Source - YouTube
According to BizJournals, the husband of Real Estate Broker Carol North of C.A. North Realty in Clifton Park, New York recently won $5 million from a scratch-off New York State Lottery game. Some asked her if she would close her real estate brokerage because of the winnings.
Carol said, “Some people seem to think we’re closing the business, but we’re not.”
Instead, she will close one of her two offices and support the 11 agents she has in her Malta office. She didn’t want to close up shop in these difficult times even though the agents all could go to another office. A good move as a principal broker which shows she cares about her agents.
After taxes, it’s not really all that much money anyways. Would that be enough to entice you to stop what you are doing, quit work, retire or take a new path with your new found wealth? Or would you still have the drive to continue doing what you’re doing?
It does beg the question of, What would you do if you won $5 million dollars today?
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March 25th, 2009 at 5:43 pm
Absolutely not, it would really just give me the money to do the things I always wanted to do with marketing, I don’t think it is enough to live a wild life-style for the rest of my days anyway.
I would also find a way to start a First-Time Buyer Downpayment Assistance program from those funds, with a very low interest rate, actually more of a scholarship if you will. Applicants would be limited and based on an essay, and their story.
March 26th, 2009 at 3:04 pm
I wouldn’t quit, It is fun. I would become more active since I would’t have any financial limits, maybe go to more seminars or follow Rudy around. Maybe I would just be able to comment on TRulia all day.
March 26th, 2009 at 5:09 pm
It’s often been said that one of the most inadvisable things one can do when winning the lottery is to quit. Plus, if you’re working in real estate there’s a chance you’re doing it because you genuinely enjoy it, so why quit?
March 27th, 2009 at 1:10 pm
>What would you do if you won $5 million dollars today?
first give me money
March 30th, 2009 at 12:35 am
It is really hard to answer that question. No one would really know what they would do until it happened to them.
March 31st, 2009 at 8:19 pm
I’d argue anyone who WOULD quit, should not be in real estate now. Thoughts?
April 2nd, 2009 at 7:36 pm
I would keep selling Real Estate it would just take some of the pressure off and in these times you don’t know what is going to happen how long it is going to take to close and if your customers are just going to give up