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What is Compound Interest?

Many of us do not understand or we take too lightly the enormous power of compound interest. Because we lack this understanding of its value in wealth building, it is one of the reasons why most of us are impatient and not motivated to save.
Investopedia explains that compound interest is interest that accrues on the initial principal and the accumulated interest of a principal deposit, loan or debt. Compounding of interest allows a principal amount to grow at a faster rate than simple interest, which is calculated as a percentage of only the principal amount. It is defined simply as interest earned on interest.
To illustrate, let us have this example:

You have a P20,000 investment that earns 10% interest every year. Find the compound amount and compound interest on the principal P20,000 invested at 10% annually for 10 years.


Those who are not familiar with compounding will compute it this way:
Interest for 1 year ----------- P20,000 x 10% = P2,000 Interest for 10 years --------- P2,000 …

The E-Kawayan Technology

Bamboo is a plant known for its many uses. It has become the best substitute for wood in the furniture, handicraft, and construction industries, not withstanding other benefits as a source of food, biofuel, and for environmental protection. In the Philippines, natural bamboo stands are luxuriantly growing along farm boundaries, roadsides, riverbanks, backyards, and hilly areas. There are about 65 known species of bamboo found in the country but the most commercially exploited species is Bambusa bluemeana Shultez locally known as kawayan-tinik.

Kawayan is a general term for all species of bamboo in the Philippines. It regenerates fast, hence, can be harvested in three years. One mother pole can reproduce more than one shoot. It is the best substitute for wood because its strength properties are comparable with mahogany and other medium hardwood species. Likewise, bamboo and its related industries have provided income, food, and housing to over 2.2 billion people worldwide. In 2000, bamb…

How to Start a Glass Recycling Business

Glass never wears out -- it can be recycled over and over again. Most bottles and jars contain at least 25% recycled glass. This article will show you how to start a glass recycling business.

For every business there is always the planning stage. Know the business fully well. Invest in trainings, buy books, and talk to people who know this industry better than you.Know your options and most especially do you have enough funds for this kind of business. If you think that you do then I don’t think that you can not succeed in this kind of business venture.There is a saying that there is money from wastes. This is so true. Empty glass or jars are categorized as trash and recycling glass is one profitable business venture you may to try to invest in. You can start by recycling glass bottles or jars.

Glass bottles are classified as non biodegradable so it will stay in its present condition for millions of years in the landfills. Instead of throwing them where it will just take so …

World Food Expo Free Seminars

One of the country's largest and most comprehensive industry events, the World Food Expo 2011 (WOFEX) slated from August 3 to 6 at the World Trade Center and SMX Convention, will offer free demonstrations and seminars for the aspiring food entrepreneur.On its 11th year, WOFEX continues to showcase the best in the food industry with its combination of established companies and sampling of the latest technology and products.Free seminars include lessons in cake decorating, food safety and marketing innovations to name a few. There are also seminars charging a fee for those wanting to go into the food business like lessons on how to be a canteen concessionaire. Seats are limited and are on a first-come, first-serve basis.For the full list of seminars and venues, check out the WOFEX events page here.source: http://entrepreneur.com.ph; photo: http://filsites.com/wofex-11/index.htm

BPI 24/7 Online Banking

I've been doing electronic payment with BPI for quite sometime and they really provide great service esp for people who has no time falling in line on long queues just to pay bills. With just a few clicks, I do banking transactions instantly without the need to travel unlike before. I also find their employees really friendly and professional (unlike other employees from other banks). Anyway, this is about online banking so I'll just stick with the topic :)

Here are the things you can do with BPI online banking:
View real-time balances of your Deposits, Consumer Loans, Credit Cards, Investments and Express Cash Accounts.

Transfer funds between your own deposit accounts enrolled in BPI Express Online and to the accounts of your family members, relatives and friends.

Pay your utilities, loans, insurance, ISPs, country club fees and a host of other bills online.

Reload your own or…

Scrap Price (July 2011)

Buying Price of Big Junkshops in La Union as of July 06, 2011:
Karton- P6.00/kilo
Newspaper - P4.00/kilo
White paper - P11.00/kilo
Waste paper - P2.25/kiloBakal - P18.00/kiloLata - P8.00/kilo
Tapa - P15/kilo
Yero - P11.75/kilo

Domain Portfolio

According to Bill Gates, domain is an internet "real estate". Just like its traditional meaning, their value tends to go up. Setting up domain names is relatively easy. I started last June 2009 and I was able to sell some of them.

I have 3 minisites and 2 parked domain names and they are all for sale. Yesterday, I received an offer for junkshopbusiness.com. I get a lot of traffic from this site and so far, it is my highest-earning domain (thru google adsense). I wish I could post updated scrap prices to attract more visitors.

Anyway, here's my list:

JunkshopBusiness.com - minisite with logo and contents
Creation Date: July 29, 2009
Expiry Date: July 29, 2011
Registrar: Name.com

Bekimon.com - minisite with contents
Creation Date: July 31, 2010
Expiry Date: July 31, 2011
Registrar: Internet.bs

LetsPrettify.com - minisite with logo and contents
Creation Date: July 17, 2010
Expiry Date: July 17, 2011
Registrar: Internet.bs

PokersClub.net - online poker
Creation date: June 26, 2009
Expiry …

Ube-Macapuno Salad

I'm going to try this simple ube-macapuno salad next week (I hope). I still have this persistent cough for over a week and the doctor advised to stay away from sweets and cold drinks for the mean time.

Ingredients:
1 cup ube jam 1 pack instant gulaman 1/4 cup (300ml) Alaska condensed milk 1 cup water 1 cup macapuno preserve 1/3 cup toasted pinipig remaining Alaska condensed milk 1 pack Alaska Crema
Procedure:

To make the ube gulaman cubes, place ube jam, Alaska condensada, gulaman powder and water in a pan. Cook over low heat until gulaman is totally dissolved. Pour in a rectangular mold and let it set. Cut into cubes.

In a bowl, blend Alaska condensada and Alaska crema. Toss in ube gulaman cubes and pinipig. Chill until ready to serve.

Serves 8.

Scrubs for Women

Five years ago, I took up a short-term course in Medical Transcription. Our instructor was great and I enjoyed every activity we had. On our second month, we were required to wear scrubs and I was very excited to have one. I always admired people with medical training wearing scrub suits. They really look neat! Aside from that, scrubs are loose-fitting, comfortable clothes. It's like wearing your pajamas while working!

I bought mine at a local store. The designs were very limited though. I didn't have other options. That time I didn't know that cheap scrubs could also be bought online. We were lucky to have our on-the-job training at one of the clinics nearby. They impose color-coded scrubs on their employees/volunteers to differentiate positions. We were wearing maroon scrubs though I'd prefer pink scrubs for women like the photo posted above.

Anyway, if you are working at a doctor's office or hospital , you may want to check scrubs for women here, http://www.blues…

My Pimple Cure

Not everything works for everybody but I just want to share what I discovered lately. I found a natural, inexpensive and effective way to treat my pimples --> Apple Cider Vinegar (acv). It gets rid of redness and dries up pimples really quick!

Here's what I do:
Wash face then dab the pimple with acv (yes, I use pure acv since I have very oily skin). Pretty harsh huh! It might sting a bit, just be careful on how long you hold this to your pimple because it will dry out your skin. I usually let it stay for 2 minutes. If you have dry skin then I think it would be better to mix it with water. Rinse. Then moisturize. :)

LC shares

This morning I bought a few shares of Lepanto Mining (LC) at P0.74/share but sold it too early at P0.79...tsk tsk tsk. It closed at P0.81! I ended up buying again at that price :D

Last Thursday, May 5, the PSE announced that PX acquired 5% interest in LC/LCB at P0.66/share. According to Mr. Gus Cosio, LC/LCB had the richest mineral reserves among Philippine mining companies and Gold Fields was very serious in their quest to see if the reserves were in fact a bankable mining project.

I remember last June 2009, I think it was trading at P0.21/share. Could this become the next PX? Let's wait and see.

Some say there's much more money to be made in mining stocks than bullion.

With that said, I will try to be an investor on this particular stock, not a trader. Kaya? hehehe :))

Inabel Blankets

Handloom abel weaving is a process where thread that makes up the warp and weft are interwoven in an upright wooden handloom (pag-ablan) by one or two weavers. Ilocano blankets or Ilocos blankets (also called inabel) are made from yarns of cotton, polyester, acrylic and rayon. The different colored yarns are arranged in a wooden handloom (pag-ablan) to create varied and unique designs. The process is intricate and labor-intensive so weavers must master synchronizing the movements of their hands and feet to properly use the wooden handloom.

Not many people know that the century-old tradition of weaving wider Ilocano handloom-woven blankets is produced in Bangar, a sleepy town in La Union (Northern Philippines). For many years, our town has been the main producer and supplier of these inabel blankets and has been known to be the weaving center of Ilocandia. Wholesalers from other regions come to our town and buy these handwoven pieces.

With the ready availability of cheap machin…

5 traits of a successful lifestyle-product exporter

Filipino design has received acclaim and accolade all over the world. Each year more local designers and entrepreneurs are looking at the export market. But what does it take for a neophyte in the home and fashion lifestyle export sector to make it big?

Rosvi C. Gaetos, executive director of the Center for International Trade Expositions and Missions, shares the secret traits of successful global entrepreneurs.
Passionate. "Do not lose steam. A lot of new designer entrepreneurs who venture into the export market easily lose hope when they face challenges, a little bump here and they opt to close down. You will only survive if you have the passion to push through for your dreams even when times are rough."Creative. "It is a very competitive industry and the competitive edge of Philippine design is the creativity. A lot of successful designers would think out of the box. Creativity plays an important role in the success of the business."Innovative. "This industry …