Lord Ganesha is the symbol of prosperity, happiness, master of knowledge, God of wisdom and remover of obstacles. Devotees powerfully worship him. The occasion of Ganesh Chaturthi is widely known in India, and especially in Maharashtra.
There are tons of things to take as inspiration from Lord Ganesha when it involves financial planning and financial lessons. Here we list six financial planning lessons from our beloved Ganpati Bappa-
#1 Start Saving and Investing Money Early
Lord Ganesha is worshipped first for beginning a new business. Thus you should start saving and investing money as soon as you start making an income. Choose a recurring deposit, open a systematic investment plan (SIP), insurance etc. There are many savings schemes to settle on to begin investing.
#2 Keep Learning About Investment
Lord Ganesha is also known for knowledge and intelligence; it’s never too late to update new investment options and ways to grow money. You aim to become financially literate to ensure that you are getting good returns for short-term or long-term financial plans.
#3 Consider Insurance Plans
Vighnaharta- destroyer of obstacles, Lord Ganesha, is also known to destroy the barriers, and therefore it is best to stay protected from any hurdles. One of the best ways to do it is by taking necessary insurances like home insurance, life insurance, vehicle insurance etc., to be protected yourself and your loved ones safe.
#4 Be Prepared for Monetary Problems
Financial uncertainty can come anytime, be it any natural disaster where you’ll lose lots of resources, face a monetary problem, where you require cash etc. Lord Ganesha is understood to hold an immense ability to digest, and you can also stock yourself with emergency funds to take down any financial challenges.
#5 Little is More
It is a time of festive, and you would be already purchasing gifts for family and friends. So This Ganesh Chaturthi, you’ll try to shower love by avoiding careless purchases and instead choose something inexpensive yet meaningful, like making handmade gifts etc. Remember, Lord Ganesha chose ‘mouse’ as his vehicle and knew the worth of even the littlest of resources. You can select some money-saving credit cards for shopping which will help reduce spending while buying anything.
#6 Build Your Perceptions After Critical Analysis
We tend to be attracted to gainful offers and promises, which can land us in financial troubles. If you were to take a position or spend money on mutual funds, it’s necessary to know the types of mutual funds, market conditions, and risks associated before taking a big step; the massive trunk of Lord Ganesha also expresses his ability to smell out difficulties already.
The above-mentioned financial lessons from Lord Ganesha on this Ganesh Chaturthi are some important financial lessons to follow for all times.