Learn Financial Lessons with Vedas

The Vedas have been the source of all knowledge for us for centuries. The Vedas are divided into four categories: Rig-Veda, Saam-Veda, Yajura-Veda, and Atharva-Veda. The name 'Veda' refers to knowledge, and its derivation 'Vedic' refers to someone knowledgeable. In other terms, a Vedic human being is someone who follows the Vedas' collective wisdom in all aspects of life. It becomes Vedic financial guidance when we apply Vedic knowledge to the deliberation of financial concerns. Here are five important Vedic financial management teachings that each of us should practice in our daily lives.

“You must gain wealth through great deeds.” - (Rig Veda Samhita vi-19-10)

As humans, we have five essential roles or responsibilities, according to Vedic philosophy. The Creator has given us the following responsibilities:

1. Brahma Yajna(Service to God)

2. Deva Yajna(Service to gods)

3. PitrYajna(Service to your ancestors)

4. ManusyaYajna (Service to fellow human beings)

5. BhutaYajna(Service to the rest of the creatures)

The Vedic writings also state that wealth is required to carry out these responsibilities. As the family's breadwinner, you must earn a living to provide for your family through working in a profession or commercial activity. Furthermore, you must ensure that you spend your money properly and refrain from engaging in any illegal activity (or avoid bad karma). You can achieve a good reputation in front of your family and society at large by acquiring wealth in ethical and moral ways and using that to fulfill your responsibilities.

“A Man Shall Strive to Win Wealth by the Righteous Path” (Rig Veda Samhita x-31-2)

Money, according to the Vedas, is 'green energy' that you receive in exchange for your energy (in the form of concerted physical and mental effort). To put it another way, we channel our inherent energy in such a way that it benefits others.

As a result, we are rewarded for our efforts in the form of money (or anything else that we deem of value). The 'business component' of life refers to the exchange of energy and efforts. As a result, the Vedas stress the need of optimizing your money and waiting patiently for your fortune to rise.

“Early risers are rewarded with the treasure.” (Rig Veda Samhita i-125-1)

The aim of our existence, according to the Vedas, is to experience true happiness. Many of us spend our entire lives trying to find happiness, but it completely escapes us. To ensure that we are on the right route to reaching life satisfaction, we must differentiate between our wants and needs and strike a balance in our lives. As a result, we should begin working toward meeting our needs as soon as feasible. The sooner we begin our road toward financial contentment, the higher our chances of utilizing the relevant tools to achieve our goals.

“For Today and Tomorrow, One Yield Just Wealth.” (Rig Veda Samhita vi-71-6)

The Rig Veda, which emphasizes the conservation of resources (both physical and financial) to meet future needs, is one of the most well-known Vedic financial management lessons. The Vedic wisdom, on the other hand, condemns poverty and instructs you to take action to end it.

Individuals with this mindset will never sacrifice their long-term ambitions for immediate gratification. Instead, they work strategically to build and preserve their wealth so that they can meet their current obligations while also ensuring that they have enough financial cushion to meet their future demands.

To accomplish so, you'll need a balanced perspective and the ability to live within your resources. While focusing on the duties at hand, you will be able to imagine your future and take the necessary measures to turn your vision into reality. This is how the Vedic approach to financial planning works.

Closure

Veda is an answer to every financial issue whether it's big or small as it teaches us to face the situation and perform accordingly.