4 ms·

Kind of. There’s still the admin overhead of scheduling and coordination to get things done. Rich people typically have a larger surface area to cover (big hous

Kind of. There’s still the admin overhead of scheduling and coordination to get things done. Rich people typically have a larger surface area to cover (big houses, big yards, lots of cars, etc) and all the projects and maintenance that come with them requires a lot of phone calls and getting people to show up.

yetihehe 2y ago
> and all the projects and maintenance that come with them requires a lot of phone calls and getting people to show up. They have people for that too. It's called personal assistant or secretary.
- jajko 2y ago
  Concierge services, and for enough money whole company is set up. Rich folks value their free time the most in the world, so pay others to lose their (less worthy in financial terms) time on pesky daily grinds like maintaining stuff they own, investments, bureaucracy etc. Very few don't do it this way, basically all 'old money' work like that for generations, employing non-trivial amount of folks.
  - yetihehe 2y ago
    > so pay others to lose their (less worthy in financial terms) time on pesky daily grinds like maintaining stuff they own, investments, bureaucracy etc. I agree with you, just one more thought: Imagine that you received ungodly amounts (20x your current salary) of money for something you like to do. And if you did i some more of that in a day, you would get even more money. And then there would be people sending you letter that they want to take care of your mundane things for about 0.8x of your current salary, which means you can do more of the thing you like every day. Wouldn't you take it? I probably would :(.
coldtea 2y ago
>and all the projects and maintenance that come with them requires a lot of phone calls and getting people to show up. That's not how this works. You don't need much effort to "get the people show up": they'll do it because they need the money, and you have those. Second, if you're rich, you have people managing the hiring and coordination of projects and maintenance, you don't even need to know how many people are in your overall staff.
- tmountain 2y ago
  I take your point, but it really depends on which threshold of rich we're talking about. Someone with say... 5M net worth is rich by most people's standards, but depending on where they live and their situation, they may or may not have the staff to take care of every administrative aspect of their life. 50M, sure... you've basically won life at that point, and you can outsource everything.
  - coldtea 2y ago
    Even with 5M taking care of house repairs, cars maintainance and the line is not even remotely close to being a problem. In any case, far far far less than worrying about next month's rent, or even a leaking roof and you scrapping for money to fix it.
    - tmountain 2y ago
      Monetarily, absolutely not, but that's not the point I'm making. I'm saying if money equals freedom, at the lower threshold of being rich, there are still many small things that will take up your time; thus, preventing you from maximizing potential happiness from said wealth.
      - Draiken 2y ago
        Sure, but it's all about proportions. I now am lucky enough to have enough money for everything I need and that means almost all problems are a payment away from being solved. 99.9% of the problems become really small. The amount of time spent on every little problem before was absurd.
        shrimp_emoji 2y ago
        Meanwhile, if you're doing carpet repair for minimum wage, a problem like a flat tire on your shitty blue Subaru feels life-destroying.
      - ElevenLathe 2y ago
Eddy_Viscosity2 2y ago
Are you suggesting that calling a house cleaning service is somehow more work than cleaning your house?

yetihehe 2y ago

> and all the projects and maintenance that come with them requires a lot of phone calls and getting people to show up. They have people for that too. It's called personal assistant or secretary.

jajko 2y ago
Concierge services, and for enough money whole company is set up. Rich folks value their free time the most in the world, so pay others to lose their (less worthy in financial terms) time on pesky daily grinds like maintaining stuff they own, investments, bureaucracy etc. Very few don't do it this way, basically all 'old money' work like that for generations, employing non-trivial amount of folks.
- yetihehe 2y ago
  > so pay others to lose their (less worthy in financial terms) time on pesky daily grinds like maintaining stuff they own, investments, bureaucracy etc. I agree with you, just one more thought: Imagine that you received ungodly amounts (20x your current salary) of money for something you like to do. And if you did i some more of that in a day, you would get even more money. And then there would be people sending you letter that they want to take care of your mundane things for about 0.8x of your current salary, which means you can do more of the thing you like every day. Wouldn't you take it? I probably would :(.

coldtea 2y ago

>and all the projects and maintenance that come with them requires a lot of phone calls and getting people to show up. That's not how this works. You don't need much effort to "get the people show up": they'll do it because they need the money, and you have those. Second, if you're rich, you have people managing the hiring and coordination of projects and maintenance, you don't even need to know how many people are in your overall staff.

tmountain 2y ago
I take your point, but it really depends on which threshold of rich we're talking about. Someone with say... 5M net worth is rich by most people's standards, but depending on where they live and their situation, they may or may not have the staff to take care of every administrative aspect of their life. 50M, sure... you've basically won life at that point, and you can outsource everything.
- coldtea 2y ago
  Even with 5M taking care of house repairs, cars maintainance and the line is not even remotely close to being a problem. In any case, far far far less than worrying about next month's rent, or even a leaking roof and you scrapping for money to fix it.
  - tmountain 2y ago
    Monetarily, absolutely not, but that's not the point I'm making. I'm saying if money equals freedom, at the lower threshold of being rich, there are still many small things that will take up your time; thus, preventing you from maximizing potential happiness from said wealth.
    - Draiken 2y ago
      Sure, but it's all about proportions. I now am lucky enough to have enough money for everything I need and that means almost all problems are a payment away from being solved. 99.9% of the problems become really small. The amount of time spent on every little problem before was absurd.
      - shrimp_emoji 2y ago
        Meanwhile, if you're doing carpet repair for minimum wage, a problem like a flat tire on your shitty blue Subaru feels life-destroying.
    - ElevenLathe 2y ago

Eddy_Viscosity2 2y ago

Are you suggesting that calling a house cleaning service is somehow more work than cleaning your house?