Top 10 Things You Didn’t Know About Money


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patayersz's avatarKnowledge Speaks

1. The Largest Banknote

Top 10: Facts about Paper Money

Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created by the government of the Philippines in 1998. Designed to celebrate a century of independence from Spanish rule, the note was offered only to collectors, who could purchase one of the limited-edition notes for 180,000 pesos, or about $3,700.

2. One in a Million

Top 10: Facts about Paper Money

The largest banknote ever issued by the Bank of England was the £1,000,000 note, issued in 1948 as a temporary measure during the postwar reconstruction in the Marshall Plan. Designed for use by the U.S. government only, the notes were canceled after just a few months, allowing very few to escape into private hands. But just because the notes are out of service doesn’t mean they’re valueless — in 2008, one of two known surviving notes fetched almost $120,000 at…

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Billionaire’s 10 Keys To Success


wealthymatters1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.

2. Always be true to yourself.Figure out what your values are and live by them, in business and in life.

3.Think about what your definition of success really is. Is it externally driven or internally driven?

4. Rather than focus on work-life separation, focus on work-life integration. Read more of this post

All About Money


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The last couple of days I’ve been watching the sort of movies that challenged me to think about money theoretically.So to brush up on stuff I last had to deal with some 15 years ago I’ve been surfing the net for the sort of stuff found in basic economics books.In case you too need a small revision or you are totally new to economics here’s a chance to catch up.

BTW I’ve tried to make the whole experience as un lecture like as I can.Enjoy!

Definition : What is Money?

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.

Examples of Money:Cowrie shells,beads,metal coins,paper money,electronic money etc.

Since money involves so many things it is identified by the functions it performs.Any kind of object or secure verifiable record that fulfills these functions can serve as money. Read more of this post

Money as Debt – Promises Unleashed


wealthymatters.com‘Money as Debt-Promises Unleashed’ – I watched this documentary last night.It is made by the same person who made ‘Money as Debt’.Here is more about it :https://wealthymatters.com/2011/09/03/money-as-debt-paul-grignon/

This documentary too is worth watching.Personally I found that it challenged my mind to stretch just a bit more to understand the supply of money. Honestly,I think I’d have to watch the movie a couple more times to take in all the implications of the arguments that Paul Grignon makes.The documentary did change my way about thinking about my bank deposits and it managed to convince me that indiscriminate money creation by banks and other financial institutions leads to many systemic problems.But at the same time I’m not able to buy the argument of the earth being unable to support infinite growth.It’s too Malthusian for my tastes.And I believe too much in the ingenuity of man and the abilities of science to accept that the world’s resources are so limited.Admittedly,man may devastate the earth in the short run and pay the price for it but mankind will also learn its lessons well and come up with the right solutions.I also find it hard to see compound interest,investing and modern financial transactions as an unmitigated evil.I believe that every financier is not a gambler. Read more of this post

Brian Tracy’s Laws of Money


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Here are  Brian Tracy’s ’21 Laws of Money’.I find them a pretty powerful set of beliefs to have about money.

1. The Law of Cause and Effect: Everything happens for a reason; there is a cause for every effect.

2. The Law of Belief: Whatever you truly believe, with feeling, becomes your reality.

3. The Law of Expectations: Whatever you expect, with confidence, becomes your own self-fulfilling prophecy.

4. The Law of Attraction: You are a living magnet; you invariably attract into your life the people, situations and circumstances that are in harmony with your dominant thoughts. Read more of this post