For those interested, he dropped episode #3 a couple of days ago:
https://www.youtube.com/watch?v=DwBozMsO9iM
There were a few things that struck me in episode #2, which, as I mentioned, reminded me of the "rates" thread from a few weeks ago, where the OP was asking why guys are so willing to pay high prices ($400+ per hour) for what in many cases is a lackluster performance from a mid-looking provider. Although most of that discussion devolved into addressing why providers set their rates at the levels they do, I still think OP's question was more about
why guys pay it at all.
While I think there's some merit to the oversimplified answers, "Because they want to" and "It's the market," the good doctor brings up some deeper points. One is that, for high-earning men, the rates become negligible relative to their income (wages, investment returns, etc.). In his example, his lawyer friend makes $1300/hr, so to pay a $1000/hr provider, he need only bill a client of his for ~45 mins of work. In other words, it's no big deal because he can easily recoup the outlay rather quickly. Most of us can't do that. As a percentage of our income, that rate (even $400/hr) is too high and it would take
a lot of work to create discretionary income to that extent.
Another point that I hadn't thought of is the mindset. As a man starts making "F-You Money" (shoutout to Jim Collins), he often has a switch in his financial mindset. He stops thinking about how much money he can save by
not doing something, to how much time he can recoup by spending it. That recouped time can then translate into making more money. So he stops thinking about a $400/hr provider as, "If I see someone who only charges $300/hr, I'll save $100." Instead, he sees little difference between a $400 provider and a $1000 provider because he'll save time either way (versus dating) and he can easily generate income to cover the cost. An extra bonus for him is that the $1000 provider is usually younger, fitter, and prettier than her lower-cost counterparts. I think many of us fall somewhere in-between. Sure, we could pay the $1000 provider, but we don't want to. We're not at a point where our mindset has switched.. ha.