Thursday 24 May 2012
 
   

 
 
 
 
 
 

"Saving money is very important"
Zulfi Syed


Money. That's what drives everyone in the final analysis, whether in the glamour world of acting or the hard grind of scripting and producing. Cashin' In sits down with TV celebs to know well they handle their financial matters, and tracks their spending patterns.


How important is money for you?

Money is very important; in fact, everything we do is to earn money and feel secure. I wonder whether anyone remembers the olden days of the barter system, where items were exchanged based on perceived value. Nowadays, everything is centered on money. Things have become so expensive. If you want to maintain the certain type of lifestyle that you have promised yourself, you need money.

Who handles your expenses?

I handle my expenses myself. There is a Chartered Accountant (CA) as well, but I make it a point to look into my financial matters personally.

Are you an impulsive shopper?

No, I am a sensible shopper and purchase only what I need. I don't indulge in extravagance.

You must have indulged sometime. What is your most extravagant purchase?

I am fond of gadgets – electronic items like new phones and laptops. My Apple Mac Pro, purchased in the US is my most expensive buy. I would not really call it extravagant because it's not a piece of decorative waste; I use it everyday and so it better be good.

What are the investments you have made?

I have made a lot of sound and sensible investments. I have a LIC policy. I have also invested in Reliance, IDBI investment bonds, and Birla Sun Life. I don't like the uncertainty of the share market and so keep as far away as possible from shares.

How much money do you carry every day?

I carry my credit cards in my wallet and around Rs. 2,000 to 3,000 cash.

What was your first salary? What did you do with it?

In 1996, I did a fashion show in Bangalore. I remember collecting the money due to me and purchasing a bike – a Yamaha RX100 – which is still with me.

What is your advice for investors?

Save money. That's very important. Apart from that, put your hard-earned money in 'safe' investments. In my opinion, real estate and gold are really safe investments. Their value never really falls. Also, before investing in something, find out all you can about it. Gather all the knowledge you would need and only then put your money in it.

   
Anjana Nagabhushana
Posted on 12 Feb 2009 2:30 pm
More Cashin' in... Comment on Story