Happy Gandhi Jayanti: Finance mantras that you can learn from Mahatma Gandhi
Any aspiring investor can draw inspiration from Mahatma Gandhi’s life and lessons, and the virtues he professed in his life can guide all towards financial wisdom.
October 2 marks the birth anniversary of Mahatma Gandhi, who is also known as the Father of the Nation. Mahatma Gandhi, the face of India’s freedom struggle, is seen as a fountainhead of ideological inspiration not only for Indians but for the world at large. His ideas, teachings, and philosophy of life have continued to inspire people over the years. Renowned personalities like Nelson Mandela, Martin Luther King Jr., Albert Einstein, John Lennon, amongst others, have acknowledged the influence of Gandhian thoughts in their life. His teachings and philosophies remain uniquely relevant even today and financial investors can draw inspiration from them in different aspects of our day-to-day life.
Gandhism and Investment Decisions
Mahatma Gandhi’s life is filled with examples that amaze us with his strength of character, while his struggle for India’s freedom is all about his incredible patience, self-belief, and persistence towards the goal of Independence. On the occasion of his birthday, let's look at the preaching of this great man and find out how they can guide you in your investment and financial decisions.
Keeping the Future in mind
Perhaps the most apparent example of Gandhi’s relevance in investment decisions is his famous quote, “The future depends on what you do today”. People often make the mistake of postponing investment plans for tomorrow while they enjoy their earnings ‘today’. But it is the decision today to bring in some financial discipline that will bring prosperity to your own future. When it comes to managing our own finances, there are various investment options where we can choose to invest our hard-earned money.
Balancing Risk and Return
Mahatma Gandhi also said that there is more to life than simply increasing its speed. This, again, holds great relevance when it comes to the importance of patience and steadiness while investing. Investors should not fall for dubious schemes offered by little-known firms that show the dream of quick money. Neither should you invest all of your savings in a risky-looking scheme.
Keep Faith & Patience
When it comes to investing in the share market, it requires a lot of patience and faith in own conviction. Mahatma Gandhi said that living faith will last even in the middle of the blackest storm. Keeping the faith is the mantra here. Investors should keep the hope alive even in difficult market conditions, although it is equally essential in the share market to identify the mistakes as early as possible. And as Mahatma Gandhi often said that freedom is of no worth if it does not allow you the freedom to make mistakes. We are all prone to an occasional mistake but wisdom lies in admitting to yourself that you are wrong. You can make your investments and watch how they perform on a real-time basis.
Invest as per the need not as per the greed
Mahatma Gandhi's famous quote, "The world has enough for everyone’s needs, but not everyone's greed" is still a living example of how we should take life's decision. This is apt for investment or buying simple things in your everyday life.
Small steps that make a giant leap
Mahatma Gandhi often said that it is very important to do things even though they may seem insignificant at the present moment. Deciding to invest Rs 500 per month at the beginning of your career may seem like a meager amount but you will be surprised to find out the amount accumulated by the time you retire. The success of managing personal finance is in the simple and sure-footed approach towards life that Mahatma Gandhi adopted and preached throughout.
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Thus, we often see that Gandhian philosophies are all about great self-discipline, emotional control, and tremendous patience, ability to see as well as persist in the long run and learn from mistakes – virtues that are really helpful in dealing with the complexities of personal finance and investment.
Any aspiring investor can draw inspiration from Mahatma Gandhi’s life and lessons, and the virtues he professed in his life can guide all towards financial wisdom. So next time you have a wad of currency notes in your hand and you are wondering what to do with it, ask the old man with the disarming smile peeking out of those notes. In his life and teachings, you will find your answer.
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