According to Buddhism, how to become a successful entrepreneur by earning wealth righteously

There are many Buddhist sutras that contain advice on earning wealth, disposing of wealth, and protecting wealth. It is said in the Sutras of Sigalovada Sutra, Anana Sutra, Veludvara Sutra, Vasala Sutra, Vyagghapajja Sutra, Parabhava Sutra and Pattakamma Sutra.

The Anana Sutra says that it is a happy thing for someone to say that he is economically stable and does not deteriorate. According to Anguttara Nikaya, poverty is sorrow for the layman. It is a set of duties and responsibilities that must be fulfilled mutually in living in society. Human community is satisfied when there are good social relations.

It is the layman's responsibility to fulfil the duties of himself and his stepchildren. When he is unable to do so, he becomes sad, uncomfortable, and needs money for giving and donating. One who has no wealth cannot give charity. Because of this, Buddhism accepts that wealth is necessary for work in this world and the next.

The Veludvara Sutra proves that Buddhism did not prohibit the use of wealth. According to the request of the people of Veludwara to the Buddha, "Preach a Dharma that is suitable for us laymen who are sensualists", the Buddha preached a self-disciplined Atthupanayaka Dharma to them. Accumulation of wealth is not approved according to Buddhism.Cannot get happiness and comfort from it and becomes more sad.It is supported by Buddhism, which recognizes that wealth is necessary for parents to enjoy eating and drinking with their children, for happiness, for charity, for charitable deeds, for social service, and for the development of the two worlds. The basic teaching of Buddha's time is that wealth should be earned righteously.

Wealth is man's instrument, servant. Man is its master. Being pro-wealth, being wealthy is harmful to the society, the Buddha condemns. It is accepted during the Buddha's time that a person can live a successful life by earning wealth by using it without being indebted to others, by balancing the budget in the company of good friends, apart from the righteous friends.

"Bhoga me atthi uttana viriyadhigata bahabala paricita seda vakkhitta dhammika dhammaladda iti adhigachchati sukhan adhigachchati somanassam" In preaching about the pleasures of this world, the Buddha first pointed out that even thinking that he has wealth is a pleasure.

According to Buddhism, wealth should be earned on the basis of non-violence. One should earn wealth without persecuting anyone in any way. Thinking only about one's own advantage, oppressing others, exploiting labour and amassing wealth is condemned by the Buddha.

“Mano Pubbangama Dhamma

 Mano Setta Manomaya 

 Manasa pasanena 

 Bhasativa Karoti Va 

 Thathonan suka man wethi 

 Chayawa Anapaini “

Dhamma moves before the mind. The mind is great. Thoughts are born from the mind. It was preached by the Buddha when the son of Mattakundali, the greedy person named "Adinna Pubbaka" was about to die, that if he says or does something with a pleasant (good) mind, then happiness follows him like a shadow that follows him.

The Sigalovada Sutra says that one should accumulate wealth without harming or oppressing anyone, "just as a wasp eats nectar without crushing the flower". 

“Bhoge Sanhara Manassa 

Bhamaraseva Iriato 

Bhoga Sannichayang Yanthi 

Chummy Nocha Pauchchati 

Ewan forgave Bhoge 

Alamethatha kule gihi"

Thus, Buddhism, which emphasises that accumulating wealth should be done righteously like a wasp collects its nectar, describes how to acquire wealth righteously, i.e. 

1. Bahabala Paricita (by using Bahu Power) 2. Seda Chakkhittha (by sweating) 

3. Sammajiva (of pious beings) 

4. Dhammika Dhammaddha (by pious occupations)

This is how wealth should be accumulated. In order to earn wealth, it should be decided whether it can be done righteously.

The Vyaghapajja Sutra describes the religious activities of India at the time of the Buddha as follows.

1. Kasi (Agriculture) 

2. Commerce (Trade) 

3. Gorakkha (Animal husbandry) 

4. Dhanurdhara (Archery) 

5. Rajaporisa (Civil Service) 

6. Sippannattara (other crafts) 

7.  Issatttha (Military Service)

Buddhism accepts these jobs as pious jobs.” All desire happiness. They hate death. They are afraid of punishment.

“Sabbe Tasanti Dandassa Sabbe Bhayanti Machuno Atthanang Upaman Katwa Nahanyeya Naghataye" 

The Buddha pointed out that it is important to earn wealth righteously through the principle of Panchasila, and that is why five unrighteous trades should not be engaged in.

1. Trade in slaves or animals 

2. Arms trade

3. Poison trade 

4. Meat trade 

5. Drug trafficking 

In order to preserve righteousness in economics, in trade, 

1. Thula Koota (Steal scales)

2. Kansa Kuta (Stealing Measurements) 

3. Mana Koota (Stealing Measurements)

It is indicated that fraudulent methods should be avoided. The Buddha has shown in parables that a person engaged in trade or any pious profession should earn wealth through effort and that it should be like "the bee that gathers the wax" and "the bee that gathers the honey".

Earning wealth through hard work does not bring economic security. If wealth is not used wisely, it is not only possible to spend it and become poor, but also to deteriorate mentally. This does not mean that one should accumulate wealth by being stingy. By spending wisely with the aim of attaining layman's pleasures, laymen can get happiness by enjoying "Bhoga Sukha". The principle to be followed by the Buddha in the use of wealth is called "samajiwikatha".

"Samajiwikatha" means taking into account income and expenditure and controlling it. The Buddha gave the Anana sukha (being free from debt) as happiness. Buddha points out four consequences of borrowing. 

1. Interest has to be paid 

2. Is subject to globalism 

3. Insecure 

4. Punished

Buddha's maintenance of the budget with samajiwikatha was also shown through three similes. 

1. Thuladharopama 

2. Udumbarakhadi Kopama 

3. Talakopama 

Tuladharopama shows that when weighing a scale, it is like trying to balance the two sides by thinking that this side is high and this side is low.

Udumbarakhadi Kopama explains that spending a lot with little income is like climbing a divul tree and shaking the divul tree and eating the ripe fruit and dropping the nuts on the ground. 

The Talakopama depicts that when it does not rain in the pools of people who bathe and close the four inflow gates and leave the four outflow gates, the water in the pool decreases, not increases.

Buddhism also emphasises that a person's hard-earned wealth should be protected from the government, fire, water and thieves. According to the unlimited power of the government, any person's wealth can be confiscated. If the wealth was earned in an unrighteous manner, there is more scope for such things to happen. The hard-earned wealth should be protected from such calamities. In the Sigalovada Sutra, it is said that a person becomes poor due to the six mouths of hell that destroy wealth.

Drug use

Engaging in gambling


Sin friendly service

Street travel at the wrong time 


It is also mentioned in the era of Buddha that through the destruction of wealth, the decline of wealth as well as the destruction of the family corporation and thus the destruction of the society will also lead to physical and mental deterioration.

Buddhism does not approve of living a miserly life by hoarding the wealth a person should have earned. He indicates that he should spend his hard earned wealth for the benefit of the society, for the benefit of himself and his family, and for the benefit of his relatives and friends.

"Ekens Bhoge bhunjeyya

Dwihi Kamman Payojya 

Chatutthancha Nidhapayya 

Apadasu Bhavissati " 

(Digha Nikaya – Sigala Sutra) The Sigalovada Sutra states that one part should be kept for consumption, two parts for useful industries, and the remaining part should be deposited and protected to be taken in case of trouble. Buddha preached that whoever spends wealth in this way will be happy in both worlds.

Buddhism shows four tasks to be done with wealth. Namely, 

1. Performance of Duties 

2. For charity 

3. Healing oneself and relatives and friends 4.For protection from calamities

In the Vyagghapajja Sutra, advice is given to consume with budget. Accordingly, it has been analysed in Buddhism that Panchabali should be held for the wealth earned by the person to be meaningful.

The five sacrifices are as follows 

1. Ghati bali (regarding relatives) 

2. Atthi Bala (Treatment of guests) 

3. Pubbapetha bali (Giving propitiation to the dead) 

4. Raja bali (Taxes payable to the government) 

5. Devata Bali (Sacrifice to Gods and Goddesses) 

Buddhism, which does not value living austerely like the Buddhas who accumulate the wealth they have earned, begs for it, mistreats and pulls it, shows many meaningful tasks that should be done with wealth.

Deploying for the consumption of his family Nurture parents and siblings Performing five sacrifices Spending in disasters Giving charity to the virtuous Working for the good of the Hereafter Man needs wealth for his own benefit and to fulfil his social duties without degradation. The Parabhava Sutra states that wealth deteriorates when it is not used properly.

It is further shown that neglecting old parents, eating sweet food alone, spending on women and handing over the house to such a woman or man will cause degradation. 

It is said that righteous death is better than unrighteous life and righteous death because after living unrighteously, one will suffer greatly in this world and in the hereafter. Therefore, no matter how difficult it may be, wealth should be provided righteously. Although it is a difficult task at that moment, it leads to comfort and happiness in this world and the hereafter.

Although the plans of the Buddhist economic practice are like this, some people's mind is constantly bound by defilements such as greed and desire. The "Mayhaka Jataka" taught in Buddhism explains the wealth of the greedy in a good way.

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