Poll of the Day > One of my coworkers won a couple million in the lottery

(+) Yeah! (+)

He worked in the meat department. He quit on the spot.

I still wouldn't waste my money on lottery tickets, but I guess if you're working a dead end job with no end I can see it.

He'll be back in two years lol.

ask him to give us 20 bucks, he's rich, he could afford it. If he says no tell hims he's a selfish asshole.
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Sounds like he dream. If I won a couple million I would put that money to work
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How nice!
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I don't gamble, since 99.99% of the people who do so, end up putting more money into that voluntary tax system than receiving any of it.

Plus they tax you for winning big money because it's "income".

TheWorstPoster posted...

Plus they tax you for winning big money because it's "income".

Is that why you don't work either?
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Bad form, you are supposed to sit in the break room until they fire you so you get the unemployment as well.
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Congrats to him - I wish him well.
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slacker03150 posted...

Bad form, you are supposed to sit in the break room until they fire you so you get the unemployment as well.

I believe if you're fired for cause, you're not eligible to collect unemployment.
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Icoyar said gambling is bad.... that means it's good, right?
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Did he tell you, or did you find out from the news or something? Because if I won the lottery, I want as few people to know as possible. I sure as hell wouldn't tell my coworkers if I worked in a grocery store (no offense).

Blaqthourne posted...

slacker03150 posted...

Bad form, you are supposed to sit in the break room until they fire you so you get the unemployment as well.

I believe if you're fired for cause, you're not eligible to collect unemployment.

True if your employer tries to fight it.

You have to find a way to get fired that doesn't make you look like someone that doesn't want to work.

I would just straight up quit job #2 if I won a million. Job #1 if I could get something going with the money.
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I did the math, and he's been buying lottery tickets for the last 25 years every day.

So that's $20 a day * 365 * 25 ~= $150,000. I guess that's somewhat worth it. The problem is he'll probably be back in two years. I should ask our manager if she's going to take him back in two years lol. It's probably not as much money as he thinks it is.

Rockies posted...

Did he tell you, or did you find out from the news or something? Because if I won the lottery, I want as few people to know as possible. I sure as hell wouldn't tell my coworkers if I worked in a grocery store (no offense).

^this. I would just quietly stop showing up, buy a nice piece of property somewhere cheap like VT or NH, drop a trailer on it while I built a modest A Frame, and start letting the remainder of my winnings work for me going forward.
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Lokarin posted...

Icoyar said gambling is bad.... that means it's good, right?

And he's a fuckin hypocrite towards that too. He made a bunch of topics a couple years ago about winning a few hundred dollars at Fox Woods.
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Yellow posted...

So that's $20 a day * 365 * 25 ~= $150,000.

Wait, this guy spent $20 a day on lottery tickets? Sounds like a real fool

WhiskeyDisk posted...

^this. I would just quietly stop showing up, buy a nice piece of property somewhere cheap like VT or NH, drop a trailer on it while I built a modest A Frame, and start letting the remainder of my winnings work for me going forward.

I should add that, unfortunately, Colorado is one of those states where the winners are publicized. Well... at least jackpot winners. I don't know, maybe one prize below the jackpot is the way to go, assuming that doesn't get publicized. But I have no idea why that law even exists in the first place, especially with there being a precedent in other states that respect your privacy, where I assume the lottery works fine.

A fool with a few million.

Id be that fool easily.

Hes out here playing 3D chess and you playing tic tac toe

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

OP is just jelly

Hell I would be too if that ever happened to me
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ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

I say that because that's actually what happens to most lottery winners. They overestimate how much money they actually have. He doesn't seem like the brightest bulb, so I wouldn't have too much faith about that.

Like he's going to invest that, lol.

KJ StErOiDs posted...

Congrats to him - I wish him well.

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I mean, if he spends like he spends now he should be fine for the rest of his life. Hopefully that's what he does.

Yellow posted...

ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

I say that because that's actually what happens to most lottery winners. They overestimate how much money they actually have. He doesn't seem like the brightest bulb, so I wouldn't have too much faith about that.

Like he's going to invest that, lol.

Literally solely based off how you post on this board, I don't think you have much room to questions someone's intelligence.

Cacciato posted...

I don't think you have much room to questions someone's intelligence.

I don't questions yours intelligences Go Totodiles.

Yellow posted...

ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

I say that because that's actually what happens to most lottery winners. They overestimate how much money they actually have. He doesn't seem like the brightest bulb, so I wouldn't have too much faith about that.

Like he's going to invest that, lol.

you can hire financial advisors to tell you everything you need to do. don't need to be smart to invest properly. do a bit of initial busywork and the money will sit there, forever, collecting enough interest for you to live comfortably without ever touching the principal. my grandmother has done it for years on less than two million

not saying this dude has anyone telling him not to be stupid about it, but, it's very very easy to not be stupid about wealth. and the window for not having to work another day in your life is lower than people think (if you don't need a life of total opulence).
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I mean he's probably going to blow it all on drugs and fancy cars because he's kind of a goofy guy who's missing most of his teeth.

Financial advisors? That's what he should do, but I doubt it.

yea, 2 million is not enough to be opulent without any sort of backup plan, lol

im gonna sound like balor for a second but i dont consider less than like, 50 million to be particularly a lot of money. shits expensive these days.
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JunkoEnoshima posted...

50 million to be particularly a lot of money. shits expensive these days.

Well, that's enough to live as if you have 7 figure income for the rest of your life. That's actually pretty good. He only won a million as I heard later today, which is enough to get by on $20,000 a year, but again, people who win lotteries tend to not be the most financially smart people. He's probably going to go out and buy a really nice car and house.

Not that I'm jealous or anything, I hope he doesn't.

Well, he's a mathematically illiterate person who just got lucky. The lottery is stupid tax. If anything you should take pride in the fact that you DIDN'T win the lottery.

DistantMemory posted...

Well, he's a mathematically illiterate person who just got lucky. The lottery is stupid tax. If anything you should take pride in the fact that you DIDN'T win the lottery.

You're not wrong, but I've heard it better said as a hidden tax on poor people that are bad at math.
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WhiskeyDisk posted...

DistantMemory posted...

Well, he's a mathematically illiterate person who just got lucky. The lottery is stupid tax. If anything you should take pride in the fact that you DIDN'T win the lottery.

You're not wrong, but I've heard it better said as a hidden tax on poor people that are bad at math.

Yeah I think he tried to sound smart but it sounded stupid instead. And saying you didn't win the lottery sounds like you played it anyways and still lost so it's like, why take pride in that?
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I think "hidden tax on poor people that are bad at math" is horrendously clunky and "stupid tax" conveys the message much more smoothly(and it's got a sharper edge), but to each their own.

In any case, it is just about the only purely voluntary tax no matter how you phrase it.
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It's a little freaky though. What were the odds of a coworker winning the lottery vs. a coworker coming in and shooting up people with a semi-automatic rifle? (I hope I got the name right to avoid pissing at least 5 people off)

I have a feeling the latter is more likely.

Yellow posted...

It's a little freaky though. What were the odds of a coworker winning the lottery vs. a coworker coming in and shooting up people with a semi-automatic rifle? (I hope I got the name right to avoid pissing at least 5 people off)

I have a feeling the latter is more likely.

Uh. Im pretty sure the former is more likely? I think lottery wins are more frequent than mass shootings.

Yellow posted...

He's probably going to go out and buy a really nice car and house.

Not that I'm jealous or anything, I hope he doesn't.

A nice house is actually a good investment. I would buy a nice house if I won what he did. I don't need a car though.

DistantMemory posted...

Uh. Im pretty sure the former is more likely? I think lottery wins are more frequent than mass shootings.

Not in America.
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Cacciato posted...

Yellow posted...

I say that because that's actually what happens to most lottery winners.

Literally solely based off how you post on this board, I don't think you have much room to questions someone's intelligence.

Yellow isn't exactly wrong either. A quick Google search suggest about 70% of Lottery winners go bankrupt. Regardless of how much money some folks have or earn, some folks are smart about their money, some are not.
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Yellow posted...

ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

I say that because that's actually what happens to most lottery winners. They overestimate how much money they actually have. He doesn't seem like the brightest bulb, so I wouldn't have too much faith about that.

Like he's going to invest that, lol.

Pretty much. A couple million isn't actually that much. You can invest it and live quite comfortably off of a 3-5% return, but if he's the sort of person who spends $20 a day on the lottery and quit his job the instant he won, I'm guessing smart investment for a frugal-yet-comfortable life isn't at the top of the list of things he plans to do with the money. I'd expect quite a few big purchases before he gets to the idea of investing it, by which point that capital's going to be much, much lower.

Revelation34 posted...

A nice house is actually a good investment.

Ehh, that's debatable. Real estate as an investment is pretty risky, and the higher your property value goes, the higher your property taxes go. Buying an expensive house when the guy doesn't have any income outside of investments might not be the best idea.
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Yellow posted...

ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

I say that because that's actually what happens to most lottery winners.

There's literally zero proof to support that claim. Just because you hear every now and then about someone ending up in bankruptcy after winning the lottery or getting a lot of money overnight in shit like TMZ and stuff doesn't mean it happens to "most" of the winners.
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Zangulus posted...

HagenEx posted...

Yellow posted...

ReggieTheReckless posted...

Yellow posted...

He'll be back in two years lol.

Or he could invest his money properly and live off the interest so he never has to work again?

Doesn't seem that hard

I say that because that's actually what happens to most lottery winners.

There's literally zero proof to support that claim. Just because you hear every now and then about someone ending up in bankruptcy after winning the lottery or getting a lot of money overnight in shit like TMZ and stuff doesn't mean it happens to "most" of the winners.

If only there was this massive repository of information...

http://www.cleveland.com/business/index.ssf/2016/01/why_do_70_percent_of_lottery_w.html

Are using suggesting that everyone using this site also has access to a service that will search through the entirety of human knowledge to yield relevant information? That's crazy talk, man.