Moderate wealth is sufficient for being able to trade money for time, but this also works if the market offers a high price for your time. Concretely, if you currently save $10 by cooking food at home for one hour instead of getting equally good food delivered, and you can turn one hour of time into $50 by selling math tutoring, you can get more time and more money by getting food delivered instead and tutoring math every second day. This works even if you don’t have much money in the bank.
(This idea comes from Andrew Critch, but I can’t quickly find a blog post to link to.)
Moderate wealth is sufficient for being able to trade money for time, but this also works if the market offers a high price for your time. Concretely, if you currently save $10 by cooking food at home for one hour instead of getting equally good food delivered, and you can turn one hour of time into $50 by selling math tutoring, you can get more time and more money by getting food delivered instead and tutoring math every second day. This works even if you don’t have much money in the bank.
(This idea comes from Andrew Critch, but I can’t quickly find a blog post to link to.)
Yeah, I was including “you’re able to earn a moderately high income” as a subset of “moderately wealthy”.