From mythology to money management: Understand these 6 crucial financial lessons from Vijayadashami

Every year, Indians around the globe celebrate the festival of Dussehra or Vijayadashami, which signifies the victory of good over evil. 

It's not just a time of joy and celebration but also offers a chance to learn vital financial lessons that can help manage personal finances efficiently. Here are some financial lessons that we can glean from the festival of Dussehra 

As Lord Rama embodied righteousness and honesty, we should exercise the same virtues in our finances. Avoid unethical practices like tax evasion or money laundering, as these would ultimately result in financial loss and reputational damage.  

In the epic Ramayana, Lord Rama spent an extensive exile and made strategic alliances before his victory over Ravana. This underlines the importance of financial planning. One must plan their finances carefully, considering all potential challenges. The cornerstone to financial freedom and security is planning early and wisely 

Lord Rama remained loyal to his goals despite multiple adversities. This teaches us to stay focused and persistent towards our financial goals, whether saving for retirement, clearing out debt, or investing in a venture. Ups and downs are part of life, but one must stay committed and patient to achieve financial success 

The power of patience that Lord Rama exhibited during his long exile period teaches us to be patient. Achieving financial goals is not an overnight objective; it requires time and patience.  

Dussehra celebrates the tenacity of Lord Rama, who stuck to his path even when difficulties surrounded it. Success in the financial journey also comes to those who maintain a disciplined saving and investing approach.