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Would you quit your job if you won the lottery?

Employment Tips:

Article online since January 7th 2009, 9:33
Would you quit your job if you won the lottery?
Would you quit your job if you won the lottery?
Employment Tips:
(NC)—As the famous dictum goes, 'every man has a price,' and according to new research by Workopolis, that price may be smaller than you think. Almost one-third of Canadians would call it quits if they won less than a million dollars, according to a new poll by Canada's leading job site, Workopolis.com. The study also reveals that 10 per cent of Canadians would leave their jobs only if they won a jackpot of $7 million or more.

So what's your price? Whether it's under a million or ten times as much, Workopolis president, Patrick Sullivan, offers the following tips for jackpot-winning employees:

1. Think first, act later: don't do anything rash. Decide whether the amount you've won is really enough to warrant quitting your job. $500,000 or $100,000 may seem like a lot, but how long will it last? Prepare for what's ahead – think beyond the first year and then decide if retirement really is in the cards for you.

2. Go easy on the showboating: if you plan to keep your job and just won a large sum, avoid flaunting your new-found riches. Some of your colleagues could begin to resent you.

3. Get some fun in the sun: take a few vacation days from your job to enjoy your winnings. This will help you gather your thoughts, decide what you want to do next and come back to work with an open mind.

4. Keep those bridges from burning: if you've decided to leave your job, the last thing you want to do is leave your bosses with a sour taste in their mouths. End on a high note because you never know when you're going to bump into them again.

5. Adjustments may be on the menu: now that you're a big winner, sit down with your family to discuss your new lifestyle. Organize your goals and speak to a financial advisor to properly allocate your new wealth and decide whether or not an early retirement is the best option for you.

6. Don't feel pressured: long lost friends, charities and even strangers may start contacting you so remember: it's your money and there's always an end in sight.

- News Canada

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