The laughing Buddha is considered a symbol of happiness, abundance, contentment, and well-being. Laughing Buddha statues are considered auspicious and are often kept in homes, offices, hotels, and restaurants, for positive energy and good luck.
The sack signifies that the laughing Buddha gathers one’s suffering and misery and puts them in his sack and gives one abundance and positivity. The sack also represents wealth and good fortune. Opting for a buddha statue for a home in Vastu and placing it in the northeast direction is said to be auspicious.