Which would be fine with me, but MN would not approve!

100k could be life changing temporarily as I'd take an extended break from work and do some more travelling.

Anything less than that I would not call life changing but would happily accept!

£300k - pay off the mortgage. Much less and nothing much would change.
If I was choosing though, I'd have about £2m. Plenty, but not so much we'd loose ourselves.

I'd need the same sum again to really feel different. Maybe because it's not my earned money I don't feel I can be frivolous with it.

Life changing - 2-3 million. But I'm in a fairly good position right now.

£5million - I'd buy the properties I want for the kids, invest, and give a load to Niall Harbinson's dog charity in Thailand!

Every little bit would help us live a better life but immediately and properly life changing?

500k. Buy a house, cover all fees and then some left over for repairs and other bs. Buying outright is 1500k back in our pockets every month to save up and put towards the kids futures. Done.

This is what pisses me off about people who are so pro-rent. "But what about all the repaaiiiirrrsss wahhh it's terrible owning renting is the future". I would have 1500k a month for repairs now with zero change in general lifestyle AND a stable home that I can do what the fuck I like with that me and my kids won't randomly get kicked out of on the whims of a landlord at a couple of months notice.

Renting is not stable or fucking fair in this country.

This is so interesting. When my husband died I inherited , £1.4kI cleared the mortgage, £400k, gave the kids £100k each in trust so it’s only for a house deposit. Kept £100k as easy access money for stuff for the kids such as university. Not paying fees and they have loans, trips, etc extra curricular things, driving lessons etc and the rest is invested. I am trying not to touch any of the capital until I really need to and even then it’s the investment income I’ll use first

I still work earning a decent salary but I absolutely do not live any differently to how I lived pre money. Eventually my pensions, small pensions from late husband and investment income will be my income with capital only touched when necessary. I’ll likely inherit from my parents at some point too

my kids know they have a house deposit but they don’t know how much and they have no idea of our overall finances and I don’t plan to tell them. They know we are comfortable and that I can afford for them to do what they would have done it dad was here but they don’t know the detail.

£200k would mean I could retire now, which would mean that we could have some meaningful time together and a holiday of a lifetime while I still can. I have cancer and I'm not sure how many good years I have left.

awww. thank you.♡ now that's what I call Christmas spirit.