Comments on: How do you measure the power of money? https://eliteedgemoney.com/how-do-you-measure-power-of-money/ Money | Minimalism | Mohawks Tue, 04 Jun 2013 18:57:02 +0000 hourly 1 https://wordpress.org/?v=7.0 By: J. Money https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-885 Sat, 27 Feb 2010 19:28:40 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-885 really? i thought people loved smoking out there? although it has been a while since i last visited…i'll be in San Fran in a cple weeks though!!! if you live close by give me a holler and i'll buy ou a drink :)

]]> By: Bucksome Boomer https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-884 Sat, 27 Feb 2010 18:55:53 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-884 I can't get past your friend measuring time by cigarettes to think about how to measure the power of money.

Not enough people smoke here in California (it's practically illegal) for that comparison to work.

]]> By: J. Money https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-723 Wed, 24 Feb 2010 21:23:22 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-723 @Stella – Yeah, that's a popular one :) Whenever I see a Bentley or Royce I usually say – "Hey, I could sleep in that!" haha…
@me in millions – PPS: Watching Twilight causes making out.

]]> By: me in millions https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-719 Wed, 24 Feb 2010 20:59:46 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-719 @Investing Newbie, I like to measure my expenses in Chipotle burritos as well. As in, that jacket would cost X burritos. Is it worth it?

PS Smoking causes cancer.

]]> By: Stella https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-718 Wed, 24 Feb 2010 20:56:59 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-718 I was just talking about this to a co-worker! We were talking about a designer's new fashion line and she declared she'd never spend $500 for a dress. "That's like half a month's rent or two car payments!" was her rationale. It really makes you look at things a bit differently when you measure them that way…

]]> By: J. Money https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-716 Wed, 24 Feb 2010 18:47:47 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-716 @Random Thoughts of a Jersey Mom – Haha, indeed. If only it were easy to quit ;)
@Indian Thoughts – I like the way you think! Like back when gas was only 87 cents! I'd literally have a half-tank for only $5 bucks…incredible.
@Jim Juber – Perfect! For some reason I have a very hard time determining how much I make an hour at each salaried position, so I can def. appreciate how you can do that :) Thx for sharing man.
@Evan – In Euros, you can't even by the bottle it comes in! haha….but yeah, I totally get what you're saying. I do the same when I'm overseas.
@Investing Newbie – Hey, whatever works :) Mad respect to those who have a firm understanding.

]]> By: Investing Newbie https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-714 Wed, 24 Feb 2010 16:50:51 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-714 $5 draft beer Evan! Once you get into that bottled stuff, you are talking about $6 and up. And that's during Happy Hours.

I don't think I "price" money in any other currency than the dollar itself. I would like to say I think of how many Chipotle burritos I can get, but no, I think of how $8 is best invested in one delish burrito. Hmm, maybe I need something cooler than the dollar. I'll get back to you on that!

]]> By: Evan https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-712 Wed, 24 Feb 2010 15:16:24 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-712 This is the reason I actually don't under currency translations.

My unit of measurement is usually beer because I can price it pretty well. So if $5 buys a beer in NYC (maybe lol), what does that mean with the dollar equals X Euros. Can I still buy that beer?

I am even confusing myself, so I hope I explained that well.

]]> By: Jim Juber https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-711 Wed, 24 Feb 2010 15:08:37 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-711 You want to know how I measure money? It goes back to when I was a kid in the mid to late 80's. I remember hearing grown folks talking about jobs that paid $15/hr. $15/hr, which roughly translates into 30k/yr, was the measuring stick of what was considered a really, really good paying job. That was my measure stick for many years. Even when I graduated from college in 1998, I wanted to at least make 30k at my first job.

Today, I think the new number is 20/hr starting out with the ability to reach 25/hr in a couple of years. Most of my friends who did not go to college seem to talk about these numbers.

I know, slightly off topic, but that was my measure stick for money.

]]> By: Indian Thoughts https://eliteedgemoney.com/how-do-you-measure-power-of-money/#comment-710 Wed, 24 Feb 2010 13:32:14 +0000 https://staging.eliteedgemoney.com/2010/02/how-do-you-measure-the-power-of-money/#comment-710 and it will serve one more purpose, down the line you will knwo effect of inflation on money. Then you can talk like, way back in 2010 one dollar could buy this and now I need 5 dollars for same. :)

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