Mike Michalowicz

speaker

1,537 appearances 2 recordings 1 series first heard Feb 2026 last heard 20 Feb

Mike Michalowicz’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.

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I will finally arrive.

But you don't have the context of managing that money, and so it just collapses.

There's a behavioral theory called Parkinson's law.

Basically, it states as a resource expands its availability, we consume more.

The more time we're given to do something, the longer it takes.

The bigger the closet in our home, the more stuff we have that fills up the closet.

And the more money we have, the more we spend.

So what the understanding I came across was I need to give people control and authority over the money they have, regardless of how much it is.

And once you have control and understanding of it, then you can direct it to what you want.

Then adding more money helps.

But if you try to make more before you can control more, you're in trouble.

Yeah, it wasn't out of 900.

That was out of 25 people.

So we started with a batch group.

So it was 900 that we served, but they said, let's just try this out.

So we had 25 employees go over this process for six months, and collectively they saved a quarter million dollars.

Now these were people, so you think about that, that's $10,000 per person in additional savings.

These were people that were living check by check by check.

And so, and they didn't get a single dime in an increase in salary to do this.

They simply asserted control over it.

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