Question of the week – If you just won a million dollars, would you quit your job?
Sunday, December 12, 2010
My answer to this would be no - and I’ll tell you why –
When I was working a friend did win a million dollars in the lottery. It was to be made in yearly payments over a 20 year period. After taxes my friend received only – are you ready for this? - $50,000 a year. Did she quit her job? Nope – nor did her husband. Is $50,000 a year the million you dreamed of? Hardly.
Now I know you may think this is crazy but if you’ve ever followed lottery winners that have quit their jobs the majority of them are unhappy and/or broke. Why? They go crazy spending the money getting everything their little hearts desired (well that euphoria only lasts so long) – then there is all sorts of people bugging you for a handout (boy does that get old fast) – if you’re married you fight about how to spend your money – if you divorced you worry about the other person getting your money. Wow – doesn’t all this sound like fun?
I think that continuing to work it gives us a sense of purpose. If you’ve nothing to look forward to then what’s the point? I think there is something about a daily routine that drives us into the next day – something to look forward to whether good or bad – a sense of challenge. (That’s why so many millionaires go to their jobs every single day – it’s the challenge of that day).
I know I know not all of you are happy in your job and think that winning the lottery is the best thing since sliced bread. But is it really?