Mike Rowe: How To Make $10,000 Per Month In 90 Days - No Degree Required!
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Mike Rowe argues that the modern economy has fundamentally shifted away from valuing essential trades, leading to a decline in public respect for workers who are often covered in filth yet perform critical maintenance tasks. He highlights an unsustainable trend where five trade professionals retire for every single new hire, leaving millions of able-bodied men without work during peacetime despite there being over seven million open positions that do not require a four-year degree. Rowe contends that financial struggles among many Americans stem less from earning potential and more from poor spending habits driven by a pursuit of comfort and status symbols rather than genuine security. He suggests that adversity is actually the catalyst for innovation and success, warning against choosing easy lives out of fear of failure or humiliation, while emphasizing that curiosity and humility are essential traits for career evolution in an ever-changing landscape.
The narrative delves into Rowe's personal history with authenticity and risk management, recounting a famous incident on QVC where he was fired for inappropriate conduct involving a porcelain nun doll during a live broadcast after accidentally winding its music box from below while seated awkwardly between his legs. Although this event initially led to his dismissal, viewer backlash praising the humor eventually resulted in his rehiring, shaping his future approach toward honest and disruptive interactions rather than polished hosting personas. His financial journey is equally instructive; despite early frugality, he faced significant loss when a broker's fraudulent scheme wiped out his investments, teaching him the vital importance of diversification, sticking to proven low-cost index fund strategies inspired by Jack Bogle, and avoiding get-rich-quick schemes that often lead to disaster.
Looking toward the future, Rowe addresses misconceptions about artificial intelligence threatening vocational roles, asserting that core skills like welding or plumbing remain safe from automation for now, with underwater welders earning up to $320,000 tax-free in some cases through high-demand projects like offshore pipeline construction. He points out a severe skills gap where major corporations and the government are investing heavily into workforce training programs with job guarantees to fill thousands of open positions within the defense industrial base over the next several years. Beyond economics, he promotes his "Sweat Pledge," which includes twelve beliefs centered on gratitude for existence itself as a foundation against victimhood, while also noting that societal division is often manufactured by curated online environments rather than reflecting actual polarization among people who are less divided than they perceive themselves to be.
Ultimately, Rowe concludes that true wealth and success require stepping out of a comfortable host persona to become an apprentice willing to endure significant discomfort for extended periods on the road, drawing inspiration from his past experiences testing shark suits or working in opal mines while acknowledging some modern jobs may have crossed ethical lines regarding humor. He advocates for financial literacy through patience and long-term holding rather than chasing trends, even as he manages multiple projects simultaneously like speeches, books, and foundation work with a mindset akin to spinning plates at a buffet where one must constantly seek better opportunities without discarding the prime rib too quickly. His message reinforces that personal responsibility determines one's future between ages twenty-five and forty if free from disability or children, urging individuals to embrace practical skills over artificial scarcity created by an education system that undervalues hands-on work in favor of degrees alone.
Read the full video transcript
People [music] say to me, "Mike Will,
are you ever going to run out of dirty
jobs?" And I say, "Not this season." I
know you love that, America.
>> The great [music] dirty secret of dirty
jobs. We probably featured 45
multi-millionaires on that show. [music]
You would have never known it
>> cuz they were covered in or something
worse.
>> Now, you became famous showing America
the jobs that we all depend on. Why did
we stop respecting these [music] jobs?
I think the fault has to do with our
tendency [music] to resent that which we
rely upon. What about the fact that for
every five trades people who [music]
retire to replace them? I don't have to
be an economist to tell you that. That's
[music] not sustainable. There are 7
million able-bodied men right now who
are not only not working, they're not
looking for work. That's never happened
in our country. Not in peace time
anyway. 7 million men.
>> What do [music] you think happened?
>> Mike Row, thank you so much for coming
on the iced coffee hour.
>> Well, you're welcome. But did I really
come on your hour or did you come to the
place where I
>> record? We came to San Francisco just
for you because we were so excited for
this.
>> Well, then let me officially thank you
for doing that. I know it's a pain in
the ass to travel these days, especially
into San Francisco where half the
runways are closed for no good reason.
>> Well, for me, this is big because I've
been a huge fan of you and Dirty Jobs. I
grew up watching Dirty Jobs. And in
fact, you inspired this uh I kept it up
briefly on my channel. It was called
Undercover Millionaire where what I did
is I worked these jobs that you would
have no idea made a whole bunch of
money. Yeah.
>> Uh window washing. This kid made $1,000
a day car washing. This kid made $500 a
day dog walking and running a dog
business that was making $1,500 a day.
And so I found these jobs that were
making a whole bunch of money. And then
from doing that, people would reach out
to me, incredible businesses. And uh you
were the inspiration for that.
>> Well, wow. Thank you. Um, you know, that
was a big part of the thesis of the
show, uh, that didn't get talked about
enough. It was the underpinning of
entrepreneurship. Like, first and
foremost, it was a TV show, right? Like,
it had to have
>> some entertainment spectacle to it. So,
it was always an exploding toilet or
some misadventure and animal husbandry
or, you know, some crazy thing that
would get you to watch. But if you
really paid attention, as you obviously
did over time, you know, we did 350 of
those things. And you would almost
always find in every episode, not in
every segment, but in every episode, you
would find a buried love letter to
entrepreneurship.
And you would find uh a rumination on
the dignity of work and you would find
humor that often exists on job sites but
doesn't get baked into a lot of popular
portrayals of work. The great dirty
secret of dirty jobs which nobody really
believes to this day but but you will
because you watch for all these reasons.
We probably featured
40 to 45 multi-millionaires on that
show.
You would you would have never known it
cuz they were covered or something
worse.
>> What's the job that made the most money
that would shock people?
>> The answer will be one of the segments
that was really about entrepreneurship.
Again, it's the it's the story nobody
tells, but the business of mastering a
trade and, you know, taking the reverse
commute, right? In other words, seeing
where everybody else is going and
totally taking your your passion and
your dreams and and setting them off to
the side and saying, "No, I'm going in
the other direction. I'm going to find
the opportunity. I'm going to get great
at it. Um, and then I'm going to find a
way to love it." You know, the answer to
your question is probably Les Swanson
comes to mind. He was a guy in Wisconsin
who I met in the Pilots like in the very
very very early days. He put me in his
honey wagon. This is outside of Madison.
And and we went to clean out a pumping
station on the side of the road, which
you would never recognize as a thing.
It's just a It looks like a concrete
bunker. You probably drove past a couple
on your way in,
>> but when you go in, they go down four or
five stories sometimes, and that's where
all the the crap accumulates in a given
zip code, and it's just an unspeakable
level of of hell at a glance, right?
It's like 104°, crazy hot in Wisconsin.
We were standing up to our nipples in
the the filthiest of the filth, knocking
cholesterol off the walls, talking.
That's really what Dirty Jobs was. It
was it was an interview. It was a talk
show in a sewer, you know, nine out of
10 times
>> unless uh at one point it was just so
hot and so miserable
and and there was really nothing to do
except what I did, which was look at him
and say, "How did you wind up here, man?
Like what happened to you?" And his
answer was he was a guidance counselor
for years and then he had a um he had a
practice like a like a psychiatric
practice and then he turned 50 or so and
and he just went in another direction.
And I said, "But why?" You know, I mean,
remember, we're literally covered in
crap, like working in the most
inhospitable environment you can
imagine. And without missing a beat, he
said, "I I got tired of dealing with
other people's shit." And you know, this
is one of those unscripted moments and
you start thinking, so wait a minute, it
turns out he owns three or four honey
wagons. Turns out he's got, you know, a
dozen people working for him.
>> Turns out he's got a summer house. Turns
out he's got a margarita machine by his
built-in swimming pool. Turns out
>> he's living a pretty great life.
Anyway, sorry for the rant, but that's
the it's that's the the the answer are
men and women like that who actually
used a dirty job to build a going
concern.
>> What makes a trade higher or lower
earning? Is it the obstacle to enter the
trade? Is it how dirty a trade is? Is it
just like how many
>> the operator?
>> Yeah. How many people want to get into
it? What what what determines the pay of
a trade?
>> So many things. um the time in the
century to which you're referring, the
day of the week, the state that that we
happen to be in. Was it union? Was it
non-union? Um I mean there's a long long
list. Like my foundation has helped
train hundreds of welders. Some of them
are making $300,000 a year right now.
Others are making $58,000 a year. So,
the thing about the trades, and I think
it's probably true of everything else,
too, is you can't paint with too broad a
brush. Actually, you can, but you
shouldn't. I was just in Plano, Texas,
and touring a data center. I met three
electricians, uh, all making north of
$240,000 a year, 240 to 280
electricians, no college. Uh, two of
them were former submarine guys out of
the Navy and the other just went through
the typical trade school process. Um, no
debt. And the craziest part of the stat
is they were all poached three times
>> in the prior uh, 18 months. Now, what's
true in Plano right now with data
centers might not be true in Boise,
might not be true in Tallahassee. I I
don't know. But what I can tell you is
the uh the entire economy is flipped
with regard to job security and with
regard to the definition of a of a good
job.
>> Yeah. Now, a lot of people believe that
the jobs market is weak and the average
American can't pay a $1,000 emergency.
From your perspective, what's the
reality on this? I think that's probably
true, but I don't spend a lot of time
agonizing over the plight of the average
American. And I know that sounds kind of
crappy, but I'm not running for office,
right? I I don't I'm not even running
for a renewal on on a show. You know
what I would do on I would refer you to
a terrific book. I bet your viewers
would dig it. It's by a guy called Todd
Rose. He runs a think tank
>> up in Boston. He's written three amazing
books. The first is called the end of
average. And it goes to your question,
right? It goes to this idea that we have
it in our heads that there is this
this state that most people fit in.
That's the average state. It could be
average intelligence. It could be
average height. It could be so many
different things. But what Todd
basically argues is that it's all
nonsense. It's all rooted in a fallacy.
And he gives lots of examples like the
Air Force spent a fortune trying to
build a cockpit and their fighter jets
that suited the average fighter pilot.
And what they wound up building was
something that wasn't comfortable for
anyone
>> at all. The whole thing is a misnomer.
How that applies to work, how that
applies to education. There are a lot of
lessons in there. Of course, the key to
a successful cockpit is maximum
adjustability on every single angle,
right? So, again, it's back to the
painting with a broad brush. You can't
you can't really do it. Um, but since
you asked, yeah, I I think the average
American uh is confronted with a list of
serious problems that manifest in the
circumstances that you outline. They're
living paycheck to paycheck. How did
they get there? Why are they there? Can
the trades offer you a way out?
>> What are the biggest problems pushing
Americans to this low average American
status? And how do they get out of that?
>> Interestingly, I think the hinge upon
which your question relies is is status.
You know, we are beset today with
constant reminders and challenges and
invitations to up our game, whether it's
the color of our credit card or the type
of vehicle we're driving. It's the
oldest story in the world. But the the
status is uh
this idea whether it's caused by an
influence or or whether it's just caused
by the proliferation of of proof. I mean
it's it's everywhere around us. And so
people are feeling lesser than all the
time constantly. That's that's the
message that I think we're sending.
Maybe unintentionally or intentionally.
doesn't really matter. But the country
is filled with people who feel like
they're not participating in the dream
somehow or another. And I think it's I
think it's self-inflicted by and large.
I think they've confused living life to
the hilt with living life to the hilt of
spending.
>> Explain that.
>> Well, what's in your garage right now
that you're not using?
>> Me?
>> No, not you. But metaphorically,
>> I have a 2000 Mazda Miata that I should
drive more often.
>> Well, I don't mean the car. I mean all
the other stuff. I mean, if you go into
the average garage today of the average
American, I'm making it up. Sure.
>> I don't know that this is true, but
anecdotally,
>> I mean, there's ski equipment, there's a
snowmobile, maybe there's a kayak, maybe
there's a bow and arrow, maybe there's I
you just go down the list. I mean, the
stuff we buy and use once or twice and
then store, right? I mean, I I've just
seen it so many times over and over and
over. People who are living some kind of
status life, some version of prosperity
that's defined by the stuff that's in
their garage that they rarely use. It's
not just a car. It could be the size of
the garage itself. It could be the house
itself. But look, I'm a capitalist
through and through. But our
relationship with spending
uh is problematic.
>> If someone's not where they want to be
in life financially,
would you mostly attribute it to an
earning problem or a spending problem?
>> Spending.
>> What? Like 90% of the time, 80% of the
time, like like by and large, you would
say that people have a much greater
spending problem than it is an earning
problem. Well, I would start by saying
what's more in control of the average
American's life right now? How much
they're earning in whatever job they
happen to be in or how much they're
spending in whatever lifestyle they've
chosen to embrace. Again, apologies. I'm
not talking about people who are who are
in poverty who are or who are literally
struggling to get their next meal or
their basic needs met. I'm talking
about, you know, the poor sucker. If
your whole personal economy is rooted in
your W2
and you and you continue to grow and and
prosper and maybe your wife's a baller,
she's killing it, too. You know, she's
making a few hundred grand and you're
making a few hundred grand and now
you're making six $700,000 a year and
maybe you're living in this town or
maybe you're in New York. You know, the
average American can't conceive of the
fact that you're living paycheck to
paycheck,
>> but so many people are. So, you know, I
mean, it's a really good question, but I
don't know what the average American
really is. I know there's a big cohort
of people who look at a big chunk of
people who are making 56 $700,000 a
year, and they can't imagine making that
kind of dough. But at the same time,
they can't believe that that person is
somehow living monthtomonth and this
close to something that feels like
oblivion. So, look, I there is no new
advice, at least
that I've heard recently, that that can
trump the idea of paying yourself every
week, every month, investing broadly
with a diversified portfolio, with an
eye towards asset allocation and a real
discretionary bent toward fees and
costs. you start doing that when you're
22, I I I don't care if you're making
50,000 or 500, you know, when the dust
settles down the line, you're going to
have a bunch of money sucked away.
>> Yeah. Now, you became famous showing
America the jobs that we all depend on
but rarely respect. We're talking
sanitation, farming, roadkill.
Why did we stop respecting these jobs?
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for sponsoring this episode. Why did we
stop respecting these jobs? It seems
like it seems like a lot of times we
look down on these jobs.
>> I think the fault in our stars has to do
with our tendency to resent
that which we rely upon.
in a very basic way. Um, we don't like
to be reminded of our own shortcomings.
And I used to be able to change my
brakes. I used to be able to change my
oil. I used to be able to tend to my
car. Well, I can't do it now. I open the
hood. I don't know what the hell I'm
looking at. I need a what? I got to be a
rocket scientist. I need a I need a
software. I I can't do anything. So, I
have to take it to an expert. And the
expert is actually the kind of person I
admire. My foundation helps train those
people. But if I'm being honest, you
know, I'm standing there in the lobby
looking through the glass watching
somebody do something that I used to be
able to do, but now I can't
and it's not their fault obviously, but
somewhere in there is like this reminder
that I can't do that. But in the end,
Dirty Jobs was a love letter to two
industries.
Right. And there only two industries in
the whole world. There's mining and
agriculture.
Everything else is a is a version of
those two industries. Everything in this
room, you know, was either
>> grown from the ground and and fashioned
into something useful or pulled out of
the earth
>> and and fabricated into something
important. So those are the only
industries we have. all the jobs in the
country, you know, you can draw a line
direct or indirect back to those. So,
the the point of the show was really
just to elevate those two industries.
>> And what it turned into was just a long
and smelly odyssey from sea to shining
sea.
>> Speaking of smelly, what was the worst
smell you ever encountered in Dirty
Jobs?
There's a thing called a a boil which
they'll do at Skulls International where
they prepare skulls for public display
and they'll articulate entire skeletons
of creatures. Sometimes humans too, but
like when you put a buffalo into a a
kettle the size of this room
>> and bring it to a boil and then throw in
some oils and things and just put the
whole carcass in there and then pull it
out and start to fl
the flesh.
It It hits you like a like a sponge.
It's
>> What is What does this smell like?
>> [snorts]
>> It's like you after going to the gym
walking on an incline treadmill for 15
minutes.
>> Well, dude, no. It's it's it's closer to
like a double hockey workout. You take
the hockey jersey and then you throw it
in the hamper and then two days later,
you know, there's things growing on it,
you know, that weren't designed to grow.
It's it's it's like what what does blue
look like to a a person who's never seen
anything? The thing about smells you got
to remember.
>> Mhm. And I I read this in like a crime
novel. It really stuck with me years
ago. But all smells are particulate.
>> Yeah.
So what's really going on when you get
that kind of smell, whether it's from a
sewer or whether it's chemical or
whether it's just a a fart from the guy
sitting across from you. I'm not
implying anything, but I'm saying like
when that happens and you [snorts] smell
it, it's not like, oh boy, that my nose
is filled with something unfortunate and
it's unpleasant. It's like that's it
that's a particle. It's a tiny particle
and it gets in your blood and it goes to
your brain. Like that's what's h like so
it's like
>> you're ingesting it.
>> Something that just flew out of your ass
seconds ago is now like in my brain.
>> Is that harmful? It can't be good. I'm
not an expert in this area.
>> Like I'm wondering Yeah, that that
>> that's probably for everything. It's
probably some candles, you know. True.
It's probably like walking on the dirty
street.
>> They say some some candles, believe it
or not, in a closed room are not safe.
>> Why is the sense of smell far and away
the most powerful more so than taste,
more so than sight, more so than
hearing? It's it's the most primal sense
that we have. Nothing can uh evoke a
memory faster than the perfume she used
to wear.
>> That's interesting. I think that there's
more diversity in terms of what you can
smell than the things that you can
taste. But also, your nose is only ever
assaulted. It's never like it's very
rare that you go out actively seeking
out different smells. Your mouth, like
if you want to taste something, you only
ever really choose what you want to eat.
>> Interesting. I think you're right, but I
think that again is, you know, back to
the spending question. It's like it's
just a choice.
>> Yeah. Like people right now, you know,
food is having a moment. I guess maybe
it's had a moment from the beginning.
But look, for for a long time, people
thought of food as it's just fuel, you
know, and now there's just the biggest
section in any bookstores, what to eat,
what not to eat, the evolution of
nutrition. They'll they got a cooking
channel, you know, with hundreds of
shows on it. They don't have a smelling
channel. They don't have they they don't
do that. I'm not saying to be great TV,
but if you look back, look, metaphors
are very powerful, right? Take time to
smell the roses. You know, it's not like
take time to eat, you know, candy corn.
It's a smells are powerful and there's
some great smells out there. So, you're
still very involved in the trades.
Within that community and outside of
that community, do you think people are
just getting more lazy or they're
valuing work life balance?
>> Nick Eberstat, one of my favorite
economists who wrote a great book called
Men Without Work, talks about the fact
that there's 7 million able-bodied men
right now who are not only not working,
they're not looking for work. Right?
That's never happened in our country.
You're not in peace time anyway. 7
million men are not in the workforce.
Uh you're saying what's wrong with them?
>> Well, I'm not saying what's wrong with
me. You work like
where's the balance, dude? Where's the
balance? Let me
>> This is really important. Nick answers
that question, but the first thing he
says is let's look at what they're not
doing. Okay, 7 million able-bodied men
not working. Okay, what are they doing?
He says, "Well, they're not they're not
volunteering at their local church.
They're not in the JC's. They're not in
the Kuanas Club. They're not in Lions
Club. They're not helping out with
Skills USA or the Boy Scouts of America
or the Future Farmers of America.
They're not engaged in any way in any
kind of civic connective tissue, which
for a long long time was the thing
>> that you would do if you had some spare
time and you had something to
contribute. Like none of that is
happening.
What his research bears out
unfortunately is an average of 2,000
hours a year on a screen. No judgments.
But are they lazy or did we create an
environment where we said it was okay to
do that with your life? Are we
incentivizing? Are we disincentivizing?
You know, and that that that's when it
gets political. Half the country right
now is going to look at that cohort and
say, "Good for them. Why should they
work for these greedy, rapacious
capitalists who are just out there to
take and take and take and all the
billionaires with all their money and
the exploitive class and and so forth?"
And then my buddies on the right will
will say to your point, "Yeah, they're
fundamentally lazy. Shame on them.
Shame." Now, I'm I'm somewhat right or
center, I think, but I I I don't think
it's as simple as writing them off as
lazy. Something else has happened in the
in the culture. And um we do that that
sorting that out is important. It's got
to be done because it it doesn't reflect
well on who we are as a as a country or
a species.
>> What do you think happened
>> to all of them? I have no idea. But
again, back to the broad brush thing.
[gasps] Look, I I think they were told
collectively
that the system's rigged
and that life isn't fair and that the
only way to get ahead is to take from
somebody else and that it's a zero sum
game, right? It's that it's just this
>> you're never going to make it because
the game is rigged. I think that's, you
know, one of the most self-defeating,
greatest lies, you know, that we've that
we've told a whole generation. Uh so
again, broad brush, but I but it but I
think a lot of them genuinely feel that.
What are your thoughts on the
consequences for mediocrity not being
very great anymore? It's like back in
the day if you didn't go out and work
then you were stuck at home and you
couldn't afford food for your family and
and really or even have a home maybe.
Whereas now, you know, if you want to
kind of just do whatever, you can hang
out on your phone and watch the most
interesting YouTube videos.
You can live a pretty comfortable life
doing not a whole lot.
>> Well, there there's so much there.
What's the upside of being comfortable?
Where's the benefit?
>> I would say it's it's very immediately
gratifying.
>> It's very easy.
>> Well, sure it's easy, but where's the
upside in doing something that's easy?
Where's the benefit? Where's the,
you know, iron sharpens iron, right? I
mean, at least in my life, everybody
I've ever admired was uncomfortable for
most of their life. They looked for
adversity. They didn't run from it. The
really smart ones figured out a way to
enjoy it, to welcome it, to bring it.
You know, along with the end of average
and everything Todd Rose has written,
there's another great book by a friend
of mine, Mike Easter, called The Comfort
Crisis.
>> I would refer you to that, man. It's
it's a if if you're not willing to be
fundamentally uncomfortable
then I where is your
like
well how bad should should anyone feel
for you if the thing that you're most
interested in achieving is comfort and
ease. Like nobody in the history of the
world ever wrote a a song or a or a poem
Nothing good that I can think of was
ever inspired by the individual who
said, "And so I set out to be as
comfortable as I could, to do everything
that's easy, to never really challenge
myself, and now look how look how happy
I am. I just have never seen it." What's
the most convincing thing that you could
say to the average viewer listening to
this right now that doesn't feel like
they challenge themselves or seek out
adversity to hopefully be able to to
hone that desire of wanting to challenge
themselves?
>> What are you scared of?
You know, I mean, be honest. What do you
What do you really
>> I'd say a lot of people would just be
failure.
>> Okay.
>> Humiliation.
>> Okay. You're scared of being humiliated
and you're scared of failing. Got it.
>> Embarrassment. embarrassed. Absolutely.
All all great motivators. How does
pursuing a life of comfort and ease
protect you from those things?
>> Well, it insulates you from feeling
embarrassed or fearful.
>> Sure. In much the same way the ostrich
insulates himself from the environment
by sticking his head in the sand. You
can get away with a lot of stuff for a
while and then you don't. And I think I
think it's really tempting and I I've
certainly made this mistake in my life
more than once. But you you look at your
life
like it's a like it's a snapshot, you
know? It's like this is what I'm doing.
This is how it but but but you're not in
a snapshot. You're in a movie, you know?
Like then there's stuff happening all
around you all of the time. the chickens
are going to come home to roost for
those 7 million men who have chosen
uh this life and it's not going to it's
not going to be good and and I I would
love to help them. My foundation tries
to help them. You know, if you start
with this idea that look, I'm not going
to do a thing that makes me
uncomfortable,
then okay,
check back. Let me know how let me know
how it goes for you.
>> In terms of your own career, I'm
curious. It seems very accidental and
somewhat random from the outside looking
in. From opera to QVC to dirty jobs to
narration. What habits did you employ
that led to that success?
>> I can't choose what I look like, how
tall I am, my race, my gender. I can't
there's a bunch of stuff out of my
control, but I can choose to be curious
and I can choose to be uncomfortable.
And um I got very lucky growing up.
Those two things were always presented
as wise choices. You know, if you're
curious and uncomfortable, you're you're
probably on the road to becoming if not
interesting, at least somebody who has
some stories to tell, you know.
>> So, so that was kind of burned in. The
interesting thing I think for me is it
is the realization that curiosity has a
has a partner and the partner is
humility.
You you can't be curious and and
arrogant at the same time. We're
certain,
right? Curiosity by definition means I
don't know and I'm game to find out. And
finding out might humiliate me. It might
make me embarrassed. It might make me
uncomfortable. So if you if you really
value curiosity
as a as a virtue, then then all the
other things we're talking about kind of
fall in line. And I was always curious.
I still am. The the humility for me was
I was sure I was going to follow in my
granddad's footsteps, the guy I
mentioned earlier, you know, and I spent
a couple years as a teenager kind of
working as his apprentice on a lot of
different jobs. And just because I
assumed I was so passionate about
wanting to do what he did that I would
have inherited the the skills necessary
to allow my my passion to to unfold.
But of course, the handy gene is
recessive. And
>> and you know, it was a very early really
important lesson to realize just cuz you
love something
>> doesn't mean you can't suck at it.
>> And conversely, just cuz you're not
particularly interested in something
doesn't mean you might not have a like a
real facility for it.
>> So when my granddad told me to get a
different toolbox,
>> he said, "You you can be a tradesman.
You just need a different set of tools.
You need to go a different way. That's
what got me in entertainment.
>> Now, one thing I really admire is how
good you were on QVC and selling. And
I'm so curious, what's the thing that
you learned about selling that most
entrepreneurs miss? If there were a host
or expert, you know, playbook,
it's to create and foster the illusion
of knowledge and competence where it
where it doesn't really exist. And
[snorts] you know the the sales book is
very similar,
>> right? You know, I know the features and
I know the benefits. Therefore, I can
explain to you exactly in great detail
anything that you hand me. And in the
course of that explanation, by employing
various techniques, including a great
level of empathy and enthusiasm, I can
get you to yes. Okay, that's the that's
the basic idea. Tom Sawyer taught us
something different. And I read that
book when I was a kid. Tom Sawyer, you
know, didn't want to paint the fence and
basically conned his friends into doing
it for him. My first night on QVC was
extraordinary. I'd never been on live
television before. I'm sitting there in
front of, you know, four robotic
cameras. There is no training program.
At least there wasn't in 1990.
You know, if you could talk about a
pencil for 8 minutes, you were hired.
You got to
>> That's a skill in and of itself. I mean,
I wouldn't be able to talk about a
pencil for 5 minutes.
>> I bet you could.
>> I don't think I could.
>> Well, I can teach you how.
>> How do you do it?
>> You never say anything about the pencil
that you don't follow with a reason.
Every feature on the pencil has to have
a benefit. So, okay, it's a yellow
number two pencil with an eraser and
that little silver thing that holds the
eraser to the thing. Is it lead or is it
graphite? Doesn't really matter, but you
have to decide which one it is. And then
you have to tell me and then you have to
explain that graphite from Madagascar is
a far superior solution or alternative
to lead because a lot of people still
lick the tip of the pencil and that's a
stupid way to get lead poisoning. Right?
So if if you're going to tell me
something about the product, tell me
what the what the benefit is. Why is it
yellow? Cuz you're busy, right? You open
up your desk drawer, you don't have time
to be rooting around for a beige writing
implement. We want that yellow to pop
out of there so you know right where it
is. Why is the eraser as long as it is?
Because after years of testing, we know
that the life of that pencil sharpened
incrementally as the data shows it will
be will coincide with the life of the
eraser which employed statistically from
time to time as we know it will be will
coincide. That's why you get that little
pencil down here and the eraser's been
used. It's it's it's all perfectly
engineered. Why number two? Why not
number three? Why not number one? What's
the difference? Well, number one leaves
that big fat, stupid skid mark. You look
like a kid with a crayon. Number three
is all too fine and wispy. You know,
number two is the perfect It's the
perfect amount of Madagascar graphite
for your yellow pencil and you just
talk, man. You just everything.
>> That's crazy though.
>> Everything you say is followed by a
reason.
>> And how do you make it sound exciting
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>> And how do you make it sound exciting
without lying about it?
>> Oh, well that's that's a different
matter. [laughter] Um but but I'll tell
you what I did. I mean before I I I
fully employed the whole feature benefit
approach to selling, I went to Tom
Sawyers method. The first product they
brought me June 1990
was the Health Team infrared pain
reliever. What the hell is this? I I I
couldn't. It was midnight. I worked the
overnight shift for years and it looked
like a flashlight with a little red
glowing ball at the end of it from which
infrared rays were emitted. So what you
would do is you would you would rub this
thing on your arthritis or or whatever
hurt and through some miracle,
right? Suddenly the the pain is gone.
Now you put yourself in my place. I'm 27
years old. I'm sitting there. I'm about
to go live. It's the top of the hour and
they bring me this thing with a little y
a blue card. It's got the item number,
the price, couple easy payment options,
and a sentence describing what I've just
shared. And now you have 8 minutes. You
have 8 minutes to talk about this
freaking thing.
>> And I didn't even know if it was real.
It I thought it looked like something
you would get out of the, you know, the
machines on the boardwalk with the
mechanical claw. Right. Right. And it's
just like really it's just stuff that
hadn't sold in prime time. And they
would give it to the overnight guys cuz
they're on a threemonth probationary
period and that's how you find out if
you if you got the chops.
>> And are you getting paid on a
commission? Like the more of these you
sell or just flat?
>> It's a great question. It's a great
money question. First of all, what I did
is just say folks, uh I'm Mike. I'm the
new guy. Nice to meet you. Uh if you're
just joining us, this is the health team
infrared pain reliever. I've never seen
one before. Um, and I'll be honest with
you, I'm a little nervous because I got
8 minutes to kill, but there's an 800
number on the screen. And if you call it
and ask for Marty, the producer, he'll
put you through and maybe you can tell
me how the hell this thing works on the
air. Lines blew up. Like people were on
hold to tell me how to do my job. And I
was like, "Oh, this is great." To answer
your question, no. back in those days. I
don't know how they do it today, but you
weren't paid on commission, but what
they would do was send out these
extensive surveys to the audience, and
they asked their most loyal customers to
evaluate each host based on all sorts of
things that didn't have anything to do
with sales. In a way, it was the
opposite of commission, right? Do you
trust them? Do you find them amusing?
Would you trust them to do this or that?
It's like a lot of trust questions.
Would you like to hang out with them in
real life?
>> So, the bonus was based on
trust and likability, not sales.
So,
when I realized that,
I I hijacked my three-hour shift and I
didn't worry about selling at all
because back then, the network was
saying, "Don't worry about the sale. The
the programmers know what they're doing,
and the items themselves are of quality.
They'll sell themselves." you know, just
talk about them, but [clears throat]
your bonus will be based on your
likability.
And that, of course, was the recipe for
a for a talk show.
>> So, how do you increase trust and
likability?
>> With humility. I don't know what this is
or how it works. Somebody call and help
me. Somebody call and help me.
>> So, people call with that exact item.
>> Oh, yeah.
>> And say like, "Oh, here's how you use
it." Did that increase sales by default?
Well, not to the point, and this is the
funny part of your your your question, I
think. Um, my first year bonus check
>> exceeded my my salary. I think they were
paying me $50,000 a year in 1990.
>> That's decent.
>> That's pretty good. It's not bad. I
mean, but more money than I'd ever seen,
and it was my first TV gig, but my bonus
was like 60.
>> Wow. So,
it goes back to incentives, right? I I
was being incentivized not to sell the
widget, but to keep the customers
somewhat entertained. And because I was
on at midnight and sometimes 3:00 a.m. I
had the graveyard shift. Nobody was
really watching me. So, I was largely
unsupervised. My boss would look at the
tapes the following day, but nobody
really knew what I was doing in the
middle of the night on the air, four or
five nights a week, and and what I was
doing was wildly uh inconsistent. What's
the worst you ever failed doing QVC?
>> I got called in once. It was a Sunday
afternoon. I'd only been there a month.
I was still in my probationary period,
so I was sleepdeprived. I'd been I was
total vampire.
And uh the woman
who was supposed to be on at like Sunday
at 5:00 p.m. uh was under the weather,
violently ill up in the green room. She
couldn't go on the air. And so the guy
that was on the air, he he couldn't
stay. He had like a wedding to go to or
something. So I lived just a few minutes
from the studio and they called me to
come in to fill in for this prime time
shift. And when I got there, it was uh
it was called the QVC dollhouse. And the
whole the whole stage was filled with
collectible dolls like sitting up all
all over the place. I didn't know people
collected dolls. I thought it was just a
>> children.
>> Well, I didn't think there were children
up there, but I just I just was like,
"What do you mean the doll collector?"
And uh you know, the producer told me
dolls are the third most collected thing
in the country behind stamps and coins.
I think
>> it's a big deal. I'm like, "Wow, what am
I supposed to do?" He's just They're
just like anything else. Just just put
them on your lap. Just pick them up.
It's actually He's like, "Don't don't
touch them, but they'll they'll be next
to you. Just describe them. Give them a
little story, you know, like these
little Victorian porcelain dolls that
looked like they'd escaped from like a a
road show of little women or something.
It was very strange. But anyway, to
answer your question, uh it was easier
than I thought. And everything was
selling out because the doll collectors,
they just sit there and they just they
buy them. Like I I couldn't not succeed.
And they brought a doll, a nun doll
called Sister Mary Margaret, like a
two-foot doll dressed like a Benedicting
nun with the glasses and everything
else. And I mean, it was just so crazy.
She was standing next to
>> the popular one.
>> I didn't know. I I had no idea if it was
going to be popular or not, but it was
creepy. It was like a like an angry
looking nun. Is that how you described
it?
>> Worse. I went through a basic
presentation and I was making stupid
puns. You know, it'd be a bad habit not
to invest in a little lady like this.
You know, it would be uh oh god, I had
her over my head at one point singing
the theme to an old song called The
Flying Nun. I put a a jewelry ruler in
her hand. You like those little 6-in
rulers, you know, and I was smacking my
hand with her hand. And, you know,
people were laughing and it was funny.
And I was basically just trying to kill
time. And we got to the end of the uh we
got to the end of the clock, right? And
they dissolve and to go to the next
product, but the producer puts a new
clock up on the screen. I mean, I have
another four minutes to talk about this
doll. I didn't have I'm a Presbyterian
kid from Baltimore. I got
>> I don't know anything about Catholic
nuns, much less in a doll form.
>> And I have nothing to say. And the
reason they came back to me is because
we were in a queue, meaning all the
order entry operators were taking calls.
So they had to like vamp and wait for
the calls to go down before they brought
out a new product. So now I got this nun
next to me for another four minutes. I
got nothing to say. And I look down at
that blue card and the words uh the word
musical is in quotes. And at the bottom
of the card, it says, "Climb every
mountain." [clears throat] So I realize
this is a musical nun, you know, and if
you wind her up, I assume there's a
music box in there somewhere. She plays
Climb Every Mountain. And I'm thinking,
"Oh, this will be great. We can sing
along." Like, I'll do a sing along with
Climb Every Mountain. That'll What What
a great way to kill four minutes. So I
take the nun off the stand and I I put
her in my lap and I reach for the
winder, right? in her back and it's not
there, which is weird. Like, why? Where
else would you put a winder? Now, I'm on
a cam. I'm on camera basically like
this, you know, facing the thing. And my
producer is freaking out cuz you're not
supposed to touch the doll, especially,
you know, if it's a nun. It looks all
like she's between my legs and I'm
looking for this winder, which I figure
has to be somewhere on her back, but
it's not. But it looks like I'm giving
the nun a massage of some kind.
>> So he's in my ear like, "Dude, don't
touch the nun."
>> And there are 150 order entry uh people
in front of me who are like riveted to
their monitors cuz this is weird, dude.
Like the new guy has a nun in his lap
and he's rubbing her shoulders or
something and we don't quite know what
to make of it.
>> And I got to find this winder now. It's
personal. So the DP, director of
photography, all automatic, switches
from like this camera to another camera
that has a tight shot of the nun in a
light box. Right? So this is the
duplicate display none where you get
those long slow tilts and pans of every
little detail. So I'm off camera, but my
mic is open. And now I can conduct the
search for this winder properly. And I
find it I I feel it and it's sticking
out. This is so jacked up. It's sticking
out of the lowest possible part of the
small of her back. It's basically in her
ass, right? It's sticking It's sticking
out of the top part of the crack in her
bottom. I can feel it through the habit,
but I can't you can't wind it from the
outside. Now I'm off camera.
>> So I pick up the nun and now every I
mean people are just freaking out. And I
take my hand up all the way up there,
you know, and by the way, way more
detailed than you would imagine. This is
not even necessary. And I and I get my
hand on the winder, but I can't get any
torque on it cuz her habit's too tight.
[laughter] So, I I turn the nun upside
down
>> and I push her habit down.
So, now her legs are sticking up in the
air like this. And my face is like
between her legs. And I lean over and I
start winding her up. Now the DP has
been on this shot over here for like a
minute, which is way too long. Just
tilts and pans. And I'm like, "Any
minute now, folks. We're going to we're
going to wind up Sister Mary Margaret
and we'll be treated to a u a special
rendition of Climb Every Mountain, you
know, off camera doing all this." But
everybody like I'm sitting on her head
and I'm cupping her butt with my left
hand and I'm winding her up with my
right and what happens next really
wasn't my fault. But the DP didn't check
his line monitor. All he's looking at is
the preview. So he's seeing what the
viewer has been seeing for the last
minute, but he doesn't fully realize
the level of debauchery that's unfolding
on that camera. And he takes the shot.
So, I'm sitting there in this chair
looking at the monitors in front of me
and I see the dissolve happen and I see
what like a million people suddenly see
in their living rooms. I'm sitting on a
nun's head.
My thumb appears to be somewhere in her
bottom. I'm horrified by the image.
Everybody in the studio just gasps and I
freeze and I like yank my hand out
and the nun falls forward from between
my thighs and lands on the on the floor
and starts to play climb every mountain.
And in that moment,
uh,
I sealed my fate. And this is really, I
shouldn't have told you the story, but
when I yanked my hand out, for reasons I
I can't even explain,
I sniffed my fingers. [laughter]
It just like it's just a nervous stupid
thing.
>> You got the particulate.
>> I got the particulate. That nun was
authentic, man. So, she falls down. she
please climb every mountain and um
and they go to a break. [laughter]
Anyway, I got through the rest of the
hour and I knew it was bad, but when I
got home, I had one of those old style
answering machines you guys probably
have never seen. I like you have 54 new
messages. And somewhere in those
messages, my boss was saying, "Uh,
>> so yeah, caught the show this afternoon.
Why don't you come on in tomorrow and uh
you know, pick up your check?" So that
was the first time I was fired from QVC
for inappropriate
relations with a porcelain nun.
>> You say first time?
>> I was fired three times.
>> What happened to the other two? Why do
they keep firing you?
>> Because I was being paid to be likable,
not to sell stuff. And so I would make
fun of the products and sometimes the
viewers, but I would always do it, you
know, as kindly as I could and as
honestly as I could. Um, and you know,
things often went off the rails. I was a
um, what do they call me? A management
challenge.
But [snorts] you know, it was the
viewers who saved me.
>> Like literally, like after that
incident,
>> I went home, realized I was done, and
called a buddy of mine who I knew was on
a shift later that evening, and I and I
told him what had happened. He on the
air said, "Hey, if you caught Mike's
show earlier today, I hope you liked it.
He won't be back."
>> And we got a lot of letters from viewers
who were like, "Oh, you know, that was
really funny. That wasn't his fault.
Give him a break." So, my boss hired me
back.
>> And so, I got another shot. But it was
it was that kind of thing for uh
three years really. You know, I was I
was I was banished to overnights. I
really never saw the light of day again,
but I worked the midnight to three
shift. And you know, I didn't It's
funny, man. I didn't talk about this for
years, but um some somewhere around 99,
somebody started posting old videos, VHS
videos of me on the air, like cracking
open a lava lamp to see if that was
really lava inside, like breaking
unbreakable plates just to see if I
could, you know, all this crazy stuff
that would get me in trouble. And then
people started asking me about those
videos. Like you can Google the cat sack
right now, which is pretty funny. It was
a we had a sack. It looked like a like a
grocery bag lined with myar and your cat
would crawl into it.
>> Do you have the nun video?
>> That I don't have. My mom might have it,
but I do have videos of me interacting
with dolls in a in an odd way. The doll
thing was like a light motif in those
days in my career. But the real point
is, you know, I I got a thousand stories
and, you know, I can tell them if you
want, but
>> that was my first job in TV and I
couldn't distance myself from it once I
really started my career fast enough.
But looking back,
every useful thing I ever learned that
served me well later,
I learned in the middle of the night
selling stuff on the QVC cable shopping
channel, including Dirty Jobs. All the
ideas for the show were suggested by
viewers.
>> When people come to you, what's the
question you hate answering the most?
>> So, uh,
and you have to ask it the right way.
>> You like like you have to ask it like
you've been thinking about this for a
long time and you've now you've got
>> I already know what it is.
>> Hit me.
>> What's the dirtiest job?
>> That's it, dude. That's it.
>> You know, it's the same exact thing.
People come to me and they always like,
"Yeah, I've been I've been wanting to
ask you, man. Who's your favorite guest
you ever had on the podcast?" I'm like,
"Dude,
>> always."
>> I've had 350 people like so many people
on the show. I could not tell you who my
favorite is out of seven years or what's
the best piece of advice you've gotten
on the podcast?
>> And then it's always followed up with,
"How do you like Vegas?
>> How do you like living in Vegas?"
>> It's always those three. In the same
way, you know, choosing to be curious or
uncomfortable, like it is a choice. Like
questions,
it's a muscle. Like you and you can work
it out. You know, I'm sure you've guys I
mean, you've done a lot of interviews.
So, you can like you know, you know when
you're going down a road where it's
like, I'm pretty sure the listener has
heard this. I'm pretty sure they've
heard this question. I'm pretty sure
they've heard that story. Like it's it's
a real it's a talent to ask a question
that hasn't been asked before.
>> What should they be asking instead?
>> If I were interviewing me
>> Mhm.
>> I would want to know
how you got away with it. You know, how
did you get dirty jobs on the I couldn't
sell that show today in the room. I
couldn't get it made. I couldn't film
it. Like there's nothing. That show was
so
off-brand
for the network at the time and then it
became the brand. I shot the pilots
myself and they rated
very well, but they were put on the
shelf because
that wasn't the show that my bosses at
the time wanted their viewers to like.
>> What did they want the viewers viewers
to like? David Atenboroough, Jacqu
Kustoau, Jane Goodall, the Discovery
brand, which I still love very much, um,
at the time was was really rooted
in a different version of credibility,
right? Like they like you have to decide
what's persuasive and what do the
viewers what will the viewers respond
to? And um at the time, you know, 70s,
80s, 90s, I think I think most of TV was
living in the age of um of authority
where we took comfort in hosts who
talked like this. They'd hit the mark
and they'd say their line. We're like
narrators who would tell you about the
lone wilderbeast
traversing the vast reaches of the
Serengeti, right? like everything is
measured, everything is, you know, all
those tropes of of hosting were like
really alive and and established.
Somehow I came along at a time, I think,
when the audience was starting to feel
like, well, that level of authority is
is not really as persuasive necessarily
as as maybe something authentic.
And then the question is, well, what's
authentic? And if you're in that model
of like hosting or or reading news or
something like that, well, all you had
to do was figure out a way to to do the
same basic job differently.
>> Mhm.
>> Right. Than everybody around you. And
that's what Dirty Jobs really was. An
attempt to say, "Look, maybe maybe
instead of a host, I can be a guest.
Maybe the expert
on my show is the guy you've never heard
of doing some weird job out of sight and
out of mind. Maybe he becomes the
credible source of factual information.
I become his apprentice. The viewer
becomes the programmer.
So, like everything about that show
was designed to poke at the bear of
existing expectations in non-fiction TV.
Why did you like it? What was
>> I found it fascin?
>> Yeah, but you [snorts] could have
learned from every other show on the
network. Why did you like Dirty Show?
>> It was entertaining.
>> Why was it entertaining? I think because
Yeah. And but also I think your
narration of it was fantastic.
>> Thanks.
>> Now, speaking of all these jobs that
you've done, where do you see the trends
going in the future for people who want
to get in the trades? Like what's
something that they should start today
that in 10 years from now is going to be
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Louisiana. Like what's something that
they should start today that in 10 years
from now is going to be highpaying, high
demand?
>> The unexpected answer is
don't ignore AI.
It's not going away.
understand it. Don't be afraid of it. I
don't care if you're a welder or an
electrician or a plumber. Don't don't
let this thing get so far in front of
you that you don't feel like you can you
can catch up to it. Having said that,
>> um right now AI is not threatening
any vocations that my foundation is
typically concerned with. So, you know,
it's not coming for the electricians or
the plumbers or the steam fitters or the
pipe fitters or the ship builders. Um,
look, I would say if you're looking at a
career in the trades, the most useful
thing you can learn first is how to weld
because that's that that that's like the
gateway trade. We've got 3,500 people
who have gone through microworks.
Probably probably 40% of them are
welders.
>> Why does it pay so much
>> at the moment? It's a it's supply and
demand. It's it's it's really that
simple. Um, and certain elements.
There's a danger premium. There's hazard
pay. Underwater welding is about the
most dangerous thing you can do.
>> Is that the most dangerous job?
>> It's up there, man. I mean, you've got
to talk about like the show I was just
narrating, deadliest catch. That's
dangerous. Crab fishing on the Bearing
Sea is dangerous. Lumberjacking anywhere
is dangerous.
>> What's the main threat in lumberjacking?
The chainsaws themselves are just giant
coiled razor sharp mechanical beasts.
It's
>> not like bears though, right?
>> I don't think a lot of people are
attacked by bears. Like I mean like
>> in general
>> I mean I mean really like if I were a
bear, you know, and I saw a lumber with
a chainsaw, I'd be like, you know what?
[laughter]
>> I'm going to stick another day.
>> Yeah. You know what? I'm a I'm a roots
and berries kind of bear.
>> Yeah.
>> But no, I mean you look you can be a
couple hundred feet underwater. you like
you're at real depth sometimes in a dry
suit. You've got air being pumped in,
compressed air.
>> How much do underwater welders make?
>> Again, it's all over the map, but there
was a guy a couple years ago uh who I
gave
maybe $6,000 to. He filled out a work
ethic scholarship, applied for u money
from my foundation, and his resume was
great. His references were great.
Everything about it was great. I
couldn't give him the money fast enough.
And I stay in touch with a lot of these
people [clears throat] cuz I want to
interview them later. They can answer
that question better than I can. Uh but
this guy fell off the radar. Um I I
didn't know what what had happened to
him. His name's Jake. And uh anyhow,
he he came back on the radar a few years
later and I called him just to because
we were doing a new series of uh
commercials for Microworks and I like to
feature the people that we've actually
assisted in these things. And uh I
thought he'd be good and I said, "How's
it going?" He said, "How's it going?"
I'll tell you how it's going. You gave
me what you gave me. uh MIG welding and
TIG welding for the first year. I got
promoted, then I got promoted again and
then about 14 months in, I fell in love
with this girl and I wanted to marry
her, but I was still, you know, I was
making maybe $70,000 a year. So, I knew
a guy who got me in an underwater
welding program and as it turns out, I
was pretty good at it. And so, I did
that for a year and was making about 130
140,000.
And then something opened up overseas,
Gulf of Oman
um pipeline underwater.
>> Uh 315
320 grand taxfree.
>> Wow.
>> So he says, "How's it going?" I I was
over there almost 3 years. I got a
million dollars in the bank. First first
kids on the way.
>> I'll tell you what, though. Like if
anyone's going to make that kind of
money, like please take it. Like I I you
know what? Like if I need a reduction in
pay because some underwater welders,
>> you know what I mean? I have no problem
with those guys.
>> So here's the the better answer to your
earlier question. And then don't don't
let me boomer out on your audience, but
that guy compared to any one of the 7
million we were discussing before,
who do you want to help?
>> Yeah. even if he makes $300,000 more a
year than those, it's like,
>> again, no lectures, no sermons, but man,
it's it's a it's a scary uncertain time
for a lot of people. I get it. But, you
know, to find men and women who are
affirmatively,
it's the bottom of the ninth, the bases
are loaded, you're up by one, you want
the ball. I want that guy. I want that.
I want to do what I can to help those
people because look there there are lots
of scholarship programs out there. Gez
for everything you know academic
uh artistic athletic.
>> So what should the role of government be
in helping and supporting those people
because it seems like at the same time
if there's too much of a safety net it
might discourage some of that risk
takingaking.
>> So this is the the essential problem.
If everybody was like Jake or if
everybody was like the 7 million who
have just clocked out, I could answer
the question and say, "All right, as as
an elected official, I got to figure out
how to fix a problem that could likely
lead to some kind of existential thing.
I'm not in that position." And the state
of play is not that codified. Right? So,
I'll tell you what I told the feds 15
years ago. I I started Microworks 18
years ago on Labor Day. I went to
Congress 15 years ago and said, "Look
guys, I'm not an expert, but Obama had
just announced 3 million shovelready
jobs." So, this was in
2009.
And you can find this online. And I
wrote an open letter to President Obama.
And I said, "Look, I love the idea that,
you know, you're going to create 3
million shovelready jobs, but from what
I've seen, it's going to be a hard sell
to a country that's not currently super
excited about picking up a shovel. Like,
you need better PR. You're going to need
to explain what these jobs are. You're
going to need to explain why they're
valuable and how they can get you to a
six-figure income quick, cuz they can.
But you're going to have to sell that.
You got to sell the jobs. You can't just
create them and wait for them to be
filled. And around the same time, I went
to Congress to say, look, I don't think
the ultimate solution to the skills gap
is going to be.gov, but I don't think
there's going to be a solution without
it. So, there's so many things you guys
can do to reinvigorate the trades. And
to the extent that my foundation can
help, I'm at your disposal. It's funny,
no one disagreed with me. I got calls
from both sides of the aisle going,
"Hey, man. Yeah, we we dig what you're
screaming, you know, let let's stay in
touch, whatever." Uh, two years later, I
went back to the Senate. Same basic
pitch. Um, didn't go anywhere. Last
week, I was in the Pentagon. It took 15
years, but they got back to me with an
answer to your question, which was
basically, here's what the government
can do. They they've launched a their
own site called Buildfreedom. us. It has
like 400,000 open positions there, many
of which are AI proof six-figure jobs.
They gave me $10 million for my
foundation, and I had a bunch of money
saved up over the years. So, we have
millions of dollars earmarked for men
and women
>> who specifically want to learn a skill
that's in demand. And the government is
throwing gas on that fire and saying as
you look at all the opportunities in the
skilled trades all over the country,
don't forget about the ones in the DIB,
the defense industrial base, because I
got news for you, man. The people who
build our submarines,
they're freaking out. They need 400,000
welders in the next seven, eight years.
They have no idea where to get them.
Should we be concerned about competing
with other countries like China?
>> Yeah, China built a thousand ships last
year. We built three. And
>> why is that? Is that a work ethic thing?
Is that a cultural thing that maybe
those skills are more appreciated over
there? Or is it just like a red tape
policy issue?
>> I think that is a government question,
you know, because ship building is its
own very specific thing and those
contracts can can go to any number of
places for a lot of reasons. Um, and you
could look at organized labor unions.
You can look at importing steel. You can
look at all kinds of different factors
that might make it a lot more
efficacious to give the business to
South Korea. China's not building our
ships. South Korea is.
>> So, getting that industry back in this
country is something this administration
wants to do. They want to reshore. They
want to re-industrialize.
And look, just to be clear and not make
it too political,
>> I I told President Obama 15 years ago,
I'm like, "Look, man, I'm rooting for
you. I I want to see this work. I I care
about our country, and I I love the idea
of closing the skills gap and making a
more persuasive case for the trades." 7
months ago, I was with this president in
Pittsburgh for this energy conference
along with 35 CEOs who basically run the
country right now. I was literally in
the room when those CEOs pledged $92
billion to Pennsylvania alone to build
out data centers primarily in the next
few years. And uh and when it was my
turn to talk, I I said the same thing.
I'm like, you know,
>> I'm I'm rooting for this president. I
want to see manufacturing
reinvigorated. I want to see all this
work brought back. But,
and this is where I'm, you know, I don't
know if I'll be invited back, but I
said, you're going to create 2 million
jobs in manufacturing, what about the
480,000
jobs in manufacturing right now that we
can't fill?
What about that? What about the fact
that for every five trades people who
retire, two replace them? It's been that
way for 12 years. Five out, two in. I
don't have to be an economist to tell
you that that's not sustainable.
>> So, it seems like those are really good
jobs to get into. Like, what was it? It
was like home inspectors and home
appraisers. They're all aging out and no
one's replacing them.
>> Yep. Yeah. Look, again, the guys who
built my house,
uh, there were seven people in the crew.
The youngest one was 50
>> and that was 11 years ago.
So, you know, every general contractor I
know, and I know a bunch of them are
agonizing over workforce. I mean, not to
overstate it, but I mean, there is not a
week that goes by that I don't hear from
the leader of some consequential
industry or company who is freaking out
in the exact same way. I mean, Black
Rockck, Wells Fargo, Ford, Jim Farley's
talking about building automotive repair
facilities like with within his own
company.
>> Lowe's has committed $250 million to
workforce training. Home Depot's right
behind him at 100 million. Black
Rockck's like 150 million. This is how
crazy it's gotten. America's Workforce
Academy is a fiveweek pre-apprenticeship
program on steroids. Right? This is how
desperate Meta is for skilled workers.
They will pay you to go through the
course. Could be fiber optic, could be
basic, electric, all the construction
trades. They'll pay you. They'll cover
all your expenses, plane, travel, food,
everything. Plus, they'll pay you. And
at the end of five weeks, they'll
guarantee you a job.
guaranteed
and if you decide ah I don't want to
work for Meta or I don't want to work on
that project you can leave with your
certifications.
So I think what's coming is a completely
new way to think about vocational
training. I think it's going to be like
a Manhattan project type thing. It's
going to it's going to just change the
way we think about certifications,
requirements, training, and money.
>> Based on that, I'm curious, what do you
think we have too much of in terms of
jobs or employees that are getting into
an industry?
>> I wouldn't second guess the market.
>> Seems like everyone want to be a
software engineer and that was seven
years ago when that became very popular.
Now we have a glut of software engineers
and AI seems to be
>> taking quite away from that.
>> We're not suffering from too few
influencers. We're not suffering as a
country from too few American idols.
We're not suffering I mean like you can
go down the list of things, right?
>> Um again it's basic supply and demand.
Sorry to beat a dead horse and with
respect to Marco Rubio who I think is
doing a terrific job but 10 years ago
there was a moment on the debate stage
as remember there had 17 candidates in
the GOP I mean 17 and he was up there
this also goes back to you know what
happens when an organization
realizes its customers want something
they don't want them to want
>> I still remember I think it was Rs
Priebus
the head of the GOP going, "Look, look
at all these amazing choices up here."
You know, we have him, we have her, this
doctor of color, we have this, we have
that. So many choice. Anybody but the
guy in the middle,
>> right? He's like, "Anybody not not that
guy." Well, we all know what what
happened to that guy. But the point is
in the middle of that debate, I forget
what the question was, but Marco said,
and I'll tell you something else. what
our country needs are
fewer philosophers and more welders and
the crowd a big applause line and I'm
watching I'm like oh boy. So, uh, like
an hour later, I go on my social
channels, such as they were like seven,
eight million people there,
>> and most of them were like, "Hey, man,
did you hear that? He's singing your
song." And I'm like, "No,
actually, it's not. It's not. I've I've
never meant to suggest that what's
plaguing the country are too many
philosophers." That's not the way to
think about it. You know what we need
are more philosophers who can run an
even bead
and understand the mechanics of, you
know, fabricating steel. And we need
more welders who who can talk
intelligently about the stoics and about
uh logic and reasoning and Aristotle and
Nichi and Decart and Kant and like what
why does it have to be one or the other?
You know that that I think that's what I
meant by I think we're gonna have to
reimagine education
because
we're like stuck in this prison of two
ideas where we got we got too much of
this and not enough of that and
therefore we got to get rid of some of
this. But that's the real message of the
skills gap too. Like why do we still
talk about unemployment as if it
matters? You know that Nick Eberstat
guy, same guy, the men without workbook.
He says pretty persuasively, I think
that you'd be hardressed to find a more
meaningless statistic than the number of
people who were unemployed.
That's a that's an artifact of the Great
Depression. Cuz in those days, you know,
if you had 12 million people out of
work, you could create jobs and those
people would take them. Today, the
unemployment rate is what it is, but
you've got 7.2 million open jobs. Most
of them don't require a 4-year degree.
Then you've got this other cohort of 7
million men who are just not impressed
or not interested. And so th this idea
that the number of people who aren't
working
are not working because there's no
opportunity
that it's just not it it just doesn't
hold up anymore.
>> Yeah. So that's what I, you know, I'm
just suspicious of anything that's like
too much of this, more of that.
>> It's it's that's not how the pie works,
you know.
>> What are the skills that everyone should
know how to do? Like I'm talking
changing a tire, being able to cook a
steak, throw a punch, like what are
things that
>> universally
>> that's a good start. All those things,
you know, look, I I think
>> plunge a toilet would be
>> Should every man know how to jump a
fence? Well, it's not going to hurt you
to know how to do it. Um, you might get
>> purpose, Jack. Jump a car. Maybe what
you're running from, Jack.
>> Well, maybe run into something. Who
knows? Maybe [laughter] there's
opportunities and you there's a fence in
the way. You got to jump the fence. I I
I think it's a testament to just
overall, you know,
>> that's more of a physical ability
>> ability, which you'd probably agree that
also is important. No, I mean look,
anything that bolsters confidence and
competency is important. We made the
point earlier, I think that, you know,
our frustration with the trades
sometimes is rooted in our inability to
do the work ourselves. So, I don't know
if there's a correlary between jumping a
fence or throwing a punch or changing a
tire with being able to change your
brakes, you know, like I can still
change a tire that like the mechanics of
that haven't really evolved to leave me
in the dark yet. And yeah, I think I
know how to throw a punch. And speaking
of fences, man, quick sidebar. My
favorite moment in Dirty Jobs, I don't
know if you saw this one, but it was it
was one of the things we were able to
get away with that you couldn't ever
ever ever ever do today, but I was I was
putting in a protective fence around a
sinkhole in the middle of the forest
somewhere that was like 90 ft deep and
easy to fall into. And in the course of
doing this, I had to remove a
pre-existing iron fence pole that had
been hammered into the ground, and I
couldn't get it out. It just it just
wouldn't budge. It was like the sword
and the stone. And so, one of the rules
on that show was never cheat. And so,
all I had was a shovel and a pulley and
a rope. And I was determined to get this
fence post out of the ground, this piece
of iron that had been hammered in about
3 ft deep. It took an hour and a half of
digging and and and nobody would help
me, but my my crew filmed it like it
mattered. And it did, but nobody really
knew it at the time. So there there's
literally a 15minute segment in an old
episode of Dirty Jobs where nothing
happens at all except Mike tries to get
a single fence post out of the ground.
And um I don't know if that in any way
is adjacent to a decent answer to your
question, but in the same way you ought
to know how to jump over that fence, you
ought to know how to build it and you
ought to know how to deconstruct it. And
if you're going to take the time on an
international television show to so to
illustrate how difficult that is, that's
a very conscious choice to make. And I
was so lucky to be able to make that
case 20 years ago and to have that fight
and to get the network on board and to
have that as like proof of the day that
I had. It was very very gratifying to
look back at a scene that would never
make it into any other show under any
other circumstance.
But it it does I think rhyme in a way
with what what you're asking as it
>> it's weird and random but it's also just
adversity like we were talking about
earlier. It was like you have the
protagonist you and you have the
antagonist that fence that's three foot
in the soil.
>> That's exactly right.
>> And you just kept fighting. And you also
have, since you're throwing around the
fancy literary words, you've got the uh
the arisatilian definition of a tragedy
hanging over the whole thing, which is
that moment in any narrative when the
protagonist comes face to face with the
undeniable truth of his own identity.
And in order to get to that place in a
play,
you have to be very patient through a
number of what they call anagnaresis,
discoveries along the way. Same is true
in TV. The reason most TV sucks is
there's no patience for it. You just cut
cut. Oh, the fence post is out. Now,
what happens next? In reality, what
happens next is you're going to spend
another hour and a half on that fence
post, right? And so, well, why would we
put that in a show?
20 years ago, I won the argument because
I said, "A, you're a non-fiction
network, and B, this is a reality show."
And those words back then both literally
meant
>> what they mean. They don't mean that
today. That they don't mean it today.
You can't find a show on a non-fiction
network that doesn't have a cut every 3
seconds. Watch them, any of them.
scenes. Cut. Cut.
>> Can't do it.
>> Speaking of the skills, what's the best
skill to impress a first date?
>> Are manners a skill?
>> Yeah. Should you always open up the car
door for her on a first date?
>> Absolutely.
>> What about remove a fence post?
>> Look, you got to ask yourself, why is
this fence here in the first place?
Like, What is it keeping you from?
>> Well, I think it was Robert Frost who
said uh good fences make good neighbors.
Famous poem called uh mending wall. It's
a good one.
>> Yeah. Where are you investing?
>> I'm still basically
all over the Wilshire.
I've I've been I mean my my investing
career is
>> oh no
>> complicated.
>> Sounds like Jack.
Um, no. I um [clears throat]
>> imagine he's just like covered calls
[laughter] on Robin.
>> No, I'm boring. Um, at least I was. Uh,
there was a book. Well, anything Jack
Bogle wrote when when when he was
running Vanguard, Burton, Malikille,
random walk down Wall Street,
>> all of those I I got religion in 99
uh when through a crazy disastrous
scandal. Um I I lost everything. Then
>> what happened?
>> Uh do your do your viewers care about
this kind of thing?
>> Well, we're mostly a finance podcast, so
people [clears throat]
>> Oh, all right. Well, you buried the
lead. All right. Yeah. No, let's talk
about money.
>> Um,
>> I am a ineterate saver, as we've
established. I I
until
until I got older, I didn't own
anything. I mean, virtually nothing. I
lived in hotels cuz most of the work I
was doing uh had
was on the road. So, some network
somewhere was paying for it. I didn't
own any clothing cuz the shows all came
with some kind of clothing deal, you
know. Um, I I didn't live I didn't have
a I didn't have a rental. I didn't own a
home. I I literally lived on the road
and I had nothing and I saved every
penny I could.
>> And did you invest it or did you just
hold it?
>> I invested it um as best I could. You
know, I started investing when I was 22.
I bought a house in Baltimore for like
$48,000
and sold it a couple years later for
like 70 and felt and felt smart.
>> I took that money and um put it in the
market broadly lowcost indexing, you
know,
>> and then I met a broker
uh who became a dear friend and uh this
broker worked for a big investment
company. they became
kind of the golden child and uh quickly
amassed a lot of a lot of clients
and long story short we we became very
very good friends. This is a woman
>> Mhm. and um she left the firm to start
her own firm and um
wound up
building a house of cards that collapsed
in the most spectacular fashion. Um this
uh th this was extraordinary for me
because I was living and working on the
road and not and not back in Baltimore.
So, I didn't have a front row seat to I
was literally reading about it in the
headlines. And um the entire thing uh
when it collapsed, the the firm that she
launched had I don't know how many
investors, but almost all were doctors
and lawyers. There were no other TV
dudes freelancing in there.
>> So, everybody lost everything. I mean,
>> what was she doing? Was she just paying
herself, taking vacations? No, it was it
was a little more involved. She had
private investments and private
opportunities and she was using money
that a lot of people assumed was
>> still under the impromature of a big
firm was in fact invested in some of
these other ventures. I kind of knew
some of this was going on, but the thing
is over the years, um, I had made a lot
of money with this strategy. I mean, I
was it's a very consistent bunch of
money. And for a freelancer who saved
all his money, so I own nothing. I'm
living on the road. I've got a nest egg
that I'm super comfortable with. About a
million dollars.
>> Oh, wow.
>> Yeah. I mean, I we we had done really
really well and I and I felt really um
I mean like I felt like I'd cracked the
code. Like when my pop told me to get a
different toolbox
>> and get in the entertainment business.
Like the only way that makes sense is if
you do it differently. So I had spent at
that point 15 years like I never swung
for the fences. I I wasn't trying to get
a hit show. I was hosting.
So many weird random little talk shows
and maybe a guest appearance on a sitcom
or pilots and infomercials. See, the
thing about QVC is they it taught you
how to audition. And I was I was really
good in the room. So I could book way
more gigs than a lot of people I was
competing with. And I did. And so I had
a really interesting business model in
those days. I kind of based it on this
fictitious character that I still love
called Travis McGee who took his took
his retirement in early installments.
>> Right. So he was a he was sort of a
detective. Called himself a salvage
expert. Lived on a barge down in uh Fort
Lauderdale called the Busted Flush that
he won in a card game. And this guy in
these great books by John D. McDonald
uh would come out of retirement every
few months when he needed money to solve
a case, get back something that had been
taken from somebody. He he would keep
50%.
>> I'm telling you, it's it's it's funny
because like everything I thought about
business back in those days was sort of
based on that model. So, I'm freelancing
6 months a year. I'm taking I'm taking
my time retirement in advance. I don't
have any incumbrances. I don't own
anything. I got a million bucks in the
bank and my secret weapon goes up in
flames and I uh I I lost everything.
So, the good news for me was
[clears throat]
because my relationship went way back
with the broker,
>> I was able to go back to the original
investment house and say,
"Was there anything about this person
that I should have known?" Like, is
there And I had a lawyer. Everybody else
was represented by a by a bankruptcy
trustee,
>> but I was different. I was outside of
that group and I had a lawyer and uh as
it turns out there were some things that
the brokerage should have known and
should have been a bit more circumspect
about. So after 2 and 1/2 years of crazy
drama, I got my money back.
>> Wow.
>> You got it all back.
>> Not all of it, but a chunk. Enough. And
the crazy thing was at the same time
like my whole business model had
collapsed cuz I lost my safety net which
is really kind of you know this is a
this is a very personal thing but like
what you find out who you are pretty
quick
you know and the thing is like if you're
up on the tight rope and you look down
and you see the safety net you know you
and you don't fall like nothing changes.
>> It's just that the net's gone. It only
changes if you fall. But I was just I I
did something that I didn't think I
would ever do after the third firing
from QVC all those years before. I was
like, I got a job, you know? I took a
job hosting a show called Evening
Magazine right here in San Francisco,
>> which brought me right here into this
recording studio 22 years ago cuz I felt
like I needed to work. And I also took
uh another job hosting a show called um
Worst Case Scenario. and all that it it
as soon as I took those gigs, neither of
one of which I I really really really
wanted. Um the case settled. So all of a
sudden I'm back here in San Francisco
working at this job that I wasn't really
my wish fulfillment. I got my safety net
back,
but it would have been to quit the job.
They had just hired me and I liked the
people. So, I wound up staying with that
job and it was during that job that I
came up with a segment called Somebody's
Got to Do It, which became Dirty Jobs.
But to answer your question, while all
that was happening, that's when I got
religion with investing and I went to
lowcost, highly diversified index funds
with a little bit of international
exposure, little bit of REIT here and
there. And I took the rebalancing very
seriously. And I and I I did that and I
I read all the books and that's what I
did for probably another 10 years.
And um and I was a hardcore
fullon it's like look Jack Bogle got it
right. In the end, you might find a
stock picker, you might find an advisor,
and they might turn you on to this,
that, and a bunch of other stuff, but
long long term, when the dust settles,
you run those numbers against a lowcost
blah blah blah. And I think the average
American is going to do a whole lot
better over there. And uh I believed
that right up until Dirty Jobs became a
giant hit and I started working uh in a
different way.
>> How did that financially change your
life? Hey, by the way, really quick, if
you want extra content just like this,
as well as early access and a bonus post
show posted every single week. Feel free
to join as a channel member to get
immediate access to all of that as well
as early access to everything else that
we post along with priority responses to
all of your comments. So, if that sounds
cool, feel free to join. Would love to
have you on board. Thanks so much. We'll
get back to the podcast now. How did
that financially change your life? Well,
financially it didn't. Emotionally it
did. The the thing about me is that I
I've never I've never lived beyond my my
means. And that was true when I was
making 20,000 a year and 50 and a lot
more. and then a lot more. It never
the the only thing I've done
that's out of character in the last 60
years is I bought a house, you know,
like a proper house.
>> And um yeah, over time I've started to
acquire some things, but like no
collectible dolls, no uh no like
>> You seem like you liked it.
>> Yeah, you're very
>> You sniffed it. I mean
>> I I collect memories. You got the
particles.
>> No, man. I I really um I'm still
enamored with that whole Travis McGee
model. I still love that guy. I still
love like his his whole business
philosophy and and life philosophy. But
the trade-off was after
what 15 years of not really caring about
the work that I did, I was more enamored
of being in this industry and and
enjoying it on my terms than I was with
the work. Consequently, I did lots and
lots of things that I'm not terribly
proud of. Dirty Jobs
was the first thing I ever did on TV
that I was proud of. And once that
happened, the whole model went to hell.
And then I then I worked 300 days a
year.
>> How did dirty jobs financially affect
your life?
>> You know, the first couple of years were
not particularly
wow. You know, it was like you just
you've got to make a very specific type
of deal to get a show on the air. And
you're not going to get rich at all from
that deal. The only way you do well
specifically on the show is if it's a
hit and then they'll renegotiate with
you. And that's basically what happened.
So when the show turned out to be a hit,
it was
radically
unnerving. like I I'd never
I I swung for singles and doubles. And
so when the network finally got behind
it in a meaningful way, they ordered
like 39 episodes and I realized, woo,
you know, I hate this deal I made. I got
to I it it's not a fair deal and I
needed some help. So I wound up hiring
this uh woman, an attorney, and she kind
of took pity on me. She was a powerhouse
and with a really good firm, but she
liked me and and and she saw something
in the show,
maybe something different than you did
when you were a kid, but
>> she saw something universal in it.
>> She was very impressed by the fact that
um
the viewers were so engaged that they
were programming the show. She was like,
"That's that's rare." And I said, "Yeah,
it is rare." You know, and it's also
personal. You know, the show happened
because my mother called me. I was right
across the right right across the street
here at CBS. Literally, you you drove by
it when you came in. KPIX. I was sitting
in my cubicle
uh in 2001
and my mom called me about my
grandfather who I mentioned and said,
"He's turning 90 this Friday and I've
got the perfect gift that you can get
him." I said, "What?" She said, "How
great would it be, Michael, if before he
dies, he turns on the TV and sees you
doing something that looks like work."
>> [laughter]
>> So the next day I take a cameraman into
the sewers of San Francisco
and that's what starts Dirty Jobs. But
to answer your question, um, Mary and I
started looking at the show really,
really early
and thought,
"Yeah, there's a lot of exploding
toilets and misadventures and animal
husbandry, but under it, this thing is a
real
powerful rumination on American work
ethic." And can you build a business
around that theme? not around the show,
but around the themes that are like
pregnant in the program.
>> And if you can, how how would you do it
and what would that look like? And the
answer was, well, I don't really know,
but part of it would be a nonprofit.
Part of it would be a genuine attempt to
shine a light on the industries that are
making this show prosperous.
And another part would be a scholarship
program to help people get the training
they need to do these jobs. If we do
that legitimately,
and this is probably a bit selfish, but
looking back, if I'm being honest, I was
like, I I want a better way to promote
the show. I want to be able to talk
about more than, oh yeah, and less
Swanson, you know, went up to his
nipples and just this giant container of
crap, or yeah, today we we boiled a
bison. you know, it's like what's the
point, you know? So, Microworks, the
foundation,
gave me permission to promote the show
in a way that
the network didn't really care about and
in ways that most other shows weren't
being talked about. As a result, a lot
of big companies came sniffing around to
say, "Hey,
do you mean what you're saying?" Because
here at Caterpillar, here at Ford, here
at Kimberly Clark,
>> we wrestle with this every day. So, we
started making deals,
good deals with big blue chip companies.
They would support my foundation.
I would speak on their behalf and not
like a yellow number two pencil or a
collectible doll like I did 300
commercials for Ford in six, seven
years.
Um, I worked for some of the biggest
companies in the country. They supported
my philanthropic effort. Mary would make
deals. And so I found a way to function
not quite as a pitchman.
>> Mhm.
>> Cuz my whole argument was still it's
like, look, man, your your company
doesn't need a spokesman. Your your
satisfied customers are your
spokespeople and your and and your own
employees. what you need is a fan of
your brand. So that's what I started
selling. I I I started saying, "Look,
Dirty Jobs is real. It's personal. I'm
the spokesman for Microworks and nothing
else, but there are a lot of brands I
admire. And if I can find a way to talk
on your behalf through the lens of the
show that you know me for, that'll be
authentic. And if it works, maybe maybe
we can make some money."
And so we began to build this business
around the ideas of Dirty Jobs and
around the foundation that inspired it.
>> So it sounds like then the biggest
financial impact on you were the actual
brand deals with companies like
Caterpillar, Ford, etc., etc.
>> Yeah. I mean, it's not I never really
looked at it like, okay, you know, we
killed it over here. this one out. It
was
Mary talked me into doing something I
swore I would never do and that was
start an actual business like hired
people. I've had like 10 or 11 people
that that work with us today.
>> I never wanted that. I wanted to live on
a housebo, solve crimes, take my
retirement in early installments and not
own anything, you know, and and that
worked great till I was till I was 30.
Well, 42 really.
>> Have you made more money investing or
from your work?
>> That's the answer I was getting at. The
reason I can't tell you, you know, Ford
versus Caterpillar versus Groundworks
versus Pure Talk for I mean, I've I've
been in business with a lot of
companies. I'm still curious about the
deal and we're, you know,
>> we do the best we can and but it's never
about the money entirely. It's I only
partner with
>> brands that share my sensibility,
>> right? But to answer your question, yes,
in the end, the dust settles. I take my
chunk of the business and I invest it.
What I'm curious about is because we
love promoting financial literacy here
and financial literacy mostly meaning
exactly as you've described it which is
lowcost index funds. I always like to
say as as does Graham that like hey you
can make realistically if you're not
like a high earnner you're making like
the average income or maybe a little bit
below the average income. your net worth
will mostly be accumulated from your
investments and not from like an active
income which we also discussed early on
which is like you can be making $300,000
a year doesn't necessarily mean that
you're becoming wealthy right because
you're spending it all but instead like
your wealth is truly built from buying
assets from buying investments
>> I didn't know you guys were that that
valueoriented
>> oh yeah that's all I do is index funds
you see my portfolio it's 99.9 we try to
provide value in that sense it's not
financial advice because we're not, you
know, legally allowed to provide that.
But we like to talk about lowcost index
funds.
>> Listen,
>> and cover calls.
>> I It's so funny. I'm going to I'm going
to contradict myself all over the place,
but you know, you're I'm not adverse to
the average American that you described,
you know, earlier. Um because in this
case, I think that's
>> the best possible advice you could give
him.
>> I assume you know Dave Ramsey.
>> Yeah, of course. We've had him on the
show probably three times.
>> Sure. I've been on Dave's show probably
three times. He's been on mine. We don't
agree on every single thing,
>> but we sure agree on that. And you know,
my dad and my mom raised three boys. My
mother taught school for a couple years.
My dad taught for 28 or 29 years. I
don't think he ever made more than 50
grand a year. He's 93 now. She's 88.
>> She's writing her fifth best seller. you
know, hey, if he watches this, he'll
he'll blush. But,
you know, he
it's the American dream. You know, you
there's simply no way you can't wind up
with millions of dollars over time if
you do what you're talking about.
>> I know that to be true. Now, full
disclosure,
the I am a proponent of all of that, but
I did get to a point where I started
looking at deals and opportunities that
I couldn't get to
that I liked, right? That I couldn't get
to through indexing. So, I started to
hedge and I started I I I kept my
indexes and I and I'm I'm still a very
conservative investor,
>> but I did find a guy who does the thing,
you know, and he's terrific. And
>> what does that mean? Does the thing? And
what does it mean to be terrific? Like,
what's he returning you? Is he just a
financial manager? Manager, a financial
adviser?
>> Sounds like he's hedging against maybe
overvalued market. He has the breakfasts
and and the dinners with the people you
would love to interview and they talk
all the time. He It's really at that
level. It's just a question of of
access. I don't time I I don't buy
anything that I have any intention of
ever selling.
>> I should be clear about that. I don't
sell stocks unless there's a tax
situation.
>> Yeah.
>> And it makes sense to harvest,
>> you know. Um, but no, I'm I'm still very
much about buy it, hold it, rebalance
your portfolio. But you do get to a
point where now for me, the bigger the
bigger question is, well, how much
powder really do you want dry in a
market like this? And and and why why do
you want the dry powder? Do you want it
dry so that when things truly crap the
bed and we and we see the 30 or 35%
correction that your portfolio only
corrects 18 16%. Is that why you got all
that or do you just like a sale? Are are
you just waiting to go shopping in a 30%
correction?
Most people I know they they kind of
know it's coming. They of course don't
know when.
But how do you think about it? That's
why that's why cookie cutter advice
sucks so hard. That's why it's so
dangerous. What you guys do is so
important, but it's also dangerous cuz I
don't know who's listening. And if Mike
Row circa uh 1990 QVC days is listening,
I don't want to fill his head with
anything other than patience,
lowcost indexing.
>> I just I just wouldn't want to do it.
But
>> I'm older than I've ever been and I I'm
I'm well set. My charitable giving is is
locked in. My foundation is solid, I
will never spend the money that I've
that I've earned. So, should that change
something?
You know,
>> yeah,
>> we get to decide. We We get to decide.
>> What percentage dry powder do you keep
in your portfolio?
>> I have to call my guy.
>> Is that how it is for you?
>> Who does the thing?
>> No, it's not that. It's
>> Well, you know what, ma'am? to my I am
not as focused as I was. And maybe you
used the C word earlier, man. It's it's
it's the only aside from character, the
only other Cword that really matters is
complacency.
[gasps and sighs]
And uh look, the mistake I made years
ago was rooted in trust and judgment.
And
I I can't tell you I've learned from it.
I've learned that I don't like when it
goes sideways and I've learned that
there are several ways that I can hedge
along the way and feel and feel better
about assuming more risk. But for me,
the exit door has always been the same.
I'm living right now
like I make maybe a couple hundred grand
a year. I own four pair of pants and
like five shirts. And most of those I
stole from wardrobes on various shoots.
I have a nice house, but I don't I I
drive a Ford Bronco. I've driven Fords
all my life.
>> Are you intentionally frugal, or is this
just what comes naturally to you?
>> Yeah, it seems like you don't like
owning things.
>> I hate it.
>> Why? [snorts]
>> Well, in the words of Tony Robbins, I
believe the more things you own,
>> the more things own you. Here you go.
Where are you going to put them? In the
words of Jerry Seinfeld, it's just
stuff. You know, you got a bigger house
now because you have more stuff. You got
to put your stuff somewhere. We have so
much stuff. We have to go to, you know,
private storage to put our stuff. We
just have stuff.
>> It seems you're naturally like this. It
didn't seem like you just listen to Tony
Robbins. It's like, oh, that click
this. I'm selling everything. All right,
that's it.
>> I came by it honestly. My my my dad is
very
parsimmonious.
But the trick is it's like comfort, you
know, if you have to teach thrift,
if you have to teach it and and you have
to convince somebody, right, that they
should hold their nose and endure it,
you know, it might work. It might, but
long term it it really doesn't. It's
more like the seals, right? You know,
when they talk about adversity, it's
it's not enough to endure it. You have
to embrace it, man. You have to embrace
the suck. And then really, I think I
said it earlier, but I but I believe it
to be true. The code to crack is not the
code that allows you to endure adversity
or discomfort. It's the code
that permits you to love it.
like really genuinely like it.
>> And how do you crack that though? How do
you get to a point of wanting to seek
out the hard stuff?
>> You reframe it. It's not hard. It's a
lot of people would say, "Look, it's
really hard to be able to afford my
dream car and then affirmatively not buy
it, but instead take that money and put
it in a lowcost indexed fund."
What do you say to that person? You
know, it's like you can hold your nose
and do it and chalk it up to forbearance
or discipline or some other thing that
frankly is a tough cell in a world where
nobody wants a lecture or a sermon,
right? Or you can say, "Look, man, you
need to rewire
your your whole deal. Like, what do you
associate winning with? When do you feel
like the smartest guy in the room? And
this is look, I'm not a shrink, but I a
lot of that's comes down to living on
the outside of cool. And growing up, I
had no problem doing that. I was a boy
scout, an Eagle Scout, not cool, but it
gave me an incredible insight into
uh all these things. you know, the Boy
Scouts were the first guys who who who
made me raise my hand and make a
promise.
>> It mattered, you know. Um, so yeah, I I
early on
I stopped caring
about what most of my friends thought. I
sang in a barberh shop quartet. Dude,
how un
>> But you're a good singer. Yeah, but if
if you're looking to get laid, right,
and you know, you don't you don't put on
a straw hat and hang out with a bunch of
>> It has to
I mean, that's so unique.
>> We're talking about skills, dude. I
don't think it has I could be wrong here
and correct me if I am wrong. I don't
think it has so much to do with your
interests. I think it has more so to do
with your approach towards your
interests and your demeanor. Like if you
have a certain level of canandor and you
you don't you don't care about things,
you'll you'll say things that you want
to say, speak your mind, do the things
you want to do. That's the best possible
thing you could do
>> in terms of attracting people. Yeah.
>> Yeah.
>> Well, look, I mean, you say it
>> or getting nipple deep in in poop and
feather.
>> Yes. Take the reverse commute. Be
surprising.
Not for the sake of being surprising,
but that that that's the trick. Look,
[sighs and gasps]
if you want to be truly authentic, you
can't focus group the room and decide,
okay, based on the research, here's what
girls find authentic. Do this, this,
this, and this. You'll just be another
guy who wrote another book, and maybe
you'll sell some, maybe you won't. But
that that's not what authenticity is.
It's it's it's something else. And it's
really hard to identify. Like I I I
fumble around this a lot when I will
like when people ask me this is another
great question. Who do you work for?
Like who do you really work for? You
start asking people that who sit here,
you'll be amazed what you hear. Some
will say Jesus Christ. Some will say my
wife. Some will say the man who signs my
check. Some will say the sponsors. You
know, some will say what I typically
say, which is the audience. I work for
the audience. I never really worked for
CNN or Discovery or for really anybody
who ever paid me. That was just a sort
of a a direct transactional thing.
I work for the people who watch me and
listen to me. And so if you believe that
to be true, then how do you not annoy
them? Well, if you work too hard to
please them, they'll hate you
because they'll see it as pandering and
they'll see them trying to do a thing
that you think they'll like and they'll
like it for a while, but ultimately
it'll chap their ass. Now, if you ignore
them,
right, they'll take that to heart, too.
Nobody wants to be ignored to that
level. So all of it comes back to
dating. All of it comes back to, you
know, why do you admire the people you
admire? Why do you like the comedians?
You know, like who's your favorite
comedian?
>> Tim Dylan. Chris Dylan is is funny.
>> Tim Dylan is freaking funny. Here's what
I think about Tim Dylan. I don't think
>> Eddie Murphy.
>> Eddie Murphy at his heyday.
>> Yes. I I'll send to Tim whatever you're
gonna say. I don't think Tim Dylan is
concerned with amusing anyone other than
himself. And I think when he does it,
people love him and they go along for
the ride.
Now, I don't know if that's how he
really thinks about it, but my
hallucination with all my favorite
comedians when I watch them doing their
thing, I don't think they're directly
trying to make me laugh. I think they're
trying to amuse themselves in a way that
if I can relate to it, I've just become
a fan. And that's the closest I can get
to
like what's persuasive. If you're trying
to to to do a really meaningful podcast
that could seriously impact the way a
person invests for the rest of their
life, what's your duty of care? How how
can you balance the challenge of being
persuasive and honest without painting
with too broad a brush and
unintentionally
causing some consequence
because the person listening at this
particular time didn't need to hear what
you were saying. They needed to hear
something else. You because you'll never
know.
>> Mhm.
You have to constantly
kind of check yourself. I think, you
know, I and and I think a good host, a
good comedian, a good singer, a good
performer, a good podcaster,
they are they're all going to wrestle
with the relationship with their
audience in some way. If you are a young
man and you feel lost and this is
typically I know associated with like
the manosisphere red pill space but this
is definitely an issue that a lot of
people are facing. They feel no purpose
in life. They don't work a job. They
don't have a relationship. If you're
that person you're listening to this
right now. if they were to follow the
micro method of how to get purpose in
life, what to do, how to make the right
decisions for themselves, who to listen
to, how to find a mentor, what is needed
to live a good life.
>> Let's just say if you had to be
dogmatic, what would you say?
>> Well, that's a lot, dude. Uh but again
with all the cautils and caveats baked
in with the broad brush and so forth,
I'll tell you that I wrote this thing
about 12 years ago called the sweat
pledge. Everybody who applies for a work
ethic scholarship has to sign it. It's
hokey. It's controversial. It's
uncharacteristically earnest.
Um but it's non-negotiable. You have to
sign it. 12 simple statements of belief
that I genuinely
feel helped me enormously
along the way. Um, if you don't like
something on the sweat pledge, which is
not unusual, it's cool. We can still be
friends and everything, but you know,
this particular pile of free money is
probably not for you. So, the answer to
your question is is really what's on the
sweat pledge. Like the very first tenant
just for instance it says uh I believe I
have won the greatest lottery of all
time. I'm alive. I walk the earth. I
live in America. Above all things I'm
grateful.
So if you believe that
then
the next 11
won't be too hard. But if you don't
believe that,
everything gets a little wobbly.
And so the guy you just described,
I don't think believes that because you
can't feel lost or put upon or
victimized
if you fundamentally
feel grateful.
And if you can't feel grateful
because of the miracle of your
existence,
if you can't look around the world at
all the other countries and all the
other
governments and all of the other
attempts to create a civilization and
feel grateful that you were born into
this one, but I I just start there. Like
if you if you literally can't wake up
and go, "My god, this can you freaking
believe this? Can you believe it? 10
fingers, 10 toes. I'm walking. I'm
thinking, I'm singing." You know, I got
like if if if you just can't take a
rational inventory
of your blessings,
then
uh you are susceptible
to all the things you've described. I've
just never met anybody able who's able
to feel sorry for themselves, who
fundamentally feels grateful.
>> I 100% agree with that. And that's the
first thing that I usually tell people
if someone confides in me or, hey, I'm
going through something. I always say,
hey, look, it's really hard to feel sad
for yourself and gratitude at the exact
same time.
>> It's not hard, it's impossible. And when
I practice gratitude, because I still do
this quite often actually, I make sure
it's never anything that I could be
suscepted to to be removed from, to be
parted with. So, for example, like I
don't even go so far as like, hey, I
have 10 fingers and toes cuz I could
lose one.
>> You bet.
>> You know what I mean? Like I I I never
100% never say I'm so grateful that like
I make x amount of money. Of course I
am, but that's not what I'm going to
attach my gratitude to. Like I want to
attach to something like I'm grateful
that I exist. You know what I mean? That
I have the parents that I have or had
the parents that I had that that I was
born and raised in the way that I was.
Look, man, I I I wish that were a new
idea. I wish we could take credit for
it. What we can do is say that's not
popular right now. It is not popular. I
mean, this country just turned 250
and so many people are just twisted up.
They can't feel good about it. They
can't enjoy it. They've they've bought
into an idea that they're living in a in
a state of corruption. And that's not to
say there's we got plenty of corruption
to talk about. You want to talk about
money, talk about fraud. I can't think
of a more important thing to fix in the
country than the squandering of taxpayer
money, honestly. [gasps]
But I it's just it's it's a choice, you
know, and it it's a choice. And if you
can't if you can't take a minute like to
really reflect on
>> I don't know
the American dream. Do you guys talk
about that on the show much?
>> Yeah. One question that we used to ask
every single guest on the podcast, I
suppose we could ask it to you as well.
If you are broke between the ages of 25
and 40, you have no kids, no physical or
mental disability, whose fault is it?
>> It's 100% mine.
It's my fault. If I'm between 25 and 40
and I'm broke,
>> no physical mental disability, no kids.
>> Yeah,
>> usually we get a range where people
would say, "Oh, maybe it's 70%."
>> That was the most resolute answer I
think we've ever had. The sweat pledge
is not for everyone, but that's another,
you know, tenant on there. I mean, it's
it's my past does not equal my future. I
I am not I am not the product of my
circumstances.
I'm the product of my choices.
Now, I get it. It's easy to say,
especially at this point in my life,
given all the things that we've that
we've talked about. But what's more
empowering?
Like what do you really want to tell
somebody? Like if you can really change
somebody's state, do you want to
convince them that they're in the
condition they're in today because of
their circumstances
or because of their choices? Because you
it's very difficult to change your your
circumstances and it's impossible to
change your past, but your future has
nothing to do with that. You are free to
do all kinds of things. Now, to our
earlier point, some of those things are
going to make you humiliated. Some are
going to be hard. Some are going to
hurt. Some are going to make you just
question everything. They're all going
to make you uncomfortable.
But if somebody's
trying to live their life with a
playbook that says discomfort is the
enemy
and that your circumstances are to
blame, how do like how would they ever
get out of it? It might take some
personal responsibility out of the sting
of the moment.
>> Why do you think people don't want to
hear your answer to that though, that
it's their fault?
>> Well, I mean, you'd have to ask them. I
think look nine out of 10 times it's not
the message you know it's the messenger
and I think maybe there's a lot of
people who don't find me terribly
persuasive happily some do but again
nobody wants a lecture nobody wants a
sermon
and nobody wants to hear from a
60-year-old guy who's closer to the end
of his career than the beginning that
this is the way you've got to do it
little camper suck up and eat your peas.
No, they don't want to hear it. It's
exactly what we were talking about
before, which I think is going to be the
most for me the most important thing
we've talked about, which is
what is persuasive,
when is it persuasive, to what degree
does the messenger affect
the message? I'll tell you when it like
when the when the scales fell from my
eyes and I knew that we had entered a
totally different time in this country.
I could tell you the exact week. It was
2015.
It was summer and I went and did an
episode of Real Time with Bill Maher.
Killed it. Great crowd, big audience.
Delivered my message. It was very much a
microworks message. Reinvigorate the
trades, etc., etc. 3 days later, same
exact conversation with Glenn Beck. Now,
I went home at the end of that week and
opened my computer and started looking
at the socials, see what's up. Holy,
man. I I can't tell you.
My buddies on the on the right
completely lost their minds when they
saw me sitting next to Bill Maher. They
just lost their minds. And my buddies on
the left, their heads exploded when they
saw me sitting next to Glenn Beck.
Nobody talked about what I said. Nobody
talked about the fact that I reached
millions of people in both of those
audiences with a message that was
important to me and I think maybe
important for the country.
>> Mhm.
>> Nobody was interested in the message.
They weren't even interested in the
messenger, which was me, which was weird
cuz these people follow me online. What
they were interested in is the proximity
of my interlocutor.
And that was a problem. How could you
sit next to that son of a [ __ ] How
could you sit next to him? How could you
how could you normalize blah blah blah
blah blah blah blah? And that to your
question that that's the world that
guy's living in. You know, everything is
toxic. Well, not everything, but half
half of everything is toxic. So, you
know, those are the times, you know, you
must be this tall to get on the ride,
you know, and and we are. We're on it.
And now you have to think about who
you're sitting next to, not just what
you're saying. At least that's what
you're told. I I don't have the energy
for it anymore.
>> Do you think we've become more divisive?
>> More divisive than what?
>> The past,
>> like 1865, 1861. I would probably
compare it to 20 years ago.
>> No. Nope. I think the country was in
much
graver
shape
in 1860.
I think at the height of the civil
rights movement, we were really
fractured. I think um oh man I think
there are many many many many occasions
where things were much worse than they
are now. What's different now honestly
is uh access
I can I can pick up my phone if I can
find it and I can you know I can tell
you I can all the trouble in the world
man it's right there. It's right there
on your phone. We can we have a constant
diet, endless reminders of how divided
we are. That guy I mentioned before,
Todd Rose, End of Average is great, but
the one you want to read is called
Collective Illusions. And Todd, again,
his think tank excels in private opinion
research. So, he spends a lot of time
trying to figure out what you really
think, not what you would say in a poll,
not what you say when you're
interviewed, but what you what you
really and truly believe. Right. And
Todd reckons the biggest enemy we we
face in this country right now is the
threat of the manufactured
consensus. like the idea that 80% of all
the content on X is generated by 20% of
the people there and what you learn when
you ask people whether it's their
investing [clears throat] thesis or
whether it's their views on sex or or
immigration or down the list it goes.
You can't trust them. You can't trust
them to tell you the truth about how
they really feel. And that's a shame.
But the good news is that what comes out
with all his research is how much we are
not divided and how we have just been
constantly reminded and and told that we
are. And look, and I I think that's
super encouraging that there's another
book that makes the case really well,
too. It's called Everybody Lies. And in
this book, the author gets the keys to
the kingdom of Google data. and he gets
to look at the details of every search
conducted
over the last however many years it was
5 years. There's hundreds of billions of
searches, right? And the thing is
you can't lie to Google when you go
online to find something. You have to
ask it specifically what what you want.
And if you can step back and like
triangulate all that data with the
demographic information of the person
who's conducting the search as well as
their ethnicity and where they live and
their economic strata, all that stuff.
They they have all that. When you start
looking at what people
truly think about a thing based on what
they search for, you get a completely
different template of who we are as a
people and a country. And it's not it's
not being reflected
virtually anywhere.
>> Yeah, I would completely agree with you
on that.
>> So, be of good cheer. You know, it's not
it's not great right now. Obviously,
people are, you know, twisted up,
but it's not real. It's not as real as
certainly as it was in 1859
and 1860.
>> How do you know how honest to be? Like,
are you only ever maximally honest?
>> No, I lie. I lie a lot personally. I
mean, not a lot.
>> How do you How do you determine when
you're going to lie versus when you're
not going to?
I don't consciously lie about anything
consequential that I know of.
Um,
but beyond that, you know, lies of
omission are probably more telling than
overt stories.
>> Is there anything you omitted from the
podcast so far?
>> This podcast? Oh, sure. I mean, we've
only talked for what, two hours. I've
emitted a lifetime of truths, you know.
Look, think about this is amazing, man.
This is I mean this podcast landia, you
know, I mean it came along at such an
interesting time. Actually, I take it
back. It didn't come along. It was
birthed as a direct result of endless
sound bites and surfacy scratchings and
curiosity being teased but never
fulfilled. You can't do this. You
couldn't even do this on Charlie Rose
once upon a time. You certainly can't do
it on the evening news. I don't know
where the truth ultimately resides. But
I tell you what, what I said to Joe
Rogan last year was, you know, anybody
can come on a podcast for a half hour
and show you the version of themselves
they would like you to see. Maybe even
an hour, hour and a half,
two
[laughter] after hour two, for better or
worse. you you get at something that I
don't think most public people would
ever you know they haven't been at least
until recently they haven't been used to
revealing
the kind of thing you can get in a long
form conversation.
So the positive news is like for the
audience that's great man there's a lot
of truth out there to be had. The
problem is they're 5 million podcast
and now I think a lot of the anxiety
that the guy you were describing before
might feel at least maybe I'm projecting
but it's it it's annoying man how much
how much I don't know and it's it's it's
just a fire hose of information and and
a lot of it's really good just can't get
to it.
>> What's something that you wished that we
asked you? I wish you'd ask me about my
mother.
>> What about her?
>> It's none of your business.
[laughter]
>> Uh, I'll tell you about my mom. uh you
know I to the extent that I have a
business and a career I've spent it
talking about work ethic and trying to
shine a light on you know the people I
meet who I
who I admire and the people in my life
who have impressed me and have prospered
as the result of being uncomfortable and
and mastering a skill that's in demand.
Right? that that that's what I do and
I'm okay at it and I do it a lot. But my
mom is a writer.
Her name's Peggy Row and she wrote every
day for 60 years. All she dreamt of was
being a um a New York Times bestselling
author
>> and she's a good writer and she wrote
unauthorized biographies about strangers
she ran into. She'd write him every
single day. Well, that's her now
>> calling me. She can wait. [laughter]
>> Um,
>> you could tell her that she could say hi
on the podcast.
>> That would She's like, "You never My mom
comes in hot. I wouldn't trust it."
>> Um, but
I mean, I watched her give up on her
dream after maybe 30 years of writing.
She got published in like newspapers and
magazines once in a while. You know, she
writes stories about horses, which you
grew up with, and people would write
those stories in these little horsey
magazines. But she kind of gave up on on
being a published writer, but she never
gave up on writing. Every day, this
woman wrote when she was 79,
she wrote a short story to me because
she was pissed off that I didn't take
her phone call and she had something
funny she wanted to tell me. So, she
wrote this story about losing a her her
big blue purse at the local Walmart and
the crazy hilarity that happened in the
wake of my dad who can't hear so good
dumpster diving trying to find this
purse and all this crazy. So, um, it's a
funny story and I read it on my phone
and posted it on Facebook and then I
flew off to do some dirty jobs or
whatever. And uh, when I came home, the
story had been read
uh, 70 million times.
>> Wow.
>> 70 million times. And so among the many
calls that I got were publishers who
were like, "Hey, you your mom's a
terrific writer." I'm like, I know. And
uh one of them said, "Get her to write
20 or so stories like that and just put
you in them, right?" So, we have a hook,
you know, and I called my mom and said,
"Hey, you're not going to believe this,
but I think I got a publishing deal. All
you got to do is write, you know, a
couple dozen stories like that. Just put
me in them." And she says, "Michael, you
know I have two other sons, right?"
I'm like, "Mom,
give me a break. We'll deal with my
brothers later. do what the publisher
says. She goes off and she writes 20ome
stories. I'm not in any of them. They're
all they're all about my grandmother,
her mom. The book is called About My
Mother. And it was about growing up next
to her parents and the impact that they
had. And the stories are freaking funny,
but publisher wouldn't touch them. Long
story short, I printed 10,000 of them
and put them on Facebook and they sold
out in a week. publisher called back and
said, "Okay, all right, we'll take it."
About my mother on her 80th birthday
goes out, Simon Schustster takes it,
goes to number six on the New York Times
list. Number six. She's written four
bestsellers since then, one every two
years.
So like today sitting here I and driving
over I was talking to her and you know
you think it's like you got your
business down you got your whole you got
your stories down you understand
whether it's the foundation like you
like I got it I cracked that code
and right in front of me the whole time
is the ultimate work ethic story the
ultimate story of patience and
discomfort and persuasion.
and stubbornness and disagreeability
and integrity is my mom of all places.
My mom a woman who finally gets what she
always wanted at 80.
So I don't know investment advice, life
advice, writing advice.
Nobody's got a nobody's got a playbook.
Not really. All we can do is fumble
around and look for the best examples we
can find and be as honest as we can and
share the stories you have.
>> That's incredible. I don't know how we
top that.
>> Yeah.
>> Well, I mean, you still got a lot of
notes on your phone there. What else
were you thinking?
>> Well, speaking of mothers, my mom um
growing up, I would us as a family, we
would watch a lot of Dirty Jobs. My mom
had a huge crush on you. How huge?
>> Uh, I mean, enough to probably bother my
dad.
>> Interesting.
>> But I I don't actually think he cared.
It was kind of like a joke. Like me and
my brother would always go, "What's
what's Mike Rose on the TV again?"
>> What's funny though is he says this to
me and I say, "Wait a second. Your dad
kind of looks like you."
>> Yeah, a little bit.
>> There it is.
>> Your voice is a little deeper
>> and you're I I looked it up and I think
you're like exactly 15 days younger than
my dad. Well, thank you for sharing
that. That's freaking awesome to hear.
>> Could you Could you FaceTime your mom?
What would you
>> You know what? Yeah. Yeah, I probably
could.
>> Yeah, I'd like to meet this woman.
What's her name?
>> I don't know if this is a good idea. No,
I think it's [laughter] fun.
>> Uh, her name's an
>> How long you guys been doing this?
>> Seven years.
>> Yes, seven years.
>> Unbelievable.
>> They're in Hawaii right now. And in
fact, I'm going to go meet them.
>> He's flying out after this to go to
Hawaii. What island?
>> Maui.
>> Oh, she better pick up. This is the This
is her opportunity.
>> She could be at the pool. And I hope
she's enjoying her time. If so,
>> well, if not, call her voicemail. Let me
at least leave a message.
>> Oh, actually, no. Better yet, let me
make a video for you.
>> Yeah. Yeah. Yeah. Hey, Mom. I have uh
someone who wants to speak to you.
>> Ann, are you kidding me? Where you been?
I can't believe I've been talking to
these guys for over two hours and you
don't you don't show up. There's no
appearance.
>> Hype up my dad. Say something about him.
He's a good guy.
>> Your dad? Here's the thing.
He's no micro. [laughter]
But he's a good guy. Stay with him. Just
give it another 10 years or so. One of
these days, you and me, our time will
come. But for now,
stay with the old man.
>> You heard it here. Amazing. She's gonna
She's gonna love that. [laughter]
>> We'll see.
>> They actually You actually do look a lot
like my dad, which is just also insane.
>> We'll put a photo right here and be able
to see the resemblance.
>> Dude, it's I mean, I can't tell you how
weird it is to be like walking through
SFO yesterday as I was. And I mean, it's
still super gratifying to meet people,
you know, who who like the show and they
say they say nice things, but to meet,
you know, how old are you guys?
>> 27. 36.
>> 27 to 36. Yes. You're 27, man. That that
Dirty Jobs went on the air when you were
five.
>> Mhm. [clears throat] It was like this is
like this is what one of the first TV
shows I watched. Like I that's why I'm
having a hard time remembering it as
clearly as Graham was. But I watched
basically every episode as a family. We
watch like reruns and everything.
>> I would watch it with my grandma. It was
one of her favorite shows. And her and I
would sit there watching the show.
>> She probably had a little crush, too. At
the same time,
>> I bet you drove a lot of middle-aged
women crazy.
>> Well, dude, I mean, what what is going
on with the with the female of the
species? Like, why why would it why? I'm
covered in other people's crap like 90%
of the time. You know what?
>> It's the voice. It's got to be the
voice. I think it's the voice, but I
also think it's the demeanor. I think
that it's like your your lack of concern
for whatever's going on. You know,
you're, as they say, like you are the
the calm sand or rocks of the, you know,
crazy waves crash upon and you just sit
there.
>> Like I was 42 when when I pitched that
show. Now, had I done it when I was 32
or 27,
I would have been able to do it for a
lot longer. It wouldn't have hurt nearly
as much. But you know what? It would
have it would have consumed me. It would
have I wouldn't have been able to handle
it.
>> How so?
>> I'd had 15 years of living like Travis
McGee. I was very comfortable in my own
skin. like I had enough time to figure
out for better or worse
who I was. And even though my whole
business model went upside down, I was
in a very like
sanguin place when I was 42. When I
realized that show was a hit and that it
could be a big hit if I tended to it,
I felt like I was able to make a really
um grown-up decision and just decide,
look, you have a clear way forward, but
it's going to require you to take the
pie in the face. It's going to require
you to stop being some version of a of a
host. And you're going to have to be the
apprentice. You're going to have to be
the guest. So, you're going to have to
step back from all of that and you're
going to have to live on the road for a
couple years, more than a couple as it
turned out. You know, like 300 days a
year. So, it it was uncomfortable.
But
dude, I mean, if look, if it took us
over 2 hours to get to this place, then
it was worth it because every single bit
of misery, discomfort, all the con
concussions, the contusions, the
stitches, the broken fingers, the
crushed toes. Like, that show was
violent and it hurt. And I was away from
people I loved a lot. Wouldn't trade a
minute. When's the last time you put
yourself in serious discomfort?
>> Counting today.
>> Sure.
>> No. Uh,
>> sitting across from this guy for two
hours.
>> Well, you know, serious physical
discomfort. I'm shooting tomorrow all
day outside in Las Vegas. It's going to
be 107. It's going to be uncomfortable.
It's going to hurt. Um, but look, in
relative terms, there's a long list of
stuff I did on Dirty Jobs I'll never do
again. You know, I'm never going to test
a shark suit. I'm never going to go in
an opal mine again. I'm never going to
do things that scared the absolute be
Jesus out of me. You know,
>> was there anything you wouldn't do? The
only thing I ever passed on,
uh, I passed because I I couldn't see
how there would be any opportunity for
humor. And the job was a body farm
technician.
>> What's that?
>> CSI stuff. Like, what does a body look
like that's been in the trunk of a pinto
>> for
three and a half weeks,
>> right? You need to know that if you're
going to really investigate
myriad crime scenes. So, what you do is
you get a pinto and you put a body in
the back of it and you put it in the
aafalia swamp for 3 and 1/2 weeks and
then you pull it up and then you look at
it and start poking around like you
that's a real job. And so body farms are
these places where human cadaavvers are
subjected to
any kind of circumstance you can imagine
and plenty that you can't for the
purposes of experts coming in and
evaluating the uh situation.
I just didn't know how I could make that
light-hearted.
It's weird. You know what's so weird is
that I remember hearing a story about
this a few years ago where a family sued
because their grandparent accidentally
>> got mixed in.
>> Got mixed in and was blown up.
[laughter]
>> I kid you not. You can We're
>> That's of all of the things.
>> But that's blown up.
>> It was for science. It was for science.
[laughter]
>> Dude, that is not science. We know what
happens when things get blown up.
>> Yeah. Like when I when I checked the
organ donation, I'm like, "This is not
what I had in mind." You know,
>> they were testing some explosive.
>> It was the terms and conditions on the
new Apple update. That's what it was.
You always have to read.
>> Let me show the article here cuz because
I believe they they rightfully
>> that just that literally sounds like,
"Oh, we got all these extra bodies."
Like, what? All right, let's just
>> let's go to the desert. Let's go out to
BLM land. Yeah. Bring
a load of this. Yeah.
>> Check this out.
>> Are you filming? Hey, how how many
people in your audience typically listen
all the way to the bitter end?
>> 21%.
>> Yeah,
>> that's not bad.
>> It's pretty good.
>> But it's actually it's it's more if it's
audio listeners. It's probably like
about 50 to 60% on audio.
>> Yeah. Same with me.
>> Yeah.
>> Isn't that crazy? Why? Like why is that?
Why does the audio listener have a
deeper commitment?
>> It's because of the different situations
that the viewer is in. If you're if
you're watching the podcast, then
realistically you're going to be sitting
on the couch or you know watching it on
a television. You're going to be in some
you're going to be in a different
>> or it just gets recommended and people
say, "Oh, let me click on this." They
watch the first minute and they bounce.
>> The continuous needs of a viewer are a
lot lower if they're just listening.
They'll just be at the gym. They'll be
in the car driving, commuting,
something.
>> Who do you listen to? Who do you like?
>> Tim Dylan. I would say I love Chris
Deia. Um I mean I the thing is I went on
such a huge podcast and like education
binge for about 5 years that I felt like
I read a lot of the things that I that I
kind of needed in order to like be
more closer to self-actualized than I
was make enough progress there. Uh and
so I just did that for five years. Like
I read a lot and I listened to like a
bunch of like Modern Wisdom, Diary of
CEO. I don't even know every podcast.
Joe Rogan
>> who started this.
>> I would say we both did it was Jack's
idea initially. I had a YouTube channel
talking about personal finance.
>> Yeah.
>> And I did that since 2016 and then Jack
and I started working together in 2019
and in 2020 he comes to me with the idea
of starting the podcast. And I said
sure. We had a dining room table at the
time and we would just put the mics on
the dining room table. At first it was
just him and I. And then we thought,
let's get our buddies in here.
>> Were you locked down at the time?
>> Yeah.
>> Yeah. And so we got our friends and so
we started that and it started to get
decent viewership and
>> our friends were like YouTubers or they
had some sort of like fan base that we
could also tap into. But yeah, then it
ended up growing and we did focus mostly
in the beginning on finances, but then
as time had
>> I mean you can only talk so much about
lowcost index funds and the same thing
over and so it's like okay
>> I guess Dave Ramsey can't like he still
has his fan base and all but we decided
to branch out and get a little bit more
into like weightlifting or we talked to
doctors on the podcast, we talked to
psychiatrists. We talked to Eastern
western medicine a bunch of
>> It's so funny I think how And by the
way, not to hijack the interview, but
you guys come on mine sometime.
>> Yeah, that would be really fun.
>> And you film in Santa Monica, right?
Yes.
>> Yeah, come to No, that'd be great. Um
I'm only doing one a week, but typically
I'll come down and like do,
>> you know, seven over four or five days.
>> And it's really taken a crazy turn. I
just had um JD Vance on.
>> Yes.
>> Which is bananas. Um, and so I'm not I'm
not really sure where it's going, but it
started so differently. Like I was
writing these 8-minute historical
mysteries like in the style of Paul
Harvey's old show. Something you didn't
know about somebody you do and you get
to figure out who I'm talking about as
I'm reading you the story. And that's
that that's how the way I heard it
started. And then same thing, we were
locked down and my producer's buddy I
went to high school with and we're like,
you know, my man, it's it's hard to
write good stories, especially short
ones. It's easy to [ __ ] for an hour.
And so people started listening to us
talk about the stories that I had
written. And then I started to bring in
guests to tell me what I got right and
what I got wrong, like actual experts on
the topic, right? And then it just kind
of became, you know, this very similar
to this, but it's a weird world and I
didn't get into it on purpose, but I
just don't think it's something you can
ignore.
>> Yeah. I think what would do really well
for you, and this is something I've
wanted to do as well, is you do a Dirty
Jobs, but like a podcast version of that
where you have people who come on who
talk about their careers and what
they're doing, but in podcast format.
Yeah.
>> And you listen to their story. How' you
know be a sheep shaver or like just
random careers that do well and you get
their story. I would love to hear.
>> You know who did a pretty good take on
that was Theo.
>> Yes. Yeah. The the garbage truck guy was
awesome.
>> Taxi driver needed one as well.
>> Yep. Yeah, you're right. I should
probably I I I should probably make it a
little more a little more targeted. I
would be targeted but focus on the
education and just screen people who are
good on camera and who just talk well.
>> That's
>> and usually on a phone call you can have
a producer or something weed through the
people and get the the ones who are just
good. Yeah.
>> Who are funny, kind of interesting. You
know, I think at the time when I I did
kind of look at that and think about it,
but I I felt like maybe it's Dirty Jobs
Light and maybe I don't like real fans
of that show, believe me, the minute I
started to step back and not let the
shark actually bite me through the
through the suit or or whatever it was,
people like, "Oh, okay. You're getting
you're getting lazy, you know." And I
thought that would probably be the
ultimate uh capitulation,
but scrum. Yeah,
>> I would just call it not as dirty jobs
or not so dirty jobs or something like
not as dirty jobs.
>> Not as dirty.
>> I think I think it depends on your
answer to the question we spoke about
earlier, which is who are you working
for
>> which you said the fans
>> but then again or the audience but then
again you just said screw them. So it's
which I I don't actually think you truly
mean that of course but
>> well there's the audience who listens to
your show and like and in my world there
is the the the great unwashed I mean
like like the masses and you know it's
it it's hard to to separate them too
directly but you have to like you you
have your audience and then you have
this giant ecosystem.
>> What would you be most interested in
doing? Well, for me, I I actually really
like the format, and I would like to be
doing more of it, not less. But I'm
still in the same business model that
I've always been. And that that model is
me and Mary keeping half a dozen plates
spinning. So, I'm the guy at the buffet
that filled his plate and then saw the
prime rib at the end. that was like,
"Oh, that's really good, but I got to
throw something off the plate." You know
what I mean?
>> So, if I assume this is a big rock in
your world.
>> Mhm.
>> Right. So, you know, the way I heard it
gets its share. It's it's doing great,
but it's as described. You know, I I
take it I go down there for a week and I
get a month's worth of stuff out of the
way, maybe more. Um, and then there's
speeches and then there's books and then
there's endorsement deals and then
there's a TV show back in production and
then more than anything else there's the
foundation which has become like the sun
in my solar system. So
everything is connected and I I don't
know how to make the podcast any bigger
than it is without walking something
else behind the barn and shooting it in
the head. and I I don't really want to
do that yet. So,
>> I think you could take your existing
format but turn it into dirty jobs
adjacent and I think it'll do really
well.
>> You know, you're you're probably right.
And it the the lowest hanging fruit is
just to go back
and talk to like where are they now?
Like the sheep castrator.
>> Yeah.
>> Who used his teeth? Bring him on to see
what's up, what's new. And I've done
that.
>> Bring them back. Do it again.
>> I find a sheep that needs it done.
>> Bring them in. break.
>> No, you don't even need him. You You
have the skill.
>> No, it's true.
>> Do it every Tuesday. And if there's
anything we could help with, by the way,
like I love anything podcast related,
like anything strategy, title,
thumbnail, guest format, like all this.
I love it.
>> I You know what? I'll hook you up with
my producer, Chuck, who we've been
working together for for years. And, you
know, he's an old dog. He could use some
new tricks, and so could I. You know, I
I kind of force gumped my way into this
as well. But um look, it's fun and it's
the future and I I I really do believe
it it's the place where people will
will come to find the truth, whatever
that is.
>> Yeah. Until AI just wipes us all out and
uh takes over the podcast.
>> Hey, have you listened to Andre on
Rogan?
>> Yes, I did.
>> Like last month?
>> Yeah, the recent one. I would recommend
that to anybody who wants a uh I guess a
slightly more bullish take on what might
be happening. You know, back to that
manufactured consensus thing. That's I
think something's going on in this
country where 75% of the people are
basically holding a negative view about
AI and data centers.
And in China, it's 85% positive.
And the senators I've been talking to,
including the VP, are like, "Oh, yeah,
there's a giant campaign driven by bots
and all kinds of fake material that has
inundated Tik Tok and other platforms
that is designed to sew
a level of uncertainty around that topic
in this country." And um I don't know if
it's true or not, but but but a lot of
people are saying that you're looking at
a manufactured consensus
right now around that topic and we don't
we don't yet quite understand. There's
so much out there though that could be
easily manipulated
and like half of it is just marketing
and the other half is just like oh this
this group over here doesn't like this
group and they could run ads or they
could promote like Reddit I believe is
like half bots. Oh my god.
>> And the front page is completely just
manufactured stuff to get an idea
across.
>> Well, look the thing that worries me
more than anything is is also the thing
that encourages me. I think the greatest
scene in the Matrix is when Cipher is
eating that steak and he picks it up on
the fork. He's like, "I know. I know
this is only in my mind, you know. I
know that it's not real, but after after
10 years of this [ __ ] I want to
stay right here cuz it just tastes
delicious." I think that a big part of
AI is going to be about
I I think it's going to usher in the age
of the umpire, the the authenticator.
Like we we need a ref
and we're going to need to know if that
stake is real or not. It doesn't mean
that we're going to reject it if it's
fake, but we're going to need to know.
At least some people are. In fact, we
may have already been there. Like the
whole Impossible Meat thing, right? The
Impossible Burger didn't work, you know,
but it might have had it tasted better.
And we're just not going to know, you
know, the what is it like 20 of the
songs in the top Spotify
>> AI.
>> That's not the creepy part. The creepy
part is they all have artists attached
to them with faces and Instagram pages
with hundreds of thousands of followers.
Now, do you care that the song you're,
you know, jamming out with was AI or
not? I don't know. But what about the
picture on the wall? What about that
Picasso?
Turns out it's not. Do you care? Some
people will, some people won't. Right
now, there are five scams on Facebook
alone with me in them. And like Morgan
Freeman has the same exact thing going
on where a brand
aligns itself with me. Somebody puts
words in my mouth and I announce that
Yeti is turning 50 and the first hundred
callers get a cooler packed with their
favorite beverage. Giant fishing
expedition, right?
>> Facebook can't get them down. They just
they just can't make them go away. So,
there scams now with like DeWalt and big
tool companies and very familiar brands
with familiar faces. And it's just all
just all bull crap. So my my worry is
that the default position
online is going to become not why why do
you believe it, but why would you
believe it? Like why do you why do you
start with the assumption that oh you
know that might be AI? You'll just get
to the point soon where it's going to be
I have absolutely no reason to believe
that anything I'm looking at is real.
I mean I I
>> that's why we need an authenticator
online like some sort of badge or like
some sort of like
>> Well, X has that like X has like the
reader added context or the community
notes that says this super
>> of course not always. It's pretty
accurate. TSA though, you know, some
grading company out there who just says,
"Hey, we put our stamp on this. This is
100% real."
>> But you know what's funny, man? I was
just in this booth narrating uh the last
couple episodes of Deadliest Catch for
this season, and I had the same
conversation with the producer. It's a
big storm on the Bearing Sea. big big
waves, you know, and I'm like, so
what are you going to do to let the
viewer know that you didn't mess with
this? Like that's your whole trust, your
whole thing is like like you're getting
and he's like, I've I've already talked
to the network and yeah, they're like we
should we want to put up not a
simulation. No AI was used in the making
of this. I think you're right. I think
that's I think that's what it's going to
come from. Pretty soon your voice could
just be AI and then you license your
voice out and then they don't even need
you.
>> Have you seen speechify?
>> Yes.
>> I mean that's it. I my like voice over
that I made my living in voice over
years ago anonymous like non sele
voiceover work. You make a great living.
Those days are over man. Non-sele
voiceovers are are finished. And
somebody just sent me a a file. They
said, "Narrate
um my oh, it was a wedding speech
>> as Mike Row doing an episode of
Deadliest Catch." And I listened to it
and I swear had I not known what it was
and somebody said, "Here's something you
did like 9 years ago. Do you remember?"
I'd be like, "I don't remember, but
obviously I did it."
>> That's a It's that good. And it's still
early innings.
>> Yeah. Is there any chance we could do
one last thing since you're here? Yeah.
I think it'd be really funny to have
something like here on the ice coffee
hour today. We have Mike Row and then
like some like uh you know voice of
deadliest catch, host of Dirty Jobs and
now guest on the ice coffee hour or
something like that. I want me to do it.
I think Yeah, something like that. Just
you don't have to like I mean I suppose
you could look into the camera as you
say it. Well, since they asked me real
nice.
Next on Iced Coffee Hour, Mike Row stops
by for 3 hours to talk about all of the
trouble in the world. You'll laugh,
you'll cry, and you'll thrill as he
talks to an, a secret admirer who
somebody knows all too well.
>> Oh god.
>> And then last one, if you could just
say, "Hit the like button and
subscribe."
>> Hey, you know what you do after you hit
the like button? You subscribe. It's
basic. Hit the like button, then
subscribe. Did he still say smash that
like button or just hit it?
>> Just obliterate it.
>> Obliterate it, man. At least leave
nothing but a just a hollow smoking
crater where that like button used to
be. All right, then.
>> Oh, by the way, you still rolling?
>> Yes.
>> Work ethic scholarships available at
microworks.org.
We literally have like $20 million.
>> It'll be linked down below in the
description. Just click the link right
there. Just do it.
>> Click it, baby. Click it and lick it.