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View Poll Results: Work if you won a large lottery?
Retire immediately 66 50.77%
Keep working in current job like nothing happened 12 9.23%
Go part-time 12 9.23%
Start an entirely new career 7 5.38%
Start own business 23 17.69%
Buy rental real estate 18 13.85%
Other (explain) 22 16.92%
Multiple Choice Poll. Voters: 130. You may not vote on this poll

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Old 10-28-2022, 01:45 PM
 
Location: Durham, NC
2,616 posts, read 3,145,723 times
Reputation: 3605

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Quote:
Originally Posted by Kluch View Post
I can't imagine retiring immediately at my age (33). I'd be SO incredibly BORED. I need something to do and look forward to each day. I might get a different job but I'd keep working regardless.
I know the feeling. I'm 65, just a couple of years off. At any stage of life, I would have found plenty to do in spite of not having a job. The difference is that I would do things on my time, at my pace and my pleasure.
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Old 10-29-2022, 07:21 AM
 
1,261 posts, read 560,264 times
Reputation: 1175
I'm only 35. I can't see just up and quitting now, especially because I work for a public authority with great benefits. I'll stick around for 20 years, but I may not be as ambitious to move up the ranks and could settle for a mid-level job. It's a railroad company, so I could also see myself going for one of the more interesting positions like locomotive engineer, which I would be hesitant to do now because of an initial pay cut and highly irregular and unpredictable schedule.

I would definitely take advantage of all available paid time off and use it to travel, though.
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Old 10-30-2022, 08:05 AM
 
Location: Southern California
12,767 posts, read 14,963,616 times
Reputation: 15331
Quote:
Originally Posted by Forever Blue View Post
If I was 20 yrs younger, I'd go back to school once again for fun & study Anthropology as I always told myself if I won life-changing money...probably get a PhD in it. But I wouldn't actually work as an Anthropologist.

However, at the age I am now, I've worked hard enough & I'll have to see about school again at this point. I'll probably not want to work at all anymore & just enjoy the rest of my life, catch up on travel to all the places I wish I had gone to earlier, etc. Everyday will be an adventure.

I was the 2nd poster in this thread (& above is what I said), but want to add something:

A "large" or "life-changing" lottery amount means different things to different people depending on COL where they live & their current age (the younger they are, the more spending they'll still do for the remainder of their lifetime as opposed to a middle-aged or elderly person since more of their life has passed by).

For ME personally, I'd want at the very, very least, $1 million AFTER all taxes are taken out.

Having a cool $2-3 mil would be a lot better because I still have to buy a home & fiance' & I want to at least each get a new vehicle, so that alone right there takes care of most of the first mil. Then, I'll want to pay off my mom's house & get her a nice, modest home. Then, we'll need enough to live on in which we always do modestly.
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