Unlike the Barenaked Ladies I probably wouldn’t buy a green dress. Or a monkey for that matter.
With the recession biting, Christmas on the horizon and all the talk on the news today about the Euromillions winners, people up and down the country will, no doubt, be thinking about what they would buy if they ever won the lottery.
I am one of those dreamers. One of those “ooo, what would I do if…” people who dream and yet never bother to take that first step. The buying of the ticket.
However, putting that aside, humour me while I make a list of “things I would do if I had £1,000,000″.
1. Pay off personal debt including student loan, overdraft and credit card.
2. Pay off parent’s mortgage to provide security into old age
3. Purchase 2 bedroomed house somewhere lovely. No more that £400,000 to be spent. Rent out until such a time I can move to the countryside – use rent to cover personal rent in London.
4. Donate £100,000 to my local rugby club so we can build the bloody extension
5. £150,000 into high interest savings account for children’s schooling
6. £10,000 spending spree
7. £100,000 charity donations.
8. £20,000 x 3 into high interest bank accounts to gift to various friend’s children on their 18th birthday (for use, of course, on something completely worthwhile. Like a car. Or a gap year. Or er… university)
Wow, that was easier that I thought. A little scary that I can spent £1,000,000 in the space of 10 minutes!
What would you do?
I’d:
pay off debts (approx £20,000 – OMG)
go on a round the world trip and live it up (£20,000 ?)
buy my Mum and Dad new cars and a lovely house in Cornwall (no idea, but £lots)
buy a city centre flat in Manchester (again, £lots)
buy myself a new Mini (£12,000)
treat all my friends to a huge weekend away somewhere lovely (£too much)
charity donations (£100,000)
anything left over I’d save or give away….
I posted mine on my blog…turns out by the time i’d paid off my family’s mortgages i have spent well over half the money. Not good
Well I’d take a limousine to the store and buy djionaise ketchup – obv.
After that,
Weekend away for mates, prolly cornwall (£10,000)
Buy ex-rugby team a minibus (no idea)
Buy small flat near parents as start of property empire( 100,000)
Buy even smaller flat for me to live nearer work (400,000)
Buy a couple of twickers debentures (10,000)
Round the world trip (50,000)
Invest the rest I guess.
god I’m dull
Oh should point out that I’m not mean, parents are already sorted out mortgage wise and they’d be coming with me on round world trip
Easy to spend £1M, isn’t it?
1. Build the orphanage in Kisii, but with all the knobs on £15,000
2. Pay of debts and mortgages in UK £250,000
3. Buy used but good condition 7 seat car for UK £6,000
4. Ditto for Kenya £12,000 (high purchase tax over there)
Hmm! Seems there is some left over, so re-roof the UK house, re-fit it and buy a house for son & family.
Residue (I wish) goes into interest account.
And I do buy a ticket, but have never won more that £80.00, which didn’t go far.
Of course, it is one thing to build an orphanage, but it still requires £££ to run it, staff, food, services, etc., so I guess the interest from any residue will go towards that.
oooh i’m going to copy you!
What would I do????
Hide it from my wife so it didn’t get spent within the first 10 minutes just like you did!!!
LOL
and I don’t think I’d give £100k to charity…
Call me greedy but hey…
I’d just like you to pop up the details of these “high interest accounts” you mention Nutty if you wouldn’t mind.
6% would be ok – on £150,000 that gives me £9,000 a year. I can work with that.
You forgot £500,000 to the Millennium Housewife Retirement Fund, please adjust other amounts accordingly, there’s a love.
A nice flat (nothing too expensive), some money for my family and hopefully enough capital to help start up my 90s themed bar…
6%!!! Where in heavens name will you get a 6% guaranteed return?! And I don’t want to throw a big wet reality blanked on the festivities, but in order to actually walk away with a cool million here in the States, you’d have to win close to $2 million to cover the tremendous tax hit.
My wish list? One word: WEED!
Well done Moo, that’s a very nice and selfless list.
I’d probably just spend it all on sweets and toys like I always do. Still; you can’t take it with you, as my grandparents never tired of telling me. By satellite phone. From their villa on the moon.
Id buy myself a beach hut somewhere and have enough money to spend every weekend there relaxing.