The Money Habits That Separate Broke People from Wealthy Ones | Mike Michalowicz

The Money Habits That Separate Broke People from Wealthy Ones | Mike Michalowicz

From Habits of High Performers Podcast with James Laughlin by James Laughlin

March 22, 2026 · 30 min

About this episode

Mike Michalowicz discusses the habits that differentiate wealthy individuals from those who struggle financially.

In this episode of the Habits of High Performers Podcast, I sit down with Mike Michalowicz, one of the world’s leading thinkers on behavioural finance and the bestselling author of Profit First. We dive into the ideas behind his latest book, The Money Habit, and why financial success is far less about knowledge and far more about habits and systems. Mike explains why most people struggle with money, how our brains are wired to spend the moment income arrives, and the simple six account st...

People in this episode

Host: James Laughlin

Guest: Mike Michalowicz

Topics covered

  • financial habits
  • behavioural finance
  • wealth building
  • money management
  • personal finance

Keywords

  • money habits
  • financial success
  • wealthy vs broke
  • behavioural finance
  • financial systems

Mentioned in this episode

Books & works: Profit First, The Money Habit

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