3 dollars a day is $1,000 per year.
Actually, it's a little more than that.
$2.74 is $1,000 per year.
But call it $3, since it's easy to remember.
This is where small numbers add up.
If you buy $4 of bottled water a day, that's over a grand per year.
If you start cooking one meal, saving yourself $10 per day - that's around $3,000 per year.
$5 of coffee per day? Yeah, it adds up.
It's a good quick heuristic to put small expenses in perspective. Irregular medium/small expenses don't break your bank. The bank breakers are the big expenses and the regular expenses. Get those two better and your cash position improves quickly.
I have used that concept successfully do insurance sales. infact most industries use this concept to sell their products.
Edit: I gave up on financial goals in late 2011 after some huge financial and artistic wins... money shouldn't be taken too seriously. For the record, they were all basically on track, some were being massively exceeded, others were a bit behind schedule, but were all happening.
I set my next 10 years of financial goals on June 28th. That was exactly a month ago.
1 year - Critical Thinking [my first book] out. Blog income trickling. Some info products. Some freelancing. Something else, some X-Factor thing bringing in cash. Net monthly income positive. Health insurance. $50,000 in the bank. Expenses = income per month minimum.
3 years - 3 to 5 books out, many products out, blog income robust, some working on big exciting deals. $10,000 per month total, $5000 passive at least. First property owned. $300,000 in the bank.
5 years - 7-10 books out, many many products out, many passive income internet properties, working on big exciting things, $50,000 per month total, $40,000 passive at least. $1,000,000 in the bank.
Health and wealth. A lot of problems can be distilled into these two gigantic verticals. In the marketing world, there are thousands and thousands of different businesses that are positioned around these particular macro niches.
Most of us stress about one of these two...or if you're like the average person...both! One thing I've found to be very helpful is an exercise I call returning to reality.
It's a cold hard smack in the face if you're not where you want to be in these two areas, but as Peter Drucker says: