Another Lotto Winner Skint ...
11 February 2008, 04:17 PM
#31
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right done the math, could have done that in that post but hey there you go
basicly 8mill divide by 100 = 80k, times by 12 for interest at 12% (offsure tax free acounts, my uncle works for barclays in the oveseas acounts deparments and that comes from him
) = 960k divide by 52 weeks = £18,461.54 per week
basicly 8mill divide by 100 = 80k, times by 12 for interest at 12% (offsure tax free acounts, my uncle works for barclays in the oveseas acounts deparments and that comes from him
) = 960k divide by 52 weeks = £18,461.54 per week
11 February 2008, 05:09 PM
#33
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One thing I've never understood about lottery winners, and footballers for that matter. Why do they immediately go out and buy massive houses when the money rolls in 
I wouldn't want anything bigger than I have already, bigger house just means more work and more maintenance to me
Having said that, I would probably have to acquire an industrial unit somewhere to house the car/bike collection I'd build up
I wouldn't want anything bigger than I have already, bigger house just means more work and more maintenance to me
Having said that, I would probably have to acquire an industrial unit somewhere to house the car/bike collection I'd build up
11 February 2008, 05:19 PM
#34
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Its a status thing to show how well your doing and to let everyone else know, you get the odd few that this won`t apply too but for the majority of big earners then this is the case. Its just like we rich people buy more flash cars, its to go with their image of being a big earner.
11 February 2008, 05:32 PM
#35
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Lol! It's alright Sharkman, Stephen is a good friend of mines 
; he knows I'm only joking 
I feel like a bit of a ***** now (even though I shouldn't, very disadvantaged when it comes to things like this; 24 AND female!). I recieved an enlightening phonecall - Livi were once called Meadowbank Thistle.
There y'are, you learn something new everyday!
; he knows I'm only joking I feel like a bit of a ***** now (even though I shouldn't, very disadvantaged when it comes to things like this; 24 AND female!). I recieved an enlightening phonecall - Livi were once called Meadowbank Thistle.
There y'are, you learn something new everyday!
11 February 2008, 06:15 PM
#36
11 February 2008, 06:29 PM
#37
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So if you want to live your whole live 60+ years from the interest alone, you can only spend the interest element that is above inflation.
Eg: Interest rate you get is 6%, inflation is 4%, so you only get to spend 2%. That drops your income down to only £30,000. I say only, as that is still a proper wage for doing nothing.
11 February 2008, 06:34 PM
#38
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Modest being of that £1.5M, half will be expected to be tied up in assets; such as house, cars etc. Realistically leaving alot less to use as an investment to gain an interest that one could use to gain an income from.
Anyhoo, thats besides the point.
11 February 2008, 06:47 PM
#39
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Money can buy you many things............................................ .................................................. .................................................. .................................................. ......but obviously not common sense!
11 February 2008, 09:05 PM
#40
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Lol! It's alright Sharkman, Stephen is a good friend of mines ; he knows I'm only joking
I feel like a bit of a ***** now (even though I shouldn't, very disadvantaged when it comes to things like this; 24 AND female!). I recieved an enlightening phonecall - Livi were once called Meadowbank Thistle.
There y'are, you learn something new everyday!
; he knows I'm only joking I feel like a bit of a ***** now (even though I shouldn't, very disadvantaged when it comes to things like this; 24 AND female!). I recieved an enlightening phonecall - Livi were once called Meadowbank Thistle.
There y'are, you learn something new everyday!
They moved to Livingston about 10 to 15 yrs ago.
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