If You Won The Lottery...

[Dave A]

£2,000,000 isn't £450,000 per year over 5 years, let alone 40 (I have no idea where your getting the 18,000,000 figure from). It's £50,000 a year over 40 years which is still massively above the average wage. But your logic is sound, unless you live above your means you could live a very comfortable life without ever working with a lump sum of £2,000,000 in your bank to start you off, and that's without ever making an investment and not factoring interest into it. Every 1% interest net's you £20,000 a year, if you put that £2,000,000 into a bank account offering something along the lines of 3 or 4% interest your getting £40,000-£60,000 a year without ever breaking into ythe initial 2 million. Invest in a bank and the dividends could take that annual earning close to £200,000 again without ever touching the original sum, though the value of that sum will change up or down depending on the economy.

 

[Danny]

£2,000,000 isn't £450,000 per year over 5 years, let alone 40 (I have no idea where your getting the 18,000,000 figure from). It's £50,000 a year over 40 years which is still massively above the average wage. But your logic is sound, unless you live above your means you could live a very comfortable life without ever working with a lump sum of £2,000,000 in your bank to start you off, and that's without ever making an investment and not factoring interest into it. Every 1% interest net's you £20,000 a year, if you put that £2,000,000 into a bank account offering something along the lines of 3 or 4% interest your getting £40,000-£60,000 a year without ever breaking into ythe initial 2 million. Invest in a bank and the dividends could take that annual earning close to £200,000 again without ever touching the original sum, though the value of that sum will change up or down depending on the economy.

Now I'm confused by all the numbers, but the gist of that was that if you spend £2,000,000, then have £18,000,000 left. If you live off the rest of the money, it would run out if you spent more than £1250 a day.

Hope that makes slightly more sense, but yeah £20,000,000 is more than enough to live on in relative luxury.

 

[Dave A]

Oh yeah ofcourse, I've been talking about £2,000,000 starting sum, speed_demon said you need at least £20,000,000 which I noticed but quickly forgot about . I'm with you, your figures are correct for what you were saying 👍.

 

[Der Alta]

But you're all forgetting the taxes.

Here's a generalized layout of what'd happen with $100,000,000 Megamillions Lottery (here in Massachusetts). Lump sum payout is half. Automatically, at $50,000,000. Taxes hit is for 30% (roughly). Down to $35,000,000. The Big D would take 1/2 of that. So I'd walk away from a $100,000,000 with about $17,000,000.

How's them apples?

 

[Dave A]

Yeah but if you win the lottery jackpot your going to win more than the £2,000,000 I was talking about, a lot more. Just starting with a £2,000,000 lump sum pretty much accounts for any taxes you'll be subject to and more.

 

[Bite Me]

i would move out, get a renault clio and my insurance, get my lessons in an my test done, and livehappily ever after, still with a job and livelike any other normal person, just with money for a bi extra on the times where it gets tough.

 

[-Fred-]

2 chicks at the same time.

 

[samj_13]

This is an almost reality to my family...My dad was 1 number off a $32 million jackpot...and the winning numbers just happened to be my birthday. No lie. He did get $1500 out of it though

Anyways, if we're talking about a $100 million jackpot after taxes, I'd buy a warehouse with one-way mirrors for the roof. Then I'd deck it out with an indoor go kart track, basketball court, ridiculously huge TV, a PS3, sound system, black Nikes, the word's best PC, a black leather couch with baseball-style red stitching, a penguin, an '02 and '06 Dodge Viper coupes, both in black, heated floors, a carbon fiber toilet seat, lots of food, college tuition, and put at least $5 million in stocks/bank accounts, then give the rest to my family.

Oh the possibilities...

 

[GT4_Rule]

I'll get a Zune.

And an iPod.

And a new PC.

 

[Matt R]

I'll get a Zune.

And an iPod.

And a new PC.

Dang, I'd love to be your parents around Christmas. Not at all hard to please! 👍

 

[GT4_Rule]

Haha. I agree. I'm easy to please.

 

[Omnis]

Invest it and live off the interest and not spend any of the capital. Set for life.

Word. 👍 Best answer in the thread. I've seen this TV show about lottery winners, and one of the guys on there does exactly that. If you don't spend your money, your money will work for you.

The guy wanted a Ferrari, so he went to the dealership and picked out what he wanted. All he had to wait was about a week until the interest alone generated enough money for the car.

 

[Wenders]

The lottery Jackpots over here are around 15-20mil, they come around every few months, its the only time I buy a ticket. I have decided it isnt worth winning less - I'm too greedy.

First thing I'd do would be quit my job.
Then I'd hire me a personal trianer to get my ass back into shape.
Even though I'd eventually sell my house, I'd spend some money fixing this place up better - we need somewhere to live while I bulid my dream house.
I'd put money in a trust fund for my kids (and Jack you'd still have to get a job)
I'd set up trusts for my nieces and nephews to be used for a house deposit.
I'd give some to my parents and brothers and stepbrother and sisters.
Buy a new car, havent thought about what sort - I am sure Jack would have some input with that. If he ever gets his licence he can have my old one.
Find some land near the beach and build a new house.
Buy an apartment in Sydney for holidays to see the relos.
Invest whats left, which should be about half of the winnings.
Travel the world.
Buy an plane ticket for Blake & Matt to come visit.
Oh and maybe buy Jack a PS3 but only if he unapcks the dishwasher.

 

[Sage]

• Pay for uni
• Give as much to parents as they want
• Buy a new bike and a better phone
• Invest the balance

 

[Alex.]

£40,000,000 euro millions

Pagani zonda f (dark grey)

Pagani zonda roadster F (plain carbon fibre)

A few luxury cars



http://www.hotelsspainonline.com/Alicante/VillaMediterranea/front.jpg
^that house

keep my family VERY supported money wise. private health.

Executive box LFC

£7million to various charities

invest

 

[ExigeEvan]

But you're all forgetting the taxes.

Here's a generalized layout of what'd happen with $100,000,000 Megamillions Lottery (here in Massachusetts). Lump sum payout is half. Automatically, at $50,000,000. Taxes hit is for 30% (roughly). Down to $35,000,000. The Big D would take 1/2 of that. So I'd walk away from a $100,000,000 with about $17,000,000.

How's them apples?

I think the Lottery is tax free in the UK. Atleast the UK one is because alot of the money goes to charity. Not sure on Euromillions.

I'd buy a huge house with 6 Spare Bedrooms. (~£1,500,000)
I'd buy an 8 Car Garage (~£300,000)
.....
Get a BMW M5 (old kind) BMW M5 (new kind) and a BMW M6.

8 car garage for only 3 cars? You're money is going to last long if you think like that

keep my family VERY supported money wise. private health.

Executive box LFC

Hmm I don't know if I could support all my family, I don't like them all enough

But yeah... Executive box in Millenium Stadium and the local Liberty Stadium. Hell, I could build the millenium stadium for £72million (And on time aswell )

 

[Alex.]

I think the Lottery is tax free in the UK. Atleast the UK one is because alot of the money goes to charity. Not sure on Euromillions.


8 car garage for only 3 cars? You're money is going to last long if you think like that

Hmm I don't know if I could support all my family, I don't like them all enough

But yeah... Executive box in Millenium Stadium and the local Liberty Stadium. Hell, I could build the millenium stadium for £72million (And on time aswell )

unlike a certain company for wembley VOTE PROP. 605: EXIGEEXCEL FOR WEMBLEY!

 

[ExigeEvan]

unlike a certain company for wembley VOTE PROP. 605: EXIGEEXCEL FOR WEMBLEY!

I wouldn't touch the Wembley project with a 24,901.5 mile barge pole.

 

[Der Alta]

2 chicks at the same time.

D'oh!

So very true.

 

[Alex.]

I wouldn't touch the Wembley project with a 24,901.5 mile barge pole.

I however would walk upto it, and the wind force from my forward movement toward wembley would knock it down

 

[tait]

http://cgi.ebay.com/81-98ct-EMERALD...211QQrdZ1QQcmdZViewItem?hash=item230053821594

 

[samj_13]

You could always pick one of those up too

 

[xAkirax2004]

2 chicks at the same time.

"Damn straight, always wanted to do that, I would think I could pull that off, because chicks dig guys with money."

EDIT - Almost forgot, I'd figure If I got 50 Million, Id just put it in an account and feed off the intrest. Becuase on standard compund intrest rates of 5% or yeilds about 40k a year roughly. So, about 2 million dollars a year for the rest of my life every year? Hell yes.

 

[DuckRacer]

I would buy the world.



Actually, I would just invest it so when I retire, I can get whatever I want. Sure, Ferraris and mansions and all that stuff is nice and all, but I'm perfectly happy with what I have now.

 

[Evolution.]

You'd just buy a big pond.

And some Ducks.

 

[Pupik]

Considering I won $4.00 last week by matching 3 out of 6 numbers, I spent my lottery winnings thusly:

$1 = One bottle of Mountain Dew (only 20 ounces will do for us Lexus-driving upper crusts)
$1 = Two Florida's Turnpike toll fees (round trip, since I'm now rich)
$1 = Toys for Tots fund (I can spend generously on those who aren't as well-healed as I am)
$1 = Savings! (My daughter is going to need a college education someday)

I'd make a pie chart, but it would look a lot like a BMW logo, and I don't want my winnings taken away from me.

 

[SRV2LOW4ME]

I won a couple grand this summer, just invested it into some RRSP's since it will help me out at tax time. 👍

But...If I won the big one, I would be the guy you saw driving a Ferrari down the highway with a nose full of blow while pulling a U-Haul full of gold plated poodles and other weird expensive crap that nobody needs.

 

[dylansan]

When I see this thread I can't stop thinking about the movie "National Treasure"

With one percent, they bought a whole big mansiony thing, a Ferrari, probably a lot more. Now if I had 100%...

Actually, I'd donate 10% to some charity if that happened, there's no way I'd need all that, then after I bought my Toyota 2000GT, Plymouth Superburd, BMW M5, Fiat 500 (), Ford GT, Lotus Elan, Elise, Exige, and maybe a Lambo or two, and all my mansions in all different countries including the UK, and kept as much as I'd need to continue paying for it and 3% more, I'd give the rest to other charities arround the world. Of course, that's a lot more than I could win in any lottery.

 

[Philly]

If I was filthy rich as a result of winning the lottery, I'd
Get a few cars:
Bugatti Veyron (I do love that car)
Koenigsegg CCX
BMW M3
BMW M5
Lotus Elise
Audi S3, daily driver
Pay for college
Get a PS3 & an HD TV
Take a trip to Europe
Buy a private jet
Bank some to build a house later
Give X amout to charities
Bank the rest

Just for fun, I'd pay for everything in cash

 

[samj_13]

Just for fun, I'd pay for everything in cash

You know I would Go up to a vending machine and say "Damn, it doesn't take $100s. Anyone got change?"

That would be preiceless.