Mahatma Gandhi, the Father of the Nation, is remembered by all for his numerous contributions to the freedom struggle. With a simple life yet great goals, Mahatma Gandhi taught the world many lessons. Today on the occasion of Gandhi Jayanti, let’s take a look at some financial lessons we can derive from his life.
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“The world has enough for everyone’s need but not everyone’s greed”
This saying by Mahatma Gandhi truly embodies what he stood for – Simple living. Once we apply this thought to our personal finances we will surely achieve all our personal milestones. Managing our personal finances and having defined saving and investment goals will help one stay on one path and not stray away from it due to temptations of overspending.
Patience Is The Key To Success
Patience was one of the many virtues of Mahatma Gandhi. It was his patience that helped him lead an entire nation to Independence with no violence. If one applies the same patience to their investing and saving habits one will see miraculous results. Market is all about having patience and giving your money the time to grow.
Have a clear vision of your goals
Mahatma Gandhi set his mind to something and he achieved it no matter how hard it was. Gandhiji wanted freedom for the nation and his method was through non-violence. Similarly, before embarking on a financial journey, one should have a clear vision of the goal and the path they need to take to achieve it. Only when your financial goals and the method to achieve them are defined will you be able to get to it. Once you have an idea of why you wish to save or invest and how there is nothing that can stop you.
Persevere to achieve your goals
The fight for freedom was a long and hard one, which would not have been successful if the freedom fighters had not persevered. With dedication and perseverance, Mahatma Gandhi was able to achieve get his country’s freedom. Perseverance helped achieve a lot of goals that seemed impossible in the freedom struggle. It can do the same in one’s financial life. If you set a financial target and persevere hard to achieve it even the most impossible-seeming goal can be accomplished.
“The future depends on what you do today”
This saying by Mahatma Gandhi is apt when it comes to financial decisions. Making financial decisions is extremely important for a healthy financial life. However many of us are guilty of not making an important financial decision such as start a SIP or buying a life insurance, in time. Such decision, if delayed, have a great impact on our future. Let’s take motivation from this saying and start working on our financial goals today for a better tomorrow.
Mahatma Gandhi was a disciplined, hard-working, and courageous man who wasn’t afraid to set high goals. He also did whatever needed to be done to achieve them while abiding by his ethics. Once we start to apply his teachings and learning from his life to our financial journey we will realize how a smiling old man who preached non-violence and led a simple life can better your financial journey.