What Would You Do With £113million?

On Friday, a £2 investment and a bit of luck could put over £100million in your pocket [it'll need to be a big pocket]. This Friday's Euromillions jackpot is £113million. What would you do if you won?

A former lottery winner has been in the news this week. Michael Carroll won almost £10million 8 years ago. The cash is now gone, and he's on the dole. He says this is where his fortune went ...

£5million family and friends
£1million gambling
£1million Rangers Football Club
£800,000 televisions, sound systems and gadgets
£400,000 cars
£325,000 house
£300,000 parties
£230,000 crack cocaine
£200,000 jewellery
£200,000 swimming pool
£100,000 prostitutes
£60,000 holidays
£55,000 legal fees

Two two-word phrases come to mind: "no way" and "cautionary tale".

What would you have done with that £10million?

Think about that for a bit. Would you buy a mansion, or would you live in a hotel? Would you give lump sums to family, or set up trust funds? Would you donate to a charity, or set up your own? Would you save, or would you invest? Plan what you would do with £10million.

Then think about what you would do with £110million.

We were playing that game the other day, and came to this conclusion ... £10million allows you to easily provide a fantastic life for you & yours, but £110million gives you the opportunity to change the lives of many others.

Warren Buffett is one of the most successful investors in history. He's worth more than $30billion, and that's after giving over $30billlion to charity. Here's what Warren Buffett thinks about money:
" ... I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing."

So as you spend your £2 on a ticket for Friday, what will you be planning to do with the £110million?