9 Reasons Not To Quit Your Job After Winning The Lottery

Table of contents:

• 1. IT GIVES YOU TIME TO THINK
• 2. YOU DON'T AROUSE SUSPICION
• 3. YOU DON'T COME ACROSS AS CONCEITED
• 4. YOU DON'T ALIENATE YOURSELF
• 5. YOU KEEP A SENSE OF ACCOMPLISHMENT
• 6. IT GIVES YOU AN OPPORTUNITY TO TAKE STOCK
• 7. IT KEEPS YOU GROUNDED IN REALITY
• 8. IT STOPS YOU FROM FEELING ISOLATED
• 9. IT KEEPS YOU SHARP
• SHOULD YOU STAY OR SHOULD YOU GO?

1. IT GIVES YOU TIME TO THINK

As soon as a big jackpot comes along, many people begin dreaming about quitting their jobs.

However, there are countless stories of lottery winners not finding happiness by simply giving up their previous livelihoods and pursuing a life of luxury. On the other hand, there are many examples of lottery winners who have kept their old jobs and remained content, especially if their job is their passion.

The first reason not to quit your job straight after you win the lottery is that it gives you time to seriously contemplate your new situation. Time to think wisely about how to best invest your new found fortune. 

When you're gifted a large amount of money you should never, ever act impulsively!

2. YOU DON'T AROUSE SUSPICION

Most lottery winners, when given the option, choose to remain anonymous, and with good reason.

Nothing sets off alarm bells like somebody who, out of the blue, decides to pack-in their job with absolutely no reason given. More suspicious still, is if you decide to quit and then go on a spending spree, making lots of expensive purchases – this is bound to make your friends, family and co-workers very suspicious indeed.

All of this suspicion could put a strain on your relationships and cause you unnecessary hassle and friction.

3. YOU DON'T COME ACROSS AS CONCEITED

If you suddenly come across a windfall and start spending like their's no tomorrow, not only can this change how other perceive you but it can also change your own mindset.  It's a classic scenario, money gets to people's heads.

It's natural to want to show off, but some people take it to the next level and worse still, start to disrespect others and mistreat them.

It's never good to look down on others, being wealthier than someone does not may you superior to them.

By keeping your job, you can stay grounded and earn the respect of your colleagues. 

4. YOU DON'T ALIENATE YOURSELF

If you decide to quit your job and move on up to millionaires row you could well be in for a big shock. To those that made their millions the hard way, at least to some degree, you'll be considered unworthy. As for those who were born into money, to them you'll always be new-money, "that lottery winner".

Making a hasty decision could land you in a situation where you feel like an outsider in wealthy circles while also loosing contact with people you once cared about, including friends and co-workers.

5. YOU KEEP A SENSE OF ACCOMPLISHMENT

You won by pure luck, which is something to feel grateful about, but at the end of the day it's an occurrence, not an accomplishment. Work, on the other hand, can help you find that sense of pride in a job well done.

If you don't get this in your current job then now's as good a time to make a change. You've got the mother of all financial safety nets to pursue the career you always dreamed of. And doors will indeed open.

Just keep in mind that, lottery winner or not, nobody's going to be keen on hiring someone who walked out on their last employer and left their boss holding the bag

6. IT GIVES YOU AN OPPORTUNITY TO TAKE STOCK

Many lottery winners overestimate how much they've won.

A million or two might seem like a large amount, but it can be easily frittered away if you start spending recklessly.

The wisest thing to do would be to calculate how much it would cost to buy a house, factor in other costs such as a new car, renovations, holidays, making wise investments and providing for your children etc.

You may be set for life, but you'll still be glad to have that monthly income, especially if you were already on a decent salary.

7. IT KEEPS YOU GROUNDED IN REALITY

You can stare at all those zeroes on the end of your bank account balance and easily feel overwhelmed.

Having a job and still keeping one foot in the day-to-day grind helps you appreciate just how much money you have.

Do a household budget so as to understand how much money you earn and spend prior to the lottery win. How many years would you have had to work just to earn the amount you won? Now factor in your outgoings and calculate the net duration. It could well be that, depending on how much you won, you'd have to go into the same job, day after day, for centuries!

In other words sitting down and really crunching the numbers really puts things in perspective. 

8. IT STOPS YOU FROM FEELING ISOLATED

Humans are naturally social beings. 

If you quit your job and don't work, you could end up feeling awfully lonely. 

Of course, you could seek company of other in social settings, but when you work with others, you tend to form a stronger, more meaningul bond with your colleagues. 

You may have built up a genuine friendship with your colleagues over many years, money can never buy true friendship or respect. 

9. IT KEEPS YOU SHARP

Let's be frank; we all want a better life, but a better life doesn't equal a lazy one. 

We need to face challenges in order to progress, learn and keep our minds occupied.

By continuing to work we keep our minds and our bodies active, as the Latin saying goes; 'mens sana in corpore sano' ('a healthy mind in a healthy body') something that's always important, no matter how much money you have.

SHOULD YOU STAY OR SHOULD YOU GO?

Ultimately, it's down to yourself to make the decision whether or quit your job or not after you win the lottery, only you can decide what's best for yourself, but there are important factors to consider.

Firstly, it depends on how much money you've actually won. 

If you've won millions, then you may have enough to live your life comfortably without having to work, as long as you invest wisely and stay in control of your finances. It's always a good idea to seek professional financial assistance. 

If you've not won enough to live off forever, you could still quit your job in order to invest the money in a business or to change career but it's still important keep a nice amount saved in the kitty, although you should always consider the pros and cons of leaving your job.

If you're already doing well financially and have built a good career, or are progressing in your career, is it really worth giving it up? Especially if you enjoy your job and get on well with your colleagues. 

It's understandable that you may want to quit your job if you're unhappy or if you're not passionate about it. In that case, winning the lottery may give you the means to pursue a more fulfilling career or to pursue a passion such as writing a book or learning a new skill. 

Whatever you chose to do, it's imporant to have a purpose in life. It's well documented that Japanese people, especially from Okinawa, are one of the groups of people who live the longest lives, this can be related to their diets but also to the concept of ikigai, the notion that everyone needs a purpose in life, a reason for living.

No matter the situation your in, you should never rely on the lottery as a means to solve your financial problems.

Last Updated: 23 September 2022