Have you ever wondered what your Philippine banknote or perang papel is made of?
The truth is that it’s not just paper. It’s not just ordinary sinulid or some gold dusts. Our local banknotes are mostly made of cotton and 20% abaca.
In case you don’t know what abaca is, take a look at the photo below of abaca trees and abaca fiber being dried. Continue reading The People Who Grew “Money” Have No Money At All
We have been teaching about saving money. We have been teaching about growing them in investment placements such as the stock market or in businesses. We have been teaching about setting goals for our future. But is stacking up wealth the ultimate and only thing in life that we need to do?
In the Parable of the Talents, there were three servants who were entusted by their masters with “talents”. The first servant was given five talents; the second one with two talents, and the third one with one talent.
For those who are wondering what those “talents” mean in the Bible, this is not about the physical gifts or skills such as singing, dancing, playing basketball, being good in math, et. al. The word talent here pertains to the unit of measurement used for weighing precious metals such as silver or gold. It is also a unit of currency used for computing a laborer’s wage. One talent is equivalent to 6,000 denarii or equivalent to twenty years of work of an ordinary laborer. Continue reading Does God Look At Your Numbers?
First of all, Warren’s last name is pronounced as ‘Buh-phet’. As in Bah-fet. Not “Booh-fay”. Got it?
Now, who is Warren Buffet?
Warren is an American business mogul, investor and philanthropist. He is considered as the most successful investor of the 20th century. He is also the chairman, CEO and largest shareholder of Berkshire Hathaway (a holding company that owns Dairy Queen, Fruit of the Loom, etc. and partially Coca-Cola, American Express, and IBM).
Recently, he bought battery legend Duracell in exchange of about $4billion worth ff Procter and Gamble shares that he held for quite sometime. He is consistently ranked among the world’s wealthiest people and was even named in 2012 by Time magazine as one of the world’s most influential people. Continue reading What is Warren Buffet’s Golden Rule in Investing?