Euromillions - £120m too much?

[TheSassyTraybake]

So I’ve bought a ticket and will take every problem that comes with winning but I do think this is too much? Managing it would be a full time job! Would be less relaxing on a sun lounger and more meetings with lawyers and accountants about the performance of your family office I would have thought.

I think a cap of say £40m is more than enough to be able to do anything you might reasonably want. Then there could be 3 winners tonight.

That said the idea of private jets and never having to queue at an airport again sounds wonderful! 🤞🏼

Yeah I agree and this actually happened to my BF on the regular lottery. It was a "must be won" draw. He matched 5 numbers - 6th number was one digit off. So for matching 5 numbers he got "only" about £9k. If that 6th number had been one digit closer he would of won about £20M :(

It’s a lot of money, but I’m sure I’d find a way to manage.

I'd set up charitable trusts, or at least I'd get professionals to do so, mostly for animal and disability charities. I'd buy a house (currently live in a 2 bed council flat). Nothing too flashy as I wouldn't want to be tied up with piano wire and robbed. I'd buy a small new car every couple of years. I've never owned a car younger than 15 years old so it would be lovely to have one that started first time every time. Above all, I would know that my disabled adult son would be OK once I died. There's only the 2 of us and I worry myself sick about him. Especially with the constant threat of disability cuts. For me the greatest gift would be freedom, not luxury. Freedom from worry and always being beholden to others. Although I might just treat myself to an expensive dinner and one (or six) cocktails now and then.

I agree @TheSassyTraybake

It would be much more appealing to me if there were 120x the chance of winning £1m, or even 12x the chance of winning £10m.

Nobody needs more than £10million for winning a lottery.

why is it ? personally that would be a nice gift that i could pass down the family generations and build a family name from it

You will buy an island with a hedge?

I would also love to be like Johannes, in Amandaland, and go round handing out £20 notes to all the kids in our family every time I see them 😂

I only play it when it's a huge rollover.

Go big, or go home.😀

I only buy when it's a 'it must be won' draw.

I think it wouldn’t be that hard to manage by the time it was shared out to people you care about and charities, that’s what I would do first.
Then I would buy the house of my dreams, get myself a chef so I never have to cook again, a cleaner so I never have to clean again and a chauffeur to drive me around. I would pay them really well and enjoy the rest of my life in luxury. It must be amazing to have a life where you never have to worry about money again.

It a lot of money but the ticket may be shared and you could give away half to charities put into a family foundation to benefit charity or hand to a wealth management company to manage until you get your thoughts together.

I know in my mind what I'll do if I win - £5m to rebuild the hall and add an upstairs meeting room, full catering kitchen, replace the roof, and fully renovate to make disability and flexibility at my church plus an endowment for future repairs. £5m to the local charity that provides respite to families with severely disabled children, they may be closing later this year because our bankrupt council has withdrawn funding, that will cover 5-7 years. My two dc plus dsd a house and car each, holiday for everyone including my other dsc who is disabled plus 2 carers to Disney ... and I'll quit work!

Wonder if it's enough for the house in the show Riviera?

I think I'd cope 😁 DH and I have always talked about buying up some properties to rent at affordable rates for local keyworkers and having some land for rescue animals (properly staffed and cared for). I'd also love to do what Michael Sheen did recently - buy up a load of debts from collection agencies and write them off to give people a clean start.

I always say it would be life ruining.

It's so much it would change the dynamic of every relationship you've ever had.

You've been going on holiday with the same couple for years but now you want to go to fancier places and are happy to pay. But they then feel in your service. It inevitably changes the nature of the relationship.

You go to the pub with the same mates every Friday and have done for a decade. But now you can't really ask them to put their hand in pocket or at least to start with you don't want to. Again, it becomes something different and unequal.

Your kids walk home from school. Could you ever feel safe letting them or are they now a kidnap risk?

It really is too much. You can't hide that level of win whatever you intend. Someone always finds out. It will be known where the ticket was sold and your lifestyle will change.

Even giving it away comes with challenges. Win 2m and you sort your nearest and dearest. Win £120m and every random cousin excepts something.

I don't know why they don't have 60 winners of £2. That would enhance your life but not change it beyond all recognition.

I genuinely wouldn't want £120million but I'd bite your hand off for a smaller amount.

😁😁😁

After securing my family's future I'd get a lifetime of satisfaction seeing all the good i could do with it charity wise,

There's no way I'd tell anyone the amount though.. and yes, sadly it would change family dynamics.

I agree, I could retire immediately if I won a million pounds.

I could have everything I can imagine I could want in life for about £20 million.

Anything more than that and I would be looking for ways to spend it - ultimately I'd set up a foundation or something but I really wouldn't know what to do with £120 million pounds.

I would:
Put a good amount in trusts for the dc.
Buy a house for two of my friends who deserve a bit of good luck, but make sure they doesn't know where it's come from because I don't want them to have to feel gracious.
Redo our garage as a library/craft room for me.
Let ds have the parrot he has always wanted.
Donate to three charities that have special meaning for me.
Give some money to someone I know to reset up the children's group that failed during covid, having been thriving before.

I think it would be quite easy to manage.

Ringfence some personal wealth and dump the rest into a charitable foundation overseen by sensible people to help lots of worthy causes. I'd chair the foundation of course.

Would be amazing to share it and make such a difference, whilst having no personal financial stress.

I would buy a house. Renting currently. Not an excessive house but big enough for what I need. Maybe travel a bit more than I do, and in style. (not private, maybe business class).

Give a LOT to charity.

Buy my elderly parents a house with no stairs right near their current house and hire someone to arrange the moving for them.

Put money in trust for my kids.

I would buy a house with a swimming pool, have staff to help me. I would give family a million each at least, friends, people who I know are struggling moneywise and also give away a lot to charities .After that I imagine I would have enough to live a great life and apart from that I might not have much left then .It would be wonderful to give tons of money t family and friends and charities and to people I know and life is a struggle for them. Equally I hope if a family wins they would remember that I would love to be wealthy. I once read a quote along the lines of They say money doesn't bring happiness but I would like to be able to give that idea a go .So if any relative wins tonight please bear in mind I would send you a lot of money if I was the winner.

I read this novel…really interesting in terms of opening up the different values of family members.
Really made me think!

adeleparks.com/just-my-luck
( though I've no idea why the link on here shows a different book cover, when the link takes you to the correct one)

See the problem I think you’d have is who do you give money to and where do you draw the line? You can’t hide that amount of money, people would know. Do you give money to just immediate family? How much? Friends? You could lose as them friends by giving them money or not.

And having worked extensively with charities there’s no way I’d trust them with a large sum of money. Some of the salaries and fancy office costs etc are obscene. So that means I need to monitor how they spend the money and add conditions etc.

Not quite the relaxing by the beach I had in mind!

I dont play the lottery but I did buy a single lucky dip for tonight. Agree with others, lots of fun things you can plan, dream holiday, perfect house, I'd have a secret beauty and the beast library but it would probably all be quite overwhelming in reality... Still im prepared to give it try 😉