I've just been thinking about what would I do if I won millions. Say 5 million.
I'm up feeding dd and I'm discussing it with her. She's 8 months old so her input is mostly shite 😂
Firstly I'd pay off my mortgage and put enough money for each of my 4 children to own a property each.
I'd pay off my debts, do home improvements (I love my neighbours, I'd stay for them) and I'd get my loved ones sorted. I could easily do this with 2 million with where we are.
1m in savings ideally but I'm happy to have less if I can generate a decent income.
1m with a clever accountant who could help me invest wisely. (Although I don't buy a gift without running it past mumsnet, I'd definitely ask advice on the money matters forum)
Leaves 1 million.
I'd like to use that for children in Palestine and other vulnerable children.
I'd also like to help out a few small charities that help people who are dealing with sick or dying family. I've seen many grown children of dementia sufferers and they're not given as much support as they need. I'd also love to help the actual victims of dementia to enrich their lives.
I'd love to buy a nice property somewhere when I've made a bit of money that could be used to send people living in poverty on holiday for a week. Or maybe if I bought caravans on a holiday park I could get more people away on holidays effectively. I could also sort prepaid food cards for them then also. So free holidays with food and spends sorted.
It wouldn't alter my day to day life as in I'd change my house or car. I'd probably still buy second hand clothes and shop at aldi. I'm not someone who gets a thrill from clothes, maybe however a nice bag and some saltwater sandals 😊
The luxury for me would be the opportunities I could give my children.
And the things I could do to make changes in other children's and families lives.
I'd happily have less savings to have more money going to feed children, but I'd ideally need to use money to make money. I'd be cut throat and frugal if I had the chance to make money to improve things for others on a significant scale.
Anyway I'm sure this thread has been done 1000s of times but if you'd like to share I'd love to know.