Clever boy! I’m not sure what I’d advise him to spend it on but I’d probably trust him more than me anyway.
A mate of mine’s daughter won the lottery on the first day it was run – not the top price but 5+ the bonus and picked up close on £80k. At the age of 16 that was a lot of money. She used it wisely too – after investing safely she could afford to buy her first house for Uni outright, rent rooms to her friends as an income, then rent it out to other students once she’d left and use that to cover the mortgage on the place she bought for herself, and so on until eventually releasing the equity in her first place plus a fair bit more! That’s what I always think when you hear of these massive lotto wins – if people were more prudent, instead of giving out 6 or 7 million for top prize, you could give the same out to 20 or 30 people by capping the top prize at 1/4 mill and then giving the sound advice with what that enables them to do.
I’m further on in life now, if I got £100k now that would set me up to live a happy life and be able to pack in working for ‘the man’ and go and work for a charity instead, which is my ambition. If I got £17 million I’d be able to sort out family and some close friends too, and then be able to really do something with charity.
Keeps wishing……
Posted 11 years ago
