Lord Ganesha is known as the god of wisdom, remover of obstacles, symbol of happiness, master of knowledge, etc., equally adored by kids as well as grown-up people. There are so many things to learn from Ganesha's idol. Today, we will see what message he conveys to us on financial planning when you look at his physique (appearance). This will help you to gain some insights on financial planning, change your financial behavior, and bring prosperity into your life.
1. Big head Lord Ganesha's 'Big head' tells you to 'Think big' and think outside the box. There are solutions to every problem you face in life. You just need to analyze the situation by keeping calm, and the answer lies within it. With investment planning, equal importance must be given to other aspects like tax planning, retirement planning, estate planning, and insurance planning, which play a vital role in making a comprehensive financial plan.
2. Small eyes The 'Small Beautiful Eyes' tell you to 'Concentrate' on your financial planning goals. You need to ask yourself questions like: why do I need a financial plan? What are my specific goals with a period to achieve them? The goals that are identified need to be prioritized, and then start working to achieve them.
3. Large ears 'Large Ears' tell you to 'Listen More' to financial advisors/planners. There are interviews and TV shows by financial planners/experts that give insights on financial planning. Learn more about financial planning from their discussions and ensure that your plan is perfect. If it is difficult to manage your financial plan, then meet these experts to chalk out your financial plan and follow the recommendations they suggest to move in the right direction.
4. Small mouth Know this popular proverb: Actions speak louder than words. This means what someone says is different from what they do. 'Small Mouth' of Ganeshji tells you to 'Talk Less' and work on a financial plan with 100 percent dedication and focus to achieve fruitful returns. It is often seen that people prepare a financial plan and say they would start following it from that moment but after a few weeks keep pushing its implementation ahead citing silly excuses.
5. One tusk 'One Tusk' conveys 'Retaining Good and throwing away the Bad'. It means to analyze your portfolio periodically, sell off investments that are making losses, and stay invested in assets that are performing well.
6. Trunk Ganeshji's 'Trunk' conveys 'High Efficiency and Adaptability' and tells you to evaluate your portfolio regularly. There are times during which an investor needs to make defensive decisions and diversify investments to fixed deposits/bonds. But, when the market looks strong fundamentally, investors should make aggressive decisions of investing a major chunk into stocks that have the potential to perform well in the future. Financial planning also requires regular review and continuous progress to achieve set goals with some adjustments and overcoming obstacles.
7. Large stomach 'Large stomach' of Ganeshji asks us 'to digest all good and bad financial experiences in life'. Take every bad financial experience as learning by analyzing it and consider yourself one step closer towards success. Also, do not be overconfident with good financial experiences and success you achieve while making financial decisions.
8. Right foot over left foot Ideally, we see Ganeshji with his right foot over the left foot while he is in a sitting posture. This represents using 'knowledge and reason to overcome emotions'. You shall increase your financial planning knowledge by reading books, periodical magazines, or personal finance newspapers regularly to get guidance from experts.
9. Axe Many Ganesh idols show him holding an axe in one of his hands. He holds it 'To cut off all bonds of attachment'. It means don't get attached to particular companies/asset classes and stay invested even when they are not performing well. Keeping yourself away from attachment with stocks or asset classes (gold, silver, etc) will keep you afloat during volatile markets and help you make wise buy and sell decisions depending on market situations.
10. Mouse at Ganeshji's feet Ideally, we see Ganeshji using a mouse for a ride or has a mouse at his feet. This image conveys that 'you must keep your desires under control and not allow them to take you for a ride'. Desires could be anything: purchasing a car, LED television set, play station for children, an iPad, latest iPhone, etc. While preparing a financial plan, you need to keep a check on your desires and their actual requirement. Keeping desires under control and focusing only on actual needs will help you build a realistic financial plan, which is measurable and easily achievable.
11. Modak and prasada Ganeshji loves Modak and offers prasada to his devotees. These are considered as 'rewards of Sadhana (Devotion)' for followers. By following the advice given in a financial plan, you will definitely be rewarded in the form of achieving set goals in a timely manner. Having 'Lord Ganesha' as your friend is a sign of blessings, so move ahead in life by understanding these 11 financial planning lessons from Lord Ganesha.
From India, Ahmadabad
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341. Big head Lord Ganesha's 'Big head' tells you to 'Think big' and think outside the box. There are solutions to every problem you face in life. You just need to analyze the situation by keeping calm, and the answer lies within it. With investment planning, equal importance must be given to other aspects like tax planning, retirement planning, estate planning, and insurance planning, which play a vital role in making a comprehensive financial plan.
2. Small eyes The 'Small Beautiful Eyes' tell you to 'Concentrate' on your financial planning goals. You need to ask yourself questions like: why do I need a financial plan? What are my specific goals with a period to achieve them? The goals that are identified need to be prioritized, and then start working to achieve them.
3. Large ears 'Large Ears' tell you to 'Listen More' to financial advisors/planners. There are interviews and TV shows by financial planners/experts that give insights on financial planning. Learn more about financial planning from their discussions and ensure that your plan is perfect. If it is difficult to manage your financial plan, then meet these experts to chalk out your financial plan and follow the recommendations they suggest to move in the right direction.
4. Small mouth Know this popular proverb: Actions speak louder than words. This means what someone says is different from what they do. 'Small Mouth' of Ganeshji tells you to 'Talk Less' and work on a financial plan with 100 percent dedication and focus to achieve fruitful returns. It is often seen that people prepare a financial plan and say they would start following it from that moment but after a few weeks keep pushing its implementation ahead citing silly excuses.
5. One tusk 'One Tusk' conveys 'Retaining Good and throwing away the Bad'. It means to analyze your portfolio periodically, sell off investments that are making losses, and stay invested in assets that are performing well.
6. Trunk Ganeshji's 'Trunk' conveys 'High Efficiency and Adaptability' and tells you to evaluate your portfolio regularly. There are times during which an investor needs to make defensive decisions and diversify investments to fixed deposits/bonds. But, when the market looks strong fundamentally, investors should make aggressive decisions of investing a major chunk into stocks that have the potential to perform well in the future. Financial planning also requires regular review and continuous progress to achieve set goals with some adjustments and overcoming obstacles.
7. Large stomach 'Large stomach' of Ganeshji asks us 'to digest all good and bad financial experiences in life'. Take every bad financial experience as learning by analyzing it and consider yourself one step closer towards success. Also, do not be overconfident with good financial experiences and success you achieve while making financial decisions.
8. Right foot over left foot Ideally, we see Ganeshji with his right foot over the left foot while he is in a sitting posture. This represents using 'knowledge and reason to overcome emotions'. You shall increase your financial planning knowledge by reading books, periodical magazines, or personal finance newspapers regularly to get guidance from experts.
9. Axe Many Ganesh idols show him holding an axe in one of his hands. He holds it 'To cut off all bonds of attachment'. It means don't get attached to particular companies/asset classes and stay invested even when they are not performing well. Keeping yourself away from attachment with stocks or asset classes (gold, silver, etc) will keep you afloat during volatile markets and help you make wise buy and sell decisions depending on market situations.
10. Mouse at Ganeshji's feet Ideally, we see Ganeshji using a mouse for a ride or has a mouse at his feet. This image conveys that 'you must keep your desires under control and not allow them to take you for a ride'. Desires could be anything: purchasing a car, LED television set, play station for children, an iPad, latest iPhone, etc. While preparing a financial plan, you need to keep a check on your desires and their actual requirement. Keeping desires under control and focusing only on actual needs will help you build a realistic financial plan, which is measurable and easily achievable.
11. Modak and prasada Ganeshji loves Modak and offers prasada to his devotees. These are considered as 'rewards of Sadhana (Devotion)' for followers. By following the advice given in a financial plan, you will definitely be rewarded in the form of achieving set goals in a timely manner. Having 'Lord Ganesha' as your friend is a sign of blessings, so move ahead in life by understanding these 11 financial planning lessons from Lord Ganesha.
From India, Ahmadabad
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