It is 13 January 2025, the Mahakumbh has started today at Prayagraj. Mahakumbh is not only one of the holiest gatherings to cleanse our sins and purify our karma but it also reflects an important learning which can improve our financial future. Here are 7 learnings from Mahakumbh;
1. Patience- Mahakumbh is organized after 12 years of gap. People wait for it patiently, plan for it well in advance take the holy dip after a prolonged period of time and feel spiritually cleansed. The same applies to financial planning, you can’t jump from one investment to another to reap the most from your investment. You have to wait for your investments to work. Patience is a virtue, it is tough to practice but it rewards handsomely to those who practice it.
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2. Planning well- Mahakumbh is the biggest gathering of different types of people with different sets of minds but they all have the same goal of purifying the karmas and advancing themselves spiritually. The same applies to investments, the investing crowd has different types of people with different sets of minds but all have the same goal of getting good returns from their investments. That is only possible with good planning.
3. Faith and discipline: Mahakumbh is a symbol of people’s faith and the same applies to investing when you have done your homework well you need to have faith in your investments.
4. Diversify: In Mahakumbh different people from different parts of the world come and enjoy spiritual bathing and the same applies to financial planning where diversification is important with different types of assets.
5. Periodic review: Mahakumbh is a periodic event so our investment needs periodic review to differentiate good vs bad investments. Keep the good, trim out the bad.
6. Preparation: 100+ million people visit Mahakumbh and without efficient planning that event can’t be successful. And so is true for our investment, you can’t invest your hard-earned money in any stock or mutual fund until you prepare well, learn well about it and scan out that it is going to be a successful investment.
7. Awakening- Like after bathing in Mahakumbh, we feel spiritual awakening and enlightenment so after a long period of making continuous investments when we see that our investments are truly working, we feel the joy. We congratulate ourselves for our patience, perseverance and having faith.
What do you think about Mahakumbh? It is holy, occurs periodically and spiritualizes our body so enjoy the Kumbh mela, deeply learn its purpose and apply that in your life.