5 Investment Lessons You Can Learn from Lord Ganesha!
The Ganesh Chaturthi festival is here! In India, religious rituals always begin with offerings to Lord Ganesha as he has the unique title of 'Prathama Pujya’ that means the first Lord to be worshipped.
Lord Ganesha symbolizes prosperity, wealth, intelligence and magnanimity, all of which are the hallmarks of intelligent investing. Learn investment lessons from the lord himself this Ganesh Chaturthi and improve your investing skills with his blessings. Here are five best investment lessons that you can learn from the lord Ganesha.
Start your investment journey
Lord Ganesh is also known as the God of New Beginnings. Make wise financial decisions. Lord Ganesha is known for his wisdom and intellect. When you are making your investment decisions, you must try to make use of your wisdom and intelligence, and weigh all asset classes, before investing your hard-earned money.
Keep learning
Lord Ganesha is respected for his immense knowledge and intelligence. Expertise comes from learning every day. You cannot use old techniques all time for your growth. Learn about new investment options, compare them and then decide accordingly. However, for this, you must be financially literate and aim to continue learning so that you may differentiate between short-term and long-term financial goals and then park your funds depending on your risk appetite and investment tenure.
Tackle your obstacles
Lord Ganesha is also called as Vighnaharta- the destroyer of obstacles”. So, it’s a good time to shield yourself and your loved ones from unexpected financial hurdles. The best way to overcome this is to buy insurance, which means that you must use a part of your earnings to buy a health insurance plan and an adequate life insurance policy.
Dealing with money problems
With his huge belly, Lord Ganesha signifies his ability to digest problems. In the same way one has enough emergency funds to deal with unforeseen situations or circumstances that may cause you to face financial challenges. Keep emergency fund equivalent to six months or a year of expenses, thus, allowing you enough financial leverage in case of no employment or a sudden emergency.
Optimize resources
The tiny mouse as Lord Ganesha’s vahana represents humility and simplicity. Once you learn to stay humble and grounded, and living within your means, and learn to save more than you spend. This would help you to avoid impulsive purchases. Never appeal to relationships at the cost of your hard-earned money. Also, keep a track of how much you spend daily. This will help you keep a tab on your everyday expenditure. You must let go of bad spending habits, fix a budget, and save and invest wisely.
Assess well
Lord Ganesha is also called Chinteshwara, due to his small yet sharp eyes and concentrated gaze. His eyes look beyond what we see and pay attention to every detail. Similarly, use your analytical skills to evaluate various investment options and choose from the one that will help you earn more in the long run. Assess the risk-return ratio in each to avoid landing in financial trouble. If you have decided to put your money in mutual funds check their past performance, portfolios, performance ratios and other parameters before investing your money in them.
That’s all! It is never too late to start your investment journey, so why not start it with the best day i.e., Ganesh Chaturthi? This Ganesh Chaturthi, start your investment journey by taking his name. It is a best time to reflect and make positive changes in your lives. By connecting this festival with personal finance, create a brighter financial future for yourself and your family!
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