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What exactly is the relationship between time and money you're referring to? Is it the time value of money? Honestly curious.

• VLM 13y ago
  I guess in one line it would boil down to only their (rich) social group knows how to properly estimate, divide the estimates, and compare the results. Or knowing that such comparisons are possible between pretty wide ranging subjects, rather than making decisions by just following the herd. With that inability as a rationalization for why they're poor and we're rich or source of humor. Or something like that.
  • aevernon 13y ago
    Could you give an example of such a comparison? Are you saying rich people are better able to estimate the risks and trade-offs for their decisions?
    • VLM 13y ago
      Typical example would be car choice. Middle class dude selects based on TV commercials, friends opinions, and conspicuous consumption, ending up with a giant pickup truck typically, however most rich dudes drive something quite a bit more modest. I should point out I'm talking more about "people who become rich on their own" rather than lucky lotto winners or lucky selection of parent or trophy spouse or whatever.