8 Financial lessons from Ramayana 🏹
When you adopt a multidisciplinary approach, you learn from all aspects of life.
Get your life secured: You are not Laxman, and there is no Hanuman, who can get Sanjeevani for you, so get health & life insurance today.
Set your budget: Set "Laxman Rekha" of your financial budget and make sure that you do not cross it due to luring online discounts. Understand the difference between needs and wants and be financially disciplined.
Contingency Fund: In an unexpected manner, Lord Ram was sent to 'Vanvas' for 14 Years and was forced to leave his luxurious Palace. Not everyone can live with this sudden change in lifestyle. Have an adequate emergency fund to handle unforeseen circumstances.
Be Patient and Think Long Term: During the 14 years of 'Vanvas', Lord Ram had to face many ups and downs, including the kidnapping of Sita. Lord Ram patiently waited until the situation was more favorable to him, rather than choosing shortcuts. Stay invested for the long term, there is no shortcut to success in the financial market.
Choose your advisers wisely: Kaikeyi listened to Manthara's advice, and Ramayana happened. Stay away from relatives trying to sell LIC policies and distributors who are disguised as advisors for their own benefit.
Build a Corpus: Lord Ram, Sita, and Laxman left Ayodhya with almost nothing. They patiently built the network and Vanar Sena over the years in order to reach the objective of defeating the Ravan. Likewise, it takes patience to build the corpus, to defeat the inflation in the long run.
Cultivate discipline: Lord Rama practiced "Dharma" in order to be right, responsible and disciplined in life. We can apply a similar theory to our finances. We need to save judiciously, spend carefully and invest wisely to lead a disciplined financial life.
Wipe your slate and start over: 14-day Lanka War marked the defeat of evil and set the stage for new paths. Similarly, forget your bad decisions that you’d made in the past and make right and informed decisions to streamline your financial journey.
💡 Believe in karma: Continue to do good things and share knowledge, karma will eventually reach you. Share this post with your contacts and allow Karma to do its job.