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So you win 1k a week for life, would you retire?

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So you win 1k a week for life, would you retire?

Old 11-12-07, 07:24 PM
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So you win 1k a week for life, would you retire?

Funny thing happened coming home from work today, I had to take a friend of mine home as her car was in the shop. She asked if she could go to the local mini-mart to purchase some things, I agreed and she purchased a scratch off lottery ticket and to make a long story short she won one thousand dollars a week for life.

So for the next 20 minutes or so I had to listen to her blab about she is going to retire, travel the world etc.... Then I got thinking 1000 a week after taxes is like 650 so every two weeks it is 1300 which is LESS than what she is making now. I didn't burst her bubble then as I'm sure she will figure it out when she gets her first check.

So this is the second person that has won big after I have given them a ride someplace, about 5 years ago another friend won 36 million after I dropped her off.... maybe I should start buying tickets.

Anyway could\would you retire if you won 1k per week for the rest of your life?

I know I could not but I would have a lot more money available for investing!
Old 11-12-07, 07:28 PM
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If she lived within her means.. I guess she could retire, but she's talking about travelling and shit. Unless she already had it planned within her budget, she ain't retiring.
Old 11-12-07, 07:28 PM
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Hardly. It'd make retiring at 45 (being 28 now) awfully easy, though.
Old 11-12-07, 07:29 PM
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$52k a year? No, I wouldn't retire. I might retire sooner, and take nicer vacations, but I'd keep working.
Old 11-12-07, 07:31 PM
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Originally Posted by wendersfan
$52k a year? No, I wouldn't retire. I might retire sooner, and take nicer vacations, but I'd keep working.
I concur.
Old 11-12-07, 07:34 PM
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Originally Posted by Lateralus
So this is the second person that has won big after I have given them a ride someplace, about 5 years ago another friend won 36 million after I dropped her off.... maybe I should start buying tickets.
Or charging more for the rides.

It would really depend on where you were at in life and what type of lifestyle you wanted to live. You would go through quite a bit of cash if you didn't work at all though. Needless to say, $1000 a week isn't enough for me to go out and buy a new sportfisher so I would probably keep working for awhile.
Old 11-12-07, 07:34 PM
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no option for lump sum?
Old 11-12-07, 07:35 PM
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NO

I find it hard to due on almost twice has much but to many it would be a windfall.
Old 11-12-07, 07:36 PM
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Originally Posted by Lateralus
So this is the second person that has won big after I have given them a ride someplace, about 5 years ago another friend won 36 million after I dropped her off.... maybe I should start buying tickets.

Did your friend buy you anything cool? Not that she owed you anything.
Old 11-12-07, 07:37 PM
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Since I am lucky enough to already own a house that was passed down to me, I would retire
Old 11-12-07, 07:39 PM
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Depends on where I am financially. If I'm making the amount of money I do now I would keep it and use it as second income but keep my job (full time). Probably use it spend on some nicer things.

If I'm in the range of where some of my superiors are (150-200k a year) I'd donate that check every week to charity and keep working.
Old 11-12-07, 07:42 PM
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Originally Posted by j123vt_99
Did your friend buy you anything cool? Not that she owed you anything.

I really din't think about that, it would have been nice for at least a Little Debbie!
Old 11-12-07, 07:43 PM
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Originally Posted by Lateralus
I really din't think about that, it would have been nice for at least a Little Debbie!
Yeah.. or something goofy like a llama.
Old 11-12-07, 07:45 PM
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Originally Posted by j123vt_99
Yeah.. or something goofy like a llama.
"What the hell am I going to do with this.... Oh Tina shut up and eat your ham!"
Old 11-12-07, 08:03 PM
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My wife could retire, but I would have to keep working.
Old 11-12-07, 08:18 PM
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I would bank it and retire earlier in life, but I couldn't jsut retire now on that.
Old 11-12-07, 08:46 PM
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Are you fucking kidding me? $1k a week?

Old 11-12-07, 08:57 PM
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Retire from 52k a year? It would be a nice bonus in addition to regular salary, but that's nothing to quit working over in my opinion.
Old 11-12-07, 09:15 PM
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I'd consider moving somewhere with a low cost of living and taking a much less stressful job, but I'd still work.
Old 11-12-07, 09:20 PM
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Id continue working for about 30 more weeks and take the extra cash and open a business.
Old 11-12-07, 09:22 PM
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I'd invest it and try to retire earlier and then use it as a little bonus in retirement... no way one could retire on that alone, esp considering if the person is young the $1k/week is going to mean less and less as time goes on.
Old 11-12-07, 09:22 PM
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I'd "retire" in the sense that I would quit my current job. I would like to be a stay at home mom for a little while (have another baby) and go back to school for an advanced degree. After a few years when baby #2 is a little older, I would eventually go back to work, but in a different field. I really hate my current job/career and something like this would be the push I need to make a change.

It would be a backward step pay-wise, but would be enough that combined with my husband's salary we could still pay the bills and save while living frugally.
Old 11-12-07, 09:22 PM
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Hell yeah I would.

Oh wait, no I wouldn't. It's not 1925.
Old 11-12-07, 09:26 PM
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I'd keep on working and bank as much of the extra money as possible. I'd definitely let my wife quit her part-time job though.
Old 11-12-07, 09:29 PM
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I'd continue working and invest all of the extra money. Hopefully I could actually retire in 10 years or so.

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