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£1,000,000 - what would you do?

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gloswhite
Hipster_Nebula
largehat
7 posters

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1£1,000,000 - what would you do? Empty £1,000,000 - what would you do? Fri Jul 27 2012, 19:34

largehat

largehat
Frank Worthington
Frank Worthington

I've just nipped to the shop to buy a few tickets for tonight's unique EuroMillions lottery draw. Besides the usual prize structure, there is also a raffle ticket number on each ticket.

If you haven't heard about it, there will be a guaranteed 100 UK millionaires created tonight from the raffle ticket numbers.

Clearly, the odds of winning are tiny, but that didn't stop me handing over 6 quid for 3 tickets, or thinking about what I would do with a million quid. So, walking back from the shop, this is what I decided.

£60,000 - pay off existing mortgage/other debt

£500,000 - buy four 1-bed apartments in counties such as Buckinghamshire or Hertfordshire to create a monthly rental income of around £3,500, which I would then live off and then retire, to have a very nice lifestyle watching sports and seeing more of the world. Then when I reach normal retirement age, I would sell the flats.

£50,000 - gift to my brother

£25,000 - gift to my mother

£50,000 - smaller gifts to close friends

£125,000 - sell my existing house and add this to the proceeds to have a better house

£3,000 - laser eye surgery

£50,000 - speculative and long term investments

£20,000 - very nice car, probably a BMW

And then bank the rest - about £100K.

What would you do with £1,000,000 if it landed in your bank account, tax free, next week? OK I know half of you will say things like take out a contract on Owen Coyle, but what would you really do?

2£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Fri Jul 27 2012, 19:42

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse

I'd be able to live my Route 66 dream, I'd actually probably take a boat over to New York and drive from there to LA.

3£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Fri Jul 27 2012, 19:52

gloswhite

gloswhite
Guðni Bergsson
Guðni Bergsson

I've been thinking about the 105 million, and would give each of my siblings, and my wife's, (plus my 7 week old grandson), a million each. That comes to 9 million. We would then bugger off around the world, First class in everything, (until we got fed up with it), whilst we decide who to help, and how to ensure we , my kids, and theirs, have an income for life. I would also have a top-to-toe medical, with the aim of fixing everything they find, plus the things I already know about. Buy a nice house, with my own chef, and trainer, along with a house keeper. I would probably look to help the minor charities, and the poor souls you hear who have nothing, and need this, that , or the other , which they cannot afford. Also, because of the brilliant service, and help, I have had over the lat year or so, I would make a serious (another million or more) donation, to the main hospital in town. If it wasn't for them, I would have popped my clogs some time ago.

If I won a million, I would try to do some of the above, but the first would be self preservation for me and the family.

4£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Fri Jul 27 2012, 19:53

gloswhite

gloswhite
Guðni Bergsson
Guðni Bergsson

HG, I've driven along some of route 66, and if you don't have the history for virtually every mile, then its just another road.

5£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Fri Jul 27 2012, 19:55

Bernard Dennis Park

Bernard Dennis Park
El Hadji Diouf
El Hadji Diouf

I'd pay my mortgage off and put the rest in the bank and live off the interest.

6£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Fri Jul 27 2012, 20:02

gloswhite

gloswhite
Guðni Bergsson
Guðni Bergsson

Bernard, Good idea, but I only have 10K to pay on mine. However, like yourself, I may well hang on to a fair chunk of it, to see what the future throws at me.

7£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Fri Jul 27 2012, 20:03

Keegan

Keegan
Admin

$139,701,072.39 in Jamaican currency.

* I'd buy an undeveloped beachfront property and set up a facility that overseas-based sporting organizations can use for training in off-season/winter.

* Start my own football team to eventually compete in the National Premier League here.

* Build myself a very comfortable home which won't cost more than $12 Million.

* Buy a season ticket to see Bolton and come over every now and again to use it.

* Open a Karaoke/Titty bar.

* Set aside $10 Million in a fixed deposit for a rainy day.

https://forum.boltonnuts.co.uk

8£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Sat Jul 28 2012, 01:18

Angry Dad

Angry Dad
Youri Djorkaeff
Youri Djorkaeff

Sell my house and everything else buy a villa on the florida key's and stay there.

9£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Sat Jul 28 2012, 10:07

gloswhite

gloswhite
Guðni Bergsson
Guðni Bergsson

AD, can we come and visit?

10£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Sat Jul 28 2012, 10:21

Guest


Guest

I'd buy myself onto the Bolton board and take them down from the inside. Although I suspect Owen Coyle is on the same mission.

11£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Sat Jul 28 2012, 11:10

gloswhite

gloswhite
Guðni Bergsson
Guðni Bergsson

BH, unfortunately, I think you're right

12£1,000,000 - what would you do? Empty Re: £1,000,000 - what would you do? Sat Jul 28 2012, 13:10

bwfc71

bwfc71
Ivan Campo
Ivan Campo

1. Pay off my mortgage

2. Pay off my sisters mortgage

3. Gift to parents

4. Buy a house in Port Douglas

5. Invest some (Buy-to-let properties in UK)

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