If you were a millionaire

[Babylon]

Aside from the usual things (house, cars, holidays) what would you do with your money?

Ask Rob on here.

[Benji]

Sex, drugs and lots of good food.

[Voll Blau]

WatchTest cricket round the world and buy some pubs.

[Carl the Llama]

buy loads of horses and race them 

I don't know how quick you think you are but you'd always lose to a horse.

[johnny the fox]

What do you mean if? I don't understand.

[Merging Cultures]

I'd buy a lodge in South Africa.

[lianne81]

Boob job and then travel with kids and jim x

[Guest]

Nah...

 

180k mortgage paid off for your average person.

Leaving 820k to live off. If you lived for 50 years it still gives you a "wage" of over 16k.

 

Ignoring inflation and interest etc.

 

What?

 

No couple could live normally for less than 40K a year. 16k is not even 1.5k a month - my house tax would take over 2 months of that!

 

And then you're not taking into account inflation and the rise in the cost of living. compare prices and wages  25 years ago to now. your 16k will be worth the equivalent of 6k if you're lucky in 25 years. On top of that increased life expectancy and the probable desire to live a little more luxuriously given you're not working anymore.

 

40K means 25 years.

 

If my wife and I can't earn £1m in the next 25 years I'd consider myself something of a failure.

 

.

[Guest]

I'd buy a lodge in South Africa.

 

I bet you could do that anyway without winning 1m.

[Merging Cultures]

I bet you could do that anyway without winning 1m.

You'd be lucky to get a profitable one for 1m.

[Guest]

You'd be lucky to get a profitable one for 1m.

 

I haven't been to SA in a long time but the people I used to know there and stayed tell me that prices have crashed so I was just following this line of thought.

 

Beautiful, beautiful country but not sure I'd ever go back.

[Freesolo]

I would build a cinema retro style that only shows old movies from the 1920s until the 1990s There are so many films I would have loved to have watched on the big screen. Originals and remastered versions, It would probably be a proper Money Pit hiring staff an d everything else that comes with building it from scratch but there must be people like me who love movies.

[RowlattsFox]

I'd definitely be doing a sport/travel bucket list. Over a length of time though, couldn't follow a whole F1 season for example, I'd have do a couple of different ones each year.

[Guest]

Always wanted to follow the Cricket tour - would be nice if England actually played well for the few years it'd take to complete it.

[Footballwipe]

Depends how much you're talking.

 

Between £5-10 million I'd probably stop working and live the life I want, couple of nice cars, the opportunity to travel round the world. I'd probably do everything I ever aspire to with my hobbies and just take life easy.

 

If we're talking a mega rollover EuroMillions win of £150m+ then that's a different matter. Then we're talking custom people carriers for away days with PS4, wireless, satellite tv etc etc. and business class flights when we're in the Champions League.

 

I'd build a custom house in Leicester with cinema, games room, sports viewing room, garage for my car collection and buy a crash pad flats in Kensington and Stratford for when I wanted to stay in London, might spent £5-10 million on a handful of properties to dabble in renting too.

 

Spending the summer in exotic locations and being able to jet off straight after a Leicester game to watch sports around the world from the world.

 

Basically I'd become an obnoxious human being.

[Dr The Singh]

Couple of years travelling the World in style.

I take that as, wearing a turban!!

 

For me, I would buy Rincy a wife, and shag her afterwards!!

[AndyElZorro]

Big difference with having over a million in assets and a million in cash. Mortgages, pensions, kids education etc etc. 

[Merging Cultures]

I haven't been to SA in a long time but the people I used to know there and stayed tell me that prices have crashed so I was just following this line of thought.

Beautiful, beautiful country but not sure I'd ever go back.

I'm picky, I'd want a nice one not too far from Cape Town.

Why wouldn't you come back?

[Guest]

Big difference with having over a million in assets and a million in cash. Mortgages, pensions, kids education etc etc. 

 

I'm sure that many on here have £1m in assets - as you say very different to having liquidity.

[Guest]

I'm picky, I'd want a nice one not too far from Cape Town.

Why wouldn't you come back?

 

Don't get me wrong -  I'm very glad about the changes and the end of aparthied but the only time I returned Joburg was a frightening place to be, after seeming like a paradise.

[Captain...]

You could live off the interest easily, if you can't make a couple of percent a year on a million quid you don't deserve it.

[Guest]

You could live off the interest easily, if you can't make a couple of percent a year on a million quid you don't deserve it.

 

I think that'd be the way to go, initially but I still reckon £1m isn't going to seem too much in 25 years.

 

What young man on here doesn't expect to earn (with eventual partner) over £1m in total over the next 20 years?

[ScouseFox]

id be surprised if many young people on here after tax earned 50 grand a year

[Guest]

id be surprised if many young people on here after tax earned 50 grand a year

 

And your goal when you are in your 20's is to earn what?

 

To meet Babylon's total you and your partner should aim for 8K each.

 

I can't believe that you haven't got an intention to be above 25k a year soon.

[Soar Fox]

Go Vegas for 2 weeks with 5 mates.

Then my mum can spend whatever is left after I die out there.