I know the time is modern now and there are few modern concepts of money and fundraising which never existed during Chanakya's time like - mutual funds, capital markets, stock markets etc. I have tried best to bring in a modern dimension to understand wealth building and not just stuck with the theories of past.
You might have heard about the famous pair of Chanakya & Chandragupta Maurya in the early 4th centuary BC.
Chanakya was the son of a great teacher named Chanak. He was a Brahmin from Takshila. Chanakya is known for being a strategists, diplomat, politician, economists, a keen observer of human nature and a sharp thinker. Some of the readers might know that Chanakya wrote his treatises so that kings after he was gone could study his books and learn to rule their kingdoms well.
Here we will focus on discussing the Arthshastra. If you get it right, you will be in a whole different orbit of wealth. Artha means wealth and shastra means scriptures. Make sure you keep a notebook along with you to jot down the ideas you want to act on or bookmark this page as an important blog for success.
There are some ideas that Chanakya explored that are different from those of other philosophers and teachers.
To begin with, he believed in Arhta eva pradhanah that is wealth is supreme. Aanvikshiki is the first and the most important subject covered by Chanakya in the Arthshastra. Chanakya has mentored king and leaders who often faced psychological dilemmas. Such decisions are taken by the leaders using the method of Aanvikshiki, the science and art of thinking. Aanvikshiki is also considered the science of decision making. A book by Radhakrishnan Pillai - Inside Chanakya's mind (Click the name to buy this book) cover's the concept of Aanvikshiki. The person who can't think clearly will always have great difficulty assessing a situation, evaluating the scenario and taking a good decision that is the best in given circumstances. In short, the person will always be a bad decision maker because his thoughts are not in order. He/she will always be confused and in his delirium, will others too. This is why aanvikshiki is given supreme importance in the Arthshastra.
A person applying aanvikshiki is a thinker who analyses any problem or situation in detail being critical, logical, interrogative, lateral, innovative, data analytic, full of research. It is a beautiful word, aanvikshiki, which teaches us to explore can also be explored from various dimensions.
One must understand that there are always ups and downs in life. Nothing is steady & permanent. Many of us mix the spiritual life & material life. One should know how to keep them separate to become successful in life. "No charity in business and no business in charity" is a well known adage in the business world.
Very few people understand this type of clear thinking. This kind of multi-disciplinary thinking is called aanvikshiki.
Steps to your way to prosperity :
- Right and Wrong money - The key to 'big money' is to understand 'right money'. Chanakya was of the opinion that one first needs to investigate what kind of wealth one wants to earn.
- Profit & Loss - A good businessman cannot be happy if he is not making a profit. Profit is the main aim of any business.
- Business & Government Policies - Government policies directly affect businesses, this is a dimension which is considered by most successful businessmen in their planning
- Diversified thinking - The four dimensions which one needs to think over before taking any mjor decision a popular management tool is called the SWOT ( Strengths, Weakness, Opportunities and Threats).
- Find the means to your End - If you want to take right actions, the basis for that is correct thinking. Think before you act. a good planning is essential for effective action. "If you fail to plan, you plan to fail". Thinking is the blueprint required before you get into action.
To know these steps in deep and understand Chanakya's mindset on money one must read the book again written by Radhakrishnan Pillai - Chanakya & the art of getting rich .
I would also like to discuss the four Stages of wealth according to chanakya
- Wealth Identification
- Wealth Creation
- Wealth Management
- Wealth Distribution
which would help you to know how to increase your wealth but not in this blog do comment me so that I may know how many of you are interested to learn about Chanakya's mindset on wealth.
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