As I am part of a work lottery syndicate, maybe one day…I assume £1.5M as my share.
As I have 5 kids (19 - 26), I would set up an investment of £50K each towards a house/flat.
Pay off the mortgage I now have after my divorce two years ago (this would be the third time I would have paid it off FFS).
Stop working and take a break with the GF for 3 months in the far east.
Oh and look to move house when I get back to a slightly nicer one and then buy a couple of investment flats/small houses to boost the pension. Leave about £100K as a buffer.
Chop in the Porker 944 for a second hand Merc SL and a crap hatchback (£3K motor) to cart things about and take the dog places.
Far too sensible, but 20+ years is a long time to survive without working at some sort of good income level.
A flat in the Golden Lane Estate. One of the Arne Jacobsen bungalows in the Interbau / Hansaviertel. A decent education for my two nieces. The rest on (mostly train) travel.
Top priority would be making sure that the kids were financially secure. Depending on the size of the win, I would pack in full time work and concentrate on doing those bits and pieces that I really enjoy. Ideally, I would spend a fair bit of my time enjoying the weather in Oz and travelling in general. A shack close to the beach like this would be just the ticket:
Other than that, I would settle for good health and time to enjoy the finer things in life (e.g. having the odd beer with my friends etc). Not really bothered about cars or hi fi or any of that bollocks. Good times and nice people is where it is at…
I would plod along doing exactly what i’m doing now. Age 65 I would change my name to the human Bollard, move to California and have genital enlargement procedures leading to a whimpering girth then try my hand at porn.
Assuming a win of average size.
1 Set up house / education trusts for the kids.
2 Pay off all debts.
3 Buy a couple of investment properties to rent out.
4 Spruce up existing house.
5 Bloody good holiday with the family.
6 A small amount of reckless spending on geegaws and trinkets like cars / hi-fi / watches / and wifely equivalents / shoes / dresses / bags and the like
6 Invest whats left.
If fuck you euro millions money is involved then aside from less restraint in the reckless spending department I’d probably buy some land and have a house designed and build from scratch.
It’d be as self sufficient as possible with solar / wind / geo energy generation (but still connected to the grid for that nice fit payment) and have the obligatory home cinema and music rooms with some nice toys in it. Probably one of those underground garages with a car lift too, we are talking silly money after all.
And electric gates and a big wall to keep the riff raff out.
I’d not quit work though. I’m lucky enough to enjoy my job. I might cut down the number of days a week i work but I’d still want to do something.
