£147.000.000 Lottery win!! too much?, how much would you like to win.

not sure on interest rates but can remember when lottery first started and £1 million in the right acount would pay interest at £1000 a week, that would be enough to not need to work and live quite comfortably, then again if i could get nearly £150,000 a week i could live even more comfortably.

Alot of my mates call me tight but i always look for the cheaper way so these who win the lottery and go buying houses just confuse me as i would get a mortgage and have the interest from my win pay for it so in theory get most things for free.
 
ladysue said:
I would love to win £1,000,000 but I would give away most of it to family and charity. I would be happy to have £100,000 left to make life easier.

I dont think massive amounts of money make people happy. Its having good relationships and feeling good about yourself that makes you happy.
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same here ...enough for a decent house and car and a few grand in the bank would do me n er indoors, nowt to lavish though:thumbs:
 
mikeward said:
not sure on interest rates but can remember when lottery first started and £1 million in the right acount would pay interest at £1000 a week, that would be enough to not need to work and live quite comfortably, then again if i could get nearly £150,000 a week i could live even more comfortably.

Alot of my mates call me tight but i always look for the cheaper way so these who win the lottery and go buying houses just confuse me as i would get a mortgage and have the interest from my win pay for it so in theory get most things for free.
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Unless your mortgage interest rate is less than your savings interest rate, you'd be throwing the money away.
 
I'd like my €147 Million, in €1 Coins please!
 
147 million!... is just not enough ........I want more... :shrug: To all those who say to give £X to charity.....why? ...with that ammount of money **** the charities...:thinking:
 
I'd buy the things I want and then with the remaining €100 Million or so I'd put into a savings account and live off the interest.
 
€147,000,000? That should be enough to buy the football ground in the middle of town. Should be change to fund a speedway trac outside town as well, to replace the one that got built on. Could get a few nice toys too. Not sure exactly what but I would avoid anything too flashy - the Lambo would be finished in stealth black, as would the Landy (built on a superlight chassis using CF body panels, covering an indecently powered motor, just to mess with flash gets at the lights!). A bigger house would be a good idea - with a multi car garage and a big playroom. Still plenty left to make quite a difference to some charities as well.
 
Nod said:
€147,000,000? That should be enough to buy the football ground in the middle of town. Should be change to fund a speedway trac outside town as well, to replace the one that got built on. Could get a few nice toys too. Not sure exactly what but I would avoid anything too flashy - the Lambo would be finished in stealth black, as would the Landy (built on a superlight chassis using CF body panels, covering an indecently powered motor, just to mess with flash gets at the lights!). A bigger house would be a good idea - with a multi car garage and a big playroom. Still plenty left to make quite a difference to some charities as well.
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I have a similar idea, but I think the garage would have to be alot bigger than the house.:D I'd also start my own motorsport team so that my son's and I could build and run/race our own racecars, with no worries about about finding sponsorship etc. Entering the BTCC would be enough.:)
 
£147m you could actually make a difference. I'd do a Bill Gates and set up a foundation with £100m and spend the rest of my life giving it away.

The other other £47m would keep the mrs happy.
 
all of that...after tax it'd only be about £80M and to live a 'Millionaire-Lifestyle' you need at least £15M to start with these days...
Once you factor in give-aways to family, friends etc - unless you want to have no family friends etc... it soon goes away.
A good-sized house with decent land round it anywhere nice will cost up to £5M; a couple of nice cars could cost another £500K - a couple of really nice cars would cost a lot more...

You could easily blow through about £10M in the first year with no effort at all...
 
all the while though you'd have to factor in the costs of things like bills council tax etc on your new purchases because if you cant afford to keep them after you've blown your wad it wouldnt be very good now would it, you might possibly end up in a worse situation than hyou started due to costs spiralling and a lavish lifestyle
 
I would just love enough to take my friends and family away on the holiday of a lifetime, and then have enough to buy a house outright to live mortgage free. That would do me really as the money you've saved on not paying the mortgage each month is enough to enjoy yourself with on a regular basis!
 
whitewash said:
all the while though you'd have to factor in the costs of things like bills council tax etc on your new purchases because if you cant afford to keep them after you've blown your wad it wouldnt be very good now would it, you might possibly end up in a worse situation than hyou started due to costs spiralling and a lavish lifestyle
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Could set back like £20 Million, buy properties and rent them out. A good way to get an income into your balance.
 
i would give money to my family, buy myself a house (pay it off) buy a nice £18k metallic blue mini, buy my camera equipment, get an editing studio in my house and use a room as a photography studio, i would open up a photography institute for amatuer photographers of all ages, races, abilities disabilities etc. i would give a good couple of million to TP. a good portion in a saving account so i can live off interest. i would then come up with some good photography schemes to help the communtity. i would also pay into a campaign against thinking togs are terrorists.

and thats only half of the ideas i have lol
 
For 'life changing', I feel I would have to give up work. Therefore no morgtage on a decent house, round me say 350k, plus enough to live on hopefully for the next 50 or so years. I don't think 1m would be enough. Probably 2m would see me right.
 
Cobra said:
I am sure your right but it also depends on what area you live in
( and your age of course )
a decent 4/5 bed house down here will still easily cost £300-£400,000
A couple of "good cars" £20,000 onwards (depending on your "type of car"
That doesn't leave much to live on unless you continue to work.
(50,000 per year for 10 years, so yes for some it would be a life changing scenario but for others I guess not
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But - pay off your mortgage, carry on working and that's £1500 - £2000 per month you have to spend, so I guess it would be "life changing" if you currently live on a disposable income of a couple of hundred quid or less...:shrug:
 
Arkady said:
all of that...after tax it'd only be about £80M and to live a 'Millionaire-Lifestyle' you need at least £15M to start with these days...
Once you factor in give-aways to family, friends etc - unless you want to have no family friends etc... it soon goes away.
A good-sized house with decent land round it anywhere nice will cost up to £5M; a couple of nice cars could cost another £500K - a couple of really nice cars would cost a lot more...

You could easily blow through about £10M in the first year with no effort at all...
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I thought lottery wins were tax free.
 
Can I buck the trend and state it wouldn't be enough? The bigger the amount the more you can do, only limited by your imagination. Once i'd figured a way to easily spend or benefact a million quid the other 146 would soon follow.

yes, it would change lives - but isn't that the good thing about money? At that amount it's not just about what it will buy you but what you can do with it.
 
I could easily spend 147million!

Camera kit - About £200,000
House - About £5,000,000
Helping out family and friends - About £5,000,000
Luxury Yaught - About £5,000,000
Personal nature reserve - About £80,000,000
Personal spaceship development - About £50,000,000

And that leaves a little bit of change left over.

:D
 
Messiah Khan said:
I could easily spend 147million!

Camera kit - About £200,000
House - About £5,000,000
Helping out family and friends - About £5,000,000
Luxury Yaught - About £5,000,000
Personal nature reserve - About £80,000,000
Personal spaceship development - About £50,000,000

And that leaves a little bit of change left over.

:D
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I doubt 50 Million will get you far in building a spaceship lol.
 
good luck to the winner but how much money can you spend?
well of course a lot.
but surely it would be better to cap it at £20M or something and redistribute the lower £20k winners into millionaires too
 
128 million quid would work.

5-6 million on a house, about the same for another house in the alps in france, one last house in Monaco which would be the permanent residence.

Jay Leno style garage.

Couple of million for each of my family.

The rest invested so I never HAVE to work ever.
 
Pieface said:
They are. The lottery ticket is taxed but not the prize. Although it's different in America.
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I think that's the same on all gambling stakes isn't it - you state when you place your bet whether you want to pay the tax on the stake or the winnings... I could be wrong though. (And the last time I said that, I was.)
 
Fast cars, fast women and fast drugs...



...and I'd probably waste the rest :lol: :lol:
 
OutLore said:
I think that's the same on all gambling stakes isn't it - you state when you place your bet whether you want to pay the tax on the stake or the winnings... I could be wrong though. (And the last time I said that, I was.)
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Not any more I don't think, you always get taxed on the winnings now
 
i wouldnt change a thing in my life if i won that much.

i would still get a job etc.

i would just know that if anything were to happen i would still be financially sound :)
 
Money doesn't buy you happiness, but all I'd like is a chance to prove them wrong. :)

Obviously I'd do the decent thing and sort family out so the parents and parents in law can retire comfortably.

Then I'd buy a decent house with a lot of land, and build a livery yard for my wife who's always wanted to run one (strange girl!).

I'd buy a second house in Finnish Lapland near where we got married and spend a few months over there every year.

And there's a few cars I've always wanted. And I'd need somewhere decent to run them so I'd have to build a decent track and then hire that out when I'm not using it.....

And I'd buy some better photo kit.

I could blow that kind of money quite easily, although I'd see the track as more of an investment.
 
Am I correct in saying that the huge wins in America are not paid out in whole but over the lifetime of the winner.
 
Galaxy66 said:
Am I correct in saying that the huge wins in America are not paid out in whole but over the lifetime of the winner.
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Depends...In the US there's an option to get it as a lump sum, but that's subject to tax and a reduction in the overall amount paid out to the winner - basically you only get the full amount if you opt for a staggered payment...
 
147 million? I'd probably do something like:

1: Buy house 2,000,000
2: Buy stuff for house including decorating, making how I want and including hifi, electronics, digital lifestlye stuff, new wardrobe for all family, swimming pool, games room, etc etc. £500,000
3: Get a massive garage/workshop built on my land £50,000
4: Buy about 3 cars for girlfriend, a general family car, about 10 - 20 cars for myself, about 5 - 10 motorbikes including insurance so that friends could ride/drive/borrow them 5,000,000
5: Go on holiday lots to nice places and travel £1,000,000
6: Get married 1,000,000
7: Honeymoon 50,000
8: Buy kids various stuff and treats 50,000
9: Buy and do other stuff I forgot about 5,000,000
10: Other misc 3,000,000

That still leaves about 130,000,000 in which case I would:

1: Pay off parents mortgage and give them anything they want/need or new house if they wish. 1,000,000
2: Sort out my bro,sis,other family members if they want stuff. 2,000,000
3: Sort out friends with some treats 1,000,000
4: Through a few big parties 50,000

Finally: Invest the remainder/save it for my kids and upon receiving the cash would immediately write a will.
 
Viper said:
i wouldnt change a thing in my life if i won that much.

i would still get a job etc.

i would just know that if anything were to happen i would still be financially sound :)
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Are you suggesting you would carry on as normal spending the same disposable income you always had despite winning 147 million?
 
clicktor said:
147 million? I'd probably do something like:

1: Buy house 2,000,000
2: Buy stuff for house including decorating, making how I want and including hifi, electronics, digital lifestlye stuff, new wardrobe for all family, swimming pool, games room, etc etc. £500,000
3: Get a massive garage/workshop built on my land £50,000
4: Buy about 3 cars for girlfriend, a general family car, about 10 - 20 cars for myself, about 5 - 10 motorbikes including insurance so that friends could ride/drive/borrow them 5,000,000
5: Go on holiday lots to nice places and travel £1,000,000
6: Get married 1,000,000
7: Honeymoon 50,000
8: Buy kids various stuff and treats 50,000
9: Buy and do other stuff I forgot about 5,000,000
10: Other misc 3,000,000

That still leaves about 130,000,000 in which case I would:

1: Pay off parents mortgage and give them anything they want/need or new house if they wish. 1,000,000
2: Sort out my bro,sis,other family members if they want stuff. 2,000,000
3: Sort out friends with some treats 1,000,000
4: Through a few big parties 50,000

Finally: Invest the remainder/save it for my kids and upon receiving the cash would immediately write a will.
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just make sure you dont get on the wrong side of your kids otherwise they might start planning your :bonk: (haha thats the perfect smilie for it) just for the cash that way they would kill two birds with one stone (pun intended):D
 
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