Is it too much? UK EuroMillions ticket-holder wins £111.7m

Richard - London said:
I dont get when people say this, Winning should be life changing, around were I live a 2 bed flat is about a million.
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I think it's a question of the winner realising the scale of the changes they can make with the amount they won. No, £1m is not enough for fast cars and boats, but it is enough to make life a lot easier for some years. I mean paying your mortgage off is life changing. The mistake that many winners make getting that scale wrong and buying stuff they can afford today but not tomorrow. Everything has an upkeep.
 
SpellowHouse said:
I think it's a question of the winner realising the scale of the changes they can make with the amount they won. No, £1m is not enough for fast cars and boats, but it is enough to make life a lot easier for some years. I mean paying your mortgage off is life changing. The mistake that many winners make getting that scale wrong and buying stuff they can afford today but not tomorrow. Everything has an upkeep.
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As I have much fewer years left on this planet than many, 1m would be enough for me :)
 
SpellowHouse said:
I think it's a question of the winner realising the scale of the changes they can make with the amount they won. No, £1m is not enough for fast cars and boats, but it is enough to make life a lot easier for some years. I mean paying your mortgage off is life changing. The mistake that many winners make getting that scale wrong and buying stuff they can afford today but not tomorrow. Everything has an upkeep.
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True enough. Private jets cost a lot in upkeep and pilot wages, £200 mill you'd still be best off chartering.

£200 million is a lot but it's only a lot if you keep the scale right, like you say.

In other scales it barely scratches the surface

E: I'd still have a debate with myself about a 5090 :)
 
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arknor said:
one million aint enough to give up work unless your already comfy anyway.

should be like 2.5 or 5mil
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Richard - London said:
I dont get when people say this, Winning should be life changing, around were I live a 2 bed flat is about a million.
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A million has been a lot for a while, even more so now and it does seem crazy to say that.

Back in 2005 a colleague of mine won £980k on the lottery.

He paid off his parent's mortgage, bought a house for himself and his partner, bought a separate house to rent out, 2 new cars (himself and his partner, both were under 50k) & when on a couple of holidays. Beyond that no overtly extravagant spending.

During this time, other than some unpaid leave for the holidays, he continued to work and it was less than 18mth before the money was gone & he was back living on his pay-check.

Granted he was mortgage/rent free every month but still. Sensibly he was putting the rent income into a fund to pay for future repairs etc to the rental house.
 
SpellowHouse said:
I think it's a question of the winner realising the scale of the changes they can make with the amount they won. No, £1m is not enough for fast cars and boats, but it is enough to make life a lot easier for some years. I mean paying your mortgage off is life changing. The mistake that many winners make getting that scale wrong and buying stuff they can afford today but not tomorrow. Everything has an upkeep.
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I genuinely have a plan should I ever win. A good chunk will be invested in rental properties with a view to undercut the current rental market in terms of rent charges.

Buy a few houses in an area where they're all BTL landlords charging 8-900 pcm to cover the mortgage and charge only 500 pcm. Immediately I'm gonna have tenants because those paying 900 will move into my properties to save the 400/month.

Eventually the BTLs will go under and I'll approach their mortgage lender and ask how much to buy the property prior to it going to auction etc and then expand my portfolio in that manner.
 
Only played on Tuesday for the first time in years then woke up to a 'you've won the draw' email so planned my trip to the tailor and booked flights to Asia only to find it was £4 so I'll put a line on the next draw and waste the rest on the scratchcard games.
 
In a syndicate at work so I'm up to just over £5 Million on Friday's draw, I think I could get by with that tbh :D :cool:
 
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202 million estimated for friday. As usual a single ticket is a cert to win.
 
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