WHAT IS MONEY ?
Understanding brings outstanding. Watch every champion in
any area of life, that fellow has a working understanding of that field. Life
is never mystical. There is no mountain anywhere. Every man’s ignorance is his
mountain. Accurate understanding is the starting
point of success in any area of human endeavour. My question today is what is
money? If you can clearly understand
what money is, your financial liberty has already begun.
It is pertinent to state clearly here that those coins,
paper or note we hold in our wallet are “not the real money”. They are just a
representation of what we call money. Please follow my argument; it will change
your views about money, and when you know what the real money is and where to
find it, your financial worries will be a thing of the past, your lost dignity
as a result of lack and wants will be restored and you will live a more
dignified and glorified life, you can be rest assured.
Money is powerful; I always tell people around me that after
your God, the next thing is money. That does not mean your family is not
important but let’s see the kind of family you will have when you can not
attend to their basic needs. You will lose all regards and decorum that is
accorded a father.
Based on my experience as a business owner,as long as you
can pay your staff their salary, you get all the respect and honour as the boss.
But when you can’t pay, they will insult you. I have seen where employees hold
the MD/CEO by his shirt and mess him up
because of outstanding salary.
Friends, money is good!
Money is not the root of all evil, it is the love (obsession) of money
that is the root of all evil, (I Tim 6.10)
money is not the root of all evil, it is the lack of money
that is the root of all evil.
If money were truly the root of all evil, God will not
promise you financial prosperity as a reward for obedience to his commands.(
Isaiah 1.19).
If money were the root of all evil, God will not promise you
“blessing, plenty and abundance” as a reward for obeying his words. (Deut 28.11-12).
If money were truly
the root of evil, God will not promise you provision for seeking him and his
kingdom (matt 6.31-33).
In fact to show you the primary place of money in family
life, Paul the apostle said if a man cannot provide for his family and especially
for those in his own house, he has denied the faith and is worse than an
infidel (1Tim 5.8). money is good!
Having said all these about money, so what is money? Money
is a measure of value. Money is simply a reward for providing solution.
Money is a medium of
exchange of value. So, with these, you can tell how and where to get money.
Money as a measure of
Value
The trade by barter system was not effective due to the
problems caused by double coincidence of wants, this gave way to a more efficient monetary system that makes it possible to
measure economic value with given agreed standards. So, it is not the size of
what you do that determines the amount of money you get. It is essentially the
value that is attached to what you do that determines the size of money you get.
Again, it is not the size of what you sell that determines the size of the
money you will get; it is the value attached to what you sell that determines
the amount of money you will get.
Money as a medium of
exchange of value
In my audio CD titled “Becoming a Value adding employee” I said the
market place is an objective platform, you are valued based on what you bring
to the market. What you bring to the platform is the primary factor that
determines your success, other factors are secondary.”
The market place is a place of exchange of value; I give you
what I have to get what you have. The world of commerce works around this
principle. There is no sentiment there, until you bring value, you will never
get anything valuable.
Money as a reward for
providing solution
One of my greatest role models in the motivation business is Brian Tracy. He
said the only radio station that everybody listens to is WI FM- meaning -what Is In It For Me? Every prize, has a price. Money is a
reward for providing solution to given challenges. So the greater the value
attached to the solutions you provide the more money you have.
So, how can I get money?
Money is hidden in people, until you can offer goods or
services for people you will never get anything valuable from them. Friends and
loved ones may give you something even when you offer nothing, but how long
will you be at their mercy. How long will you beg for money. The only thing
that gives you dignity is the value you bring.
Stop begging! , it not dignifying. Stop begging!!, it’s not
the original plan of God for any man, stop begging!!!, it erodes your
personality.
Think value. Think about what you do that people can pay
for. Think about services you can offer that people will pay for. Think about
ideas you can come up with that people will pay for.
Let me give you
some secrets
Secret 1
If you want to make a million naira today, the first
questions you should ask yourself are:
Who are my target audience?
What do they like?
What can they pay
for?
How much can they afford to pay without stress?
Then what product or service can I sell to them at a profit?
Once you can answer
these questions you are already a millionaire.
The secret is in numbers. Target a niche market with large
numbers of people then design a product or service that they can pay for
without much stress.
If it costs me 200 naira each to produce a book that I can
sell for 400 naira, that means I make 200 naira profit on each sales. My focus
now will be what strategy can I put in place to ensure that at least I sell
5,000 copies. This is not hard at all. The rich know this secret and they trade
with it. Friends, there is nothing like sudden wealth. Enduring wealth is built
overtime. It comes in trickles. Step by step , few thousands here today, few
thousands there tomorrow, before the year ends you already have millions
sitting in your account. This is not theory, I have been trading with this
secret for years , it works. This fact is no respecter of any nation. It will
work even in America, Togo, India anywhere!
Secret 2
Again, If you want to make One Million Naira today, how many
rich people do you know? Can you get up to 10 relatively rich guys May be in
church, mosque, neighbourhood etc. Think Value, people respect people who give
value. What can you do for them that they will be willing to pay 100,000 naira
each? Think hard, you will locate it. It’s not as hard as you think.
Let me make it easy for you. Nobody stores money just
because they like paper or coins.
What people like is the value that those paper and coins
bring. They like the comfort and convenience that those paper and coins can
give them. They like the ego, self worth, respect, security, warmth, confidence,
depth, candor, knowledge, recognition, good looks etc that those papers and
coins can give them. It goes on and on. Do you get my drift? So think around
all these needs and you will definitely see what they can pay for. Start
training your mind to recognize all these areas that can quickly enrich you.
You can never rise beyond the level of your knowledge. Your depth determines
your height. You wealth building capacity determines the size of your wealth.
so, enlarge your capacity today read good books that will
change your destiny.
Secret 3
If you want to make some good money today, find anything
that many people spend money on. Then take a sizeable response of people who
spend on that thing, ask them why they spend on it. Now if you can add a little
more value to that thing without increasing the price, before competition wakes
up, you will have made millions. You don’t need to re-invent the wheels,
leverage on what you already have on ground. It will save you a whole lot of
headache. Let me share this true life story with you. Two leading eateries in
Nigeria were in serious competition years ago. In my opinion one was smarter
than the other because they don’t spend anything to research on where to locate
their facility. What they simply did was to check out anywhere their competitor opens new branch. They just locate
go around that vicinity to set up new branch and it worked. So, find what
people spend money on, add little more value on it and roll it out. You will
make it.
Money seed grows on
money trees. All you need is the farmers’ mentality. Plant today, locate the
idea, and check out the numbers involved, how much will it cost you? How many
units do you need to sell to break even, how many units do you need to sell to
make profit, if it’s not profitable it’s not a good business.
Friends, the secret revolves round value. Start thinking
value; start learning skills, develop your mind to be able to create value.
Only value creators enjoy financial dignity. The rule is clear, give me value
and I will pay you. Remember, it’s a commercial system, what you bring is what
determines what you get. Prayer and fasting can only speed up the process. Breakthrough
or Anointing service, fasting and prayer can never be a substitute to the rule;
they only act as catalysts which speed up the effect.
Have a great day.
This is Busayo Ogunmade
Busayo Ogunmade speaks, trains and consult for Individuals
and organizations – you can reach him on 08034101694.