Listen to your Great grand father-Chankaya! Let’s analyse as to why. Initially one runs after Money. Then Money starts listening to their orders. If you don’t control your money, then your monies will start controlling you for the lack of it.

Chanakya has spoken about Wealth Identification,creation,Management and Distribution. As known Chanakya who belonged to  375–283 BCE was an ancient Indian active teacher, author, strategist, philosopher, economist, jurist, and politician and what not. He is traditionally identified as Kauṭilya or Viṣhṇugupta. He authored the ancient Indian political treatise, the Arthashastra, a text dated to roughly between the fourth century BCE and the third century CE. As such, he is considered the pioneer of the field of political science and economics in India. Chanakya assisted the first Mauryan emperor Chandragupta in his rise to power.He is known for his wisdom and knowledge.Before centuries ,its quite surprising to see someone who has spoken about wealth creation and management.In such case we are still not advanced.

Here below we try linking some of the Chanakya Nitis which are relevant and very useful in wealth management to the Individuals. I get reminded of Current day Simon Sinek who wrote in his book “ Start with why”.

1.Chanakya Niti says:  Ask three questions to yourself before you do anything

What do i need to do?

What will be the outcome?

What will be its worth?

Our take :  We request you to relate these to your Investment planning.In the financial planning we say start with the analysis of your current financial situation and work on Goal planning to know the purpose of making the Investments and  plan for the future value of such goals and then decide to invest today accordingly.

2.Chanakya Niti on when one should start with the Planning :  “One should start  to work only after adequate planning”. Again until we execute our plans wealth won't be created.

Our take : One will not gain financial success without planning. A well planned work produces good results, even in adverse conditions.

3. Chanakya Niti says that you should always examine opportunities before starting any work. If you start work without examining opportunities, wealth will not come to you.

Our take :  Investment avenues are plenty. One should diversify the portfolio.But before that need to properly analyse on the pros and cons of the options.Do your homework before you invest.

4. Chanakya Niti for Risk Assessment : One should weigh one’s capacity before starting a work.

Our take: Let's understand that one should carry out risk profile assessment before starting any investment, to arrive at the asset allocation.Risk profile analysis comprises of Demography,ability and willingness to take up risk.

5.Chanakya Niti for Investment planning :There is no jewel without some distortion.

Our take: You will not find any investment option without limitations or risks. Try to find out limitations and take informed decisions before investing. Be a learned Investor, as being financial literate is a must in the current world.

6.Chanakya Niti for Investment selection : One, who wishes to get milk, would not buy an elephant.

Our take :  You should study and invest only in right investment avenues and options which are as per your financial goals, don’t invest money without a goal. Because only the Goal horizon can guide you to the right avenue and only the right investment avenue can fetch you the required returns. Be cautious in this approach,as a wrong decision would make life disastrous and may erode wealth.

7.Chanakya Niti : Wealth that takes longer to create, stays for a longer period.

Our take: Many in today’s world aim for quick money. Never lose your patience even in adverse conditions.Equity would deliver returns only over a long time,so don’t get attracted to the short term hyper returns and decide to invest. Only when you spend or stay invested for long term in Equity, your wealth may remain for longer period.

8. Chanakya Niti : Challenge the Challenges, their thoughts and ideas.Initially, it may seem difficult, but that is the only way to gain maturity

Our take : Equity investing is a challenge.But if one does not take that challenge,then how could one be able to beat the inflation? Initially Equity may sound bitter.But as days goes by,one may realize that Equity may make life simpler and pave way for better wealth creation at a lesser investment.The day you realize this,you would be called as a matured investor. 

9.Chanakya Niti : Keeping regrets and remembering failed past is futile

Our take : Past performance is not the indicator of future in mutual funds. So let your investment decisions not be simply driven by the past performance. Understand the risk and return matrix before investing apart from your goals ,Risk profile and investment horizon. Always think of the time that you can spend in the markets rather than trying to time the markets.

10. Chankaya Niti :Only when one’s beliefs and ideologies are challenged, does one come out of the comfort zone . One needs to face challenges on one’s own.

Our take: You should not be simply studying the risks and factors. Only when you start investing,you will get to know what it means as risk. You need not invest tons of money.To understand you could start with the minimal funds. If you don’t get in to ocean,you won’t get to know the depth of water.