I can assure you that if I had a $40M payday that I'd cash out, never work a day in my life again, and be perfectly content.
Of course that's also part of why I'll never be in a position to achieve a $40M payday, so there's that.
Of course that's also part of why I'll never be in a position to achieve a $40M payday, so there's that.
I recently listened to an npr story on why people work into older ages. Of course some of it is financial need, but a surprising number of people return to work because retirement is isolating. People find missing that structure and need to wake up and work on something with others crippling to their health, both mentally and physically.
I also think I'd do the same if I had a 40M payday, though I'd immediately be thinking about what I need to do for work to fill in those gaps, something physical, social, etc. Something like gardening, working on community gardens, joining a local pottery co-op, etc.
Just something to think about in case you strike it rich someday! In my case, I'm saving for early retirement with a goal of 50 at the latest.
I've had the good fortune to wind up with a few funemployment stretches over the years, and yes, I'd go stir crazy quickly if I just went off the grid completely. In fact I learned that the hard way on the first one. But I learned quickly that about 10 hours a week of "something useful" was enough to fill in the gaps. And that paints with a broad brush in terms of what the activity is.
The recent Money Stuff newsletter had a blurb about how many anthrophic employees were quitting because you can’t use stock as collateral while working there. That condition only applies to emoloyees so once they left they can do that and rebalance their wealth out of a single position.
In any event, it'd take a number far less than $40M of liquid cash for me to drop out of the workforce forever.