(This is a flashback to a post I wrote over a year or so ago. I was reminded of it yesterday cuz it’s a great way to put things in perspective! Even in the last year my outlook on money has changed as far as *what’s* important to me now (You can see the old stuff that’s now crossed out below) Let’s see if you enjoy it as much as you did the 1st time it was posted! Haha…)
I had this friend who measured time in cigarettes. Whenever I asked him how far something was, he’d always come back with the number of cigs he could smoke in the time it would take to get there :) So if we were hitting up a bar down the street, say 20 mins away, he’d tell me he’d meet me there in about “2 cigs.” Haha… I guess for him this just made more sense.
The same can go for understanding amounts of money too. I like to measure smaller amounts in the number of
lottery tickets web domains it could buy ;) To me, that’s a great way to spend $10 and it’s easy for me to comprehend (in high school, it was double cheeseburgers off the $1 menu!). For larger amounts – $100 and up – I tend to use Air Jordans airline tickets or whatever else I’m interested in at the time. It doesn’t matter what you use really, just that it puts things into better perspective for you – we’re all gonna be different.
Knowing what $XX can buy is a powerful thing. If you don’t think about what something’s really “worth,” you could blow through it a helluva lot faster (like all those times we drop $10 or $20 bucks on Lord knows what). And it helps with motivation too! Similar to my “I can’t afford that” post yesterday, knowing that you can buy X or Y or even Z all with $10 is a very good thing. The dollar is almighty!
Appreciate the power of money, and keep those valuations of yours on tap. The more we understand how far the dollar can go, the easier it will be to make decisions and stick to our goals :) I don’t turn down all those cab rides for nothing, baby! For every 6 I pass on, I can get a whole share of Berkshire Hathaway’s Class B stock! Haha…and that’s freakin’ awesome.
What do you use as a measuring stick for money?
(“Why dinos are extinct” Photo by Dan4th)
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|