However, there were two investments that didn't fare well in the past two years, prompting my advisor to recommend selling those and redirecting the funds into stocks of two companies producing a new FDA-approved diabetic medicine with weight loss benefits. The catch? It's a $1000 monthly investment.
During our discussion, my advisor painted a vivid picture: take the shot, and a month later, shed 25 pounds. The challenge, he noted, lies in convincing oneself that this hefty investment is worthwhile.
I countered with a somewhat morbid analogy. Think about a car seat for an infant, which costs about $500. Some moms opt for a cheaper alternative, but let's consider this scenario: the mom gets into a car accident, and tragically, the child doesn't make it. Faced with this heartbreaking situation, the mom is asked a question: "Would you be willing to pay $500 to get your child back?" The obvious answer is "Yes!" So, in retrospect, investing in the $500 car seat to ensure the child's safety seems like a wise decision.
Now, let's transition to the expensive weight loss drug, I explained to my advisor. Imagine yourself on your deathbed at 50, grappling with health issues linked to obesity. At the age of 40, your doctor suggests a $1000-per-month treatment, and you decline. Fast forward to your deathbed, and the question arises: "You're here because of a disease caused by obesity. If given the chance, would you go back in time and pay the $1000 monthly?" Most people would probably answer yes, right?
My advisor, while impressed with the analogy, jokingly commented that it's a morbid way of selling something. I admitted to being a less-than-stellar salesperson, and we shared a good laugh about it.
I countered with a somewhat morbid analogy. Think about a car seat for an infant, which costs about $500. Some moms opt for a cheaper alternative, but let's consider this scenario: the mom gets into a car accident, and tragically, the child doesn't make it. Faced with this heartbreaking situation, the mom is asked a question: "Would you be willing to pay $500 to get your child back?" The obvious answer is "Yes!" So, in retrospect, investing in the $500 car seat to ensure the child's safety seems like a wise decision.
Now, let's transition to the expensive weight loss drug, I explained to my advisor. Imagine yourself on your deathbed at 50, grappling with health issues linked to obesity. At the age of 40, your doctor suggests a $1000-per-month treatment, and you decline. Fast forward to your deathbed, and the question arises: "You're here because of a disease caused by obesity. If given the chance, would you go back in time and pay the $1000 monthly?" Most people would probably answer yes, right?
My advisor, while impressed with the analogy, jokingly commented that it's a morbid way of selling something. I admitted to being a less-than-stellar salesperson, and we shared a good laugh about it.
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