Dussehra Special: From mythology to money management, learn important financial lessons
Produced by: Navneet Dubey Designed by: Mohsin Shaikh
From mythology to money management, learn important financial lessons from Dussehra
It's a time of joy, celebration, and a chance to learn vital financial lessons to help manage personal finances efficiently
Victory of good over evil
Every year, Indians around the globe celebrate the festival of Dussehra or Vijayadashami, which signifies the victory of good over evil
Avoid unethical practices
As Lord Rama embodied righteousness and honesty, we should exercise the same virtues by avoiding unethical practices like tax evasion, money laundering, etc
Importance of planning
The way Lord Rama spent an extensive exile and made strategic alliances before his victory over Ravana. This underlines the importance of financial planning. One must plan one's finances carefully, considering all potential challenges
Persistence pays
Rama remained loyal to his goals despite multiple adversities. This teaches us to stay focused and persistent towards our financial goals, whether saving for retirement, clearing out debt, etc
Have patience
The power of patience that Lord Rama exhibited during his long exile period teaches us to be patient. Achieving financial goals is not an overnight objective; it requires time and patience
Risk analysis
Lord Rama managed risk assessment by sending Hanuman for reconnaissance before the war. Similarly, understanding the risk associated with and diversifying investments can lead to better financial decisions
Seek the proper guidance
The role of Hanuman in Ramayana underpins the importance of seeking the appropriate guidance. Similarly, getting advice from financial experts or learning about best investment practices is crucial in finance
Financial discipline
Dussehra celebrates the tenacity of Lord Rama, who stuck to his path even when difficulties surrounded it. Similarly, success in the financial journey also comes from a disciplined saving investing approach
Clear obstacles and win
The way Lord Rama's army paved the way towards Lanka over the Indian Ocean and got victory. Similarly, one should clear their debts and loans and follow the SIP approach to achieve one's goals successfully