8 EXCEPTIONAL FINANCIAL LITERACY LESSONS FROM GREAT RAMAYANA
This is all about personal financial literacy & education.
Secure your life :For Laxman , Hanuman played instrumental role to save his life.So, adhere to health & life insurance today, to protect life.
Set "Laxman Rekha" of your financial budget and make sure not to cross it due to luring online discounts. Understand the difference between need and want
Set your budget, Always
Not everyone can live with sudden changes in lifestyle, like rama . Have an adequate emergency fund to handle unforeseen circumstances.
Provision Contingency Fund
Be Patient / Think Long Term :
From very basic to self-watering.
Lord Ram patiently waited until the situation became favorable. Stay invested for the long term, there is no shortcut to success.
Choose advisers wisely :
Stay away from those trying to sell Lucrative policies and distributors who are disguised as advisors for their own benefit.
Lord Rama patiently built network and Vanar Sena to reach the objective of defeating the Ravan. It takes patience to build a corpus, to defeat inflation in the long run.
Build a Corpus :
Lord Ram practiced ACTIONS in right, responsible and disciplined way. Apply a similar theory. Save judiciously, spend carefully and invest wisely.
Cultivate discipline :
Lanka War marked the defeat of evil and set the stage for a new path. Similarly, forget bad past decisions & make informed decisions to restart financial journey.