The Money Habit: Why Financial Success Is About Habits, Not Income with Mike Michalowicz

Описание: There’s a common belief that financial well-being is mostly about income — that if you just earned more money, everything would fall into place. But bestselling author Mike Michalowicz disagrees. He believes financial success is driven far more by habits than by how much you earn — and that lasting change happens when you work with the habits you already have, not against them.

In this episode of Moolala: Money Made Simple, Bruce Sellery speaks with Mike, author of Profit First and his latest book, The Money Habit, about a practical system designed to build financial stability, confidence, and peace of mind — without budgeting burnout.

Mike shares the personal wake-up call that reshaped his relationship with money: coming home on Valentine’s Day and admitting to his family that there was no money left. He explains how that moment forced him to rethink everything he believed about finances — and how it ultimately led to a system rooted in small, frequent actions that compound into big change.

The conversation breaks down the core principles of The Money Habit, including the idea of “cash confidence,” why starting with small amounts at high frequency works best, and how separating money into purpose-driven accounts (needs, wants, dreams, emergencies, and future goals) creates clarity and control. Mike explains why using multiple bank accounts — sometimes even at different banks — reduces friction and helps good habits stick.

Whether you feel behind, overwhelmed, or just tired of starting over with your finances, this episode offers a refreshingly human approach: build better habits first, and the money will follow.

Listen to more Moolala episodes:

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The Money Habit, Mike Michalowicz, Profit First, money habits, personal finance habits, cash confidence, budgeting alternatives, financial well-being, Bruce Sellery, Moolala Money Made Simple

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#PersonalFinance #MoneyHabits #CashConfidence #FinancialWellbeing