As you are now, what would go through your mind if you won that kind of money? What would you do it first? Take the lump sum? Take the money anonymously?
Buy a house?
Tell your family?
Pay off your debts?
What would be your plan?
I really want to know people's thought process involving stuff like this
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Read further if you want to know what I'll do with the money, (long)- - - - -
For me, I'd take a few days to think about things and not tell anyone not even my mum. I'd get a lawyer and an accountant to help me plan out my finical future then go and take the lump sump money, even though the is a I think is a 50% deduction of tax of your winning, so it would be £75 million (that's still a lot better than having to wait a year to get my next payment).
- I'll tell my mum. My mum only. I would give my family money only by having this elaborate scheme that the money was from a distant & recently deceased relative. So the rest of the family will never know its me, therefore stop them from asking me for money.
- Buy my mum her dream house and car. Set aside 2 million for her & her debts(?), I'd also throw in another 300k for raising me
- Set aside 1 million for my sister & little brother only accessed when they reach 21 and can only get the money if they have a degree and are working full time. Payment stops if they quit their jobs within 2 years of receiving money so they don't end up eating away the money. Actually if they are unemployed payment stops altogether, so they only ever get the money if they are working.
- set another 1.5mill for my cousin and her family
- set aside £800000 for my grandma (only because she's old and she'll be living with mum so she doesn't need all the moolah)
-Then another 1.5 million for the rest of my family (it will be shared between them)...
Erm I think that's it, for family.
That would be =£8,330,00 including the house and car. Adding unexpected payments/taxes, holidays and presents I'll round the number to million
=£10mill
So that would leave me with 65 million...
That's a lot of money, naturally I would put half of the money in high interest accounts and investments, stock market and property.
Allow myself to have a budget of 20k yearly (until I finish uni), go to uni (since I'm only 18) get my degree, lol I'd have to cancel my student finance application. I was thinking taking year out for travelling but travelling for a whole year I would become lazy and complacent that I would rather live off the money so in that case I would a get a job. So I don't get bored with my life.
General Fun stuff;
I'd buy a range rover & a escalade
Buy a apartment in Manchester city centre
Live in New York for a year
Go grocery shopping
Gift my two friends with a car (with that distance relative charade)
Visit Japan and china
Go to every restaurant and food outlet in Manchester and try new foods
Hire a Personal trainer
Fly in first class
Get my teeth fixed
Buy a mac book pro 15 inch with retina display
Purchase half of the outfits I've pinned on my pinterest board
scuba diving in hawaii
Have a huge family reunion
Find out who is struggling financially and pay of their debts max 5 families with £50k debt
Meet Foster the People and follow them on their tour
***Fantasy over***
lol that's all I could think of right now, if you bothered reading, thanks!