Euro Millions

Slightly off topic, but this popped up on my feed earlier.

youtu.be/pPD2RYfV6M0

Incredible story.

Used to do the lottery twice a week but once the price was doubled and the numbers increased I was finished with it.

Every now and then what I have saved from the lottery goes on increasing my premium bonds.

I do think the various lotteries should have the jackpot capped at £1 million and offer many more prizes though.

The big wins serve as marketing. Lots of lotteries out there with smaller wins that people could chose to support instead if they wanted to

As a windfall of £114 would make a difference to me, let alone £114million. I can't afford to gamble but if I did, and won, I wouldn't go public in any circumstance.

I have had about £20 in Premium Bonds since I was a baby. They won £250 when I was nine. My mother insisted £200 was reinvested into more Premium Bonds, I had to give £10 each to my grandparents and my siblings, and I was allowed to spend £10 (on a pink dressing gown, and a rug for my bedroom to cover the stained carpet). As soon as I was 18 I cashed the £200 in, to put towards buying a car. The remainder has never won anything else.

I do think the various lotteries should have the jackpot capped at £1 million and offer many more prizes though.

Although I don't buy lottery tickets, I can still speculate about what would I do with a humungous win. Firstly I would remain anonymous.

Then after a little while I would give a modest sum to various family members which would be a blessing to them (eg enough to pay off a mortgage), telling them I had a small win or inheritence.

I would also spend a relatively small amount making my life easier (eg getting in a decorator to repaint the walls and maybe a one-day-a-week cleaning lady)

Then I would take time to decide which charitable causes I wanted to support.

Hopefully none of this would make anyone suspect that I had megabucks and so I would not be a target for extortionists or kidnappers. I would continue to keep a low profile. However I would spend a bit of money on home security.

They have 50 friends they will share some with. The 51 friend is going to hate them. Sadly this 51st often ends up doing more to spoil their lives than anything else.

See it was acquaintances not friends who turned on our local winner.

They had bought houses for all members of the family. But the local gossips were disgusted that the houses were "normal". They were in the same neighbourhood the family had always lived in and were just ordinary semis.

As far as I know his family members were delighted with their houses but the gossips thought they should have given something flashier to family members and branded them tight etc....

It was quite nasty actually. And didnt seem to come from anyone who was close to the winners

You would! Those big manor houses cost 10s of thousands a year to run too!

I found a 2 bed apartment for just under a mil a few miles away. Not even that big had one of those open plan living areas where your kitchen is just along the back wall of your living room.

I'm not keen on that!

Did find a nice 4 bed surrounded by trees.... I would spend my win on buying somewhere where I could see nothing but trees and sky from every window!

It just shows how house prices vary across the country. I'm now dreaming of my new life as lady of the manor....

Though I'd need another win to pay for the staff.

Having a million would depend a lot on your age. If it was a youngster they'd be hard-pushed for it to last a lifetime all things taken into consideration.

I did a rightmove search for 900,000 - 1,000,000
A few 4 or 5 bed detached houses (not shabby! But certainly not remarkable palaces.)
A few thatched cottages
A fair amount of 3 bed apartments (mostly penthouses)

That would maggie!

Sorry, that should have been Grade I.

Grade II - pah, as if I'd consider that.

notanan2, where I live a person with a million in property would be famous locally as the local millionaire! I have just checked to see what I could buy with my money. The only house coming up in that bracket (spot on a million) is a beautifully maintained Grade II historic manor house in 2 lovely acres. With five reception rooms as well as the splendid Great Hall.

I'd stand out.

Its not a great deal of money in that a person with a million in property these days isn't famous locally as the local millionaire. You can spend a mill these days and fly under the radar.

It will change your life and maybe your loved ones lives, but you wouldnt particularly stand out and be considered very rich/wealthy

Noone is saying that a mill wouldnt be life changing

A million is not a great deal of money now. It would just about build a fairly modest house where I live

Your interpretation must be different to mine.

To me, and I’m sure to plenty of other people, that would be pretty life-changing.
Noone is saying that a mill wouldnt be life changing, what we are saying is that it would be easier to explain than larger wins without having to go public about the win!

Spending 1mill wouldn't attract the same attention or security risks as spending a euro millions win would.

*play (or Freudian slip ?) (DD calls playing the lottery the 'stupidity tax' ?

The thing that people forget when they suggest 'more smaller prizes' is that it's only the massive prizes that keep people paying and playing - as soon as it gets to a really enormous sum, more and more people play, making the prize money grow even larger. There are plenty of lotteries now and even some of the Camelot games where you can win smaller prizes so it's horses for courses as such - people who pay Euromillions want to win big. I believe the UK does very well at winning the top prizes which may suggest that more of us like the idea of a massive win - I know I do and have never missed a draw since it started.

Well round here - which is what I’m interested in - the average house price is still under £160k, so I could buy six outright and have £40k change. To me, and I’m sure to plenty of other people, that would be pretty life-changing.

It certainly is to some of us! shock
I think what that poster meant is that it is not an unusual amount to own, not that it wouldnt be life changing.

There are plenty of not particularly flash properties around worth half a million. It would be relatively easy to spend it without attracting a lot of attention. If you tried living like the super rich on "just" 1mil it would be gone in a flash.

Round here it would maybe get you 3 bog standard semis, more easily 2 terraces and a semi, and leave you no change at all. So if you wanted to significantly help out family and friends or help your children on the property ladder it wouldn't actually stretch very far.

Well, not wanting to brag, but I got a free lucky dip for next week’s lotto this week and £25 on the premium bonds. I’m working up to my big win.

A million is not a great deal of money now.

It certainly is to some of us!

Well I didn’t win the Euromillions but ERNIE did come up with £225.
Please form an orderly queue !

A million is not a great deal of money now. It would just about build a fairly modest house where I live. However that is a massive win to worry over. I think you need to go public to get the support and advice of Camelot financial advisors and with such a huge win you would certainly need that.

My links never work, is there a trick?
www.businessinsider.com/what-lotto-winners-go-public-2016-1?r=UK&IR=T