give me 40 million and I can promise you I will sit back and do nothing....I will certainly not continue to chase the ££'s
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give me 40 million and I can promise you I will sit back and do nothing....I will certainly not continue to chase the ££'s
See you say that but I wonder if your spending habits would increase with the new wealth.
As you get used to being able to spend so much you'd need to find a way to increase the value of the orginial increase otherwise you'd be back to where you started eventually.
Personally if I won it I'd continue to live as I am but I'd buy an Aston Martin
. Just live off the interest.
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The jackpot has been won 4 times since the rules changed.
Also if this isn't won by jackpot it's being split between those who match 5 + bonus ball.
I like your attitude, i would have enough money to do all these things i want in life, maybe spend a bit on a massive marine tank though
life is far to short to be chasing even more money with dodgy investments.See you say that but I wonder if your spending habits would increase with the new wealth.
As you get used to being able to spend so much you'd need to find a way to increase the value of the orginial increase otherwise you'd be back to where you started eventually.
Personally if I won it I'd continue to live as I am but I'd buy an Aston Martin
yup, that'd be my plan too. nothing fancy, just a nice simple stressful free life. maybe a little house in the south west French countryside......ahhhh bliss
Yawn, so winning that much and you want more
So much greed in this thread.
don't see the issue: with 40 million you can buy a load of personal assets for you and your family and invest a big chunk so you and your immediate family are not only financially secure but living very comfortably for the rest of your lives... you can charter a plane, yacht, visit anywhere you want... when space flights become available you can spend the six figure sum per person and experience that
with more money though you can move way beyond the personal stuff - you can change things, invest in stuff you care about... want to preserve some part of the country (area of natural beauty etc..) or some part of another country (rain forest etc..) you can buy up big chunks of it and preserve it in a trust, you can campaign/lobby for things you care about, you can fund research etc..etc..
I like your attitude, i would have enough money to do all these things i want in life, maybe spend a bit on a massive marine tank though
exactly, I don't get all the 'invest in this, invest in that' sod off!! it's going under the mattress and I'm ending my days drinking Bordeaux wine, Cognac and topping up the tan!
No, go with the money!
or you can sit back and relax. I'm going with relaxing. a Bordeaux and some cognac will help with that.
didn't say I was doing completely nothing.....see the bit about wine and cognac
that's all the excitement I would need! maybe the odd trip to the Alps and try my hand at skiing again, hell I could even go pretty much as often as I like, cause I got loads of free time and 40million and I aint worrying a jot about pointless investments and the state of the investment market! 
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Sounds like a solid plan.
40 mill wouldn't really be enough, especially after building my own personal racetrack 
You could easily spend it. Buy/invest in a sports club, for example, and that money would be gone in seconds.
Invest in research as well as charity foundations etc - millions used up easily.
You could easily spend it. Buy/invest in a sports club, for example, and that money would be gone in seconds.
Invest in research as well as charity foundations etc - millions used up easily.
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Because they forget that it costs money to keep things and it costs money to employ people.
You have to pay all the upkeep costs on your house, plus insurance & rates, harbour fees on that boat, cover depreciation, etc etc. And you need to employ people who make you money or allow you to make money.
As for what I'd do with all that money? Wallow in it.
They also tend to be very vulnerable to being ripped off because they have no idea how to handle being rich. In most of the cases in which lottery winners ran out of money they had no idea how to not be poor. Poverty engrains itself into your mind.
So they can end up supporting a retinue of hangers-on plus endless money to family (who also have no idea how to handle having money) plus being talked into repeatedly buying things at high prices. You can easily spend £25,000 just on alcohol for just one party for not many people if you're paying £250 a bottle. It's only £250 and you have millions! Your watch cost £10,000 so how can you think £250 is too much for anything? It's Christmas and you need to buy presents. Of course you can afford £5000 for a Christmas present! You have millions! You now have 100 people to buy presents for, what with all the distant relatives and their partners and your retinue. And, of course, you can't spend only £5000 on a Christmas present for close family members and your good mates from before you won the lottery. You have millions! Of course you're having a party for everyone at your mansion and of course you won't be charging them for food and drink and entertainment. You have millions! Some damage is done during the party, but these things happen and you can repair it. You have millions! And then Christmas has cost you £2M or more. And soon you don't have millions.
I think it would be essentially the same unless legal arrangements such as trusts work very differently here. Do they? I have no idea.
I've always said that the first thing I'd do if I won silly money was to do nothing for a month or two while I got myself a bit more sensible about it. I can easily overspend at Tesco if I go shopping while slightly less than completely sensible (e.g. tired or a bit hungry). I'd be bloody silly with lottery money right after I'd won it. I'd be better off finding some way to make it impossible for me to get the money for a month, even if I had to pay a bank to keep it and stop me having it. I think a month would be enough for me to get over the initial weirdness.
After that, a lot would come down to paying for specialists to deal with things for me. Lawyer, PA, butler/valet/concierge, etc. It might seem silly, but if I was that rich then the amount of hassle they'll deal with for me would be well worth paying them good salaries.
I disagree. I think the biggest challenge is to change yourself. If you don't change, you will not be able to deal with the huge change in your life. That's part of what brings many lottery winners down. Maybe in some way they want to lose it all, so their life can return to what it was. Since they haven't changed, that's the life they're still geared to, that's what's normal for them.
If the amount you win is just enough to clear any debts and leave you with a small buffer or maybe just enough left over to add a bit to your income but not enough to seriously change your economic position, then you can keep your same life but with more security and therefore less stress and more comfort. But if you win a lot more, your life is changed and you have to change with it.