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As we relive the lockdown days, I pause and reflect to appreciate the simple money lessons that this pandemic has taught me.
We all have heard multiple times that every challenge brings an opportunity. But, have you ever given this statement a serious thought? Some might even say, “Give me a break, this is good to hear but difficult to implement.”
I was no different! I also thought that this statement is theoretical until the COIVD-19 pandemic struck and we were forced to press pause and reset. When we talk about business and money, we read and hear that billionaire Mukesh Ambani made fortunes in 2020. A year when many faced hardships, job losses and financial constraints! But then, we can justify this and say that he already had a large capital base.
So, let me give you another example. An example for the common folk like us. All of us are aware that Sensex was at 25600 points in March 2020 and is now nearly double so anyone who leveraged this opportunity would be counting profits. And then there was plethora of new business ideas, new online set ups and the surge in online sales kept the ball rolling for 2020.
While majority of us were talking about challenges, this kind of news is definitely inspiring and reinstates the fact that every challenge indeed brings an opportunity!
I was keen to go a bit deeper and understood that there are two key reasons driving these. Firstly, a positive mindset to find an opportunity amidst adversities and secondly, availability of funds to encash the opportunity. In absence of any one of these, one really cannot capitalize on the opportunity.
While a positive mindset is self explanatory, I will explain the availability of funds aspect a bit more. The COVID-19 pandemic gave us a wonderful opportunity to realise what is really important in our lives. It taught us to distinguish between our essential expenses and non-essential ones, what we can forgo and still live happily or maybe happier than before! Loop back to positive mindset.
This is exactly what I did! When we all were in lock down from March to June, it gave us a good benchmark on what is the minimum spend you need to maintain for your family. Keeping this benchmark in mind, I capitalised on my ‘risk taking’ funds to make use of any sudden money making opportunity that came my way.
So, in a nutshell, here are my learnings from this pandemic when it comes to money planning:
COVID-19 forced us to hit a pause button in our lives, giving us a moment to think and reflect and push a restart to make new beginnings….make the most of it.
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Vidhya came home with Riya. She was surprised to see the same expectations from her that were before from having a child. Nothing had changed, and she felt that nothing would ever change.
Vidhya was just like any other normal girl who grew up reading Cinderella and Rapunzel, wishing to meet her Prince charming someday. Though not a topper, she scored well in school and college and fulfilled her parent’s dream by joining as HR in a reputed financial firm.
After she settled in her career path, her parents began their hunt to find the perfect groom and complete their responsibility in life. Finally, after seeking permission from the stars in her chart, they fixed her wedding with Rahul, who according to them, got a tick for most of their eligibility criteria. She obliged and got married to him as per their wish.
Unlike the earlier wives or girlfriends, Ms Sharma was already a celebrity with a huge following, before she got hitched. Why should peeps question now, when she shared her thoughts about one of the toughest times of their life?
Behind every successful woman, there is a ‘Kaam Waali Bai’ and a ‘Calm Waale Spouse’.
Similarly, behind every successful married man, there is a fabulous understanding woman. She could be the warm cuddler, a fierce tigress or someone who will hold the mirror to show the true picture.
Out of many things, I learnt to respect my boundaries and my limitations, it taught me to be patient with myself. Yoga encouraged me to be curious about my relationships, not only with others, but with myself- my body, thoughts and food.
Covid’19 hit me like it hit many. It brought with it financial losses, job insecurity, tested a lot of my relationships, and I know and acknowledge that I am far more privileged than many others around the world for whom this pandemic has been way more catastrophic.
I don’t know if I should thank the pandemic in anyway, but it did bring perspective to life. If not for this pandemic, I would have never pursued my love for Yoga, mindfulness and well-being. I would not have thought of living in a city like Mysore to attain 200 hours of professional training at Yoga Sattwa, Mysuru. I was lucky to have met some of the loveliest people, saw some beautiful places and received the learning that I will carry with me through my life.
With everything that's happening in 2020, all of us are bound to feel compassion fatigue. These 5 women tell us how they deal with it!
With everything that’s happening in 2020, all of us are bound to feel compassion fatigue. These 5 women tell us how they deal with it!
It’s been six months and we’re still under lockdown due to COVID-19. Add to this, our own unique set of challenges and the constant stream of negative news that is bombarding our senses nonstop. A lot of us are bound to feel compassion fatigue or the feeling of ‘meh’ where news is losing its ability to shock or hurt us as intensely as before.
When we suffer from compassion fatigue, we generally feel physically or mentally exhausted. This leads to a decline in our abilities to empathise or feel compassion for others. It is also known as the negative cost of caring.