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Post by omega on Sept 16, 2017 8:34:00 GMT
As in the multi-million jackpot or whatever the local equivalent is. What is your reaction? What will you do first? Will you splurge or save?
Me, I'd pay off all outstanding debts, including student loan. If it's 30 million, I'll put at least 20 million in the bank and let the interest accumulate. Treat my parents to a holiday (it's the least they deserve). Then I'll go on a splurge, limiting myself at $5,000 or around that figure at most (Big Finish will be happy). The rest I'll save. I won't get used to an extravagant lifestyle, and I'll keep my job because I'll need something to do during the day and I like my job. Keep that rest for a rainy day when I feel like doing something special.
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Post by whiskeybrewer on Sept 16, 2017 13:19:39 GMT
Ill give a Million each to family members. Then buy a big ass house and change some rooms into fandom rooms. One room having all my Doctor Who stuff in. Then Ill pay off my student loans
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Post by jasonward on Sept 16, 2017 14:12:29 GMT
Exact amounts would be dictated by the amount won, but as a rule of thumb I would:
33% to 50% Invested into the money markets and some property for letting
- of which 50% would be for long term capital growth
- of which 50% would be for income
25% to 33% Purchase property and other realisable assets that I could use
25% to 33% Cash to spent/given away
I would look to ensure that my overheads/day to day living expenses never exceeded the amount of money gained for the investments.
What I would spend/give away would be a range of things from
1) Make sure my mum has the money and things she needs
2) Open Source software projects
3) Back a few people on Patreon that generate media and software I'm interested in
4) Fund some specific game software that I want
5) Commission BF do produce a series of Cybermen audioes
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Post by dalekbuster523finish on Sept 16, 2017 14:50:11 GMT
I would state the boring option of 'I'd put it in an ISA'...but that wouldn't be a very interesting thing to say on an internet forum.
So instead I'll explore the 'spend it' alternative.
From that angle, I'd:
- Buy every classic series Doctor Who DVD I don't own yet.
- Book a two week holiday in California. One week in Hollywood, one week in Las Vegas.
- Visit the Disney and Universal Studios parks in California.
- An added bonus would be the possibility of meeting some amazing friends I have over there , but I wouldn't expect it or drop any hints. I'd leave it up to them to decide whether they want to meet me whilst I'd be there.
But actually, even they are pretty boring options because my family looked into going to L.A. recently and found out it's surprisingly cheap, so there's a slight chance I might get there in three years without winning the lottery.
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Post by elkawho on Sept 16, 2017 15:09:51 GMT
I think about this all the time.
I'd pay off my debts and buy myself a new house. Not too big, but comfortable for me and my boys with all new furniture. I'd give at least a million dollars to my sisters and brother, my nieces and nephews. I would send both of my boys to the school the older one goes to, and I would be able to pay the full tuition for both. And I'd work with the director of the school to set up a scholarship fund so that other kids would be able to attend without their parents going bankrupt.
I would only work part time since I, too, like my job and will need something to do during the day. I would travel quite a bit and be able to bring my boys with me. And I'd spend a lot more time with friends in the UK.
Most of it would be invested for the future. And I would be able to pay for whatever college or university my kids decide to go to.
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Post by TinDogPodcast on Sept 16, 2017 16:02:13 GMT
I used to want to be a tv producer but now I'd just help out my family.
Oh and commission b f to do the audio novel adaptations.
You know... just for me
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melkur
Chancellery Guard
Likes: 3,967 
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Post by melkur on Sept 16, 2017 22:23:04 GMT
I'd probably save most of it, donate some to the two Scout troops that I have been a part of and then use the remainder to (finally) get some of my film projects off of the ground
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Post by muckypup on Sept 16, 2017 23:00:39 GMT
Spend it of course.......
Travel, no fixed abode for me....cruises, tours, biking....all the tourist stuff....from the comfort of a place that has decent plumbing!
I would like a nice house, near the sea to have a break from traveling and enough room to keep my junk with out it taking over all the house.
Investments....well nothing traditional! Hell I want to have won enough to not have to worry about needing to make more......but something like holiday properties or land.
No one else is getting any of it.....beyond the stuff I want to do....any friend or relative that thinks they are entitled to something are people I can live without!
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Deleted
Deleted Member
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Post by Deleted on Sept 16, 2017 23:05:26 GMT
Pay off debts, use bits and pieces of it here and there where it will do some good (like repairing a home that's starting to look like a meeker version of Gormenghast), then invest the rest.
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Deleted
Deleted Member
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Post by Deleted on Sept 17, 2017 4:50:33 GMT
1. Buy property
2. Go on a world tour
3. Invest to secure the family's future
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