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 .

@volatilitycoach #yourstruly

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