Diwali prompts us to take charge of fiscal health apart from physical health for a joyful life. The festival of lights teaches us various financial basics that can be implemented in real life too. So kick start planning your investments if incase you have not started so far to celebrate a financially well-planned Diwali!

Day one of Diwali - Dhanteras :

Dhanteras is the first day of Diwali celebration and it’s the day of fortune. This is the day which teaches all to  cleanse everything for an auspicious beginning.In the financial parlance,everyone needs to evaluate their finances, cleanse themselves of bad financial habits and learn to invest in an appropriate manner. Early and well planned start investments ensures better growth on investments. So Second Day of Diwali talks about Future ready planning in financial parlance.

Day two of Diwali - Naraka Chaturdashi :

The second day of Diwali is a ritual to liberate any soul from their suffering in Naraka, or hell. As such it arouses spiritual awareness and so Day two is for knowledge. In financial parlance, we say that Investment without knowledge will make financial results go hazardous.one should not get pushed in to the hell of bad investments with ignorance. One should learn the right way of managing finances and adopt a financial planning approach and choose their investment avenues based on their financial goals. Investment without proper goal planning is like running amarathon without knowing the destination.Investment plans should always be focused on core goals like Retirement, children's education,Home purchase, etc.

Day three - Diwali/Deepavali :

The third day Diwali is known as the festival of Lights. It’s the day of light,that brings array of hope and removes darkness in mind sets. Fireworks are lit to celebrate this day along with Lakshmi puja, goddess of wealth, to welcome her into their cleaned homes and bring prosperity and happiness. It's the day that includes a variety in everything from pooja,fireworks to preparation and sharing special snacks with near and dear ones. In financial parlance, one should create a diversified portfolio and the right mix of investment products. Diversification reduces risks.

Day four of Diwali - Annakut/Padwa/Govardhan puja :

The fourth day ,i.e., the day after Diwali is the first day of the bright fortnight of the lunar calendar. As such considered as the first day of the New Year and celebrated through the purchase of essentials. So in financial parlance we say bring in a clear portfolio,if not start afresh, review your Investment portfolio and weed out the non-performing ones.and check if the portfolio synchronises with your financial goals.

Day five of Diwali- Bhai Dooj/Bhau-beej :

Day five of Diwali talks about protection of dear ones, as it focuses on love between siblings. Day five could be considered as the day of love and protection.On the last day of Diwali, siblings pray to god to protect their siblings and exchange gifts to express their love,affection and respect. In some traditions, the women recite tales where sisters protect their brothers from enemies. In financial parlance, everyone who has financial dependence must adopt  risk management practice. It is important to have adequate insurance cover to meet protect the near and dear ones on one’s absence. It’s needless to say that life insurance policies are to be bought at younger ages to have less premium commitment.

In a nutshell Diwali being a radiant festival of lights imparts invaluable financial fundamentals that can be seamlessly integrated into our everyday lives for building a resilient financial portfolio. teaches us invaluable lessons like bring fortune by cleaning your portfolio,have awareness on proper financial planning and meet an advisor to work on the same,be enlightened to have a diversified Investment portfolio,have a clean beginning,review  your portfolio and start early in investments and above all ,have a goal based approach.What more?! Embark on an auspicious journey, strategize your investments, and pave the way for a financially successful beginning to reach out to your goals!

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