Opinion
How heavy is P100 Million?

Written by Liza Gaspar, CPA posted in Ilocos Sentinel on Monday, January 28th, 2013

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I rarely read news. Why should I or anyone for that matter when most of them are so negative? I am very selective on the things I read, and I find local news, well most of them, depressing. Don’t you too?
However, this particular bad news caught my attention. All news, whether it’s good or bad, with money associated with it I read. This one has P100 million though some newspapers mentioned there was actually P300 million, the rest in gold, involved.

Show Me the Money
If you’re wondering what news I am talking about it was the shoot out in Atimonan, Quezon.
Wasn’t it amazing that amidst all those cold bodies the prominent question is where did the case full of money and gold go? When did we put lives before money? That’s another topic altogether and one which has deep personal implications for each of us, and one I am not ready to discuss here.
What this article is all about is my curiosity. How heavy is P100 million?
I don’t have P1,000 on hand, but even if I do, I don’t have a weighing scale delicate enough to measure something which weighs so little. So I had my fingers do the research. Here’s what I got.
A single P500 bill weighs 0.9672 gram. I assume that a P1,000 bill weighs about the same. Let’s do the math. There are 1 million P1,000 bills in a P100 million. P1,000 x 1 million x 0.9672 gram / 1,000 grams in a kilo = 96.72 kilos
That must have been a very large briefcase. Its contents weigh more than twice as I do.
Clearly, if there was P100 million inside that bullet-riddled car, it didn’t walk away by itself.

How
As advocates of financial independence, we shouldn’t concern ourselves with where that particular P100 million went. The question is “How can I earn P100 million in 5 years (it’s better to be specific when we think or write our goals)?” This question opens an exciting world that is so different from where you or I are in right now. That is if you don’t have P100 million yet.
How so? If you and I don’t have P100 million in total net worth yet, then we are living and working in a world where having that much is impossible. It also means that probably our mentality is not programmed to have that much.
I’ve been reading books on the habits of successful people and I find them very insightful. What is more important is that I now know what habits to develop if I want to be successful – being a millionaire many times over will just be a by-product of attaining my goals, of being the person that I want to be.
I will continue talking about these habits and books in The Girl Ninja.You can email me for more details or to ask for recommendation on what book you should read next.
***
Interesting Money Facts. Do you have a spare US $7 to spend on a cup of coffee. Though you better double that because if you do, I am coming with you.

Starbucks, my favorite coffee shop, began selling a 7-dollar coffee last November. It is made from Costa Rica Finca Palmilera, a hard-to-grow bean also called “Geisha”. It’s not yet available in the Philippines though.
To put this cup of coffee into context, at my local coffee beanery, that’s Farmer’s Market to us, a kilo of hazelnut flavored ground, local coffee bean is P600. It tastes as good as a Strarbucks-brewed coffee. That means with US $7 I can buy half a kilo of local coffee which can last me for about three months!

Liza Gaspar, CPA
Entrepreneur.
Consultant.
Researcher.
Writer.Blogger
“Life is great”
Personal Finance Enthusiast
Columnist, The Girl Ninja, SunStar People’s Courier
Columnist, The Girl Ninja, Ilocos Sentinel
Visit my website at www.thegirlninja.com
Join me on Facebook www.facebook.com/TheGirlNinja
www.facebook.com/annalizagaspar
Member, Gerry Roxas Leadership Awardees, Inc.
Member, Rotary Club of Makati McKinley, RI District 3830

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