Would You Keep Working If You Won $1,000 a Week for Life Lotto?

what in the hell is 1k going to do for ya? Dammit i meant to say no

1000 dollars... a week....how much more in life could you want?

uh lets see, rent is about 500 dollars month depending on where you live, food is about 100 month depending on if you have no children, gas price about 80 a month depending on what you drive, and if you drive you have insurance to deal with then.

So you see that 1000 dollars a month does not go that far.

It's weekly, not monthly and 500 a month for rent is living in a one room shack on the middle of a ghetto.

okay my bad, so that is 2k a month before taxes, hell i make that now, and guess what. after living expenses i barely have enough to make ends meet now, and that is with two jobs.

Also that is why i said depending on where you live.

Uh...actually a little over 4k a month before taxes. It's a decent wage, just nothing to write home about.

so you are telling me a person living in NY can have a middle class life with making 2k a month? Dude you have never been to NY have you.

No, it's over 4k a month.

not after Taxes

Nope, not after taxes.

and, the apartment im going to be living in costs about 450 euros, which is a little over 500 dollars, and its for 2 people so technically split that in half. and it certainly wont be in the middle of a ghetto xD ill be rather close to Amsterdam Centrum, which is the capital of the country xD

I make just under 60k and barely supports wife and 3 daughters. If you want to be single, then sure 52k a year will get you a decent middle class life, but forget it if you want a family.

That's fine if you're just a college kid. You won't be one for long.

well thats why i said i wouldnt have to work for awhile. im not saying id NEVER have to work obviously eventually ill want to buy my own house. get a car and do something productive with my life other then going to school. but for the next 4 to 8 years i could go to college and not have to worry about paying my government back, and when im done i could take a year or 2 off to travel.

So basically, you're talking about not working for the next 10 years. You'd be much smarter to invest that money as it comes in. It's really not that much money. You should just keep saving the bulk of it so that you can retire comfortably, at an earlier age than most people can.

id rather have that free time when im young and can do allot more, then have more free time after ive worked and had a family and is older. now i can enjoy the free time and resources to the maximum with not nearly as much responsibilities or having to think of how it will effect other people, whereas later in retirement age i need to think of a spouse, of children of my image as an older person, ill have a permanent residence by then so ill have to consider that... and plus the whole early retirement thing.. xD i dont live in the states. where i live once you work and pay taxes, after the age of 65 government gives you retirement funds, where you work, how long you work and your salary while working all contribute to how much you collect. so generally thats not really a concern.

Well, like I said. it's not nearly as much money as you seem to think it is, but, having fun wjile you're young is important. Just remember that the main reason older people give advice to younger people is because they have alreasdy made mistakes themselves, and they are trying to save you from making those same mistakes.

That's $52,000 a year. Might sound like a lot to an 18-year old, but in a few years when he's got a wife, three kids and a mortgage, he's going to wish he was making more. Not working also cuts him out of social security, medical benefits, and Medicare, (if he lives long enough and it doesn't go belly up) Plus meaningful work helps make life feel worthwhile. Good thing is he doesn't have to worry about what kind of job he gets. A lot of jobs at minimum wage would get him basic benefits and give that extra income boost.

Come off it, you cannot even Qualify for a loan to buy a house with $1,000 a week.

Work on my screen play.. Work on my music .. Work on my tan .

Not for another company or person though. I'd use it to fund my own business.

just a thousand? that is not enough to live off of. Even ater the taxes gets their share of it.

that is abut what the average salary is in america

I'd save the money I won and still keep my job

Depending on where you live, that's only breaking even on living expenses. Not accounting for inflation and other economic factors in the future.

Wouldn't keep the money. I don't deserve it. Ergo, I would donate it all.

If it is something i love and something i worked really hard to get. Idc if a millinare i will work

Yes, I would. Probably for the medical insurance. LOL!!! By budgeting correctly, I wouldn't allow myself to take any crap off of anyone at the job though.

I didn't go through all the works of college to get a whole bunch of money and not work for a job of the career I chose. However, I'm sure my life will certainly be different nonetheless. It makes me wonder if an employer would hire someone who won the lotto...

ofcourse

That's like asking if you'd still swim when you've already drowned, no way my business ventures will get worked on. I'd give my boss 2 weeks notice that I'll be leaving soon.

2 weeks!!???!! how about 2 seconds

Lol, I wouldn't do that because I don't like burning my bridges. You never know what'll happen in the future and you may need that same person who you quit on and left them in a bad staffing situation.

I would probably get bored of not doing anything after a while.

Not because of taxes and crap. When we win lotto in Australia we keep ALL that money and can do whatever the hell we want with it. No, I'd keep working because I'd love to own my own business while owning my own house that are both fully paid for and set up a nest egg for my child.
My fiance would never work again if he could help it. He'd be happy to be a stay at home dad while playing video games. I won't begrudge him that at all :)

Once you take out taxes and necessary living expenses, there won't be much left of that $1,000 per week.

lol, i don't even work now.

I'm not looking to get a career so I can appease the "American standard".. I am getting a career for myself, to delve into what interests me and do what makes me happy!

Well you know what? I should of picked "yes" I want to open up a few businesses.

yes