The Fluid Nature Of Wealth


wealthymattersChanchala, the restless and whimsical one, who does not like to stay in one place, is one of the names of Lakshmi . She loves to move around and so people are advised not to keep images of her in the house where she is shown standing; she may feel unwelcome and she may leave. So in traditional images she is always shown seated comfortably on a lotus.

The whole point of this rather visual characterization is to inform people that wealth loves to move. The value of wealth emerges only when it exchanges hands. Lakshmi’s symbol is her foot print and it is always drawn pointing into the house. The idea being to align the restless and mobile nature of the goddess with our own desire to see fortune favor us.

Realizing the criticality of Lakshmi’s movement, rituals were created to encourage the flow of wealth in society. Typically, on festival days people were advised to wear new clothes. New clothes meant income for the weaver which in turn meant income for dyers, spinners and farmers who grew the cotton and silk. People were also encouraged to break old pots and buy new pots in festival time thereby boosting the income of potters and the economy. In festivals like Dhanteras, people are encouraged to buy metal, especially iron and gold which in turn helped metal smiths and miners.Another important ritual was the exchange of gifts, especially food items, either prepared at home or bought from the sweet shop and shared with friends and neighbors. During festival time, the arts were encouraged thereby providing livelihood to artists. Musicians, dancers, singers, street performers were invited by landlords to entertain the village. Read more of this post

Lakshmi, Saraswati And Wealth


wealthymatters

The common belief is that Lakshmi (goddess of wealth) and Saraswati (goddess of knowledge) always fight and avoid staying in the same place. This is based on the observation that rich businessmen tend to be uneducated and educated people tend to be poor. This is also based on the assumption that Saraswati is the goddess of education, learning and training. This understanding of Saraswati is rather pedestrian, and lacks insight. Read more of this post

Quite Literally


12 Facts About Warren Buffett And Money


wealthymatters1.) 99 per cent of Buffett’s wealth was earned after his 50th birthday.

2.) Berkshire’s Book Value has beat the S&P 500 in 43 out of 44 years on a five year rolling average basis.

3.) Buffett’s net worth of $63.3 billion is greater than the combined GDPs of Ghana and Cambodia.

4.) Buffett is “ready“ to double his investment in renewable energy ,bringing the total to an amount that could build 46 Burj Al Arabs.

5.) In 2013, Buffett made on average $37 million per day.

6.) Buffett has so far donated enough money in his life time to build 4 Apple ‘Spaceship’ Campuses.

7.) If you invested $1,000 in Berkshire Hathaway in 1970, you’d have $4.86 m today. Read more of this post

Earning Lakshmi Not Just Money


wealthymatters Lakshmi is wealth accumulated through honest and fair means. Money can be stolen as well. Lakshmi brings peace and happiness to the person who earns it. Stolen money only brings emptiness to the soul. If you notice Lakshmi’s idol, she has gold coins around her, signifying wealth. However, she is also seated on a lotus flower, and holds lotuses in her hands. The lotus is a sign of purity and peace, signifying spiritual well-being; of purity and beauty even in the muddy waters of the world. Without this peace, wealth has no meaning. – Chetan Bhagat

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