Join Andrew and Kassy as they discuss the timeless debate of Time vs. Money, how age changes our views on that matter, and their preferences on spending money. They also talk about the interesting topic of what they would do if there were more than 24 hours in a day.
Time is the great equalizer as nobody has an unlimited supply of it.
The balance between time and money may change with age and personal circumstances.
Deep dives
The Importance of Time and Money in Our Lives
In this episode, Andrew and Cassie discuss the topic of time versus money, exploring which one is more important. They highlight that while money may be valuable for some people, time is the great equalizer as nobody has an unlimited supply of it. They discuss the saying 'time is money' and how it relates to valuing time based on financial returns. They share personal anecdotes, such as hiring someone to clean their shoes instead of doing it themselves to save time. Additionally, they reflect on how the balance between time and money may change with age and personal circumstances.
The Perspective on Time and Money
Andrew and Cassie share their personal perspectives on the importance of time and money. Cassie mentions that in her early 20s, money was more important to her, aspiring for financial freedom. However, as she has gotten older, she values time more. Andrew reflects on the inverse relationship between time and money, highlighting how priorities change throughout life. They discuss when it is worth trading time for money, and the concept of delayed gratification.
Prioritizing Experiences and Possessions
Andrew and Cassie delve into the concept of spending money on experiences versus material possessions. They share their preferences, with Cassie leaning towards experiences and Andrew mentioning the joy he finds in certain possessions. They emphasize that both experiences and possessions can bring happiness and that one should not be considered superior to the other
Join Andrew and Kassy as they discuss the timeless debate of Time vs. Money. They share their perspectives, talk about how age changes our views on that matter, and discuss what they prefer to spend money on. Also, they chat about what they would do if there were more than 24 hours in a day in the bonus part of the episode.
Fun facts
Recent studies show that, after the pandemic, more people prefer spending their money on experiences rather than material possessions. According to research by Consumer Reports in 2023, 66% of people between the ages of 25 and 34 would choose experiences over physical items, which is a significant change from the 12% reported in 2021. Respondents claim that memories last longer than material possessions.
Expressions included in the study guide
At the end of the day
To beat around the bush
To work your way up
Sign me up
Back to the grind
Let's put it this way
Copyright: Culips.com
For more information about this episode, visit culips.com.
Music Credit: Something Elated by Broke for Free
Image: Karolina Grabowska (Pexels.com)
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