Hello Brilliant and Excellent
Ones,
This week, I like us to
discuss Value for Money (VFM). Growing up as a kid a long time ago, I
remembered taking from my Uncle's bag some foreign currency while he was
relocating to the United States. I have a better understanding now the value
of the money to him at that time which the value to me then is just to buy
games and hang out with friends.
Also, some couple of
months ago, I gave a particular beggar some alms and after 5 minutes, I walked
down the same street and he still begged me for alms. I kept asking myself; He may not have recognized
me, He may have thought I have more to give him or that was his profession.
However, I came to
conclusion that the value of the money I gave him meant different value to both
of us.
While I was pondering over
these, I thought about the days of Barter where goods or services are directly
exchanged for other goods or services without using a medium of exchange. Immediately
I wondered how many cows or jewelries would have been kept in the Ikoyi
building where a lot of money was recovered lately in my country Nigeria.
Good value for money is
the most desirable possible given expressed or implied restrictions or
constraints use of resources to achieve the intended outcomes.
VALUE FOR MONEY is in the
perception of the buyer or receiver of goods and/or services. Proof of good
value for money is in believing or concluding that the goods/services received
was worth the price paid. Examples of the types of factors that may be
considered are suitability, quality, skills, price, whole of life costs and
other criteria. The mix of these and other factors and the relevant importance
of each will vary on a case by case basis.
One of my mentors told me while I was
growing that we are not here in the world to pay bills but there is a higher
purpose. The earlier we discover this purpose, we then learn the right value of
money at every given time. This then controls our decisions and exchange of
money for other purpose. We will learn to exchange for more Brilliant,
Purposeful and Excellent things.
It’s not too late to shift our focus
to our higher purpose and starve other distractions.
Contact the BPE team today for more
practical tips on Brilliance, Purpose and Excellent.
Ref:
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