If you won a million, what would you do with it?

[Trekkerbabe]

Not that I have or anything!

Just interested in what folks would do with that amount of money!

Pay off my mortgage, get a new car, go on holiday, invest in our business, save whatever's left.

£1 mill doesn't go that far when you think about it!

I'd move house - my ideal house in this area would be about £700k so that would be a big chunk of it spent. Probably get a new car, and some nice holidays for the next few years.

I could easily retire on that but many couldn't

I'd move to a big lovely house, and give my siblings and parent a decent chunk.

@Trekkerbabe

Not that I have or anything!

Just interested in what folks would do with that amount of money!

Did

😄 oops.

Did you win this month's Premium bonds draw?

Pay off mortgage, extend home, (that's easily £300,000 gone)

Set up some sort of sensible savings vehicle for 2 x DC

Gifts to younger family members x 7

Try and use some to set up some sort of passive income stream, and sort out pensions etc.

DH could return to his creative job on a PT basis. He's doing the same job but in a corporate environment and FT.

Charitable gifts.

Retire.
We’re quite close to it already though so wouldn’t need a big push to bring it forward.

Buy 2 houses. One to live in and one to rent out.
Then I would carry on working and just live without the stress of not having a safety net.

@BreakingUpWithMyPhone

😄 oops.

Did you win this month's Premium bonds draw?

Not a penny unfortunately!!

buy a bigger house and change this mortgage to a buy to let. Find loud tenants with dogs and children to annoy loud dickhead neighbours 🤣

Find nice part time term time job and stop childminding.

adopt more dogs and bring my 14 year old niece to live with us as we would have space and could afford the therapy she needs (huge back story).

Clear debts
Stop renting and buy a house
A large chunk for pensions
Family holidays..not extravagant
Rainy day fund

Pay off mortgage

Go on so many holidays

In reality I'm in tax credits so are you allowed to do that I don't know 🤣

Pay my father in law enough to cover my mother in law's nursing home fees. It would be such a tussle to get him to let me do that but I hope he would give in eventually. It's 1400 a week and she's been there over 2 years already.

Pay off my boyfriend's mortgage.

Get some major house works done i just can't afford rn - replace floors upstairs, replaster my bedroom, fitted storage in my bedroom, paint. Probably around £20k worth.

Talk to my boss about going part time again, though I doubt I could, there's so few of us at the moment.

Plan to retire at 60 not 67.

Get an electric bike.

Hire a personal trainer.

@frazzledfragglefromfragglerock

£1 mill doesn't go that far when you think about it!

No it doesn't.

I was trying to figure out whether a) paying off debt or b) investing would be the better option.

I probably wouldn't be able to retire though (I'm 49)..

As pp. Pay off mortgage. Buy new car. A few holidays. Add to Pensions. Put more money in premium bonds.

And live off dh’s salary while i retrain.

Pay off my mortgage, give up work and spend my days doing my hobbies.

Pay mortgage off, buy a new car, a lovely holiday, some savings for us for the future, some savings for the kids, have the garden landscaped, possibly invest in a buy to let, best stop there as I’ve probably spent it all.

Pay off mortgage, buy a more reliable car, buy a house to rent out for some regular income and as an investment/ for kids when they're older. With the mortgage paid off I'd have the space to study for a Masters, rather than taking on a 3rd (soul destroyingly boring) job to cover the bills. Take the family on an amazing holiday. Would probably put the rest into my non existent pension pot for now.

The official plan is to pay off debts and allocate some money towards the kids eventual cars, education, wedding and house deposit. After that, arrange to buy the house we're renting, freshen paint and flooring, and convert an outbuilding into a studio/office. Maybe shoehorn a dishwasher in somewhere...

@BlueBlazerBlack123

I could easily retire on that but many couldn't

Ha this sounds arrogant reading back! I just meant I live a simple life in an area that could let me stretch that amount for a long time.

Buy a home for me & ds, no more than £350k, a small place at Filey for holidays £150k furnish both & invest the rest.

Buy a nice house in an area with a good school. Invest / save the rest.

@Chewbecca

Retire. We’re quite close to it already though so wouldn’t need a big push to bring it forward.

Ditto