When good fortunes happen to us, we say it is due to the grace of God and blessings of elders, but when misfortunes happen, we say it is our karma. Can you please explain for a better understanding of the next generation?

Our karma is the cause of both fortunes and misfortunes, we experience good fortunes due to our good deeds and misfortunes due to our bad deeds.
When good fortunes occur, we should not credit ourselves. As Bhagavan Kannan has said in Bhagavad Gita, humans cannot achieve anything on their own; it is only due to the power of God, mankind strives to achieve something. So we have to remove the ego that one’s accomplishments in life are due to one’s own merit. This is the fundamental philosophy of Gita.
NOTES
Crediting oneself is as absurd as if one were to say that the person was the sole reason for pulling a chariot single handedly, which is impossible to accomplish as we need more hands to pull it.
We always need Perumal as a constant companion in all our endeavors. Sometimes we are blessed with good luck by the grace of Perumal and without any effort from our side. But we cannot say that only by Perumal’s grace we are experiencing misfortunes as he does not wish it on us.

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