What do you do with your money if you've paid off your mortgage?

[IR35 Avoider]

It's embarrassing the thousands accumulating in my account every month.
Don't really know what to do with it.
My only indulgences are fine whiskies and books, and these don't eat into the cash fast enough.

Make a list of everything else you spend money on, in order of priority, invest money to fund purchase of life-time supply of each.

Highly over-simplified illustration
Food £3000 per year = 25*£3000 = £75,000 invested
Then Beer £6000 = £150,000 invested
Then Hookers £20,000 per year = £400,000 invested.

Once a lifetime supply of each is obtained, stop working.

The point of treating each item separately is that it may make you think twice about spending habits once you see the capitalised cost, which can be translated into extra years you'll need to work.

(Or was "mortgage paid off" short-hand for you've already done all of the above?)

(I realise a serious answer wasn't actually wanted.)

[expat]

Make a list of everything else you spend money on, in order of priority, invest money to fund purchase of life-time supply of each.

Highly over-simplified illustration
Food £3000 per year = 25*£3000 = £75,000 invested
Then Beer £6000 = £150,000 invested
Then Hookers £20,000 per year = £400,000 invested.

Once a lifetime supply of each is obtained, stop working.

The point of treating each item separately is that it may make you think twice about spending habits once you see the capitalised cost, which can be translated into extra years you'll need to work.

That's depressing. What if that calculation leads to the conclusion that life is not worth living because I either need to work forever or give up nearly everything including most food, or both? How much is that trip to Zurich?

[Churchill]

That's depressing. What if that calculation leads to the conclusion that life is not worth living because I either need to work forever or give up nearly everything including most food, or both? How much is that trip to Zurich?

6 weeks!

[Sysman]

How much is that trip to Zurich?

Free when you have one of these. (Prices).

And yes, it's tax deductible

[Jeebo72]

Make a list of everything else you spend money on, in order of priority, invest money to fund purchase of life-time supply of each.

Highly over-simplified illustration
Food £3000 per year = 25*£3000 = £75,000 invested
Then Beer £6000 = £150,000 invested
Then Hookers £20,000 per year = £400,000 invested.

Once a lifetime supply of each is obtained, stop working.

The point of treating each item separately is that it may make you think twice about spending habits once you see the capitalised cost, which can be translated into extra years you'll need to work.

(Or was "mortgage paid off" short-hand for you've already done all of the above?)

(I realise a serious answer wasn't actually wanted.)

Done both, but was just lucky, not really by design ...