Posted on: Sep 7, 2022 | 3 mins | Written by: HDFC ERGO Team

Lessons on Financial Prosperity this Ganesh Chaturthi

Tips on financial prosperity this ganesh chaturthi

Lord Ganesh or Ganpati is the God with an elephant head and is one of the most loved Gods in Hinduism. No new work starts without his blessings, and he is known to be the God of knowledge and wisdom. It is a common belief that Lord Ganesh removes all obstacles and destroys evil. He is known to bring wealth, prosperity, and growth. We all know about health insurance, motor insurance and home insurance. These are all undoubtedly important, but there are other aspects also of financial prosperity, and Lord Ganesh imparts many which we must learn.

Ganesh Chaturthi is a 10-day festival where people pray to Lord Ganesh. Some bring idols to their house and offer prayers and sweets daily, and at the end, immerse the idol in water. Lord Ganesh is celebrated not only on these 10 days but also throughout the year. Many offices have idols, and he is associated with financial wisdom and prosperity.

This Ganesh Chaturthi let us see what the important financial lessons one can learn from God can be implemented in daily life and help in financial gain.

1. Focus on Financial Goals

Setting targets undoubtedly is the first step, but unless and until you take action, the targets are mere plans. One must set targets and then remain focused on them to achieve them. You should target what you want to achieve. To ensure no financial emergency hits you and ruins the planning make sure you have adequate health insurance, home insurance, and motor insurance. These plans will ensure you can save for that car or that house or a certain amount of investments for your child’s education. Lord Ganesh is known to be in deep thought and focus on one point and this is what we must learn.

2. Accept Uncertainties

Life is full of uncertainties, and there is no way in which we can avoid them. We never know what life will throw at us, and the pandemic has been the best example of this for our generation. Lord Ganesh is known to remove difficulties and obstacles in life, and this should inspire us to plan well so that these uncertainties do not affect us a lot. We should be prepared well and be ready to take the challenge. Speaking of the pandemic, people who had health insurance were comparatively better prepared than others. The future cannot be predicted, but securing it is the best thing that can be done.

3. Be Adaptable

Everything does not go as per plan in life. This does not mean we stop planning, but this also means that we always stay prepared for uncertainties and be adaptable. Staying rigid in these times does not help. Your celebrations might not go as planned, or something else can happen. Lord Ganesh teaches us to be flexible and endurance. Like your celebrations and life, the investments can also not give the desired results, and being patient and having an adaptable strategy always works.

4. Set Budgets

When you are preparing for Ganesh Chaturthi celebrations, always plan well and create a budget so that you do not go overboard. You should list down all heads where you will spend and the amount you intend to spend. This exercise at the festival will help you learn the skill of budgeting in daily life. It is always important to work on budgets, be it monthly or annually. Monitoring expenses and income is important for financial planning and prosperity. This will help you build wealth, keep your family secure and provide for them, and also do tax planning.

5. Listen and Be Aware

Lord Ganesh has an elephant head and big ears. These teach you to be vigilant and listen at all times. You should listen to sound advice from experts when making financial decisions about investments or your motor insurance or home insurance. Friends can give advice, but that might not be the best advice always. Being aware and finding the right person to guide you is important.

6. Learn To Let Go

Many decisions have to be taken from the head and not from the heart. Not all financial decisions you take can work or rather will work in your favour. Strategies tend to go haywire. The lesson to learn from Lord Ganesh and his trunk is to use your mind, and if some decisions go wrong, learn to let go. The same holds for financial decisions. Investments that go wrong can affect the portfolio, and it is best to get the best you can from them and move on.

7. Have an Appetite to Grow

Everyone knows about Lord Ganesh’s appetite, and this should inspire us to have an appetite to take risks and have an appetite to grow. There is not a direct relation between the two, but both are important when it comes to financial planning and prosperity. Always know your capacity to take risks, and once you have limits set, you can chalk out a plan to grow.

8, Be Inquisitive

Lord Ganesh always wants more knowledge, and like that, on this Ganesh Chaturthi, we must also be inquisitive and aspire to gain as much knowledge as we can. You can learn new skills or new techniques and also learn new investment opportunities. This way, you will know new and better ways to manage finances and achieve financial growth.

9. Family Contribution

When celebrating Ganesh Chaturthi, it is the responsibility of each and every family member to take part and contribute to the preparations. Similarly, this is important when it comes to managing savings, expenses, and investments. When each and every family member contributes to financial goals, achieving them becomes easy and a more attainable target. When the entire family works towards the targets, the journey becomes easier, and the goals become more achievable.

Conclusion

Lord Ganesh is a God we all worship but this Ganesh Chaturthi, we must all know how much we can learn about. Although buying health insurance, home insurance, and motor insurance is important and should be the first step when it comes to financial planning, there is much more we should know about financial prosperity. Lord Ganesh gives us some very important lessons. Adopting the qualities of the elephant head God can help us set and achieve our financial goals. These are essential to not only provide for your family but also secure your future. So this Ganesh Chaturthi, stay humble like God Ganesh and learn his patience and hunger for knowledge to attain your financial goals. Take his blessings this festive season, and take the steps in the right direction.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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