£1,000,000 now or £10,000/month for 10 years?

SexyGreyFox · 14 Sep 2021 at 20:49

I'm clueless about money but this last two weeks Andi Peter's on GMB has been going on about a massive prize and you have a choice.

So OCUK, we have some money experts on here, £1,000,000 now or £10,000/month for 10 years and why?

SexyGreyFox · 15 Sep 2021 at 15:30

builder22 said:
that's pretty surprising

Do it with a piece of A4 paper and double that up and see how thick it would be.

SexyGreyFox · 18 Sep 2021 at 19:24

Django x2 said:
£10k a month. Isn't that just going to work and having a few days off each month?

I earn less than £1000/month so I'd feel like a millionaire.

So I'd have a £1000, my wife a £1000, my two kids a £1000 each and I'd bank the £6000.

SexyGreyFox · 19 Sep 2021 at 23:18

Psycho Sonny said:
Putting £6K in the bank every month is like setting fire to several hundreds of pounds monthly

It will only be there to pay for the next holiday or new toys because that would be continuous.

SexyGreyFox · 20 Sep 2021 at 08:25

Psycho Sonny said:
Why not just take the million. Invest it and it will make you £5K+ per month for life

I'll do that then, when I win it I'll ask you where to put it

SexyGreyFox · 20 Sep 2021 at 23:46

Psycho Sonny said:
Okay I'll bite. What's your current salary because £120K a year for free would definitely change the lifestyle substantially of around 99% of people

I would immediately make 8 peoples live a more comfortable life, honestly the crap some people spout on here.
He obviously owns a Gucci belt.

SexyGreyFox · 21 Sep 2021 at 14:21

thegreysquirrel said:
People are worried about splurging the 1 million straight away but what about in 10 years when the 10k stops?

Since I only get £1000/month another £1000 would increase my lifestyle dramatically or I'd retire now at 63 and carry on living my normal amazing life. Some would go to my kids to remove a lot of pressure and most of the remainder would be saved with a bit coming out for holidays.
Yes I realise at my age I've got no money worries so any extra added to my life would be a massive lifestyle change.