How much money would change your life?

[overthinkersanonnymus]

This is my fave game to play with DP but he's asleep!

At 39, £500k would change my life significantly. I'd be able to :

•pay mine and my sister's mortgage off

•go to university and retrain as a midwife

•have my teeth straightened and made beautiful

•give us a nice nest egg to sit on

Quite a few jobs pay that sort of salary.

I work in the legal department of a medium sized PLC and earn about that amount before tax each year. My boss earns well over 500k before tax.

There must be at least 25 people at the company I work for who earn over 250k. The top earners are on £1m+ packages.

Enough to not worry about our retirement, and to have the ability to make choices.

250k would be utterly life-changing, clear the mortgage, with enough left over for pension and savings, put kids through uni one day etc. Could go part-time or reduce responsibility at work and spend more time with my kids. Fingers crossed for the lottery win!

@Constantsoul you're kidding!!

As a solicitor? What type of law?

£150k would do it. Mortgage paid.

200k would pay off my mortgage, £1m would allow me to retire which in turn would give me my health back.

No 😂 pretty much as far north as you can go

£1m - pay my mortgage off, invest a little, set up a company as a hobby interest and go on a nice holiday.

£1 million would mean I can keep my current house for my children & buy another for us all to live in. There'd still be a decent amount to buy a small holiday flat & put money in pensions.

I would still work but could afford to go part time or 4 days a week term time only contract.

50k would pay off the mortgage and fund DH’s knee replacement which he desperately needs. We do have the money in savings but I’d rather hold onto it to fund future care needs so DS doesn’t have to support us.
We had a lot of savings but chose to retire early and lived off half of them until we could access our pensions. We also did a lot of work on the house to reduce future energy bills. So our pensions mean we are actually very comfortable. But now most of the remaining savings are locked into savings accounts and investments so a small amount of cash would be great to sort out the above. We’ve just had a new boiler, we sort of needed heat more than DH needed his knee. He’s actually reluctant to have it done, but I’m trying to encourage him, he can’t walk very far without it dislocating but men can be so stubborn.

The company operates in a highly regulated market so much of the pay relates to the ability to adequately deal with global regulators.

Shareholders are happy to pay decent salaries if you can provide robust regulatory protection to allow the commercial side of the business to flourish.

I have thought a lot about this over the years.

£15m would do it.

i would pay off the mortgage and buy modest properties for the dc. I would plan some excellent (though not wildly extravagant) family holidays and cover some unexpected and significant medical expenses. I would top up pensions, put some money aside to pay off university debts. (I wouldn’t tell dc property or money was coming their way until they were at least 25 in order for them to best shape and create their own lives). I would want those things to be a lovely bonus, not a guiding light. The bulk of it would go into a charitable foundation and I would make it my life’s work to make a significant contribution to society by partnering with organisations making genuine changes for the better.

£50k would be useful but £150k would mean I could pay off a mortgage and do up my son's house and buy him a second hand car. £200k means above plus pay off all debts and pay for my DD's last year of uni and buy her a car. £250k would mean I could pay for her masters too and a nice holiday for us all and upgrade my car.
£1m and above plus I could buy her a flat.
£1.5m I'd give £150k to each of my sisters and £200k to my son.
£2m above plus invest for my retirement.
£4m I'd think of moving to more central London.
£5m I could buy my little Chelsea house without selling my current house and live comfortably on the rent.
That's the sweet spot: £5million. I'd be very happy with that.
But £250k would make my and my kids lives much nicer.

£1m would allow me to leave and buy my own place with enough space for each DC.
The rest would be used to top up my poor pension, allow me to potentially go down to a 4-day week and plan more travel. I’d also like to secure a decent nest egg for each DC.

Banking.

100k to stop the house falling further into disrepair (although the builders' quotes have probably doubled by now!). Roof needs looking at, windows need replacing, bathroom leaks through the ceiling, 2 large mould patches and carpet and kitchen that have been in since 2005...

That they pay taxes on.

It already happened for me and the amount was £25,000.
That was enough for a large deposit on an ex council flat. Giving me stability and very manageable housing costs.
Because of this I'm able to afford days out, holidays, extra curriculars for the kids.
Was able to take a break from work to home educate DS when he was having trouble at school. Not worry too much when DH lost his job.
We even remortgaged and bought a piece of woodland to camp in.
Honestly completely transformational.
Any amount of extra money now would just be the icing on the cake. The general shape of our lives is how I'd want it.

A few hundred million would bump the portfolio up to a new height plus I could buy property in various parts of the world.

£1m would be good but I’d still need to work if I wanted to retain the capital and let the money grow.

If I had £3m, I would probably use some of the money to live off and then retain £2m for investment.

I’d like the several billion the white male narcissists have and finally figure out ways to solve world hunger and climate change with the clever people who know how best to spend that money. It kills me knowing there’s a handful of people who could literally change millions of lives and choose not to do it

£300k, it’d pay off our mortgage.

I got excited to be given a £180 refund earlier so anything please

But...
£50k would change a lot short term

£250k and we'd be buying a house cash

£500k and we'd buy a nicer house cash and update cars, and id invest myself in the business I need to get investors to start/ bank loan.

I’d like £1million in the bank so I could say I was a millionaire. I personally don’t think that owning property to that value makes you a millionaire, I think you need to have it sitting in the bank.

100,000.
That would clear my debts, make my mum's home habitable (she's got no central heating, no hot water and no working toilet! Her roof is also fucked) and give me a good savings buffer.