We explain the meaning behind the pujan and how it connects with wealth creation.
Ashtha Lakshmi or the 8 manifestations of the Goddess
Ashtha denotes the eight manifestations of the Goddess. Goddess Lakshmi not just represents material wealth but also the wealth of knowledge, courage, and wisdom. Each of these values of Goddess Lakshmi are needed for our own efforts at investing and creating wealth.
Dhana Lakshmi or the Goddess of material wealth
A fundamental assumption for happiness is that one needs wealth to take care of the needs of one's family and for a rainy day in the future. The idea of Dhana Lakshmi is not just about money per se, but putting it to good use for the long term. This is where our idea of long-term investing comes into the picture. Investors need to ensure that their money works hard for them as that is the only way to sustain wealth.
Gaja Lakshmi or the Goddess of growth and movement
Gaja means elephant in Sanskrit, which denotes movement in the right direction like that of an elephant (or progress). When you are creating long-term wealth, your approach should be towards constantly growing your wealth and adapting to changes.
Adi Lakshmi or the Goddess of perpetual prosperity
Adi means the eternal. Wealth planning cannot be a short-term thing. Investing and planning your finances is all about making your wealth last an eternity and not just for instant gratification. This is only possible with long-term planning and by choosing the right investments that can create wealth with the power of compounding.
Vijaya Lakshmi or the fearless and determined achiever
This manifestation of the Goddess refers to values that help attain victory . Power alone is not the only way to succeed. Fearlessness and determination matter a lot more and as an investor, you must be always instilled with confidence to go ahead with your plans, determination to stick to your goals even when the market disappoints, and have the courage to take risk.
Dhairya Lakshmi or the goddess of patience and perseverance
Dhairya Lakshmi is a powerful manifestation of the Goddess with respect to the values of patience and perseverance. The takeaway for investors is that you need the twin qualities of patience and perseverance to create wealth in the long run. Whether you invest in equities or in mutual funds, wealth is never created overnight.
Dhanya Lakshmi or the Goddess of health
Health is definitely the most important aspect of being wealthy and prosperous. What use is money and wealth if the person does not enjoy good health? From an investment perspective, this has a larger significance. You not only focus on your own health but also the health of your portfolio. Your portfolio must be in shape and well-balanced to diversify risk and tide over the fluctuations of markets.
Vidya Lakshmi or the power of knowledge and wisdom
The manifestation reinstates the belief that education, skills, wisdom, and discernment can be crucial to enhance your wealth and prosperity over time. Vidya or education is a continuous process. When it comes to your investments and wealth creation, you need to constantly invest in new ideas and knowledge to create wealth.
Santana Lakshmi or the Goddess of fecundity
Here, fertility is used in a much broader sense and can be perfectly applied to our investment or wealth creation needs, especially with respect to the power of compounding. Compounding creates money from existing capital and aids wealth creation in the long term, hence, investors should use it to their best advantage.