£201 million jackpot on the Euromillions tonight!

[porter_jamie]

A no dogshite food supermarket is a nice idea.
Id be fascinated to know how much it would cost to feed an average UK family with zero processed shite and only fresh veg and meat.
I know when I went carnivore the meat bill was a bit hefty. I think you'd have to subside the meat a lot, and then the Waitrose types would come in and clean you out cos it was cheap. So a sort of means tested farm shop/food bank type of thing perhaps.

[Mr. Dazzle]

I've always said we'd pay off the mortgages of all friends/family. We'd probably put some tens of millions away for Baby D, structured in some way (don't ask me how!) so she can't just get at it randomly.

I like the idea of some kind of scholarship thing. That's way more effective than just giving people in need money, teach a man to fish and all that.

I have no idea how to implement any of it.

Still doing the Kazoos though.

[millemille]

Coke and hookers.

And the waste the rest on the following.

Drop a couple of million on an old farm with a bit of land up in the high peak, nice house for me (so a proper kitchen for me to run riot in) and the missus and family guests and out buildings converted into nice accommodation for friends. Large secure garage full of several of everything Ducati make and a bucket load of emtb's. I'd like to have guests all the time. Have a fully equipped workshop, and I mean CNC and welding and beyond, and employ someone talented like @porter_jamie's brother to turn my mad thoughts into reality. With a man cave on the side of the workshop where all my mates can sit around smoking cigars and drinking whiskey and unwinding and getting our mental health sorted.

Drop another couple of million on a decent villa on one of the Greek islands, probably Zante, and fill the garage with supermoto's and leathers and boots and lids etc. and bring mates and their families out. Supermoto riding round the island in the morning while wives and kids play in the pool etc. and then siesta in the afternoon and then all pile into one of my mini buses and head to a local taverna for dinner.

Buy the biggest Mercedes Sprinter they do, kit it out as a race transporter and have a couple of nice Ducati 998 track bikes, clad in anonymous white bodywork, and spend a couple of weeks at a time being a track day gypsy around Europe.

Id' buy the nicest condition Toyota Celica ST185 GT4, JDM wide arch, I could find and I'd drive it to Abbey Motorsport or Japex or someone similar with a suitcase fill of cash with the simple instruction to build me the best tarmac spec rally car you can when you bring the car and cash together .

Maybe see how much it would cost to buy the Mas Duc Clos circuit (https://www.racingcircuits.info/europe/ ... -clos.html).

Lots of travel, both tourist and riding and driving. Japan is top of the list, a one-to-one guided tour around Japan for a month would be agreeable. Emtb around Marin county and Mammoth and Moab and Durango.

So, no real plans if I were to win...

[Taipan]

I didnt win. TBH I'm glad i didn't and for the same reason I never normally enter the Euromillions, it's just too much money for someone like me. I think it'd actually spoil my life and those around me. I normally do the win£10k a month one. That'd do me nicely.

[weeksy]

Coke and hookers.

And the waste the rest on the following.

Drop a couple of million on an old farm with a bit of land up in the high peak, nice house for me (so a proper kitchen for me to run riot in) and the missus and family guests and out buildings converted into nice accommodation for friends. Large secure garage full of several of everything Ducati make and a bucket load of emtb's. I'd like to have guests all the time. Have a fully equipped workshop, and I mean CNC and welding and beyond, and employ someone talented like @porter_jamie's brother to turn my mad thoughts into reality. With a man cave on the side of the workshop where all my mates can sit around smoking cigars and drinking whiskey and unwinding and getting our mental health sorted.

Drop another couple of million on a decent villa on one of the Greek islands, probably Zante, and fill the garage with supermoto's and leathers and boots and lids etc. and bring mates and their families out. Supermoto riding round the island in the morning while wives and kids play in the pool etc. and then siesta in the afternoon and then all pile into one of my mini buses and head to a local taverna for dinner.

Buy the biggest Mercedes Sprinter they do, kit it out as a race transporter and have a couple of nice Ducati 998 track bikes, clad in anonymous white bodywork, and spend a couple of weeks at a time being a track day gypsy around Europe.

Id' buy the nicest condition Toyota Celica ST185 GT4, JDM wide arch, I could find and I'd drive it to Abbey Motorsport or Japex or someone similar with a suitcase fill of cash with the simple instruction to build me the best tarmac spec rally car you can when you bring the car and cash together .

Maybe see how much it would cost to buy the Mas Duc Clos circuit (https://www.racingcircuits.info/europe/ ... -clos.html).

Lots of travel, both tourist and riding and driving. Japan is top of the list, a one-to-one guided tour around Japan for a month would be agreeable. Emtb around Marin county and Mammoth and Moab and Durango.

So, no real plans if I were to win...

FFS

No DH team?

[kendo57]

I won £3.90 , Don't think it will spoil anything in my life

[Taipan]

I won £3.90 , Don't think it will spoil anything in my life

But, if you spend £2.50 on a ticket for tonights lotto draw....

[MrLongbeard]

First thing I'd invest in is a bloody good financial / tax adviser, and spend what ever it took to find every loop hole going to get around the £3k personal gift allowance before it becomes taxable so I can give most of it away without lining government pockets.

[Mr. Dazzle]

I know a couple of people who've been 'fortunate' enough to have tens or hundreds of millions drop into their lap. That's a complete undersell though, it didn't drop into their laps at all, they sold their start-ups (where I worked) to big multinationals. One bunch sold for ~£65m and split the money 40/40/10/10. The other guys sold for a smidge under £200m and while the split was complex, they made alot of money. My 'big boss' at work netted more than a hundred million I think (I got a chunk too, but not a hundred million chunk )

You' wouldn't really know it! Yeah OK one of them drives F1 cars for a laugh now, but my boss for example still comes in and still acts like he ever did. If anything he works even more now. The F1 guy actually started another company where I also ended up working.

I suspect their is a certain mindset who can 'handle' this kind of money and it's probably strongly correlated with the sort of person who can make that much in the first place.

[Noggin]

I didnt win. TBH I'm glad i didn't and for the same reason I never normally enter the Euromillions, it's just too much money for someone like me. I think it'd actually spoil my life and those around me. I normally do the win£10k a month one. That'd do me nicely.

Same, I wouldn't thank anyone for dropping that much money onto my doormat, a hundred times less is plenty.

IMHO anything over a couple of million is too much, I've never understood people that want that sort of money, or even keep going once they've got enough money to live comfortably.
Having tens of millions, let alone hundreds of millions would be a curse, a couple of million is more than enough and then start giving the rest away.

I wouldn't have any issue with having the total of last night to deal with. But then, I'd sort it so I had enough and a decent back up and then find ways to share/giveaway/make good with the rest. I doubt I'd ever tell anyone just how much of a jackpot I'd had, but quietly do what I want to do with it. To the point that, I would continue working for this winter for sure. Might not after that!!!! But I think I'd need the balance whilst working out what to do with it all

But as I said before, I'm actually happy with a pretty simple life. I would like not to have to worry about money and a garage to put a couple of bikes in would be fab. I think I'd struggle to spend a huge amount of money without giving a lot away


That said - in my view it would be better to split a jackpot like 200million into 10 or 100 prizes instead of one person. I suspect that that's almost impossible within the lotto system, but it would be better overall I think

[Mr. Dazzle]

Put me down as one of your ten when you win I'm happy to help.

[MrLongbeard]

First thing I'd invest in is a bloody good financial / tax adviser, and spend what ever it took to find every loop hole going to get around the £3k personal gift allowance before it becomes taxable so I can give most of it away without lining government pockets.

You can give away as much money as you like without it getting taxed.
For example, if you won £200m you could give £100m to your brother and he wouldn't have to pay any tax as long as you live for at least seven years after the gift.

Is that what you mean?

It is, and that covers the inheritance tax side of the issue, but I was / am sure there's tax to pay on gifted money where the recipient isn't a relative.
Everything online I've read is rather vague, but hey that's why I'd hire a money guy

[MrLongbeard]

You can give away as much money as you like without it getting taxed.
For example, if you won £200m you could give £100m to your brother and he wouldn't have to pay any tax as long as you live for at least seven years after the gift.

Is that what you mean?

It is, and that covers the inheritance tax side of the issue, but I was / am sure there's tax to pay on gifted money where the recipient isn't a relative.
Everything online I've read is rather vague, but hey that's why I'd hire a money guy

No it's fine, you can give your money away as much as you like and the recipient doesn't have to pay tax.
I don't know about companies or charities or anything like that, but for actual people there is no tax to pay, I know this for a fact because I've been helping a few people out here and there (that aren't related to me) and I checked.

As you say, the seven year thing is obviously to catch people trying to evade inheritance tax, but if you're just giving money away through altruism and you will live longer than seven years then there is no tax.

Get advice, but I'm sure I'm right.

In the highly unlikely chance I'm in a position to give away millions of pounds I'll be happy to be wrong

[Jody]

For me it would be 100 million to start a mortgage company that only caters to people in the rental hole

If you can prove you've not missed a rental payment in 5 years. You can have a mortgage with payments upto 80% of what you pay in rent. Irrespective of any mistakes you may have made in the past!!

If you want the people in a country to be successful, owning property is a huge part of that

[Mr. Dazzle]

That's a bit different, I'm assuming they're doing it because they're passionate about what they do and don't see it as a job, the money was just a side effect of it.
I know a bloke that sold his business for £350m and he still works, but he doesn't do it for money.

Yeah for sure.

But my point was, if you're the sort of person who can make £100m there's a reasonable chance having all that money won't fuck you up.

Plenty of people on the other hand can't cope with having all that cash and end up like that king of chavs fella.

[ZRX61]

Last nights Mega Millions jackpot was $395M (188.2M cash option which gives you 118.6M after taxes) There were two winning tickets, which were both sold at the same store in Encino (LA). Looks like one person bought two tickets, because the odds of that happening randomly have to be in the billions to one.

[Count Steer]

There's a lot of angst about it being too much and not wanting it etc etc. The issue really is that the people who would take it in their stride don't generally do lotteries. The people who can't handle it do. Therefore I conclude that the prizes are stupid and designed to entice the gullible who, of course, end up like 'I'm going to spend, spend, spend'.

So I propose that lottery prizes are limited to £500k. Spread the joy a bit instead of propelling dim people into the total perspective vortex. If they did that I might even have a go.

Oh yeah, ban scratch cards.

PS I don't think I'd have a problem with £200M tbh.

[ZRX61]

PS I don't think I'd have a problem with £200M tbh.

Break it down into percentages instead of $/£ amounts
10% mad money
10-15% property. You can buy a turn-key vineyard/winery in Ca for around $2.5M-$4M & have it professionally managed so all you have to do is show up & drink wine:
https://www.movoto.com/san-miguel-ca/95 ... _pr187315/

https://www.movoto.com/templeton-ca/557 ... s21264876/

40-50% investments (Vanguard three fund portfolio etc)
X% charity
X% Doing good things
0% churches/religion

In the US you can fund your own charitable foundation (501c3 in this case), that removes taxes from the original amount & also any earnings via endowments/investments etc. It even removes sales & property taxes.
So you could do that & start your own "museum".. which could be something as simple as a *full set* of Kaw Z1/Z900/Z1000's et. Then ya register at the DMV as a dealer. That costs around $7k/year with insurance etc & gets you 5 dealer plates... so you could have 150 motorcycles & just swap the plates to which ones you ride on any particular day. A mate of mine does exactly that.
One of the conditions is that your *museum* has to be open to the public a minimum of 12 days a year.... This is why owners of vintage aircraft get a tax break when the airfield has an Open Day once a month. Reg & Jason Pridmore do this at Santa Paula Airfield.

[Taipan]

That's why I don't want to be rich, it all sounds like hard work and a lot of responsibility. Counts idea works for me. £500k would get me a villa on the costas and a few quid for decent seafood!

[the_priest]

That would be just about enough to fix the roof of my 13th C church.... and tune the organ...

I'd rather put the money into the Food Bank and ensure people had hot meals, warm place to stay and be safe this cold winter. And that would just about cover it for my local area for a couple of years of careful expenditure.