5 vows of goal based financial planning

How is Five Great Vows Of Lord Mahavira connected with Goal Based financial Planning

At the heart of right conduct for Jains lie the five great vows:

1. Nonviolence (Ahimsa) – not to cause harm to any living beings – if one is investing for his or her goals he is Practicing Non violence because his dreams will not perish and not die

2. Truthfulness (Satya) – to speak the harmless truth only- when someone is truthful to his dreams and goals . He is aware of the truth and working on it will ensure not harming self and near and dear ones

3. Non-stealing (Asteya) – not to take anything not properly given- When small amt is saved every month for goals . Emergency funds is also kept aside ( requirement of a goal based financial plan ) , there is. I need to steel and tell untruth

4. Chastity (Brahmacharya) – not to indulge in sensual pleasure- save 50% of the earnings for Goals . Spend less and stop unnecessary expenses leads to exclusion of sensual pleasure .

5. Non-possession/ Non-attachment (Aparigraha) – complete detachment from people, places, and material things. Once you have planned and kept aside the for your goals getting detached with the results is the key . One has to save for goals as if it is just his or her duty (Karma) . The saving is for a cause like child education, Child marriage , retirement , emergency fund , vacations for parents and family or owning a house . Non possession never signifies not to own it signifies own for a cause / Goal . And non attachment is connected with result . We have no control over result so never fee sorrow or happy about the outcome .

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Helmets

We need guards in sports and also in life . The coach and teachers in life act like a guard in life .

Did you ever realise what makes a car move in such a speed . The driver can speed the car only and only because of one things in the car and that is “Brake ” yes because the car is created with this unique guard called brake the driver has the ability to drive it fast and in speed . He is rest assured that the car can be stopped anytime .

In investments also a Volatility Coach’s work is similar . He is the one who can ensure that the speed and progress of an investor can be ensured . The best part of all this is the hurdles reduces and are controlled by the Volatility Coach .

One must therefore ensure that he or she equipped with the guards .

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