scorecardresearchInternational Yoga Day: 6 rules personal finance and yoga have in common

International Yoga Day: 6 rules personal finance and yoga have in common

Updated: 21 Jun 2023, 08:41 AM IST

On the International Day of Yoga, let us turn our focus to personal finance which is equally responsible for our emotional well-being. A lack of money can have a devastating effect on our minds, thus, highlighting the need to include both yoga and personal finance in our daily routines.

Linking yoga with personal finance

Linking yoga with personal finance

We all have heard how practising yoga can have a therapeutic effect on one’s body and mind. However, the world formally recognized this ancient traditional practice when the United Nations General Assembly (UNGA) unanimously declared June 21 as the “International Day of Yoga”.

Yoga and personal finance are unrelated. However, a cursory look will reveal practising yoga is not only eerily similar to our regular financial habits but also has effects similar to those of managing finances. Like the law of gravity, their principles are universal and unchanging. So, why talk about personal finance on a day dedicated to yoga? The answer is simple – both need dedication and are futile without dedication.

To start with, you cannot learn yoga unless you inculcate the necessary patience and discipline. Yoga practices start with simple breathing techniques that can be mastered only when you do them every day. This is true of personal finance also. You do not jump into stock and mutual fund investments unless you are aware of your financial goals and why you are investing in the first place.

The following points underscore how yoga and personal finance concepts are not only intricately similar to each other but also in a subtle way redefine one another.

Discipline matters

You cannot be the next Warren Buffett or Rakesh Jhunjhunwala in town if you are not disciplined with your investments. There is a need to be persistent with your knowledge of how investments work to decide which of them would best work for you. This is similar to learning and practicing yoga where consistency is the key to being a successful yoga practitioner.

Evaluate carefully

Do you just follow what the mentor says or do you prefer to do some research yourself? You cannot focus on the intricacies unless you are sure of what you are doing, and that is possible only with continued research and assessment of the subject. Also, the right decision-making is possible only when you know what you are doing. Assess your strengths and weaknesses based on what you have learned and know before deciding your next step, be it in yoga or personal finance.

Self-assessment is an ongoing process. As you progress in your yoga practice or financial journey, continue to evaluate your strengths and weaknesses. Regularly reassessing yourself will help you adapt to new challenges, make informed decisions, and continuously grow and develop in your chosen path.

Awareness helps

Yoga highlights the importance of being in the present and developing self-awareness. Likewise, achieving success in investing necessitates mindfulness and attentiveness toward market conditions, trends, and risks. Both thrive when individuals possess the capacity to maintain concentration and make well-informed decisions that align with the prevailing circumstances.

The ability to be mindful of your choice underlines how you master the tenets of both yoga and personal finance with time. Practising financial mindfulness is crucial as it enables you to maintain awareness of your money management practices and understand their impact on your goals and overall life. By cultivating financial mindfulness, you can make conscious decisions regarding your finances and ensure they align with your objectives and aspirations.

Moreover, financial mindfulness aids in the development of a profound comprehension of the emotions and beliefs that shape our relationship with money. It allows us to recognize and challenge any detrimental or restricting beliefs we may hold, such as an excessive focus on material possessions or a fear of scarcity. By challenging these beliefs, we can replace them with more positive and empowering perspectives that foster a healthier relationship with money.

Manage your risks

Both yoga and investing share the common aspect of risk management. In the practice of yoga, individuals are encouraged to listen to their bodies, respect their physical limitations, and avoid pushing themselves beyond their capabilities. This approach helps prevent injuries and promotes a safe and sustainable practice. Similarly, in investing, managing risk is crucial for preserving and growing wealth.

Both yoga and investing require a balanced approach to risk management. In yoga, it's about finding the balance between pushing oneself to grow and respecting one's physical limits. In investing, it's about finding the balance between seeking potential returns and safeguarding against excessive risk. By incorporating risk management strategies into both practices, individuals can strive for sustainable progress and long-term success.

By incorporating risk management strategies into both yoga and investing, individuals can pursue sustainable progress and long-term success. This includes cultivating self-awareness, making informed choices, and maintaining a sense of balance. Practising mindfulness and prudence allows individuals to navigate challenges effectively, protect their well-being or financial interests, and enhance their overall experiences in yoga and investing.

A long-term perspective

Both yoga and investing share a common emphasis on adopting a long-term perspective. In the practice of yoga, progress is often gradual and requires consistent dedication and effort over an extended period. It is through regular practice and persistence that individuals witness significant improvements in their physical and mental well-being. Similarly, when it comes to investing, adopting a long-term mindset is key to achieving success.

Both yoga and investing teach us the value of perseverance and delayed gratification. In yoga, progress comes from consistently showing up on the mat and committing to the practice, even when immediate results may not be apparent. Similarly, in investing, the ability to stay focused on long-term goals and resist the temptation of impulsive decisions can lead to more favourable outcomes.

Ultimately, both yoga and investing remind us of the power of consistency, perseverance, and a forward-looking mindset. By embracing the journey and staying focused on long-term objectives, individuals can experience profound transformations in their physical, mental, and financial well-being.

The need for self-reflection

Yoga and investing offer individuals valuable opportunities for personal growth, self-reflection, and self-improvement. Through yoga, individuals can nurture self-awareness and explore their inner landscape. Investing, on the other hand, challenges individuals to understand their risk tolerance and biases, fostering personal growth and a deeper understanding of their financial behaviours.

You cannot just learn and forget. You will obviously rejig the whole learning process in your mind to check how it helps you to proceed. Be it yoga or personal finance, unless you are aware of what you are doing and how it prompts you towards a better future, you cannot excel in any of them. Self-reflection is a must to be able to take better decisions in the future.

Sticking to simplicity helps. The application of simple yet powerful Yogic principles for financial well-being and wealth creation in the long term is evident. Yogic principles offer valuable insights and practices that can positively impact our approach to personal finance and wealth accumulation.


Investors should check these ratios to assess the true worth of stocks. 
First Published: 21 Jun 2023, 08:40 AM IST