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Mike Michalowicz Talks About Why You Should Pay Yourself, Invest, and Reassess It All – Episode 24

Mike Michalowicz is the entrepreneur behind three multi-million dollar companies and the author of The Pumpkin Plan and the business cult classic, The Toilet Paper Entrepreneur.

With a popular, quirky website MikeMichalaowicz.com, he is a globally recognized entrepreneurial advocate.

Mike is a former small business columnist for the Wall Street Journal, and now hosts the business make-over segment on MSNBC’s Your Business.


  • Mike’s passion now is being an author. After hitting rock bottom, he decided the best thing he could do is share his experiences and lessons learned with others.

App of the Day

Book of the Day

Insight of the Day

  • Get started today. Mike says not to get caught up in the paralysis of analysis.


John’s 3 Key Take-aways

  1. As a business owner, you should be paying yourself first
  2. Create pockets of wealth that you’re going to promise not to touch
  3. Reevaluate your own 401K plan

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Read the Transcript

You can download a complete transcript of this entire episode by clicking here.