To think winning £110M overnight would solve a lot of problems but bring a whole set of new ones?

[SereneFinch]

Someone in the UK won £110M last night and I was just thinking about how they’re feeling this morning.

All your money worries are gone, you can buy a nice house, quit your job etc.

But I wonder if those problems are replaced with new ones. Some people in your life might be jealous. Or expect handouts and get angry about who gets what.

And then your DC. Do you tell them they still need to do their homework? That they’ll still need to have a job/career one day?

I’m not saying it wouldn’t be great, I'm just wondering if it swaps one set of problems for another.

But what a lovely problem to have…

To have the freedom to choose though, would be a wonderful thing. If you still wanted to work or volunteer there would be nothing stopping you.

With that amount, you could do some pretty amazing stuff for yourself and loved ones and then change lives for people who really need it

It would be emotionally very intense, and extremely weird. Some people do choose to stay in their regular life just with a massive bank balance.

Just tell people you won the million. That's not lots of money anymore. Particularly in the south of England.

I’m pretty sure I could figure it out

I cannot think of many problems that this amount of money wouldn't solve. Yes it would possibly come with new difficulties but also the luxury of choice which would make those new difficulties seem like minor inconveniences.

I think those are problems I could handle!

I think having a lot of money does create problems in your relationships, if people realise then there starts to be a lot of hinting/outright asking for financial help and gifts. A certain kind of person will always want money from you, but will also resent that they “have to” ask for it, and think that you should be giving them more, so the relationships become very odd.

You also have to worry more about security - if you suddenly have enough wealth to be worth kidnapping for ransom then you need to consider all of your movements and how much security you might need.

It’s also hard to bring up kids sensibly if they know that ultimately you can just pay for anything, and buy them out of trouble.

We have a lot of very very wealthy friends, and while we enjoy visiting (and I occasionally wish we had a private chef) I’m not sure we would overall be happier with that kind of money.

I'd have learned to live with any potential problems if it had been me who had won.
Sadly it wasn't.

If I went in now and told my DD we’d won the lottery, I can guarantee she would put down her A level coursework and refuse to ever pick it up again. But I can’t work out if that would be OK or not.

I won £2.60 last night, I’m rolling in it

Having just won £110 million I can confirm I am totally fine with it.

Personally I wouldn’t want to win that amount and yes I would imagine it will cause all kinds of grief with friends, family and everyone you’ve ever known crawling out of the woodwork.

Some people in your life might be jealous. Or expect handouts and get angry about who gets what. That is their problem though, not yours.

And then your DC. Do you tell them they still need to do their homework? That they’ll still need to have a job/career one day?
Why would they have to get a job? They'd be able to pursue their interests, travel, build their own business without fear of not being able to pay bills. Having a job limits your options and time.

It probably will but I think I could cope 😁

I wouldn't tell my DD if I won the lottery, as whether or not she'd ever need to have a job, I still really value education

BBC Aare saying 111 million .Anyway moot point really. I Think it would give u freedom of choice. But yes you would have a lot of people expecting a share.or pleading poverty.or just not wanting to be pleased for u

I think I’d find a way to cope…110m ways probably!

but I wouldn’t be broadcasting it to everyone so hopefully the expectation of handouts would be contained…

I can't remember who the quote is from but
'If you only have one pound you have a lot of problems, if you have one million pound you have a lot of expensive problems'

And to some extent I agree, of course it would be great to not have to worry about paying for the normal household bills, but if you buy a big house your normal bills will be higher plus you'd have the heated pool , sauna , gym, housekeeper, cook, gardeners , cars more pets/ horses and general high end lifestyle things to pay for too.

On top of that you'd of course suddenly have more "friends' and family you haven't seen for years plus begging letters from compleat strangers.

Would I like to win a large amount of money? Of course, but that much , no.

Could you bung me a few mill then please?
I'm a very worthy cause 😂

Of course it would be ok. If you won 110 million, your child doesn't need qualifications. They can spend their life travelling, volunteering, pursuing hobbies, setting up their own business. If they really decide in the future that they want a standard career then there's more than enough to support study.

It wouldn't because she is not the one who won money. You did (hypothetically). So she would have to wait until she inherits it which would be a very long time. Of course, if you were prepared to subsidise her for life, that would be different. But why would you?

Of course it wouldn't be OK, and the best course would be not to tell her.

This. My kids are a bit younger but I wouldn’t tell them, or any family/friends. Most definelty not go public. Just me and DH. We’d likely move to a larger property and over time give up work but we can explain that away as a result of DH job & investments.
Winning the lottery isn’t the cause of issues. Telling people you've won is. Nothing good comes of it.