Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

If you won the lottery, say.. 10 million. Would you keep working?

233 replies

Jessforless · 29/01/2024 20:06

A colleague said to me today that the true test of if you like your job is the lottery test, and apparently, this proves most people hate their jobs.

If you won a life changing amount, would you keep your job… if you truly hate your job, you wouldn’t even work your notice.

I think I would go crazy with nothing to do but would like to open a luxury dog hotel 😂 but in terms of my actual job, I would absolutely leave but really like the people so like to think I would work my notice.

How about you?

OP posts:
Comedycook · 29/01/2024 20:58

muchalover · 29/01/2024 20:08

You'd need more than £10 million for the rest of your life. Unless you were really miserly/careful with it.

Of course you don't. It's enough for life. Buy a home for a million quid outright.
You then have 9 million. You live on 100k per year...bear in mind it's tax free and you'll have no mortgage. That would last you 90 years.

maddiemookins16mum · 29/01/2024 20:58

muchalover · 29/01/2024 20:08

You'd need more than £10 million for the rest of your life. Unless you were really miserly/careful with it.

Ah, how very MN. And not forgetting it wouldn’t stretch far in London either obvs.

ChardonnaysBeastlyCat · 29/01/2024 20:59

yes

Ihavenoclu · 29/01/2024 21:00

Hell no.

AllProperTeaIsTheft · 29/01/2024 21:00

No. I really like some aspects of my job, but the workload is unreasonable and it's tiring me out and making me not have time for exercise etc. If I thought I'd be bored without working, then maybe I'd carry on and go pt. But I don't. I could very, very happily occupy my time!

Desecratedcoconut · 29/01/2024 21:00

maddiemookins16mum · 29/01/2024 20:58

Ah, how very MN. And not forgetting it wouldn’t stretch far in London either obvs.

😁

Ihavenoclu · 29/01/2024 21:01

Bessica1970 · 29/01/2024 20:42

I’d absolutely keep working (teaching). I am th most fulfilled I have ever been ( late entrant to teaching) and would absolutely hate my life without the structure and routine.
My DH would want to retire though, so we would be on different paths which could be problematic.

A teacher who loves being a teacher. The world needs you! I’d give you and teachers like you 10m in a heartbeat if I had it.

SleepingStandingUp · 29/01/2024 21:02

CreateHope · 29/01/2024 20:12

@muchalover for real??? £10 million is more than enough to live on!

Depends what you do with it.

I have two sisters, two nieces, three nephews. I have a Mom. Friends who's lives aren't financially easy. I'd want to give them something.

Half a million for a house, give the sisters half a mil each, half for Mom that's 8 million left. Say another million between the friends. Down to 7. Three kids who'd I'd put money in trust for. Down to 6.

I'm 40, assume I've got 60 years left. 1 million a decade. 100,000 a year.

If I wanted to put three kids through private school, and Uni, take a few fancy holidays a year, change the car up every so often, it wouldn't be hard to get through

EdgarsTale · 29/01/2024 21:03

I’d be gone in a flash. Why would anyone choose to work if they didn’t need the money? There’s so much more to life. I have plenty of friends & a good social life so I don’t need work for that.

NewYearNewCalendar · 29/01/2024 21:04

Merrow · 29/01/2024 20:28

I was talking with DP about this at the weekend actually, and how I would definitely quit my job but would probably go back to working at Waterstones. I loved working there.

Waterstones was one of the best jobs I’ve had!

Anyway, I’d be gone ! I have a three month notice period, I might be nice and work a month of it to not totally leave them in the lurch… I don’t hate the job but there’s surely a big gap between hating a job and loving so much you’d stay with a lottery win.

To be slightly kind to the £10m isn’t enough poster, I would turn it around and say that it wouldn’t be hard to burn through £10m if you just went on a spending spree. But it could definitely keep most people for the rest of their life!

Toddlerteaplease · 29/01/2024 21:04

Yes. I love my job.

baileybrosbuildingandloan · 29/01/2024 21:05

I would have to do something, so I would probably stay more part time yes.

Downandout21 · 29/01/2024 21:07

We were talking about this at work the other day. I would carry on working, but I doubt it would last long. Any bad day, stress, disagreement and you would just think fuck this I'm out of here.

Milsteen · 29/01/2024 21:07

After years being a SAHM I’ve found a job that I love. It’s not especially well paid but I’m very happy there. Sure, I’d like to go on more holidays, further afield and stay at luxury resorts but the kids are at school so we would be limited to when and how often we could go away. So I’m not sure I would quit 🤔

I would definitely move house though!

TheMousePipes · 29/01/2024 21:08

I love my job so I’d keep doing it. But I’d go part time.

Jins · 29/01/2024 21:09

I’d stay long enough to make sure nobody connected my leaving with the £10million win that just happened. I’d definitely want to stay anonymous.

MCOut · 29/01/2024 21:10

Mia85 · 29/01/2024 20:53

Really? Would you mind explaining how you calculate it wouldn't last a couple of decades?

As PP have said, you would invest the capital and live off the income. With that kind of amount you could be very diversified and fairly confident that withdrawing 3-4% a year would allow the capital to carry on growing by at least inflation. Essenitally a conservative approach would say you'd be able to live on 3-400k a year (increasing with inflation) whilst maintaining the real value of the capital. Is that really not a secure position?

Yes, but with that 300 to 400k a year we wouldn’t just be looking after our household. We would want to look after family and I would rather work until I know that we’ve paid towards mortgages, paid for care for older members of our family, school for some of the young members and set up the niblings with at least deposits. I’d probably retire early though. The capital wouldn’t be touched because that would be for DS.

Cheshiresun · 29/01/2024 21:10

No. It's too much of a struggle to work with childcare and no help!

I know a lottery winner who won over 20 years ago, gave up work but has recently gone back part time.

Noidontknowwhatiwant · 29/01/2024 21:11

I’d leave purely because I’d want to move house to a different part of the country not the job.

LikeWhyThough · 29/01/2024 21:12

Well, my job has destroyed my mental health, so my answer would have to be: fuck no, no way in hell, absolutely fucking not, not a chance in hell, over my dead body, zero percent chance, when pigs fly, when hell freezes over, would I fuck, certainly not, aye wait and I will, nope, nope, nopeity nope.

Newstarto · 29/01/2024 21:13

I’d give up THIS job (although I perfectly enjoy it) and do something I’d love to do instead. Maybe retrain or have a hobby business

Caffeineneedednow · 29/01/2024 21:14

I had this discussion in my office last week and the general consensus ( me included) was yes we would stay working but would do so part time.

mrsjg · 29/01/2024 21:15

God no. I wouldn't give notice either. I just wouldn't turn up and I'd ignore any phone calls from them too.

I could quite happily live off £10 million plus interest 😁

girlsyearapart · 29/01/2024 21:18

Probably work till the end of the school year cos I like my class and wouldn’t want to abandon them to an endless supply teacher cycle but come July then nope !

Cheshiresun · 29/01/2024 21:24

Just thinking the person I know won a lot less than 10 million, more like 3 m.

But I think with that much it would be a full time job handling your investments, stocks and shares, etc! You could do that for a hobby if you didn't want to pay someone to manage it for you.

I would leave work on a lot less than 10 million but I probably would work my notice. Back pain, stress, fatigue, no feeling of a life, commuting, some not nice colleagues, childcare struggles, no competition really.... yep I'd definitely leave work.