You won the lottery! Do you keep your job?

I would ...

  • Stay on the job

    Votes: 38 36.2%
  • Quit

    Votes: 51 48.6%
  • Buy the business

    Votes: 5 4.8%
  • Don't know

    Votes: 11 10.5%

  • Total voters
    105

citizenzen

macrumors 65816
Original poster
Mar 22, 2010
1,433
11,628
10 Million dollars after taxes.

What would you do?

Quit or stay? [or maybe buy the business]

Give notice or just skip?
 

thehustleman

macrumors 65816
Jan 3, 2013
1,118
1
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.
 

yg17

macrumors G5
Aug 1, 2004
14,888
2,480
St. Louis, MO
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.
 
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thejadedmonkey

macrumors 604
May 28, 2005
7,986
535
Pennsylvania
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.
 

iStudentUK

macrumors 65816
Mar 8, 2009
1,438
4
London
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.
 

Jnesbitt82

macrumors 6502
Oct 21, 2013
322
239
Ohio
I just started into programming and graphic design. I would keep doing it because for once, I actually enjoy working.
 

SkyBell

macrumors 604
Sep 7, 2006
6,579
131
Texas, unfortunately.
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. ;)
 

robbieduncan

Moderator emeritus
Jul 24, 2002
24,510
27
London
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?
 

Scepticalscribe

macrumors Sandy Bridge
Jul 29, 2008
45,623
30,802
The Far Horizon
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.
 

Shrink

macrumors G3
Feb 26, 2011
8,914
1,596
New England, USA
Bora Bora
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
 

Binarymix

macrumors 65816
Nov 1, 2007
1,080
243
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.
 

samiwas

macrumors 68000
Aug 26, 2006
1,575
3,518
Atlanta, GA
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.

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.
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.
 

Tsuchiya

macrumors 68020
Jun 7, 2008
2,309
367
Depends on the job. It would be a good chance to retrain and pursue something new.
 

quagmire

macrumors 603
Apr 19, 2004
6,255
1,063
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.....
 

gsugolfer

macrumors 6502a
Jul 11, 2010
507
1
Georgia, USA
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.