A million dollars at a conservative 1.5% after taxes and inflation would pay for all my current expenses. If I didn't have to work I'd likely move somewhere with lower cost of living.
If you were debt free with 1 million USD in cash and mutual funds would you choose to live in a major city? So many major cities worldwide have high levels of pollution which has a deletirious effect on both physical health and mental performance. You trade that off against having access to the things big cities offer (services, entertainment, etc). It might seem worth the tradeoff if you are single and don't want to own anything. But making that choice for wife and kid seems tough.
>>> If you were debt free with 1 million USD in cash and mutual funds would you choose to live in a major city?
Like everyone else, I don't get to choose.
Do you realize that people have roots, family, friends? Do you realize that border and immigration control is a thing? It's disingenuous to consider changing city as a trivial option.
When someone has $1M, it's because he is in a location that made it possible in the first place.
I am aware of all those things, because I did it. So I know it is not trivial; I'm not being disingenuous at all. I made the trade offs for my family. I am just wondering what other people's thoughts are.
