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 discusses his journey through financial stress and addiction on '1000 Days Sober', offering practical advice for maintaining sobriety.
41 minutes
Informative
Empowering
Thought-provoking
Supportive
Transformative
About this podcast
Author:
Lee Davy
Overview:
Categories:
Sobriety Toolkit
Sexual Empowerment & Identity
Creative Recovery Journeys
Mindfulness & Emotional Wellbeing
Understanding Addiction & Recovery
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Episodes:
103 (View all)
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Get the buttons here!Mike Michalowicz: Balancing Financial Stress and Sobriety
Profit first is not something you build toward. It's a mindset of putting profit first and making it a habit, so that no matter how much money you make, you always have profit.
Ever felt the crushing weight of financial stress? Mike Michalowicz knows that feeling all too well. By the age of 35, he had founded and sold two multi-million dollar companies, only to lose it all as a small business angel investor. In this eye-opening episode of '1000 Days Sober', Mike sits down with Lee Davy to share his journey through financial turmoil and addiction.
He talks candidly about how the pressure of managing money can drive one towards unhealthy coping mechanisms like alcohol and drugs. Mike doesn't just stop at sharing his struggles; he offers practical advice on how to navigate these challenges. One key takeaway is his 'profit first' mindset, which flips the traditional business model on its head by prioritizing profit from the get-go. This simple yet powerful strategy can help entrepreneurs maintain financial health without sacrificing their well-being.
Isolation and low self-esteem often accompany financial stress, and Mike dives into how these factors can exacerbate addiction. He emphasizes the importance of taking responsibility for one's life and finding ways to 'test, treat, or polish' oneself. Mike's insights are not just for entrepreneurs but for anyone feeling overwhelmed by financial pressures. You'll also hear about his personal journey towards valuing experiences over material wealth, a shift that has brought him greater peace and fulfillment.
Whether you're struggling with addiction, financial stress, or both, this episode offers a wealth of practical tips and heartfelt advice to help you find balance and resilience. So if you're looking for strategies to cope with financial stress while maintaining your sobriety, tune in to hear Mike Michalowicz's compelling story and invaluable insights.