Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

Entrepreneurs start businesses in pursuit of financial freedom, yet many struggle to generate consistent profit even as revenue grows. Mike Michalowicz has seen this pattern play out time and time again. While traditional accounting trains business owners to treat profit as what’s left over, Mike flipped the formula. He created Profit First, a cash management system that prioritizes profit from day one and has since been adopted by over 700,000 businesses worldwide. In this episode, Mike reveals how entrepreneurs can prioritize profit, build wealth, and finally turn revenue into true financial freedom.

In this episode, Hala and Mike will discuss:

(00:00) Introduction

(01:45) Why Profit Must Come First

(09:17) Profit First Cash Management System

(14:14) Target Allocation Percentages for Profit

(21:14) Handling Debt and Profit Distribution

(24:44) Protecting Profit and Tax Accounts

(27:57) How Spending Less Drives Innovation

(33:32) Choosing Profitable Customers Strategically

(40:17) Managing Profit for Financial Freedom

Mike Michalowicz is a bestselling author, entrepreneur, and creator of the Profit First cash management system, used by over 700,000 businesses worldwide. He has built and sold multiple multi-million dollar companies and authored influential books, including Profit First, Clockwork, and Get Different. A sought-after keynote speaker, Mike helps entrepreneurs build profitable, sustainable businesses using behavior-based financial strategies.

Sponsored By:

Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/profiting

Shopify - Start your $1/month trial at Shopify.com/profiting.

Spectrum Business - Keep your business connected seamlessly with fast, reliable Internet, Phone, TV, and Mobile services. Visit https://spectrum.com/Business to learn more.

Northwest Registered Agent - Build your brand and get your complete business identity in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap

Framer - Publish beautiful and production-ready websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan.

Quo - Run your business communications the smart way. Try Quo for free, plus get 20% off your first 6 months when you go to quo.com/profiting

Working Genius - Take the Working Genius assessment and discover your natural gifts and thrive at work. Go to workinggenius.com and get 20% off with code PROFITING

Experian - Manage and cancel your unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. See experian.com for details.

Huel -  Get all the daily nutrients you need with Huel. Grab Huel today and get 15% OFF with my code PROFITING at huel.com/PROFITING. 

Resources Mentioned:

Mike’s Website: mikemotorbike.com 

Mike’s Book, Get Different: bit.ly/GetDifrent 

Mike’s Book, Clockwork: bit.ly/Clocwork 

Mike’s Book, Profit First: bit.ly/-ProfitF1st 

Mike’s Book, The Pumpkin Plan: bit.ly/TPumpkinP 

YAP E386 with Mike Michalowicz: 

Active Deals - youngandprofiting.com/deals 

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

Newsletter - youngandprofiting.co/newsletter 

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new 

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Personal Finance, Wealth, Stock Market, Scalability, Investment, Risk Management, Financial Planning, Business Coaching, Finance Podcast, Saving

Entrepreneurs often believe their financial stress will disappear with the next big contract, launch, or raise. But Mike Michalowicz has seen hundreds of high-earning founders and employees still living paycheck-to-paycheck. The problem isn’t income; it’s behavior.

Now on Spotify video!

In this episode, Mike returns to break down the core principles behind his latest book, The Money Habit, revealing the psychology behind why we overspend and how small changes can create massive long-term wealth. He also shares his practical personal finance system to increase savings, eliminate debt, and achieve true financial freedom.

In this episode, Hala and Mike will discuss:

(00:00) Introduction

(03:48) Mike’s Latest Book, The Money Habit

(11:14) Cash Confidence and Financial Independence

(17:14) Saving for Big Life Expenses

(21:24) Why Traditional Budgeting Fails

(24:10) Behavioral Psychology Behind Money Decisions

(30:48) The Paycheck-to-Paycheck Money Cycle

(37:36) The 6 Essential Money Account System

(45:21) The Four Financial Seasons

(54:02) Smart Debt Elimination Strategies

(57:42) Money Habit Advice for Entrepreneurs

Mike Michalowicz is an entrepreneur, bestselling author, and speaker specializing in small business growth strategies. He has built and sold multiple multi-million dollar companies and is the host of the podcast Becoming Self-Made. His latest book, The Money Habit, translates his business finance principles into a practical personal finance system designed to help individuals build stronger money habits and work toward financial freedom.

Sponsored By:

Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/profiting

Shopify - Start your $1/month trial at Shopify.com/profiting

Spectrum Business - Keep your business connected seamlessly with fast, reliable Internet, Advanced WiFi, Phone, TV, and Mobile services. Visit https://spectrum.com/Business to learn more.

Northwest Registered Agent - Build your brand and get your complete business identity in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap

Framer - Publish beautiful and production-ready websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan

Quo - Run your business communications the smart way. Try Quo for free, plus get 20% off your first 6 months when you go to quo.com/profiting

Working Genius - Take the assessment and discover your natural gifts and thrive at work. Go to workinggenius.com and get 20% off with code PROFITING

Experian - Manage and cancel your unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. See experian.com for details

Huel -  Get all the daily nutrients you need. Grab Huel today and get 15% OFF with my code PROFITING at huel.com/PROFITING

Resources Mentioned:

Mike’s Website: mikemotorbike.com 

Mike’s Book, Profit First: bit.ly/-ProfitF1st 

Mike’s Book, The Money Habit: bit.ly/MonyHabit 

Mike’s Podcast, Becoming Self-Made: bit.ly/BSM-apple 

YAP E219 with Mike Michalowicz: youngandprofiting.co/E219 

 Hala’s Speech at MIT: bit.ly/HTMITKN 

Active Deals - youngandprofiting.com/deals 

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

Newsletter - youngandprofiting.co/newsletter 

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new 

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Career, Leadership, Mindset, Growth Mindset, Wealth, Stock Market, Scalability, Investment, Risk Management, Financial Planning, Business Coaching, Finance Podcast

Jim Kwik’s brain health suffered a major setback after a traumatic injury in kindergarten. Labeled "the boy with the broken brain," he believed his intelligence was permanently limited due to learning difficulties, poor focus, and memory issues. This mindset shifted when he discovered a new way to learn and train his brain. In this episode, Jim reveals how he improved his memory, transformed his brain health, and reframed limiting beliefs to unlock limitless potential.

In this episode, Hala and Jim will discuss:

(00:00) Introduction

(01:20) Overcoming the “Broken Brain” Label

(07:11) The Shift That Changed How He Learned

(16:12) Immigrant Mindset and Inner Strength

(21:20) The Science Behind Motivation and Learning

(29:36) Myths About Brain Health and Intelligence

(34:33) Training Your Memory for Real-World Success

(40:46) The B-SUAVE Method for Remembering Names

(46:05) How Technology Weakens Brain Performance

(52:03) Loving and Training Your Brain

Jim Kwik is a world-renowned brain coach, memory expert, and author of the New York Times bestselling book Limitless. With over three decades of experience, he teaches high performers how to improve learning, focus, and brain optimization. Jim is also the host of the top-ranked Kwik Brain podcast, where he explores brain health, cognitive wellness, and mental performance.

Sponsored By:

Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/profiting

Shopify - Start your $1/month trial at Shopify.com/profiting.

Spectrum Business - Keep your business connected seamlessly with fast, reliable Internet, Advanced WiFi, Phone, TV, and Mobile services. Visit https://spectrum.com/Business to learn more.

Northwest Registered Agent - Build your brand and get your complete business identity in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap

Framer - Publish beautiful and production-ready websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan.

Quo - Run your business communications the smart way. Try Quo for free, plus get 20% off your first 6 months when you go to quo.com/profiting

Working Genius - Take the Working Genius assessment and discover your natural gifts and thrive at work. Go to workinggenius.com and get 20% off with code PROFITING

Experian - Manage and cancel your unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. See experian.com for details.

Huel -  Get all the daily nutrients you need with Huel. Grab Huel today and get 15% OFF with my code PROFITING at huel.com/PROFITING.

Resources Mentioned:

Jim's Book, Limitless: bit.ly/-Limitles 

Jim’s Podcast, Kwik Brain: bit.ly/KB-apple 

Jim’s YouTube: youtube.com/c/JimKwik 

Jim’s Instagram: instagram.com/jimkwik/?hl=en 

YAP E385 with Jim Kwik: youngandprofiting.co/E385 

The 7 Habits of Highly Effective People by Stephen R. Covey: bit.ly/-7Habits 

The Power of Positive Thinking by Norman Vincent Peale: bit.ly/TPoPT 

Think and Grow Rich by Napoleon Hill: bit.ly/-TaGR 

Active Deals - youngandprofiting.com/deals 

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

Newsletter - youngandprofiting.co/newsletter 

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new 

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Biohacking, Manifestation, Life Balance, Self-Healing, Positivity, Happiness, Sleep, Diet

Most people struggle with personal finance not because they’re bad with money, but because they don’t know where their money actually goes. When finances lack visibility, control becomes impossible. In the first episode of The Money Reset series, presented by Experian, Hala Taha breaks down the link between financial awareness and wealth control. Featuring insights from trusted finance experts like Dave Ramsey, Suze Orman, and Jade Warshaw, this episode exposes common money blind spots and shows how to gain clarity so you can take back control of your financial life.

In this episode, Hala will discuss:

(00:00) Introduction

(01:45)  How Fear Shapes Our Relationship with Money

(04:41) Rational vs. Irrational Money Fears

(06:53) Taking Control of Your Finances

(09:07) Making Intentional Financial Choices

(11:51) How to Identify Where Your Money Is Going

(17:28) Spending With Awareness and Intention

(20:21) The Meaning Behind Financial Goals

(23:10) Taking Responsibility for Your Finances

Experian is a global data and technology company that collects and analyzes financial data to help people and businesses understand and manage their finances. Through tools like subscription cancellation and bill negotiation, Experian scans linked accounts for recurring charges, helps cancel unused subscriptions, and works to find better rates on eligible bills. They help put money back in your pocket. Get started with the Experian App today. See experian.com for details.

Sponsored By:

Experian: Put money back in your pocket by canceling unwanted subscriptions and lowering eligible recurring bills. Get started with the Experian App. See experian.com for details.

Resources Mentioned:

YAP E261 with Farnoosh Torabi: youngandprofiting.co/E261

YAP E380 with Jade Warshaw: youngandprofiting.co/E380 

YAP E200 with Suze Orman: https://youngandprofiting.co/E200 

YAP E344 with Dave Ramsey: https://youngandprofiting.co/E344 

YAP E299 with Jean Chatzky: https://youngandprofiting.co/E299

YAP E245 with Tori Dunlap: https://youngandprofiting.co/E245 

YAP E220 with Ramit Sethi: https://youngandprofiting.co/E220 

Active Deals - youngandprofiting.com/deals 

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new 

Disclaimer: This episode is a paid partnership with Experian. Sponsored content helps support our podcast and continue bringing valuable insights to our audience.

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Wealth, Stock Market, Scalability, Investment, Financial Freedom, Risk Management, Financial Planning, Business Coaching, Finance Podcast, Saving

Artificial intelligence promises efficiency, but at what cost to your brain health? Jim Kwik, the world’s leading brain coach, has observed a concerning trend: the more we rely on AI, the less we engage our own brains, ultimately making us mentally weaker. In this episode, Jim returns to introduce the concept of augmented intelligence, a tool meant to amplify human thinking, not replace it. He also shares his proven strategies to strengthen brain health, ensuring that your memory, sleep, focus, and cognitive function stay sharp in an AI-driven world.

In this episode, Hala and Jim will discuss:

(00:00) Introduction

(03:22) A New Mind for the AI Era

(08:20) AI vs. Human Intelligence Comparison

(11:55) Setting Boundaries With Artificial Intelligence

(15:20) The MEDS Brain Health Framework

(18:47) Sleep Optimization for Cognitive Wellness

(23:40) Training Your Brain in the Modern World

(34:08) Mastering Focus in a Distracted World

(42:08) Understanding Brain Types: The CODE Framework

(50:19) Actionable Advice for Entrepreneurs

Jim Kwik is the world’s leading brain performance coach, a New York Times bestselling author, and the founder of Kwik Brain. For over 30 years, he has trained CEOs, entrepreneurs, athletes, and world leaders in speed learning, memory improvement, and mental performance. As the host of the top-ranked Kwik Brain podcast, Jim focuses on brain health, cognitive fitness, and unlocking human potential in a rapidly changing world.

Sponsored By:

Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/profiting

Shopify - Start your $1/month trial at Shopify.com/profiting.

Spectrum Business - Visit Spectrum.com/FreeForLife to learn how you can get Business Internet Free Forever.

Northwest Registered Agent - Build your brand and get your complete business identity in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap

Framer - Publish beautiful and production-ready websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan.

Quo - Run your business communications the smart way. Try Quo for free, plus get 20% off your first 6 months when you go to quo.com/profiting

Working Genius - Take the Working Genius assessment and discover your natural gifts and thrive at work. Go to workinggenius.com and get 20% off with code PROFITING

Experian - Manage and cancel your unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. See experian.com for details.

Huel -  Get all the daily nutrients you need with Huel. Grab Huel today and get 15% OFF with my code PROFITING at huel.com/PROFITING. 

Resources Mentioned:

Jim's Website: kwikbrain.com 

Jim's Book, Limitless: bit.ly/-Limitles 

Jim’s YouTube: youtube.com/c/JimKwik 

Jim’s Podcast, Kwik Brain: bit.ly/KB-apple 

Jim’s Brain Type Quiz: mybrainanimal.com 

YAP E190 with Jim Kwik: youngandprofiting.co/E190 

The Structure of Scientific Revolutions by Thomas S. Kuhn: bit.ly/TSoSR 

Active Deals - youngandprofiting.com/deals 

Key YAP Links

Reviews - ratethispodcast.com/yap

YouTube - youtube.com/c/YoungandProfiting

Newsletter - youngandprofiting.co/newsletter 

LinkedIn - linkedin.com/in/htaha/

Instagram - instagram.com/yapwithhala/

Social + Podcast Services: yapmedia.com

Transcripts - youngandprofiting.com/episodes-new 

Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Biohacking, Motivation, Manifestation, Life Balance, Self-Healing, Positivity, Happiness, Diet