A Great Way to Save a Lot

A wise Chinese businessman once told me that before purchasing something, he considers the following: The minimum capital requirement to recover the amount he spent. Meaning, he has to know how much capital he needs to invest that will gain an amount equal to the amount he spent. For example, he wants to buy a nice watch worth Php 50,000. If he has a business where he gains 10% on his sales, then he has to shell out Php 500,000 (or Php 50,000 divided by 10%) in order to gain back his Php 50,000. Pretty large sum of money, right? … Continue reading A Great Way to Save a Lot

What a Bitcoin is and how it works

It’s already 2018 and if you’re still wondering what a bitcoin is and how its value fluctuates from time to time, here is a quick explanation: A Bitcoin is a decentralized, peer-to-peer, “cryptocurrency”, designed to allow online users process transactions through digital units of exchange. Bitcoin payments are processed through a private network of computers through a shared program. Following are the pros and cons of using bitcoins: Pros:  1. User Anonymity – Bitcoin purchases are considered discrete. Transactions by holders are never associated to his personal identity. 2. No third party interruptions – Banks and other financial intermediaries have … Continue reading What a Bitcoin is and how it works