Euromillions winner's amazing 10 weeks of spending

[LeTiss]

Just out of interest Peter, do you still dabble with the Pools?

I know they had a rebrand to 'The Football Pools' as opposed to Littlewoods, and it's all online now instead of a guy collecting door to door, however, I see the jackpots are still pretty meaty

I was wondering whether your systems are still relevent, as they were in days gone by?

[Euler]

No they wont. Back in those days you could make a custom entry and that was a requirement of what I did. I found matches more likely to be a draw then arranged them in a manner that clustered likely results together. I'm pretty sure you can't do your own entry now, not at a reasonable cost?

[98lewisj]

I may have missd this but did only win one million? he'll though that in no time...

Yup, 1 million isn't really enough to be self-sustaining.

Of course it is! Even with 600k you could live the rest of your life quite comfortably.

E.g. buy one house to live in rent free - 200k
Buy two more for 200k each and rent them out at say 6% yield. Gives 24k a year while you're living rent free. Pretty much guaranteed for the rest of your life with minimal risk.

From experience its not really not a lot of money. It comes, It goes. You live to your means.. Hence me trying to make a 'new' living on BF. "you can't take it with you"

[LeTiss]

£1M is easily enough to live off

If someone took home £2500 per month, that's a decent wage - £30k per year, and in reality the equivalent of having a salary of £38-40k pre Tax & NI

With £1M you could spend £400k initially on a nice house, car, holiday & clothes

Then pay yourself £2500 per month to live off. That would take 20 years to blow the remaining £600k, not including the interest payments too

Over the course of that 20 year period, you could probably invest some of £2500 per month into other areas that would guarantee the money would keep working for you

[andyfuller]

not including the interest payments too

Or inflation...Money has pretty much lost half it's value in the last 20 years, in 1994, £576,000 was worth the same as £1,000,000 today.

40 years ago ~£100,000 was worth the same as £1,000,000 today