Neighbour won the lottery, lucky Bas***d but statistically that buggers us up from ever winning it
He won 1.25 million and it was being kept really quiet, but it got out eventually
What would you do if it was you ?
New house, Range Rover and a Lambo or Ferrari ?
Nice place in the sun ?
Go on tell us........
If I had £1.25million I'd buy a house and a decent car. In truth I'd probably use the rest to subsidise my wages for the rest of my life and live fairly normally but as this is a fantasy, a second house after the first one, learn to ride a motorbike and go around the world.
House in Northumberland, house in Northern Spain
finish the Fiat coz I dont work nights anymore......
quote:
Originally posted by perksy
statistically that buggers us up from ever winning it
Medium size house with a huge garage.
Invest half or 3/4 and buy lots of cars with the rest.
I'd payy someone else to underseal my Transit.
One of these and a nice house. The rest I'd invest to give me some petrol money
Clear the mortgage, get a few 2 bed houses near a university to provide an income and dabble in property development with the rest.
That's enough to retire on as long as you are careful.
Atomic kitten, all four.
land and saplings
House with big garage and garden, R33 skyline or a new GT-R, good mig and tig welders, loads of steel tubes and box to make stuff,
Round here, that'll cover most of the 0.25m, leaving the change for investment, property or something probably.
Ooh, and a really nice hat
[Edited on 19/9/13 by blakep82]
Fast women and cars.
Then probably just waste the rest.
I'd finish my Aries.........Then buy a new home and a holiday home in the south of France.
Pay off the house, buy a nicer car and a caterham. Retire on the rest.
Get myself a decent house with a nice large garage (with a 4 post lift obviously!), clear my sisters and mum's mortgages, take my friends out for
a really good night out, treat myself to an Ultima kit car, then get the rest into investments that ensure that I don't have to work again.
As Mark says, you could retire on that much if you're careful. I'd have to be very good on the investments to match my current salary, and
that's a reflection on the state of investments rather than what I earn!!
I will just about have enough to pay off the £10 loan from wonga lol
I'd "invest in Australia", the politically correct description of what the Australian blubberment demand essentially to buy
citizenship.
There would be none of this reality TV crap about decisions of whether to go, or not, I'm gone. Perhaps I don't have the issues of
'normal' people though, my entire family is dead from cancer, only the landlord would miss me (briefly).
What ever is left of mine on this Septic Isle would either be sold, repossesed by the Banksters, or stolen by the blubberment. None of this would
amount to much, so not too much of an issue.
'69 Chevelle
Dodge 2500 Pickup in white
Ultima GTR
Volvo V70R (as the daily)
Finish my car
Finish my house here
Buy a house in the states
Buy a bigger lather, and a mill
What else does a locostbuilder need?
Since I saw a xj6 in the states, fitted with a small block v8 (done so well it looked factory) I have wanted one. Make a superb runabout.
But 1.25mil probably wouldn't go far in terms of house down here. So stay in the one we have, buy an industrial unit to play with cars with my
mates, get the kids off to a start in life and a couple of student houses. Plus regular holidays of course.
The scary thing is a million quid invested in property in only likely to give you 40k a year after expenses, so not exactly a millionaires lifestyle.
As to most other investments, way to scary for me!
Hawk stratos because i could afford the 246 dino engine
I'd build a decent size house with a big garden and a massive workshop/garage
the garage would be near the house but hidden - think 'bat cave'
and of course it'll have a couple of car ramps and maybe a spray booth etc...
next priority would be boosting my income (enough that I could work part time would be perfect)
the leftovers would hopefully get me some toys to put in the garage and finish my projects...
I'm thinking finish the dax and the scimitar then add:
S1 106 rallye
3rd Cossie or escort cossie
Ginetta G40 (with an engine swap to a V6?)
RS 1800
something mid engined - GD T70 ?
put it in the bank for a little bit and live off the interest,
then build something like the HALIN7
quote:
Originally posted by teegray19
put it in the bank for a little bit and live off the interest,
then build something like the HALIN7
^^ what he said, you won't get any real interest any time soon...
most interest rates are 1.5% max - that would only give you ~£18k a year before tax
the ns&i income bonds (max. £1M per person) only pays out £12.5k before tax!
but having that much cash opens the doors to more fruitful / exotic ways of making cash...
[Edited on 19/9/2013 by mcerd1]
I thought id geek it up and do some sums.
(all prices based on my local area)
£400k = 10x £100k houses/flats on a 60%ltv
Rent would be about £550 each.
HSBC have a 2 yr interest only mortgage at 1.5% (HSBC), meaning £75 per house.
10 houses would earn you £4755 a month, even with 10% taken off for insurance, mangment fees, repairs etc, would still give you £42k a year before
tax. Considering you would likely be mortgage free on your own house (or mortage it and invest even more in other property) thats a pretty easy life.
And thats ignoring the likely equity gain that could see the house be worth double in 10-15 years if things even go back to half the rate of increase
we had before the recesion.
[Edited on 19-9-13 by loggyboy]
so most want a new house.
Me.. Well I'd get a luxury world travel lorry and bleep off where no one can find me while I decide what to do..
the worlds a big place...
Well, thanks for making me even more depressed!
I'll let you know what I do with the winnings when I win.....so don't hold your breath
quote:
Originally posted by Benzine
land and saplings
Build a 4 car garage which together with my 2 car one gives six car space - keep my Cobra but upgrade it further with superchager and 7 speed Mercedes auto box, get a CAV GT40, a mark one Escort (Car not girl) with all the goodies, a used Porsche Cayman, a used Porch Cayenne or Range Rover Sport, and then build whatever kit cars catch my fancy - I could very easily become another Scootz given the time and resources. .
quote:
Originally posted by Jamwat
so most want a new house.
Me.. Well I'd get a luxury world travel lorry and bleep off where no one can find me while I decide what to do..
the worlds a big place...
I'd donate the lot to two charities - Cancer Research and British Heart Foundation
Phil
quote:
Originally posted by Hellfire
I'd donate the lot to two charities - Cancer Research and British Heart Foundation
Phil
quote:
Originally posted by joneh
Fast women and cars.
Then probably just waste the rest.
Apart from the boring stuff, I'd flip a coin and buy either an R500 or an Atom.
1.25m may be just about enough to buy a house with a double garage around my way! prices in kent are more than stupid
quote:
Originally posted by scootz
Apart from the boring stuff, I'd flip a coin and buy either an R500 or an Atom.
quote:
Originally posted by cliftyhanger
The scary thing is a million quid invested in property in only likely to give you 40k a year after expenses, so not exactly a millionaires lifestyle. As to most other investments, way to scary for me!
quote:
The scary thing is a million quid invested in property in only likely to give you 40k a year after expenses, so not exactly a millionaires lifestyle. As to most other investments, way to scary for me!
The problem is - working up the 1.25 mil into a salary that is decent by working standards doesn't allow you to spend the time you've gained
by jacking in work doing anything particularly flash! It's alright having the same amount of money as you do now, or even a bit more, but
you've also got another 50-60 hours a week to fill - and no extra money to help create entertainment!
I reckon i'd carry on working at least until I was 50 or even older - but get a slightly nicer house/car and use the extra income to dabble in
expensive holidays / some slightly extravagant hobbies with what little spare time I have - maybe a little bit of rallying or circuit racing from time
to time.
With a massive lottery win (i.e. 10's of millions - Euromillions style) i'd want to basically get into motorsport as a fulltime hobby - and
probably spend most of my time doing that. I imagine that a long weekend can be made of a race meet weekend during the summer, equally for a winter
rally event you could loose a day either side of an event.
That should occupy a fair amount of time. Then there's testing, shakedown events, some good physical training to keep you in shape for the
events. Time back at the ranch prepping cars, etc.
So with a big win i'd probably be buying a decent sized farmhouse somewhere with outbuildings to convert into workshops:
A nice stable of cars for competition:
Mk2 Escort / 1275GT Mini / Focus WRC
Locost / AB Sabre / Radical
Good sized motorhome for carting stuff to events.
And a couple of nice bikes. The kind with pedals.
And probably have a little holiday home somewhere like Greek islands.
I SERIOUSLY need to go get a ticket this weekend.....
quote:
Originally posted by jps
The problem is - working up the 1.25 mil into a salary that is decent by working standards doesn't allow you to spend the time you've gained by jacking in work doing anything particularly flash! It's alright having the same amount of money as you do now, or even a bit more, but you've also got another 50-60 hours a week to fill - and no extra money to help create entertainment!
quote:
Originally posted by Benzine
land and saplings
For me it would be all about not having to go to work again. I could quite happily live on that amount.
I'd buy a nice place in the country with enough room for a decent sized workshop, and invest the rest of it as well as I could.
Give every last penny to charities...
Snigger
Or just get a giant statue made of myself like Kim Jong il
Buy a golf course, then build a house and a nice track on it and just thrash a car all day everyday.
Knowing that i have p***ed loads of golfers.
I hate golf
quote:
Buy a golf course, then build a house and a nice track on it and just thrash a car all day everyday.
Knowing that i have p***ed loads of golfers.
I hate golf
A bigger house with quad garage, and a bright orange Mclaren MP4-12C.......
I won the lottery last night!
$31 (£16)
What to buy... What to buy...
OK, £1.25m would be nice but it ain't a huge sum these days, but would make things so much easier. If you're in a house and are happy to
stay put, then, for me, working on the assumption that I'm gonna conk out at circa 72 like my old man and his father, I'd divide the win
into my remaining weeks - £960/week, though it'd actually last longer because of accrued interest and I wouldn't use £900/week. I'll
also deposit 1p into a savings account; be cryongenically frozen and woken for dinner at the Restaurant at the End of the Universe
Would provide a very, very comfortable way of life.
Might buy a few more lottery tickets though
ATB
Simon