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Old 03-27-2008, 12:33 PM   #21
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There is no tax on lottery winnings in the UK.

He will be paying 40% tax on investment income.
OK... then he would have $2,000,000 to invest, which with a 4% SWR would yield $80,000. After taxes, that would be $48,000 and that is considerably better! I withdraw my previous rationale for his return to work.

The man just is not wanting to retire....
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Old 03-28-2008, 06:16 AM   #22
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OK... then he would have $2,000,000 to invest, which with a 4% SWR would yield $80,000. After taxes, that would be $48,000 and that is considerably better!
Actually, couldn't he "gift" half the money ($1,000,000) tax-free to his wife? Then they'd each draw $40,000 in interest income per year, which would be taxed much more favorably, wouldn't it?
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Old 03-28-2008, 06:23 AM   #23
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Actually, couldn't he "gift" half the money ($1,000,000) tax-free to his wife? Then they'd each draw $40,000 in interest income per year, which would be taxed much more favorably, wouldn't it?
Apparently not (?):
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Originally Posted by cjking View Post
There is no tax on lottery winnings in the UK.

He will be paying 40% tax on investment income.
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Old 03-28-2008, 06:41 AM   #24
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you want fries with that check? LOL

neat story.
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Old 03-29-2008, 03:19 PM   #25
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I'm surprised. The check was made out to his fiancee/wife.

Maybe he's afraid she is going to dump him and wants a fallback

He'll always have MCD
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Old 03-29-2008, 06:01 PM   #26
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I would like to be the kind of person that could enjoy working at McDonald's.
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Old 03-29-2008, 07:08 PM   #27
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I would like to be the kind of person that could enjoy working at McDonald's.

I see you more as the Burger King type or someplace where they make you sing Happy Birthday a dozen times a shift !
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Old 03-30-2008, 04:11 AM   #28
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Well... He can afford to make choices.

I am a little puzzled. As far as personal relationships go... if you can only maintain them by working with the people... there must not be much of a relationship. For that matter, how long do you think the average employees stays at McDonalds?


Personally... It would not be my choice. But then again, I spent years educating myself so I would not have to work at a McDonalds.
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Old 03-30-2008, 05:49 AM   #29
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I work with people who have far more money than that, and (amazingly to me) they still show up every day for a full helping of BS.
Idiots.
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Old 03-30-2008, 09:05 AM   #30
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Or idjets, as we say in Texas...
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Old 03-30-2008, 09:08 AM   #31
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I thought it was idjits, but then speling isn't one of my strong points....
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Old 03-31-2008, 10:34 AM   #32
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Guess I was never lucky enough to find a job I loved.
I used to beat myself up about that too...

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Im almost tempted to find another career...
almost
... and then one day I realized that ER is my avocation...
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Old 03-31-2008, 11:21 AM   #33
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He wins 1.3 million and he will continue to work at McDonald's.
I dont think he gets it yet. If he really wants to stay at McD's at least buy the darn place.
No offence meant, but perhaps you don't get it ...

He doesn't need the extra income, so why should he put up with the inevitable hassles that come with owning and managing a small business? As an employee, he is free of such problems, and can enjoy the social aspect that apparently appeals to him.

P.S. Dunno how old he is, but his new wife looks a lot older than 29!
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Old 03-31-2008, 11:33 AM   #34
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P.S. Dunno how old he is, but his new wife looks a lot older than 29!
She looks like she could be his sister.
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Old 03-31-2008, 11:41 AM   #35
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Idiots.
Not a dummy among them, in my estimation. They just have vastly different motivations. Naturally, I don't mention the long term game plan to check out as early as possible...
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Old 04-09-2008, 04:42 PM   #36
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I see you more as the Burger King type or someplace where they make you sing Happy Birthday a dozen times a shift !
My first job was as a dishwasher in one of those restaurants where I had to sing some crappy version of happy birthday that included the restaurants name at least a couple of times per shift while the birthday boy or girl wore an idiotic hat that thousands of previous birthday people had the pleasure of wearing (ICK!!). I think Montana's now does that routine. I remember groaning and being very half hearted about it every time they would come and get me to sing. I earned a grand total of $88.00 at that job and pledged to never work in a restaurant again.
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Old 04-10-2008, 01:42 PM   #37
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My first job was as a dishwasher in one of those restaurants where I had to sing some crappy version of happy birthday that included the restaurants name at least a couple of times per shift while the birthday boy or girl wore an idiotic hat that thousands of previous birthday people had the pleasure of wearing (ICK!!). I think Montana's now does that routine. I remember groaning and being very half hearted about it every time they would come and get me to sing.
"People can get a cheeseburger anywhere, ok? They come to Chotchkie’s for the atmosphere and the attitude. That’s what the flair’s about. It’s about fun."
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Old 04-22-2008, 05:41 AM   #38
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Hey, as long as he is happy. I work with people who have far more money than that, and (amazingly to me) they still show up every day for a full helping of BS.
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Idiots.
Whether it's working at McD's with $2+M in the bank, playing the Wall Street money versus stress game, or spending your day split between internet forum socializing and golf, it's all part of the weird melting pot of life. No idiots out there. Or shall I say that we all look like idiots.

I sort of plan on painting and cutting grass in addition to kiteboard instructing and home rehabbing. Guess I'm an idiot too.
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Old 04-22-2008, 06:35 AM   #39
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It is interesting. I too envy people who love their work but I can't really understand loving McDs. I worked as a school janitor all through college and couldn't stand it. The routine was mind numbingly boring. I was a borderline employee because I was always "getting sick." I would rather lounge around with friends than drag myself in and make a few more bucks. I guess I was always attuned to the ER lifestyle, all play and no work makes Donny a happy boy.
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Old 04-22-2008, 09:03 AM   #40
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I too envy people who love their work but I can't really understand loving McDs.
Maybe he just loves the smell of grease in the morning.
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