If you can afford it, do it.
Online videos can be helpful, but nothing can take the place of an instructor watching you, helping you make a correction, and being there to answer your questions directly. Period.
What are you using now?
I really think most people go to YouTube or one of the other on-line places (TrueFire, Guitar Tricks, Guitar Jamz, Blues Guitar Unleashed, Master Guitar Academy, etc.) primarily to save money. It is either that or they are in a location without access to a face to face teacher. I would bet that most, if they could afford it, would find face to face lessons beneficial.
If you are getting to the point that you can afford it, as you said, why not try it? If you don't feel it's working then try something like Artistworks as @walrus suggested. Or one of the other online places I listed. There are those and lots more. And, of course, SKYPE.
I am doing kind of a hybrid, not unlike Artistworks. I am using TrueFire lessons. But I am also taking private lessons with one of the instructors, Corey Congilio. We are not Skyping. We use his courses and as I go through it I send him a video. He reviews it and sends me a video response. We go back and forth until he is satisfied with my progress and then we go to the next lesson. That works great for me.
+1 on this. I go to private lessons AND work my way through the TruFire catalog.
I'm not 100% crazy about the way my lessons have gone (another Loooong post, if you really care to know I can tell you the good/bad about lessons), so I've considered changing over to TF lessons too.
Up until now I've just worked my way through one Learning Path (Rock, Jazz, Blues, Country, etc...), until I get to the point that the lessons are just BEYOND me, then switch to another path. I found there's a TON of foundational knowledge that translates back and forth. Plus, after working a second and third path for a bit, I could go back to the first and work even further through it.
I take it back, +10000 for the hybrid lessons!
I'm doing the same thing. I also keep my eye on Lick Library for anything that looks interesting. Plus I have a library full of books to wade through as well.
Sometimes I wonder if I've got too many things going at one time.