Ageless Finance Mantra From Vidhur to Jobs
Year 3139 BCE
In Maharabharat, the most knowledgeable as well as the wisest minister Vidhura, advices Yudhishtra on the importance of balancing income and expenses and avoiding the life of extravaganza.
Vidhura's teachings captured as "Vidhura Neeti"in which Vidhura advises Yudhistra on the importance of saving and remaining prepared for unexpected events, thereby stressing the need of financial discipline
Year 321 BCE
The greatest philosopher Kautilya(Chanakya) advises his Emperor Chandragupta Maurya on the crucial role of budgeting and tracking expenditures in maintaining the kingdom's stability and prosperity.
Chanakya in his famous "Arthashastra" emphasises the need of meticulous collection and management of taxes, efficient allocation of resources, and the importance of maintaining a treasury for emergencies.
Year 1997 AD
When Steve Jobs returned to Apple in 1997, the company was on the verge of Bankruptcy. Jobs initiated a drastic turnaround strategy that had stringent budget control and refocusing of the company’s resources.
Jobs simplified the product line, cutting down on the number of models and projects, thereby reducing costs and focusing on quality over quantity. Jobs also renegotiated contracts and streamlined operations, leading to significant cost savings and thereby remarkable change in Apple's fortunes
Year 2024 AD
Times have changed... But the concepts of budgeting, expenditure tracking as well as being financially prudent hasn't lost its relevance yet. While we have lot many nations facing trouble because of their financial indiscipline, we also see many individuals, paying their price in their retired life for not remaining prudent during their core earning years
Whether it's a kingdom, or a corporate or an individual, the concept of disciplined expenditure tracking, financial planning, and disciplined execution of plan remains key to their long term stability and success
For aspirers, the beginning of the path to financial freedom remains very clear, leaving the question, Whether all the aspiring individuals are aware of it or not???