The "Braveheart" star Mel Gibson says making films independently has become an extremely costly business, therefore, he has decided not to finance his movies anymore.

"It's tricky... Nobody would have financed them, they more or less worked, but I would never have got anyone else to finance them.

"I'm out of that business of financing my own films because they (studio chiefs) see you coming and take you for a ride. I'm not a fool," The Hollywood Reporter quoted Gibson as saying.

The 58-year-old actor-director invested his hard earned money into his controversial films like "The Passion of the Christ" and "Apocalypto", but getting those projects onto the big screen turned out to be a challenge for him.

"It's difficult for the things I deem worthy to direct, where you can get a really good compelling story out of - nobody else has much faith in it and never did," said Gibson.