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Thanks kscaldef and detst for your replies. I do think a lot about moving out of Silicon Valley especially since the state of California is in such a financial

by nonce42 16y ago

Thanks kscaldef and detst for your replies. I do think a lot about moving out of Silicon Valley especially since the state of California is in such a financial mess. Theoretically, I could quit my job now, but it wouldn't make much financial sense, and I enjoy where I'm working. My experience with $5M is in fact firsthand, and it feels a lot closer to "middle class" than to "rich". Maybe it's because I live a non-extravagant lifestyle and I just need to buy myself a Ferrari :-) But seriously, what I'd like is to find out from people who actually know, if there's a financial level at which life changes qualitatively. E.g. is there a level at which it makes sense to stop working and spend your time managing your charitable foundation and hanging out at TED and Davos?

waterlesscloud 16y ago
"But seriously, what I'd like is to find out from people who actually know, if there's a financial level at which life changes qualitatively. E.g. is there a level at which it makes sense to stop working and spend your time managing your charitable foundation and hanging out at TED and Davos?" Not that I know from personal experience, but my best guess on that level of wealth would be 100s of millions. That's a different level of existence. I know plenty of people with millions, they seem more or less ordinary, though their leisure activities exceed the norm. The couple of people in the 10s of millions range that I'm somewhat acquainted with have very nice living environments (think estates), but don't have foundations. The one person I know with foundation/ted/davos is in a family with the 9 figure range. Don't really know silicon valley folks, though.