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.
Son of veteran comedian Paintal, Hiten
Paintal started his career with films
and got into television with shows like
Yeh Hai Mere Apne and Lo Kal Lo
Baat besides Darna Mana Hai and
Ek Ladki Anjani Si. The actor is a spendthrift
to the core and loves to pick up stuff for
his folks wherever possible. Of course,
he also has a penchant for cars.
Kavita Shyam spoke to Hiten on how
he manages his money.
"My
father manages 60 percent of the money"
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How do you manage
your finances?
Basically, my finances are handled by my
dad. I manage just about 40 per cent of
my money. As soon as I get a cheque, I hand
it over to my father. We have a joint bank
account. But we also maintain sepate accounts,
although we can operate each other's.
What do you like
to invest in?
Given an opportunity, I would like to have
hordes of cars. But that would be like wasting
money as the cars depreciate with time!
I want to buy some property soon and I am
looking out for something really nice.
When did you start
investing?
I started working six years ago, and since
then slowly, I have been investing in something
or the other. Though of course, dad does
my fixed deposits and stuff like that, which
I rarely understand!
Do you dabble
in the share market?
No, I don't get into the share market. I
know I'll make a mess of it, so I don't
want to venture into all this. I prefer
to be on the safer side - I prefer my FDs.
Has your family
invested in property?
"
I'd open an chain of restaurants"
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My father has bought property in Lonavala
near Pune and at Panchgani. But I am saving
money to buy a nice place in suburban Mumbai,
hopefully by this year end.
Are you an impulsive
buyer?
I am very much an impulsive buyer. If I
like something, I just pick it up, not just
for myself but for the whole family. Money
just does not stay in my hand!
Have you bought
a car?
Yes. I bought a black Scorpio six months
ago. I had earlier bought an Indica in 1999.
Did you opt for
loans while making your big purchases?
Yes, I did, for both my cars.
Do you bank on
any other profession other than acting?
No. But I have plans of opening a chain
of restaurants in the future. Let me establish
myself and make enough money. I will surely
start a restaurant.
What would you
call yourself - a self-made man or one who
gets with some
"Everybody
and everything is insured"
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help from the
family?
I think I am a mix of both. I am a self-made
man, but my family is always there. If something
goes wrong, my folks are there to fall back
on.
Do you believe
in insurance and what have you insured?
Of course. The cars, house, our family,
everybody and everything in the house is
insured.
Does the Union
Budget affect you?
Not really. I know how much to spend and
by now, I am used to the prices of commodities
fluctuating every now and then.
Do you keep yourself
updated on finance matters by reading newspapers?
Not at all, I just don't go through the
financial segments of newspapers. I hated
accounts as a subject in school!
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Posted
on 13 March 2006 4:30 pm
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