Please Hit

Folks, This is a Free Site and will ALWAYS stay that way. But the only way I offset my expenses is through the donations of my readers. PLEASE Consider Making a Donation to Keep This Site Going. SO HIT THE TIP JAR (it's on the left-hand column).

Wednesday, August 14, 2013

What Would YOU Do With a $10 Million Lotto Win????

"Dear God, you made many, many poor people. I realize, of course, that it's no shame to be poor. But it's no great honor either! So, what would have been so terrible if I had a small fortune?" -Tevya, Fiddler on The Roof

We all know that ten million dollars "ain't what it used to be," (perhaps it would be more appropriate to say "we all could imagine that ten million...").

Today's Gallup poll asks the question "if you won $10 Million in the lottery would you keep on working?" Surprisingly over two thirds of Americans say they would keep on working and the number is rising.
Two-thirds of American workers say they would continue working even if they won $10 million in the lottery, while 31% say they would stop. This desire to keep working after enjoying a financial windfall is higher today than in three earlier Gallup measures, all prior to the 2008-2009 recession.

These data are from Gallup's Aug. 7-11 Work and Education survey. In each of the three previous times Gallup asked this lottery question, the percentage saying they would quit after winning $10 million ranged from 39% to 44%.

This value American workers appear to place on working clearly plays out in reality, as some winners of the recent $448 multistate Powerball lottery did indeed decide to keep working. Susan Nickel, 63 years old, was one of the winners in New Jersey, but told reporters that while she would urge her husband to retire, she, personally, would continue working. On the other hand, winner Paul White of Minnesota was representative of the minority of workers across the country, saying he didn't "want to work for anybody else for the rest of my life for a paycheck."
This research leaves some important questions.  First are the numbers going up because of the American values of hard work, etc., are they going up because in these economic times when people are having such a hard time finding/keeping their jobs that people cling to their vocations?

Perhaps the number is going up because people realize that under our progressive leadership that more of that $10 million will disappear into the abyss of government spending or that they need to build a bigger nest egg because under Obamacare when they get older they will have to spend more money out-of-pocket for their medical care as the death panels refuse to cover their necessary treatments.

I know some people win big and become reckless party people, start drinking, blowing their money on expensive toys, etc.  That wouldn't be me!  So sure am I that my lifestyle wouldn't change, I pray to God every day to test me with a few million dollars.

My wife says that if we hit it big in the lottery she would still get up early every morning to go to work.  Respectfully I told her that if we won she should be very quiet in the mornings (so she wouldn't wake me up). I would call the boss at my "real" job to let them know I wasn't coming in till the money ran out and would finally be able to write full time (although my first post in the morning might come a little later in the day).

The real question is what would YOU do? Leave a comment and let us know.


Jesterhead45 said...

Not sure, perhaps do some voluntary work or work part-time after initial expenses, likely travel the world, move abroad and start up or own a business whilst living a minimalist lifestyle.

There are other ideas like building a off-the-grid home though the trouble is that 10 million dollars does not stretch as far as it used to compared to say 10-30 + years ago, when people could simply stop working and live on their winnings for the rest of their lives.

If money were not object, would probably seek to build a collection of one-off cars commissioned like a production version of the Volvo C30 Polestar concept, a new sleek Tatra car, new Datsun Z240 and a small-lightweight sportscar in the mould of the Austin-Healey Sprite or Honda Beat powered by downsized engines.

Kalifornia Kafir said...

I certainly would quit my current job on the staff of a major university, but I wouldn't quit working. I can think of many philanthropic and business opportunities that $10 million could fund.

ligneus said...

Normblog sends a questionnaire to various blooggers asking questions on politics, sports, books etc. One of his questions is 'If you came into a large amount of money, how would it change your life'.
One blogger answered, 'I would stop selling my dwindling supply of days and keep them for myself'.