Laughing Buddha was a monk as well as a deity who was launched into the Zen Buddhist pantheon. He evidently lived around the 10th century during the Liang Dynasty. His name literally means "Cloth Sack", wherein it refers to the bag that he is shown carrying as he wanders. His jolly nature, humorous personality, and eccentric lifestyle distinguish him from most Buddhist masters or figures.

The statue of the Laughing Buddha is one of the finest things that one can keep at home or workplace. It is believed that Placing of Laughing Buddha attracts positive energy, thus one can be blessed with good luck, a peaceful environment at home and also prevents misfortunes.

The very pleasing look of laughing Buddha helps in coming out of the stress and pains of life. But, one has to be very careful in the placement of laughing Buddha.

The most auspicious direction to place the statue of laughing Buddha is the east direction. If the family is going through financial crisis, clashes between family members, arguments then this would be the right time to place the idol in the east direction and you will be blessed with the most needed relief.

According to Vaastu Shastra, every individual possesses a lucky direction as per their horoscope. Thus by placing Laughing Buddha in this direction at home shall considerably advance the wealth, overall well being, and success in life. This will also help the individual in directing them towards their goal and bring highly positive results.

If the Laughing Buddha is placed in the south-east direction of the room, hall, bedroom or dining room, he shall grant unexpected luck and one can experience tremendous growth in the income of the home. This position is a stress reliever and mood enhancer.

You can experience growth in your career by placing Laughing Buddha on the work place desk. Students can place this idol on their study table so that they can improve their concentration level and excel in their academic performance. Placing this on the work place desk in office will prevent disputes, quarrels and arguments with colleagues, subordinates, and superiors.

However, one must also keep in mind the place where it should not be placed. It is said that you must never place this statue in the bathroom, kitchen or on the floor. Also, you must avoid placing it near any electrical lines and equipment that make continuous noise as these impacts shall scatter the energy supplied by the idol.

Laughing Buddha is respected and regarded with great reverence. You must place this idol of Laughing Buddha to worship and respect. Disrespect caused to this idol shall only bring bad luck and therefore, you must take great care in duly giving importance to it.