10 Financial lessons you can learn from Lord Ganesha |- Invest N Rich LLP
Ganesh Chaturthi is here ! The largest religious-cultural and favourite festival of India is a 10-day-long celebration of Lord Ganeshaa’s birth.
In Hinduism, Lord Ganapati is the epitome of knowledge, remover of obstacles (Vighnaharta), image of happiness, master of knowledge (Vidya). In India, religious ceremonies always begin with offerings to Lord Ganapati. He holds the distinctive distinction of being the “Pratham Pujya” (first lord to be worshipped). The most loved deities within the Hindu pantheon, Ganapati is additionally called the lord of prosperity and wealth.
Let’s understand these investment lessons from Lord Ganapati through his distinct ways that and unique physical features:
Lesson 1: Gajanana – big head represents knowledge
Ganesha is named Gajanana because the elephant-headed lord features a Brobdingnagian head signifying broad-mindedness, wise decision making, and an information ocean of data. This tells us to always use the knowledge and learning we gain, to aim for our goals and create decisions.
So whereas drawing up your investments plan to begin your wealth creation journey, assume providentially a few SMART goal-based finances. Your Financial goals are measured as short term, medium term and long term. forever account for the impact of inflation on your investments, and invest wisely in worthy investment avenues. most significantly, assess your risk appetency, investment horizon and align your investments together with your financial goals.
Lesson 2: Lamba-karna – Develop good listening skills
Lord Ganapati is named Lambakarna as a result of his wide ears symbolic of his ability to pay attention.. The feature encourages you to listen and be relevant with the new plan of action and financial information. It denotes that one should have their ears open wide to soak up information and act accordingly.
Nowadays, a great deal of knowledge is definitely available on various platforms associated with the markets and alternative investment avenues. However, it’s essential to filter the knowledge or recommendation you are receiving. investment is quite difficult once you are new to it, or facing a perplexity and have mixed thoughts, or during volatile market conditions.
This is once you ought to consult a financial professional to create worthy investment choices. Also empower yourself with financial information to be financially aware and gain valuable information. smart listening skills can alter you to implement effective ways supporting the new information you receive and succeed your visualised financial goals.
Lesson 3: Chinteshwar – Eye for detail
Ganesha’s little, sharp eyes and focused gaze(Vision) showcases a mind that’s fully targeted at the goal. On your wealth making journey, you wish to keep up this focused approach together with your investment set up and work towards your financial goals once you’ve got them identified.
Having a See for detail once it involves your investments suggests that you usually observe the distinctive options of a scheme and the pros and cons of each investment avenue. This can alter you to create a well-diversified, strategic, all-weather portfolio.
In addition, you must keep focused and invested for a stipulated time-frame within the market to generate best returns.
Lesson 4: Lambodaraya – Large stomach represents greater endurance
Lord Ganapati features a massive(big) belly that represents endurance and also the ability to require risks. Ganapati tells the Us to consume the maximum amount you’ll afford, value your risk tolerance (patience) and invest accordingly. Think about investment in a systematic manner through SIPs once you are new to the markets and step by step increase the amount you invest over time.
Avoid directly jumping towards risky equities by investing a large lump sum amount. Given the volatility during this market, if you invest in instruments on the far side of your risk tolerance (patience), you may suffer financial loss. you need to develop the danger capability to munch through market volatilities and digest any bad decisions.
One way to make a safety net is by building an emergency fund with 06-12 months of expenses including loan EMIs. This emergency funds reserve will be your fall-back to decide to survive any financial crunch.
Lesson 5: Vakratundaya – adaptability( flexibility) from the trunk
Vakratundaya is another name stemming from Ganesha’s trunk, which represents flexibility and a flexible nature. The trunk also embodies the power and strength to perform a variety of delicate and complex tasks.
It symbolises that one should possess the morality of patience to adapt during unfavourable conditions, since things might not always be the approach you want them to be. As an investor, you wish to understand that market volatility will have an effect on your investments, but one must never forget that the sky eventually clears for a bright and beautiful rainbow.
You can counter this by periodically reviewing and rebalancing your investment portfolio, to check if its performance is helping your journey of wealth creation. If you would like to keep up a strong investment portfolio, an exact degree (growth) of flexibility between asset allocation, diversification, timeline changes, and also the amount of investment is usually recommended.If you would like your financial plan to survive through the thick and thin of volatile markets and macro-economic conditions, your financial plan needs to be flexible and flexible. keep in mind to review your portfolio and continue searching for higher opportunities to with efficiency modify your portfolio.
Lesson 6: Ekadantaya – Remove unworthy investments
Known as Ekadantaya, Ganapati has 2 tusks and one of them is broken. The trunk embodies the power and strength to perform a variety of delicate and complex tasks. The broken tusk represents the ability to recover from losses, and also the alternative tusk represents the strength to remove the bad.
Similarly, one should have the sense and strength to reach under performing investments that are patient with the potential of the portfolio. A bad investment, if ignored, can build achieving your financial goals a lot more durable. Many investors don’t realise that a number of under performing schemes may well be touching the portfolio.
You need to judge the under performing assets on qualitative and quantitative parameters and think about shifting your investment into worthy investment avenues.
Lesson 7: Strength of Lord Ganesha’s Axe
Lord Ganapati holds the axe in one among its four arms, that represents the ability to slash all the distractions and market-related worries. It tells the Us to not fall prey to any emotions or biases after we create an investment decision.
One should possess the strength to require right selections and act without emotion to eliminate bad and negative influences. equally whereas investment, use the axe of effective thinking and eliminate any behavioural biases touching your investment decisions.
Lesson 8: The Mushaka – Lord Ganesha’s Vahana – Simple living
Lord Ganesha’s vehicle, or vahana, is represented as a bit mouse in Hindu mythology. It expresses the foremost crucial life lesson of easy living and elevated thinking. Here Ganapati tells the Us to stay our temptations and needs under control and observe delayed gratification (तृप्ति). It conjointly highlights that we must not underestimate the ability in the very little, little things.
One of the fundamental needs for investments to figure is to own discipline. Learning to measure inside your suggests that is the start, save quite what you spend, and avoid impulsive purchases via credit card offers and seeking instant gratification which will create a debt burden.
Let go of prejudiced detrimental habits, enable yourself to make a budget, then save and invest with wisdom. Higher thinking empowers you to aspire for a much better tomorrow by adhering to a strong financial plan. The mouse at Ganesha’s feet is his carrier; his small size will typically be mis-leading. If given a free hand, this small creature will bring mayhem. Similarly, observe delayed gratification and don’t underestimate the power of investment little amounts via SIP regularly.
Lesson 9: Avail the “Prasada” – successful investment planning ( Achieve Financial Stability in your life ) or successfully reward you with sweet gains.
With a perfect plan and the right investment we can also have prosperity and achievements.
Lord Ganesha’s favourite food ‘Modak’ is distributed amongst devotees as ‘Prasada’ once conducting the ‘Puja rituals’. As AN investor, once you have created a good investment portfolio, here the Prasada represents the positive results of your investment.
You must have an eye fixed on your ‘Modak’ (returns) like Lord Ganapati, higher investment coming up with and focused financial goal can with success reward you with sweet gains and bright financial future. This can be nothing but the benefits of mutual funds returns or returns from your many investment avenues.
Lesson 10: God of Auspicious beginnings – begin your investment journey!
Lord Ganesha is the lord of auspicious beginnings, this Ganesha Chaturthi may be a nice chance for you to begin your investment journey…
You must begin now!
The earlier you begin, the higher it’s to create a healthy corpus. keep in mind that over time your money can grow with the magic of compounding. begin to save lots before you spend and invest it in satisfying investment avenues.
From a Financial planning structure approach there’ll be good times and difficult times on your investment journey. Hence, you need to be prepared and flexible enough together with your investments to adapt within the dynamical market atmosphere. Your financial plan should be robust enough to survive the tough times and generate optimum returns in higher market conditions.
As you celebrate the fun of Ganesha Chaturthi this year, spend a moment to replicate on these vital investment lessons of Lord Ganapati and commence the trail of prosperity!
Happy Ganesha Chaturthi!
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If you need financial planning: for children or your retirement, to get out of loan or where to invest, we are giving a free Financial Clarity Meeting especially for you on the occasion of Shri Ganesh Ustav,
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