Research problem: The focus of the research was to determine the differences and connections in subjective well-being, time perspective and values among groups from various cultures and socio-economic status. The samples of Polish and Ugandan population, which are highly diverse geographically, socially, economically and culturally, were examined and compared in the study. Participants: The Polish data were collected from 58 management students (45 F, 13 M) from Jagiellonian University in Krakow; mean age M=20.21 years old, SD=1.10. The Ugandan data were collected from 47 management students (28 F, 19 M) in similar age from Makerere University in Kampala and Fort Portal. Measures: Respondents from Uganda completed the Subjective Well-Being Scale (SWLS) by Diener, the Zimbardo Time Perspective Inventory (ZTPI) and the Portrait Values Questionnaire (PVQ) by Schwartz. The original versions of methods, written in English (which is official language in Uganda) were used. In Poland were used version of SWLS adapted by Juczyński, ZTPI adapted by Cybis, Rowiński and Przepiórka, and Polish version of PVQ adapted by Cieciuch and Zaleski. Results: Statistical analysis carried out on Polish and Ugandan sample survey data revealed statistically significant differences in time perspective and in basic personal values, but not in subjective well-being. The results were interpreted in the context of specific social, economic, and cultural conditions and discussed with reference to previous findings.