[Closed] what would you do with £100k ?

Probably chuck the fat end of it at bikes, sports cars, motorbikes, beer and women then waste the rest.

£100k would just about nearly pay our mortgage off nicely.

Buy a nice house with a fairly small mortgage, build a man-cave/observatory in the garden.

Have a holiday...

Invest it all in a SIPP

Car, bike, mortgage, holiday, plastic surgery.

Travel. *edit*

Travel [i]in style[/i]

Bugger off and travel for the next 10-15 years

Fix up the basement, paint the house + other assorted odd jobs, new car, new bike, holiday.

Maybe two new bikes 🙂

Pay off the mortgage almost to the penny.

Next question would be what I'd do with the £800 I currently spend on my mortgage each month! As warped as it feels, and I know its soo wrong on many, many levels, I'd get a CX bike with the first months money saved.

Nothing much apart from putting them in saving accounts with no risky ventures.

Perhaps will take half of it to re-invest in my small business venture.

Perhaps will take half of it to re-invest in my small business venture.

Maggot farm?

Buy another house, part of one that is.

100k isn't a huge amount of cash these days, in the grand scheme of things although I wouldn't turn it down 😯

I'd pay off my existing mortgage and use what's left to have a new bike and a holiday 🙂

I'd move out of our current house and rent it out, and buy another one with a £100k deposit.

pay off the mortgage take my mum inlaws and wife and kid on a nice holiday. Then being mortgage free look for a different job which is not in Chris Grayling's demented gift.

Pay for our planned loft conversion then pay [s]£70k off the mortgage[/s] £65k off the mortgage and buy a bike van.

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and some travelling

Pay off the bar tab at The Groucho.....

80k towards the mortgage, the rest would be a holiday and a newer car.

Pay off the mortgage, get a better car, stick the rest in somewhere with a reasonable return.

Invest it all in a SIPP

lemonysam - Member

Perhaps will take half of it to re-invest in my small business venture.

Maggot farm?

No. Small cafe business perhaps.

Maggot farm. No, because I don't harm animal. But for zombie maggots that's entirely different thing.

70% of it into stock to be drawn on if we are ever allowed to build on a plot of land the GF has.
a motor for biking.
not a lot i actually need right now.

as said above, 100k isn't that much... i'd still have to think about working.

although i guess i could use it to move into something new, or help take the strain off... an extrs 5k/year for the next 20 years (prob longer if well invested) would be nice.

I'd buy a house, maybe two.

extension on the house and build a garage with boiler room for the biomass heating system

kids to private day school I reckon.

http://www.bbc.co.uk/news/science-environment-21682457

Mortgage. Boring, but necessary.

I'd probably blow about £50k finishing our house, and paying our debts off.

I'd put a few £K in the kids bank accounts for when they're older.

use the rest as a deposit on a small flat as a rental investment.

Predictably... invest it to pay a chunk off the mortgage when the rates go up. £100k not a life changing amount these days. Though I do like the idea of using it to replace the sheds with a proper man cave.

This:

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But with chocolate money.

coke n hookers....got in there first!!

kids to private day school I reckon.

Should cover a couple of years for two children...

Pay off the vast bulk of my mortgages.

£50k deposit on a £100k investment property
Max out this and next years ISA allowance
pay off overdraft and small finance deal
New (first) car.
2 new bikes, and big upgrade on an existing one.
Holiday to Whistler
A nice weekend with a lady friend in That London.
New iphone
Big party with mates.

The reason I can be so specific is, well, work it out for yourself. 😳

would save a bit but mostly i would try and buy a cheap place in cornwall (even a permanent caravan)
try and find some work by the sea front
and spend some on buying myself a kawasaki zxr 636 ninja motorbike,suzuki trail bike,some guitars/amps effects.oh and maybe a few bikes also (spesch enduro,jeff jones titanium spaceframe bike/a nice road bike.and an original mini cooper if i had anything left 😉

1. Chunk off Mortgage
2. Chunk set aside for kids
3. A trip to Venice for Mrs Seadog (she lived there many moons ago and has always wanted to go back)

Finish getting the house completely decorated.
Perhaps get an extension stuck on the back.
Pay off as much of mortgage as we can with the remainder...

Pretty boring, really!

I reckon getting a little house somewhere that could act as a weekend bolt-hole or rental property near some decent biking would be a good plan. Even more so if you weren't dependent on the £100k making a load of money for you so you could just rent the place out to friends and family and have access to it whenever you wanted...

[rushes off to look at house prices near the sea but within striking distance of big hills and decent biking]

stumpy01 - Member

Pretty boring, really!

there's quite a lot of 'pay down mortgage' suggestions above.

which is ironic, as the only way i could get my hands on that much money is to sell our house.

(and a kidney or 3, and save hard for a decade or 2)

so, the answer to my sub-question : 'what should i do with the money if i sell my house ?'

is : 'buy a house'

great!

I was hoping for a few more suggestions along the lines of 'buy this (link provided) small farm in perthshire, and make a living selling photo's of my dog on Etsy. oh well, back to the ratrace.

pay one of the invoices that are sat on my desk.

there's quite a lot of 'pay down mortgage' suggestions above.

Single biggest life changing thing you can do - frees you from servitude to 'The Man'. Either that or kill someone which also frees you in a different kind of way....

Two 50% buy to let mortgages on 2 £100K max properties which should be paid off in full along with my real mortgage just in time to retire in my late 50's.
Any yearly surplus can be used for family holidays.

Buy ten million penny sweets.

I would make sure there was a mixture, so I wouldn't get bored. Ten million Blackjacks would be just crazy.

Pay Woppits TV license fee for life - malevolent benevolence 😉

By a wood.

Renovate the building that we bought in Greece a couple of years ago, so that it can be used as part of our house. That would take care of £25,000 probably. The rest we'd just use for travelling to and from and within Greece and stuff like that.

Pay off mortgage

Buy a house - a fixer, make a profit

Buy another house - a fixer, make a profit

Buy another......etc

Get to the point where I had a 'free' house - rent it out

Buy another......etc

Put some money into the three business Mrs STR and I currently have and expand.

Start a 4th business venture I have in mind.

Retire somewhere sunny

Pay for some less fortunate kids to go on holiday, before greed gets the better of me.

Buy a house in Cumbria, near Whitehaven/Cockermouth and get a job up there doing whatever.....handy working in the area's big industry already though 😉

TBH I'd live in some ex-council house safe in the knowledge I'd never need worry much about what job I'm in as long as I can pay the bills, and just enjoy riding one of the best landscapes England has to offer!

Saw the news tonight and the winner had gone public on his huge win. Oh dear, I fear it can only end badly for him!

hitman! to bump you lot off and steal your money...

kids to private day school I reckon.

I [sort of*] was given that amount and it went on school fees for two of my kids up to GCSE.

*BIL offered to pay - I wouldn't have got the money if I'd declined!

A decent chunk of a house, a reasonably nice but sensible car, and at least one new push bicycle. And about £30000 left over to spend on travel and trinkets