Friday, September 9, 2016

Price vs Value

A girl placed her new iPhone 7 on the piano.
Her friend saw it and said: "Wow! That's a very obvious place to show off your new phone."

The girl smiled and replied, "I'm playing a piano that is worth tens of thousand and all you can see is a phone that cost only a few thousands?"

The girl's mother said to the girl, "You are staying in a mansion that is worth a few millions and all you can see is a piano that is worth a less than a hundred thousand?"

The girl's father walked in and said to her mother, "You are married to a billionaire and all you can see is a mansion that cost a few millions?"

Life Insurance has helped many families solved millions ringgit of debt and daily living expenses but all people talked about is the few thousands of premium.

Many merely focus on the price and not the value.

This is also why many remembers how much insurance premium they serve but forgot how much coverage they are being protected.

"Price is what you pay. Value is what you get." - Warren Buffet