Mahatma Gandhi and Financial Discipline

Almost on each passing day, we come across valuable guidance to improve / achieve our financial goals.  Some of the best suggestions to achieve one’s financial goals include:


· Invest early and regularly


· For your short-term goals maturing in less than 1 year, invest in liquid / liquid plus / short term instruments such as mutual funds


· For your medium-term goals maturing between 1 and 5 years, invest in debt instruments / mutual funds and bank fixed deposits


· For your long-term goals due after 5 years, you should take exposure to equity instruments, preferably through diversified mutual funds through systematic investment plan


· You should always follow ‘optimum asset allocation’ strategy by having exposure to various asset classes such equities, debts, real estate and gold instruments


· You should review your portfolio periodically and rebalance when needed


Though thousands of Indians read and hear the above time-tested principles, guidelines, suggestions from various trusted sources, hardly few of us respond and act on these suggestions


This reminds me of an incident wherein Mahatma Gandhi took something he saw and heard seriously which transformed him into a globally acclaimed personality


Once M K Gandhi was watching the ‘Harichandra’ drama along with hundreds of others. However out of over several hundreds of people in the audience, only M K Gandhi started taking serious note of the ‘truth always triumph’ message contained in the drama. M K Gandhi followed the principle contained in the drama all through his life, in a “disciplined way”, despite facing several hurdles. This steadfast following by Gandhi has placed him in the irreplaceable position in the human history


On this Gandhi’s birthday, let us follow some of the life-changing principles of ‘financial planning’ in a “disciplined way” so that we can achieve our life’s goals comfortably and reach great heights in our personal and family life


Contributed by


Partner, Parthas Consulting, Chennai


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