Key investment insights from the life lessons of Mahatma
4 key financial Investment lessons from Mahatma Gandhi
While we celebrate 152nd birth anniversary of the spokesman of the weak, ambassador of truth and the father of our nation Mahatma Gandhi, Lets follow his foot-steps in the investment for a self-reliant and peaceful tomorrow.
It’s even surprising for us while doing on research about the relevancy that the thoughts of the great man has even after decades of his demise. The Gandhian way was/is/always always holds true in the financial context.
He was a man who believed in his vision of liberated and self-sufficient India, and that starts from the glass roots of this vast nation. So, these ideas and his ideologies must be read with the following perspectives in mind.
Consistency is the Key
Gandhi entered the fight for Indian Independence when he believed in what he was doing. He had a long-term perspective and never lost sight of the big picture, even when there were setbacks. This is also important in investing in stocks.
The markets are volatile now with both the Sensex and Nifty recording blips, but if you invest in fundamentally sound stocks and remain committed, you will be successful in the end.
Working towards an investment goal is hard. Other people will always be making noise and it can be tough to focus on what you are trying to do. You have to have focus and determination.
As the great soul said, “Strength does not come from physical capacity. It comes from an indomitable will.”
Reach out to everyone but be self-reliant
Bapu wanted to work with everyone, even people who did not believe in his principles. This is because the British were trying to divide India by “divide and rule.” Bapu worked hard to reach out to all different kinds of people.
Investing means spreading your money across different types of assets so that you can reach your goals. Invest in market-linked products to help you grow your money. And invest in fixed-return instruments if you are afraid that the stock market will go down. Then, even if the stock markets do go down, your money will still be safe and you will also have more money than before.
Gandhiji taught us to be self-reliant. He always stressed the importance of this. It is often the case that our best strategies go wrong and we end up with losses. But if we are humble enough, and rely on our research instead of taking tips from other people, then half the battle is won.
Focus on needs, not wants
Bapu was a very simple person. He had only a few things and led a disciplined life. This is important now because we are going through difficult times with pandemic events.
In these times, it is important to not spend money on things you want, but rather focus on what you need.
Don’t tire after you retire
Gandhi said that the future depends on what you do today. If you do things now, then your future will be better. Most people are too busy enjoying themselves to think about their future needs.
You might not be able to retire when you would like if you don’t start saving for it now. Those days when people had pensions are gone. If you wait, then there is a chance that you won’t have enough money in the future.
The early bird gets the worm. If you invest your money, then you will have more money because of the power of compounding.
Make sure you have good health and life insurance policy. This will protect you from things that happen, like being sick or dead.
The principles that Gandhi tried to teach help you overcome challenges and reach your goals. On Gandhi’s birthday, let us promise to follow his principles in life and finances.
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