Could you retire on £1m

[Ja Salford Blue]

moving on from the $165m lotto win thread, could you retire off £1m?

I think i quite eaisily could and i'm only in my 20's

what about anyone else?

 

[Le Havre Oswald]

easy.

 

[gaudinho's stolen car]

I could spend that in about a month, easy.

 

[didactic]

No.

 

[Dirty Harry]

Yes definitely, or I could spend it pretty quick if I chose to, but I wouldn't.

 

[Ronnie the Rep]

No. it wouldn't last it isn't actually that much money when viewed over your lifetime especially if you are young

 

[bernabias home shirt]

No.

Course you could and you know it.

 

[Ja Salford Blue]

I know what you mean GSC, but I think i could eaisly retire on £1m.

I have been thinking about it.

I would buy a nice £500k gaff somewhere in Worsley, but I would get it on a Mortgage over say 15years. The intrest alone would pay the monthy payments. then in 15 years I would still have a large lump sum + a £500k house paid for.

pay off the mortgages for my 2 sisters and mam and dad, and throw a few quid their way.

I would also by myself a nice little villa in Spain or the Canaries and spend my time taking Ryan air flights between them.

add a couple of nice cars (again on finance) Range Rover and Golf R32 for over here and a nice 3 series BMW at the villa.

a couple of corperate season tickets at City

and I think I would open a couple of small businesses maybe car valleting, outside catering, contract cleaning, landscape gardening etc. Just to keep busy. and put a couple of close friends / family in charge of them.

One thing is for certain, I certainly wouldnt be working again!


thats my little dream!

 

[Blue Smarties]

No, I'm 18 and I'd be bored by the time I'm 20. I'd invest and work.

 

[gaudinho's stolen car]

I know what you mean GSC, but I think i could eaisly retire on £1m.

I have been thinking about it.

I would buy a nice £500k gaff somewhere in Worsley, but I would get it on a Mortgage over say 15years. The intrest alone would pay the monthy payments. then in 15 years I would still have a large lump sum + a £500k house paid for.

pay off the mortgages for my 2 sisters and mam and dad, and throw a few quid their way.

I would also by myself a nice little villa in Spain or the Canaries and spend my time taking Ryan air flights between them.

add a couple of nice cars (again on finance) Range Rover and Golf R32 for over here and a nice 3 series BMW at the villa.

a couple of corperate season tickets at City

and I think I would open a couple of small businesses maybe car valleting, outside catering, contract cleaning, landscape gardening etc. Just to keep busy. and put a couple of close friends / family in charge of them.

One thing is for certain, I certainly wouldnt be working again!


thats my little dream!

Remember though mate, if you got a mortgage on a £500k house it would end up costing you £1m. You are better off buying it outright.