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The art of wealth creation can be compared with the Lord Ganesha’s physique

There are lot of spiritual knowledge lord ganesha had taught us, the below 6 eternal rules of creating wealth that ought never to be forgotten.

1.Ganesha's Big head-Think big..It’s always good to think big. When it comes to investments or the financial aspirations, jot down the financial goals and the corpus required for each goal. This may be big when you jot down. However, when we start the investments early, it could be easy to achieve. The financial planning doesn’t require a huge investment to begin. It requires small investments with regular interval could help you achieve the big corpus required for the financial goals.


2 Ganesha's big ears-Listen carefully to everything:

There are lot of investment avenues and products available in the market. The avenue can be classified as Mutual Funds, Insurance, Stocks, Fixed Deposit etc., It is always advisable to listen carefully with the news’, trends in the market and the products recommended by your financial advisor before taking the investment decision. Listening is the best gift that can be best used in financial planning and investments. The knowledge grows more when you start listening.

3. Ganesha's large trunk - the power of adaptability.

Large trunk represents a lot of efficiency & adaptability. The financial situation may change from time to time based on internal and external changes. The external changes may be the market up’s and down or the interest rate movements. The market may react on sentiments and fundamental news. We need to adapt to the changes and stay invest in the market could yield you to achieve the financial goals.

The internal changes could be job change, job loss or even a sickness could hamper your financial life. We could always have a contingency fund which equals to 6-12 months of your expenses to cater to the needs of the family.

4. Ganesha's big belly-ability to digest the good and the bad.

The market may be bullish for some years and bearish for some years. The bull market brings a positive momentum and bear market brings a negative momentum. It means, the bull market provides a positive return in your portfolio and the bear market provides a negative return in the portfolio.

Instead of getting Panic and reacting on the bad news, it is advisable to keep focus on financial goals and the time horizon. The fact is that you need to digest both good and bad to achieve the long term financial goals.

5.Ganesha's ride (mouse) - humble in times of wealth.

Lord Ganesha, who is the God of prosperity, rides upon a humble mouse. You must remain grounded and humble with all the wealth you build up

6 Ganesha’s One tusk- The significance of one tusk, is keep good things in and bad thing out.

We can relate this to portfolio review in the financial planning activity. Once we build a portfolio with better performing mutual funds, stocks and other asset classes. It doesn’t mean that we married to that portfolio holdings. We need to review the portfolio once in 6 months to make sure that the portfolio is aligned with the financial objectives. Secondly, it gives an inside information on how the portfolio is performing visa-vis the peer group. If required, we need to move to the better performing mutual funds but not all the time.

So, Wealth cannot be created magically in hours or days. It always takes sincere efforts and pre-planning along with God’s wishes to create the wealth.

Start your planning today!!!

Happy investing..