You have never known the limitations you must have faced during Naira depreciation but I strongly believe that this information will help you benefit from this devaluation of the Nigerian currency. As a single man or couple, this information will guide you in investments and as well help you build a financial free life.

1. You and Your Money
Hamilton Singles Resource Center
Evergreen R. Victor

2. When money ceases to function properly.
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I have decided to develop these thoughts so as
to help the single couples and community
understand money and appreciate how it
functions.
So many families today experience total
decadence and financial impediments due to
the inadequate information they have in
relation to the purpose of money, the why of
money, the how of money and the when of
money.

3. When money ceases to function properly.
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Lets see some of the most important points
that will help us understand the ins and outs of
money. So that we can be able to reposition
our financial life and as well future.

4. What is Money
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Money is a good that acts as a medium of
exchange in transactions. Classically it is said
that money acts as a unit of account, a store of
value, and a medium of exchange.

5. What is Money
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Most people don't spend much time wondering
what money is, their major concern is how
much they have, and how to get more.
Usually, the question of what money IS arises
only when money ceases to function properly.

6. When money ceases to function properly.
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While we wonder why we experience decline
in the proper functioning of our individual
Naira note, many don’t wonder why the
decline. This decline occur as a result of what
I choose to call value depreciation
Why the depreciation?
Depreciation of money is brought about by a
decline in the price of a particular currency
(dollars) in terms of other currencies thereby
lowering the foreign exchange value of the
first currency.

7. When money ceases to function properly.
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For instance, as we see in the depreciation of
the Nigerian currency; once there occur any
depreciation in the dollar value, it will
automatically affect the naira and thereby
leading to Naira note devaluation or
depreciation.

8. When money ceases to function properly.
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Depreciation occurs when something loses
value over time. Depreciation can result from
a variety of factors, such as aging, wear and
market conditions, and can affect many
items, such as cars, homes and even currency.
Asset depreciation decreases the prices of
assets, while currency depreciation can
increase the price of certain goods.

9. When money ceases to function properly.
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Currency depreciation occurs when a currency
declines in value with respect to other world
currencies. For instance, if the U.S. dollar
buys fewer Nigerian naira this year than last
year, the dollar has depreciated versus the
naira. When a currency depreciates, it
increases the price of imports for the country
that uses the depreciating currency. For
instance, if the dollar depreciates, it costs
more to import goods from Nigeria.

10. The Benefit of currency depreciation
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A wise man knows exactly what the effect of
depreciating paper is, and takes advantage of
it. He buys goods on credit, and holds them
until their prices rise, then sells them, and
pays off his debt with a part of the
proceeds, pocketing the balance as profits of
the operation. Of course great business
activity is thus produced.

11. The disadvantage of currency depreciation
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• …The manufacturer hires operatives at
present prices, well knowing that the goods
they produce will rise on his hands so as to
yield him a handsome profit. The operatives
receive their pay in depreciated Naira, and
are the real sufferers.

12. The disadvantage of currency depreciation
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• not only by making the rate of interest
high, but by making it almost impossible to
borrow money on any terms whatever.

13. The disadvantage of currency depreciation
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• When everything costs twice what it now
does, you must take twice as much money in
your pocket when you go on a journey or
make a purchase; and you would, from this
cause alone, find money just as scarce as
before. If your wife wants 1000 or 3000
thousand Naira every time she goes
shopping, you need a large pile of money.

14. The disadvantage of currency depreciation
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• But the principal reason as stated in slide
12, is that the constant rise in prices
stimulates borrowing. When a large number
of people are anxious to borrow all the
money that can be had, and willing to pay a
high rate of interest for it, money to borrow
must be scarce. When every one is anxious
to buy, and wants to borrow all the money
he can get to buy with, a competition must
send up the rate of interest.

15. The disadvantage of currency depreciation
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• When currency depreciates and remain at
their lowered rates, no man knows what
they will buy. The laborer will find, week
after week, that prices rise so fast, his wages
will buy less and less for his family. For
instance, you might need to go to the
shopping mall or market with dozens of
dollars to realize that you can only purchase
limited goods.

16. How depreciation affects you
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We can see that the purpose of depreciation is to
impede our financial freedom. Therefore, the
necessity to make some changes that will reposition
us and our families towards a financial free life
cannot be ignored.

17. How depreciation affects you
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Relating the above benefits and disadvantages of
depreciation, we have discover that choosing to buy
goods on credit during this periods can as well
attract high risk. (Remember, risk can be managed
or minimized but not averted). What if goods on
credit stays with you for too long? Or the goods
expires before dollar rises? Or maybe while you
were selling the goods, the dollar rises? You stand
the chance of loosing. Whatever be the case, it is
not advisable to buy on credit if you can’t play
safely and wisely. Therefore, for you to use this
style, you must be a good business spectator.

18. Who and what Money answers to
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I have on my own personal research developed this
idea to help us reposition our mind-sets; knowing
who and what money answers to.
Who:
Money answers to the one who has an in-depth
knowledge of what money is all about. This slide
does not promise to show you all that money offers
but is designed to give you certain guide lines to
important points about money and thus the need to
consult other materials shouldn’t be neglected.

19. Who and what Money answers to
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What:
I will tell you that money answers to innovative and
life-supporting ideas. If you are seeking wealth
from an existing business or idea that isn’t life
supporting i.e. that does not improve the quality of
living among human, forget about making money.
You cannot make money from a position of stress
and struggle. People misplace stress and struggle to
mean hard-work. Even though to make money, one
must be hard-working, yet does not respond to
unnecessary exertion of strength or energy.

20. Who and what Money answers to
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An example of a life supporting ideas or preferably
ideas that add value to others can be seen in what
I’m doing right now; preparing presentations that
will improve and add more value to you even
though you are not paying for them. Try and
imagine if I decide to sell a particular information
to you, because you know me for rendering
value, you will pay. The truth is that when am
invited to speak in a conference, I get my
paychecks. From here, let’s look at what we call
goods and services

21. Who and what Money answers to
Goods and Services:
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Goods:
Goods are simply any physical or tangible products
that can be seen and touched. Some goods are
quickly consumed and must be replaced by like or
similar products on a regular basis while some may
last for years or even decade and they that are
intended to satisfy consumers for extended periods
of time.

22. Who and what Money answers to
Goods and Services:
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Services:
Services are intangible (cannot be touched) support
that is provided to the consumer in some manner. A
physician provides healthcare support or services.
Telephone companies provide communication
services such as local calling ability, long distance
calling, and other features that enhance the
electronic communication process. Banks provide a
range of financial services to customers, ranging
from basic and checking accounts to investment
opportunities, and I offer relevant life changing
information.

23. Services, the pathway to financial freedom
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In conclusion:
The imparts or satisfactions gained in goods are
time based. That they are short or long term goods
doesn’t make it a life-supporting or a value adding
product. A product might be long lasting but if it
does not add value to you or to your consumers, it’s
a waste. In this context, goods are only purchased
while services are rendered. As a single
couple, offering goods will add some money into
your pocket but will never liberate you financially
except when there are added services to the existing
goods.

24. Who and what Money answers to
Goods and Services:
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Example:
If you sell perfumes, you might need to add an extra
services such as consultation channels where
customers can ask questions about their body
chemistry and which of the fragrance notes will be
suitable for them. You can also add extra customer
advice on how to use the different types of
perfume, which one is suitable for hot afternoons
and cool evenings. These are services that can add
more of the naira or dollar bills into your pocket.

25. Who and what Money answers to
Goods and Services:
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Example:
Just like I do. I render services by giving out
information that will help improve relationships
among singles and once am married, I can stand in
the position to coach married couples.
The added goods are the resource materials I sell
such as books, audio tapes, etc. If I depend only on
the goods I may not have enough to face currency
depreciations whenever they occur.

26. Who and what Money answers to
Goods and Services:
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Therefore my added value is the services I render.
E.g. It’s possible you can pay me =N=5000 for this
presentation but when I offer it as a seminar in
Nikon Hilton, I might charge twice or thrice of it.
Therefore,
In spite of the naira depreciation which can reduce
the flow of money, even to purchase goods; going
after rendering services can boost the flow of
money towards you while you deal with the
depreciation and its effects.

27. Who and what Money answers to
Goods and Services:
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You can not individually increase the value of
money. But the benefit you can have in rendering
services to humanity is that you can at least sustain
the flow of money.
You can see that in spite of the depreciation, the
rich still get richer while the poor get poorer. This is
because what the rich is after isn’t the depreciation.
They know that depreciation is the fact. But
rather, they offer services in addition to added
goods. Such men are men like Bill Gates and many
others.

28. Who and what Money answers to
Goods and Services:
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People will always pay you more for the services
you render than the goods you sell.

29. The Total Reliance
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Finally, it is my desire that you begin today to
prepare yourself for this present money
depreciation in our nation Nigeria by rendering
added services to what you do presently.
Remember, services that will improve the quality of
living. As you do so, leave the rest to God who
promises that when you offer services to man in
place or in addition to goods, He will shower His
blessings to you. Remember, if you practice all I
have written down here and do not trust your
financial goals to God, you will leave your entire
life frustrated.

30. Quotes:
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Goods have fixed price rates while rates charged
while offering services are under your control.
Evergreen R. Victor
Give more in value and in quality; this is your
daily reasonable service to humanity.
Evergreen R. Victor

31. Hamilton Singles
R e s o u r c e C e n t e r
Hamilton Singles Resource Center
Thank you as we put our hands
together to make your single
life experience worth living for.
Evergreen R. Victor
Chief-Executive Officer