Personal Finance Myth #39

Higher the price, the better the product is a myth | Vrid
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Higher the price, the better the product

The idea that a higher price always means a better product is a myth. While price can be an indicator of quality in some cases, it is not always the case. 

Factors such as brand reputation, marketing, and supply and demand can influence pricing. 

When you pay more for the same product, you’re paying for the brand name, not the product itself. If you rise above it, you can save a lot of money and gain peace.

Also, are you receiving a pay hike or bonus this month? Planning to buy new gadget on no-cost EMI or zero-cost EMI? Check out our explainer on how no-cost/zero-cost EMI is not a free loan here.

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

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