What would you do?

[furMum19]

So my other half feels fairly positive he will win the lottery tonight... he's had a few beers! Love the positivity but begs the question... what would you do if you won 113 million? My first thought was to make sure my pension was sorted (I'm 38 but have worked in that industry and seen how little people get from the occupational pension) his first thought was to give 5 million to the Edward Foundation (bulldog charity), second thought was Range Rover and sort his friends and family out. I said I would give my friends 100k at the beginning to ensure they were financially comfortable. My thought process was that I wanted to ensure they were ok but didn't want to change their lives to the extent of anything jeopardising their happiness. Just wondering what others would do? To me, my thought process is to work back from old age and go from there. I know that 113 million is a considerable amount of money, It's almost too much to contemplate what you would do!? But interesting to know what others would do...

At that sort of money you can invest it and live off the interest without even touching the actual capital - even at a conservative 3% drawdown rate you could have a yearly income of over £3Million for the rest of your life, and still have the entire £113M left to pass on when you die.

Very first thing is I’d get proper financial advice so I’m investing in the most tax efficient ways.

Then I’d backflip out of my work office door giving everyone the middle finger on my way out.

Then I’d set up some sort of trust to provide for friends and family in the most financially efficient way - I have a few close friends and family who I’d want to make sure never have to work again if they don’t want to; and for others I’d have it set up for generous birthday/Christmas/wedding etc presents. If this trust is set up correctly it should be self sustaining off the interest.

Then I’d set up a charity, probably again in some sort of trust, and hire someone decent to run it for me and advise etc while I got to feel the warm fuzzy feeling of Doing Good for little effort.

I’d buy a decent but not ridiculous house, car, and get a cleaner and gardener who I would pay very well. Plus maybe a PA who hopefully could keep my shit in order better than I can.

I would possibly allocate £1M in its own account and allow myself the interest each year (around £40K) to piss up the wall for a while on holidays until I got it out of my system.

My first move would be to seek the advice of a financial advisor. If invested wisely the interest alone on 113 million would be more than most could hope to earn in a lifetime.

I would buy the home of my dreams, kitted out with a state-of-the-art recording studio where I would spend my time making music.

I would travel the world, potentially buying homes in the places I connected with most.

I would give 5 million each to Bliss and the Cochlear Foundation - my DD spent the first 14 weeks of her life in neonatal intensive care and received cochlear implants after she was born profoundly deaf, so these charities mean a lot to me.

I work for a literature development agency and I would give a further 5 million in grants to help support talented emerging writers.

I would give close friends 1 million each and set my DD up for life.

I would have a nose job, get my teeth fixed, have laser eye surgery, invest in a personal trainer, nutritionist, and anything else that would help me look and feel my best.