Winning the lottery

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edicehouse

edicehouse

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Jun 8, 2011
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Suffolk, VA
We talk about a wide range of topics at work. One thing that pops up from time to time is if you won the lottery would you quit, 2 week notice, or keep working?

I'm not sure, but I would love to have to make that decision.
 
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I guess that would depend somewhat on the amount of the prize. I'd like to think I'd fulfill my year's contract, however if it's in the millions, I might reduce that to two weeks notice.

Obviously with a major prize, first calls would be to line up a legal and financial team and stay out of site as much as possible (impossible here in Maine, I believe).

Assuming the prize is sufficient, it seems wise to set up enough investments/trusts to ensure most of the principle will remain intact to take care of family. Of course, I'd hold out a million or two and have some fun. :-)
 
Back a couple years ago when the jackpot was 1.5 billion, we had 4 or 5 of us in an office pool, we each threw in $5. Well the boss came up and said if you all win, you are not all allowed to quit at the same time. LOL, like that would effect my decision.

Don't get me wrong when I play, I only get 2 tickets at a time, so I am not counting the money by any means.
 
I am retired now but if I won when I was working I would have given notice, not just walk out. I would do this for two reasons. One being the places I worked always treated me very well. Second, I was in management with many people reporting to me either directly or indirectly. Those people worked hard and it was their hard work and dedication that helped make me successful. Walking out on them without ensuring a smooth transition for my replacement would have been wrong.
 
I have always worked for great companies, so would give notice before leaving. At one time I said I wouldn't quit but talked with a couple of folks who worked at a place where their coworker made that decision. They indicated that between the flack he caught and the fact that his perspective changed overtime regarding tolerating the little things that you normally work through, he only worked a few months before leaving.

Now that I am older, in particular, I would quit but I would give notice, work with the company on a timeline and offer availability if needed from time to time in the future.


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One thing I have noticed is most of the time, the more senior generation tended to lean to staying or giving a notice, where the other end of the spectrum (I didn't want to say young and old) seemed more of the I'm OUT!!!
 
I'd pay off the house and cars and then see what was left. If it comes close to the amount I'd need to retire with no change in income, I'd give notice that day. The standard for medicine is 3 months, however.
 
Don't know what I would do...I don't play the lottery, and we've been debt free, including the house, for twenty years. Probably set up trust funds for the kids and grandkids.
 
I always said I'd quit but I'd give a 2 week training period. I was in construction so the hard work would stop immediately. Then I'd give all family members a good chunk so they could take care of themselves and not have to ask me for help. Last but not least I'd give my best friend a Million Dollars. My Mother in Law looked up and asked why I'd do that. My reply was "I'd need someone to run around with and he'd need to quit work as well".
 
If I was still working, it would depend on the time of year. If it's before February I would give two week notice, and hope I make it that long. February to November, I would be following the Nascar circuit EVERY WEEK. :biggrin: That's always been my Need To DO thing.
 
mecompco said:
I guess that would depend somewhat on the amount of the prize. I'd like to think I'd fulfill my year's contract, however if it's in the millions, I might reduce that to two weeks notice.

Obviously with a major prize, first calls would be to line up a legal and financial team and stay out of site as much as possible (impossible here in Maine, I believe).

Assuming the prize is sufficient, it seems wise to set up enough investments/trusts to ensure most of the principle will remain intact to take care of family. Of course, I'd hold out a million or two and have some fun. :-)
Click to expand...

Yeah, Mike, it pretty much is impossible to stay invisible here in Maine. And amazing how many long lost relatives you find! :rolleyes::biggrin:
 
I'm working and hit the lotto..... would quit as fast as I got the check..... seriously if my employer meant a lot to me I'd discuss the future with them. Would not forget where I came from and who gave me my livelihood. If no emotional attachment...2 weeks.
 
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Remember if you win a big lottery your employer is going to want you out and out fast because it will be a huge distraction. Everyone around you is going to talk to and about you and not work. They won't be paying attention to what they are doing which in some setting means scrapped parts or people getting hurt. They are also going to have to contend with people outside the job trying to get to you looking for you to invest, donate or buy what they are selling. A smart employer will understand that and get on with things in exactly the same way they would deal with you being in a bad accident and not being there for a few months. If they can't function without you because you are critical to the operation then they aren't managing properly. :eek:

It is all a dream anyway but if............ :rolleyes:
 
Well, I do have one tattoo

that I got when the company I was working for was bought out and new management was brought in. Three little words: "Place Lips Here," placed on a lower fleshy spot. If I won the "Big One," I would be willing to show that tattoo off once again.
 
Why not quit your job and give it to someone who needs a job? I have posted somewhere else about this. After pondering this, my grandkids would be millionaires with the money in trust funds for college or whatever they want. I would go to Ohio and learn to speak Slovak at a place that offers lessons. My father would never teach me. Through Ancestry.com, I found the two places where my grandparents were born. Learn the language and go to Slovakia to visit those places and see who are my relatives.
I have also said I would pin mistletoe to the seat of my pants and walk around the courthouse three times!
 
Hit and quit. First would help people & family out.
Next...some essentials. A fully loaded Mini Cooper JCW convertible. A GinaCue. A new pool table.
 
two weeks notice?
WHEN I hit the BIG one, I'll drop my badge off and say BYE BYE!!!
Then get some talent together and design MY NEW SHOP! woo hoo!!
... and take the grandkids fishin!
 
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