Mike Michalowicz is back, and this time he's bringing Profit First home — literally. His new book, The Money Habit, takes the behavioral system that fixed a lot of founders' businesses and applies it to their personal finances.

What you'll walk away with:

• Why fixing your business finances while ignoring your home finances is a losing game
• The behavioral science behind building money habits that actually stick
• One dead-simple credit card hack that reveals where your money is quietly leaking
• How to stop the parent-child dynamic around money in your relationship — and let the system run it instead
• Where your personal finances fit in the bigger picture of eradicating entrepreneurial poverty

Episode Breakdown

• Mike's mission hasn't changed: eradicate entrepreneurial poverty. The Money Habit is the piece most people were missing — because a struggling home will leech off a thriving business, and vice versa. You have to nail both sides.
• The book is intentionally short. Mike's own wife read it — his first book she's ever picked up. If you've been trying to get your spouse on board with how you think about money, this is the hand-off.
• The core mechanic: commitment devices. You don't change behavior by willpower. You change it by inserting a "behavioral intercept" into the path you already walk. The sneakers-on-the-toilet-seat example is equal parts ridiculous and exactly right.
• Most couples default to a parent-child dynamic around finances — one person controls, one person asks permission. The system fixes this. When there's a dispute, it's with the system, not each other.
• The subscription credit card hack: get a separate card, write "subscriptions" on it, move every recurring charge there. Get the printed statement. Mike thought he was spending a couple hundred a month. It was six hundred. Clarity is where control starts.
• Three financial seasons — Recovery (digging out of debt), Fund (building for the future), Activate (intentionally living now). The system works in all three. And it builds in small rewards so you don't quit.
• On Dave Ramsey: his snowball method works. But it's a program you graduate from. The Money Habit is the long-term operating system you run after.
• Credit card companies are not your friends. They are optimized for you to spend. The points and perks look generous because they are also genuinely profitable — for them.

Quotes worth noting

• "If your home is struggling, it leeches off your business. If your business is struggling, it leeches off your home. You've got to nail both sides."
• "Wherever we have clarity — wherever we have vision — that's where we can assert control. And your vendors are intentionally trying to blur that."
• "It's no longer parent-child. It's both of us working with the system."
• "I thought I was spending a couple hundred on subscriptions. It was six hundred."
• "Commitment devices work because you observe your actual behavior and intercept it — you don't fight it."

Grab the book

The Money Habit is available at Amazon, Barnes & Noble, Books-A-Million, Powell's, and your local independent bookstore. Want to support indie bookstores? Check out bookshop.org. Not ready to buy yet? All the resources are at mikemotorbike.com.

And if you're new to Mike's work, don't stop here — Profit First, Clockwork, Fix This Next, Get Different, and All In are all worth your time.