Best Investing Lessons from Lord Ganesha 2024

The Ganesha Chaturthi festival is about to begin, and it is the ideal time to reflect on the beloved God and learn valuable lessons about Investing.

Lord Ganesha is most loved by one and all. Devotees across the world demonstrate their fervent devotion to God by bringing the idol at home and by Offering various kinds of modaks, fruits, flowers, etc. But did you know Lord Ganesha holds a deep significance? Every part of Lord Ganesha, right from the - head, ears, and trunk to his small feet - is the symbolism of traits and qualities that people must imbibe for a successful life.

The purpose behind idol worshipping is to understand its symbolic meaning and apply it in your daily life. Likewise, while celebrating Ganesha Chaturthi with great zest, one should also carry the wisdom that the symbolism of Lord Ganesha holds.

As the ‘Elephant God’ is the epitome of wisdom and intelligence, adapting these qualities will not only impact your financial life, but also can uplift your spiritual life leading to eternal happiness.

Top Lessons from Lord Ganesha for Strong Financial Life

1. Lord Ganesha’s Big Head - Be Broad-Minded and Full of Wisdom

The large head of Lord Ganesha symbolises open-mindedness, foresight, and an ocean of knowledge. It represents our ability to think and analyse. As an investor, you should gather information about assets, companies, Market situations, etc., to analyse thoroughly before investing your money.

Lord Ganesha is the God of discrimination (Viveka Buddhi), which means to use the power of intelligence before taking any choices in life. In the world of investing, you must be able to discriminate between good and bad investments as per your Financial goals.

When it comes to becoming a wise investor, get inspired by Lord Ganesha. Get rid of bad spending habits, allow yourself to create a budget and invest sensibly. To ensure your future, create a wise goal-based financial strategy. Break your goals into time frames - 3 years, 5 years, 10 years, etc., and diversify your assets by choosing the appropriate Investment plan. Higher thinking allows you to plan for a brighter future with a solid financial strategy.

2. Lord Ganesha’s Big Ears - Have Good Listening Skills

Communication would be incomplete without effective listening abilities. Lord Ganesha’s large ears symbolise the quality of a good listener. Being a successful investor also requires you to be a good listener. A wise investor will never listen to herd noise, rather only listens to sound financial counsel.

If you ask appropriate questions and listen to the advice of an unbiased, ethical, experienced, and research-backed financial adviser, you will make better investment decisions. Always involve your family in decision-making and consider their financial goals and desires. Consider your ears as funnels via which you may filter important information from irrelevant information. Look for all the relevant news headlines, stories or currently occurring events that may be helpful for you in making well-informed and most appropriate investment decisions.

You will be able to go through the key plans and choose what is good for you if you listen in conjunction with wisdom. Keep in mind your financial goals, investment horizon, financial situation, age, risk profile, and the time that it will take for the completion of your goal.

3. Lord Ganesha’s Eyes - Work with Keen Focus

If you would have noticed Lord Ganesha's little eyes are sharp, which signifies the power of focus and concentration. As an investor, you must keep sharp eyes for gazing at the details. For successful investment, you should focus on the future and keep a long-term perspective.

Have a well-diversified plan and stick to it for the long- term. Don’t fall for a stock or fund that is currently giving high returns. Take a detailed look at its track records, and check how the fund has performed during bad market conditions. Use your power of concentration while doing research and analysis. After making an investment, ensure you invest regularly.

4. Lord Ganesha’s Long Trunk - Learn to be Flexible

The suppleness of the trunk of Lord Ganesha indicates his flexible temperament, and he follows what is righteous. Hence, 'Vakratundaya' is another name for Lord Ganesha. As an investor, having the ability to be flexible is of utmost importance. Since the market is in constant flux, you can experience highs and lows in the Portfolio. But always try to harbour an adaptable nature towards our finances.

Vakratundaya also means that a path to eternal happiness is not easy, you will need to have a strong determination to cross difficulties to get to the other side of the shore. Likewise, the route to building strong finances is difficult, you will always have rough terrain to cross, which means that you will have bad market times, Economy slow down, market crashes, etc. But you have the power of discrimination - whether to hold on to your funds, switch to another fund or simply get carried away with the herd and make hasty decisions of selling the asset or investing without research.

Furthermore, ensure to evaluate and monitor the performance of your portfolio on a regular Basis to determine if it is supporting you in your pursuit of wealth. Be flexible about any new investing alternatives so you can make quick adjustments to your portfolio.

5. Lord Ganesha’s Tusk - Good Over Bad

Lord Ganesha’s tusk symbolises the separation of the good from the bad. Be it financial life or personal life you will always have the choice to either act wisely by choosing what is right or get emotional and take wrong decisions. Many investors aren't aware of assets that are harmful to their investments. The broken tusk teaches to take act wisely by removing any bad apples harming your folio. Keeping underperformers in your portfolio might be just as damaging as dumping a fantastic investment. When analysing your portfolio, carefully separate the underperformers from the outperformers and eliminate these funds if you want to reach your goals faster.

6. Lord Ganesha’s Huge Stomach - Learn Greater Endurance

Lord Ganesha is often referred to as 'Lambodar’, which literally means 'the one who has a pot belly'. The large stomach symbolises the capacity to easily digest all good and bad things in life. For investors, it can also be interpreted to simplify investments as if you were eating a meal or Lord Ganesha's favourite sweet dish (Modak) in little portions. As a beginner, starting your investment with little amount is ideal. Many newbies put a huge amount of money at one go without considering risk tolerance (risk, age, financial situation, etc), which later leads to disaster.

Start modestly with a Systematic Investment Plan (SIP) and gradually increase the amount as and when your Income sources increases. SIP gives benefits of rupee cost averaging and Power of Compounding, through which your corpus grows over time.

Many people do not have a contingency reserve and suffer financial and emotional hardship as a result of unforeseen events. Therefore, invest a large sum in short-term funds which will help you build your contingency reserve. These are a way to cover your and your family's expenses in the event of a market crash, loss of job, a medical emergency, or any other unforeseen catastrophe that results in a temporary economic crisis.

Alternatively, if you want a better interest rate, you can opt to invest in Liquid Funds as it gives little better returns than a Savings Account.

Remember, even a perfect plan can get affected due to a market hit, so get inspired by Lord Ganesha in order to disgust the bad phase of the market.

7. Lord Ganesha’s Small Leg - Learn to be Grounded

The small legs of Lord Ganesha holds one of the important significant lessons to learn. The two legs represent two things - the folded Leg teaches us to be grateful to our masters / teachers. The other leg, which is straight and firmly placed on the ground symbolises 'humbleness'. No matter how successful you become as an investor, always stay grounded and deeply rooted to your values. Your achievements should make you modest and humble. Most importantly, don't settle for temporary success, instead, aim for higher goals and achieve eternal happiness.

Conclusion

As you now know that Lord Ganesha is the God of discrimination. Acting wisely by choosing the right plan as per your goals will lead you to success and prosperity. Gaining wisdom is a key reason why people seek blessing from the ineffably charming Lord Ganesha before beginning any new journey in life. We hope this knowledge will enlighten you towards leading a happy investment journey.

By Rohini Hiremath

Rohini Hiremath works as a Content Head at Fincash.com. Her passion is to deliver financial knowledge to the masses in simple language. She has a strong background in start-ups and diverse content. Rohini is also an SEO expert, coach and motivating team head!

You can connect with her at rohini.hiremath@fincash.com