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Just Won £1 Million on a Scratchcard

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Just won £1 Million on a scratchcard

lizzie95xx
2 years ago
What do you think of this?
lizzie95xx
lizzie95xx
Original Poster
2 years ago

I wish!! What would you do with the winnings? Top 3 things x

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Lynibis
Lynibis2 years ago

I would buy both sons a house (obviously let them choose) and pay off my mortgage. Put enough aside to supplement my pension so I could live comfortably and then divvy the rest among other family members.

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1
ACR
ACR2 years ago

1. Hästens Vividus bed - sleep 10 hours a day 🛏️ 😴

2. First class ticket to Tokyo ✈️🇯🇵

3. A 4.5kg Toblerone 🔼

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jojowane67
jojowane672 years ago

go get a tummy tuck ,,, sort my kids out with 1000k each ....take my hubby to spurs football club and ask Deli ali Harry Kane and christian erikkson to take him round the club give him one of each kit aks would they take him for dinner and a night out n buy him a new car .... id offer then 20k each for the time .... if the refused id ring the local paper to put a ull spread in to show how much there not worth ... for turning down a disabled mans dream to meet them

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nicolajaynehend
nicolajaynehend2 years ago

1 look after my dad. 2, buy my jeep I've all ways wanted. 3 do up the house put on some extra rooms and make the kitchen bigger. That my 3 things I would. Wit the money I won🌼🌼🌼

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MrsCraig
MrsCraig2 years ago

I would pay off the mortgage, give my mother in law some money so she could pay off her mortgage and give her some financial stability, the rest I would save for when I needed something, like a new car or redecorating the house.

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kamilasoon84
kamilasoon842 years ago

I've been asking myself this question since I was 19 years old 😉 It changes every few months but right now I would buy a small, wooden house in the mountains. Just to have a little place to escape. The rest I would probably give to my mum and to my mother in law. They gave their lives to others so at least I could treat them this way... So.. where is the nearest scratch card point?! 🐸 😆

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Opportunist17
Opportunist172 years ago

My first objective would be to use half of the funds (in this case £500,000) and invest it in such a way to generate at least £5000 a month. 

Refinancing investments is a preferred option, although sometimes there are deals with fantastic cash flow, which require cash deposits to be left in them for the long-term. I am happy to do this as long as there is a great return on the invested funds of at least 20%. 

Purchasing HMO (House in multiple occupation) type of property (which should generate £500-£700 net profits per month property) could give me an extra cash flow of  £2,500 to £4000 profit per month.  I don’t really need that extra cash flow so I would use this extra income to build up a bigger cash reserve for the future.

Talking about cash reserves, I would want to keep £150,000 in reserve for those occasional fantastic investment opportunities that come up which require a very quick cash purchase. If you are looking for them, the “deal of a decade” comes up about once a month.

The final £100,000 I would use as a long-term hedge against future potential high interest rates. My personal preference is to invest this money into physical silver and gold. Both of these precious metal commodities have dramatically increased in value over the last few years and some people believe they have reached the top of the market. However I have consulted with some of the best commodity experts in the world who really know what they are talking about, and I now believe that these commodities could significantly increase in value over the next 10 years.

To summarise: 50% of this money invested to generate sufficient cash flow. 20% invest into long-term projects to generate cash flow. 15% I would keep ready to use for rapid cash purchases. 5% to buy options. The remaining 10% to diversify into commodities as a long term hedge.

Reference: Article from Justdoproperty website by Julie Hanson

Julie Hanson along with her husband Alec is Co Director of Just do Property  .

Alec and Julie are passionate about property - development, investment and portfolio planning and hope this new website continues to assist property investors with investment news, opportunities and up-coming events.

Its all about Passive Income for me. (Earn while you sleep).Then I can not work if I choose to and be my own boss 🙂

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MumOfThree
MumOfThree2 years ago

1) buy a house, 2) fantastic holiday every year 3) go part time at work as I wouldn't be paying a grand in rent!!!

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zerocenturyzero
zerocenturyzero2 years ago

Buy a House

Invest in something

Donate money to a soup kitchen to feed the homeless on Christmas day

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Jamala
Jamala2 years ago

Retire.

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