If You Won The Lottery, Would You Keep Working?

I'd do what Gates does and devote my time to more important things.

If I were a professional, I'd continue in a voluntary capacity.

I'd probably donate my entire salary to charity.

Lot's of Brownie points with the ladies, until she realizes less for her.Lol

My current job, definitely not.

You need stuff to keep your body and mind active.

My Dad retired when he was 58 and is 80 now.

He kept active though, while 90% of retirees after him kicked the bucket soon after.

One of the things I believe contributes to longevity is reduction of stress.

One thing that contributes significantly to reduction of stress is financial stability.

I think this is what helped my Dad apart from staying and just being a generous person that does not fret about the small things.

The other factors in Maslow's hierarchy are important too off course but it really depends where you are in life.

It would be great if I win now, because I know what can I do with the money, and what and who are important in my life. I didn't win when I was 20 years young and I have to say Thank you God! I'm sure If you win big money, when you are too young, it's nothing more just a ticket to the cemetery within 5 years. Win big sometimes is not a luck, but more a tragedy. :frown:

Would depend on how much I won. If it was enough for me to retire with comfortably right now? Sure. I have lots of interests outside of work, and it'd be nice to dabble in some things without worry. If it was allot of money... I wouldn't necessarily donate money or time to charity but rather help people I know and help make them secure.

I'd be too busy snorting coke seeing tons of women and drinking while travelling the world. I'd live like mike Tyson.

IRIS said:

It would be great if I win now, because I know what can I do with the money, and what and who are important in my life. I didn't win when I was 20 years young and I have to say Thank you God! I'm sure If you win big money, when you are too young, it's nothing more just a ticket to the cemetery within 5 years. Win big sometimes is not a luck, but more a tragedy. :frown:

Click to expand...

I agree.

I'd retire and do things I enjoy.i'm 42 now.I figure I have another 13-15 years of employment left.I have a good managing position with a small company now that pays well but, to be blunt, some days i don't feel like going to work....or following someone else's directives, or taking part in another stupid meeting.....in any job , even if it's your own business, sooner or later it brings you stress you don't want to deal with and tasks you'd rather not do.If I won 1-2 million tomorrow, I'd retire in two weeks and never do anything i didn't want to do again.

I'd retire, life's to short to work if you don't have to. Find a good wealth manager and have them put your money to work for you.

I do my job because I love it not because I can't do other things or feel trapped or desperate. Yeah there are aspects I wish I could change about my job but that is life. If I won the lottery I would build an awesome dungeon/slash bordello to make my naughty playground! Then I could pick and choose my clients on a whim and by what I feel like doing at the moment. It is never a good idea to change your life after you win or inherit a lot of money, keeps you grounded. Well I am disappointed to see not as many girls that really love their job... well things are changing so maybe girls will feel less trapped and have more opportunities and social legibility to claim their profession as proper employment.

XOXO
Kenzie

Helllllllllllllllllllllllllllllllll no

I'd probably go back to school and pursue a career in something else, actually.

I've got enough savings already so gimme another million and I'd be out of the office in a second.

probyn said:

If you won the lottery, would you keep working?

Click to expand...

Yes I would. But I would be very drunk!

It really does depend on how much you win and how you intend to live. 1 million bucks doesn't mean a whole hell of a lot anymore, you can pay off your bills, max out your RRSP and maybe have enough left for a house (or condo out here in Vancouver). 5 million, now you start to get close, depending on what you spend and how large you live. If invested, you should be able to get $250K or so a year from 5 Mill, more than enough to live on, if you do it right. 10 mill plus, you are only working if you want to. Me, I would cash out and maybe volunteer occasionally to keep busy, but working for anyone else would end immediately at 10 mill and up. 5 for me means retirement much earlier, like 45 to 47 tops. 1 or 2 makes my life much more comfortable, but doesn't change that much.

Depends on how much I won....it really buys time and financial security, but there are many cases where larger winnings have just been wasted and the person is 'poor' again (within 7 years is the average - from what I remember reading somewhere).

Possibly, but not for a company that exists primarily to make the owner(s) rich.

I'd continue to work but for myself.

Edit: Edited to add, I would be focusing in capital gains as they are provided with the lowest interest rate. If it was a large amount sum (20 million plus). Maybe investments in the USA where I could use the carried interest loophole.