The Bill you haven’t paid

Amar Pandit , CFA , CFP

March 4, 2022 | 2 Minute Read

“When you get something for nothing, you just haven’t been billed for it yet.”- Franklin P. Jones

What is it that you haven’t been billed yet?

Many Fintech and financial institutions have this wonderful claim: “We are cheaper, or we are Free.”

They are neither cheaper nor free.

They will collect their rent and thrice as much by selling products that you don’t need and in many other ways that you can’t even imagine.

A line that gets shared on WhatsApp so much rings a bell here – When something is free, it means you are the product. I add to this – When something is unrealistically cheaper, it means you are about to get conned.

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