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Winning the lottery...
 

[Closed] Winning the lottery and finishing work (hypothetical q)

 DezB
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I have no doubt about being hard.

Buy the business you work for, sack all the staff and burn it to the ground.

What if you work for the government..?


 
Posted : 22/10/2018 2:45 pm
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WTF would anyone work their notice if they had won enough money to retire?

I'd just phone up, say I was sick and see how long they would keep paying me for.


 
Posted : 22/10/2018 3:14 pm
 poly
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* compose letter of resignation

* work notice

* receive P45

* never work again

I'm trying to work out what more to it you think there might be?  I guess one of the obvious questions would be - do you need to pay NI contributions, to maintain access to public services (assuming the win is not SO big you really don't give a toss about them)?

£1m isn’t enough for a 35yo to go work-free for ever…

Mmm...  Plenty of 35 yo will not accumulate £1m of take home pay between now and retirement so I suspect it is.  The challenge is that is doesn't let you "retire" and "live the life of a millionaire".  Another issue is it might not let two people live a comfortable life. But lets assume:

1. You were planning to retire at 65 so still had 30 yrs work left.

2. You have no children or other dependants to squander your money.

3. You spend £250k on property and are then mortgage free.

4. If you will spend the remaining 750k (so assuming your investing is so bad it just keeps you up with inflation) you'd have a tax free income of 25k per annum.  Thats about the same as £32k pa pre tax... not going to be "rich" but with with no mortgage to pay thats pretty comfortable (must be about the same as someone in the mid/high 40's paying a 250k mortgage)


 
Posted : 22/10/2018 4:00 pm
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Notice? I'd just rock up and make a leaving speech .....

then do some doughnuts in the carpark in my newly acquired supercar.


 
Posted : 22/10/2018 4:09 pm
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I see that in the US their lottery was rolling over to $1.6billion (£1.2billion). I could be very comfortable with that. It would be a challenge to spend the interest every day!


 
Posted : 22/10/2018 4:14 pm
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I will still go to work with a permanent happy grin on my face everyday until I have decided what to do next ... 😀

Apart from the grin life goes on as "normal".


 
Posted : 22/10/2018 4:25 pm
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I see that in the US their lottery was rolling over to $1.6billion (£1.2billion). I could be very comfortable with that. It would be a challenge to spend the interest every day!

Pah. It's only 800 million or so if you cash out, or 30 years of installments to get the full amount. Hardly worth bothering.


 
Posted : 22/10/2018 4:27 pm
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Having thought it through, I might still show up to work, if only to park in the wrong car park space to get security to make the announcement "could the owner of the 1963 Ferrari GTO please contact reception", everyday for 3 months (with a different car).

I will still go to work with a permanent happy grin on my face everyday until I have decided what to do next

I think everyone's said that, it's just most people would make the decision quicker than Binners would eat a steak bake.


 
Posted : 22/10/2018 5:15 pm
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A friend has recently come into about £2m (he invested in the business he is a director of and it's come very good for him). He is 46 and he reckons he could (but isn't going to) retire on what he has but knows he can't just spend it like he's rich (as has been said above).

He has, however, bought a modest family home (£500k), paid off the mortgage on his last place and renting it out and bought two or three further small properties in the village he lives in and is getting a nice income from all of those.

And the %£@&^$* has bought himself an F-Type. (sobs)


 
Posted : 22/10/2018 5:56 pm
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And the %£@&^$* has bought himself an F-Type. (sobs)

So his decision making process is flawed then 🤣


 
Posted : 22/10/2018 6:09 pm
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Another take would be, would your employer want you to stay in when you could hypothetically be worth more than them?

Me personally, would send my notice in in a post card


 
Posted : 22/10/2018 6:26 pm
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I've always thought he's one of the good ones......

If I won the lottery.....

I'd help Gnusmas out properly, 'cos he deserves it.

As for work; I'd often thought this. Although in general it's a pitiful experience there are bits of the job and colleagues I like, and who i wouldn't want to see shafted, so i'd be tempted actually to speak to my boss and say that if they want me to come in and just do / get paid for those bits and/or other stuff that might interest me as it comes up, I'll continue to do that. Might be 2-3 days a week with plenty other time for C&H and bikes. And if I a/ didn't have to deal with the bell ends and b/ with the safety net of knowing that at any time I could just say 'Ah, **** it' - then the bits that annoy me but also stress me because i have to poke up with them because otherwise I don't get paid - well with that big a safety net under me, it isn't worth being annoyed over any more.

Analogy - I'm scared of heights, yet I can do a Go Ape high ropes course with no bother...... because I know I'm roped on and can't fall. So the work equivalent of that would keep me occupied long enough to stop getting too deep into the C&H problem.


 
Posted : 22/10/2018 7:06 pm
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Win lottery, drop work keys through the letterbox with a note saying good luck for the future.

Buy a 1970s Aston V8, fit a bike rack, head for the alps, dont look back*

*until the wife and kids realise I'm gone. Then they can join me.


 
Posted : 23/10/2018 10:11 am
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yeah I hate my place of work but I do enjoy the job. I would still go in for a bit, just for a laugh, just so I can speak to people how they should be spoken to instead of biting my tongue as I know these people have an influence over whether I get a payrise or not. I'd not tell anyone and see how long it'd take before I got fired. I'd also want to gift some cash to some people and tell others to go **** themselves. 🙂 there's one particular senior manager who is rather large with a wobbly bit of skin under their chin so I'd love to go and wobble it while going 'blehelehlehblehe'


 
Posted : 23/10/2018 10:20 am
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head for the alps

Bet you don’t get as far as Dover before you have to get the RAC involved...


 
Posted : 23/10/2018 10:27 am
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If I won more 10 million then why would I work my notice?

I’d ring up and say I’ve quit.

Set up trust fund for close family.

Buy a new bike and house in the warmth?


 
Posted : 23/10/2018 2:32 pm
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Bet you don’t get as far as Dover before you have to get the RAC involved…

If Rob warner can get his Jag out to La Bresse anything is possible!


 
Posted : 23/10/2018 2:46 pm
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I've just bought the winning ticket for tonight's EuroMillions so I'll tell you all the letter that I write...


 
Posted : 23/10/2018 2:51 pm
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Drop leaflets over your old workplace with the words “ Look up, yeah that’s me.. now watch me fly off into the distance”

They'd get the message..


 
Posted : 23/10/2018 2:51 pm
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Boring answer, I'd probably finish out the week (maybe three days?), clear my desk, pass on any important emails/work and take everyone to the pub just to say goodbye...

Only because I do like the people I work with, and I wouldn't want to burn any bridges just in case, although odds are we'd probably have lost touch within a couple of weeks...

But if I was truly financially self sufficient through a lottery win, there's hundreds of other things I'd rather be doing with my time instead of working, and they could keep the one months notice/pay, it would be relative peanuts to me and my time would now be far more valuable (literally).


 
Posted : 23/10/2018 2:59 pm
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A colleague in Germany won quite a few million on the lottery. He disappeared from work almost immediately.

I’d be out like a shot.

lifd is precious.


 
Posted : 24/10/2018 2:14 am
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Notice period? My notice period would be the time it took me to go to work, knock on my bosses door and say "I won't be in tomorrow, and likely ever. See ya".

Obligatory splurge of cash on car, bike, travel and some large donation to whatever charities / good causes I want to help.


 
Posted : 24/10/2018 8:18 am
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apocryphal story from a colleague was of a friend who won a decent amount and came in next day to give notice.

Boss "Will you finish your shift?"

Winner "You'll be lucky if I finish this conversation. Bye"

I wouldn't "work" for anyone else again. Too many plans, projects and things to do and life's too short to not being doing them if I had the means.


 
Posted : 24/10/2018 2:32 pm
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I've already told my boss my plans. I will buy the scummiest van I can find with an MOT and pay the filthiest tramp I can find to live outside his house in it. It'll also have a live ticker display showing the growth of the money I've invested.


 
Posted : 24/10/2018 10:28 pm
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Think I'd go in for a couple of weeks, maybe a month.

I like my colleagues and clients a lot and wouldn't expect them to manage without a smooth handover.

After that new dinghy or two and a year of navigation and yachting qualifications and buy a 40-50 cruising yacht designed for short handed sailing and I'm set.


 
Posted : 24/10/2018 11:31 pm
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A twenty second phone call would be the last and only contact with my employer. Assuming I was sober enough to remember to make it.


 
Posted : 24/10/2018 11:43 pm
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<p>Assuming it's a massive win I may work my notice just to keep up the pretence it wasn't me. </p><p></p><p>LOL, would I ****...</p><p></p>


 
Posted : 25/10/2018 12:09 am
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It'd be the last full time job I'd likely ever do, so I think I'd offer to work my notice, subject to just being to go "f*** it" and walk off if I'm having a bad day. I like my employer and walking off would screw them over, I'd like to at least mitigate that.


 
Posted : 25/10/2018 12:31 am
 Moe
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IIRC, some employers (Government departments being one) may put you on 'gardening leave' with immediate effect, so there may not be a choice.


 
Posted : 25/10/2018 7:43 am
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If I win big on the lottery I'd quit immediately and buy a plot of land opposite the entrance, build a massive house with a nice balcony and every morning I'd be sat out there waving at them all as they came in to work.


 
Posted : 25/10/2018 7:57 am
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Someone won the $1.6bn in the US the other day.. In South Carolina..

I wonder what thier notice period negations went like..

NSFW..


 
Posted : 25/10/2018 9:35 am
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As a freelance designer and photographer, I’ve got no boss to tell to do one. I’d probably let my clients know that my focus isn’t likely to be great anymore but that I’d handover anything they need to another designer. I’d then bugger off around the world, taking photos and riding bikes with my family in tow. Gotta have something to keep me occupied.

Plus, it’d be incredibly freeing to only do work because it was creatively satisfying, rather than having to worry about whether it earned enough to be viable in the first place


 
Posted : 25/10/2018 9:55 am
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