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goldsilvercity

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Financial planning - how to reject a friend?
« on: July 13, 2015, 11:55:50 pm »
hi petallers,

I am sure most of us got this problem where a close friend or close relatives become an insurance agent and start asking us out for tea and dinner.
for "non obligatory" financial meetups.

problem is they are in the Big 3 Insurers which I know the products are not as competitive as those I got from my IFA. I like my IFA... she gives me the best products to choose from a big range of insurance company...

but this is a close friend, find it tough to say no.
how do u guys say no?
i cannot possibly get a product that at most she earns $3000 commission, but i suffer from poor returns and not competitive rates that will costs me $30,000 or maybe worse for the product lifetime......  :'( :'(

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portinari

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Re: Financial planning - how to reject a friend?
« Reply #1 on: July 14, 2015, 12:06:32 am »
When they start asking, tell them you just joined the latest MLM...

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pencil-leads

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Re: Financial planning - how to reject a friend?
« Reply #2 on: July 14, 2015, 09:31:32 am »
just tell them you have no intention of getting it now. if they are your good friend, they will understand. if they do not, they are not your good friend and you know what to do.
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goldsilvercity

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Re: Financial planning - how to reject a friend?
« Reply #3 on: July 17, 2015, 09:47:26 am »
just tell them you have no intention of getting it now. if they are your good friend, they will understand. if they do not, they are not your good friend and you know what to do.

they are salespeople lor. trained well not to take NO for an answer....

i kanna very good one. they ask me "why no".
i stunned.


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pencil-leads

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Re: Financial planning - how to reject a friend?
« Reply #4 on: July 19, 2015, 04:31:26 pm »
they are salespeople lor. trained well not to take NO for an answer....

i kanna very good one. they ask me "why no".
i stunned.

tell them 'your question make me stunned like vegetable'
Website: http://sh-porter.com
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goldsilvercity

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Re: Financial planning - how to reject a friend?
« Reply #5 on: July 24, 2015, 11:54:05 pm »
tell them 'your question make me stunned like vegetable'

then they will tell u all the good things why u shld buy so that u wont be a vegetable

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kebever

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Re: Financial planning - how to reject a friend?
« Reply #6 on: September 09, 2015, 05:39:07 pm »
I will ask the agent to show me a comparison of all similar products in the market, before meeting. If he/she cannot produce or give an excuse that they not selling other company's product, then no need to meet at all.




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wangxinling

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Re: Financial planning - how to reject a friend?
« Reply #7 on: September 13, 2015, 02:02:22 pm »
Tell chiur fwen to top up the loss and chiu buy from her lor...

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~老婆餅~

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Re: Financial planning - how to reject a friend?
« Reply #8 on: October 16, 2015, 05:27:19 pm »
No money. Just straight and honest  :)
~I come here in peace~ *holds up white flag*

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Iridiot

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Re: Financial planning - how to reject a friend?
« Reply #9 on: October 17, 2015, 01:51:54 am »
If it is a close friend , you shouldn't have a problem being frank.
That would mean telling that friend what was said here.

Tactful ways include showing your friend your portfolio and the fact that you've already committed  to certain plans.

Whatever reason you give , you could offer to introduce some friends/ acquaintance that she doesn't know  for your friend to prospect.
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migration

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Re: Financial planning - how to reject a friend?
« Reply #10 on: October 17, 2015, 11:06:52 am »
they are salespeople lor. trained well not to take NO for an answer....

i kanna very good one. they ask me "why no".
i stunned.
Wah lau... like that then I will turn the table around already.
Tell him that recently in a bad patch, then is taking this opp to meet up with him to borrow money. Really no money to buy things but need $2000 urgently. "We see each others as good friend right, I will remember you and buy package from you next time. Pls help me with $2000 first.":)
Freedom is the right of all sentient beings.

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superdope

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Re: Financial planning - how to reject a friend?
« Reply #11 on: October 17, 2015, 12:58:28 pm »
normally i just tell them, "you heard of buy term invest the rest"? then tell him u gottten all the necessary term,CI,health plan alr. n u not interested in his investment linked products. laugh at him/her product say u ownself invest can earn more. if he/she ask u how/what u invest, tell them its a secret! :D

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ladyvera

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Re: Financial planning - how to reject a friend?
« Reply #12 on: October 17, 2015, 01:00:27 pm »
normally i just tell them, "you heard of buy term invest the rest"? then tell him u gottten all the necessary term,CI,health plan alr. n u not interested in his investment linked products. laugh at him/her product say u ownself invest can earn more. if he/she ask u how/what u invest, tell them its a secret! :D

Just tell them that your parents are both financial consultants. Usually works.

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myhappyness

Re: Financial planning - how to reject a friend?
« Reply #13 on: October 31, 2015, 11:04:21 pm »
there is no need to be worried. Just explain nicely that you do not have budget but you are okay to meet up for coffee and hear what she has to say.
Friends help each other. :)

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beaverjuice

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Re: Financial planning - how to reject a friend?
« Reply #14 on: November 01, 2015, 10:02:50 am »
or if you're old enough like me, you can tell them that you are uninsurable ..... :(
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."