How much is a fortune?
I watch quiz shows and hear people describe the potential winnings as ‘life changing’.
I often wonder what that means – how could £25k, for example, be life changing – it won’t clear the mortgage – it won’t stop me from working – maybe it would provide us with 5 really nice holidays – but how would it be life changing?
So – I would want £200k to clear the mortgage and other debts – plus an income of about £60k for a reasonable life style (nothing special) – so I need about £3.5 million – if it is to be really life changing.
I guess £1 million would make a serious difference – I guess £100k would give me some nice options.
I suppose that a fortune means different things to different people – I imagine that my £3.5 million would be peanuts for some.