Financial Planning Mantra from Ganesh Chathurthi

As the ten day festival of worshipping God Ganesha began last week, it has marked the beginning of the festive season in India. Lord Ganesha is widely known as the god of intellect and wisdom. At the beginning of every new venture he is worshipped as the “Vighnaharta”, one who removes all hurdles. Ganesha has a grotesque form and each depiction has a unique significance. Here are some financial lessons we should interpret from Ganesha form, learn and implement on our personal finances:

Kickstart Yourself: If you are still considering starting an investment, then you may miss the bus. Start saving and investing, to secure your future and financial goals! Giving up because of bad experiences is not a good idea. As Ganesha signifies new beginnings, start new investments and begin the journey towards your financial freedom now! You can start investing in simple products such as SIP with minimal amount as low of Rs.500 and manage your personal finance.

Big Ears & Small Eyes and Mouth: Ganesha is worshipped as the god of intellect and wisdom. His small eyes and large ears highlight the importance of learning by listening carefully, observing with full concentration and limited words. A person who listens carefully to financial advisors, observes the minute details of the market movements and speak less, but meaningful, has high prudent chances of achieving the benefits of financial markets. Earn more, save more and invest more should be the mantra.

Big Head: Lord Ganesha has a big head of an elephant, which inspires us to dream big, think profitable and learn new skills. Every small situation should be considered and evaluated to turn it into an opportunity to make a big success. The big head is also a symbol of forward thinking and thinking ahead of the market, for being the market leader and having best wealth management.

Long Nose & Big Trunk: Long nose signifies the chances of smelling opportunities before others. A smart investor should site a beneficial opportunity before others and prepare accordingly. The best preparation an investor should have is to find a financial planner and a good investment advisor.

Be the Protector: Ganesha .a.k.a. Ganapati means protectors of multitudes. One should learn to protect oneself and family from the difficult times of life. This can be done with proper insurance planning for both life and health to override unfortunate incidences. With insurance one is less likely to suffer a financial setback and it is more likely to achieve financial goals.

Large Stomach: Ganesha .a.k.a. Lambodara – the one with a large stomach. It symbolises the ability to digest, both the good and the bad. The financial markets have a lot of uncertainty; a big profit is often followed by some loss. One needs to accept and digest both and continue steady investments. Also the knowledge about asset classes and investing enhances the ability of individual to stomach the volatility. It helps investors to remain calm when the markets are stormy. Big belly also represents thirst for knowledge and the ability to accept and digest information.

Mushakvahan: Ganesha preferred vehicle is the mouse. It teaches us to be economical and use even in the smallest of the resources with utmost care. We should avoid being impulsive buyers and it is advisable to create a budget. It is prudent to spend on what we need and avoid buying things that we buy out of peer pressure. This can be a step towards easy saving for more investments.

While following the aforesaid lessons, on this auspicious occasion of Ganesh Chathurthi, dont forget to share your happiness with others. Donate and share the joy and multiply your happiness.