Jan 3, 2025, 05:27 PM IST

Top 5 financial lessons to borrow from Chanakya 

Meemansa Shekhawat

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.