You won the lottery! Do you keep your job?

[chihlidog]

I'd disappear immediately. Wouldnt even clean out my desk. BYE! Sue me. Of course, the way my boss acts around here, any of the staff would do the same.

I'd invest in McDonalds. Like, open 3 franchises. Mcdonalds isnt going anywhere and they're always going to make money.

I'd buy a castle in France and live there. Travel a lot. But try and live reasonably and make the money last the rest of my life.

 

[wabbitslayer]

I wouldn't quit, but I would probably be fired pretty quickly b/c I would be telling everybody that they could kiss my ass.

 

[kaerflog]

This is a stupid scenario. 10 millions after taxes?? Of course everyone will quit working.
Try asking $2-5 millions, then you will get a variety of answers.

 

[kaerflog]

I'd disappear immediately. Wouldnt even clean out my desk. BYE! Sue me. Of course, the way my boss acts around here, any of the staff would do the same.

I'd invest in McDonalds. Like, open 3 franchises. Mcdonalds isnt going anywhere and they're always going to make money.

I'd buy a castle in France and live there. Travel a lot. But try and live reasonably and make the money last the rest of my life.

You have a much better chance of getting a castle in France than getting McDonalds franchises.
You have to go through a rigorous training program before you are a qualified owner/operator. Then you have to wait for the opportunities to own a store(s).
Getting in now means higher franchise/rent fee so you won't be making that much compared to older franchise owners.

 

[Childs]

I think I would stay, but switch jobs. I do what I do because I dont want to take a pay cut to start from scratch in another area, but I know I would be happier doing something else. And I would probably take actual vacations instead of cashing out the days. 10 mil is the minimum I would want to even think about these kinds of things. If I did quit, it would be to go back to school.

 

[smackababy]

You have a much better chance of getting a castle in France than getting McDonalds franchises.
You have to go through a rigorous training program before you are a qualified owner/operator. Then you have to wait for the opportunities to own a store(s).
Getting in now means higher franchise/rent fee so you won't be making that much compared to older franchise owners.

And I believe you need something like $1 million in liquid assets to open one. So, there is a 3rd of your money gone.

From what I've heard, Subways are the way to go. They are cheap to open (franchise fee of $10k plus costs associated with opening) and cheap to operate. Sure, they don't make as much money as a McDonalds, but they also don't cost you a ton of money.

The real money is opening a bunch of trailer parks. You can be a redneck slumlord. I'll admit I stole that idea from a coworker, but it is a good one.

 

[Shlong]

Probably quit.

In the Atlanta suburban market, a $130,000 townhome fetches around $1200 a month for rent. Purchase ten for $1.3 million and that's around $12,000 a month in income (before property taxes (around $2000 a year per townhome), rental insurance (around $45 a month per townhome), and HOA fees (around $75 a month per townhome) as long as they're all occupied) - need some extra money here and there for repairs as well.

Could live off of that and do some traveling. Maybe do small seed investment ($50k - $100k) in a company or two that I think has great potential.

Rest of the money goes in small risk decent yield investments.

 

[J3S73R]

Stay.

 

[highland145]

Stay.

SNAP...mine.

 

[monkeydelmagico]

Call my baby and tell her to pack light. We're outta here. Give notice? pffft....

 

[JManInPhoenix]

Quit in a heartbeat. I would spend the next year figuring out what I really wanted to do with the rest of my life.

 

[Sheik Yerbouti]

Quit instantly. But of course I would give notice...I'd send an email.

And it would only take about 1 million.

Yup, this. I'd stick around long enough for them to find a replacement. They've been good to me. But it ain't gonna happen, is it?

 

[nageov3t]

this sorta reminds me of an old coworker.

he married an extremely rich girl, to the point where he never really had to work again... rather than quit, he decided to see how long he could keep getting a paycheck without doing any work (stopped answering phone calls, wasn't taking tickets... literally spent all day surfing the net except on the odd occasion that someone actually walked up to him in-person to ask him to do something).

he lasted about 2 years.

 

[fleshconsumed]

- Tell no one except my dad
- Keep working
- Invest $8m either in a real estate or into market somehow
- Invest $2m specifically into 4% dividend paying blue chip stocks
- Put those dividends into checking account to give myself a little extra income which should be around 60K a year after taxes
- Give away about half of the proceeds from the dividends to family either directly or into a trust in their name to help them financially without incurring extra taxes
- Spend the rest of the dividend money to slowly fix/improve the house, buy a new car in a few years, and have better/more vacations
- In a few years reevaluate the situation and either keep working, or quit the job
- If quit the job go on a cross country car trip to see if I can find a better place I'd rather live and then settle down there. Volunteer 4 hours a weekday at some kind of non profit and have the rest of the time to do whatever the hell I want to do.

 

[zinfamous]

Oh I would quit, then create a new job for myself, most likely.

Maybe buy some property and become a slum lord.

 

[MarkXIX]

I would go buy the Dodge Viper I've always wanted, pull up in front of my work and park in the visitor parking and tell my boss I was quitting and then offer him a ride in the car as a conciliatory gesture for my early and swift departure.

 

[Scotteq]

Given that I'm too dignified to defecate on various individual's desks, I would quietly leave.

Open a personal brothel for myself in Thailand, or some such nonsense.

 

[smackababy]

This thread has inspired me! I am going to buy a powerball ticket tonight and let you guys know whether I quit my job or not when I win.

 

[chihlidog]

You have a much better chance of getting a castle in France than getting McDonalds franchises.
You have to go through a rigorous training program before you are a qualified owner/operator. Then you have to wait for the opportunities to own a store(s).
Getting in now means higher franchise/rent fee so you won't be making that much compared to older franchise owners.

Buying a castle in France is easy. This is the one I'd buy, right here. My own private island fortress. But browse the site, and take your pick.

http://www.prestigeproperty.co.uk/property/148066/French-Chateau-Morbihan-56-France/

 

[DigDog]

job? what job?
im sorry i was lost in a haze of coke and hookers and coke. did i have a job? where is my plane?

 

[smackababy]

Buying a castle in France is easy. This is the one I'd buy, right here. My own private island fortress. But browse the site, and take your pick.

http://www.prestigeproperty.co.uk/property/148066/French-Chateau-Morbihan-56-France/

And when you have to get any kind of repairs done, it's going to cost you millions to get bricks flown in that meet the specifications and requirements of whatever French historical preservation of landmarks laws there are. And good luck getting good plumbing or internet in it! I saw a story about a guy who sunk millions into renovating a castle and updating it because there were a lot of codes they had to abide by. He was one of those super rich, so it wasn't a big deal, but still.

You're far better off building a modern mansion on some land for that kind of money. In fact, you'd be able to construct a modern castle for $3 million, I'm sure.

 

[chihlidog]

And when you have to get any kind of repairs done, it's going to cost you millions to get bricks flown in that meet the specifications and requirements of whatever French historical preservation of landmarks laws there are. And good luck getting good plumbing or internet in it! I saw a story about a guy who sunk millions into renovating a castle and updating it because there were a lot of codes they had to abide by. He was one of those super rich, so it wasn't a big deal, but still.

You're far better off building a modern mansion on some land for that kind of money. In fact, you'd be able to construct a modern castle for $3 million, I'm sure.

yeah, but the history there is priceless for me. Which is why, of course, I leverage the money to make MORE money. Living there would really be my ideal. I can get satellite internet, I'll live. It's not THAT far off the coast that it should be impossible to get any sort of utility coverage. At low tide, it's even driveable.

 

[bluepromocode]

You'd have to quit your job. Otherwise you'd be sitting at work dreaming about what to do with all that money all day!

 

[DesiPower]

Give notice, and then open my own business.

 

[smackababy]

yeah, but the history there is priceless for me. Which is why, of course, I leverage the money to make MORE money. Living there would really be my ideal. I can get satellite internet, I'll live. It's not THAT far off the coast that it should be impossible to get any sort of utility coverage. At low tide, it's even driveable.

But, with just $10 million, you're not going to make nearly enough for repairs. The interview I saw the guy had sunk like $30 million into his castle and it wasn't finished with even what would be considered basic household things. Your roof is leaking? You can't call in some normal contractor, you have to have someone who can restore a historical landmark and then fly in materials to do it. It is just massively expensive.

You get a much better value building your own mansion in France and taking your million dollar car for a drive to the local castles and keeps.