Final up to date on: November 1, 2011 16:10 IST
Picture: Arif Zakaria
Movie and tv actor Arif Zakaria shares his tips about cash and relationship mantras.
Your first wage and the way did you spend it?
I do not clearly recall, however my first wage was from a university stage manufacturing. I feel a sum of Rs 200 and I spent it shopping for garments.
Your first funding and the way is it faring now?
My first funding was in LIC with a coverage, which I surrendered years in the past. It fetched me a very good return.
Cash classes you learnt from household/dad and mom/mates?
Crucial lesson you study is to take a position from a really early age. You will need to studiously make investments for the long run.
Your individual cash mantras…
All the time stay properly underneath your means!
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‘I’m a studious shopper and conservative spender’
Do you employ bank cards? If sure, what sort of checks do you retain whereas purchasing?
Yes, I take advantage of two bank cards and I’m very stringent of their utilization. Not for as soon as have I gone past the restrict. I additionally imagine you need to pay your bank card dues earlier than the due dates because the curiosity they cost is killing for late funds.
Bank card dos and don’ts for you…
Powerful one, actually! However to every his personal. I’m a studious shopper and conservative spender which has helped me up to now.
Are you a conservative or dangerous investor? Your most dangerous funding until date…
I’ve purchased some actual property presently. I’ve bent over backwards for this and I hope it pays in the long term.
Do you handle your individual cash or do you belief your cash to your cash supervisor?
Often I handle my very own cash just because I’ve by no means had a lot to make use of a cash supervisor.
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‘I feel actual property is the very best vacation spot for surplus funds’
Do you assume friendship and cash ought to be avoided one another? Any incident (your individual on of any pal’s) you may recall when cash spoiled relationships?
This is true. The proper approach to spoil a friendship is to lend somebody cash. I attempt my greatest to not befriend enterprise associates and infrequently do enterprise with outdated mates.
Are you loopy about jewelry? Your first gold buy? Do you imagine shopping for gold biscuits or gold mutual funds are a greater guess than shopping for jewelry?
Contemplating the worth of gold I feel gold is an efficient guess. However I feel actual property is the very best vacation spot for surplus funds.
Cash classes you educate your youngsters?
Belief in god and the remaining in money!