Lord Ganesha is revered as the God of wisdom, obstacle remover, emblem of happiness and caretaker of knowledge. Adored by kids as well as grown-ups, Lord Ganesh not just embodies all the above mentioned traits but also gives us a chance to learn financial lessons from his body parts as well. We at Loan Singh thought of doing just that today. Tomorrow is Ganesh Chaturthi 2018. We imagined the idol of Lord Ganesha and found financial lessons that can be drawn from it. We only hope that these lessons will help salaried individuals to receive enhanced prosperity and sound financial freedom.
Financial Lessons From Lord Ganesha
Salaried individuals like you and me find it hard at times to pay off personal loan EMIs, struggle with maintenance of multiple credit cards, make poor investment decisions and give into compulsive spending. We are least bothered about retirement plans as we are still working on full throttle from 9 to 7.
How many times have we looked at Lord Ganesha and asked for answers? Asked him to make it easier to pay off bills? Sought his blessings before applying for a loan to either buy a new refrigerator or a used vehicle? The truth is that looking at him literally and mentally through prayer can help us dig deep and solve our financial problems. Let’s look at 5 financial lessons that we can identify by simply looking at Lord Ganesha. Also, remember that you can easily apply for a festival personal loan or Ganesh festival personal loan by going to Loan Singh’s website.
Happy Ganesh Chaturthi 2018 from the Loan Singh family…
Lord Ganesha’s Ears
The large ears of Lord Ganesha symbolize the need to hear everything that is being told to you but listen which is the most important. This can be implied to the financial advice we receive from various sources. Our family members give us advice with regards to where to invest our money, or advertisements that flash on the tele telling us that ‘Mutual Funds Sahi Hai’.
All these are inputs that come our way and we need to choose the best option from these based on our financial scenario and judgment. Everyone from the colleague you bump into in the elevator to the local barber has an opinion with regards to asset management or financial services. Some will recommend better interest rates while some will be damning towards poorer returns.
So listen to financial advice either from a reputed source or from somebody who has tried and tested the advice in the first place.
Lord Ganesha’s Head
The large head of Lord Ganesha tells us to keep a cool head even when certain financial decisions don’t go your way. You don’t need to wrack your head trying to figure out what’s outside the box. Sometimes the right financial solution can be right in front of your eyes. There is no need to get heavy headed. Just stay calm and patient. In case the EMIs are a burden, try reducing your expenses somewhere. If credit card statements are drilling a hole in your wallet, apply for a debt consolidation personal loan and get it cleared. It’s better to have one cycling debt than have multiple ones. Hire a portfolio manager to manage your investments if you are struggling to monitor them yourselves. In mutual funds, assets need to be diversified during times of volatility in the market.
You also need to use your head when setting up an emergency fund. In case you don’t have one, then start making one. A personal loan is a great financial option when it comes to solving quick expenses needs. An emergency fund can replace your dependence on excessive credit card usage.
Close to 4 months of saved up living expenses can be termed as an ideal emergency fund.
Lord Ganesha’s Eyes
The small eyes can be interpreted to being vigilant when analyzing your expenses. Sometimes the expenses are so overwhelming that we cannot locate where exactly to put a stop to the expense of cash. Compulsive buying, especially during festive seasons such as Diwali or Navratri, can lead to shopping of unnecessary items.
The idea here is to prioritize your purchases. If you can push the purchase to next week or next month, then you are actually breaking the compulsive trend. Prioritize the expenses by maintaining a sheet to keep track of your income and the expenses incurred each month. Looking at it with concentration and discipline can help you save a lot.
This is especially important for those who have availed any form of loan – secured or unsecured. Prioritize your EMIs. First spend your income over credit responsibilities and then only over yourself.
Lord Ganesha’s Mouth
The small mouth can be likened to one’s monthly salary or income and how it grows slowly and steadily when you do well at your work. Salary increments or bonuses are great when it comes to financial stability and building up your savings.
Your mouth should do less of talking and more of doing. Set achievable targets instead of going overboard. Before applying for a personal loan of a large amount, first see if you can afford the monthly EMIs or not.
Lord Ganesha’s Trunk
Lord Ganesha’s trunk aid in breathing and also in picking up objects, such as his favorite Modaks. You need to also be versatile enough to embrace financial decisions. During demonetization, so many of us were clueless about our financial future. The cash lying at home had to be exchanged to get value from it. Many opted for a personal finance loan with Loan Singh to carry on with their lives until the currency was reinforced.
Manage your work and family well. Just thinking about finances to fill your bank account is not enough. Plan a travel holiday for example. In case of lack of funds, apply for a travel personal loan with Loan Singh.
About Loan Singh
Loan Singh is a digital lending platform that prides in providing online personal loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs.50,000 and Rs.5,00,000 taken for purposes such as:
- Home improvement loan/Home renovation loan
- Marriage loan/ Wedding loan
- Medical loan
- Used vehicle loan
- Consumer durable loan
- Vacation loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Travel loan
- Festival loan
- Gold jewelry loan
- Shopping loan
- Lifestyle loan
You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement, PAN, and Aadhaar for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd and is a partner to the Airtel Online Store.
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