I doubt people with that kind of wealth would bother posting on a site like this.

Anonymous wrote:Op here. In a way it is materialistic. I definitely don't need more ( I don't need what we have now), but is it wrong to experience more if it is possible? Technically we could retire comfortably now, but I am 35. Do I want that? does anyone?

And believe me, I am aware of the wealth in other places. There will definitely be plenty of people much wealthier, but it would be a nice life that doesn't really exist here. Basically an experience few are fortunate enough to experience. If we don't care for it, we can leave.

Meh, you can say that about living virtually anywhere interesting. I used to live on the coast of Maine and felt fortunate to have that experience that few have. I also lived in Paris for a time - ditto.

You sound like a NYC Wannabee. Living in NYC is not a goal in and of itself, IMO. If it is, you are doing it wrong.

Anonymous wrote:I think OP is a troll.
You're so rich that you need other people to set your financial goals.
Keep dreaming of being rich!

Agreed. OP, head over to UrbanBaby, they'll love feeding your NYC fantasies.

I think OP is a troll.
You're so rich that you need other people to set your financial goals.
Keep dreaming of being rich!

First of all, $10 million is chump change in NYC. Go there and look for condos for a family of 5.

Once you get over tht sticker shock, then look up the costs of that lifestyle - eating out, events, schools, etc.

You will blow through your savings and earnings in 5 to 10 years.

Living large in NYC is no joke. If you really want to live large for your life, move to Thailand.

Anonymous wrote:Another point of view... what about putting your energy and finances into making the world a better place?

If you have plenty, then consider putting your extra into helping others, rather than moving to a place where you will spend a lot more to live and be enticed into spending more to keep up with the Joneses.

I guess I just feel like my role in this world is to put my extra wealth toward helping others, not toward a more expensive life for myself just to have a "greater experience."

Op here. No matter how you look at it, I will leave a large amount to charity when I die and donate during life as well. While NYC is more expensive,it is reasonable to believe I would make more too. I doubt that I would end up giving less to charity.

Anonymous wrote:

Anonymous wrote:Op here. In a way it is materialistic. I definitely don't need more ( I don't need what we have now), but is it wrong to experience more if it is possible? Technically we could retire comfortably now, but I am 35. Do I want that? does anyone?

And believe me, I am aware of the wealth in other places. There will definitely be plenty of people much wealthier, but it would be a nice life that doesn't really exist here. Basically an experience few are fortunate enough to experience. If we don't care for it, we can leave.

With the kind of net worth you have, if changing careers will make you happy, then change careers; it's not like you're working to pay the mortgage at this point. What kind of work do you do now, and what would you want to do in NYC? Is whatever you'd want to do, only available in NYC? Do you want to be in Manhattan to try out a different profession or a different lifestyle or both? If the career thing is too much of a hassle or if it'll take time to figure out, I think it would be wise for you to buy an apartment in Manhattan, furnish it, and spend whatever time up there that you want; even if it turns out that you're not there often/end up not caring for that life -- you can always keep it as an investment property or just sell it.

As someone who lives in NYC, it sounds like you may just want the "energy" of the place -- which is different than DC, but I'm not sure if I'm reading it right.

Op here. Actually that pretty much hits the nail on the head.

Another point of view... what about putting your energy and finances into making the world a better place?

If you have plenty, then consider putting your extra into helping others, rather than moving to a place where you will spend a lot more to live and be enticed into spending more to keep up with the Joneses.

I guess I just feel like my role in this world is to put my extra wealth toward helping others, not toward a more expensive life for myself just to have a "greater experience."

Anonymous wrote:Op here. In a way it is materialistic. I definitely don't need more ( I don't need what we have now), but is it wrong to experience more if it is possible? Technically we could retire comfortably now, but I am 35. Do I want that? does anyone?

And believe me, I am aware of the wealth in other places. There will definitely be plenty of people much wealthier, but it would be a nice life that doesn't really exist here. Basically an experience few are fortunate enough to experience. If we don't care for it, we can leave.

With the kind of net worth you have, if changing careers will make you happy, then change careers; it's not like you're working to pay the mortgage at this point. What kind of work do you do now, and what would you want to do in NYC? Is whatever you'd want to do, only available in NYC? Do you want to be in Manhattan to try out a different profession or a different lifestyle or both? If the career thing is too much of a hassle or if it'll take time to figure out, I think it would be wise for you to buy an apartment in Manhattan, furnish it, and spend whatever time up there that you want; even if it turns out that you're not there often/end up not caring for that life -- you can always keep it as an investment property or just sell it.

As someone who lives in NYC, it sounds like you may just want the "energy" of the place -- which is different than DC, but I'm not sure if I'm reading it right.

Op here. In a way it is materialistic. I definitely don't need more ( I don't need what we have now), but is it wrong to experience more if it is possible? Technically we could retire comfortably now, but I am 35. Do I want that? does anyone?

And believe me, I am aware of the wealth in other places. There will definitely be plenty of people much wealthier, but it would be a nice life that doesn't really exist here. Basically an experience few are fortunate enough to experience. If we don't care for it, we can leave.

I don't understand it. The OP is saying they are so rich that anything is possible for them. Then why do they need a financial goal?

I would Love to live in NYC - and eat out all the time and go to shows and museums etc. I love the energy there. But it takes a certain personality to want to do that, and it sounds like DH isn't on board. How about visiting up there more often? At this point in my life (with 2 little kids) I wouldn't have the time to enjoy much of what I like about NYC, and there would be more negatives (while Central Park is great, it's not Rock Creek Park or Glover ARchibald or the Tow Path or Great Falls or any of the other marvelous places I go with the kids on an almost daily basis). Save the money for when they are teens and then move up there. Teenage life in the city is the bomb.

Anonymous wrote:Then do not waste time with NY! What a dump! Great to be a tourist there but it is a nightmare city.
Give to charity, enjoy nature, take it easy, stop earning money.

What?? It's a great place to live, even if you don't have that much money.

It is hard to tell for sure from your tone, but your posts sound materialistic and shallow to me, like you want the beautiful, wealthy Manhattan lifestyle and an average life in the DC area isn't good enough for you...That you think since you have been so fortunate financially that you deserve an "extraordinary Manhattan life."

That indicates to me that you don't have a lot of depth or substance and that you are looking to the external trappings of success to validate yourself. Things and money don't make you happy, a house in the Hamptons won't make you happy. While I could be totally off base here, I would caution you to think about what is really driving you. It's one thing to want to prefer living in another city or type of place, but if you are striving after Manhattan because you think that lifestyle will make you happy, I think you are in for a surprise. Plus, I don't think $1M a year would be enough to really keep pace with the beautiful people.

Anonymous wrote:Save as much as you can so you could quit at any time and live off the income generated by your savings. You have the possibility of freedom-- don't squander it on stupid stuff.

Amen!