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If you won a three million dollars would you continue to work?
If you could live off interest from your money, would you continue to work?
Would the work your doing now still continue provide interest? You would have to do something or you'd go crazy. Is your workplace comfortable and interesting enough to stay?
Would the work your doing now still continue provide interest? You would have to do something or you'd go crazy. Is your workplace comfortable and interesting enough to stay?
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I agree, in spite of being financially free, eventually, you would want to do SOMETHING with your time aside from sit around and play all the time. Like maybe after a year!! But yes, I'd probably start my own buisness, like a charter fishing boat. Dad always said find what you love and then figure out a way to make money doing it.
And that leads me right into, "Why am I not doing that NOW?"
Thanks for messing with my head man!!
And that leads me right into, "Why am I not doing that NOW?"
Thanks for messing with my head man!!
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Japanese management supports employees hoping for creativity and drive in the work place. The Ultimate corporation listens to ideas, acts on them, and shares the profits. Building the dream is a partnership. $3 million provides a minimum monthly payment lifestyle. Good luck .
I don't think $3 million is enough to make me stop working. I would use the money to set up college funds for my 3 children. I would also purchase a new home in a nicer area (not that i don't like my home, but like most people we "settled" based on where we could afford). I would set aside the rest of the money and let it accrue interest while living comfortably.
I would probably change jobs though. I would work doing something i just plain loved instead of working to support my family.
$3 million is a large amount of money but not enough to last a lifetime for someone like me in their 30's. Perhaps if I were older with fewer financial burdens and obligations my answer would be different.
I would probably change jobs though. I would work doing something i just plain loved instead of working to support my family.
$3 million is a large amount of money but not enough to last a lifetime for someone like me in their 30's. Perhaps if I were older with fewer financial burdens and obligations my answer would be different.
I should have used 50 million dollars but I thought no would believe this question was credible.
mmm. perhaps with 50 million i would be more inclined to live the easy life, lol.
Yes... I love what I do and I love helping people. With that cushion, I could also expand my business so I could help more people and enjoy my work even more!
Yes, but perhaps in a different way. All my life I've worked fulltime for somebody else. And all my life I've daydreamed about taking an idea and turning it into a business - I have no shortage of ideas, it's kinda what I do for a living, just for other people. As time's gone by I've missed my "window of risk", and with three little kids and a mortgage to support I just don't see myself ever taking the leap.
But if you put 3 million dollars in the bank? I most certainly would.
But if you put 3 million dollars in the bank? I most certainly would.
Excellent answer.
Shakespearegeek, if you think some your ideas really could be winners, you might be able to find a way to pursue them with acceptable risk, i.e. in your spare time build a little prototype to demo, then find partners and investors, and hire some young developers.
Shakespearegeek, if you think some your ideas really could be winners, you might be able to find a way to pursue them with acceptable risk, i.e. in your spare time build a little prototype to demo, then find partners and investors, and hire some young developers.
Trust me, Phil, every computer I come near is littered with prototypes of ideas I've thought about taking to the next level. I cart rattling USB keys full of source code from job to job like Jacob Marley's chains. Heck, even over on ShakespeareGeek.com there's soon to be a handful of Rails prototypes creeping out into the public eye.... :) I often get stuck on which one to pursue - the most fun one, the easiest one, or the one most likely to make money that will unfortunately take the most work? Decisions, decisions...
I will check out ShakespeareGeek.com!
As for which to pursue... I don't know how much this will help, but some key things to bear in mind...
a) With a startup you need enough passion to last the distance and survive the roller-coaster ride. Money alone is seldom enough motivation for most, but then there are exceptions to every rule! That argues for picking an idea that excites you the most.
b) As for easy vs make-the-most-money... take a quick think about risk vs reward. Obviously if you need investors, they'll care about making a lot of money, but if your easy ideas are easy enough to go it alone, that might swing it. However savvy investors are well aware of point (a), and they won't back you unless you are really passionate about the idea.
c) If it's so easy and obvious that thirty other people are probably working on the same thing right now, it's probably not going to be a winner. However it doesn't matter if seventy other people are in the same game if you have a brilliant solution to a tough and important problem that they don't have.
As for which to pursue... I don't know how much this will help, but some key things to bear in mind...
a) With a startup you need enough passion to last the distance and survive the roller-coaster ride. Money alone is seldom enough motivation for most, but then there are exceptions to every rule! That argues for picking an idea that excites you the most.
b) As for easy vs make-the-most-money... take a quick think about risk vs reward. Obviously if you need investors, they'll care about making a lot of money, but if your easy ideas are easy enough to go it alone, that might swing it. However savvy investors are well aware of point (a), and they won't back you unless you are really passionate about the idea.
c) If it's so easy and obvious that thirty other people are probably working on the same thing right now, it's probably not going to be a winner. However it doesn't matter if seventy other people are in the same game if you have a brilliant solution to a tough and important problem that they don't have.
I would like to continue to work but not for anybody. I would be starting up my own business and be my own boss. As space-angel stated, "I would do something I just plain love, instead of work to support my family". Truly, it may look like a lot of money at first, but it sure won't last a lifetime.
Yes I would,
It would be more than enough for me to move back near my family and maybe pursue my dream to do charity work.
It would be more than enough for me to move back near my family and maybe pursue my dream to do charity work.
I would definitely still work. The money would be a good backstop, and I would certainly start my own business. The most important benefit of the backstop, to me, would be that I could reject clients. I would stick to those who would take my recommendations seriously, who would cooperate in the implementation, and whose cause I at least somewhat agree with. When I do get to work for a client like that, I really enjoy my work, so why not keep doing it?
I would use/invest what I could in ensuring my immediate family's future was secured through trust funds, elder care insurance, etc. Whatever was leftover would be used to fund my own business so that I could go back to being my own boss. Which probably means I would be working longer and harder than I am now (hard to imagine) but on my own terms.
Yes, I would continue to work. I've always done more than one job/volunteer activity/hobby since I began working when I was 14. $3 million would change how much I do and how I go about it, though.
I would retire from one of my jobs, though - the one that moves at a snail's pace and is three or four steps away from results. Currently, it provides stable income and health coverage, but it's not interesting enough to stay if those needs were met.
I would retire from one of my jobs, though - the one that moves at a snail's pace and is three or four steps away from results. Currently, it provides stable income and health coverage, but it's not interesting enough to stay if those needs were met.
Yes and No. I would cut down to part time, or none to take care of my kids. But when they are grown I would prolly go back to full time to have vacation money.
I would not work for an employer (where I wasn't the boss).. I would probably work on one of my own entrepreneurial projects.. Create a philanthropic endeavor that in someway helped other people. I'd like to create affordable, not-for-profit affordable housing company that builds small affordable, modular housing for moderate and low-income people.
I would use some of my money to seed the start-up, but would look for OPM (other people's money) to grow the business. It's OK if I start out small.. One house/unit at a time. I know exactly how I would grow the business. Since I'm already in the housing industry, there would be no learning curve.
Few workplaces are so comfortable, well designed or factor significantly in making the choice to stay or change. Most people leave or stay in a job due to how they are treated and valued in an organization. Even pay usually ranks 2nd behind this first factor. I made great money at my last job, and would never return to work for and with that group of toxic people. At my last job, the boss fired a guy (in a very callous, asinine way), and the guy had a stroke a few hours later.
They never hired or promoted based on merit. Never.
After the money was safely invested, put away, I would make two calls (following comic J. Anthony Brown's lead):
First Call: To tell my old boss what I thought of him. (It would not be pretty.)
2nd Call:. The next day to that same ex-boss saying " Yeah, you heard me right. I said it!."
I would use some of my money to seed the start-up, but would look for OPM (other people's money) to grow the business. It's OK if I start out small.. One house/unit at a time. I know exactly how I would grow the business. Since I'm already in the housing industry, there would be no learning curve.
Few workplaces are so comfortable, well designed or factor significantly in making the choice to stay or change. Most people leave or stay in a job due to how they are treated and valued in an organization. Even pay usually ranks 2nd behind this first factor. I made great money at my last job, and would never return to work for and with that group of toxic people. At my last job, the boss fired a guy (in a very callous, asinine way), and the guy had a stroke a few hours later.
They never hired or promoted based on merit. Never.
After the money was safely invested, put away, I would make two calls (following comic J. Anthony Brown's lead):
First Call: To tell my old boss what I thought of him. (It would not be pretty.)
2nd Call:. The next day to that same ex-boss saying " Yeah, you heard me right. I said it!."
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