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

£250k could pay off mortgage and I could get a new car. Which would be life changing eventually as it releases so much money a month (slow burner).

500k could do the above plus an extension, holiday, pension investments etc so that would be a true life changing amount over night

250k would clear all debts including mortgage freeing up around £2k a month in repayments. We’re living to the last penny every month at the moment so having that available would be absolutely life changing.

I think it's 10x your annual salary. So if you're in 20k 200k is life changing. If you're on 100k you need a million to change your life.

One million would be enough to buy the DCs a small house / flat each plus enough left over to pay for house renovations, a new car, a couple of lovely long-haul holidays and a big chunk left over to save.

£200k

70k to clear the mortgage
15k for a Disney trip
10k to replace my 2nd had banger with a 2nd hand good car
5k for me and dh to go away for our anniversary, abroad, childfree
20k for home improvements
30k each into uni savings for dc(x2)
10k each to our parents as gifts (x2)

£500k would be perfect. Mortgage repaid, school fees accounted for and a bit set aside for kids for future. Just enough to feel secure and in control.

Life should not be all about money. Mine isn't.

There are other things like;
grouse shooting,
garish uniforms (with tassely things and shiny medals),
brown paper packages tied up with string,
one's personal toilet seat, carried discretely by a minion,
a boiled egg,
helicopter rides,
...to name but a few.

Actually, when one thinks about it, perhaps it is about money.
One rather likes the huge income from land that my forebears (ahem) 'acquired'.
Although one thinks that one always needs 'just a little more'.

£1 million would be perfect. Enough to change our life without being an unmanageable sum. We could:

• Pay off mortgage
• Put money aside for hefty deposit for ds
• Give up our current stressful jobs and do something much more low-key / part-time
• Increase our pensions for a comfortable early retirement

I love the enormous amounts on this thread, I was sat here like "Hmmm, I think about £5k would be belting". I dream small apparently. £5k would allow me to be debt free, which is all I really want for the next few years and would consider life changing.

To be truly life changing, it would need to be enough to clear the mortgage, pay the school fees and fill my pension sufficiently to allow me to retire now. Around £1M would do that. If I want my husband to retire at the same time, we would probably have to double that. I love him to bits, but £1M will do!

Another who would like to contribute to the £600 divorce fee for pp ... Can we set up a crowd-fund project freedom for people who need it.

My version of this is ... If i win the lottery tonight what would I do with
£30 (wine)
£300 (wine and day out)
£3000 (knowing my luck car repairs)
£30000 (ha! New second-hand car and holiday)
£300000 ( ooo now it gets interesting)
£3000000 (unimaginable)

200k would be good enough for me maybe. We'd be able to get a bigger home and be mortgage free in it!

30k so that I'd be out of debt (from buying my ex out of our shared home) would change my life! I bring in a good wage but the worry of having no savings is constant. I have never been in debt in my life up until now, and it has been psychologically much more difficult than I was expecting to get my head around it. And thats when it was a choice I willingly made, as opposed to being backed into a corner with no other options. Loving the range of responses here!

200k would mean we could buy a house outright. So would make our life more comfortable and less stressful.

2 million, would mean I could give up work and never have to work again. Now that would be amazing 😁

Same.

Much more important than money for me.

I like my job, we live a fairly simple life in a modest terraced house but I am happy with it. My kids are doing well, I have a great DH, good friends and no serious health issues at 55.

What more could I want. I aspire to nothing more.

It would be nice to have some more pension savings, just to know we would manage when we retire. It wouldn't be life changing, but £200k would help as our pension savings are not as good as they should be.

£1.5m minimum so I could leave work comfortably forever. Anything less wouldn't make much difference to day-to-day life.

We inherited £150k 2 years ago and it has changed our life. We were pretty financially secure in the first place but the money enabled us to do a pretty large renovation to our home, getting it perfect for us and completely changed the way we use it. We will now never move. Also bought a small rental property outright (Scotland so lower prices). The rental income has allowed me to substantially drop my hours at work, allowing me to be home more with our two very young children, take the load off me etc without any drop in monthly money coming in.

DH & I have a sliding scale for this whenever we have the "lottery win" conversation...........
£5k would deal with house jobs
£25k would deal with house jobs and debt
£180k would deal with house jobs, debt and mortgage
£250k would deal with house jobs, debt, mortgage and kids uni fees/debt
£1m would cover the above and stash enough in our pensions that we could both go part time
Anything more and it's unimaginable, have no idea what people with that sort of money do 😊, right now I'd settle for pretty much any of it but the middle ground would be lifechanging in terms of lowering our outgoings (by £2.2k per month) and giving us options

@Constantsoul are you looking for an apprentice? Can I send you my CV 😂

£1m would enable me to buy a modest three-bed round here, and get me out of this renting hell-hole, and take away a massive amount of stress, not least what I am going to do at pension age.
Another half a mill would enable me to treat the children to a nice holiday every year til they are grown, and gift them a good deposit for their own homes.

If I won multiple millions, I would buy a row of properties for my single mum-friends and me, and build a nice supportive community for us and our children. I'd build a local youth centre and make it amazing. I think that would be life-changing for the area.
I'd also build some sort of hostel for the homeless.

£1m could pay off mortgage and have a bit left over

£££££1M

I need the £££1M today haha

To be properly life changing, about £1.5m. That would allow us to buy our forever home outright and put a lump sum in pensions. Without a big SE mortgage to pay we could both go part time in local, less stressful jobs with no commute for me. I already spend a lot of time volunteering but if I worked less hours I could then take on another role or 2 that people have asked me to consider but I didn’t have time for.

Me too! £10k would do it for me, pay off our debt and free up £500 a month which would make a massive difference to our day to day life