FabGuys.com forum: £1Million

By *anchester34 OP Man
4 days ago

Manchester

Read about some woman who took £1k a week for life instead of £1M lump sum.

MY QUESTION THOUGH (let’s make it more fun)

Would you take

£3k a week forever OR

£1M lump sum

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By *anchester34 OP Man
4 days ago

Manchester

Is take the £3k a week for life but not £1k

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By *evanianMan
4 days ago

Flintshire

'A bird in the hand is worth two in the bush' as the old adage goes, take the £1m and see a professional financial / investment consultant, but don't let the power of money cloud your thoughts.

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By *im le2Man
4 days ago

aylestone leic

When I started work a pint of beer was 10p a pint. So in 50 years that 3k a week will just about get a pint.

I'm 70yo I'm taking the million quid.

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By *poolBiTopMan
4 days ago

Liverpool

Either way be quiet about it (stealth rich), find something to occupy your time and live off the interest not the principal. Watching someone who said expecting about 3 to 4% on principal so for £1M the weekly amount may turn out to be the better option 🤷🏻‍♂️

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By *appylondonMan
4 days ago

West London

"Read about some woman who took £1k a week for life instead of £1M lump sum.

MY QUESTION THOUGH (let’s make it more fun)

Would you take

£3k a week forever OR

£1M lump sum"

£52,000 per year is 5.2% return on £1M. Can you do better than 5.2% with £1M?

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By *vil GeniusMan
4 days ago

Durham

I'd probably take the 3million for a few reasons. 1, I could help my close family and friends. 2, if I took the 3k and died amonth later the money would stop. 3, I could enjoy the rest of my life doing what pleased me without living over lavishly and going mad spending. Just happily ticking along.

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By *ad46Man
4 days ago

West Lothian

I’d take the lump sum and bank/ invest most of it and live off the rest

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By *at2121Man
4 days ago

Swindon / Algarve

Crazy, has to be 1 mill.

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By *fcdTV/TS
4 days ago

Southend

Take the 1m, help lots of friends out, invest the rest.

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By *ugged NorthernerMan
4 days ago

North East

Take the 1M but myself a property on the Isle of Skye with some land and boat mooring then live the rest of my days happy and content away from all the bullshit of every day life

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By *ishop666Man
4 days ago

ls19

To million yes help my kids out

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By *amantha111TV/TS
4 days ago

Beeston

The million cash in hand. Alllllways cash in hand, convert it to gold and bury it in different places no one goes lol

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By *damb00Man
4 days ago

Leicestershire

Hmm

With £1million you could invest £670k into index funds and make £50k per year passively, use the rest of the money for buy to let house, and collateralise them into more houses, so more houses you can rent out.

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By *astDevonGuyMan
4 days ago

East Devon

At my age I’d take the million

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By *damb00Man
4 days ago

Leicestershire

"Hmm

Although, I could more than happily live on 12k per month without doing any of the work above

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By *tar33Man
4 days ago

North London (outer)

"Read about some woman who took £1k a week for life instead of £1M lump sum.

MY QUESTION THOUGH (let’s make it more fun)

Would you take

£3k a week forever OR

£1M lump sum

£52,000 per year is 5.2% return on £1M. Can you do better than 5.2% with £1M?"

Savings rates are around 4% at the moment, so around £40k per annum less tax. I'd struggle to live on such a pittance.

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By *ewBrumBiMan
4 days ago

Birmingham

I'd take the million so that I don't have to stay alive long enough for the three thousands to be worth it.

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By *oodpeckerMan
4 days ago

Falkirk

"Take the 1M but myself a property on the Isle of Skye with some land and boat mooring then live the rest of my days happy and content away from all the bullshit of every day life "

In Skye there'll be banks in which to deposit your lump sum but, I’m guessing, a shortage of holes in which to deposit your load(s)!

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By (user no longer on site)
4 days ago

1mill for me enjoy what time I have left and invest

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By *addy DaddycoolMan
4 days ago

Darlington

Viv Nicholson & her husband won £152,319 in 1961 which is the equivalent to around £4 million today.

They blew it all in around 3 years.

Her husband was killed in a car accident and when she died in 2015 she left less than £2000.00 in her will.

At the time of the win she was asked what she would do with the money.

Her famous reply "SPEND, SPEND, SPEND

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By *damb00Man
4 days ago

Leicestershire

"Take the 1M but myself a property on the Isle of Skye with some land and boat mooring then live the rest of my days happy and content away from all the bullshit of every day life "

We’ve got a cottage in Glenelg and we catch a ferry to Skye, lovely place, terrible for any gay hookups though

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By *arridMan
4 days ago

Brighton

I know 3 millionaires - one through property, one through inheritance and one owns his own business. You’d never know if you met them.

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By *autiously_curiousMan
4 days ago

Craigavon

Suppose you'd have to weight it up. Wpuld take you 20 years to tecpip the 1 million. After that you are taking in more. But you'd probably find it hard to get that full lump sum in the bank account!

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By *oodpeckerMan
4 days ago

Falkirk

"Read about some woman who took £1k a week for life instead of £1M lump sum.

MY QUESTION THOUGH (let’s make it more fun)

Would you take

£3k a week forever OR

£1M lump sum"

Tax free or not? 🤔

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By *excessMan
4 days ago

Sleaford

Civil service pensions allow you the option of taking lump sums but it reduces your monthly pension amount

Everybody takes the maximum lump sum

You could die tomorrow and that money's gone, the lump sum is safely in your bank account.

Id take the million every day!

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By *oodpeckerMan
4 days ago

Falkirk

"Civil service pensions allow you the option of taking lump sums but it reduces your monthly pension amount

Everybody takes the maximum lump sum

You could die tomorrow and that money's gone, the lump sum is safely in your bank account.

Id take the million every day!"

The OP proposed only £3k/wk, not £1m/day 😉

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By *evinmanMan
4 days ago

Dublin

In my 60s and with noone to leave it to that really needs it i would happily take the cash sum and blow it quietly on hols and high class male company!

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By *acingfanMan
4 days ago

Huddersfield

If the woman was very, there is some sense in the choice she made. She might get this money for 60 years.

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By *erscumdumpMan
4 days ago

Watford

Id take the million, invest about half in my pension pot and fully retire tomorrow.

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By *ugged NorthernerMan
4 days ago

North East

"Take the 1M but myself a property on the Isle of Skye with some land and boat mooring then live the rest of my days happy and content away from all the bullshit of every day life

We’ve got a cottage in Glenelg and we catch a ferry to Skye, lovely place, terrible for any gay hookups though "

Love the Isle of Skye I’d move there tomorrow if I had the chance 🙂

I bet Glenig is nice mind

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