Say after you win a million dollars lottery, will you continue your work ?
2007-08-11 03:16:14 · 11 answers · asked by ANT 2 in Games & Recreation ➔ Gambling
In today's world with inflation and cost of living on the rise I'd say 1 million wouldn't be enough. You'd need to not only have a trusted investment broker that will make the money grow, but would have to have a set spending limit the rest of your life. Best bet is do what I dream I would if I won a million dollars. Invest a large portion, use the remaining to by what you need, like good sound home that will be sure to increase in value. Then not necessarily quit work but do something you know you'll love to do and have the freedom to be opened mined.
2007-08-11 03:25:18 · answer #1 · answered by tjlmbklr 3 · 2⤊ 1⤋
That's so funny you asked this question, I asked the same question to my friends last night (I'm in a powerball pool so I had to ask them). I would say no, the reason I say no is because in order to quit working at my age (24) I would have to make a ton of VERY good choices with the Million in order for it to last me the rest of my life. First I don't have a house, I live in an appt. Second I would want a better car than my 95 explorer, so that would cost me between the the house and the car alone around $300,000 (250,000 for the house, 50,000 for a car and insurance with-in the first year.) Then I would have to get a financial adviser in order to figure out how to invest my money correctly before I would decide to quit working. I'm only 24, I could open my own business (which I consider to still be working...Not sure if you do or not) and then I could turn the Million that I started with in to multi Millions with in years (with my investments and beginning business which can take time to make profitable...FYI). Now if I could do that with the first Million then OH YEAH I would quit working, but not until I get at least 5 million net worth and that's at least, it's more like 10 million net worth, too many people quit working when they hit a big jackpot and end up working again with in 5 years (most of the time sooner).
2007-08-11 13:10:41 · answer #2 · answered by jb12420 1 · 0⤊ 0⤋
A million Dollars in not much today.
I'd still work and Invest the Mil until I cant work and then hopefully that Million would have also matured properly.
If you can get a decent annual return for the 1 Mil invested properly that would be the way to go-live of the returns .
2007-08-11 12:45:05 · answer #3 · answered by Ajeet M 5 · 2⤊ 0⤋
I might take a one month vacation and just chill and relax. Ahhh just the thought of that...
After that i will work again. I mean a million dollars is alot, but it wont last for 30 yrs. You dont want to be eating steak for the first year and then be forced to eat campells clam chowder for the rest of your life.
2007-08-11 17:24:38 · answer #4 · answered by dunhate235 5 · 1⤊ 0⤋
Yes. A million dollars isn't enough money to retire on anymore. Maybe two million, but not one million.
2007-08-11 13:27:18 · answer #5 · answered by ? 6 · 0⤊ 0⤋
I'm a poker player, so yes, with a million I will play high stakes poker.
2007-08-11 12:13:41 · answer #6 · answered by pokercoach 5 · 0⤊ 0⤋
yes, definitely
nyc is an expensive place to live in
but if it was, lets say, 50 million, thats another story^^
2007-08-11 12:53:30 · answer #7 · answered by Billy 5 · 0⤊ 0⤋
After the IRS gets their share, you no longer have a million $.
2007-08-11 10:25:45 · answer #8 · answered by ed 7 · 0⤊ 2⤋
yes, as greed of human being never ends ! if you start spending it , its the kind of work you do it to satisfy your desires . isnt it?
2007-08-11 10:21:51 · answer #9 · answered by amit achantani 1 · 0⤊ 0⤋
why take a job from someone else that really needs the money....hell no i wouldn't
2007-08-11 10:23:17 · answer #10 · answered by meister 4 · 0⤊ 0⤋