In this special two-part series, Andrea Heng asks Singapore’s money makers about their relationship with money.

Real estate mogul Ismail Gafoor shares how his childhood shaped his attitude towards money, the number one financial rule he and his wife live by, and why it took years for him to finally enjoy spending money on himself. 

Here's an excerpt from the conversation: 

Andrea Heng:  It's important for any couple to be on the same page to make sure that finances are on track. What's the one thing that you and your wife have in common when it comes to a financial habit? Ismail Gafoor:  We have come to an agreement, we will not lend money to anyone ... It (has been) a source of friendships and relationships being broken.