Festivals play a major role in the lives of us ‘Indians’ and hold great significance in our culture. In India, we ‘Indians’ celebrate each and every festival with enthusiasm and different modalities. In our culture, every festival holds a great value and in celebrating festivals, we learn a lot of things that inspire us to live a happy and better life. ‘Dussehra’ or ‘Vijayadashami’ is one Indian festival in Hindu religion where it celebrates for the victory of god Rama over the Demon king Ravana and the triumph of good over evil. In our culture, ‘Dussehra’ is believed to be the auspicious time to start new things and end all the evil things that surround us.
The lessons that learnt from Lord Rama are of great worth and can be used to implement in our lives and as in fact, in our investment journey. The reason we’re here today is to discuss the lessons that we can learn from Dussehra and use it to get rid of the evils like ‘Greed’, ‘Ego’, and ‘Arrogance’ that is affecting our financial planning and investments.
Here, we’re going to discuss some financial lessons inspired from the auspicious occasion of ‘Dussehra’ that you can implement to get rid of financial evils and manage your investment portfolio.
Financial Lessons to Learn from Dussehra
In doing so, we’ve performed in-depth research and reach out to the big financial planners and top research analysts and come with this:
Lesson #1: Forget Past & Start New Ventures
Forget about every mistake you made in past in investing for the future. ‘Dussehra’ or ‘Vijayadashami’ is embarked as an auspicious day to start new ventures. It is time that you learn from your past mistakes and starts investing in avenues that can help you achieve your financial goals within the expected time-frame hassle-free. It is time to actually use the power of compounding and do financial planning that can bring a fortune in your life.
Lesson #2: Destroy Evil & Triumph over Financial Evils
As the festival ‘Dussehra’ symbolizes the victory of good over evil, the god Rama had to go through a lot of hardships to attain victory over demon ‘Ravana’ and rescued ‘Sita’. From the financial perspective, one should get rid of all financial evils such as debts, unnecessary expenses, market timing, and all other hurdles that hold us back in our wealth creation journey.
The excessive debts made it difficult to continue investing for the long-term and interrupt our long-term financial planning. Therefore, it is time to stop making bad financial decisions and remove all the financial evils to continue walking down the path of your wealth creation journey.
Lesson #3: Use Disciplinary Approach to Confront Evils in front
Lord Rama recognized as the upstanding righteous, disciplined, and responsible son who also known by ‘Maryadapurushottam’ – a man who was upright and responsible in life. Because of his disciplinary approach that allows God Rama to rescued ‘Sita’ from Lanka even in the midst of his ‘Vanvaas’. It is time to bring such a self-disciplinary approach in our lives to cater to the current and future financial needs. By nurturing financial discipline one can focus on saving, spending, and wisely managing money to invest for future financial goals.
The financial market is highly volatile and can have a lot of fluctuations that put your moral down but don’t act rationally. It is time to control your emotions and go with the self-disciplinary approach to assess the market and investment portfolio to take smart decisions at crucial times.
Lesson #4: Protect Your Finances
The festival of Dussehra symbolizes the triumph of good over evil from the face of the earth in order to protect humanity from all the evils. In the same way, it is time to protect your financial investments to create a financially sound future and get rid of all evils that directly impact your finances, ultimately, your well-being. You can protect your hard-earned money by strategically plan to manage, save, and invest in the right place so that you can secure the future of yours and your loved ones.