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Putting money into your business is a good investment: Freddy Daruwala

The intrinsic nature of money is fluidity. It's got to roll from one to another. When it comes to you, park it where it can generate security, assurance of future and safety

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Freddy Daruwala
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Freddy Daruwala, actor and model, shares some money tips

Your first paycheck?

I made the best investment out of my first paycheck. I remember it was Rs 25,000 and I received it from a campaign I shot for a store. I gave Rs 5,000 to my mom and my trainer and took the Rs 20,000 and moved to Mumbai. The rest is history.

Most expensive purchase till date?

My car and my motorcycles. With every project I do, I keep buying motorcycles as I'm obsessed with them.

Who manages your money and where do you invest?

I manage my own money and invest it mostly into stocks and SIPs, a little in property as well. But I also invest in my business, learning newer skills or creating good content.

Your advice about money?

The intrinsic nature of money is fluidity. It's got to roll from one to another. When it comes to you, park it where it can generate security, assurance of future and safety. Also when you are young, you can take more risk. So invest in your business. That is one of the best investments you can make.

Your money mistake?

Because of whatever reasons I had or excuses, I did not invest my money properly into the things I mentioned before. I spent a lot of money on buying frivolous, materialistic things. That created a huge dent in my monetary planning.

Next big purchase you are planning?

I am planning to buy the rights of this film that I think will be great to remake in Hindi.

Bollywoodlife.com

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