Yoga and Financial Planning
We celebrate International Yoga day today! Yoga has more many years been into practice in Indian traditions and the benefits go a long way in relieving stress, calming the mind, and enhancing our physical and mental wellness. What does Yoga have in common with financial planning?
1. Patience
One thing Yoga teaches us is patience. It takes a lot of time, strength, and discipline to achieve the right posture and allow it to make it work for the body. You cannot simply meditate once and calm your mind. It needs to be practised consistently to derive benefits from it.
Similarly, to invest, one must have an investor mindset. Young investors often desire instant gratifications upon investing. To make money work for you, you need to be patient with your investments to see returns. A little patience in the beginning and a gradual process of learning will give you fruitful results at the end. When investing in SIP, stick to the period that you have decided to keep them invested and continue the practise until you’ve reached your goal. If you stop in between, you may not be able to derive its benefits. SIP and long-term investing help in creating wealth for an individual. Patience helps you in building a healthy nest egg.
2. Balance
Yoga helps us achieve a balance in our body and creates a sense of fluid stability. The sustained effort to balance ourselves when doing a posture brings not only our body into balance but also our mind and spirit. Hence, we feel calm. Having good balance reduces our risk to fall or slip.
Similarly, it is important to bring about a balance in our portfolio. Having a good balance between equities and debts safeguards us against major losses and ensures financial safety in the long run. A well-balanced portfolio is a diversified one. Investing in multiple asset classes reduces the risk of investment. An experienced financial advisor like Solutions can help you improve your financial health and wellness
3. Increases the flow
Yoga is slow in comparison with other forms of exercises. However, it does not mean that it is ineffective. In fact, doing yoga consistently not only improves the blood flow but also helps in regulating the hormones and achieving mental peace. It is important for every part of our body to regularly receive a good amount of blood.
Similarly, regular cash flow is necessary for an individual to keep business and life running. It enables us to settle debt, reinvest, pay all expenses, and reserve funds for contingencies. It also helps us in attaining peace of mind because you will not run out of cash. One of the things that is hard about healthy cash flow is that setting it up once does not work. Every day is unique. Our lives continuously evolve; our money must evolve too. Consistently observing and tracking income and expenses helps us in attaining our financial goals
4. Concentration
Achieving the correct posture in yoga takes a high level of concentration. Hence, the practise itself is centred on concentration. By focusing your eye on one spot, you can internally find equilibrium. Your mental health improves, and you find it easy to focus on.
Similarly, focussing your efforts to attain your financial goals prevents you from getting deviated and sway away from your goals. Concentrating on your goals eventually helps you achieve financial freedom.
Physical, Mental and Financial Health goes hand in hand. Practice yoga while investing and see the benefits in the form of returns and good financial health.
Stay fit, healthy, and wealthy
