Do you believe that financial freedom is possible?I found a few of the golden guidelines from Bengali proverbs. As a native Bengali speaker, I learned these guidelines in my school. Some of those have striking similarities with sayings with other languages or cultures.Let’s explore the sayings.

5 Bengali Proverbs to follow for attaining your Financial Freedom

<figure><img alt="" src="https://miro.medium.com/max/500/1*PAMGBqPr-LjDgnnuaMIqC" width="785" height="442"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@markusspiske?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Markus Spiske</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a>, words added by the writer</figcaption></figure><BLOCKQUOTE>Do you believe that financial freedom is possible?</BLOCKQUOTE>Some will say that’s just a myth, a conspiracy theory, a daydream. However, it will depend on what you are targeting and the ways you plan to achieve it. Your personality type and requirements will determine the direction you opt for. Yet, some golden pieces of advice apply to all personality types.I found a few of the golden guidelines from Bengali proverbs. As a native Bengali speaker, I learned these guidelines in my school. Some of those have striking similarities with sayings with other languages or cultures.I understand that the current financial environment or investment options are different than the proverbial era. Even though there are differences, people still earn and spend — a notion that was also present in the old days.Let’s explore the sayings.<h2 data-selectable-paragraph="">#1. Do not live above your means. Or, Cut your coat according to your cloth.</h2><figure><img alt="" src="https://miro.medium.com/max/500/1*SfYWRlu6xqs_SV4Tnj-kf" width="680" height="169"><figcaption dir="auto">Image source: Google Translate. I have included Google Translator to showcase the original Bengali sayings in Bengali words. Please ignore the English translation in Google translator, as it couldn’t synchronize the words appropriately.</figcaption></figure>Meaning: Do not spend more money than you earn.Applicability in your investment journey<figure><img alt="" src="https://miro.medium.com/max/500/1*vx398m830YzTiZLT0GF5XQ.jpeg" width="676" height="451"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@sharonmccutcheon?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Sharon McCutcheon</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a></figcaption></figure>You should always track your debt-income ratio. Debt (or, spending) higher than your income will make you debt-obligated. Stress will be higher too. Higher income than spending means, you will have savings; a room for future investments.Even if your income is higher than your debt, don’t just cheer immediately. There is always room to reduce your spending, which means more savings and investment opportunities.You can follow Warren Buffet’s comment, which is relatable in this case:<BLOCKQUOTE>“Don’t save what is left after spending; spend what is left after saving.”</BLOCKQUOTE><h2 data-selectable-paragraph="">#2. All that glitters is not gold.</h2><figure><img alt="" src="https://miro.medium.com/max/500/1*--qq325I306zB87oFtg9K" width="680" height="165"><figcaption dir="auto">Image source: Google Translate. I have included Google Translator to showcase the original Bengali sayings in Bengali words. Please ignore the English translation in Google translator, as it couldn’t synchronize the words appropriately.</figcaption></figure>Meaning: A shinning object doesn’t always mean gold (aka valuable).Applicability in your investment journey<figure><img alt="" src="https://miro.medium.com/max/500/1*chzeIszudlOkUVyRZQp74w.jpeg" width="676" height="451"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@officestock?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Sebastian Herrmann</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a></figcaption></figure>Everything striking might not be that promising if looked deeper. Let’s take the example of the dot-com bubble.<BLOCKQUOTE>Many people had invested in many internet-based companies during the 1990–2000 era. It seemed to be the best investment at that time. People invested in the stocks without a proper understanding. Many of those organizations didn’t maintain the accounting standards. So, when the dot-com bubble busted, many people lost their life savings.</BLOCKQUOTE>Always take a deep dive to identify whether any investments are worthwhile. Trend and appearances can be deceiving; that’s a fact for sure.I can recall one of the quotes of Warren Buffet in this case:<BLOCKQUOTE>“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”</BLOCKQUOTE><h2 data-selectable-paragraph="">#3. A little knowledge is a dangerous thing.</h2><figure><img alt="" src="https://miro.medium.com/max/500/1*ArEljMjjhnSEmI5UkDH24" width="680" height="162"><figcaption dir="auto">Image source: Google Translate. I have included Google Translator to showcase the original Bengali sayings in Bengali words. Please ignore the English translation in Google translator, as it couldn’t synchronize the words appropriately.</figcaption></figure>Meaning: Limited knowledge can provide a false sense of expertise, hence can lead people to make mistakes.Applicability in your investment journey<figure><img alt="" src="https://miro.medium.com/max/500/1*UNyVuiaLQNeIIZ9R2zRkuA.jpeg" width="676" height="1014"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@techdailyca?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Tech Daily</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a></figcaption></figure>Investing based on little market knowledge is a sin in the investment field. It is like throwing dirt without knowing where the board is, with your eyes covered!In the age of Google search, Robo-advisors, and mobile investment apps, investing is as easy as a tap on your screen. And that can turn into blue immediately.Let me share one example. When cannabis stocks became first legalized in Canada, many people invested in these stocks right away. Some of the organizations’ initial fixed costs and revenue pattern didn’t justify their prices. Some organizations were new to the field; hence the expertise was missing to operate and grow. One of my friends invested in one of those organizations in the initial stage. When he sold the stocks after 7–8 months, he could keep only 15% of the stock value he initially purchased.So, before jumping onto any investment or any bigger financial commitment, complete the due diligence. Alternatively, seek professional support to compare and contrast between the options.I’m not saying that alone. As Warren Buffett said,<BLOCKQUOTE>“Never invest in a business you cannot understand.”</BLOCKQUOTE><h2 data-selectable-paragraph="">#4. Think before you act, not the other way round.</h2><figure><img alt="" src="https://miro.medium.com/max/500/1*EZbg2TY8NycDZcyQv_ect" width="680" height="161"><figcaption dir="auto">Image source: Google Translate. I have included Google Translator to showcase the original Bengali sayings in Bengali words. Please ignore the English translation in Google translator, as it couldn’t synchronize the words appropriately.</figcaption></figure>Meaning: Same as ‘look before you leap’. Before attempting anything, think about the actions and then execute.Applicability in your investment journey<figure><img alt="" src="https://miro.medium.com/max/500/1*mhWoehOHL2vDufi4MvJLvw.jpeg" width="676" height="451"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@glencarrie?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Glen Carrie</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a></figcaption></figure>The investment market is provocative and tempting.A significant increase in share price can grab your interest right away. Before investing, we should always consider the adverse outcomes that can take place.Also, the possible steps we can take during those unexpected turnouts. Short-term exposure, or long-term scenario, all need to be carefully evaluated.<BLOCKQUOTE>It is better to know the possible alternatives. You can’t change much about any disaster that happens, but you can certainly prepare some backups to mitigate it.</BLOCKQUOTE><h2 data-selectable-paragraph="">#5. No pains, no gains.</h2><figure><img alt="" src="https://miro.medium.com/max/500/1*bS6f_Hx7dPlPFKyCNAzPO" width="680" height="160"><figcaption dir="auto">Image source: Google Translate. I have included Google Translator to showcase the original Bengali sayings in Bengali words. Please ignore the English translation in Google translator, as it couldn’t synchronize the words appropriately.</figcaption></figure>Meaning: No sweat, no sweet.Applicability in your investment journey<figure><img alt="" src="https://miro.medium.com/max/500/1*rp8jr8XkG4-kXHVjS7vA1g.jpeg" width="676" height="451"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@garrhetsampson?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Garrhet Sampson</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a></figcaption></figure>You indeed have to take risks to improve your position in the investment field. There are multitudes of risk exposure, so you have to decide which you are comfortable with.Investing requires a deep dive into the available options. If you are into the longer-term game, you might lose some capital in the shorter term. You might continue because your predictions are for long-term positive returns. Plus, the experience from the failure kicks you with reality factor, that counts too.Knowing the market trends, facts, analysis, and adjacent factors help us to predict. Yes, it might be time-consuming but rewarding if you bear the pain and go through the steps with patience.These golden sayings are directing me in my investment journey. These helped me shaping my spending nature, alternative savings, and investment exposures. Following these essential but vital practices can take you to your desired financial goal.Remember,<BLOCKQUOTE>“As you sow, so you reap.” — A Bengali Proverb</BLOCKQUOTE><figure><img alt="" src="https://miro.medium.com/max/500/1*xTJtSQEGM4gkapqbeMRhAA" width="785" height="520"><figcaption class="jo jp gd gb gc jq jr ba b bb bc er" data-selectable-paragraph="" dir="ltr">Photo by <a href="https://unsplash.com/@adeolueletu?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Adeolu Eletu</a> on <a href="https://unsplash.com/?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" class="ds js" rel="noopener nofollow" dir="ltr">Unsplash</a></figcaption></figure>Sources 1. Warren Buffett Quotes. From Financial Chronicle. Link: <a href="https://financialchronicle.weebly.com/warren-buffet.html" rel="noopener nofollow" dir="ltr">https://financialchronicle.weebly.com/warren-buffet.html</a>2. Bengali Proverbs. Link: <a href="https://www.scoopwhoop.com/30-Bengali-Proverbs/" rel="noopener nofollow" dir="ltr">https://www.scoopwhoop.com/30-Bengali-Proverbs/</a>

Five Timeless Bengali Proverbs You Can Follow For Attaining Your Desired Long Term Investment Goals. By Suntonu Bhadra. Investment. Financial.

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Do you believe that financial freedom is possible?

Some will say that’s just a myth, a conspiracy theory, a daydream. However, it will depend on what you are targeting and the ways you plan to achieve it. Your personality type and requirements will determine the direction you opt for. Yet, some golden pieces of advice apply to all personality types.

I found a few of the golden guidelines from Bengali proverbs. As a native Bengali speaker, I learned these guidelines in my school. Some of those have striking similarities with sayings with other languages or cultures.

I understand that the current financial environment or investment options are different than the proverbial era. Even though there are differences, people still earn and spend — a notion that was also present in the old days.

#1. Do not live above your means.  Or, Cut your coat according to your cloth.

Meaning: Do not spend more money than you earn.

Applicability in your investment journey

You should always track your debt-income ratio . Debt (or, spending) higher than your income will make you debt-obligated. Stress will be higher too. Higher income than spending means, you will have savings ; a room for future investments .

Even if your income is higher than your debt, don’t just cheer immediately. There is always room to reduce your spending, which means more savings and investment opportunities.

You can follow Warren Buffet’s comment, which is relatable in this case:

“Don’t save what is left after spending; spend what is left after saving.”

Meaning: A shinning object doesn’t always mean gold (aka valuable).

Everything striking might not be that promising if looked deeper. Let’s take the example of the dot-com bubble .

Many people had invested in many internet-based companies during the 1990–2000 era. It seemed to be the best investment at that time. People invested in the stocks without a proper understanding. Many of those organizations didn’t maintain the accounting standards. So, when the dot-com bubble busted, many people lost their life savings.

Always take a deep dive to identify whether any investments are worthwhile. Trend and appearances can be deceiving; that’s a fact for sure.

I can recall one of the quotes of Warren Buffet in this case:

“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”

#3. A little knowledge is a dangerous thing.

Meaning: Limited knowledge can provide a false sense of expertise, hence can lead people to make mistakes.

Investing based on little market knowledge is a sin in the investment field. It is like throwing dirt without knowing where the board is, with your eyes covered!

In the age of Google search, Robo-advisors, and mobile investment apps, investing is as easy as a tap on your screen. And that can turn into blue immediately.

Let me share one example. When cannabis stocks became first legalized in Canada, many people invested in these stocks right away. Some of the organizations’ initial fixed costs and revenue pattern didn’t justify their prices. Some organizations were new to the field; hence the expertise was missing to operate and grow. One of my friends invested in one of those organizations in the initial stage. When he sold the stocks after 7–8 months, he could keep only 15% of the stock value he initially purchased.

So, before jumping onto any investment or any bigger financial commitment, complete the due diligence. Alternatively, seek professional support to compare and contrast between the options.

I’m not saying that alone. As Warren Buffett said,

“Never invest in a business you cannot understand.”

#4. Think before you act, not the other way round.

Meaning: Same as ‘look before you leap’. Before attempting anything, think about the actions and then execute.

The investment market is provocative and tempting.

A significant increase in share price can grab your interest right away. Before investing, we should always consider the adverse outcomes that can take place.

Also, the possible steps we can take during those unexpected turnouts. Short-term exposure , or long-term scenario , all need to be carefully evaluated.

It is better to know the possible alternatives. You can’t change much about any disaster that happens, but you can certainly prepare some backups to mitigate it.

Meaning: No sweat, no sweet.

You indeed have to take risks to improve your position in the investment field. There are multitudes of risk exposure, so you have to decide which you are comfortable with.

Investing requires a deep dive into the available options. If you are into the longer-term game, you might lose some capital in the shorter term. You might continue because your predictions are for long-term positive returns. Plus, the experience from the failure kicks you with reality factor, that counts too.

Knowing the market trends, facts, analysis, and adjacent factors help us to predict. Yes, it might be time-consuming but rewarding if you bear the pain and go through the steps with patience.

These golden sayings are directing me in my investment journey. These helped me shaping my spending nature, alternative savings, and investment exposures. Following these essential but vital practices can take you to your desired financial goal.

“As you sow, so you reap.” — A Bengali Proverb

Sources 1. Warren Buffett Quotes. From Financial Chronicle. Link: <a href="https://financialchronicle.weebly.com/warren-buffet.html">https://financialchronicle.weebly.com/warren-buffet.html </a>

2. Bengali Proverbs. Link: <a href="https://www.scoopwhoop.com/30-Bengali-Proverbs/">https://www.scoopwhoop.com/30-Bengali-Proverbs/ </a>

Five Timeless Bengali Proverbs You Can Follow For Attaining Your Desired Long Term Investment Goals

5 Bengali Proverbs to follow for attaining your Financial Freedom

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