Warren Buffett is among the wealthiest and most successful investors in history. Nicknamed the "Oracle of Omaha," he transformed a small textile firm, Berkshire Hathaway, into one of the world's largest and most valuable companies. Although a billionaire, Buffett remains humble, and his investing policy is one of long term as well as beneficent giving. The tale of this man who progressed from selling chewing gum as a young boy to become a world-known investor is real inspiration. Today, we'll be discovering everything about Warren Buffett—early life, schooling, business endeavors, investment ideas, and a thorough wealth chronicle following his riches development. Early Life: A Young Business Genius (1930 - 1949) Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska. His dad, Howard Buffett, was a stockbroker as well as U.S. Congressman, which means that Warren became exposed to finance from an early age. Even from an early age, Buffett possessed busi...
Introduction
No-Cost EMI (Equated Monthly Installment) is a financing option that allows you to purchase goods and pay for them in monthly installments without incurring any additional interest or processing fees.
How companies make profit from no cost EMI's
Product Markup: The actual price of the product may be slightly higher when you opt for a No-Cost EMI. Companies might increase the base price to cover the cost of financing.
Just look at the Example:
Let's say you want to buy a Smartphone that costs ₹10000. If you choose a No-Cost EMI plan for 12 months, the company might increase the Smartphone price to ₹11,000. So, each month you pay around ₹100 without interest.
Now look at the Example for e-commerce websites like (Amazon,Flipkart,etc.)
Let's say you want to purchase a smartphone for ₹100000.When purchasing a smartphone priced at ₹100,000 through an e-commerce platform such as Amazon, the transaction involves a series of discounts between the manufacturer and the retailer. Initially, the manufacturer provides the smartphone to the retailer at a reduced rate of ₹90,000, reflecting a 10% discount. Subsequently, the retailer, having acquired the device at the discounted rate, extends a 5% discount to consumers like us, selling the smartphone for ₹95,000. While consumers may perceive this as a favorable arrangement, opting for a no-cost EMI, it's essential to acknowledge that the retailer has already garnered a profit of ₹5,000 from the discount provided by the manufacturer.
Partnership Agreements:
Retailers may have revenue-sharing agreements with financial institutions. Stores collaborate with banks for no-cost EMI, absorbing interest to make purchases easier for customers, and, in return, gaining increased sales and potential profit-sharing with the bank.
No cost EMI is a popular payment option that allows customers to purchase products such as the iPhone 15, Apple devices, bikes, ACs, or even Activa without paying any interest, provided they use payment methods like Bajaj Finserv, HDFC, Axis Bank credit cards, or Amazon Pay Later. It is available on platforms like Amazon and Flipkart, with the promise of no hidden charges or interest, but often requires a down payment or small processing fees. Despite the term "no cost," customers should check for additional charges or discounts before committing. The no cost EMI scheme works by spreading the payment over a fixed tenure, usually 3, 6, 9, or 12 months, and it can also be used for larger purchases like mobile phones or electronics. For better understanding, the no cost EMI calculator helps calculate monthly installments, making it easier for consumers to plan their payments. thankyou dear viewers
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