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@mariner4life said in Happiness Scale:
@NTA said in Happiness Scale:
@mariner4life awesome.
I don't get people who say they'd keep working if they won the lottery. Sure, it needs to be enough of a win to quit work, but FFS anything north of $3M and you can't quit, you need to have a look at yourself...
i couldn't retire on $3M! how the fuck can you?
Didn't say retire - just quit your job. Come back to something else later if you want/need.
If you do it right, deposits on a couple of investment properties, get the loans approved while you're still working, then quit. Set up an annuity with the bulk of the remaining funds, and never pay tax.
Depending on the actual amount I'd either pay off the mortgage or just sit the offset on its arse for a couple of years while I figure out what to do with my life. Because what I'm doing now isn't exactly fulfilling.
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Worth noting that I have no desire to buy a massive 4WD or a boat or jetskis or any of those kinds of "toys".
Would I be tempted? Fuck yeah. But if you're asking me to choose between continuing the rat race or keeping my aging X-Trail another 5 years, I'll take option B thanks.
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@NTA said in Happiness Scale:
@mariner4life said in Happiness Scale:
@NTA said in Happiness Scale:
@mariner4life awesome.
I don't get people who say they'd keep working if they won the lottery. Sure, it needs to be enough of a win to quit work, but FFS anything north of $3M and you can't quit, you need to have a look at yourself...
i couldn't retire on $3M! how the fuck can you?
Didn't say retire - just quit your job. Come back to something else later if you want/need.
If you do it right, deposits on a couple of investment properties, get the loans approved while you're still working, then quit. Set up an annuity with the bulk of the remaining funds, and never pay tax.
Depending on the actual amount I'd either pay off the mortgage or just sit the offset on its arse for a couple of years while I figure out what to do with my life. Because what I'm doing now isn't exactly fulfilling.
My brother in law in Canada recently quit the Police after 30 years, got the pension and now does fishing charters ( ie turning something he loves into something that pays ) for shits and giggs. He's gotten fat, grown the beard and couldn't possibly look happier if he tried.
Police don't earn enough but he was fucken smart with what he got and good on him.
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@NTA said in Happiness Scale:
Worth noting that I have no desire to buy a massive 4WD or a boat or jetskis or any of those kinds of "toys".
Would I be tempted? Fuck yeah. But if you're asking me to choose between continuing the rat race or keeping my aging X-Trail another 5 years, I'll take option B thanks.
I'm a true Scotsman, I get a nice car and fuel card through work. I nearly had a coronary when I took it on leave and actually had to pay for my own petrol.....( I couldn't justify using the fuel card )
The thought of forking out my own money for a nice 4WD makes me want to curl up and die.
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@mariner4life said in Happiness Scale:
i couldn't retire on $3M! how the fuck can you?
You can't. Low interest rate environments. I'm not old enough for any government help for another 15 years or so, probably means tested anyway so will get nothing.
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@NTA said in Happiness Scale:
@mariner4life awesome.
I don't get people who say they'd keep working if they won the lottery. Sure, it needs to be enough of a win to quit work, but FFS anything north of $3M and you can't quit, you need to have a look at yourself...
mate, we've got a heap of people in our business who could walk away and don't. Depends on what you're doing, and how pressured it is. Three key elements of job satisfaction are autonomy, mastery and a sense of purpose (according to Daniel Pink). When things go well, we smash all three boxes and it's just awesome to be part of. Solving real problems, leaving a meaningful change in communities and having fun doing it gets me out of bed in the morning.
There are shite weeks and months, but being part of an employee owned business making a difference is a great spot to be. I'd probably drop a few hours, but I'm not sure I'd fully step away if I won lotto. It's good fun too often
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@nzzp said in Happiness Scale:
When things go well, we smash all three boxes and it's just awesome to be part of. Solving real problems, leaving a meaningful change in communities and having fun doing it gets me out of bed in the morning.
I'd end up doing a fair bit of volunteer work to keep me busy - I probably burn 8-10 hours a week on rugby across the year, mind.
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@NTA I always thought I'd keep working, at least in a part-time capacity, however since having those 6 weeks or whatever it was at home during Covid, I'd def be retiring, or at least doing something much less taxing on my time.
A mill would be sufficient for me to make significant changes.
Oh, I dont buy lotto tickets so, no chance anyway!
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@taniwharugby said in Happiness Scale:
@NTA I always thought I'd keep working, at least in a part-time capacity, however since having those 6 weeks or whatever it was at home during Covid, I'd def be retiring, or at least doing something much less taxing on my time.
A mill would be sufficient for me to make significant changes.
Oh, I dont buy lotto tickets so, no chance anyway!
if it's a couple of million, i am changing very little in my life.
if it is many million, i am definitely making food and drinks for people.
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@taniwharugby said in Happiness Scale:
@NTA I always thought I'd keep working, at least in a part-time capacity, however since having those 6 weeks or whatever it was at home during Covid, I'd def be retiring, or at least doing something much less taxing on my time.
A mill would be sufficient for me to make significant changes.
Oh, I dont buy lotto tickets so, no chance anyway!
I buy on occasion but never win. Bloody scam 😒
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@canefan said in Happiness Scale:
@taniwharugby said in Happiness Scale:
@NTA I always thought I'd keep working, at least in a part-time capacity, however since having those 6 weeks or whatever it was at home during Covid, I'd def be retiring, or at least doing something much less taxing on my time.
A mill would be sufficient for me to make significant changes.
Oh, I dont buy lotto tickets so, no chance anyway!
I buy on occasion but never win. Bloody scam 😒
I'm due!
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@nzzp up vote for the Dan Pink reference - we used his work in bargaining at my last employer to eliminate performance pay which increased happiness at work significantly.
$3M should easily be enough to retire on - pay off all debt including a house, so no rent, and the remainder should be enough at $50K pa.
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@Godder cheers fella,
I talk about it a fair bit in recruitment. Contrast culture and how it delivers an ultimately more satisfying job experience.
I'm actually really proud of our business right now. We have gone OK through Covid, but wound up with unexpected profits because expenses got absolutely slashed. No travel, no entertaining, etc. So we're sharing some of teh windfall with the rank and file - it's outstanding living the company values. A nice wee christmas bonus for the folks who make a real difference but aren't owners. Sensational.
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It's a funny old conundrum.
My old man is 76 and has only really truly stepped away from work in the last few months. Despite the stress ( but huge rewards ) it was his life. He has since filled it with his grandsons, gardening, playing music and bike riding ( yes, the latter means he is the very embodiment of what I hate ). It was funny getting a call from him the other day, I was expecting some sort of question about the boys, wondering if I could help move something.....but no....he was just ringing to chew the fat. It was nice.
@nzzp perhaps I need to read up on that. I have the autonomy ( sometimes I feel I'm basically self employed in that I'll go a week or longer without the need to talk to head office ) mastery ? ( I can sell but I've always been laughably bad with technology ) and maybe with sense of purpose I'll replace it with "belief"....which I have in spades.
The "win lotto" is an interesting one. I have very little close family.....what do you do ? make sure folks, boys and mrs are sorted then what ? I think a life of leisure would get fucken boring after awhile. I already have the income to get hammered on my drug of choice ( booze ) whenever I want.
I remember years ago when I worked for telecom ( as it was ) we went to some wanky sales training. The guy running it showed some slides of Tiger Woods house, as you can all imagine it was off the charts. The point of all of that was that Tiger had "made it" but was still out there practicing, winning majors......etcetc. He had nothing to drive him except the competitive edge. But then does that make the person ?
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@Godder said in Happiness Scale:
@nzzp up vote for the Dan Pink reference - we used his work in bargaining at my last employer to eliminate performance pay which increased happiness at work significantly.
Interesting. We don't really do performance pay, and a lot of that is because it's so damn hard to measure. One dude brought in a client that's been worth literally tens of millions to the firm over the last few decades. What's our conversation: what have you done for me lately? Also, we all know people who have been unfairly treated by managers - either positively or negatively.
THat said, the overall success of the business is performance pay in a roundabout way - just a collectivised version of it
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@NTA said in Happiness Scale:
@mariner4life awesome.
I don't get people who say they'd keep working if they won the lottery. Sure, it needs to be enough of a win to quit work, but FFS anything north of $3M and you can't quit, you need to have a look at yourself...
You still need a purpose though.
Having said that $3mil?
$1mil would go close to seeing us sweet I reckon.
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@booboo said in Happiness Scale:
@NTA said in Happiness Scale:
@mariner4life awesome.
I don't get people who say they'd keep working if they won the lottery. Sure, it needs to be enough of a win to quit work, but FFS anything north of $3M and you can't quit, you need to have a look at yourself...
You still need a purpose though.
Having said that $3mil?
$1mil would close towouling us sweet I reckon.
My net spend per year is in the £30k neighbourhood and my missus & I do most of the things we want to do each year.
I’m 54 and the oldest male in my family got to 74.
So not going crazy and accounting for inflation, a cool Dr Evil “1 million dollars’ (well pounds) would see me home & hosed.
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@booboo said in Happiness Scale:
You still need a purpose though.
"Doing whatever the fuck I want" sounds just fine n dandy.
Running my rugby club without having to find hours in the day.
Helping other rugby clubs do their thing as well using what I've learned (the hard way) about community grants and social media etc.
Running clinics in schools.
Refereeing.
Playing.Yeah I reckon I can find stuff
Having said that $3mil?
$1mil would close towouling us sweet I reckon.
I could quit on $1M but not for that long. OK if the wife wants to keep working - and she probably will because she'd go mental if she didn't have work to go mental over.
Happiness Scale
