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D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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Personal Finance lessons from Lord Balaji and Kubera

Posted by Muthu on March 25, 2011

There was a period I used to regularly visit Mount Arunachala along with my friends. 

For those of you, who have been to Arunachala, would know about Ashtalingams around Mount Arunachala.

I always found that Kubera Lingam is the most crowded and decorated of them all. One of my friend who was in lot of debt, use to not even bother much about Arunachala but used to spend lot of time in prayers with Kubera. His line of argument was that Kubera is the deity who can come to his rescue as he is the one who has rescued Lord Balaji himself.

In Hindu mythology, though Goddess Lakshmi is associated with creation of wealth, it is Kubera who is depicited as a subsidiary deity who distributes wealth to devotees.

The legend says Lord Balaji borrowed a huge sum from Kubera to marry Padmavathi (who is none other than Goddess Lakshmi) and would continue to service the loan till the end of this yuga, with the assistance of his generous devotees.

First what we can learn from Kubera?

Though the loan he gave was sub-prime as Lord Balaji technically fell under the category of NINJA ( No Income, No Job and No Asset), he was an astute lender. He knew the faith and goodwill Lord Balaji enjoys and was sure that his devotees would never allow him to default on his loan or even interest payment. The very fact that the loan extends through this yuga shows the huge interest income Kubera is earning on the loan- which should not be very big as it was only for the occasion of marriage.

Any bank which follows Kubera would become the most profitable one.

Kubera was intelligent enough to lend at high cost to the spouse of the creator of the wealth itself. This is like selling dates in the desert. The very fact that he was able to make husband of Goddess Lakshmi herself to borrow from him shows his selling skills.

What we can learn from Lord Balaji?

Firstly Lord Balaji should not have gone for a sub-prime loan that too for an occasion like marriage. As Goddess Padmavathi was keen only to marry him, he could have easily convinced her for a simple marriage.

Huge spending that too by borrowing at high interest for an instance like marriage shows that Balaji did not employ the services of a good financial advisor.

Balaji has millions of faithful devotees who helps him repay the loan. Just imagine the situation of someone else who does not have such following.

Each year there is a ceremony in Tirumala, in which the descendants of Kubera seek to collect the loan, Lord Balaji is put behind gold bars. On that day the offerings are huge, as people rush to bail out Lord Balaji.

This shows the plight of a borrower, even if he is Lord Balaji himself.

In terms of income, Balaji is probably the richest in the country. Still because of the unfavourable terms of loan, every single rupee goes for servicing the loan.

What is Kubera’s gain is Lord Balaji’s loss!

I want to help Lord Balaji – no not by contributing my small share towards his loan repayment. That is against the personal finance principle I follow.

I’m willing to offer my professional services free of cost to TTD (Tirumala Tirupathi Devasthanam). If they can provide me the datas pertaining to loan, interest, yearly inflows, expenses etc., I can prepare a plan to bring Lord Balaji out of the loan clutches of Kubera as early as possible. I can also tell them that the terms of loan may even be renegotiated as the interest outflow so far might have even far surpassed the original loan amount.

There is a selfish interest too for offering this service. Though I do not seek any favour from Lord Balaji, my name would also become part of the legend, if my advice is successful.

Who would not want the privilege of being a personal financial advisor of Lord Balaji?

7 Responses to “Personal Finance lessons from Lord Balaji and Kubera”

  1. A.Sundaram said

    “Each year there is a ceremony in Tirumala, in which the descendants of Kubera seek to collect the loan, Lord Balaji is put behind gold bars. On that day the offerings are huge, as people rush to bail out Lord Balaji” – do you know the exact date when this falls every year?Thanks.

  2. uddi said

    what a wonderful explanation. i had read it on wikipedia about lord venkateswara as to how his devotees are continuous repaying his loans. frankly i really do not understand as to how, why and since when has it been happening. why would lord want we little helpless humans to repay his loan. logically speaking if god is the creator, manager and director of universe then why the hell did he create universe in first place, if he could not handle it. may be i with very little knowledge and limited perspective asking these stern questions but i seriously do not understand the logic behind the whole episode and metaphor of balaji temple. if god cant repay his own loan do you think devotees would really be able to help him. on wikipedia it was mentioned there is RTI pending in courts that if we know exact amount god has to repay then i am sure you as financial advisor would be able to help him. i am perplexed how balaji temple trustees are repaying the loan to lord kubera? hah so many questions, there must be some serious enquiry done on account of govt as to what do they do with the money that they get, they should ideally make Gareeb loan Repayment trust wherein they must acknowledge there is god within each of us and debts of poor people (who have god within them too) must be repayed and that may be one of the ways to liberate lord venkateswara out of these debts.

  3. uddi said

    with all due respect to lord vishnu and his devotees my point is to only know and comprehend that are we falling in trap of “being fearful of God – ie God fearing devotees” or should we follow the divine path of “Being God Loving individuals” we are God Loving then should we not all devotees sit together, do a meeting collectively and actually decide on consensus upon 3 best alternatives as to what can be done to rid lord vishnu of this huge debt, which no one can even quantify except God (if he comes live and gives darshan to us all and educates us removing our ignorance). Either Balaji Temple authorities should clearly find out a strategy and execute it to rid God of this problem or they must start adopting kalyuga Garib Kayan Yojna – as mentioned earlier recognising we all have god inside us including poor and poor in india are under lot of debts specially for their daughters marriage, so they must start providing them stipulated amounts.

    From lord venkateswara we must learn lessons to not to get into debts, may be thirupati temple management should start intiative of financial planning and debt free indians (as they can afford to spread knowedge through expert advisors like you) they must start spreading the message that how bad is it to be under debt, if lord could not be spared of side effects of debts, would we ever be? so temple authorities through formation of team and debt free india project must start educating public through public seminars on how to remain debt free ever by avoiding bad impulsive decisions in life. may be lord venkateswara would have guided goddesss padmavati parents on not to take money from him so he gets under debts, ultimately their daughter would only suffer as he would undergo heavy debts from lord kubera. why trouble his innocent devotees. So lessons to be learnt are 1) Protect your capital (whatever you have) 2) Say no to debt (if possible). Again like i mentioned it may be out my little knowledge domain related to god’s perspective and i may be fully unaware as to what could have been god’s objective to do all this. I may hence be pardoned and forgiven for having hurt someone’s feelings and devotions unintentionally (if any).

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