Jaspreet Singh

So every single month, I believe in automatic investing.

I've done it my entire career.

Vanguard taught me that.

You get really lucky in finance.

They teach you how to invest so that it becomes a habit, not a possibility.

You don't wake up unless you're gross and not brush your teeth, right?

You just brush your teeth because you're not gross.

And so for investing, I think about it the same way.

It's like you automatically set up your payments so a little bit goes every time.

I believe you want to have at least 10% of the money that you make go into investing.

There's lots of different rules.

People could play it either way, but I think pay yourself first because otherwise you'll never pay yourself at all.

And give yourself at least 10% because we want to beat inflation every single year.

And if you do those two things, you are better than about 90% of people that don't do that.

What do you see people wasting money on?

You know what the biggest thing is?

People waste money on looking rich instead of being rich.

And that is a cultural phenomenon that I think is eroding our wealth as society.

I mean, perfect example here.

Coachella, we know, because we're on the inside, that the dirty secret of Coachella and everybody that you see on there is that most influencers are one, paid to go, two, given free tickets, three, flown out for free, four, they actually have warehouses where you can pick out the clothes, because that part's expensive, and you get the clothes for free.