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[Amigo]

If you were to win a million smackers on the lotto could/would you stop work? It may sound a forgone conclusion but do the maths. Living in London or Sussex like i used to no way, it would'nt last long. Living where i do now in Lincolnshire it'd certainly go much further here but would'nt last forever. I've got some ideas but what would you do? :-/

[Marks DTM Calib]

IT would help but, sadly not enough to stop work on.

[hotel21]

I would stop.

I am perhaps older than some (but not as much as others....) and a nice little cottage in a bit of land not so far from where I am would do nicely, thanks very much.  Bank/invest the rest and get by as required on the pension thats already coming in.

No intention of being an international jetsetting playboy, just enough to comfortably see out my days (with my life partner, I hasten to add) and leave a few shillings behind for the sprogs.

Not much to ask, is it?

Please?

 

[davethediver]

Depends on a lot of factors really guy for myself it would have to be at least two or three before i could really consider giving up work properly.

Or put another way give up work and live like a rich guy. 1 million at my age and never work agin just would'nt hack it

[The Red Baron]

^^^sounds about right Broocie.

[Varche]

I'd stop in a flash. £50,000 a year for over 20 years? Makes me laugh when people say it isn't enough to stop full time work.

I'd go sightseeing again.

So many places so little time.

£100,000 would do me. Someone else can have the rest.

[Danny]

i think i'd stop work because i'm lazy, but i dont think you can live such a lavish lifestyle with £1m anymore

how long would it take you to earn a million in your current lifestyle?

[hotel21]

i think i'd stop work because i'm lazy, but i dont think you can live such a lavish lifestyle with £1m anymore

Who needs to be lavish?

Bet you are reasonably happy as you are (with standard debts of a person of some years i.e. mortgage/car load/credit cards - delete/add as required) and would only need those debts eliminated to keep you as you are.

Its the greed of human nature that wants to spend the monies and 'get on' in the world....

[Mysteryman]

Of course it depends on where you are in life right now. Young and penniless, no, middle aged and comfortable, yes, ancient and horny , deffo.

[hotel21]

Of course it depends on where you are in life right now. Young and penniless, no, middle aged and comfortable, yes, ancient and horny , deffo.

Kinda sums it up really.    

[Taxi_Driver]

I would stop.

I am perhaps older than some (but not as much as others....) and a nice little cottage in a bit of land not so far from where I am would do nicely, thanks very much.  Bank/invest the rest and get by as required on the pension thats already coming in.

No intention of being an international jetsetting playboy, just enough to comfortably see out my days (with my life partner, I hasten to add) and leave a few shillings behind for the sprogs.

Not much to ask, is it?

Please?

 

So would i 

Buy a modest property that i wanted (don't particularly like the property/area i live in at the moment).With modest living i'm sure i could survive the rest of my days...without being 'short' 

Probably different if you have a young family to support......

[Amigo]

I've been told that if you banked a million in a high intarest a/c the interest alone would equate to 2 grand a week.
    This was only mates drunken chat some time ago but is this true & if not how much would it make?

[Mysteryman]

I've been told that if you banked a million in a high intarest a/c the interest alone would equate to 2 grand a week.
    This was only mates drunken chat some time ago but is this true & if not how much would it make?

Do they still exist? The highest I've seen is a cash ISA paying 6%, and you can only put a few grand in that.

Two grand a week would equate to £100,000 ayear, or 10%. If you paid tax at the higher rate (which you would) you'd need to pay 40% of that in income tax.


Tell your mate to go easy on the hard stuff.

[mrgreen]

a few good investments you could certainly retire but with high risk investments comes risk.... at my age i would be living on what i live on now and then have a steady investment plan for say 800,000 you have a leaway with the banks for an easy 7 percent and then what more do you need?? a lavish lifestyle not but a better one than you have for know for sure!!

[mrgreen]

Guy is there something you want to tell us?!!!!!!!!!!!!!!