Does Having Money Make Some Decisions Easier?

[Proty]

Yes financial flexibility can be a form of wealth. Because when there is availablity of cash , there are different options when buying things or taking decisions. Someone that is struggling financially can accept whatever opportunities that comes their way but this is not so for someone with money.
I have always considered having an emergency funds to be very crucial. Because when an emergency occurs it saves us from financial pressures. Having money gives someone control over some certain situations.

[raymks737]

Financial flexibility removes survival pressure, allowing better choices like buying in bulk or waiting for optimal opportunities.

[acener]

Just like OP mention money gives us opportunity and savings, the power to buy more or bulk in order to get it cheaper and save money while having enough stock.
The power to choose or have better option when it comes to job or opportunity, since we could take time on searching for better offer cause we have savings that could cover us.
But having money doesn't alway mean that we would be making great decisions, there are also those people that we call as a one day millionaires, those who would spend too much, those who would ignore the price or buy anything that they want even if they don't really need it.

[Umulala-alala]

Rich people with money, buy things way cheaper, because of their choice of market and availability of resources that place them on a special customer class.

Poor with limited resources, are forced to buy thing more expensive due to their limited buying power and unavailability of good markets, which come from they lack of funds, most times they buy goods at blackmarket rate.

Money is important to your buying power, since buying in bulk gives you access to wholesale prices, infact the rich have more access to credit buying since they are creditworthy to their sellers.

Rich people buys it cheap because they buy it in wholesale price which requires them to buy it with huge amount of money which could last them for some time, while the poor doesn't have such huge amount to buy the wholesale price but buy little by little, even though they still have the money to buy it in wholesale they will also need to buy other things. I believe the poor only buy things according to what their funds can afford while the rich also buy according to their level. The rich also stand at advantage in any thing in life.

[ZAINmalik75]

The reason why people don't talk about these things when they talk about money is probably because they are specifically talking about money or things that one can do with that money, but they aren't talking about things surrounding the financial abilities or capabities of a person, because if you are talking about such things, there is no way you are not going to talk about the things you just mentioned. Why do you think we call it financial freedom when a person has enough finances or resources? It is because it allows them to have the freedom to do things their way, and do them whenever they are to be done instead of pushing them forward and rescheduling them only because you can't afford to do them at the moment.

So of course, having money at all times, and more money than you generally need for every financial need, does give you more options about things you want to do where money is necessary. When someone has money when all their needs are already fulfilled, they will have a more open perspective towards things and they can think properly about things and what they should and shouldn't do, but of course, one has to know how to manage their finances, because when you have freedom, you can also become a carefree spender, and over time, that habit can put you behind again, but if you manage everything properly, then this can have multiple benefits for you.

[Hamza2424]

If you are able to make money and save and able to buy things that you want, just like buying in bulk so that you will buy cheaper, that is financial flexibility but it is more than that. What it means in simple word is just wealth, but in a way average people can have it so far they spend wisely, save money and thing about the future. Financial stability is a form of wealth.

Yep, it is all about choices and how you use your money. I have seen rich people still buying in bulk, saving at every opportunity, while poor people are giving tips to delivery guys. That's a good gesture, but it shows one huge difference.

Giving someone $1 or $5 won't be a big deal for a poor person, and I am not saying someone who can order a pizza is not poor because I am referring to middle class people too as poor. They will give $5 or $1 anyway, but rich people won't. Because that little saving, who knows where it could take the rich, but poor people think it is useless for them.

Having money in the bank can make someone lazy, and they can miss many job opportunities for a better one until the money runs out and they are forced to do any job now. So money is important. It gives us peace of mind.

[Questat]

Yes, having sufficient amount of money available all the time creates decisions easier and faster compared to those who are still struggling to look for money. Be it emergency funds or not, money is essential that's why as much as possible one should have cash on hand all the time because it makes any difficult situation easier, while those who will still look for means will only make the situation more difficult that could even compromised their mind and body in the later part.

Financial stability creates more flexibility and favorable decisions, so clearly this is one wealth that all people should literally have.

[eightdots]

If you are able to make money and save and able to buy things that you want, just like buying in bulk so that you will buy cheaper, that is financial flexibility but it is more than that. What it means in simple word is just wealth, but in a way average people can have it so far they spend wisely, save money and thing about the future. Financial stability is a form of wealth.

Yep, it is all about choices and how you use your money. I have seen rich people still buying in bulk, saving at every opportunity, while poor people are giving tips to delivery guys. That's a good gesture, but it shows one huge difference.

Giving someone $1 or $5 won't be a big deal for a poor person, and I am not saying someone who can order a pizza is not poor because I am referring to middle class people too as poor. They will give $5 or $1 anyway, but rich people won't. Because that little saving, who knows where it could take the rich, but poor people think it is useless for them.

Having money in the bank can make someone lazy, and they can miss many job opportunities for a better one until the money runs out and they are forced to do any job now. So money is important. It gives us peace of mind.

This issue is also a matter of choices. Being poor or wealthy may entail making simple choices; however, these choices are not necessarily the defining elements of poverty or wealth. The key point is that individuals living in poverty need to exercise greater restraint in their behavior and manage their finances prudently. While wealthy individuals possess the resources to offset excessive spending—thereby enjoying flexibility in their expenditures—poor individuals lack such economic flexibility.

If poor individuals fail to act cautiously in areas where the wealthy can afford financial flexibility, they risk facing financial hardship resulting from overspending.

[Sally9256]

I started thinking about this  after noticing something that does not get discussed much when people talk about money. Sometimes having little money can actually make certain things more expensive. For example someone with enough funds can buy something in bulk when the price is better and someone who is low in funds may have to keep buying smaller quantities at a higher cost.
Someone with savings can take there time looking for a better job while someone who needs money immediately may have to accept the first opportunity available even if the pay is poor or the conditions are bad. Even with emergency having some money available can allow you to fix a small problem before it becomes a bigger and expensive one.
So maybe money does not only buy things, maybe money only buys flexibility and that flexibility can sometimes allow someone to make easier decisions.

This is where I find the idea interesting. We often tell people to make better financial decisions but how much of that decision making actually depends on having financial freedom in the first place?
Does having money give people an advantage beyond the money itself because they have more options available for them?
And if that is true, could one of the hidden cost of being poor be that you have fewer opportunities to choose the easier option?

I’m curious how other see this. Is financial flexibility itself a form of wealth?

I honestly agree because a lot of people out there today, money makes their decision easier.
Now there is a popular saying that goes “ money brings happiness “ I do agree with this saying because without money no decisions can be made easily. Decisions like going to the market to get some items and reaching there you found out the price has increased. Now as a person that has money you wouldn’t mind getting it because you have money. That means having the money has influenced your decision in buying despite the increase but someone who doesn’t have money will have to compromise.
Also in terms responsibilities, you don’t need to think which you should attend to first but rather you can attend to all at once because the money is there. So having money that can make one’s decision easier simply mean one is wealthy and can afford anything.

[Cryptomultiplier]

If you are able to make money and save and able to buy things that you want, just like buying in bulk so that you will buy cheaper, that is financial flexibility but it is more than that. What it means in simple word is just wealth, but in a way average people can have it so far they spend wisely, save money and thing about the future. Financial stability is a form of wealth.

Yep, it is all about choices and how you use your money. I have seen rich people still buying in bulk, saving at every opportunity, while poor people are giving tips to delivery guys. That's a good gesture, but it shows one huge difference.

Giving someone $1 or $5 won't be a big deal for a poor person, and I am not saying someone who can order a pizza is not poor because I am referring to middle class people too as poor. They will give $5 or $1 anyway, but rich people won't. Because that little saving, who knows where it could take the rich, but poor people think it is useless for them.

Having money in the bank can make someone lazy, and they can miss many job opportunities for a better one until the money runs out and they are forced to do any job now. So money is important. It gives us peace of mind.

This issue is also a matter of choices. Being poor or wealthy may entail making simple choices; however, these choices are not necessarily the defining elements of poverty or wealth. The key point is that individuals living in poverty need to exercise greater restraint in their behavior and manage their finances prudently. While wealthy individuals possess the resources to offset excessive spending—thereby enjoying flexibility in their expenditures—poor individuals lack such economic flexibility.

If poor individuals fail to act cautiously in areas where the wealthy can afford financial flexibility, they risk facing financial hardship resulting from overspending.

Overspending to me is a consequence of lack of budgeting knowledge or financial management skills and that's why when one can distinguish between an asset and a luxury, they have truly understood part of what financial management practice is about. This separates the rich from the poor in the society.

Money makes one have the ability to have options, save time and evaluate cost without sentiments because inflation is a part of the economic problem of most countries and it influences cost, risk and affect both immediate and future decisions.

 Not having money makes every wrong financial decision a huge deal because the focus is more on survival mode everyday, whereas the opposite is the case for those who are rich or wealthy and of which can easily cover up or make up for their mistakes and make and execute long term plans without stress or the burden of survival mode mindset.

[MorganaX]

I don't agree that in all circumstances, the rich buys product at lower prices, i understand the idea you all share but we forget the human ability to gage the individual buying a particular goods especially for consumption. Maybe it's where am from but once you exhume money, prices of things go up to maximize the sellers profit, it happens alot. The difference is that the rich doesn't feel the difference.

[Berry2d]

I don't agree that in all circumstances, the rich buys product at lower prices, i understand the idea you all share but we forget the human ability to gage the individual buying a particular goods especially for consumption. Maybe it's where am from but once you exhume money, prices of things go up to maximize the sellers profit, it happens alot. The difference is that the rich doesn't feel the difference.

You are right,  in pricing and purchasing of products the rich don't have advantage over the poor in getting products at a lower price but maybe when we talk about quality products. 
I still recall an incident some months ago when I went to an electronics shop to get some items with my younger brother,  looking at my younger brother he appeared rich and was willing to buy at any price then the shop owner increased the price with over 40 percent from what it was meant to be I kicked against it and requested we leave, after sometimes I went their alone to my greatest surprise the price dropped because I appeared very simple which made them believe am just a regular guy.
Most times business owners prefers selling to the rich because they know with them there will be more profit than what they will get when the poor buys that same thing because a poor man will be very conscious with the amount he spends

[Ndabagi01]

This is where I find the idea interesting. We often tell people to make better financial decisions but how much of that decision making actually depends on having financial freedom in the first place?
Does having money give people an advantage beyond the money itself because they have more options available for them?
And if that is true, could one of the hidden cost of being poor be that you have fewer opportunities to choose the easier option?

I’m curious how other see this. Is financial flexibility itself a form of wealth?

Yes but I won’t say you’re wealthy but I’ll say you’re rich in this case. Being wealth is way beyond yourself enjoying the comfort of this life but also how your wealth can influence and help build other people. All what you’ve explained is true in its real sense when we talk about having money and being called rich, but being wealthy is another level you’ll have to attain not just by the amount of money you make but how you influence other people’s life positively. Financial stability will always come when you have money and it gives you the opportunity to have things at your own comfort and discretion. No feeling better than that and that’s one freedom that comes with being rich with a lot of money.

[fredericktaylor]

I think that knowledge along with money helps a person to take the right financial measures. Along with money, knowledge is definitely important because having enough money is definitely big positive thing for you but if you want to succeed through investing, then having knowledge about your specific subject is very important. When you make the right plan with the help of knowledge and invest in the right place and with risk management, it will become much easi for you to achieve success. If you have enough money, you can choose any investment without worrying too much because you are financially rich, as a result of which you can start everything again if you face a loss, you do not have to worry too much about money, as a result of which your chances of success are very high.

Those who are financially weak cannot choose the best investment in the market. It is very difficult for them to invest because of money because they always think that if they face losses through investment, they will never be able to recover which destroys their confidence. Therefore, you need to have enough money to manage the strong financial support. In addition, it is important to gain knowledge. Money and knowledge can make your way much easily.

[Alpha Marine]

This is part of the reason a lot of discoveries and innovations come out of working economies.
In developing countries where things are extra hard, if a person graduates, he doesn't have the funds and resources to pursue what he studied or his dream. His main target is simply to get a job that bills so he can survive. A man who has no food to eat or a roof over his head won't think about pursuing a dream or solving a problem. Funny enough, he might go into any field just to make ends meet instead of going further on what he studied.
He is not doing that because he isn't smart or intelligent enough, it's simply because he does not have the luxury of doing anything else.

It is also why the rich have more investments. A person with no mony isn't thinking about 5 years later, he's just trying to get money to pay his rent. They are not the same.
And of course, it should be common knownlegde that the poor have fewer options, probably only one option, which is to survive.

[Royal Cap]

Rich people buys it cheap because they buy it in wholesale price which requires them to buy it with huge amount of money which could last them for some time, while the poor doesn't have such huge amount to buy the wholesale price but buy little by little, even though they still have the money to buy it in wholesale they will also need to buy other things. I believe the poor only buy things according to what their funds can afford while the rich also buy according to their level. The rich also stand at advantage in any thing in life.

Couldn't agree with the wholesale point. The thing is that the rich can buy good things even if they pay more, Suppose a rich person buys a good brand of shoes for $200. On the other hand a low income person buys a shoe for $20 due to lack of money. So here the rich person buys the shoes at a higher price but he can wear them for a long time. That is their sustainability is higher, but the poor person who buys the shoes at a lower price may get damaged after two to three months. But at the end of the day, if you calculate it, you will see that the poor person has to spend more money on shoes

[thesebassv]

Does having money give people an advantage beyond the money itself because they have more options available for them?
And if that is true, could one of the hidden cost of being poor be that you have fewer opportunities to choose the easier option?

Of course, having money gives you more options. Let’s look at a very common example: healthcare.

- A person with money has the option to purchase a health insurance. This insurance offers specific benefits, one of them is access to a wide range of specialists. When this person decides to see a doctor, they can simply book an appointment for the time and with the physician they prefer. Everything is tailored to their schedule.

- A person without money will likely have to go to a public hospital. They must wait in long lines to get an appointment and often see several general practitioners before finally reaching a specialist. In some cases, the appointment is scheduled within the next 3 to 6 months (not when they need it), and is with whichever doctor happens to be available (not one they like or want)

Technically, a poor person not only loses out on opportunities and options but also wastes time and money (as certain things end up costing more)

Couldn't agree with the wholesale point. The thing is that the rich can buy good things even if they pay more, Suppose a rich person buys a good brand of shoes for $200. On the other hand a low income person buys a shoe for $20 due to lack of money. So here the rich person buys the shoes at a higher price but he can wear them for a long time. That is their sustainability is higher, but the poor person who buys the shoes at a lower price may get damaged after two to three months. But at the end of the day, if you calculate it, you will see that the poor person has to spend more money on shoes

Totally agree with this. There's a saying "Cheap things are expensive in the long run". And it's true, what you are paying is the quality of the item you are purchasing (of course not all expensive things are of good quality)

[Crypto Library]

Rich people buys it cheap because they buy it in wholesale price which requires them to buy it with huge amount of money which could last them for some time, while the poor doesn't have such huge amount to buy the wholesale price but buy little by little, even though they still have the money to buy it in wholesale they will also need to buy other things. I believe the poor only buy things according to what their funds can afford while the rich also buy according to their level. The rich also stand at advantage in any thing in life.

Couldn't agree with the wholesale point. The thing is that the rich can buy good things even if they pay more, Suppose a rich person buys a good brand of shoes for $200. On the other hand a low income person buys a shoe for $20 due to lack of money. So here the rich person buys the shoes at a higher price but he can wear them for a long time. That is their sustainability is higher, but the poor person who buys the shoes at a lower price may get damaged after two to three months. But at the end of the day, if you calculate it, you will see that the poor person has to spend more money on shoes

I don't think he made any specific comments about purchasing a particular product.
But when it comes to particular products, I will agree with you, although the rich class people definitely buy good things at higher prices, which are basically durable for a long time.

But I think Umulala-alala's comment does not actually mean this concept; maybe the matter is basically in the field of business, like if you are doing any business and if you have less money then you have to buy local wholesale products and there your percentage in terms of profit will be less, whereas if you have big fund then you can buy products directly from the factory in wholesale where your profit amount will be much higher becuase the product price is be much lower, that is why you will see that many businessmen take loans and then expand the business.
So if you consider it from this point of view, yes, having more money also means a different power.

[abhiseshakana]

I think the answer yes have money make some decision easier but not merely because money buy flexibility but rather the existance of financial preparation. It create shock absorber ability without making a bad decision. Preparation make us calm because we know when something unexpected happen, we already has resorces and plan to face it and conquered it.

When we sick and loss our job, we have emergency fund, when price of daily needed rise we have buffer cash, when market crash we don't need sell our assers because our necessity has covered, and this is what i call financial resilience. Simply said with preparation we feel safety financiallyl, money provide resources and our financial planning turn our money into protected shield, this shield produce resilience which create dlexibility when the sock comes.

[demonica]

Of course. Obviously, if you have enough or extra money, things are way easier for you to spend it because there will still be left even if you spend it on something. Unlike with people who only have sufficient or even less, they contemplate whether to spend it or not because if they do, they won't have enough money for the other things.

That's why when we talk about saving. It's not always about the poor not having enough financial literacy so they can't save money. Major factor of it is also because they don't have enough money to put in savings. Their money is only enough or maybe not even enough for their day to day living, so how come can they allot a portion of it to save? While for people who are earning more, it's easier for them to save because there's an extra fund for it.