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Original poster

To be a bit depressed by the Euromillions story?

386 replies

MobLife · 19/05/2022 20:49

I find myself wishing I knew nothing about it and hadn't read the story about the winning couple!
All day I've been ruminating over that extraordinary sum of money and what it must feel like....it's left me feeling really flat especially when the imagination suddenly dissolves and I'm left mulling over my actual reality of bills and debts and whatever.

It's not even like I have a bad life in so far as I've got a roof over my head and a secure job, no posh holidays or particular luxuries but in the fortune position of not having to worry too much about the food bill and can have a meal out once in a while. And we're all healthy which £184million cannot buy.

The irony is I don't even play the bloody lottery!!

But yeh, very very flat

OP posts:
SlightlyGeordieJohn · 20/05/2022 13:02

Classica · 20/05/2022 13:00

It’s ludicrous to suggest that someone buy a house for their ex once they have split up and finalized the arrangements.

Is it?

Assuming it wasn't an acrimonious split and also assuming I vaguely fond feelings for them I'd happily bung them £300,000 in such a situation.

Well yes, if you make assumptions that justify the way that you want to argue then of course it changes things.

What about if we instead make the assumption that she was physically abusing him and cleaned out his bank account when he left?

suchasadcliche · 20/05/2022 13:04

Why would you feel flat about that? I read that story and thought lucky them! Also, they have gone public because they want their families to know.

Classica · 20/05/2022 13:06

SlightlyGeordieJohn · 20/05/2022 13:02

Well yes, if you make assumptions that justify the way that you want to argue then of course it changes things.

What about if we instead make the assumption that she was physically abusing him and cleaned out his bank account when he left?

Show quote history

Well the fact I said I'd do it if things were amicable rather implies I wouldn't do it if they'd shagged my best friend or ripped me off...

LauraNicolaides · 20/05/2022 13:09

BananaShrimp · 20/05/2022 12:56

They were super rich to begin with weren’t they? I guess money attracts money. Honestly I’d rather have seen it go to someone who was struggling.

Isn't awful? The way these huge sums of money get allocated is totally unfair. It's an absolute lottery.

Blossomtoes · 20/05/2022 13:09

Exactly @Classica. My ex and I are friends, no way would I see him homeless if I had more money than I could ever realistically spend.

x2boys · 20/05/2022 13:10

howler21 · 20/05/2022 11:42

A million may not be a lot to some but it absolutely WOULD be life changing for me. I’d be able to buy a nice big family home outright in a naice area of my north-western city for £500,000. And I’d have £500,000 leftover. Not to mention I’d have no mortgage so month to month I’d be better off.

Not everybody lives in London.

No we don't live in London ,I live in the northwest and a million could buy me a very nice property and we could have a nice comfortable life with no worries ,
But not the ultra luxurious life ,with holidays and yachts 184 million could provide me with 🤣

Blossomtoes · 20/05/2022 13:11

They were super rich to begin with weren’t they?

I don’t think owning a £600k house that stretched them is super rich.

BananaShrimp · 20/05/2022 13:15

That’s more than double the average house price so yes they were rich to begin with.

SlightlyGeordieJohn · 20/05/2022 13:18

BananaShrimp · 20/05/2022 13:15

That’s more than double the average house price so yes they were rich to begin with.

The claim was “super rich”. A £600k house is far from evidence of that?

SlightlyGeordieJohn · 20/05/2022 13:21

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

I’m exceptionally good at my job, whereas you seem to not even understand the very basics, and have got yourself confused between yield and interest rate.

I’d offer to explain, but I think it’s maybe beyond you.

LauraNicolaides · 20/05/2022 13:29

SlightlyGeordieJohn · 20/05/2022 13:21

I’m exceptionally good at my job, whereas you seem to not even understand the very basics, and have got yourself confused between yield and interest rate.

I’d offer to explain, but I think it’s maybe beyond you.

Show quote history

I've got to agree with @Blossomtoes on this. It would be crazy to have £184m and put it safely on deposit. They should be achieving considerably better than 2% (which really isn't difficult).

LauraNicolaides · 20/05/2022 13:31

SlightlyGeordieJohn · 20/05/2022 13:21

I’m exceptionally good at my job, whereas you seem to not even understand the very basics, and have got yourself confused between yield and interest rate.

I’d offer to explain, but I think it’s maybe beyond you.

Show quote history

PS I think you're wrong about @Blossomtoes being confused about yield and interest. She says her portfolio yields 3.5%. If in fact she has a deposit paying 3.5% interest would she mind sending me the details Grin

SlightlyGeordieJohn · 20/05/2022 13:32

LauraNicolaides · 20/05/2022 13:29

I've got to agree with @Blossomtoes on this. It would be crazy to have £184m and put it safely on deposit. They should be achieving considerably better than 2% (which really isn't difficult).

Show quote history

The claim that I was responding to was that you can get 2% interest on it.

You can’t.

If you are willing to risk some of the capital then you can likely get a yield of higher than this, but that’s not interest.

I know that some people don’t understand the difference, but in that case, why try to argue the point?

dottiedodah · 20/05/2022 13:33

They said they wanted to share some of it between close friends and family though. Went public, as they felt it would be difficult to keep it a secret from their family group. They seem a nice enough couple .The whole thing with Camelot is they can say "look everyone ,its not you this time ,but keep playing and it could be your turn next! When realistically the odds on winning anything at all are really low!

LauraNicolaides · 20/05/2022 13:36

SlightlyGeordieJohn · 20/05/2022 13:32

The claim that I was responding to was that you can get 2% interest on it.

You can’t.

If you are willing to risk some of the capital then you can likely get a yield of higher than this, but that’s not interest.

I know that some people don’t understand the difference, but in that case, why try to argue the point?

Show quote history

The claim that I was responding to was that you can get 2% interest on it.

You can’t.

Ok, we agree (except she made no such claim! Read what was written.)

SlightlyGeordieJohn · 20/05/2022 13:40

LauraNicolaides · 20/05/2022 13:36

The claim that I was responding to was that you can get 2% interest on it.

You can’t.

Ok, we agree (except she made no such claim! Read what was written.)

Show quote history

The line was “Just the simple interest for a year on £92 million is £1.3 million at a very conservative 2%” I pointed out that you can’t get 2% interest on that, after which several people claimed that you can.

So yes, the claim was that you can get 2% interest.

LauraNicolaides · 20/05/2022 13:49

SlightlyGeordieJohn · 20/05/2022 13:40

The line was “Just the simple interest for a year on £92 million is £1.3 million at a very conservative 2%” I pointed out that you can’t get 2% interest on that, after which several people claimed that you can.

So yes, the claim was that you can get 2% interest.

Show quote history

Well now I see someone has requested that a crucial post be deleted, I suspect the issue is a bit sensitive, and better avoided!

Anyway, we agree I think that 2% interest is not an option (yet). Someone with net worth at this level, though, would almost certainly be poorly advised not to have most of their money in equities most of the time, with a much higher yield.

Blossomtoes · 20/05/2022 13:50

You’re nitpicking @SlightlyGeordieJohn. I should have said return, not interest. I didn’t realise I was dealing with someone with a degree in pedantry. My mistake.

SlightlyGeordieJohn · 20/05/2022 13:53

Blossomtoes · 20/05/2022 13:50

You’re nitpicking @SlightlyGeordieJohn. I should have said return, not interest. I didn’t realise I was dealing with someone with a degree in pedantry. My mistake.

You insulted me based on your own ignorance, and now have just made yourself look stupid by insulting me again rather than apologizing.

You chose to try to belittle me despite me having posted something accurate, and your post was rightly deleted.

dottiedodah · 20/05/2022 13:53

Keladrythesaviour This ! very well put and sums up my feelings too.

Blossomtoes · 20/05/2022 13:53

Blossomtoes · 20/05/2022 13:50

You’re nitpicking @SlightlyGeordieJohn. I should have said return, not interest. I didn’t realise I was dealing with someone with a degree in pedantry. My mistake.

I expect whoever reported my previous post will do the same with this one now. 🤷‍♀️

Original poster
MobLife · 20/05/2022 14:11

LittleScottieDog · 20/05/2022 11:26

Does anyone else remember the TV programme 'At Home with the Braithwaites'? The mother won some massive amount in the Euro lottery, went public and set up a charitable foundation. But the family ended up having loads of problems and there were issues with keeping the money because the ticket was bought by a minor.

This thread reminded me of it.

I LOVED that show!! It was hysterical!

OP posts:
the80sweregreat · 20/05/2022 14:17

I loved 'at home ' too
It was funny

emuloc · 20/05/2022 14:17

suchasadcliche · 20/05/2022 13:04

Why would you feel flat about that? I read that story and thought lucky them! Also, they have gone public because they want their families to know.

Oh, they could always have used a 📞and called them instead.

Notjustanymum · 20/05/2022 14:22

@BananaShrimp They've been married for 11 years, and in that 11 years their house may have doubled in value! We’re not rich by any means, and we live in a house that’s now valued 7 times what we paid for it (25+ years ago), and it was a stretch for us to get it at the price it was back then…
Our salaries have increased since we bought the house and moved into management roles in both our careers, but nowhere near at the rate that house prices have climbed.
If we were to start again, with, say, 25% deposit on the current value, as we had on the original value, when we moved here, there is no way we could purchase our own house!
People (and newspapers) conflate housing value far too often with the notion of “riches”, but unless you sell the roof over your head, the property value has no bearing (except for the much higher costs that you have to pay for Council Tax Etc.) on your disposable income (unless, of course, the plan is to sell it and move to a less expensive area - leaving your life, employment, friends and family far behind…)
That being said, they are definitely rich now - and I sincerely hope that their decision to go public doesn’t cause them problems in the future.

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