Invest more when you have high earnings – Gaurav Khanna

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. When you’re an MBA you certainly know how to make the best use of your finances. Gaurav Khanna, who essayed the character of Ruhaan in Meri Doli Tere Angana, is certainly one successful executive-turned-actor. We cashed in on this MBA graduate to know how effectively one can use his/her money. How important is money for you? At this point of my life, it’s important. This is not to say that I’m facing any cash crunch. I’ve always believed that it’s between ages 20-30 that one needs to make money. This is the period when money is the motivating factor. Are you an impulsive buyer? Yes, I am. However, there are a few things where I need to do my homework. For instance, if I’m buying a car or a gadget then I do gather information on it. What are the investments you’ve made? As an MBA graduate, I’m very prudent with my investments. My investments are a mix bag. I’ve got shares, mutual funds and property. What is you most expensive purchase? It will have to be my 2BHK flat in Malad. It cost me around Rs.60 lakhs. Fortunately, I bought it a few years ago. The rates today have really touched a new high. Do you feel financially secure? This is a very relative thing. Financial security differs for person to person and it’s periodical. When I started my career, I obviously desired more as what I earned wasn’t enough. At the moment, I’m doing well thus there is no insecurity. Who handles your expenses? I’m wise enough to handle my own expenses. What was your first salary? What did you do with it? I took up a manager’s job in an American company MAQ Software. I drew 40 grand a month. Like most good sons, I gave that money to my mother. How much money do you carry every day? Not much, as I’m mainly into plastic money. On an average I carry Rs.3000 daily. Do you invest in the stock market? I have mainly invested in mutual funds. I’m not much into shares. Any advice for investors? Investment is a must in this age where inflation is touching double digits. I just have one thing to say, invest more when your have high earnings.