Ssudeep Sahir was in 7th grade when he had put up a stall in a Diwali mela in Delhi. That’s the first time he earned money. The actor recalls making a profit of ₹4,500 back then.
“Before moving to Mumbai, I was working but living with my parents in Delhi so everything was taken care of. When I moved to Bombay I realised that I had to do everything myself, take care of my rent, food, travel etc expenses all by myself. That’s when I really started understanding the value of money,” says the actor, known for TV shows such as Woh Apna Sa, Paramvatar Shri Krishna and Tera Yaar Hoon Main.
We all have seen how our parents work hard to give us the best life and fulfil our needs during our growing up years. And, when we start earning, they help us understand the importance of it and how we should maintain the same.
“When an individual starts earning and becoming financially independent, they often gain a new perspective on money and the value of hard work. When I started earning it honestly led to a greater appreciation for my parents, for the sacrifices they would have made and the hard work they would have to put in to support me and my siblings,” he adds.
Financial independence is necessary. Ssudeep feels financial independence can mean different things to different people.
He continues, “But generally, it refers to being in a position of financial stability and having the freedom to make personal and financial choices without having to worry about meeting basic financial needs. Financial independence for me is a state of being where an individual has sufficient resources to support a lifestyle without the need for constant income to cover basic expenses. Essentially, it is the ability to live comfortably without being heavily reliant on someone else to meet the financial needs.”
Sharing how his father has guided him to take care of his finances, Ssudeep adds, “I’ve been lucky that there have been a few people in my life who’ve guided me and taught me how to handle my finances the right way. My father and my mother-in-law have been instrumental in guiding me. Firstly, creating and sticking to a budget is crucial for managing money effectively. Saving money on a regular basis, even if it's a small amount, can add up over time and help build a financial cushion. Manage debts responsibly, avoid accumulating debt if possible. Most importantly invest wisely and avoid mixing business with emotions. Make decisions regarding money with a clear mind, and avoid getting emotional.”
