- The investor class believes investing money and letting the money work for them is "working smarter".
- The working class believes in investing time, in "working harder" and in earning money.
Which way of life is better in your opinion and why? If you are working class would you rather join the investor class? If you are investor class do you feel you miss out on the nobility and status that comes from being part of the working class? Would you rather be viewed as an earner or an investor?
I would definitely classify myself as investor class.
I've always felt ripped off by past employers when they said, "We'll pay you 7.50 an hour".
My hour is worth more than 7.50!
Also when I run my businesses. I'm more than happy to throw money into them. But my time invested better REALLY pay off. Otherwise I'll back out.
I love this question, Because If someone wants to be wealthy, This is a mindset they will need to change.
I am now in my mid fifties and my time is getting more precious. I would rather invest my money. But in investing my money, I still need to put in the necessary time to make sure that I invest in the right investment
The best returns come from balancing. Time without money gives linear returns. Money without time gives no returns - or even losses. The more time you spend allocating money, the more they return.
You have to start from somewhere. For most people this means exchanging time for money. A smart person would then spend less time consuming the money, and more time thinking about how to best invest.
Better? Neither. I would rather do both.
I'm with you. A synthesis of philosophies seems the most effective way forward.
When i enjoy something, i would say time. I do not have much money to invest.
I want to invest both ideally.
I would rather invest my money than my time. Money can always be earned - our time never returns to us.
Like everything else in life, balance is key. A little of both.
Investor class, funny things is that I love working with my hands but for me not for someone else.
That is a tricky question :D
In my opinion it differs per person. Wealthy people their time is more costly, with means they should be more of an investor. Less wealthy people their time is less valuable. Which makes it more important for them to be an earner.
The middle class will have to find a balance between earner and investor, and adjust as they progress in whichever direction they go.
One thing I know for sure, is that nothing lasts forever, and we have no control on certain things in life. So you got to always be prepared to shift gears whenever necessary.