#UnderstandT&C #MakingFinanceFun #Don’tGetTempted
We have started the Fun & Finance series with an aim to make finance more fun and relatable via short 1 min stories by using fables or interaction with customers etc. We will try our best to help you learn something new in finance via these short stories.
Once upon a time, in a thick and dark forest, there was an old snake. He was weak but wise.
The Snake saw a lot of frogs living near a pond. So he devised a plan to fulfill his hunger. He went to the pond and laid there carelessly. All the frogs got scared and ran.
One frog gathered some courage and asked: “oh sir, why are you laying here and not hunting the frogs?”.
To this, the Snake replied “I’m cursed by a brahmin for biting his son. I can’t hunt frogs, I have to serve the frogs as my masters for eternity. So come, hop on. I’ll give you a free ride”.
This news reached the Frog King quickly, and he came for a joy ride along with his ministers. The next day, the Snake moved slowly.
The Frog King asked the reason, to which the Snake replied, “I haven’t eaten for days”.
Later, the Frog King passed a rule that daily one frog must be given to the Snake.
As time passed, the group of frogs became thinner and thinner. At last, one day the Snake ate the Frog King.
The old Snake had eaten all the frogs, that too with minimum effort.
Never believe your enemies, no matter how much they promise you the gains.
If you look at the finance industry, you will find a lot of executives and agents with hidden motives. Comparing them with the old snake will not be an overstatement.
So, you must remember the moral of the above fable. Never believe anything, until you have all the information (T&C) which is presented in a simplified manner.
We say this because we know that they will never simplify details (T&C) for you. They will never state terms and conditions first, they only talk about alluring and tempting features.
The devil is in the details.
We have dedicated our work to simplify finance and financial products for our subscribers. Contact us to learn more and experience the difference.