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I actually have a great boss and would probably award her some of my winnings, depending on how much I got. I'd probably give to my co-worker as well. I actually think I would stay at my job, since I enjoy it. I'd just worry less about bills. I would definitely take more vacations too.
I actually think I would stay at my job, since I enjoy it. I'd just worry less about bills. I would definitely take more vacations too.
I have to admit I do not understand this frequent set of words from people discussing winning huge amounts of money.
Take the two main US lotteries right now - Powerball and Megamillions. The Powerball cash lump sum pre-tax prize is $162 million. The Megamillions cash lump sum pre-tax prize is $67 million.
Let's assume Federal tax is 39% and your state tax is 10%; that is, let's assume your tax hit is 49% - let's say 50% just for kicks.
That means you get to KEEP about $81 million with the Powerball prize and about $33 million with the Megamillions prize.
If you put that cash into a mattress, you can spend a million dollars a year with the Powerball proceeds for 80+ years or a million per year with the Megamillions for 30+ years and not run out of money.
But let's say you get crazy and put all the money into US Treasuries - say 30-year Treasuries. Today that would get you about 3.67% per year ROI.
For the Powerball, that means you're pulling in a pre-tax $3+ million per year and for the Megamillions you're pulling in pre-tax more than a million per year.
And ALL the original prize is available for your heirs - not a penny spent (until inheritance tax, of course).
Why would anyone continue to dedicate their life to any work environment under such a situation? That totally perplexes me. I can think of both selfish and totally-nonselfish things to do with the time left in my life that have nothing to do with employment...
I wouldnt tell my boss how I felt about her, instead Id talk to HR about her and how she has caused two people to quit already. Then I would poop in her chair.
I have to admit I do not understand this frequent set of words from people discussing winning huge amounts of money.
Take the two main US lotteries right now - Powerball and Megamillions. The Powerball cash lump sum pre-tax prize is $162 million. The Megamillions cash lump sum pre-tax prize is $67 million.
Let's assume Federal tax is 39% and your state tax is 10%; that is, let's assume your tax hit is 49% - let's say 50% just for kicks.
That means you get to KEEP about $81 million with the Powerball prize and about $33 million with the Megamillions prize.
If you put that cash into a mattress, you can spend a million dollars a year with the Powerball proceeds for 80+ years or a million per year with the Megamillions for 30+ years and not run out of money.
But let's say you get crazy and put all the money into US Treasuries - say 30-year Treasuries. Today that would get you about 3.67% per year ROI.
For the Powerball, that means you're pulling in a pre-tax $3+ million per year and for the Megamillions you're pulling in pre-tax more than a million per year.
And ALL the original prize is available for your heirs - not a penny spent (until inheritance tax, of course).
Why would anyone continue to dedicate their life to any work environment under such a situation? That totally perplexes me. I can think of both selfish and totally-nonselfish things to do with the time left in my life that have nothing to do with employment...
What's wrong with enjoying my job? I personally do not want to sit around on top of piles of cash all day and spend it on things. I've come to realize that people in my life are more important than things.
Yes, I would take time to do things, since I have the cash flow to do so. But I would get bored. When my mother passed, she left a good amount of money and I bought things and. I was going stir crazy from it, I needed an environment that allowed me to be productive.
I think you are also contradicting yourself a little bit. You're saying save the money and invest it, but at the same time what am I suppose to live on if I am putting toward my heirs?
I don't plan to pee my money away, which is what some lottery winners end up doing. I plan to pay off all the big things (the house, student loans, etc), but I don't plan to go around buying million dollar homes.
You're saying save the money and invest it, but at the same time what am I suppose to live on if I am putting toward my heirs?
Uh...$3 million per year for Powerball ROI, $1+ million per year for Megamillions ROI - and that's if you haven't (correctly) hired the Knowledgable Financial Firm that knows how to get huge returns in Cayman Island accounts.
Uh...$3 million per year for Powerball ROI, $1+ million per year for Megamillions ROI - and that's if you haven't (correctly) hired the Knowledgable Financial Firm that knows how to get huge returns in Cayman Island accounts.
I actually do know someone who'd be able to do that, the SO's best friend is a tax lawyer in Manhattan. Gets paid a ridiculous amounts of money to hide money.
As stated, I plan to vacation and go to the places I always wanted to go but continue to work. I will enjoy my new fortune for a while of course, but I do not want to become a person who buys things and then sits around with their thumb up their butt all day.
Same thing for my kids, when I have them. I'm stealing this directly from a movie but if I happen to come into some sort of money, I'm giving my children enough money to do something but not enough to do nothing.
Once it was safely in my bank account, I'd grab my briefcase and purse, leave my office keys on the desk and hightail it for the lobby without a word to anyone. I'd call the managing partner from my car and say "Sorry, I resign effective immediately, keys on desk. buh-bye!" Okay, actually, I'd have to be professional about it - I'd wait until they found a replacement, buy gifts for the colleagues I actually enjoyed working with, give a big chunk to my daughter, other family members, friends and a few charities, and live the good life squirreled away up in the mountains with hubby (and dogs).
Nothing. I would throw away my cell. Mail in my badge and keys. I would not even clean out my desk.
Disappear.
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