Financial Planning Lessons from Lord Ganesha
Lord Ganesha is known as the god of wisdom, remover of obstacles, symbol of happiness, and master of knowledge. He is equally adored by children and adults. There are many things to learn from Ganesha's idol. Today, we will explore the messages he conveys about financial planning through his appearance. This will help you gain insights into financial planning, change your financial behavior, and bring prosperity into your life.
1. Big Head
Lord Ganesha's 'Big Head' encourages you to 'Think Big' and think outside the box. Solutions exist for every problem you face in life. You just need to analyze the situation calmly, and the answer lies within it. In investment planning, equal importance must be given to other aspects like tax planning, retirement planning, estate planning, and insurance planning, which play a vital role in creating a comprehensive financial plan.
2. Small Eyes
The 'Small Beautiful Eyes' urge you to 'Concentrate' on your financial planning goals. Ask yourself questions like: Why do I need a financial plan? What are my specific goals and the timeline to achieve them? Once identified, prioritize these goals and start working towards achieving them.
3. Large Ears
'Large Ears' suggest you 'Listen More' to financial advisors and planners. Interviews and TV shows by financial planners and experts provide insights into financial planning. Learn from their discussions to ensure your plan is perfect. If managing your financial plan is difficult, consult these experts to outline your plan and follow their recommendations to move in the right direction.
4. Small Mouth
The proverb "Actions speak louder than words" means what someone says is different from what they do. Ganesha's 'Small Mouth' advises you to 'Talk Less' and work on your financial plan with 100% dedication and focus to achieve fruitful returns. Often, people prepare a financial plan and claim they will start following it immediately, but after a few weeks, they delay its implementation with trivial excuses.
5. One Tusk
'One Tusk' conveys 'Retaining Good and Throwing Away the Bad.' It means to analyze your portfolio periodically, sell off investments that are making losses, and stay invested in assets that are performing well.
6. Trunk
Ganesha's 'Trunk' signifies 'High Efficiency and Adaptability' and advises you to evaluate your portfolio regularly. There are times when an investor needs to make defensive decisions and diversify investments into fixed deposits or bonds. However, when the market looks fundamentally strong, investors should make aggressive decisions by investing a significant portion into stocks with potential for future performance. Financial planning also requires regular review and continuous progress to achieve set goals with necessary adjustments and overcoming obstacles.
7. Large Stomach
The 'Large Stomach' of Ganesha asks us to 'Digest All Good and Bad Financial Experiences in Life.' Take every bad financial experience as a learning opportunity and consider yourself one step closer to success. Also, avoid overconfidence with good financial experiences and the success you achieve while making financial decisions.
8. Right Foot Over Left Foot
Ideally, we see Ganesha with his right foot over the left foot while in a sitting posture. This represents using 'Knowledge and Reason to Overcome Emotions.' Increase your financial planning knowledge by reading books, periodical magazines, or personal finance newspapers regularly to get guidance from experts.
9. Axe
Many Ganesha idols show him holding an axe in one of his hands. He holds it 'To Cut Off All Bonds of Attachment.' This means don't get attached to particular companies or asset classes and stay invested even when they are not performing well. Keeping yourself detached from stocks or asset classes (gold, silver, etc.) will keep you afloat during volatile markets and help you make wise buy and sell decisions depending on market situations.
10. Mouse at Ganesha's Feet
Ideally, we see Ganesha using a mouse for a ride or having a mouse at his feet. This image conveys that 'You Must Keep Your Desires Under Control and Not Allow Them to Take You for a Ride.' Desires could be anything: purchasing a car, LED television set, play station for children, an iPad, the latest iPhone, etc. While preparing a financial plan, you need to keep a check on your desires and their actual requirement. Keeping desires under control and focusing only on actual needs will help you build a realistic financial plan, which is measurable and easily achievable.
11. Modak and Prasada
Ganesha loves Modak and offers prasada to his devotees. These are considered 'Rewards of Sadhana (Devotion)' for followers. By following the advice given in a financial plan, you will definitely be rewarded by achieving set goals in a timely manner. Having 'Lord Ganesha' as your friend is a sign of blessings, so move ahead in life by understanding these 11 financial planning lessons from Lord Ganesha.
Regards
Lord Ganesha is known as the god of wisdom, remover of obstacles, symbol of happiness, and master of knowledge. He is equally adored by children and adults. There are many things to learn from Ganesha's idol. Today, we will explore the messages he conveys about financial planning through his appearance. This will help you gain insights into financial planning, change your financial behavior, and bring prosperity into your life.
1. Big Head
Lord Ganesha's 'Big Head' encourages you to 'Think Big' and think outside the box. Solutions exist for every problem you face in life. You just need to analyze the situation calmly, and the answer lies within it. In investment planning, equal importance must be given to other aspects like tax planning, retirement planning, estate planning, and insurance planning, which play a vital role in creating a comprehensive financial plan.
2. Small Eyes
The 'Small Beautiful Eyes' urge you to 'Concentrate' on your financial planning goals. Ask yourself questions like: Why do I need a financial plan? What are my specific goals and the timeline to achieve them? Once identified, prioritize these goals and start working towards achieving them.
3. Large Ears
'Large Ears' suggest you 'Listen More' to financial advisors and planners. Interviews and TV shows by financial planners and experts provide insights into financial planning. Learn from their discussions to ensure your plan is perfect. If managing your financial plan is difficult, consult these experts to outline your plan and follow their recommendations to move in the right direction.
4. Small Mouth
The proverb "Actions speak louder than words" means what someone says is different from what they do. Ganesha's 'Small Mouth' advises you to 'Talk Less' and work on your financial plan with 100% dedication and focus to achieve fruitful returns. Often, people prepare a financial plan and claim they will start following it immediately, but after a few weeks, they delay its implementation with trivial excuses.
5. One Tusk
'One Tusk' conveys 'Retaining Good and Throwing Away the Bad.' It means to analyze your portfolio periodically, sell off investments that are making losses, and stay invested in assets that are performing well.
6. Trunk
Ganesha's 'Trunk' signifies 'High Efficiency and Adaptability' and advises you to evaluate your portfolio regularly. There are times when an investor needs to make defensive decisions and diversify investments into fixed deposits or bonds. However, when the market looks fundamentally strong, investors should make aggressive decisions by investing a significant portion into stocks with potential for future performance. Financial planning also requires regular review and continuous progress to achieve set goals with necessary adjustments and overcoming obstacles.
7. Large Stomach
The 'Large Stomach' of Ganesha asks us to 'Digest All Good and Bad Financial Experiences in Life.' Take every bad financial experience as a learning opportunity and consider yourself one step closer to success. Also, avoid overconfidence with good financial experiences and the success you achieve while making financial decisions.
8. Right Foot Over Left Foot
Ideally, we see Ganesha with his right foot over the left foot while in a sitting posture. This represents using 'Knowledge and Reason to Overcome Emotions.' Increase your financial planning knowledge by reading books, periodical magazines, or personal finance newspapers regularly to get guidance from experts.
9. Axe
Many Ganesha idols show him holding an axe in one of his hands. He holds it 'To Cut Off All Bonds of Attachment.' This means don't get attached to particular companies or asset classes and stay invested even when they are not performing well. Keeping yourself detached from stocks or asset classes (gold, silver, etc.) will keep you afloat during volatile markets and help you make wise buy and sell decisions depending on market situations.
10. Mouse at Ganesha's Feet
Ideally, we see Ganesha using a mouse for a ride or having a mouse at his feet. This image conveys that 'You Must Keep Your Desires Under Control and Not Allow Them to Take You for a Ride.' Desires could be anything: purchasing a car, LED television set, play station for children, an iPad, the latest iPhone, etc. While preparing a financial plan, you need to keep a check on your desires and their actual requirement. Keeping desires under control and focusing only on actual needs will help you build a realistic financial plan, which is measurable and easily achievable.
11. Modak and Prasada
Ganesha loves Modak and offers prasada to his devotees. These are considered 'Rewards of Sadhana (Devotion)' for followers. By following the advice given in a financial plan, you will definitely be rewarded by achieving set goals in a timely manner. Having 'Lord Ganesha' as your friend is a sign of blessings, so move ahead in life by understanding these 11 financial planning lessons from Lord Ganesha.
Regards