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.

It would only cause problems if you told people 🤷🏻‍♀️

I'd be willing to chance it!

Because you'd just won 110 million? 🤣

I’ve pondered this and I think the only option for me would be to not tell anyone. I’d give most of it away anonymously to charities etc, and put some in savings, make sure I had a really good pension and pay off mortgage but no one would know. Then I could help any friends or family who needed it down the line and just say I had some savings or investments, but not make an announcement that would change how people saw me. It’s not that I wouldn’t want to share it but that it would change your relationships with people and make them feel beholden or resentful. Or what if you gave someone a ton of money and they became an addict or something and you’d be responsible?

If people's kids wouldn't notice if they'd won 110 million, would they even be capable of passing an exam?

It would take no time at all for really bad people to find out about how rich your child's parents are and kidnap him/her for ransom - and kill them anyway.

You think rich peoples children have the freedom to do those things without safeguards?

Mine wouldn't. He'd study with renewed vigour knowing he couldn't go to university and do his much longed for PhD without the burden of huge debt

It’s an obscene amount of money. I honestly wouldn’t know what to do with it. I think I’d sit with it untouched for a while before making rash decisions. It would seriously panic me to have quite so much cash. I also think people around you change. I remember reading about a guy who genuinely wanted to carry on living his life like normal but people he thought were good friends started turning on him and actually got quite vicious.

You can do a funded PhD. I was paid to do my PhD.

I just don’t know how you could realistically hide it unless you already led a very solitary life. Once people find out it would spread like wild fire. I’d want to help people financially but how do you decide how much and to whom? Then the inevitable bitching would start, oh so and so got a million more than me, how unfair etc…..

No, I’d be happier with something like half a million which would make an enormous difference but far easier to keep quiet.

I’d get them a future if I won that money . They would still need to study for exams get there education .
The rest would be living . Wouldn’t cause me any problems I couldn’t deal with .
Would be bliss !

I see what you mean op - but if I won, or had, that amount of money I would put almost all of it in a charitable trust and have great pleasure finding charities that can transform lives and also our environment to donate it too

I volunteer for a small charity that is genuinely transformative and even though we operate in an area on the coast with lots of "lottery win wealth" size houses we never get any donations

Look at statistics. The vast majority of people fritter lottery money away on a space of a few years. 110 million doesn't stretch as far as you might think. Especially if one thinks they have access to unlimited money. But it's not unlimited, is it?
The kid isn't going to go backpacking through Europe on this money, they would want to go to Maldives or Dubai and stay in premium hotels, dine out every night and raid designer shops. A house in London will set you back 5-10 million. Again, they are not going to want a three bed mid terrace. Someone mentioned the kid might be able to start a business. What business without education?! And how much investment will this business require?
We are looking at, at best 25 years of financing if we assume a conservative spend of 2million per year for the child and the same for parents. Then what?
Look at children of wealthy people. Most of them are in education. Private schools, top universities abroad. Those who aren't, have a drug problem or similar.

I know the PhD can be funded. It's the student debt at undergrad I was referring to

(If I won euro millions I would fund a bunch of PhDs and undergrad scholarships)

Why do people ‘go public’ with it? I remember now seeing people on the news with the big cheque, hardly ever see it anymore. Do you get more money? Presumably so.
I think 111 million is too much to land on your plate overnight at once. Different if you’ve grafted to get your business to that place having put blood sweat and tears into it. A lottery win is different in that it’s instant gratification.
I’d have to spend it all as quickly as possible (I’m sure I could manage 😂), maybe leaving a couple of million in reserves to see me through to death comfortably. Would give as much away as I could to ensure my loved ones were mortgage free.
genuinely don’t think I could handle it though! I don’t play anyway so not ever going to happen.

"Bad people?" 🤣

Hi @Davros I know we don't know each other very well but I was wondering if you could possibly donate a small amount towards buying this https://www.amazon.co.uk/murr-Interactive-Cat-Toy-Battery-Operated/dp/B0FKTBLCQK/ref=mp_s_a_1_15?adgrpid=187827869033&dib=eyJ2IjoiMSJ9.u1hDqnl24Kv1Q5HViAzLjridbz-4M3u7OEeLOiJTQkCK0QOM4ZDVvnl5adqaBdPvhIvd0I2SzL8Xw-RNfSr04i_wF-YuP6QyJ6_HhlD0WNthY2sHYa4PcH3ugfUoEKhf2MzG4vaQuGqxO9GWMjLJVnfNGq4g1V5s76gFUhizcIzbkxY6oLnp5A83b7jvO-1y63vIGjuE5IA3lQ2R6bfQ6g.uTEYLZkcrJ-8ZkzWhh8r2nwZKW3wnkK_cZrzEGRY0Fw&dib_tag=se&gad_source=1&hvadid=793449357345&hvdev=m&hvexpln=0&hvlocphy=9046634&hvnetw=g&hvocijid=8463911221167036545--&hvqmt=e&hvrand=8463911221167036545&hvtargid=kwd-508995845&hydadcr=18413_2425705_381705&keywords=cat+laser+toy&mcid=39f18c2ec4ad3f5f8121eacb533d476e&qid=1790407667&sr=8-15 for my cat , I of course don't expect to to pay for all of it and promise I will send you funny cat videos once I have saved up enough to buy it.

😹😹😹😃😃😃

I think it's too much to win

Far better for 10p people to win £1,000,000

110 million doesn't stretch as far as you might think. Blimey @Catza, I know the cost of living is high but where on earth do you live????

This is the premise of this book. Really interesting about differing views, impact etc. A great read.

www.adeleparks.com/just-my-luck

You don’t have to tell everyone that you have won this money or flash it around. Don’t tell your children until they have finished their studies and mature enough to keep a secret.

I've posted this on MN before - but if I won a daft amount of money on this scale I'd put most of it into sponsoring a British university engineering department to lead the design and build of the worlds fastest steam engine. The current record of 126mph was set in 1938. About time it was smashed. Be nice to achieve something interesting before I snuff it.
Still be plenty left for a comfortable life.

The other thing people forget is that with an £111 million lump sum - a 5% return would give you £106,000 a week in interest. Don't think you'd need to worry about pensions 😆

I’m still reeling from my win last night-£2.60. What to do with that 10p profit is taxing.

I never understand why people go public with a big win - first thing you’d have to do is get all your post directed somewhere else and employ a person to deal with all the begging letters. I assume the lottery people make a big deal about it and persuade winners it’s a great idea.

i just checked. It wasn’t me but if it was, I think I would have had a heart attack and died.

Many years ago now, I was called in to type up a personally important document by my friend, who was caretaker of the mansion of a business partner of Mr Trump.

Building works were taking place and so I was let in via the rear door of the main house instead of the janitor entrance, which was my usual point of entry.

The Lady of the House, an extremely wealthy woman in her own right, had forgotten I was due to arrive and her reaction when she caught sight of me, carrying a large, dark box (my typewriter) was one of instant fear and horror.

In that first second, she perceived a threat, a bomb in my hand, and fell back against the kitchen units in plain terror. It is a memory that has remained with me all down the years.

Only later did I come to understand that her son had been the intended victim of a kidnap plot, she herself was not immune from family rivalries and jealousies and they all lived in a perpetual state of wariness and stress.

The bottom line is this - would living in a gilded cage make me happy? No, thank you. I prefer to live a relatively unassuming, ordinary sort of life with enough money that i don't have to struggle but not enough to make me anyone's target.