Money Rehab with Nicole Lapin - Should We All Be Biohacking? With Casper Co-Founder Neil Parikh

Episode Date: March 26, 2024

Have you noticed that there is a very bizarre trend happening in the entrepreneurship space? There is a very specific bro-y entrepreneur who is super into biohacking. Why is this one particular type of person so obsessed with these health hacks? And, an even bigger question: are these entrepreneurs onto something? To answer these questions, Nicole talks to Neil Parikh, one of the co-founders of Casper. Want to chat one-on-one with Neil about your business? Book him on Intro at https://intro.co/neilparikh $ If you're ready to find your dream team, use LinkedIn Jobs. Post a job for free at: linkedin.com/mnn $ Want to level up your money moves? Check out Facet. Facet is the next generation of personalized financial planning that is making professional financial advice accessible to the masses, not just the rich. Facet will help you understand and expand your financial opportunities by providing you with a team of financial planners (with the CFP® certification you want) and a team of professionals across all the major food groups of your financial wellness: retirement planning, tax strategy, estate planning and more. To claim Facet’s offer for Money Rehabbers, go to: https://facet.com/moneyrehab 

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apply. Boosts are available to eligible Chime members enrolled in SpotMe and are subject to monthly limits. Terms and conditions apply. Go to Chime.com slash disclosures for details. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Have you ever noticed that there is this very bizarre trend happening in the entrepreneurship space? There is this very specific bro-y entrepreneur that's super into biohacking. And I have a lot of questions. Like, why is this one particular type of person so obsessed with these health hacks? And an even bigger question, are these entrepreneurs onto something? In other words, should we all be biohacking?

In order to answer these questions, I'm talking to Neil Parikh, one of the co-founders of Casper, the game-changing mattress company, and a total sleep and health research nerd. We are talking about biohacking. We also define it if you've never heard of it. We've got you. And of course, we talk about sleep because we had to. Here's our conversation. Neil Parikh, welcome to Money Rehab. Thanks for having me. Appreciate it. So let's start with the obvious, sleep. Be honest. You co-founded Casper. Was the goal to actually make the world sleep better, or did you just see a white space avoid in the market or a little bit of both?

I think some things happen by accident and, you know, they only make sense in reverse. So with my story, I was in medical school and I hated it and I really wanted to leave. And so I took a year off and moved to New York and ended up in a co-working space with somebody who I met next to me talking about how he used to sell mattresses online from his dorm room. And I was like, that's a dumb idea. Nobody's ever going to buy a mattress on the internet. But we started talking and we realized it was actually a big opportunity. Now, I hate admitting this, but my dad's a sleep doctor. And so I'd kind of been thinking about this for a while. And so we put

two and two together, we realized the starting opportunity was in mattresses because it was a terrible buying experience. You know, back then you'd have to like negotiate with somebody at a store, like it's a used car or something with these sleazy people with big suits on and other weird things. But the bigger opportunity we saw was like, there could be a Nike of sleep, right? There's no brand that really helps you think about when you want to sleep better, both from products, content, services, experiences, and other things. And it makes it cool.

And I think we were in an era where we're thinking about, you know, now we're finally in rest and relaxation mode where like people prioritize that, right? We sauna and cold plunge and exercise and things, but that era was just starting back then. So I'd say it was a bit of both. What does your dad think about the company? He loves it now. Although when I told him I was dropping out of med school to start it, he thought I was insane, obviously. Well, thankfully, some of this sleep research since then has become more mainstream. I mean, I think we've all heard,

don't eat right before bed. Don't use your screen right in your eyeball before bed, get eight hours, all that stuff. First of all, are any of those insights correct? Yeah. So I'd say most of them are correct. So here's the thing. The biggest impact to sleep is actually not really what you do at night. There are impact factors like cold temperature, your room should be cold, heat and humidity, you want breathable sheets, that kind of stuff. But a lot of the impact is what you do during the day. For me, the biggest impact has almost always been caffeine. I never realized it that like that three o'clock cup of coffee that I would have to keep me going, I was going to feel it

all the way until three o'clock in the morning because I'm a slow caffeine metabolizer. And I didn't realize that until I got the genetic testing done. So I'd say it's a lot of impact is actually what happens during the day. And most people don't really think about that because during the day, you're thinking about whatever it takes. But the problem is, if you don't make the investment during the day, then you get into this like doom spiral of sleep, which is that you're tired all day, which means used and then you watch TV at night, or you have a few drinks, you stay up late, you don't sleep well, which means that the next day you need more caffeine and you eat like crap and then you stay up late. And so you kind of never break out of the cycle. As I'm zipping my coffee, I mean, it's 1.22 in the afternoon. It's not, I got three, but still.

Okay. Two o'clock, we're done. That's when I got up. There's been a lot of weird stuff though, come out lately, like the mouth tape thing, you know, people literally taping their mouths shut to encourage breathing through their nose, I guess, sleeping better. When you were doing research for the book that you co-wrote on sleep, were there any tips like that? Like weird tips that surprised you? One of the weirdest things is actually sleeping in separate beds from your partner. So it's something that we learned is very common in Germany, for example, where people often will sleep in two twin size beds with different comforters, different beds that

are essentially together, but separate, which is weird because I would never do that. But apparently people love it. And it has been shown to improve sleep pretty dramatically because you're not like kicking the other person at night. You can kind of have your own temperature control and whatnot. What it does for your relationship, I don't know, but it definitely- Honey, did you hear that? Did you sleep well the night before Casper IPO'd? No, terribly. I mean, it's a huge moment. Did you sleep?

I think it was, you know, my best analogy was it was like sleeping, like how much I slept the night before I took the SATs, which is going to sound so nerdy, but I was so nervous. How often did you check the stock price? Be honest. The day of every, you know, 10 minutes, because you think about it a lot. And then at some point, you just have to turn it off. Because the problem is it can become this like obsessive thing where like the hard part is like you work on something for such a long time and then you do it for the mission but i think most people would be lying if if they didn't think about the financial you know success of it at all and then all of a sudden it's like all of your life's work has been reduced down into one number, you know, and that number is actually not reflective of it, of all the amazing things

that are going on within a company. And so it is a little bit of like a mental twist, you know, and I've talked to many friends who have run public companies and it's, it's definitely stressful to see that because also when you run a public company, you can't really talk about all the stuff that's going on in your company because it's, you know, not, it's non-public information. And so for all of your friends and everybody that you know, the only thing that people see on the outside world is often your stock price. But all day long, you're living something totally different. And so that was really the adjustment that I had to make. What do you think the most important number is if it's not the stock price?

I think the most important number is probably NPS or like, are your customers happy? NPS, just because we're in a no jargon zone. Oh yeah. Net promoter score. So it's basically, you know, the number that we use to figure out, are your customers happy? The key question is just like, how likely are you to recommend us to a friend? And it's an imperfect measure, but it helps you get a sense of, are you doing a good job or not? Right. That's a generally a scale of one to 10. And if you report a low number on that, it's a good proxy for like, I don't like this company. They suck. Right. They don't treat me well. The product's not great, but it kind of captures a lot of things into one metric that you can, I would say, softly look at over time. Like, are you trending in the right direction or not?

What's the stock price right now? We went private. So that's $0. How nice is that? It's a great day. Yeah. What are the emotions around that? Because it feels like when you're a baby entrepreneur, going public is like the end all be all. And then you get there and you're like, holy shit, this is like a financial colonoscopy every day. I mean, this is what I've heard from other entrepreneurs who have taken their companies public and regretted it and then have potentially gone through similar processes of taking it back

public, which can be heavenly in some ways because you don't need to go through said colonoscopy. It's way less fun than people think it is. I think that it's definitely glorified in terms of this is the thing that everybody should be doing and that you should aspire to. And we see photos of the New York Stock Exchange everywhere and that you want to go ring the bell. And don't get me wrong, all those things are really cool, right? Taking a photo up there, really cool. Having a stock price, pretty cool. I would say the level of accountability and responsibility that comes to having public shareholders is insane. And what it does to change your business, how much you can talk about what you're doing externally changes, your relationships with other people change, your employees start looking at the stock price. And I think also the cool thing about being private is that, like we talked about with the stock price, when you're private, your entire existence doesn't often get reduced into one number, right?

And there's a much richer story that you can tell about who you are and what you're doing, what your story is and whatnot. And so, yeah, it's not all that's cracked up to be. So entrepreneurs who take sleep really seriously tend to also be interested in biohacking. I've seen some of your musings as of late. First, before we double click on it, can you just define what biohacking means for anyone who might not know? Yeah, so biohacking, it can mean a lot of things, first of all. But to me, it means making changes in your life, using either

things that you're doing externally or internally to impact your health. So tactical example, it could range from I'm using red light therapy to either improve the quality of my skin or change something about my circadian rhythm. To some people, it means eating a very specific diet, like Brian Johnson, eating a very specific blueprint. Yeah, mush diet. To some people, sauna and cold plunge has become very popular. And so I'd say it's basically any intervention you take that's trying to impact your body somehow. So entrepreneurs are specifically obsessed with this now. You mentioned Brian Johnson, who famously spent 2 million bucks on medical interventions and all sorts of weird stuff like electromagnetic

pulses on his penis to make it younger and all weird, weird stuff. Why do you think entrepreneurs specifically are so obsessed with biohacking? I have a couple of ideas, but I'd love to hear yours. Oh, I think it's control. What I mean by the control thing is that when so much of the world is out of your own control, I think biohacking feels like, wow, I can do something and then I see a direct input into what's happening into me or at least what I believe, right? And when you're often running a company, it feels like things are out of your control all the time, right? The market could be changing, you have employees or other things. I might be projecting a little bit here, but my hypothesis would be that it's like a very direct thing that people can do and see some

output on the other side. And I think the other thing is, you know, people who start companies are often experimenters. And so we're down to try crazy things on ourselves. And so there's a range of that, obviously, from, you know, sauna to some people injecting themselves with crazy things on ourselves. And so there's a range of that, obviously, from, you know, sauna to some people injecting themselves with crazy things that come from animals that are probably not FDA approved and whatnot. But we're probably like a little bit more on the radical side than most people. I mean, there's a lot of money going into this with a handful of dudes, for the most part. Oracle's Larry Ellison reportedly spent $330 million on aging and age related diseases. Bulletproof's David Asprey wants to live beyond 180 years old and is spending all

sorts of money to do that. What companies do you think are doing interesting things that you would try? Or has any of this stuff been democratized to a place that regular folks can try it? Yeah, it's a good question. I mean, my go to ones are often just around sleep. So you know, the aura ring is wonderful. Like, one of the key problems with sleep is how can it's the same problem in business? How can you impact something that you don't measure? Right? What we used to do is just like wake up and get a sense of like, I feel kind of tired, or I feel kind of stressed. And I think what's amazing is that now you can look and see, oh, it's because even though you were in bed for eight hours, you only slept five hours and 32 minutes, or maybe you only got 42 minutes of deep sleep. And so you can think about,

okay, what does that mean? And what should I do about it? The second to that is either getting a gym membership where you can go sauna or getting one of those sauna blankets or doing something. I've seen remarkable results from people using the sauna more frequently. I mean, the studies on all cause mortality are incredible in terms of the expansion and lifespan for people who sauna multiple times a week. And the other benefit to it is that even if all the science doesn't work about the long-term, most people just feel amazing afterwards.

And so I think there's some real value to that too. And like, you know, what's the cost of heat? There's plenty of ways to get it. That's not that expensive. True. You don't need a fancy infrared sauna to do that. You can just go to the desert, go outside on a hot day, take a hot bath, whatever. I am no health expert, but I do want to get your thoughts like bullish or bearish on a couple of things that have gotten some buzz lately. Ambrosia is a company that offers young blood transfusions for $8,000? Are you bullish or bearish? Bearish. All right, pass. That's, I think, where they take blood from a teenager or something and then put it in your body. Here's the thing. It might work. The reality is I'm sure people feel better, right? The question is what level of risk do you want to take and how much money do you have, right? We also know IVs,

for example, when you get them, are they really doing anything that's different than drinking four Gatorades in a row? Not really, but it seems- I know, it's like expensive pee. Yeah. But the placebo effect is really powerful. If you're really hungover or you're not feeling great, that big yellow bag makes people feel somehow better than drinking four Gatorades. And so does getting the blood of a young, healthy person who hits the gym 18 times a week feel good to some people? I'm sure, right? They probably feel superhuman afterwards. Just like when you put on a pair of Nike sneakers that the marathoners use to run a two-hour marathon, you suddenly feel

like you can run faster. Yeah, we're sleeping in a Casper mattress. All right, what about data mining your own DNA? There's a company, Health Nucleus, that will do this for $25,000. They'll map your whole genome for early detection of diseases, bullish or bearish. Would you do that?

I have done a lot of data mining of my genome. I have not done the health nucleus one, but I would say bullish on this idea of using your genetics to impact your life. There's a few other tests that are way cheaper, starting with 23andMe, which most people have done at this point. You can actually export that data and put it into a bunch of other services. There's one called 3x4 Genetics that I don't have an affiliation with, but is really cool, where now you can actually start to see, based on your genetics, how should you eat? Now, I think that's super interesting because you can actually make tactical changes. So for me, for example, I've always had high cholesterol. It's run in my family for a long time. And I was always thinking

and told by doctors, well, maybe you should try the keto diet. And so I tried the keto diet for a while. And often the keto diet is like, oh, we'll have lots of coconut oil and ghee and other things and cheeses. But it turned out that from my nutrigenomics panel, for me, saturated fats are definitely there. My body cannot process them. And so actually the reason my cholesterol was so high for such a long time was because I was having all these saturated fats, which is what I was told to eat by other people. Yeah. There's some cheaper ones that will do like food sensitivity things. I was really surprised by some of my results. Like I can't have sugar and fruit together or something. And I was like, whatever, I'm not going to have sugar and fruit together. Who does that? But then I was like, I love cobbler and pies. And like, of course I put

sugar and fruit together. You know, a fruit tart. Yeah. All right. Anti-aging super pills. This is interesting because there's a company that will do this for 50 bucks a month. Basically, instead of taking a big handful of a bunch of different supplements, they'll consolidate it into one or two pills. Bullish or bearish?

I'd say bullish if it has the key things that help you actually take it. So the number one thing that makes a difference is adherence, right? Like if you don't take your vitamin D, it's going to have no impact on you. If you don't take your fish oil, it's going to have no impact on you. And so if it gets you to do it, great. If those pills are just sitting there on the counter because they're still like in these beautifully wrapped one-off packages, but you don't take them, makes no impact. For sure.

Brain drugs like nootropics. Very bullish. Yeah. Why? So I take these supplements from Thesis all the time, which I love. I'd say that it's one of the few areas where I really do believe you can get impacts to cognition, to focus, to memory. I mean, the nootropics really got popular in the

last five or 10 years. I've personally taken them. I have seen huge benefits. And I also think that like right now there's this craze where a lot of people are getting diagnoses for things like ADHD or other disorders where the first call to action is often to take stimulants or other prescription medications. And I actually think that nootropics could be for some people, right, a much easier kind of glide path on the way in to see how you feel versus just jumping onto the more aggressive stuff. How about fasting meal plans like Prolon or just sort of fasting, bullish or bearish? Very bullish. So every year I do a five-day water fast which is going to sound insane because it is kind of insane um where for the first two days you feel terrible and you're grumpy and you want

to you know it's awful and then come days like three and a half to five it's like you're inside of the matrix yeah like a fucking invincible i've done it and I wanted to kill myself. And then I was like, wait a minute, why do I ever eat food? It's so stupid. Yeah, exactly. You're like, what? I can suddenly speak Portuguese. Should you do it for that long? How frequently should you do it? I think those are all things that we have to figure out. I'm probably more bullish on doing extended fasting rather than doing intermittent fasting. Like there was this whole IF craze for a while where everybody was doing like, you know, I only eat in the eight hour window or four hour window every day. And most recently, a lot of the functional medicine doctors have switched away from recommending that to everyone because of

fears of muscle loss. But look, I mean, there's some ancient science here, right? Like why do most of the world's religions recommend fasting in one way or another? Right. I think it's because we've known for a long time it's probably good for us. Hold on to your wallets. Money Rehab will be right back. in some extra cash. But I totally get it that it might sound overwhelming to start or even too complicated if, say, you want to put your summer home in Maine on Airbnb, but you live full time in San Francisco and you can't go to Maine every time you need to change sheets for your guests or something like that. If thoughts like these have been holding you back, I have great news for you. Airbnb has launched a co-host network, which is a network of high quality local co-hosts with Airbnb experience that can take care

of your home and your guests. Co-hosts can do what you don't have time for, like managing your reservations, messaging your guests, giving support at the property, or even create your listing for you. I always want to line up a reservation for my house when I'm traveling for work, but sometimes I just don't get around to it because getting ready to travel always feels like a scramble, so I don't end up making time to make my house look guest-friendly. I guess that's the best way to put it. But I'm matching with a co-host so I can still make that extra cash while also making it easy on myself. Find a co-host at Airbnb.com slash host. One of the most stressful periods of my life was when I was in credit card debt. I got to a point where I just knew that I had to get it under control for

my financial future and also for my mental health. We've all hit a point where we've realized it was time to make some serious money moves. So take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Learn more at Chime.com slash MNN. When you check out Chime, you'll see that you can overdraft up to $200 with no fees. If you're an OG listener, you know about my infamous $35 overdraft fee that I got from buying a $7 latte and how I am still very fired up about it. If I had Chime back then, that wouldn't even be a story. Make your fall finances a little greener by working toward your financial goals with Chime. Open your account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN.

Chime feels like progress. Banking services and debit card provided by the Bancorp Bank N.A. or Stride Bank N.A. Members FDIC. SpotMe eligibility requirements and overdraft limits apply. Boots are available to eligible Chime members enrolled in Spot Me and are subject to monthly limits. Terms and conditions apply. Go to Chime.com slash disclosures for details. And now for some more money rehab. Well, OK, so you said the main explanation potentially for why entrepreneurs are really,

really obsessed with biohacking is control. What was yours? Why do you think we do? Mine was ego. Okay. Yeah. Similar. I mean, Brian Johnson isn't spending millions of dollars to give access to medical interventions to President Biden or Malala Yousafzai, right? I mean, these medical interventions are so expensive, but they're out of reach for so many people. I mean, these medical interventions are so expensive, but they're out of reach for so many people. And I think there's a little bit of narcissism involved if an entrepreneur is thinking that they can just be one of the few that gets access to this super stellar medical care

right now. Okay, I get it. Can I offer another perspective though as well? So I think that's probably true, but I also think that they're the people willing to run the experiments on themselves. And those things end up sometimes trickling down into pop culture a bit more, right? Because the thing is like a lot of biohacking, some of it's very expensive. Don't get me wrong, right?

But like some of these interventions are not that expensive, right? There are some supplements that can help you that are not that expensive. Going to a sauna, like that's been a common part of our culture for a long time. But like the pharma companies that basically NIH and our entire system have oriented basically all of medical care to be either fee-for-service, I pay for a doctor's visit, or I'm taking a drug and there's no other interventions, right? And so I think what's going to happen is that maybe these people are running experiments on themselves because the NIH is not doing tons of studies on like the impact of sauna on, you know, public health. And maybe we'll get more

downstream impacts from those people talking about it more publicly. Like, yeah, the stuff Brian does is crazy. But like, if people eat slightly less meat, for example, like is the blueprint health diet, the perfect diet? I don't know. But do you think if most people ate less fried chicken and slightly more food like that, would they be healthier? I think the most people would say probably, yeah, it's probably good for people. So you're saying there might not be altruism, but there's some good that comes from being a guinea pig for the rest of society. Another explanation potentially is that entrepreneurs are so committed to the optimization

of everything, their lives, their businesses. And so they want optimization with their bodies as well. I mean, Tim Ferriss kind of started this fire with a four-hour body and four-hour workweek before that. What do you think about that idea? I think that's right. Yeah. I mean, especially this whole generation of people, right? So for example, like e-commerce entrepreneurs, what are they really good at? It's like AdWords buying and like optimizing your click-through rates and user flows. And so like, it's a very natural extension that we go from optimizing every part of our business into optimizing ourselves.

That makes sense. I mean, I know a lot of entrepreneurs, you probably do too, who bring optimization to their personal lives. They use monday.com project management software to track their mental health trends or OKRs for their relationships. Have you bought into any of those business-y tools or behaviors and brought them over to your personal life? I'd say the biggest impact to me though

was on my finances, starting to use this app called Copilot. I don't know if you've ever heard of it. So people used to use Mint and everybody was like, okay, this is cool. I think the biggest change for me was having a source of truth on what the heck is happening in my life, because it's so easy to groundhog and be like, no, I didn't spend $800 on food last week. Like that's, you know, you just like forget or like say, you know, crazy things. And then you look at these things and you're like, what? Oh my God. So I'd say that's probably driven the biggest change. Cause I used to groundhog on these things a lot. I would just say like, nah, I don't want to look at it. Like I'll just pretend like it doesn't exist.

And like seeing it and getting in front of it and planning for it has been a big, a big impact for me. So you've used business tools to get your personal finances in order, like your own spending, saving. Have you automated it? Have you taken control? Like when you first made real money, did you just think like, I've got money, like I'm never going to run out of money. We're cool. And then not pay attention. No, I did the opposite. Personally, I went and did two things, one of which I'd recommend and the other I would not recommend. So I aggressively angel invested. I've made like 200 investments into other companies, which is cool. And part of it's like you get to learn a lot and you get to support other

entrepreneurs and it's awesome. But the liquidity on angel investing is really, really long. And I think you kind of, you don't really think about that, that when you write a check to invest into a company, first of all, most likely that money's never going to be back, right? You don't really think about that. And then secondly, if it ever does, the first companies that I backed like 10 years ago are starting to exit, right? And so like, that's a long time to wait to get access to your money again. So that's the one where like, if you're really into it, that's great. But I think the fact that like, everybody wants to, you know, do angel investing, I'd probably think about it. The one I do recommend is just investing into yourself. Like I spend a lot of money on

coaches and like therapists and learning of all different sorts, like hire people to teach me, I don't know, anything I can think of. And I think for me, that has had the biggest impact. And that's usually what I recommend to most people, because it's like, if your life is like an exponential curve, small changes at every point can dramatically impact you like, you know, slightly further and further out. And so like, if there's anything you're going to invest in, it's probably much better to invest in yourself and go long on yourself versus going long on just the S&P 500. You know, you've been listening to money rehab, investing in yourself pays most dividends later on. Neil, you then went back into the entrepreneur game. After that, you then predicted that a bunch of startups and VCs are going to go out of

business. Why did you say that? And what do you see for the year moving forward? Okay, so we're in a liquidity crunch. And the problem is that we had a historic amount of venture capital that entered the ecosystem over the last five years. Everybody's cousin has a venture fund. You know what I mean? A $10 to $50 million fund where they're investing in something or other. So what's amazing about that is that a lot of people were

able to start companies because you could raise $500K to $2.5 million from people. But the problem is that if you hadn't figured out your business, and we've gotten to today, the thresholds for series A's and series B's are way higher than they used to be. And so what ends up happening is that there's just like not a lot of money left for those companies that are doing okay, but not amazing, unless you're an AI. If you're an AI, all bets are off, right? But for a lot of these companies, the second thing is that we were sold a bill of goods by investors that ended up often not being true, right? Like, oh, I'm always going to be there for you. I've got your back. I've got more money, etc. But I think the reality is like, most of them investors aren't your friends, right? Like it's your job to

manage your business. It's your job to think about liquidity. And it was like a little bit of a series of unfortunate events. Like when the SBB collapse happened, right? Now all the people that took venture debt from them are struggling because there's no more money to come. You know, how do you, one, how do you repay that venture debt? And two, who's inheriting and collecting that money? Yeah, I think it's going to be a bit of a painful year. That said, I've shut down companies before and it was really hard. And the reality is, I think this is just like part of the ecosystem, right? Like a lot of companies just should shut down. And I think we should think about them like projects, not like forever entities where like, if it's not a thing to be ashamed of that you shut something down, right? It's more of a sign of like, if you see

the writing on the wall, you have to decide, am I going to pound the pavement for the next 10 years to make this happen? Because I'm willing to anything? Or do I want to go work on something else? I don't think there's anything wrong with either way. I don't either. I shut down a company. It was a financial smart watch. I thought it was a brilliant idea and it was so stupid. And it was painful, but you have to shut it down. And that is the financial circle of life. We end our episodes, Neil, by asking all of our guests for one money tip listeners can take straight to the bank. What's just one thing that you would leave listeners with about saving, investing, budgeting, running a business, shutting a business down?

Anything. The biggest tip I have is set aside money to invest in yourself, you know, and think about, OK, 10 percent every month I'm going to spend on myself, whether that means going to the gym, hiring a trainer, going to therapy, saving up for school or something. The compounding gains for that in your life are going to be enormous. And most people never think about it. Right. They just think I can't afford it. But like if you save for vacations, you should save to invest in yourself.

Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan L Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan Levoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions, moneyrehab at moneynewsnetwork.com to potentially have your questions answered on the show or even have a one-on-one intervention with me. And follow us on Instagram at Money News and TikTok at Money News Network for exclusive video content. And lastly, thank you. No, seriously, thank you. Thank you for

listening and for investing in yourself, which is the most important investment you can make.