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 cigarettes he could smoke in the time it would take to get there :) So if we were hitting up this bar down the street, say 10 blocks away, instead of just saying so he’d tell me it was “2 cigs” away. 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 it could buy ;) To me, that’s a great way to spend $1 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 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 going to differ.
Knowing what $XX can buy is very important – money is some powerful stuff! If you don’t think about what it’s really “worth,” you could blow through it a helluva lot faster (like all those times we drop $10 or $20 bucks on God knows what). And you know what? 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 cool 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.
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!