With Ganesha Chaturthi – the ten days festival of worshipping Lord Ganesha or Ganpati, the Indian festival season has started. While revering as the ‘protector’, God Ganesha is believed to remove obstacles from the path.
But do you know, Lord Ganpati also teaches valuable financial lessons? On this Ganesh Chaturthi, let’s learn some insurance and investment (financial) tips.
Embark on a journey
If you have not started planning your finances, it’s time to kick-start your financial journey. In India, God Ganpati is worshipped before starting any auspicious activity. Start your journey towards attaining financial freedom. There are various investment products like PPF, fixed deposits, mutual funds, etc.; which allow you to invest with an amount as small as Rs 500 per month. So take the blessings of Ganesha and start your financial planning.
Be eager to learn and earn
Known for his intellectuality and wisdom, Lord Ganesha has small eyes and large ears. They paves focus on the importance of learning through observing things and listening carefully. Similarly, you should acquire new skills that can generate more income for you. Follow the mantra of— Learn more, Earn more, save more and invest more.
Protect yourself
Ganpati—literally means ‘protectors of multitudes’. Taking a cue from this trait of Ganesha, you too should take adequate steps to protect yourself and your family from the life’s adversities. And buying the adequate term insurance and health insurance is the best way to protect them. While a term insurance policy will give them financial security in your absence, a health insurance policy will provide them adequate medical care should they fall ill. The best part is that you can buy both term insurance and health insurance online in a few clicks of the mouse.
Both the insurance policies will help you and your family tide over unforeseen financial incidents and ensure that you achieve your financial goals.
Be ready to digest (face) volatile situations
Lovingly called ‘Lambodara’, Ganesha is a god with large stomach which clearly displays his ability to digest. While dealing in the financial market, you too have to face a lot of uncertainty. The knowledge about different asset classes and investment can help you digest the volatility. It is useful to maintain calmness when the market conditions are not in your favor.
Be thrifty
Ganpati’s vehicle is ‘mouse’ that teaches us to be prudent and use even the smallest resources with care. Instead of being going after only big things, it is imperative to learn the difference between our needs and wants. It is essential to spend on what we actually need and avoid purchasing those things that we merely purchase because of peer pressure. It will help in saving a lot of money which we can judiciously invest.
Lord Ganesha brings lots of happiness, so while following all the above-listed lessons, don’t forget to enjoy the festival and share your joy with others.
Ganpati Bappa Morya!
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