According to the National Endowment for Financial Education, 70% of lottery winners go broke and a third of those people go on to declare bankruptcy.
It’s such a huge some of money to win that, I’m sure it’s easy enough to spend fast and think later.
So, if you won the lottery, how would you spend your money?
Dump £35000 into premium bonds to bring me up to the £50000 cap.
Max out my S&S ISA.
Pay off all my student debt.
Invest a heavy amount in ADA & ETH.
Buy a house or two.
If I have children at the time, put 9000*18 into a bank account and max out their children’s ISA every year to give them a nest egg. Also set funds aside for them to study (preferably abroad).
That’s a great breakdown and a smart use of the tax-free allowances with the ISA’s 
Gotta use them before they’re gone and all that
I would pay off my brothers mortgage and set up trust funds for my two nieces. I would give money to my brother and also my parents.
I would give money to the people close to me and make some contributions to some charities. I would love to travel to some new places. Not really into material things so would not for eg buy an expensive house and car just for the sake of it. I would get a newer car though. I would play much more golf and get some much better clubs.
I would give money to my partner and buy her a property.
I am sure there are many other things I would do but these are what spring to mind.
