After the Big Win

Reply #30

s5thomps — Wed, 28 Jan 2009 10:12:15 GMT

Right next 2 Fortunecookie city

Reply #29

chouquounette — Wed, 28 Jan 2009 03:47:37 GMT

Where is wontonsoup located

Reply #28

Elizabeth03 — Wed, 28 Jan 2009 03:31:15 GMT

Well I haven't found any job that I've liked, so I would gladly quit any job for $1 million dollars or less...

And travel which I really want to do, and get away from the stress I have now... And the people around here, and to move somewhere else that I am more comfortable....

Reply #27

susie545 — Tue, 20 Jan 2009 18:41:06 GMT

$1million dollars. I am very good with money.

Reply #26

s5thomps — Tue, 20 Jan 2009 09:52:25 GMT

It looks like 5 million after taxes is the overall winner. I voted for 10 million, but I think 5 mill is more than enough. On Tuesday when change in our leadership comes to America, I am hoping that CHANGE to my financial situation comes on Wed. Although you can't blame the entire state of the economy on the Bush administration, you have to admit it has been a rough 8 years for a lot of Americans. I am hoping that every LP member and every citizen have a happy and prosperous 2009 and beyond. I k... [ More ]

Reply #25

awwcrap — Sun, 18 Jan 2009 12:00:44 GMT

It will take 15 millon or more to make me quit my job of 20yrs

Reply #24

Pogo — Sun, 18 Jan 2009 02:55:09 GMT

$5 million to live small, comfortable, and green... Is there anything more??? Pogo

Reply #23

DelmarvaChick — Fri, 09 Jan 2009 15:41:11 GMT

I think my purpose for the day would be to have fun...snowboarding, bungee jumping, kite surfing, visiting family, teaching my nephews how to do the same thing. Aftrwards I think I would volunteer more at shelters (animal and human...or maybe start one of my own). For me to quit I think 5 million or so would do it (after taxes)...to go insane and not give a hoot...I think I'd have to be the only winner for el gordo...lol

Reply #22

OldSchoolPa — Fri, 02 Jan 2009 17:05:36 GMT

Since I do not have a job in the technical sense of the word (yet I am working for a living), I would have to say that this would have no bearing on me. But if you're talking about how much money I would need to win in order to stop working for a living, I would still think that just because I enjoy what I do (helping others achieve financial independence), I would not quit working in that capacity even if I happened to win $10M or even $100M (cash value in both cases). But my lifestyle would de... [ More ]

Reply #21

AuntiePat — Tue, 30 Dec 2008 12:02:28 GMT

I chose Other as I am already in semi retirement--and any amount of money over 1 million from which I could,invest and derive incme would be a life changing amount for me. But everyone knows what their needs are--as I have aged, my 'wants and needs' have narrowed somewhat and I am trying to GET RID of some of my possessions, not accumulate more.

But that's just me.

But I would love enough money to go solar and wind powered and help my daughter and parents to do the same.

Reply #20

EXMECHANIC — Mon, 29 Dec 2008 21:14:47 GMT

5 Mil, quit my current job get my finances in order could take 3-6 months to accomplish, then start my own business.

I don't think I could sit around the house all day and be rich, I like having a purpose for each day.

Reply #19

KY Floyd — Mon, 29 Dec 2008 21:14:21 GMT

I don't know about anyone else, but I rely on work for income (now and in retrement), notto be productuve. There are more than enough volunteer opportunitiesout there to give everybody 40 hours a week of productivity, and more than enough people who need the income to take over the jobs of anyone who doesn't need to money. OTOH, while I don't know about most individuals, there are plenty of people who need a job in order to feel worthy.

It sounds to me like gamegrl misunderstood the question.... [ More ]

Reply #18

Todd — Mon, 29 Dec 2008 20:57:09 GMT

I guess the question assumes one would ever quit their job. I'm not sure I could get to the point of doing nothing productive.

Reply #17

justxploring — Sun, 28 Dec 2008 20:32:28 GMT

I chose $1 million after taxes. Someone with 3 kids, college loans, etc. might have a tough time, but I don't spend a lot of money. In fact, I'm sure something is wrong with me because I don't shop a lot and can't understand the whole I've got to have 50 pairs of shoes thing.

I just want a nice place to live, a reliable car, enough to enjoy a night out on the town once in a while. More important - I want an affordable health care plan and to grow a 3rd set of teeth.

Gamegirl - I envy... [ More ]

Reply #16

hearsetrax — Sun, 28 Dec 2008 19:43:14 GMT

Reply #15

TheGameGrl — Sun, 28 Dec 2008 13:17:11 GMT

dphillips! I like your rational thoughts :)

Personally and begrudgingly if I had to quit my job based on money flowing in it would take more then 15mill. Not for greedy reasons. For the fact that I sincerely enjoy my profession and do not consider WORK(career) a burden any more then I considered the years I vested in the role as a mother . Money is not the prime motive (although its a nice perk!) in going to the office. With the economy in a shambles I would scrap the Investment idea (unless

Reply #14

dphillips — Sat, 27 Dec 2008 16:41:27 GMT

These are some mitigating factors a person should consider:

1. Age: are you younger or are you older?

2. His or her standard of living at the time of the windfall, and the continuance of that present standard of living or the progression toward a higher standard of living.

3. Life expectancy based on actuarial data and genetic influences. Remember, death is an equal opportunity employer.

4. Investing conservatively (based on age) or risk-takers (for the young winners).

5. Family e... [ More ]

Reply #13

DC81 — Sat, 27 Dec 2008 01:52:00 GMT

Me too, a lot of people don't seem to realize that you may owe an additional 10% in April and a lot of winners have gotten in trouble because of it.

Reply #12

lottocalgal — Wed, 24 Dec 2008 02:39:33 GMT

Looks lis $5,000,000 is the current winner. If we are talking about take home after fees and taxes, then $5,000,000 would set me up something great. Of course Anything will help me right now.

Reply #11

grengrad — Mon, 22 Dec 2008 15:21:29 GMT

Yes, your assumption is correct.

The poll asks How much money would it take (after taxes) for you to quit your job?

I always calculate taxes at full federal and state, not just what they take out up front.

Reply #10

GamerMom — Mon, 22 Dec 2008 15:09:24 GMT

I'm assuming that's 1.6 after federal witholding taxes are taken out, right? Don't forget to save $$$ for additional taxes come April 15

Reply #9

grengrad — Mon, 22 Dec 2008 15:03:42 GMT

For me to quit my current job, I would want $1.6 million, and then I would move.

$600,000 housing.

$1,000,000 investment income to provide a stable revenue stream.

That said, I would still go get another job immediately after I moved, so I am not sure if that is what you mean.

For me to quit my job, and not get a serious one to replace it, I would need $3.3 million, so I voted for $5 million

$80,000 car

$120,000 travel.

$600,000 housing.

$2,500,000 investment income.... [ More ]

Reply #8

GamerMom — Mon, 22 Dec 2008 14:44:53 GMT

I think you have to consider exactly what you are giving up when you quit your job. Yes you may not be happy with your salary but most people get extras that are actually quite invaluable. For example, most people have some sort of health care plan, dental, vision, 401K, life insurance, AD D, etc. If you purchase all of that on your own you will have one heck of a monthly bill. That's why it would take at least $15 million for me because I would not only be buying insurance for me but my childre... [ More ]

Reply #7

mymonthlypicks — Mon, 22 Dec 2008 14:02:57 GMT

I figure the average person over the course of a lifetime is lucky to make a million dollars;

This may be correct for people Born in the 50s but after that I don't believe thats true since to make a Million its only 50k for 20 years or you can break it down even farther buy its only 25k for 40years and with C.O.L. your need a lot more in the future. For me 2 million will be more then enough,

Reply #6

cosmotravis — Mon, 22 Dec 2008 13:50:57 GMT

after doing some serious cyphering one night. I figured a 30 y/o person could live off 3.3 million for the rest of their life in the rural midwest. probably less if you wanna be tight with money. 105k a year is a nice chunk.

give the rest to friends and family.

Reply #5

Guru101 — Mon, 22 Dec 2008 06:46:02 GMT

I picked 5 million. Of course, that's quitting a job working for someone else. I would still start my own business.

Reply #4

Grovel — Mon, 22 Dec 2008 02:23:05 GMT

I would have to be at least 10 mil for me to quit my job. 5 million would not last me the rest of my life I think.

Reply #3

DC81 — Sun, 21 Dec 2008 02:06:10 GMT

I picked 10M since at that point one could be able to live comfortably just by making a measly 5% return. Sure with 5M you could do well also with the same rate with still having a regular six figure income but you'd probably want to do something more to help supplement it, at least if you're somewhat young still because if you expect to live for another 50 or so years that probably won't cut it in 2058 if we make it that far. Then again the 10M might not cut it either with that low rate of retu... [ More ]

Reply #2

Shawn67 — Sat, 20 Dec 2008 20:55:49 GMT

I think 5 million should do the trick

Reply #1

ThatScaryChick — Sat, 20 Dec 2008 17:09:06 GMT

I choose a minimum of 5 million. Maybe even something between 2-5 million at least. Of course more would be better. But I wouldn't be picky.

After the Big Win

s5thomps — Sat, 20 Dec 2008 15:45:16 GMT

I figure the average person over the course of a lifetime is lucky to make a million dollars, so for me it would be 10 million, but I would just be as happy with 5 million. I feel that anything less than a million is definetly not enough to retire on, but any win is better than nothing.

GOT MY SHADES ON WATING FOR THE SUN TO SHINE MY WAY