It has a nice ring to it, doesn’t it? Most people would be pretty pleased with that sum of money. Winning £1 million seems to be the magic number for a lot of people.
Songs have been written about having a million dollars. People talk about how life would be different if they could just, ‘win a million’. And many people have dreamt about what they would do if they had a million dollars, pounds or euros show up in their life unexpectedly.
Although today £1 million wouldn’t put you in the exclusive group it would have in 1970, it is still an exciting amount of money to most people. Even for someone who has a net worth of £30 million (i.e. assets less liabilities), this amount would probably be warmly received. This is in part because those assets might produce £3 million in income. So an extra 33% more would likely be welcome.
What would you do if you had £1 million turn up in your bank account? Whether it was from an inheritance (long lost Auntie?), a lottery ticket or some fascinating philanthropist doing things differently.
Wouldn’t winning £1 million be an exciting thing? Would you do something exciting and novel? Or something sensible and pragmatic? Perhaps you would do a little of both.
Well, I hope you get to find out sometime soon!