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If I were Filthy Rich
By Gogsgogford28
+24 If you won Set for Life…

…how would you maximise the lottery winnings? £10k per month for 30yrs isn’t that much especially with depreciation. Would you not touch it for a few years to build a pot and invest? Invest in what? Property? Would you quit your job? Curious how one would make it count and properly life changing for those 30 years and beyond?

Recent responses

+18 @PraetorianHawke 10k per month, I don't quit my job. That 10k allows me to max out retirement investments (usa) and put at least 5k per month on my mortgage. Once the home is paid for in 5 years, that frees up another 3k per month. Now we're in the money.

+12 @bunnyswan Assuming a bank would let me use it for a mortgage I would start by buying a property, for between 500k-1m hoping the property would appreciate and that property prices would go up at least in line with Inflation I hope this would be a good start. I would max out my daughters child isa each year. Put a nice chunk in mine and my partners pension. Have a bit of fun travelling and buying some treats. Maybe I'd do something a bit more risky, buy some canal side land and set up a business with a revolution laundry, water, bins, Elsan, a small cafe or just a hot drinks machine and some seating. Or buy a building like an old pub and start a community space for music and the arts.