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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.
Appearances
The interesting thing is Parkinson's law, like I shared, teaches us that the more money we have, the more we spend.
The reason we spend more is most people have a primary checking account.
So for me personally, in the past, my money would come into one account, all my money, and then I'd say, oh, I need to spend it on the next,
I need to buy a piece of furniture for the home or something like that.
But I was falling victim to this thing called the primacy effect.
And the primacy effect is whatever is our immediate need is our primary need, and we disregard the future.
So I have a mortgage payment coming up or rent, or I have to buy groceries, but I don't think about that when I need a new piece of furniture because that
Furniture cracked or broke.
And I look at my account and say, I have enough money to buy the furniture, but there wouldn't be enough to then pay the rent.
And then panic ensues.
So what we did is we put people's money into buckets.
And we also did it at their bank.
This is the other little trick.
It's called a behavioral intercept.
And when you want to do something with consistency, don't try to change who you are using willpower.
Instead, look at what you're already doing and set the system where you already go.
Most people log into their bank account, see how much money they have,
And if they see they have enough money to cover that furniture, they buy it.
So he said, keep going to your bank account, but we're going to set up an account that says furniture.
We're going to set up an account that says groceries, and we're going to carve out that money when it comes in to each account accordingly.
Showing 681–700 of 1,537 · page 35 of 77
← Previous
Next →