I wasn't referring to other Healthcare expenses. I was referring to general expenses. 1 mill is enough to handle life a few years before it runs out depending on how poor we're talking. If you actually add up bills with mortgage, car payment, gas, monthly groceries for a family, etc it's a LOT.

Can we agree that "a few years" is 10 years. Buy a house outright. Spend £50k/yr on other expenses (more than most people earn). For that 10 years all your salary can go into a pension. You're setting yourself up to retire 20 years earlier than otherwise.

That's if you're smart about it, but there are still SO MANY FEES associated with being below the poverty line, especially if you have children.

If £1M drops in your lap, you should get financial advice. Because it's a rich person amount of capital. £1M is the sort of money where they hand you over to the high-wealth advice team.

You really don't understand what it's like to live below your means...

It's you who really doesn't seem to understand how small amounts of money are significant. If your household income is £25k/yr, a £25k windfall is hugely significant. A whole year's income! £1M is 40 years' income.

I mean, even if you lease a car, £400/mo gets you a *nice* one, including insurance, servicing, everything. £1M gets you 2,500 years of motoring.

You don't have a mortgage because you buy your house outright with, say, £400k. You don't have car payments because you spend £30k on buying a car outright. Now you have £57k a year (plus interest) for the next 10 years and only fuel, household bills, food and home maintenance to spend it on.

Most British jobs don't pay £57k *gross*.