My father is the one who takes care of my finances as he is an investment consultant, says Swwapnil
Swwapnil Joshi, Actor, shares some money tips
Your first paycheck
I was eight years when I received my first paycheck. It was a cash amount of Rs 60. Honestly, I haven't spent that amount and still own it. I had given the amount to my father, but instead of keeping it he returned it to me and he said that it would only grow if you learn to respect it. Even today the envelope of the amount is still in my case, and it's removed every Diwali on Laxmi Pujan
Most expensive purchase till date
The most expensive purchase is my house, in which I am living at present. It's a massive 7BHK apartment in Borivali.
Who manages your money and where do you invest
My father is the one who takes care of my finances as he is an investment consultant. As he is a professional, he is the one who looks after all my investments too.
Your advice about money
I strongly believe that 50% of whatever we earn needs to be saved. Savings is not about the money we are left with after spending. In fact saving should be the first thing done after earning and spending money comes second. Savings for me is investing more in properties and gold as well, because I strongly feel that this is an investment that never goes wrong
Your money mistake
There are a few mistakes that I made in the initial stages of my life, but I cannot term them as mistakes. Instead they were learnings that I have to be wiser when it comes to handling my finances. There were a few investments that I made in the past with unfavourable returns. Similarly I invested in the stock market as well and realised that it's not my forte. I always had a belief that stock market is all about speculation, but later realised it also needs a lot of study and there is a certain way to deal with things
Next big purchase you are planning
Right now I am a co-producer of a production house. So definitely my next big purchase is the production equipment. As we are setting up a facility for our own production house, we will require lot of equipments for these big suites and camera units. Thus, investing in my production house will be my next big expenditure
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 "Swwapnil Joshi")
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