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.

newest first · ▶ plays the moment

I'll borrow money.

I'll ask my parents.

They're going to just lend me a little bit of cash.

I'll ring up the credit cards, and it will crush us.

But we wouldn't do those things to gain it in the first place.

We have to realize this is wired into us.

And with an awareness, you have some control and authority over it.

The better move is not to gain the things you can't really afford yet.

It's to slowly build toward it and have a cushion that when perhaps your income drops that you can sustain because you have some kind of savings.

Because you will logically try to retain something you have that you can't afford.

So don't try to grow your lifestyle very quickly, which most people try to do, to pace their income.

As your income increases, build a cushion for yourself as you're moving along.

Let your life increase.

That's our natural tendency.

We want better and better.

But save a cushion so that if you ever have a dip, you can sustain that for an extended period.

Generally, the optimal rule is minimally three months of full life expenses covered.

So whatever your life expenses are that you have is sitting in savings ready to spend minimally.

Six months is ideal.

Here's what the research indicates.

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