Image Source: The Financial Express
In an era of social-media-driven spending, click-of-the-button internet bargains, and around-the-clock advertisements, financial FOMO (Fear of Missing Out) has never been stronger. But imagine if the key to surviving today's money chaos isn't the new app, but the wit and savvy of a 16th-century court jester—Tenali Raman? Here's how his timeless stories provide a masterclass for wallets today.
Major Points:
Tenali Raman's Survival Guide in terms of Financial FOMO See Through the Deception, Don't Be Deceived by Appearance
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Tenali exposed a fake sadhu in the guise of piercing questions, teaching us to look beyond dazzling ads and endorsement by celebrities. Don't let your savings go up in "sparkle"—ask first before you buy.
Outsmart Problems Instead of Outspending
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When faced with burglars, Tenali used cleverness (painting his house "haunted") instead of investing in expensive security. Think before you spend—sometimes the solution is no cost.
Don't Show Off, Show Up
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Tenali wasn't rich and remained secure while thieves robbed others. In the age of Instagram today, remember this: true wealth is a whisper, not a scream. Live within your means, not for likes.
Negotiate for Value
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Tenali referred instead of shelling out extra for a haircut. Don't hesitate to negotiate—be it rent, subscription, or services, your voice will save you more than your wallet.
Think Like a Gardener, Not a Gambler
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Tenali planted mango trees for generations to come, symbolizing long-term investment. Skip quick money plans; build wealth over a time period with SIPs, PPFs, and emergency funds.
Stay Calm When Money Gets Complicated
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When faced with creditors, Tenali used wit and honesty and received additional time to pay. When money is tight, speak frankly—banks and creditors will have solutions if you go to them.
"Tenali Raman didn't spend a large bank balance to live wisely, he simply spent using his mind. He proved that living wisely with money is not about spending more, it's about thinking first before you spend."
Source: The Financial Express
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