You win one of the 18 millionaire prizes on tonights lottery, your plans?

Please explain why?? :confused:

Say you get a mortgage with a great LTV giving you a 3% interest rate, but you are earning 5% from a high interest savings account, you are up 2% (or not depending on how the 5% interest is taxed) over just buying a house outright.
 
Invest further monies into the business
Buy a decent place in a nice area
Buy a decent car
Hand in my notice
 
Parents mortgage.
Improved standard of living for my grandparents.
Find a charity which needs the help.
Electric toothbrush.
 
Everytime this come's up it's still the same answer, spend £400,000 (flat, car, money to family) and put the £600,000 into hopefully a back account with 5% interest. Giving £30k a year, it'll be like working one job but getting paid twice.....if I had a job! =[
 
Always wanted to have a house built for me to my spec, but £1m is most likely pushing it. So... House, couple of cars, License and Bike. Money for family (around 20k each), then saving and no worries. More family (4 kids rather than 3) than we planned.
 
New house (as per earlier in the thread this may actually be on a mortgage), nice size with things like a home cinema but nothing over the top.

Invest the rest to give me some income of the interest etc, probably wouldn't be enough to be a sole income but would be a nice top up on my existing salary.
 
Pay off my outstanding on my mortgage, pay off the last of my parents-in-law mortgage, buy my sister-in-law and b/f a house, buy a newer car, nice holiday, put £100k away kids to go to Uni if they wanted to and bank the remaining £450k.
 
I would vist the USA and Canada because it is somewhere I have always wanted to go. After that I would probably just buy a nice house and car to go with it.
 
Spend around £30k on stuff for myself, give £100k to my parents and stick the remaining £870k into a high interest bank account.
 
Back
Top Bottom