If you won a £1,000,000, what would yo do with it?

Dreadi · 2 Feb 2008 at 19:03

yaboy said:
I'd also spend some just to watch this happen again

MIDGET WRESTLING!!

HAHAH! that looks like it could have hurt!

loopstah · 2 Feb 2008 at 19:09

Pay off debts.
Pay off parent's debts.
Buy house.
Do a couple of degrees.

[TR]SweetSpotOz · 2 Feb 2008 at 19:10

yaboy · 2 Feb 2008 at 19:22

Dreadi said:
HAHAH! that looks like it could have hurt!

Just a little.

Nitefly · 2 Feb 2008 at 19:26

The whole 'live off interest' idea is very boring to me.

I'd rather just live as I do with unlimited luxuries.

Spyhop · 2 Feb 2008 at 19:30

Make and wear a £20 note jacket

SexyGreyFox · 2 Feb 2008 at 19:30

markyp23 said:
Not really that much. At 5% interest it would be £961 a week BEFORE tax. £50k a year gross salary in addition to the £1m lump sum. Plently of people on that sort of money wouldn't consider themselves "millionaires".

Well since I can easily live on a 1/5 of that it would make me very rich.

Fireskull · 2 Feb 2008 at 19:32

Get a house with a huge garage, and then fill it with as many bikes and cars as i can afford, then still keep a job to pay for petrol and utility bills

i think id go insane without at least a part time job, bored as hell.

mrbios · 2 Feb 2008 at 19:35

personally id look towards my goal of creating and owning the best LAN center in the world (a lame goal by many peoples views but one that i could happily spend my life doing if i ever got there)

Sinque · 2 Feb 2008 at 19:40

wush said:
Make and wear a £20 note jacket

And have wrote on the back 'Mug me'

PureAppleJuice · 2 Feb 2008 at 19:48

Take it down the bookies

James07 · 2 Feb 2008 at 19:50

Buy a car, give mum some, buy a few houses and start a housing firm - buying to let.

Go out for a big **** up, buy some clothes and a new phone.

Buy an apartment.

Sinny · 2 Feb 2008 at 19:55

Tefal said:
start my own private military business.

That actually sounds good but make yourself an evil genius, create an underground lair and hire minions. probably would require a lot more money.

ajgoodfellow · 2 Feb 2008 at 19:58

I'd pay off my parent's morgate and debts first then give a chunk to them

I'd give some money to my grandparents and to my brother

With the remainder I'd pay off all of my debts, buy myself a nice house, an Aston Martin for the weekend and a Jaguar XF for the week

I'd still work though as I'd get bored not working and it's not really enough to give up work entirely.

iBot · 2 Feb 2008 at 20:04

Burn it on the isle of jura.

Phog · 2 Feb 2008 at 20:08

Invest it and use the interest to make sure I'm comfortable. Still work etc.

Gaygle · 2 Feb 2008 at 20:09

Finish uni (in style now i have my new found wealth!), get fit gf, buy a nice house, buy a ferrari.

Done.

Tefal · 2 Feb 2008 at 20:11

Sinny said:
That actually sounds good but make yourself an evil genius, create an underground lair and hire minions. probably would require a lot more money.

hence the business first to generate lair building money.

fendi · 2 Feb 2008 at 20:25

Probably become a drug dealer, i am guessing 1mill coule turn in to a lot more.

Energize · 2 Feb 2008 at 20:41

markyp23 said:
Roughly 8.5% interest? Where can I get some of that?

Assuming you just took 40% tax?

That was just a rough estimate. You only take off 40% tax after you've reached £40k.

6.5% of 1,000,000 is £65k.

£5,434 of that is not taxed, (more if your allowance is higher).
£2,230 is taxed at 10% so £223
£32,370 is taxed at 20% so £6,474
£24,966 is taxed at 40% so £9,986.4

Leaving £48,316.6 or £132.37 a day. And you can be happy that you are avoiding loads of tax that you would have to pay if you were earning this money, like national insurance.

8.5% interest would be £165.25 a day.