Every year, Indians throughout the world celebrate Dussehra or Vijayadashami, which represents the triumph of virtue over evil. It is not only a time for pleasure and celebration, but it also provides an opportunity to acquire important financial lessons that may assist in managing personal funds properly. Here are some financial lessons we may learn from the Dussehra festival:
1. Destruction of evil: Just as Lord Rama personified righteousness and honesty in his finances, we should do the same in ours. Avoid unethical practices such as tax evasion and money laundering, which will result in financial loss and reputational damage.
2. The significance of planning: In the epic Ramayana, Lord Rama spent a long time in exile and formed strategic alliances before defeating Ravana. This emphasizes the significance of financial planning. One must properly plan their money, taking into account all probable problems. Early and intelligent preparation is the foundation of financial independence and stability.
3. Persistence and patience pay off: Despite several setbacks, Lord Rama stayed committed to his mission. This teaches us to be focused and persistent in our financial objectives, whether they are to save for retirement, pay off debt, or invest in a business. Ups and downs are inevitable in life, but in order to attain financial success, one must remain devoted and patient.
The patience that Lord Rama showed throughout his lengthy exile encourages us to be patient. Achieving financial objectives does not happen immediately; it takes time and perseverance.
4. Seek suitable guidance: The role of Hanuman in the Ramayana emphasizes the significance of obtaining appropriate guidance. Similarly, seeking financial professional guidance or learning about optimal investing practices is critical in money. Always check your financial advisor’s credentials and qualifications.
5. Financial discipline: Dussehra commemorates Lord Rama’s perseverance, which he maintained despite adversity. Those who maintain a disciplined saving and investment attitude will also find success in their financial path.
6. Risk assessment: Before the fight, Lord Rama supervised risk assessment by dispatching Hanuman on reconnaissance. Similarly, knowing the risk associated with assets and diversifying them may help you make smarter financial decisions.