[Closed] You win 100k on the lottery. What do you do with it?

I'd move to an area that's a bit less 'up and coming'

Unfortunately i'd need a bit more than 100k to get something this size 5 miles away.

Stalk people

First thing I'd do is work out if I could retire on it. Probably not, so work out how to fund retraining to do something I enjoy until I retire. Maybe invest in a franchise, something like that.
Boring, but realistic when you haven't got a job!

I would pay the mortgage off - live debt free for a while. Our mortgage is only tiddly though so would leave a hunk of cash left over for an Alfa Romeo GT 3.2 V6 and helicopter lessons.

Then a dream holiday for me and Mrs Danny...

Coke and hookers! Obvs!

Buy a plot of land to start the Grand Projet.

I said no virtue signalling, binners. Even if are a man of very little virtue...

In fantasy land it'd be Nissan GTR, Geometron, mega shed, commercial espresso kit and then call park tools and say "one of everything please".

In real life I'd get a fairly nice used car and put the rest into the mortgage.

I'd buy some woodland and build an overnight shed style place on it. Somewhere that gave the feeling of wilderness but at the same time easy to get to. If it also happened to be a hillside suited to some mtb tracks then that would just be grand.

Career break and some travel before nipper starts school.

I'd have decided to move house in less time than it's taken me to write this post.

100k?

That's a nice chunk of cash, but (arg...flame me down)..in this day and age, not really a massive amount..
(hear me out)
As in, you couldn't buy a house/flat outright with it, you couldn't take MASSIVE gambles (i.e, if I won 5 million, you could play about with investing in crazy stuff).

Put it this way, you could get a business loan for 100k under most sensible circumstances...

ANYWAY.... boring hat off, fun hat on....

I'd try to buy a small chalet/lodge in the alps or a better one in the wlsh hills, and market it for muddy bikers.

(really i'd want to pay some of the mortgage off)

DrP

Mortgage would be the no. 1 thing. A big chunk of that gone would mean being debt free sooner.

That's a nice chunk of cash, but (arg...flame me down)..in this day and age, not really a massive amount..

That's the point.

The only exception to having to be boring is that you assume it doesn't go on the mortgage.

But with "just" 100k,you have to be more discerning in your answer. Except for binners.

As in, you couldn't buy a house/flat outright with it,

That depends where you're looking to buy.

Me I'd just clear up any debts including the mortgage and then buy my camper van I've been wanting.

I've got some land in India I would do something on. It's where I plan on retiring to. I would also put on the race I really want to, but without the rigmarole of getting cash out of sponsors.

Put a nice chunk of it towards a deposit for a new house, pay off my car loan and spend the rest on a new bike and a good few riding holidays.

Set up a small brewery and try and make a small income off of it.

I'd buy Winnebago style jobbie and spend every summer hooning around Europe.

OK OK.. I get it now..

So, 100k...erm...

I'd get a van and pimp it out and kit it up for family trips away...
I'd do another house extension, and I'd probably get di2 for the tripster!

DrP

Now we're talking bazz.

Right, the rest of you stop wasting your winnings on repaying the man!

A custom motorhome with on board MTB repair workshop and parts shop. Fund the summer season in the alps, mooching from resort to resort...

Have a couple of winters skiing and summers riding. Maybe buy a camper and do Europe one year and go further afield the next.

Lovely.

half decent sailing boat, and the requisite courses/training to get me across the oceans.

Or invested in whatever it takes to change from an office-bound career, into an outdoor one.

Trip to Colombia obviously..

I would buy an expensive watch that i would look after for the next generation 🙂

Buy a house for myself and with the change a small car, i dont need a castle to live in 🙂

A very nice campervan and supplies for an epic mtbing trip round Europe.

I'd probably try to resist the temptation to set up a bakery and instead put most of it towards financing a big - several month - trip away every few years for the forseeable.

Annoyingly I know I'd just waste it - unit trusts.

Invest in a small buy to let.
Holidays to Majorca (road bike) and whistler (mtb)
A couple of nice presents for friends and family
5 bikes
Lots of cool toys
Lots of nice meals out
Booze
Gentertainment

I would buy a plot of land (£75k) off a farmer I used to work with.

Its only 5 miles from where I live, a few miles from nowhere, hidden away nicely.

An old Oak plantation, with maybe 20-30 old boys still standing, it has young Ash squatters trying to take over, full of wildlife, not been touched or farmed for at least 50 years.

It has a brook running through, finishing in a lake, which has good fishing apparently, I would build a wooden lodge, with a jetty, then bunk up at the weekends and chill, reading, drinking whiskey, or maybe some night fishing.

Should be able to build a nice wooden lodge for 25K 😉

Use it to finance the extra cost of proper business class for all future long haul holiday trips on schedule flights. I'm 6 3 and anything over 7 or 8 hours in economy is a git.

oh I'd go and get a 4 pack of Stella and live it up, maybe some pringles too, S&V obvs, not the sour cream and onion, they're gross.

I'd sell up and move to Thailand.

take hit out on Trump

^ 😆 @jekkyl

Me?

1. Pay off mortgage
2. Either do some home improvements to accommodate growing family or move to a bigger house
3. Buy a Porsche, model depends on how much £££ left after 1 and 2, but I suspect I won't be able to afford the one I want 😆

I'm not proud of the fact that giving some away to those more needy didn't even enter my mind 🙁

I've always said I'd want the time, not the stuff if I were to win big.
Load the bike I already have with the gear I already have and go on a trip like Markus Stitz is doing at the moment (but with gears!). To tour without a time limit is the stuff of dreams for me.

I'd buy binners.

As per DrP its not really enough to go crazy. If you are confident of finding work on your return its 1-3 years off work depending on various factors. As I'm watching a sailing programme about the Transat Jaques Vabtes a race a friend did this year, 3 sailing options where I could skipper

1) you could spend the whole £100k taking part in this race inc 6 months training on a Class 40 (cheapest class in this race)
2) 2 years doing lower key more social racing in UK and France on a budget £50k boat you can buy outright whilst working full time or
3) do a year off work sailing and ride Alps too shuttling between coasts (say Southern Brittany and Med) and mountains.

Options 2 and 3 you could have a boat to sell / own at the end worth £30-40kand depending on which year do a transatlatic race (they tend to be every 4 years of the 2 handed type I am interested in)

My choice option 3 with a boat at the end

[img] [/img]

As in, you couldn't buy a house/flat outright with it

I could buy two here and have change 🙂

Surely thats a deposit for a couple of buy-to-let properties isn't it?

Runs away and hides...

Real life, pay off a chunk of the mortgage, with 30 years left on it £100k would probably halve the time left on it.

Sensible, buy something nice (flame me, a watch, most likely to still have it in 30 years time rather than a bike/car/boat), and put the rest on the mortgage.

Risky; 30bbl microbrewey and hopefully a job for life in that.

Daydreamin; buy a boat and sail round the world.

Alright then, assuming I've got a job by then. A Tesla Model S. And a Yeti SB5C.

Mortgage paid off and car on 0% extra

£100k not enough to help us buy an appreciably better house round here, so I suspect we would - as we've already jokingly discussed - move out for 6-12 months, gut the house back to bare brick and remodel it completely internally - the existing layout just has odd room sizes all over the place.

The garage might be extended to provide more secure storage.

The alternative would be a buy a rental property as a 20 year pension plan.

Flippant answer - either N+several or a divorce, her choice!

Purely selfishly?

(1) Fix Mrs MRs shoulders via private healthcare, then a (2.) Specialized AWOL Evo and (2.5) Turbo for me, then (3) all the lightweight camping/bivvy kit money can buy, and then (4) a camper van with room on the roof for a (5) kayak so we can sod off in style whenever time allows. Lastly (6) - two years rental (or however long remaining funds cover) of studio space to get me back on schedule.

Done.

The alternative would be a buy a rental property as a 20 year pension plan.

This is what most of us probably would/should do

Fix Mrs MRs shoulders via private healthcare,

Actually on seeing this post I'd probably spend £25k on two knee ops & rehab and stop pontificating, the rest as above

Given that the current BoE base rate is so low an investment can outperform your mortgage... But anyway, I would buy land as well and let it appreciate in value

Unless Mrs Ed gets involved and just sends it on a load of stuff ...

Buy a smaller house with at least an acre attatched.
Plant a small wood, dig a pond and run a caravan CL.

This would have to be somewhere where I could encourage wildlife, especially more birdlife.

Garden big enough to grow my veg and fruit.

Get the attic converted (£20k) and probably invest the rest in pensions etc...

15k on this [img] [/img]

Then the rest on a kitchen like this

[img] [/img]

I'd be moving house to somewhere bigger and closer to the country side.

I don't mind having a mortgage, it's part of life, just wish the mortgage got me more for the money!

£75,000 on the mortgage and £20,000 split between [url= http://www.oxfam.org.uk ]Oxfam[/url], [url= http://parrots.org ]WPT[/url], and [url= http://www.whizz-kidz.org.uk ]Whizz-kidz[/url] . What's that? it doesn't add up? Well I had to buy some new cycling things...

Mostly deposit on a house; I've got a reasonable salary but no deposit and saving is slow. Though, I'd spend a few grand on bikes, holidays, stuff for the family too.

I've always wanted to pay for some big sections of trail at my local forest. Complete a big loop they've had planned for years but never have the cash to do.

I'd spend a bit on a newish car and put the rest into a trust of some sort for the grandchildren.

Houses round here are pretty reasonable, so a good lump sum towards one, and a newer car would sort me out nicely.

30k would mint my house up Good and proper. I would then buy another smaller house to move into which, around here will be about 70k.

Then sell the first house, which is mortgage free, for 100k so I'm back where I started.

Get a static caravan for 15k, 10k aside for a few years site fees. Camper van for about another 15k which leaves 60k.

Dunno now. Probably just cut my hours down at work to only 3 days a week or so then ride and chill rest of week.

Simply pleasures in life 🙂

40k would clear our mortgage. I'd do that, 10k on the nicest S3 Lardrover I could find fit the cash, another 10k for a 205 gti 1.6 for the wife. The rest would pay for a nice round Europe trip with our caravan.

My mortgage isn't huge, I could pay it off, stick a decent chunk onto what I've already got saved for my pension, get a mate in to redo the kitchen and redecorate the house, and replace most of the old furniture*, meanwhile I'll keep working and I'll have enough every month to pay for a new car, and buy a well-specced Defender or Jimny for fun off-road and winter use, and be able to get away and explore more of the U.K. as well.
Investing in a small woodland plot might be fun, but not sure if I could really work it to its best advantage.
Other than that, 100k doesn't really go far enough for serious extravagance.
*Ikea scores highly here, not bothered about how fancy things are.

£1k on an enquiry agent to find ski's farmer £75k on the woodland and £24k on a fractionally less plush lodge.

Arbitrage. I like it crankboy

I'm going long on coke and will make a killing out of binners when he's loaded

I'd buy binners.

The remaining 99.5k wouldn't even touch the Greggs consumption in the first year

£1k on an enquiry agent to find ski's farmer £75k on the woodland and £24k on a fractionally less plush lodge.

Gazumping my dream, that's low, lol 😉

He does have another plot, but he is looking for 250k for that, that has river frontage!

So I guess, nerves of steel, roulette, two bets on red and bingo, dream is back on line .....

I'd move, to the countryside. Then a new caravan, budget one. Should be enough left over to organise a sabbatical from work and do the tour divide.

Maybe invest in a franchise

Loft conversion, maybe a deposit on flat for my sister, buy a new bike or at least some ridiculously expensive wheels, rest in the bank.

[i]Terrible idea! Franchisors will squeeze every penny out of you. I don't think most franchises would exist if it weren't for the sub-minimum wage labour of the franchisees.[/i]

Not to derail the dreaming thread, but how many franchises have you investigated to find out this information??

Take 6 months sabbatical off work to try and set up a business idea I've had for a while now.

As boring as its sounds I'd pay off the little bit of debt my Wife and I have £5k, buy her a newer car that she desperately needs maybe £5k, buy myself a new bike £3-5k depending how flash I was feeling that day and the rest would be a chunky £85k deposit on a house for us and the kids. It would mean longer-term financial security for us and increase our monthly disposable income by a good few hundred quid a month.

I'm in my mid 30's now, I've seen the world, done some crazy stuff and remember at least enough of it to tell some crazy stories and lots of big scars to show for it. Sadly I did it too long and now I wish I settled down a bit sooner and wouldn't be in a 'rent trap' now, still no regrets - one things for sure I know having cash in my pocket makes me happier than lots of toys these days.

The extension we planned when we moved here 5 years ago would cost circa £45k and we haven't a hope in hell of being able to afford it any other way so that would be first on the list.

A new (to me) car - nowt flash - £7k plus whatever mine is worth.

The rest would go towards the kids further education etc.

Buy a buy-to-let hovel n the grim north, charge the earth for rent.

An Alfa 3.2 V6, prob Brera and maybe 40,000 lottery tickets

Buy myself one of these 😀
Rocky Mountain Maiden World Cup (2016)
[img] [/img]

Got my 50th coming up in 2017. Would plan a massive party bash here on the farm and invite everyone I have ever known. Stick up a huge marquee, get my mates band to play and a quality man on the decks to fill in, in between. Free bar, camping on site, party for the whole weekend 🙂

PS I would take out a loan if it cost any more

Get a camper van for adventures with my daughter.

Pay the mortgage off,then set up some sort of business. Definitely not yet another freaking bike shop in Malvern tho

Or, buy my parents a new kitchen and help my wife to start up her own business, and maybe pay for a part time conversion degree in building surveying.

20 punts on the AIM market and hopefully watch it grow.

I'd buy a really expensive watch...