You won the lottery! Do you keep your job?

Discussion in 'Community Discussion' started by citizenzen, Jan 25, 2014.

?

I would ...

  1. Stay on the job

    38 vote(s)
    36.2%
  2. Quit

    51 vote(s)
    48.6%
  3. Buy the business

    5 vote(s)
    4.8%
  4. Don't know

    11 vote(s)
    10.5%
  1. citizenzen macrumors 65816

    Joined:
    Mar 22, 2010
    #1
    10 Million dollars after taxes.

    What would you do?

    Quit or stay? [or maybe buy the business]

    Give notice or just skip?
     
  2. mobilehaathi macrumors G3

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #2
    Keep job, never worry about winning a grant again.
     
  3. Nermal Moderator

    Nermal

    Staff Member

    Joined:
    Dec 7, 2002
    Location:
    New Zealand
    #3
    I'd keep my job, at least in the interim. Need something to keep me sane :)
     
  4. thehustleman macrumors 65816

    Joined:
    Jan 3, 2013
    #4
    I'm going to work for a year and live off of what I have minus 75k,ill put a down payment on a house with that, invest the rest for that year, then give notice and leave.
     
  5. The Doctor11 macrumors 603

    The Doctor11

    Joined:
    Dec 15, 2013
    Location:
    New York
    #5
    I'm in high school so I don't have a job but I would still go to collage after high school and get a job.
     
  6. afireintonto macrumors 6502a

    afireintonto

    Joined:
    Jul 22, 2008
    Location:
    Portland
    #6
    I'd be happy living on 100k a year forever.
    The rest + interest would go to a cat shelter when I die.
     
  7. yg17, Jan 25, 2014
    Last edited: Jan 25, 2014

    yg17 macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #7
    I wouldn't keep working. As far as how I'd quit, I figure I have 3 choices:

    1. Quit like Scarface (nsfw language)
    2. Put in my 2 weeks notice and finish it out as usual
    3. Go to work, do nothing, collect a paycheck, and see how long I can do that until I get fired

    I like the people I work with, so I'd probably do the 2 weeks, but there have been times I certainly would've done 1 or 3. Although I don't even think I could pull 3 off, since I'm on an agile development team. What would I say in daily stand-ups? "Yesterday, I did nothing. Today, I plan to do nothing. Any obstacles? Yes, Facebook and porn are blocked at work"

    I would need a lot more than 10 million to buy my employer. Probably 10 billion, and I'm not sure that would be enough.
     
  8. MICHAELSD macrumors 68040

    MICHAELSD

    Joined:
    Jul 13, 2008
    Location:
    NJ
  9. thejadedmonkey macrumors 604

    thejadedmonkey

    Joined:
    May 28, 2005
    Location:
    Pa
    #10
    Take a vacation.

    But then go back to work, otherwise I'd go insane. I was unemployed for about a 2 months a while back, and it was great, for the first 6 weeks. Then it was terrible.
     
  10. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #11
    I'd quit and use most of the money to start a charitable foundation.
     
  11. iStudentUK macrumors 65816

    iStudentUK

    Joined:
    Mar 8, 2009
    Location:
    London
    #12
    I'm in my mid 20s... I would go crazy if I quit my job! I'd apply for a decent sabbatical (3-6 months) and go on an amazing holiday... pure luxury!

    Maybe after a few years (and things like kids came along) I'd try flexible working - ie 3-4 days a week.
     
  12. Jnesbitt82 macrumors 6502

    Jnesbitt82

    Joined:
    Oct 21, 2013
    Location:
    Ohio
    #13
    I just started into programming and graphic design. I would keep doing it because for once, I actually enjoy working.
     
  13. SkyBell macrumors 604

    SkyBell

    Joined:
    Sep 7, 2006
    Location:
    Texas, unfortunately.
    #14
    Don't know if I would keep my current job or not, but I would definitely need something part-time at least 15 or 20 hours a week to stave off boredom and temptation. ;)
     
  14. firedept macrumors 603

    firedept

    Joined:
    Jul 8, 2011
    Location:
    Somewhere!
    #15
    Stay on the job until Wife & I could open dog rescue with interest earned from initial win.
     
  15. robbieduncan Moderator emeritus

    robbieduncan

    Joined:
    Jul 24, 2002
    Location:
    London
    #16
    Depending on age $10M is unlikely to really be enough to live off for the rest of your life. At least at anything significantly above a moderate life style. So yes I'd keep the job.

    The long answer:
    Let's assume you want a new/better house: most likely you'll drop at least $1M on that (if I wanted to stay in the local area here I could easily double or triple that for a really nice place). You will probably want a new car, some splurging on possessions etc. So let's say you have $8M left. If we invest that with a guaranteed income that adjusts with inflation until you die I recon you'd be lucky to get $75k a year (yes, going up every year in line with inflation). Would $75k a year really be enough for you considering you'd have 100% free time? Or would you rather have $75k on top of your salary and be able to have an amazing life style in your free time?
     
  16. Scepticalscribe Contributor

    Scepticalscribe

    Joined:
    Jul 29, 2008
    Location:
    The Far Horizon
    #17
    I think it depends on the job, and whether you love doing that work, whether you get job satisfaction from it, or, instead, whether it is a labour of love or just an endurance test which you endure simply for the salary.

    If it is a job you love, or is a job by which you define yourself, then, I imagine that many people would not quit such a job, or, rather, instead of quitting outright, they might opt to negotiate - or re-negotiate - the conditions under which they would choose to work.

    For myself, as long as I derive satisfaction from my work, I shall continue with it in some form.
     
  17. Gregg2 macrumors 603

    Joined:
    May 22, 2008
    Location:
    Milwaukee, WI
  18. Shrink macrumors G3

    Shrink

    Joined:
    Feb 26, 2011
    Location:
    New England, USA
    #19
    Good choice. I've been there, and when I was there (in the 90s) it was truly the paradise of everyone's imagination.

    I would retire. I do find my work very fulfilling, but I've been doing it for over 42 years...and doing nothing much sounds wonderful to me!:D
     
  19. Binarymix macrumors 6502a

    Joined:
    Nov 1, 2007
    #20
    I would buy Condos in a few of my favourite cities (Toronto, Vancouver, Sydney), stay there during their respective summer months, and lease them out to students/business people the rest of the year.

    Buy a small house in my current city to be close to family/friends.

    I'd buy a decent car, nothing over the top.

    I'd Invest.

    I'd probably start a business or two of my own.

    Live mostly off the interest within my means.

    Lots of trips.

    I would also give a portion of my yearly earnings/interest to charities.
     
  20. samiwas macrumors 65816

    Joined:
    Aug 26, 2006
    Location:
    Atlanta, GA
    #21
    I don't have a full-time job, I just freelance. So no, I would not continue working, at least not as much. I might pick up jobs that interest me from time to time, because I love programming lighting, but I would likely spend my entire time working on hobbies, maybe even ones that have a monetary result.

    If you won that money at age 20, and died at age 100, that's still $125,000 a year, without any interest added in. Hell, you can live off just the interest of $10m pretty easily, even at just 1% interest. I think that's pretty well above a "moderate" lifestyle. Of course, our definitions of "moderate" might be different.

    I think for me, a lot of it would go towards other causes once my family was taken care of.
     
  21. macquariumguy macrumors 6502a

    Joined:
    Jan 7, 2002
    Location:
    Sarasota FL
  22. Tsuchiya macrumors 68020

    Tsuchiya

    Joined:
    Jun 7, 2008
    #23
    Depends on the job. It would be a good chance to retrain and pursue something new.
     
  23. quagmire macrumors 603

    quagmire

    Joined:
    Apr 19, 2004
    #24
    Early retirement. If I had bothered to play the lottery when it was at $656 million and did the math. Take the 50% away from taxes and was very conservative on my life expectancy and figured out I could live on $3 million a year for the rest of my life.

    I could do that.....
     
  24. gsugolfer macrumors 6502a

    gsugolfer

    Joined:
    Jul 11, 2010
    Location:
    Georgia, USA
    #25
    I work in public accounting now, so I'd find something that's a lower stress environment and is a 9-5, since I wouldn't need to make much . Would still want to work in something financially related, though.
     

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