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

[Jessforless]

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?

Hating your job is not the same as 'there's things I'd rather do if I had the time and money'.

I'd leave work in a heartbeat - because I would much prefer to spend my days travelling and walking the UK with the dog.

But I don't HATE my job. It's fine. Some days I enjoy it. Often I get some satisfaction from it.

But in a list of ways I'd like to spend my time, it's not at the very top.

I’m the same as, id have thought, most people - in a space somewhere between hating my job and doing it even if I didn’t have to. As jobs go mine is fine - well paid, interesting, high profile work. However if I didn’t need to work I’d go and do a degree in art history or focus full time on crafts.

I might be tempted to do one day a week (self employed).

I work part time and earn £15k a year - I'm almost 54 and if I won £150k today I'd retire! Wouldn't need millions to persuade me 😄

Did this person ever come back and explain their working? I can only think they misread it as £1 million. I still reckon I could quit work on a single million - if I bought a few small-medium properties and rented them out it'd generate about the same as our current income. I'd happily live on that and spend my days reading/sewing/getting ironman triathlon fit.

Why are people saying they'd be bored at home? If you've got 10 million quid you're not going to be sat at home watching bloody tipping point are you?

I would move back to London and buy a huge house. So that needs 1.5 million then a decent income from investment. So 3 million wd cover it.

Then a million for ds and say half a million to 3 or 4 friends.

The change wd go to charitable causes.

As for boredom there is plenty of volunteer work out there. Which I would love to do.

That’s different from whether one person can give up work or not. But I reckon just the interest would cover it anyway. £10 million is a lot of money. Or you could touch the capital to help those people and still live well on the interest. If you’ve already made all those people secure, why the need to never touch the capital? Who would need you to leave it to them?

Well, staying home when you are ill is isolating. That’s kind of the point. Being at home just because you can is very, very different. I currently work 1 day a week and would really rather not. Plenty of things to do and people to see.

I know right?! Travel the world, take up a hobby. For me I'd have a stable full of horses which is a full time job in its self

Fuck no

I've a million things I want to do before death

I can have hobbies and work FT though. I like the balance and structure my work brings me, as well as the mental stimulation, sense of achievement etc I get from my work.

Working is also good for my mental health.

Why?

Even 1 million divide into 30 years = £33k = higher than the average net wage after NI, tax,student loan deductions.

So on average 1 million will be roughly equivalent to what anyone over 37 (current retirement age) would earn anyway. Of course the assumption is wages would rise but that would be offset by the interest!

10 million would be 330 k a year- on what planet is that not enough to live on without being miserly?

Surely it depends on how old you are? If I won £200,000 I would give up work. It would cover the shortfall before I get my state pension.

@cardibach

So are you saying you would still have to work 1 day a week if you won 1o million?

Yes I could find plenty of things to do but we were asked if we would continue working and as Ì Enjoy my job i thought that I would çontinue.

I don't hate my job but I find aspects frustrating so if I won £100 million I'd be off and fill my days crafting and would volunteer at the local cat rescue as a kitten cuddler.

I would probably keep my job for another few years at least, but maybe reduce my hours. I enjoy my job a lot, and it's with an organisation that plenty of people volunteer in, so I already feel as though I'm volunteering but getting paid for it.

I think the question was, would you give up work, so I think my answer is still valid. I wouldn’t touch the capital or at least the great bulk of it because:

1. If we helped our family for the next 20 years then we could stop and live wonderfully off the interest in retirement
2. I would leave it to DS. If we didn’t use much, and he chose to be prudent, that money can provide a good lifestyle to subsequent generations
3. I wouldn’t want to pay everything off for the younger members, they need to work too but i’d like to help them be more comfortable.

Let’s say for argument sake, I was making 6% on 8 million and that was split across nine households (it wouldn’t be equal but hypothetically) that’s around 50k each. 50k is a very very nice bit of padding, but it’s not retirement money in London (much as I know, people will scoff). To put it in perspective, just thinking about elderly care, one carer will cost around £30k when you include all the employer costs.

No. I’m not saying anything like that. I’m going to stop asap. My point is that I don’t get bored.
Edit: I’ve looked back to the post you are commenting on. I actually said I’d rather not. What made you think I’d carry on?

I'd give it up without a second thought. What's the point of entering the lottery to win a life changing amount of money and then not changing it?

Really?! I think you'd be fine 🤣

I would not work anymore or work my notice.

I'd probably go in to hand my notice and leave that very minute and tell him that he he was a decent person maybe I would have worked my notice. That or I wouldn't even tell them. That's how much I love my job and my manager!

I would do it even if I won only half a million, that at least would help to start my own business.

If I won £10m I wouldn't have £10m as I'd be sharing half of that out between my family and gifting smaller amounts to friends for specific items that I know they're struggling with.

I'd then buy my husband, children and myself a medium sized house in a nice area so that we don't have a mortgage, put £100k each aside for my children into ISAs or some such and perhaps purchase a holiday apartment in Tokyo that we could rent out AirBnB style.

I'd definitely keep on working as I love my job and my colleagues BUT I think my husband would likely quit his in favour of freelance projects.

I can afford to retire. I have had time off. I’m now looking for a job again because I miss the challenge.

I don't mind my job, but I'm not sure I would even see the day out.
There are loads more things I could be doing with the time and money.