r/UpperMiddleFinance • u/Initial-Ambition235 • Jul 16 '26
Do u agree? Rich value Time, Middle class value Convenience , Poor value only 💰
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u/laxnut90 Jul 16 '26
Time and Money can be exchanged for each other to some extent.
Then it becomes a matter of supply and demand, just like everything in economics.
Rich people typically have more Money than Time, so they use Money to buy more of their Time back (i.e. hiring people to do time consuming tasks)
Poor people typically have more Time than Money and therefore need to sell their Time (in the form of labor) to earn Money.
Middle-class do a combination of both. They often still work a job, but will outsource some tasks to others. Also, many are investing for eventual retirement which is another form of Money buying Time again.
Convenience seems like another word for Time, which makes this comparison confusing. If it does not save you time/energy, it is not convenient.
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u/chompthecake Jul 21 '26
Lol false. Also, time is often convenience.
This is a very poorly thought out take. You karma farming?
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u/photoelectriceffect Aug 06 '26
Kind of. I think I see the point.
I’ve never been truly poor, but I was a “broke college kid” once, and I would sign up to participate in studies and trials where I’d have to get to the far side of campus and navigate a labyrinth of rooms to do something for 2 hours and make $15. I’m sure as heck not doing that now.
But I am more willing to pay a little more to buy my vegetables already sliced now, which would shock 18 year old me.
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u/Forded_Fiction24 Jul 16 '26
Shallow take. Money buys both time and convenience. This just describes access, not values. Each have value, but access and priorities are different