If you had £2 million, would you still work full time?

[Summerlovin99]

You obtained the money through early inheritance. You are married, have two very young children and your house is already mortgage free. And if you wouldn't work full time, what would you do with your time?

Just worked out that on my current lifestyle/outgoings £2 million would last me 83 years :o

@MuddySocks

Would I fuck 😂

My actual exact phrase! 🤣

Though actually... I really like my job, so I might but with an end date (full time) in about 5 years time, at which point my savings + pension + the inheritance would be enough to stop at the annual income that I’d like.

Fuuuuck no. I'd foster cats and do a part time job that I enjoy for spends.

No chance, for two reasons.

Firstly, I know I couldn’t stick it. The fist time someone pissed me off, or if I woke up hung over and it was cold & wet outside, I would just think ‘bugger this’ and quit.

Secondly, someone else would need the job more than me so my conscience would be telling me to retire. I could live comfortably for the rest of my life on £2m, so it wouldn’t be a difficult decision.

I don't know. Lovely dilemma to have though. ☺️ I guess if kids were under 5 I might not work but tbh my work is such a big part of who I am and I've been working since I was very young. Not sure if I could handle not working tbh. I get the thrill of the deal etc.

Maybe I'd slowly take my time and find a gig with less pay but more rewarding mentally. 30 hours a week. That's a good compromise. ☺️

That's hilarious, I presume you think that isn't enough to live on. Almost twice what I earn in a highly skilled NHS job with 30 years experience!

it's all relative.

If a poster is used to live on a lot more than that after tax (it could be from joint income), and they are young enough, you could understand they don't really want to downsize their lifestyle.

Still a great amount to win, but not necessarily enough to retire, especially if you have kids.

If you have a sudden amount of money, the first thing you do is not looking at cheaper properties and how to downsize is it?

What does the husband do?

If that was us, I think I’d quit but my husband might carry on or possibly vice versa. I think it would be hard to justify both of us working and the juggle/stress if we had £2m and a mortgage free house. But I also think the working person would get a bit resentful of the non working person.

£2million isn't enough to sustain our lifestyle until pensions kick in and so no I would stop work

But I also think the working person would get a bit resentful of the non working person.

😂 a tad!

hardly sounds fair!

How old am I in this scenario? At my age (45), I think I’d work FT for another 10 years and then retire early.

Unless you are spending capital how do you get 180k tax free?

@LindaEllen

I'd work but not full time. Two million isn't that much these days if you want a reasonable lifestyle and holidays plus retirement as you wouldn't get a pension if you didn't work.

Blinking heck. 2 million is more than enough for a lifetime!

I'm flabbergasted by the 'two million isn't enough' crowd. I couldn't spend that much in 40 years.

@toconclude

I'm flabbergasted by the 'two million isn't enough' crowd. I couldn't spend that much in 40 years.

If there’s no inflation over that time then you’d be able to live in 2mil for 40 years, as that’s 50k a year. However, inflation is a fact of life. When I was 25, I bought a house for 20k. That house would now cost 350k to buy 35 years later. I wouldn’t be able to afford that house now although my salary has increased by 300%. That’s inflation for you.

@motherloaded.

I’ll never agree with buying your kids a house and paying for their university education. My point is that it’s not a necessity, somebody who claims 60k isn’t enough to live on is probably wanting more for reasons such as this.

No way

@toconclude

I'm flabbergasted by the 'two million isn't enough' crowd. I couldn't spend that much in 40 years.

I don’t own a house so the first thing I would do would be buy a house, for a nice detached 5 bed house with a bit of land here is over 1 million, I would then want a nice car and a couple nice holidays. I’m only 39 so what ever money is left isn’t going to last another 40+ years, keep my 1 million house up together, allow me to have 2 holidays a year and have money left for my dc when I’m gone 🤔.

2 million isn’t that much and I’m sure loads of people have that kind of money and still work.

2 million isn’t unlimited money so I’d definitely do something work wise. Probably expand my business but delegate more. I’d invest quite a bit of that money too because it’s not going to do anything for you in the bank.

With all that money I couldn’t get bored. I’d be too busy living life. Although 2mil wouldn’t be enough for what I have in mind, can we up it to 20mil?

If not I’d invest 1mil and work 2 days a week for the social aspect.

I would finsd to do, I want to study Tudor History, want to have some dogs etc.I also think as there aren’t enough jobs to go around it would be better to let some mine else have my role.

Absolutely not or part time!

I'd still put the kids in nursery some days and enjoy me time. Go to the gym, get my hair done a lot, go out for lunches. I'd go lots of holidays (when covid allows). If i was still a bit bored I'd do some volunteering or long term think about doing some property development.

I hated working part time so would continue to work full time, travel in my holidays and then retire early

How old are you? What job? Two young kids could be 23 or 43. That's an extra 20 years for the money to sustain you. Do you have a partner? Part time as a lawyer Vs part time in Tesco

I'd invest a good chunk in a way that provided a "wage" so you had a set income coming in and it lasted. Something like equivalent to 30k a year, and then look at what extra income we needed on top for the standard of living. I'd make sure the car was up to scratch and all the furniture we wanted etc then use the monthly salary for bills and fun

I would start a rabbit rescue and rehoming centre - they’re the most neglected pet

I wouldn’t wait for them to be handed over either, I’d spend my time stalking around peoples back gardens and just pinch them.

Would I fuck

Same

No way

Me three. Though I am older so the money would probably last me. Would want to leave something to DC so they could go part time/quit work in later years