Jan 3, 2025, 05:27 PM IST
Chanakya, an ancient Indian philosopher and royal economic advisor, is recognised for his timeless wisdom. Here are five financial lessons to borrow from him.
1. Save for the future: Put aside a part of your income for future, emergencies, or any untoward incidents to avoid unnecessary burden.
2. Borrow if necessary: Refrain from borrowing as much as possible. Also, while borrowing, be prepared with the repayment plan.
3. Financial discipline: Prepare a monthly budget for yourself and stick to it in order to prevent extravagant expenses.
4. Invest wisely: Educate yourself about the available investment plans and choose yours wisely, so as to avail maximum return and minimise risk.
5. Financial literacy: Be informed about financial tools, investment and money management.
This information is not DNA's opinion but obtained from media reports.