Friday 30 July 2010
 
   

 
 
 
 
 
 

My mother takes care of my expenses
Ali Merchant


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.


As one who was born with a silver spoon in his mouth, Ali Merchant never really had to worry about making money. However, he’s very much a self-made man. Like an obedient son, he still gives all his money to his mother. He wants to invest in properties so that one day he can construct a building on that plot.

Here, the actor reveals how he goes about making optimum use of his wealth.

How important is money for you?

Money is extremely important in my life. It completes you somewhere. No one can live without it. Having said that money is not everything but it plays a major part in our lives.

Are you an impulsive buyer?

Well, I used to be an impulsive buyer but this recession has taught me the value of money. Now, I only buy things which are a necessity.

What are the investments you have made?

I have bought some life insurance policies. At times, I do invest in share market. I’m planning to invest in properties so that in near future I can construct a building on it.

What is your most expensive purchase?

I bought a house for Rs.23 lakhs in Kandivili. Its price has now soared to Rs. 95 lakhs.

Do you feel financially secure?

Well, I do but what matters these days is how you make money from money. You cannot sit idle even if you have enough money. You will have to work hard to earn more money to secure your future.

Who handles your expenses?

My mother takes care of my expenses. I give her all the money that I earn and she also takes care of my bank account, so I needn’t worry at all.

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

I got Rs. 2000 when I was doing Kitni Mast Hai Zindagi on MTV. I treated my friends with beer and snacks.

How much money do you carry every day?

I don’t carry more than 300 bucks every day.

Any advice for the investors?

Right now don’t invest anywhere. Just wait for bull market to come. Just play safe while investing.

   
Raj Dixit
Posted on 4 april 2009 8:30 pm
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