if someone offered you £1,000,000
- Thread starter cm1179
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That's just changing job.
think carefully about what ?
and does it need to go that far to be life changing ?
imagine not having to pay rent or mortgage ever again ? imagine how early you could retire or how many years off work you could take ? imagine owning everything you want ?
Everything you want?
A McLaren F1 road car costs a million. And then you couldnt afford the insurance or the petrol...
A big yaught...cant get it.
you could rent them through an agent and never have to do anything except sign a form every now and again. a handful of terraced student houses for example and your laughing
A million is not the life changer it once was. These days a million quid isn't even considered enough to make you a millionaire. It's not money you could live comfortably off for the rest of your life at all.
And with a million pounds used to buy and rent property, you'd be looking at either leveraging yourself up the ass with mortgages or buying properties that would not turn substantial profits to make back the original investments and live comfortably for many many years.
I may well be a poor arse student with income that is below the personal allowance, but even I know that a million pounds will not change the majority of people's lives forever. If you earn £25,000 for 45 years (minimum required to qualify for a full state pension at the moment) you've accrued over £1m gross across your working life. So no, it isn't a lot.
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If anyone considers this to be a choice they would say yes too then I suggest you just get a gun now, point it to you head and blow it off. You worthless peace of crap.
how is it if your not working? you let an estate agent rent out your properties...
even at a crappy 0.5% intrest rate you get nearly 70k a year
which is probably twice of what most people on here earn..
If I buy 4 properties and I bring in £500 a month off each property are you saying that I could not live off that?
I know you wont be able to go buy super cars etc, but being able to live without having to worry about having to work ever again is life changing to me.
keep the peace!
how is it if your not working? you let an estate agent rent out your properties...
even at a crappy 0.5% intrest rate you get nearly 70k a year
which is probably twice of what most people on here earn..
you may gross 1million but you have outy goings so in the real world you wouldnt be able to save abnywhere near 1million...
so if your earning 25k a year someone giving you 40 years worth of wages in one lump sum is not life changing?
are you smoking crack?
lol you get much more from just leaving it in your bank :S
live off the £24k p/a for a decade and then sell up. would be a nice return.
Like I said its a simple idea, but a pretty safe one. If you decide later on in life you want to splurge then you can sell the properties. If you decide you want extra money you can get a job.
If you want to take big risks then go for it, like I said. One simple idea.
OK my answer is, I would not even start considering it for anything less than £10m. And even then I'd have huge reservations due to the potential impact on my relationship and how that would in turn affect my daughter's life.
Frankly, I am happy, and I feel lucky to be where I am right now, so no real need to rock the boat.
When considering money its best to look down from where you are, at the billions of people who have less than us, struggling to make a miserable living. From that perspective, pretty much all of us here are relatively rich.
Frankly, I am happy, and I feel lucky to be where I am right now, so no real need to rock the boat.
When considering money its best to look down from where you are, at the billions of people who have less than us, struggling to make a miserable living. From that perspective, pretty much all of us here are relatively rich.