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Laxmi (pronounced, and sometimes spelled, Lakshmi) is the goddess of wealth and prosperity, both material and spiritual.
Her name is derived from the Sanskrit word laksme, meaning "goal." Laxmi, therefore, represents the goal of life, which includes worldly as well as spiritual prosperity.
In Hindu mythology, Laxmi, also called Shri, is the divine spouse of Lord Vishnu and provides him with wealth for the maintenance and preservation of the creation.
In her images and pictures, Laxmi is depicted in female form with four arms and four hands. She wears red clothes with a golden lining and is standing on a lotus. She usually has golden coins and lotuses in her hands. This symbolism conveys the following spiritual theme:
The four arms represent the four directions in space and thus symbolize omnipresence and omnipotence of the goddess. The red color symbolizes activity. The golden lining of her dress denotes prosperity. The idea conveyed here is that the goddess is always busy distributing wealth and prosperity to her devotees. The lotus seat, which Laxmi is standing upon, signifies that while living in this world, one should enjoy its wealth, but not become obsessed with it. Such a living is analogous to a lotus that grows in water but is not wetted by water.
The four hands represent the four ends of human life: dharma (righteousness), kama (genuine desires), artha (wealth), and moksha (liberation from birth and death). The front hands represent the activity in the physical world and the back hands indicate the spiritual activities that lead to spiritual perfection.
Since the right side of the body symbolizes activity, a lotus in the back right hand conveys the idea that one must perform all duties in the world in accordance with dharma. This leads to moksha (liberation), which is symbolized by a lotus in the back left hand of Laxmi. Golden coins falling on the ground from the front left hand of Laxmi illustrate that she provides wealth and prosperity to her devotees. Her front right hand is shown bestowing blessings upon them.
Some pictures show two elephants standing next to the goddess, to symbolize the name and fame associated with worldly wealth. The idea conveyed here is that a true devotee should not earn wealth merely to acquire name and fame or only to satisfy his own material desires, but should share it with others in order to bring happiness to others in addition to himself.
Other pictures show four elephants spraying water from golden vessels on to the goddess. These four elephants represent the four ends of human life as discussed above. The spraying of water denotes activity. The golden vessels denote wisdom and purity. The four elephants spraying water from the golden vessels on the goddess illustrate the theme that continuous self-effort, in accordance with one's dharma and governed by wisdom and purity, leads to both material and spiritual prosperity.
Laxmi is regularly worshipped in home shrines and temples by her devotees. A special worship is offered to her annually on the auspicious day of Diwali, the Festival of Lights, with religious rituals and colourful ceremonies specifically devoted to her.