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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make...

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make sure you have at least six months of living expenses saved in a bank fixed deposit or a debt mutual fund. This reserve will serve as your emergency fund for unforeseen situations and ensures you are prepared for any rainy days. Review Your Asset Allocation Revisit your investments to ensure they align with your goals. For short-term goals within three years, bank fixed deposits, recurring deposits, or debt mutual funds are appropriate. For long-term goals beyond three years, a diversified combination of hybrid/equity mutual funds, direct equities, and gold should be preferred. Do Sufficient SIPs Systematic Investment Plans (SIPs) are the backbone of disciplined investing. At least 25-30 percent of your in-hand monthly income should ideally be invested through SIPs in mutual funds, equities, and gold. This consistent approach will steadily build wealth over time. Make Lumpsum Investments Along with SIPs, voluntary lumpsum contributions into long-term assets whenever you have surplus funds can accelerate wealth creation. Even occasional lumpsum additions make a significant difference to the overall corpus. Increase Your SIPs Annually As your income increases, make sure your investments grow as well. Increasing your SIP amounts every year helps your wealth stay in line with inflation and your rising lifestyle needs. Increase your SIPs yearly and anchor them to at least 30 percent of your monthly income. Stay Invested Remain invested until your financial goals are achieved. Avoid redeeming investments unnecessarily. Frequent withdrawals disrupt compounding. If liquidity is required, consider taking an overdraft loan against your investments rather than breaking them prematurely. Health Insurance Safeguard your family with adequate health insurance. Opt for a minimum cover of 25 lakhs per family member with comprehensive features. Remember that relying only on employer-provided insurance is risky. Independent health insurance is essential. Term Life Insurance Protect your loved ones with a pure term life insurance policy. Ensure a cover of at least ten times your annual income, along with provisions for any outstanding loans. Stay away from mixing insurance with investments. A simple term plan is the most effective solution. Consult a Financial Advisor A full-time, well-qualified financial advisor can simplify your financial journey. Professional guidance ensures disciplined planning, correct product selection, and proper execution of your financial strategy. May this festive season bring abundance and lasting financial peace. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

The Fine Line Between Stress and Anxiety

Jun 25
3 min read

Healthy stress can motivate us to grow, but constant stress can gradually affect both mind and body.

In today’s fast-paced world, stress has become so common that people often forget what a truly calm mind feels like.


Stress has become a part of modern life. In small amounts, stress is not always harmful. In fact, healthy stress can motivate us to study better, perform well at work, meet deadlines, solve problems, and grow stronger emotionally. It pushes us to act, adapt, and improve.


The challenge begins when stress becomes constant and overwhelming.


When the mind remains under pressure for too long, stress slowly turns into overthinking, anxiety, emotional exhaustion, and sometimes even physical health issues. A person may begin to feel restless, irritated, emotionally drained, unable to focus, or constantly worried about situations that may not have even happened yet.


Today, anxiety is affecting people across all age groups. Young children may experience separation anxiety. School-going children often struggle with exam pressure and fear of failure. Teenagers may feel anxious about social acceptance and the future. Adults face work stress, financial pressure, parenting responsibilities, and relationship challenges. Senior citizens may experience anxiety related to loneliness, health concerns, ageing, or fear of losing independence.


For example, a student preparing for exams may feel motivated by a little pressure to study sincerely. However, when that pressure turns into sleepless nights, panic, self-doubt, and constant fear of failure, it begins affecting mental and physical health. Similarly, a working professional may initially perform better under deadlines, but continuous stress without rest can lead to burnout, irritability, anxiety, and emotional fatigue.


Anxiety may look different at every age, but the emotional experience often feels similar — a mind that finds it difficult to slow down.


One of the biggest mistakes people make is trying to escape anxiety instead of understanding it. Excessive scrolling, endless screen time, or constantly keeping ourselves busy may distract the mind temporarily, but they do not truly calm it. Unprocessed emotions often return stronger when ignored.


This is where mindfulness becomes important.


Mindfulness does not mean removing all problems from life. It means becoming aware of our thoughts, emotions, breathing, and reactions without panic or judgement. Something as simple as taking slow, deep breaths can help regulate the nervous system and calm the body during moments of stress. Spending time with yourself, maintaining real conversations with people, taking breaks, and staying connected to reality rather than constant digital stimulation can significantly improve emotional well-being.


Managing anxiety is not about becoming stress-free. It is about learning how to respond to stress in healthier ways while continuing to live a functional and meaningful life. In a world filled with constant demands, uncertainty, and digital distractions, learning to manage anxiety has become an essential life skill. Small, consistent habits such as mindful breathing, adequate rest, meaningful social connections, and regular self-reflection can help people regain a sense of control and emotional balance.


5 Simple Takeaways to Manage Anxiety

• Take short breaks between work or study hours.

• Practise deep breathing for a few minutes daily.

• Drink enough water and maintain proper sleep.

• Spend time with real people, not only screens.

• Give yourself quiet time to reflect and slow down.


(The writer is a counselor, therapist and founder of Raya Heal Views personal.)

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