What is the smallest amount of money that would be life changing for you?

I think £100k would allow me to take time away from work to do courses that would significantly increase my earning potential and invest in something to generate a small secondary income.
 
The "life-changing" part makes it difficult to answer because there is definitely a scale to that. Every extra £1 makes things a bit different. I've got a good job, nice house and am fairly comfortable. If I got £100k it probably wouldn't drastically change much now but I'd probably be able to retire earlier than I expect and make the impending mortgage rate increase a bit easier when my fix runs out but it wouldn't change my life. If I got £500k I would probably end up moving into a bigger house but the rest of my life wouldn't really change. I'd still be working but we'd be able to afford more holidays, pay for kids stuff when they are older like university, travelling and house deposits which I hope to be able to do anyway but would be more comfortable. Properly life-changing I would say would be retiring now and having my time be my time instead of my employers and that would probably need a couple of million and lot of discipline not to spend it all at once.
 
Nano said:
The "life-changing" part makes it difficult to answer because there is definitely a scale to that. Every extra £1 makes things a bit different. I've got a good job, nice house and am fairly comfortable. If I got £100k it probably wouldn't drastically change much now but I'd probably be able to retire earlier than I expect and make the impending mortgage rate increase a bit easier when my fix runs out but it wouldn't change my life. If I got £500k I would probably end up moving into a bigger house but the rest of my life wouldn't really change. I'd still be working but we'd be able to afford more holidays, pay for kids stuff when they are older like university, travelling and house deposits which I hope to be able to do anyway but would be more comfortable. Properly life-changing I would say would be retiring now and having my time be my time instead of my employers and that would probably need a couple of million and lot of discipline not to spend it all at once.
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Agree with your assessment, probably £2m.
Anything less would make things a lot easier, but wouldn't change things in the sense of being able to give up work.
 
To make life more comfortable, pay a couple ot things off and deposit for bigger house I'd say maybe £40k to £50k.

To enable us to stop working I'd say maybe £1m to £1.5m.

Both mid 40s, investing that much money could probably return £40k to £50k per year without reducing the actual investment.

With a house paid off and only day to day bills to pay, Mrs WG and I could live a simple but enjoyable life on that.
 
£5m for me. Enough to pay off my house and extend it, buy my folks a place and kit it out for my Dad for his stroke recovery. Then buy a couple of nice cars as me and the wife are petrolheads. Setup the remaining in trust for my daughter so she has no money worries as an adult.

I live in the South, so even sheds are dear down here.
 
£20k would allow me to be clear of loan/credit card debt which would mean I could give up my 2nd job. The stress of balancing the books every month would be gone and the amount of time i'm out of the house each week would be lower. In terms of happiness this amount would be lifechanging and I wouldn't even need to see a penny of it
 
About £2bn would allow me to buy Hull City and have them competing for the Premier League and Champions League.

I might buy a new Ipad too.
 
a mansion would be too cold
the footy abroad would be shyt
businesses and investments.. total chew
a car is a car at the end of the day..
yachts? don’t like the sea
 
It all depends upon how old you are and also if you are materialistic.
I have lived in big houses and small houses, a big house doesnt make me any more happy than a small house. I found out was just a bigger lawn to mow and more decorating. My quality of life, living in a two bed coach house is fantastic.
I have also been forced to retire early on health grounds, my pension will fund me until I reach 70 in twelve years time. After seeing my parents waste away with cancer and dementia, I want to live as long as I can have a good quality of life.
So any amount of money would be spent helping my two kids, however they are very independent and appear to be doing well in life and their careers.
 
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