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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Young and Profiting (YAP) with Hala Taha: Entrepreneurship and Self-Improvement Podcast · Mike Michalowicz: The #1 Financial Principle for Building a Profitable Business | Finance | YAPClassic · 20 Feb 2026 podcast

I started my business for financial freedom.

I don't want to worry about bills.

And I started for personal freedom.

I want to do what I want when I want.

I said, who's experiencing that in this room?

And there was 1,500 people in the room.

I would say six hands went up.

No one's experiencing it.

We all have this dream of financial freedom and personal freedom, and none of us have it.

It's the reverse.

Most businesses are so financially strapped that you have to work your ass off just to get through the day.

To reverse this trend, we simply need to take profit first.

By the way, this is nothing new.

It's new to business, but the belief of the pay yourself first principle has been around forever.

So I simply took an established concept in personal finance, pay for your retirement first, reserve for your savings first, live off the remainder.

I simply applied it to business and

Sure, sure.

So the technical definition of this process is called fund pre-allocation, meaning we're taking money and assigning it a responsibility before we spend the money.

So the concept is that we set up multiple accounts at your bank.

And I got to underscore this a million times.

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