How Big Is One Million Pesos?
This article is posted under Life Lessons, Mindsetting.How big is one million pesos? What I mean is physically, can you visualize how much one million pesos would be?
I was tinkering with my one million peso calculator last night when a thought suddenly came to me – if someone gave me a million pesos today, how would I bring it to the bank?
Instantly, I imagine myself holding a briefcase containing all that money walking through the doors of the bank.
I’d put the briefcase on the counter and say to the teller, “I’d like to deposit one million pesos to my account please.”
Nice huh? Just like in the movies…
But before I could continue with my thoughts, I suddenly remembered that not so long ago – a friend of mine sold his car. The next day, I accompanied him to the bank to deposit the payment.
After the transaction, I asked him, “Why didn’t you deposit everything?”
“What do you mean?” he replied. “I deposited everything – all P400,000 – see?” he said as he showed me his deposit slip. “Those 3 white letter envelopes I had in my hand was everything.”
That memory made me realize that my earlier “briefcase scenario” could possibly be not so “cool” after all. Imagine proudly opening the briefcase to the teller, then you showing an almost empty briefcase with nothing inside but 8 white envelopes. A bit embarrassing I would say (and comes as almost melodramatic).
Restless with my thoughts, I went to my brother who was currently counting his eLoad Business sales for the week. I borrowed 100 pcs of paper bills and did a little experiment.
Shown above is a bundle of 100 pcs of Philippine Peso bills. No, they’re not all P1,000. But if they were, that would easily sum up to P100,000.
And how big is that bundle exactly? I took a ruler and measured it.
So a Philippine Peso bill is approximately 16 cms in length and 7 cms in depth. The height (thickness) of the bundle is approximately 1 centimeter.
So P1,000,000 would approximately be 1,120 cubic centimeters in volume or just the size of a medium food Styrofoam packaging, which is approximately 15 cms x 13 cms x 6 cms (inside measurements).
So why am I telling you all this?
I guess it’s my own way of saying that one million pesos is not that much money after all (well, at least physically).
Which is good because as far as the Law of Attraction goes, you can just grab that fast food Styrofoam that contained your lunch today, close your eyes and say to yourself, “I am a millionaire.”
Get more posts like this by subscribing to Ready To Be Rich.
What To Read Next
Become A Millionaire Using The Doubling MethodI was waiting in line at the bank the other day when a thought came into my mind. How fast can one peso turn into a million through doubling? Yes, the geek in me came out and I decided to while away the time doing some mental math. And so I counted each step: 1, 2,...
Picky Piggy Bank
Back in college, I remember my roommate telling me about his habit of collecting 5-peso coins. He would empty his piggy bank every month and show me his savings. I was always surprised to see how much he was able to accumulate at such a short period of time. I asked him one time what...
Achieving Financial Freedom and Mobility
Why do I want to achieve financial freedom? It’s not because I want to live a super swank life with all the “bling” I can afford. But as I’ve said in my life story – it’s because I simply wanted more TIME for myself and to do the things I love. And this is a passion that I...
Hi, my name is Fitz and this is my blog on personal finance.
Wow! 1M in just one styrofoam luchbox! I never thought of that!
astig fitz! i super like this post. i have always wondered myself how thick is a million. and when you measure it, you’ll realize it’s not as big as you imagine it to be. it’ll be hundred millions na para mapuno ang briefcase.
fun post! ahahaha! actually I’ve held P1M and distributed it in less than 1 hour I have a photo kaso I don’t want to post baka makidnap pa ako lolz
That’s how my blog “Millionaire Acts” was born – through the Law of Attraction.
Nice post Fitz!
Hmmm… that made me think you are literally already a “millionaire” Fitz! Am I right? Hehe…
I really can save a million pesos now that I know what it looks like
yun briefcase pang deal or no deal lang yun. malimit din ako sa bank non araw kasi collector ang job ko. kaso puro checks.ahehe. kumporme siguro yan sa denomination, kung 1M na piso e kulang 2 balde.ahehe
but, it’d be a great feeling to know that you’ve made (as opposed to earned) your first million! can’t wait! ahahaha…
Hahah. That was fun Fitz! I bet, you had lots of fun writing this post.
hahahaha! ok tong article mo ah.. Kasyang kasaya pala yung 1M sa loob ng maliit kong sling bag. hehe
may naalala ako sa artikulo mo pre…yung kay erap…di ba nagkakatalo dati sila sa pera na galing sa jueteng? yung pinambayad daw kay erap..tapos may nagbubuhat na tao…may nagbanggit ng dami ng pera…pero kung isang milyon na ang isang medium na styrofoam at suitcase daw ang binitbit na pera kay erap…hindi lang mani yung perang pinangbayad sa kanya…Baka limpak na salapi yun!
nice one! i thought of that too before but was lazy to do it. Thanks for this visual, now i know.
Wow! Sana makapulot ako ng styro box na may lamang 1 million pesos, wahahah!
By the way, nice meeting you last night Fritz, though I guess lady luck ran scarce on our palms, kasi hindi kami napag-uwi nila bloggista ng 1 million sa paglalaro, eheheh!
Ang galing ng concept Fitz!
I remember during my internship with Union Bank, way way back (haha). The bank was having trouble supplying coins to its big clients like fast food restaurants and they asked me to look into coin management and find possible coin sources besides the BSP. Anyway, I suggested the PUJs and jueteng. Back then, they were weighing coins instead of counting them to determine amount. Imagine how heavy 1 million pesos is in 1 peso coins! Haha! Isang drum siguro?
This is such a cool post. It’s not that much after all…
But it will be big if you invest it right, eh?
GM T
If the styro lunch box can accommodate the 1M peso bills, so pwede na palang ipasok sa six pockets na pantalon ang ganung halaga… heheheh
very creative posting, akala ko payouts mo galing sa Adsense at affiliates…
Funny and creative post! hehe nag-enjoy ako ah. Thanks for the insights!
Wow, so many replies. Thanks everyone!
@Kevin – yeah, konti lang noh?
@rors – I’m glad you liked this post, I guess naunahan kita mag-sukat ng pera. Hehe.
@earth – distributed P1M in less than an hour? anong ginawa mo dun? charity work or something?
@Tyrone – nope, my net worth says that I’m not a millionaire yet; but definitely working on it
@Dinah – yeah, but I think it would be really hard for me to save a million pesos because personally, I’d be tempted to invest the money once it’s around P300k.
@itot – wah, iba naman yun eh! hehe.
@Gugol – yeah, of course, the feeling would be really different, balato ha when you’ve made your first million
@Mighty – yes I had real fun, and actually, this was a post born out of boredom
@Jehz – as if you don’t know, di ba lagi kang may baon na P1M dun sa sling bag mo?
@Raymund – that’s right, and it’s quite improbably that the money he had were just P20 bills
@ana – no problem
@elmot – nice meeting you too that night, hope to see you more in blogger events
@Rina – haha, sige, next project yan, one million peso coins… wah!
@GM Tristan – oh definitely, it would be much bigger in due time if you invest it
@ariston – yes, kasya ang P1M sa pantalon mo, but it would be a bit bulky, by the way, peso it eh, dollars ang payout ko sa Adsense and affiliates ko
hehe.
@Lee – no problem, I’m glad you enjoyed the post
OA naman pala yung mga palabas sa TV. thanks PAPA Fitz sa post. ngayon every time kakain ako sa styro eh mamalala ko tong post mong ito… ahihihih.. very informative.. share ko sa mga friends ko yan. ahihihih..
*araw araw na lang kaya ako kumain sa styro para masabi kong “I’m a Millionaire” ahihihihi..
very big!!!!!
Wow..that’s crazy but it certainly puts things in perspective! well done!
1 million pesos, Thats funny YOUR funny. talk about not being a millionaire . The papers more then the mark
wow. great post. i enjoyed reading it. hehehe. how i wish makapulot ako ng stryo na may 1M too.