Today, June 21st is International Yoga Day, there is a euphoria across the world specifically in India. India has also created a Guinness World Record with 1 Lakh people performing Yoga together in Rajasthan. The news media today is replete with images and titbits of Yoga being performed by celebrities and the common man. Yoga is for all and so is investing, there is a lot in common and there are a lot of learnings in financial world which resonate with the benefits of Yoga.
Moving and stretching in new ways will help you become more flexible, bringing a greater range of motion to tight areas.
Investing wisely in flexible modes like Mutual Fund SIPs, Recurring Deposits can help improve your financial flexibility. They offer the benefit of investing in affordable instalments and have the benefit of liquidity in form of ease of withdrawal. With the advent of digital banking, the process of investing and liquidating is a matter of just a click now.
Many yoga poses require you to bear your body weight in new ways, holding these poses over the course of several breaths helps build muscular strength.
Holding on to your investments, in the long run, is a guarantee to improve the strength of your portfolio and accordingly the financial strength. It is a known fact that long-term investments in mutual funds or well-researched stock purchase can hold you good in the long term. We have all read the news article which mentioned that an investment of just Rs. 10,000 in Infosys IPO in 1993 is now worth Rs. 2.97 Crores.
Improved balance is one of the most important benefits of yoga as you get older.
A balanced portfolio of investments will ensure financial safety and freedom in the long run, even when you stop earning and retire from active work-life. Investing in mutual funds, stock market, fixed deposits based on your risk appetite and safeguarding unexpected expenses with health plans and insurance will improve the sunset days of life.
Prevents Back Pain
Increased flexibility and strength can help prevent the causes of back pain by aiding tightness throughout the body and spinal compression.
A rainy day in a bread earner’s life can break the backbone of the family. It is critical that the family is insulated from such shocks. There are various types of insurance covers available today which can safeguard the back. There are policies like loss of income, term plans, traditional insurance plans etc. which can come to the rescue. Planning it well can be very helpful.
Fosters Mental Calmness
Yoga asana practice is intensely physical. Concentrating so intently on what your body is doing has the effect of bringing a calmness to your mind.
A brief look at your bank balance and overall investments portfolio can give you an immense amount of calmness. A well-diversified portfolio can help you enter the Zen mode. It starts with your Savings Account – with the advent of new banks and competition in the market you can maximise returns starting with your savings bank account. There are banks offering interest rates of 7% with a monthly pay-out interest on Savings account. A balance of liquidity and growth is a certain medicine for long-term calmness.
Increases Self Confidence
Doing yoga improves your mind-body connection, giving you a better awareness of your own body.
This element certainly needs no explanation – the fun of witnessing your investment decisions working out well and giving you the returns as you expected will certainly boost your self-confidence. This self-confidence can have a spiralling positive impact on everything.
So, this International Yoga Day, what is stopping you from getting all these benefits, if there is something that is missing – identify it today and create your own World Record. Go for it and live healthy and wealthy.