mcerd1
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| posted on 19/9/13 at 11:20 AM |
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^^ what he said, you won't get any real interest any time soon...
most interest rates are 1.5% max - that would only give you ~£18k a year before tax
the ns&i income bonds (max. £1M per person) only pays out £12.5k before tax!
but having that much cash opens the doors to more fruitful / exotic ways of making cash...
[Edited on 19/9/2013 by mcerd1]
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loggyboy
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| posted on 19/9/13 at 11:41 AM |
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I thought id geek it up and do some sums.
(all prices based on my local area)
£400k = 10x £100k houses/flats on a 60%ltv
Rent would be about £550 each.
HSBC have a 2 yr interest only mortgage at 1.5% (HSBC), meaning £75 per house.
10 houses would earn you £4755 a month, even with 10% taken off for insurance, mangment fees, repairs etc, would still give you £42k a year before
tax. Considering you would likely be mortgage free on your own house (or mortage it and invest even more in other property) thats a pretty easy life.
And thats ignoring the likely equity gain that could see the house be worth double in 10-15 years if things even go back to half the rate of increase
we had before the recesion.
[Edited on 19-9-13 by loggyboy]
Mistral Motorsport
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Jamwat
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| posted on 19/9/13 at 11:58 AM |
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so most want a new house.
Me.. Well I'd get a luxury world travel lorry and bleep off where no one can find me while I decide what to do..
the worlds a big place...
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Daddylonglegs
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| posted on 19/9/13 at 12:38 PM |
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Well, thanks for making me even more depressed!  
I'll let you know what I do with the winnings when I win.....so don't hold your breath 
It looks like the Midget is winning at the moment......
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Simon
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| posted on 19/9/13 at 03:44 PM |
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quote:
Originally posted by Benzine
land and saplings
ATB
Simon
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Ivan
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| posted on 19/9/13 at 04:35 PM |
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Build a 4 car garage which together with my 2 car one gives six car space - keep my Cobra but upgrade it further with superchager and 7 speed Mercedes
auto box, get a CAV GT40, a mark one Escort (Car not girl) with all the goodies, a used Porsche Cayman, a used Porch Cayenne or Range Rover Sport, and
then build whatever kit cars catch my fancy - I could very easily become another Scootz given the time and resources. .
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Slimy38
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| posted on 19/9/13 at 04:51 PM |
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quote:
Originally posted by Jamwat
so most want a new house.
Me.. Well I'd get a luxury world travel lorry and bleep off where no one can find me while I decide what to do..
the worlds a big place...
This?
http://www.dailymail.co.uk/news/article-2206718/The-1-2million-motorhome-state-art-kitchen-luxury-entertainment-storage-supercar.html
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Hellfire
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| posted on 19/9/13 at 04:55 PM |
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I'd donate the lot to two charities - Cancer Research and British Heart Foundation
Phil
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TimC
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| posted on 19/9/13 at 05:15 PM |
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quote:
Originally posted by Hellfire
I'd donate the lot to two charities - Cancer Research and British Heart Foundation
Phil
And here endeth the thread. Bravo.
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Mark Allanson
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| posted on 19/9/13 at 05:26 PM |
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quote:
Originally posted by joneh
Fast women and cars.
Then probably just waste the rest.
Unfortunately as you get to my age all you end up with is Fat women and scars!
If you can keep you head, whilst all others around you are losing theirs, you are not fully aware of the situation
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scootz
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| posted on 19/9/13 at 05:45 PM |
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Apart from the boring stuff, I'd flip a coin and buy either an R500 or an Atom.
It's Evolution Baby!
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ashg
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| posted on 19/9/13 at 06:30 PM |
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1.25m may be just about enough to buy a house with a double garage around my way! prices in kent are more than stupid
Anything With Tits or Wheels Will cost you MONEY!!
Haynes Roadster (Finished)
Exocet (Finished & Sold)
New Project (Started)
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loggyboy
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| posted on 19/9/13 at 06:49 PM |
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quote:
Originally posted by scootz
Apart from the boring stuff, I'd flip a coin and buy either an R500 or an Atom.
I suspect you could have both.. or buying wisely, you could have one one year and the other next.
I would defiantly change cars quite regularly, keeping the 15-20 I liked most.
Mistral Motorsport
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Ninehigh
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| posted on 20/9/13 at 10:16 AM |
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quote:
Originally posted by cliftyhanger
The scary thing is a million quid invested in property in only likely to give you 40k a year after expenses, so not exactly a millionaires lifestyle.
As to most other investments, way to scary for me!
A million quid in your hand wouldn't get you a millionaire's lifestyle, you'd need double that. But then I could quite easily live
on a lot less than 40k
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loggyboy
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| posted on 20/9/13 at 10:20 AM |
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quote:
The scary thing is a million quid invested in property in only likely to give you 40k a year after expenses, so not exactly a millionaires
lifestyle. As to most other investments, way to scary for me!
Could get that sort of 'salary' for 400k investment, so could likely get into 6 figures if you invested £1mil.
Mistral Motorsport
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jps
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| posted on 20/9/13 at 10:46 AM |
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The problem is - working up the 1.25 mil into a salary that is decent by working standards doesn't allow you to spend the time you've
gained by jacking in work doing anything particularly flash! It's alright having the same amount of money as you do now, or even a bit more, but
you've also got another 50-60 hours a week to fill - and no extra money to help create entertainment!
I reckon i'd carry on working at least until I was 50 or even older - but get a slightly nicer house/car and use the extra income to dabble in
expensive holidays / some slightly extravagant hobbies with what little spare time I have - maybe a little bit of rallying or circuit racing from time
to time.
With a massive lottery win (i.e. 10's of millions - Euromillions style) i'd want to basically get into motorsport as a fulltime hobby -
and probably spend most of my time doing that. I imagine that a long weekend can be made of a race meet weekend during the summer, equally for a
winter rally event you could loose a day either side of an event.
That should occupy a fair amount of time. Then there's testing, shakedown events, some good physical training to keep you in shape for the
events. Time back at the ranch prepping cars, etc.
So with a big win i'd probably be buying a decent sized farmhouse somewhere with outbuildings to convert into workshops:
A nice stable of cars for competition:
Mk2 Escort / 1275GT Mini / Focus WRC
Locost / AB Sabre / Radical
Good sized motorhome for carting stuff to events.
And a couple of nice bikes. The kind with pedals.
And probably have a little holiday home somewhere like Greek islands.
I SERIOUSLY need to go get a ticket this weekend.....
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loggyboy
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| posted on 20/9/13 at 10:53 AM |
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quote:
Originally posted by jps
The problem is - working up the 1.25 mil into a salary that is decent by working standards doesn't allow you to spend the time you've
gained by jacking in work doing anything particularly flash! It's alright having the same amount of money as you do now, or even a bit more, but
you've also got another 50-60 hours a week to fill - and no extra money to help create entertainment!
If you spend 250k on general stuff (holiday, pay off (all or most) of mortage, new car or 2) you could invest 1million, which as above I mentioned
above, could easily give you a 100k salary, even after tax that would be a healthy take home especially with no major expenses.
Turn that salary in to further investments and you could easily make that salary a lot more over the years.
[Edited on 20-9-13 by loggyboy]
Mistral Motorsport
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Browser
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| posted on 20/9/13 at 11:44 AM |
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quote:
Originally posted by Benzine
land and saplings
Seconded, together with learning how to coppice, build things with roundwood timber etc. Also, go on loads of how-to courses connectd with this and
other practical skills experiences.
Oh, and try to be happier
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whitestu
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| posted on 20/9/13 at 12:26 PM |
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For me it would be all about not having to go to work again. I could quite happily live on that amount.
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MikeRJ
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| posted on 20/9/13 at 01:21 PM |
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I'd buy a nice place in the country with enough room for a decent sized workshop, and invest the rest of it as well as I could.
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Mr Whippy
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| posted on 20/9/13 at 01:54 PM |
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Give every last penny to charities...
Snigger 
Or just get a giant statue made of myself like Kim Jong il 
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kj
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| posted on 20/9/13 at 01:59 PM |
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Buy a golf course, then build a house and a nice track on it and just thrash a car all day everyday.
Knowing that i have p***ed loads of golfers.
I hate golf
Think about it, think about it again and then do it.
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whitestu
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| posted on 20/9/13 at 02:45 PM |
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quote:
Buy a golf course, then build a house and a nice track on it and just thrash a car all day everyday.
Knowing that i have p***ed loads of golfers.
I hate golf
That's a great idea!
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cjwood23
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| posted on 20/9/13 at 03:13 PM |
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A bigger house with quad garage, and a bright orange Mclaren MP4-12C.......
______________________
Chris
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Furyous
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| posted on 21/9/13 at 11:43 PM |
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I won the lottery last night!
$31 (£16)
What to buy... What to buy...
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