Lee Davy
Lee Davy
Financial Pressure & Addiction: A Conversation With Mike Michalowicz
Financial Pressure & Addiction: A Conversation With Mike Michalowicz
Financial Pressure & Addiction: A Conversation With Mike Michalowicz
Tuesday 5th July 2022
Mike Michalowicz talks about overcoming addiction and financial stress with Lee Davy on the '1000 Days Sober Podcast'.
41 minutes
Inspiring
Empowering
Informative
Hopeful
Encouraging
About this podcast
Author:
Lee Davy
Overview:
Categories:
Sobriety Toolkit
Sexual Empowerment & Identity
Mindfulness & Emotional Wellbeing
Entrepreneurship for Personal Growth
Healing Relationships
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Episodes:
121 (View all)
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Get the buttons here!Mike Michalowicz: Balancing Financial Stress and Addiction Recovery
You've just got to get out of that drama, that victim, that poor me mindset, and find a way of making things work.
Ever wondered how financial stress can impact addiction recovery? In this episode of the '1000 Days Sober Podcast', Lee Davy chats with Mike Michalowicz, a successful entrepreneur and author, who has faced both these challenges head-on. By the age of 35, Mike had built and sold two multi-million dollar companies, only to lose his entire fortune as an angel investor. But that setback didn't define him.
Instead, it drove him to develop innovative strategies for building strong, healthy businesses, which he shares in his popular books like 'Profit First' and 'The Pumpkin Plan'. Mike opens up about his personal battle with addiction and how financial pressure exacerbated his struggles. He shares candidly about the importance of self-reflection and self-care in overcoming these hurdles. One of his key tools? Keeping a diary.
Mike explains how writing down his thoughts helped him release pent-up anger and frustration, ultimately aiding his recovery. The conversation also delves into Mike's 'Profit First' approach to managing finances. He argues that profitability shouldn't be an afterthought but a priority from day one. This principle isn't just for businesses; Mike applied it to his family's finances too, helping them save money and invest in meaningful experiences.
For anyone grappling with financial stress or addiction, Mike's story is both relatable and inspiring. He emphasizes the need to shift out of a victim mindset and take proactive steps toward change. Whether you're looking to improve your financial health, grow a successful business, or navigate personal challenges, this episode offers valuable insights and practical advice. Tune in to hear Mike's journey and discover how you can apply his strategies to your own life.