Trading Secrets - 77: $365K as Jerry Springer’s head of security? Steve Wilkos reveals the $ecrets behind his massive success through different careers, insane work ethic and knowing your worth

Episode Date: November 7, 2022

This week, Jason is joined by renowned talk show host, Steve Wilkos!    Steve is best known for one of two things; being head security for the one and only Jerry Springer, or as the host of the lo...ng standing talk show, the Steve Wilkos Show, or both. What may not be known is Steve is a United States Marine Corps veteran and was a Chicago Police Department law enforcement officer for 14 years.  He has established himself as an authoritative figure and is known for his abrasive, yet constructive approach to helping guests on his show settle disputes and better themselves moving forward.    Steve gives insights on the importance of being prepared when transitioning jobs,  how he balanced his police career and working security for Jerry Springer simultaneously, how he ended up getting his show due to Jerry Springer going on Dancing with the Stars, and working with his wife as his executive producer. Steve also reveals what role his father played in his decision to join the military and later law enforcement, why he decided to leave the police force, what kind of contract he had, and how the Steve Wilkos show stands apart from all the other talk shows on air. Does Steve make more revenue through the show or social media? Which security job did he turn down to stay at Springer? Which Survivor cast member helped Steve get higher pay while working with Jerry Springer? How much of an impact does he have on the whole production on his show as a host?    Steve reveals all that and so much more in another episode you can’t afford to miss!    Be sure to follow the Trading Secrets Podcast on Instagram & join the Facebook group.   Sponsors: Shopify.com/secrets for a free trial Zocdoc.com/tradingsecrets to download the Zocdoc app for FREE   Host: Jason Tartick Voice of Viewer: David Arduin Executive Producer: Evan Sahr   Produced by Dear Media.   Please note that this episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct or indirect financial interest in products or services referred to in this episode.

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Starting point is 00:00:00 The following podcast is a dear media production. Welcome back to another episode of Trading Secrets. Today I'm joined by renowned talk show host Steve Wilco. Most of you know Steve for one of two things, the head security in the one and only Jerry Springer, or is the host of the longstanding talk show, the Steve Wilco show or both since 2007. What you may not know is Steve is a United States Marine Corps veteran
Starting point is 00:00:39 and was a Chicago Police Department law enforcement officer for 14 years. He has established himself as an authoritative figure known for his abrasive yet constructive approach to helping guests on his show settled disputes and better themselves moving forward. Steve, the viewers have been asked. asking for you. We got you, and we are so excited to have you today. Thanks for being on Trading Secrets. And first and foremost, I want to thank you for your service. We're going to get into the details of the show. What led you to the show, before we do that, the trajectory of your
Starting point is 00:01:12 career from being a United States Marine Court to then being a cop and launching your way into Hollywood is something that's extremely unconventional. I want to learn how that happened before I do. There might be people out there that are interested in general in just the law enforcement career. right now in 2021 the average cop made 65,000 bucks so when you joined to be a cop what was a salary like then and what made you do it so my starting salary was in 1990 I got on the police department I made 26,500 and I just transitioned out of the Marine Corps where I was making as a sergeant with six years of service I was making like 12,000 dollars so I felt like I was rich and I had a Dodge Colt that was paid off, and I had a basement apartment that I was paying $4.50 a month
Starting point is 00:02:02 in rent. So I was, you know, I was feeling pretty good about myself. But the reason why I became a police officer and went into the Marines was my father was a paratrooper in the Korean War or Korean conflict. And then he was a Chicago police officer. So my dad, you know, when I was a kid, he was like Superman, you know, so I wanted to be just like my father. And so, you know, I was kind of a screw up in high school. And my dad's like, listen, going to the military. you'll, you know, straighten out and, you know, you'll have something. There's a lot of my friends, some of my friends were just bums hanging around the block after high school. Nobody went to college, but, you know, in our neighborhood, no males went to college.
Starting point is 00:02:40 So I wanted to do something in my life, and that's why I went into the Marines, and it was the best decision I ever made. And then, like I said, I got out. I wanted to be a policeman just like my father, and I was going to do it for 30 years and retire from the police department, just like my dad did. But then one day I got asked to work. security. I'm a Jerry Springer's show. I didn't even know who Jerry was. I went there to work for one day and one day turned into 20 years later. I'm still here. Okay. We're going to talk about how you got that
Starting point is 00:03:07 call before we do. There might be some parents out there that have kids that are serving right now or there might be some kids listening right now that are serving. What advice knowing what you know now about Hollywood, entertainment, making it big to also the perception of making it big by doubling your salary from 12K to 26K when you got out? What type of advice would you have? for someone coming out of military work right now and entering into the work world? You know, I had, I enlisted for three and then I re-enlisted for four, you know, and there was a six-month overlap, so I ended up doing six and a half years. But when I got to five years, I wanted to, I was going to sign up for another five years
Starting point is 00:03:48 after my six years. And that would have took me at 11, 12 years. I definitely would have did 20 years in the Marine Corps and got a pension. But I wanted to go to embassy duty when I was. And I signed my next contract. And they, you know, in the Marine Corps, they tell you one thing. And then they do whatever they want. So they were like, oh, go back out in the fleet.
Starting point is 00:04:06 And then we'll give you embassy duty. Well, then I said, okay, maybe it's time to get out of the Marine Corps, go back to Chicago. So when I knew, and I had like a year and a half before I was going to get out, I started making plans about I didn't want to get out of the Marine Corps and had nothing. So I kept in touch with, like, a lot of buddies in Chicago. I knew the police test was coming out. So I flew back to Chicago. I took the police test.
Starting point is 00:04:30 So I was trying to line up things before I got out so that as soon as I got out of Marine Corps, I hit the ground running. I could have collected unemployment. I didn't want to do that. I wanted to work. And so even the day I got out, I lined up a nightclub job bouncing in a nightclub.
Starting point is 00:04:45 I was working at for a few months. And then about nine months later, I got called to the police academy. So I would say, be prepared. Don't just get out and then start looking. And when you make your decision that you're going to transition out of the military, kind of get ahead of the curve. I like that. And then when you went to Chicago Police Department, how many years did you serve
Starting point is 00:05:07 before you ended up taking off? Well, I did. I was on the police department from March of 1990, and I left it one week before September 11th. Oh, my gosh. Just coincidentally, right? What happened was I left, I took a leave of absence, and then I resigned a few years later.
Starting point is 00:05:26 but I took a leave of absence because I was making quite a bit of money on Springer. I mean, nothing like I'm making out, but pretty good salary, much more than a policeman salary. And I married my wife, who ended up being the executive producer, Springer, and she's the executive producer in my show now. And she said, listen, I would come home, and I worked in a very violent district in Chicago, and I would come home with blood on my uniform, and my wife would be like, She didn't understand, like, people just, you know, didn't stick their arms out and put the handcuffs on and go, yeah, like, I go, people fight us.
Starting point is 00:06:02 I had to explain it to her. I'm like, we have to use a lot of force sometimes to affect the rest. So she didn't get that. So one time I came home, my uniform was just like I took a tomato soup bath, right? She goes, that's it. You're quitting, you know. And I said, you know what? Maybe you're right.
Starting point is 00:06:19 Because she broke it down to me. She goes, listen, when the Springer shows over, we're not staying and living on your policeman. salary. She goes, I'm a TV producer. We're going to go to L.A. or we're going to go to New York and, you know, you'll find your thing to do, but I'll be producing. I said, you know what, right? And I took a leave of absence from the police department. And, you know, my dad, you know, I was, you only got eight more years to have pension. Yeah, get paid out. And my dad didn't understand the kind of money I was making. And so, and even like, as soon as I left, because I was so busy between the police department and working on a Spurs show,
Starting point is 00:06:51 I didn't have a lot of free time. So when I left, the police department, all of a sudden I had, I would do these autographed circuit, do these car shows all over the country. And I'd make five, six, seven thousand dollars in two days work. Well, that's more than I made during a whole month being a policeman. So, you know, the money that I lost being a policeman, I made up, you know, just doing a few appearances throughout the year. Yeah, it reminds me a little bit of the world when I had my MBA, 10 years corporate banking, move all over, get myself up to corporate ladder to tell my parents I'm going on a reality dating show.
Starting point is 00:07:25 To say the least, they weren't thrilled. But when I started dropping it, dad, I'm getting paid 10K to show up to this bar. Like, what the hell? I don't believe until I see it. And then they saw it. Let's talk about that transition. So how long, though, before you left, were you managing these crazy worlds of being on TV, the security of Jerry Springer, and then going to serve as a policeman?
Starting point is 00:07:48 How long was that? What was that balanced like? So in 1994, like I said, I got on the police department in 1990. In 1994, Mike McDermott, who was still on my show, we were policemen together in 14th District. He had, he was already working through Pinkerton. When the show needed security guards, they would call Pinkerton. Well, there was these guys there.
Starting point is 00:08:12 They cut Pinkerton out and said, hey, don't call Pinkerton calls directly. So Mike was one of those guys, and he said, I was walking on a station, they knew the other guy. He said, hey, you want to work security. And I said, what is it? And I, he goes, you know, it's a talk show on TV. You got to wear a suit and tie, be there. I said, great, I'm there.
Starting point is 00:08:32 What does he offer you at? Like a pay wise. $35 an hour. Okay. No, this is, I'm probably making $22 as a cop. Sure. So it sounds good. So 35 an hour I'm like, oh, I'm in.
Starting point is 00:08:42 I'll throw a tie on. Exactly. And so I went there. And like I said, it was supposed to be for one day. I went there, nothing happened. I mean, I have very vague memories of my first day there. Well, they knew they could always call me and I'd be there. So it was this sheriff that was actually running the show.
Starting point is 00:09:04 And Mike worked for him. So the sheriff, he would call me. He didn't even know who I was, but he was a guy that he knew it could kind of. So this guy was kind of unreliable, though. You know, the show would call him and he'd be like, he wouldn't show up, this and that. But he had the gig and he was running things. one day we had this big uh show and it was going to be you know a lot of conflict and you know
Starting point is 00:09:25 supercharged an audience but he doesn't show up so they come up and they're like hey man where are you and he said well my wife's got the car sending a limo for me you know like the show with some limos for guys yeah yeah and this young producer just hung up the phone on him he looked at me and he goes hey you went around security here yeah you know just like that boom man like All of a sign, I went from nobody, low man, I was running security. And, you know, and at first, like, we didn't play a big role on the show.
Starting point is 00:09:58 And then, but I would, they would need to find a guest in Seattle and I'd get on a plane. And I'd go to Seattle and I go track that person down. Or they'd have a problem with the guests. They had to be babysit all night long in the hotel. And I did it. So whatever the show asked me, I did it. Because I knew, man, like, yeah,
Starting point is 00:10:14 I'm getting my foot in the door. It was pretty good. And it was funny because then, a stage manager left the Springer show and was started because Danny Bonaducci was just starting in Chicago. And he called me up and said, hey, we'd love to have you run security here at Dan. And this is before Springer was a hit. Okay.
Starting point is 00:10:32 And he goes, we'd love for you to run. We'll pay you more to come over and do Danny Vanaducci security. I was like, nah, I'm good here. And it was the best call in my life because I don't think Bonaducci made out of his first year. And I certainly want to got my own TV show on a Bonaducci. But so, you know, staying on Springer really worked out. And so then the show did start changing format and it were conflict-driven. There was fights.
Starting point is 00:10:57 And we start, you know, I'd be on stage a lot, breaking up fights. And then when we first doing it, we were wearing our own clothes, suit ties, and then we start wearing Jerry Springer security shirts. And the old executive producer of Springer, we were doing Springer break from Daytona Beach. And he said, why don't you shave your head? No, I didn't have hair like you. I had Marine Corps style hair. He said, I'm going to make you a star.
Starting point is 00:11:24 I said, well, sounds good to me. So I went and I shaved my head, and I looked like Jesus with a thorn crown put on aside because I nick my whole head up, you know. And it was crazy because, and this was like 1997 before email. And, you know, I didn't have a computer. People write letters still, man. All of a sudden, you know, Miracle on 34. street when everybody's writing their letters on the sand and bags of mail are coming in that's how it was
Starting point is 00:11:52 i mean really bags of mail coming in women sending me pictures it was crazy then i became just a big part of the show you know people start chatting my name and but i still was a policeman you know because from 94 when i started i didn't leave the police department until 2001 and 9798th was the zenith of the springer show when it was the number one show in the world you know So here I am working on this hit, hit show, and then I would go work as a cop for eight hours. And there was times I'm flying all over Europe with Jerry. You know, we're going to London and Amsterdam and, you know, I'm staying in world-class hotels and flying first class. And then, you know, I'm working into dregs, man, like, you know, stuffing on back, putting that squad car, getting cramped up for eight hours,
Starting point is 00:12:44 freezing cold weather, holidays, weekends. So it was an interesting time of my life, to say the least. I thought going from being a banker to being on a dating show was a big move. But being a cop serving for the public, Jerry Springer is the definition of literally like A to Z. In my world, what happened is those worlds collided. I eventually got fired because of something that happened in my personal world. Yeah.
Starting point is 00:13:09 Did you ever have a scenario in which you were managing seven years of, this Jerry Springer roll versus cop roll where your job was put in the question? Oh, yeah. I would tape from 9 to 3, but, you know, taping would run long. And I'd be, you know, I was supposed to be at roll call at 4 o'clock. And it was funny because my commander and my watch commander love the show. Love the Springer's show. Didn't give me a hard time at all.
Starting point is 00:13:37 But everybody below them gave me a hard time. So, like, I come in, I check them one of the time. I'd go, hey, boss, sorry, I'm late. And the sergeant would then come up to me, go, we'll go, we'll go, give you a slip for an hour, because you would build up a bank of overtime, like you could take it in money or time. I always took time because I was making enough money on the show.
Starting point is 00:13:57 I needed time off from the police department to go on trips with Jerry and travel and stuff. It's always took time. I don't want to give an hour of time for being, you know, 10 minutes late because this dickhead sergeant wants 50, you know, slip from me. And, you know, one time, You know, I said, hey, man, I was so pissed.
Starting point is 00:14:16 I wrote up to slip. I gave him an hour. And I said, I'll see you in the parking lot after a shift. And, you know, that probably wasn't the wisest thing to do. But I was so mad because, you know, people are jealous, right? And, you know, truthfully, some of it you bring on to yourself a little bit, but not so. Like, you know, I had, you know, a Mercedes convertible. You know, most cops aren't driving Mercedes convertibles, you know, you're pulling into the parking lot.
Starting point is 00:14:41 I mean, other people resented. A lot of guys were like, hey, you know, you're driving. good for you and I hired a lot of cops a lot you know show everybody was just a hard ticket to get I took care of all the cops get tickets to the show so a lot of guys were happy but you know other guys they don't you know just like in any field there's jealousy and I mean my life was pretty damn good at the time man so you know some some guys tried to give me a hard time did you meet that guy in the parking lot no he he never showed up I mean that guy and he you know why he never asked me for another slip again either there you go all right so 94 to 2001 you already
Starting point is 00:15:17 dropped the numbers when you started as a cop 265 when you left the police force how much were you making 2001 i want to guess like 45 to 50 okay straight pay straight pay okay so one thing we talk about often is you said you were making enough money on the show you weren't really focused on overtime as a police office i wouldn't even pick up my paychecks come on because really because you know I mean, when I was making like $250,000 on Springer, being a security guy. So, you know, back then there was no direct deposit on you. You would get a check.
Starting point is 00:15:49 Sure, yeah. Well, you'd have to go into the station to get the check. Well, I blank, I'll pick them up one next time I'm on the station, which sometimes three pay periods would go by, you know, and then I'd get three checks and, you know, so, you know, honestly, it just, the police check was just so, it was peanuts to me at that point, you know what I mean? Such wild world.
Starting point is 00:16:10 The one thing we talked to about the audience is how do you negotiate? How do you understand your value? I'm thinking a guy like, how the hell do you negotiate with Jerry Springer? What's the benchmark? There's not another Jerry Springer director of security. You're making $35 an hour. How do you work your way to $250K a year and beyond? That's interesting because you're right.
Starting point is 00:16:31 I had no idea to value. I was in the military. I was in the police. So this is interesting, Andrew Savage, who was on Survivors. Yeah, yeah, yeah. He was in season three or four. He was one of the first guys voted off because he was like one of those powerful dudes that they knew, like, you got to get him out of that tribe.
Starting point is 00:16:52 Yep. Well, he was an attorney for NBC, and he was there. And I had no clue, but he kind of like, he did it for me. Like, first contract I got was for like $75,000. And then the show, really, like, boom. overnight like exploded and then he's like yeah i got you 150 and then he like got the you know got me to 250 and so like i owe him a lot because you know he was kind of watching out for me you know and he's the kind of guy that you know and like i said i didn't have an agent or you know i didn't
Starting point is 00:17:25 even think along those lines i still thought of myself as a cop to be in his fortunate position and the spurs show was my side job even though i was making way more than what i was making as a cop. I still identified as a cop. How many hours comparably were you working on the show versus being a police outside? So back then we taped the spring show three days a week. So I was there from nine in the morning until three, four, an afternoon. And then I worked as a cop from four to midnight. And then I worked in the bars from midnight till four in the morning.
Starting point is 00:17:55 So, I mean, I don't know how I ever saw my wife. I was going to say. But she did like sometimes come to the bar and hang out with me while I was working security because that's cool. we never saw each other. Then when did rubber meet the road where you said, cop job, I'm done. Full-time, Jerry's prayer.
Starting point is 00:18:14 Well, that's the story I was telling you. I came home covered in blood. That was it. And my wife's like, you're leaving. And we got married in 2000. And then 2001, she was like, you know, and as I said, it was a week before September 11th. And I just had back surgery, too.
Starting point is 00:18:31 So I was not thrilled about thinking about sitting in a squad car for eight hours. And here's the other thing I worked in patrol the whole time I was I didn't have any special assignment Cushy job I was in patrol working the streets So when I left
Starting point is 00:18:47 All of a sudden I got all these people call me Oh man I would have took care of you I could you had 12 years How was that before? Why did you wait till I left Like I needed a lifeline Because you know a lot of guys start out You work in patrol and you become a detective Or you get some cushy job
Starting point is 00:19:03 Working down in motor vehicles or some office job. I mean, you know, I'd like being a street cop, but it was wearing on me, too. You know, I was getting hurt and, you know, you're working six days on, two days off, you're working holidays. You know, it's not good, man, you know?
Starting point is 00:19:19 So we work in weekends. So, you know, like the Springer show, I remember like we'd have rat parties at then, the taping season, which would end back then in June. And we'd have this big party, and everybody's like, oh, I'm off for the summer. And I'm like, I got to go to work tomorrow. And even when I got married, here, you know, my wife's making good money.
Starting point is 00:19:41 I'm making good money. We got married in July. And I had to go the next, we got married on a Friday. Saturday, we went, you know, we went to the Cubs game. And then, you know, all our friends, we went to the casino. Well, Sunday, I was back at work, man, working a squad car. And then I worked for like 10 days. Then we went on our honeymoon because that's when my furlough started.
Starting point is 00:20:04 it. So then we went on vacation. Well, that's not a great life, man. Yeah. Especially when you're making, I mean, I was making more than a mayor of Chicago. You know what I mean? That is crazy. So it wasn't, and the reason I kind of brought it up again, it was never really money driven. It was more of the worst life. Quality of life. Okay. And knowing that once the spring show was over, I'm not sticking around probably in Chicago anyways. So what's the point? Got it. I wasn't going to get a pension either way. All right. So we're going to get into the next steps for Steve here, but before we do that, when it comes to the Jerry Springer show, we already talked about negotiation, you leave full-time, you're working there full-time. We talk a lot about annual reviews
Starting point is 00:20:45 and annual raises. What the hell does an annual review at Jerry Springer look like? Like, how do they determine what success is and how to get raised? You know, I didn't have, I didn't have the job where I got reviewed, you know what I mean? Because I was considered talent. I had a talent contract. Gotcha. So I wasn't like an employee, you know, like everybody else was. I eventually got a talent contract and because I was on TV and so much and all that. So I never got really reviewed. I mean, it was so crazy because one time the producer, this big fat guy was on stage, right?
Starting point is 00:21:24 And the producer goes like this. I mean, pull his pants down. So I pulled his pants down. Well, unbeknownst to us, he didn't have any underwear on. Oh, geez. So you stand front. of 250 people with his dingling showing and he ended up suing us and the lawyers come in and I got a reprimand it's the only time on the show they gave me this written warning and I'm like
Starting point is 00:21:46 wait a second man I'm doing what the boss told me to do yeah yeah but you know I kind of knew that thing like I better just keep my mouth shut shut up take it yeah and move on from there but that's the only time I ever really like got in trouble on the show okay interesting well you get Superman, and then it's all uphill from you. So another thing we have in comment, my fiancee went on dancing with the stars. She won in 2020. Jerry Springer goes on dancing with the stars. And that's how you got your show, right?
Starting point is 00:22:14 So tell everybody that doesn't know what opportunity came about when Jerry went on dance with stars. So they, you know, that was kind of like back then, you know, I really don't keep up with things. But like back then, Dancing Stars was a new show and it was, it was huge. And, you know, people that were on Dancing with Stars was like, it was. it could give you a big career boost. So Jerry was doing it. This was, I want to say this is 2005.
Starting point is 00:22:40 Yeah, this is 2005. And so they said he's terrible, like, dancer. I don't know if Jerry could dance or not. I spent the last 13 years of my life with him, but I had no idea if he could dance or not. I didn't even ask him. So he, he's going to do it. And they come to me and they said,
Starting point is 00:23:00 well, we can't really shut the production. don't want to shut the production of the showdown while he's gone. So you'll host that week of shows. He'll be voted off first and he'll come back. So you'll do it for a week. And it's funny because I said, well, I talked to the company lawyer and I said, well, what am I going to get paid for that? And they're like, hey, what do you mean? I go, what do you mean? I said, I'm not a talk show host. I'm director security. And they don't want to pay me anything. Interesting. And I said, well, then I'm not doing it. Get out of here. And they're like, this is your opportunity. And back then I thought it was all bullshit like you know I'm never going to like why would I get a
Starting point is 00:23:36 yeah yeah yeah yeah so I said well no then I'm not doing it and I really meant it like no man you know like we you know we would work on Jerry Springer uncensored tapes well a company's making all his money sure not getting a dime of it yeah so I put my foot down I go I'm not doing anything that is not my job and you're not going to pay me so I came back they I think they paid me a couple thousand dollars every show that I host on top of my pay okay you know So they're going to, what did you get a base pay? You said on top of your pay. Right.
Starting point is 00:24:05 So I was getting like, that time I was making like $250,000. Okay. And then it's the $1,000. So now they're going to give me $2,000 for every show I host. Got it. Well, you would tape two shows a day, three days a week. So it was like an extra $6,000 a week. Wait, $2,000, $4,000, $12,000.
Starting point is 00:24:20 No, it's more. Yeah. It's $12,000. Yeah. It was a nice, nice chunk of change. So the lawyer goes to me, he goes, well, did you talk to the executive producer at the time? I said, I don't need to talk to anybody. You pay me or get somebody else knowing there is nobody else.
Starting point is 00:24:36 He goes, I go, listen, if you brought anybody else in the host of the show, you'd have to pay him, right? He goes, yeah. I go, well, I'm somebody else. Yeah. You know what I mean? And knowing what you know now, they probably had to pay more than a thousand bucks to show. Yeah, exactly. Right?
Starting point is 00:24:52 But, you know, again, not having a lawyer, not having an agent. I'm, and Andrew Savage was long gone at this point, you know. So, you know, I'm kind of doing my own thing. Okay. So I do the shows. Boom. Jerry's doing another week of shows. Boom.
Starting point is 00:25:09 I'm doing the shows. Three weeks go by. Four weeks go by. Five weeks go by. I'm doing all these shows. When these shows air, the ratings are really good. They thought maybe they're going to go down. They didn't go down.
Starting point is 00:25:22 Some even went up. So when Jerry gets back, he's like, hey, Steve, will you do my Monday shows. And I'm like, as long as I'm getting that pay. Yeah. So he would occasionally take Mondays off. Well, the next season came around. He's like, hey, can you do Monday shows? Because, you know, Jerry's a very big start at that time. He's got all the things going. So, yeah, no problem. Well, then somebody's light bulb went off at, see, a lot of people want to take credit for me. Oh, Steve's a big star. Oh, shit. That's the biggest lie ever told. The fact that the ratings went up and I'm doing these shows. Any moron could say this guy should be given an
Starting point is 00:26:03 opportunity. He's hosting a show. The ratings are good when he hosted. So all these people that want to take credit for me, discover me, that's crazy. I mean, I was a security guard that this fluke of nature break in life. And so I did get a phone call. I was like, you know, it was like a Sunday night, I want to say. And I'm one. watching all in the family. I'm drinking a vodka tonic. My wife's in bed. My kids are sleeping. I get this phone call, and I thought somebody was screwing around. Oh, this is his own song from. I was here. We were giving you your own show. And I thought it was one of my friends screwing around. But it turned out, it's the real deal. I go out to my wife. I wake up. I go,
Starting point is 00:26:44 I got my own TV show. And we, you know, there was always talk about it, you know, but we said, you know, who's going to give me a show? So we always said, no way. But then she's like, oh, my God, are you drunk? I said, no, I'm not drunk. I really have. Too many vacatars. But then it was like, then it was like this realization, like, oh, my God, I'm going to what am I going to do? You know what I mean? Like, shit.
Starting point is 00:27:06 Yeah, like now we got to come up with some kind of concept. You know, it's like when you watch old Seinfeld, oh, Jerry, we like to be in business. Well, what kind of show do you want to do? You know, how about if I work in an antique store? You know, like, that's kind of like, yeah, right? Like so, but then, you know, my wife really was the one who said, listen, man, you're a cop. You deal with people on the streets, and we're going to do stories that you, you know, so she really came up with the concept of the show.
Starting point is 00:27:34 The creative. Wow. All right. Stay tuned to the recap. We're going to talk a little bit about ratings. I have some friends in the producer world, and it is crazy these days, how they can see to the second, how ratings are being increased and decreased based on what's happening. So there's numbers behind those decisions.
Starting point is 00:27:49 Question for you, I have that I think anyone at home in any job or their relationship could probably take away from. You got the opportunity to. to host the show Jerry Springer. Ratings went up. You did something that connected with the audience. What do you think it was that you did that allowed you to connect with this community and increase ratings while the day guys stopped?
Starting point is 00:28:12 I think, you know, I was kind of like the protector on the Springer show. Like I broke up the fights. I stopped people from basically beating the shit out of each other. And, you know, and people knew I was a policeman, you know. So I think people looked at me is, and then we start doing these segments before I got my own show called Steve to the rescue where they sent me out to people's towns and I'd get them out of trouble or some bad
Starting point is 00:28:37 situation. So I think people like that. Like, you know, they felt like, oh, wow, Steve's somebody I could turn to. And I've always said it, like when people, if I'm somewhere, you know, out in public in the airport, people come up to me, it's not like they're meeting Brett Pitt. They're always going crazy. But they're, you know, kind of happy. and they're like almost meet some of that they've known for a long time. They're real comfortably like the everyday guy. You know, like I'm your neighbor. I'm the policeman on the street.
Starting point is 00:29:05 I'm your friend. So I think there's that connection with the people at home. And I think that's what my success has been. Something about the relatability factor is huge. Guys, if you haven't seen the Steve Wilco show, it has been on for 15 years now. You can find it on Instagram, Twitter, TikTok, Facebook, collectively, over 6 million followers on all those. go check it out. If someone's listening to this and they haven't seen the show, how would you summarize for the listener that's never seen your show? It's about getting the truth, man. And
Starting point is 00:29:36 people that have nowhere else to turn, the last line of defense for them, they come on the show and we get them the truth. It's a hard hitting show. It's a, that's a show we deal with a lot of hard topics, but like I said, it's people we get justice for people. Okay. And they call you 15 years ago until you're going to give you this job. You're going to be the host of your show, realistically, do you think you'd be here 15 years from now premiering season 16? No, because I seriously thought even do I want to do this because, you know, when you go, most new shows fail. I mean, that's, and I saw that, like, from the time I started working at Springer until I got
Starting point is 00:30:17 my own show, I mean, you know, remember the girl from the Cosby show, she got a show, and, you know, Danny Bonnet Doochie and Richard Bay, just like tons. of people. I mean, more than I can ever remember, people getting TV shows and getting canceled. So I'll never get. When I got my show, I was in L.A. had to do the big press junket, and people were laughing at me.
Starting point is 00:30:40 They're like, back then it was 13 weeks. It wasn't even a year option, you know, and they're like, you're not going to last 13 weeks. And I've never failed anything in my life. I mean, I've done stupid things. Sure, sure. But I've never, like,
Starting point is 00:30:55 when I joined the Marine Corps, guys, I knew from my neighbor. It didn't make it. They came home and their heads were shaved and they're like not Marines. Like, don't go. You're not going to make it. I go, I'm making it.
Starting point is 00:31:05 Then people are like, you won't get on the police department. I'm getting on the police department. So when people are like, you're going to fail in the first 13 weeks, I go, I don't know how long I'm going to last, but I'm the last past 13 weeks. I can't tell you that.
Starting point is 00:31:17 And, you know, so, and here's the thing. I've always worked hard. I'm not that guy that half ass. I can't half ass. Yeah. Like, there's times I come up to the show. I'm like,
Starting point is 00:31:26 I don't feel like it. I go, I don't care about today. But then I hit that stage and it's like I can't even not, you know, like I get so invested to it and so, and I tell people all the time, you don't get to where I'm at, half-ass or being lazy or, and I am lazy in my personal life, but my professional life, I'm not lazy, you know what I mean? Like, I work really hard at what I do. And I've, I did travel to every market in the country and do every interview and, you know,
Starting point is 00:31:55 promote the show and do like even today today's my death i'm here shooting digital stuff all day long i can say no i don't want to do it but i do it because i know it's good for the show you know so you know you got to bust your ass to be a success in this world i saw the cheeseboards out there he's definitely on ticot trends impressive i'm not even on those trends real quick was there any animosity from jerry when you got this opportunity or was it met with support listen man jerry i love that man and i think he loves me and we've been friends for 28 years now and there's never been animosity that guy we've never had an unkind word for each other I mean he's the best he's been nothing but good and generous and kind and I can't say not one I mean this is a guy that's never yelled at
Starting point is 00:32:44 anybody since since I'm known a man like you think about celebrities like remember Steve Harvey sent out their crazy mail about don't come up to me, you know. Ellen has all these things. I mean, the list goes on. You know, people like, you know, and he never, not, you know, he was the biggest star in the world at one time. Yeah.
Starting point is 00:33:06 He was the biggest star in the world. And that guy doesn't ask for anything special. You mean, you know, hamburger, you know, for. Yeah, yeah. Like, he's just, he's just great, man. And, like, I never saw any. And I'm sure maybe there was times I did something that probably annoyed him. He didn't let me know.
Starting point is 00:33:20 Okay. Interesting. I love it. I love that he supported you. Sounds like an awesome guy. You talked a little about your compensation on that show. I don't know if you can share or not, but how has your life changed from a compensation standpoint,
Starting point is 00:33:32 not being the director's security, but being the host of the Steve Williamshead. It's, listen, I make a lot more the one I was on the Spurs show. And at the Spurshow, then, they also gave me the voiceover work. So, you know, like coming up next on Springer, well, that's $100,000 a year. So I was making like $3.50.
Starting point is 00:33:51 Oh, sick. So while you got your own show, you're doing voiceover making money from Springer. No, I'm saying when I was on Springer. Oh, okay, okay, when you were on Spurs. So after a couple of years went by, they cut the guy out that was doing it, and they gave it to me. Got it. So now I'm making my face out of $250. I'm doing $100.
Starting point is 00:34:09 So at the time, I think I was making like $365. Yeah, yeah, yeah. When they offered me the show, they came in to me with $350,000 to do. I go, that's less stuff I'm making now. Like, they had no idea. I'm not taking a pay cut at my own show. I'm like, here I'm thinking they're going to offer me like a million dollars. Yeah, yeah.
Starting point is 00:34:29 Like, that's less than I make now. They didn't even know, man. Like, sometimes it's so crazy. So, but so I would change my life now. Not a lot is the question. Yeah. Do I live a very comfortable lifestyle because of the money? Yes.
Starting point is 00:34:45 I want a couple homes. But my life didn't change that much because I was, you know, when you're making, like I said, 350 and my wife was making, you know, probably around that neighborhood. So together, and this was, you know, during the mid-2000s, that was a lot of money. Yeah. And we didn't live like, you know, we're not like rappers or, you know, the Jersey Shore people spending all their money. No, I mean, we bought a nice little condo and we made money on it. Like, we bought things that appreciate it. We didn't buy a lot of appreciable assets. I love that. That's a great lesson right there. Yeah. And,
Starting point is 00:35:22 Even the, like, the first time we said, we, like, because then when we got married, I started buying apartment buildings in Chicago because, you know, I was like, got to have something fall back on. Sure. And the first time we ever bought anything that was we considered a depreciable asset, which it really wasn't, was a lake house in Wisconsin. And now that thing's blown up. You know, probably triple what I paid for, you know.
Starting point is 00:35:45 But we bought that. And that was the first after my season one of my show. And I still own it. And I love that place. It's like my solitude of fortress like Superman. And I remember sitting in my yard, a big yard, you know, right out of water. And my buddy Scott Pritchard, who he's a friend of mine, but I met him, like, be like a groundskeeper at my house. Like, because I'm not there a lot.
Starting point is 00:36:13 I remember telling him, well, if I could hold on to this property for three or four years. You know, if I could just get three or four years out of my show, maybe I could hold on. on to it. But now, you know, everything in my life is paid for. I have no debt. You know, every house I own is paid for car, nothing. I have no debt. My kids' college is all through the way. So that's how it may be changed my life is that no mortgages, no debt. I love it. I just, Steve, your story is awesome. Like, you're making $22 an hour as a cop. They ask you to put on a tie for $35 an hour. You're like, sure, do whatever you want. Then they pay you $2.50. You don't negotiate. They want you in the hosting rule and you start to say, I know my value.
Starting point is 00:36:51 pay up. Now you got your own show. And from 35 bucks to saying, yeah, throw a tie and pulls people's pants down. I'm in. 350K for my own show. Fuck off. Let's talk. Let's let's the coach. Well, at that point, at that point, I ended up getting an agent. Yeah. He's been my agent for the past 16 years. It's amazing. It's an amazing story. When you get to this position, you have to have an agent just because it's not just base pay. Now you're talking about profit sharing and, you know, gross revenue and all this, all this stuff, digital. You know what I mean? Yeah. So it's so complicated, and I actually had to hire contract lawyers and everything else to, you know, get where I'm at. So, yeah, at this point, there's no more negotiating my own.
Starting point is 00:37:31 And I think that's a lesson for everyone. Partner up with the people that know best. And that's a huge takeaway. You guys haven't seen, again, go check out the Steve Wilco show on all social media platforms. And it's on NBC. Before we get your trading secret, I have the listeners where they're called the money mafia. they have some curiosity questions from those that know all about you. So I'm going to do a quick rapid fire on some of those.
Starting point is 00:37:55 Do guests get paid to go on the show? No. Now, we'll get compensated if they can prove like they're missing a day of work or something. Yeah. We try to compensate for that or if they had like, you know, somebody watched their kids for a day. But we don't, we don't pay. Because if you paid people, they would make up stories and become professional guests.
Starting point is 00:38:12 Okay. So, and listen, if you look at most of our stories, you probably Google search them, and it's a legal situation where they're at right now. You know what I mean? They've been arrested or they're in some kind of adjudicating some, you know, case. So our stories are 100% real. That was the second question the money mafia had.
Starting point is 00:38:31 Are any of these stories fabricated or lies? And you're saying these are all based on legitimate. But it's interesting. You said that just real quick. We did a story in the last couple of weeks and I walked off stage and I asked my wife, I go, is that story real? Wow. And she goes, yeah, I was one or the same thing.
Starting point is 00:38:46 and we offered them to take a lie to touch to us. And I think we're might air in it or if hasn't there already. And the one came back telling the truth. The other one came back inconclusive because I think there was drugs involved or something. So even when I thought it was fake, I said, let's ask them to take another lie to tuck the tusk to make sure the story's real. And I think it passed. That's awesome. Guys, just that clip, I'm telling you, if you see this stuff on social media, go take a break from your day.
Starting point is 00:39:14 check out the Steve Wilco show. These clips are unbelievable. It's just like such a great break from the day. The Money Mafia wanted to know how much impact you as a host get on the whole production and creative and things like that. I know my place because I know a lot of talk show hosts. And now if you look at the credits on the show, they have me listening to executive producer.
Starting point is 00:39:35 I couldn't produce my way. I have a wet paper bag. Now, I, something like, again, I'm in a very fortunate position of my wife being my executive producer. She's the best executive producer in TV And I think if you talk to most people in the business There's not a lot of people that would dispute that She took a nobody and made me a success
Starting point is 00:39:52 She turned to Jerry Springer show in the mid-2000s when it was sinking Reversed the trend and kept Jerry on the air for 10, 15 more years I stay out of the producer's way Now, I read three newspapers a day And I'll see a story that I want to do And I'll say, hey, can we try to get this? But other than that, I get the hell out of the way.
Starting point is 00:40:13 And there's stories I don't want to do. Like, my wife's like, okay, we're doing this. I'm like, I don't want to do that. But I've learned now just to do it because she's usually right and the story rates really well. So as far as the production of show, and when hosts become where they want to get really involved with their show, that usually doesn't work out too well. Yep.
Starting point is 00:40:32 I think, again, that's another lesson people could apply to no matter what your job. Stay in your lane. Stay in your lane and do it best. All right, 15 years, 16 season just premiered. What's next for the show? What can we expect? You know, we do a show that nobody else is doing. When you watch daytime TV, everybody's doing celebrity-driven, a own movie, book, song.
Starting point is 00:40:54 We're doing real-life stories that people are involved in every day. We're kind of out on the own little island. Nobody's coming after us, you know? Jennifer Hudson's coming out. But now she's got to compete against Kelly Clarkson. And, you know, we got, I don't know who's the other new show that just came out. Oh, we even got Caramo now, who's, taken over for Mori and, you know, he's more, I would say, like I haven't really seen a show,
Starting point is 00:41:18 but I think it's with us, and like Mori and Jerry, we have our own little niche. And with our show, where we do lie to tuck the past, and we get to hard-hitting stories and stories about abuse, nobody else is doing that story. Nobody in daytime TV is doing it. So we don't have to compete about anybody. If you want to watch, you know, all these shows with celebrities, you've got a million to pick from when you want to watch a show about everyday people in tough
Starting point is 00:41:45 situations you watch my show you watch the steve will go show steve this has been amazing your career journey is unbelievable never say never extremely unconventional and successful we got to leave with a trading secret trading secret someone couldn't find in a textbook a classroom or google about life money management or career management what can you leave us with i'll say this you know people ever since I've been in TV say you're real lucky and I am real lucky but I always tell young people luck does not find you laying on the couch okay I hustled when I I was going to be a cop and I was very very fine being a cop and but I hustled I bought property I saved up money to buy buildings I never spent money on things that again like I said earlier that didn't appreciate
Starting point is 00:42:37 appreciate. I didn't buy things that that appreciate it. I bought things that appreciated. And I never said no to an opportunity. I hustled. I worked all these side jobs. And that's why Mike asked me to work the Jerry Spironshow. He knew I was a guy that said, hey, you want to work security? I was going to say yes. I wasn't going to be that guy. Well, I'm golfing tomorrow. I got this tomorrow. No, $35 an hour. I'm there. So I tell people all the time, you got to make your own luck. You got to make your own breaks. And if you're sitting at home watching TV or landing in your backyard, tanning or, you know, those are nice things to do. But if you have an opportunity to do something else to get ahead, you do it because you never know where that opportunity is going to lead. And like
Starting point is 00:43:18 I said, one day working a security job, I've got my own TV show. I was a cop. I have a talk show that's been on for 16 years. I met my wife. I have my kids all because of the Jerry Springer show. I leave an incredibly nice, comfortable life. I've gotten to do things, met celebrities. I met all my childhood heroes, Mike Tyson, Ernie Banks, Pete Rose, everybody in the sports world I've met. I've gotten to go to Kentucky Derby. I've gone to, you know, the Indianapolis 500.
Starting point is 00:43:49 I've been to Amsterdam, London, all these different countries because of the show, because of being in TV. And that's because I said, yes, I will work that gig tomorrow. I love. And it's a hell of a trading secret. It's a testament to you being here. Your work ethic is a cop. Then you do Jerry Springer. Then you would go do night shifts at bars 24-7. And today on your day off, you're doing this. Cheeseboard challenges and more. It's a testament to you, Steve. Where can people find you in the show if they need more Steve Wilcos in their life? Well, we're on Facebook at the Steve Wilcoe Show, Twitter at Steve Wilco's TV, Instagram at the Steve Wilcoe Show, YouTube at the Steve Wilcoe Show, and TikTok at the Steve Wilcoe Show. another just go to steve wilco show.com check your local listings we're all over the country you'll just find you know where we are in your your time check it out you need a release from life i'm telling you it's unbelievable entertainment another episode of trading secrets you can't afford to miss steve thank you for being with us thanks for having me on ding ding ding oh we are closing
Starting point is 00:44:56 in the bell to the one the only steve wilco's I'm laughing my ass off right now because we have an unbelievable recap here. Not only do I have the Curious Canadian with me, but I have the Lowe Show, Lovan Rumpf with me. And he's very sensitive to big noises. And when I said, ding, ding, ding, he literally almost. I have an iron deficiency. I think that's why I'm sensitive to noises.
Starting point is 00:45:19 Why do you blame that? The medical condition. You blame it on an iron deficiency. I need iron. My doctor was like, you just like get scared. He's spooky. Okay, there it is. So we go.
Starting point is 00:45:29 All right. He does spooky. What am I, Curious Canadian? What am I, the mysterious Mexican? What do you want to be? I don't know. I don't know. Like something like, something like, something with like gay.
Starting point is 00:45:41 Like, uh, Dildo Dave. Jesus. Okay. I said that because he's been telling me he's a big Dildo guy. That's a trading secret right off the road right there. That's a training secret. He's iron deficient and he's Dildo D. He loves a Dildo.
Starting point is 00:45:56 And he calls it David because, wow, we have the Curious Canadian. Dave here. See the full seal of the moment? There it is. All right. We have the Curious Canadian with us too. All right. Let's give back to business. Sorry for that, guys. Steve Wilcos, former Jerry Springer, no, former cop, turned Jerry Springer security, turned massive, massive host. David, give me your initial thoughts, and then we'll kick it over to the mysterious, what do you, mysterious Mexican? We'll call you M squared.
Starting point is 00:46:24 Of the M squared, or like, I don't know. I'm trying to think of something. What? What starts with mind? Like G like the curious Canadian How about the luscious Lowe? I'll take the luscious low. Okay, we got the luscious low. If you guys think of a better name for the recap
Starting point is 00:46:40 guest here, Lowe, give us five stars and make sure you tell us five stars, put it in the reviews and what should Lowe's name be for recaps moving forward? David, talk to me. What did you think? Well, when Steve Wilco's name
Starting point is 00:46:54 entered the group chat and you said, does anyone know who this guy is? And I freaked out because I remember watching Jerry Springer back in the day like with a cable TV before the internet and Steve like was the security guard and people chanted Steve in the crowd like I'm a Steve Woodcoast guy through and through so to hear a little bit more about a story I thought was really really cool I got to bring this back full circle seeing low again he got the opportunity to have his own show when Jerry went on dancing with the stars you guys started your bromance during dancing with
Starting point is 00:47:23 the stars when KB was on during lockdown in L.A it's a big elephant brain memory there by me it's good to see you guys together though it's good to see you guys back and that was a great little circle back yes i know unbelievable this this specific time though i look back and instagram reminds me it's like one year two years ago and it keeps jay keeps popping up in my life and so it's been great it's been a good two years yeah and actually trading secrets the like early started trading secrets really began in covid i remember when he was like i'm thinking of starting a podcast it's going to be about secrets uh trading them industry stuff. And I was like, don't do it. I was like, you know, I was all about it. He's like,
Starting point is 00:48:02 we're going to talk money. And it was just an idea, a concept. And then now look where you're at. How exciting. Congratulations to both of you. This is awesome. Well, thank you. There's so much money being made on this podcast, thousands of dollars. And it's really cool to just be here right now. Wow. And guess what, Love, training secret. We will not be paying you as a recap code. All right. So back to Steve Wilcoast. Yeah. So we have a group chat. always throw like, all right, this is who we just have booked and I want to see their reaction because sometimes people have no idea, especially in our group, it's for, it's for people. He's huge on social media.
Starting point is 00:48:38 He is massive. And when they talked about Jerry Springer used to be literally bigger than Oprah back in the day. And when I tell some of the older generation people, I'd still, Steve Wilco goes on, they lose their shit. Wow. I couldn't believe when he said it was the biggest show in the world at the time. They were flying over to Europe and doing live shows. They were getting, setting limos out and setting limos out for the security guards to come to the show.
Starting point is 00:49:02 I couldn't believe how big it was back in the day. He's also one of, we've had some people with some big followings come on this podcast. He is one of the largest followed individual we have millions and millions and millions of followers. Like he kills it not only just on a show with an older demographic, but in social media too. You seem like you were like a Jerry Springer guy though. No, wasn't. No. I wasn't familiar with.
Starting point is 00:49:27 Steve. I remember him kind of briefly. Like once I saw him, I was like, oh, he was on Jerry Springer. What's he doing now? What's the show going to be about? Turns out, very successful. The guy's killing it. But I didn't know anything going into it. So I was a blank slate. But I briefly remember him on Jerry Springer. But I wasn't a big Jerry Springer. I was an Oprah person. Gotcha. You're an Oprah person. We're going to go to the Curis King to get his questions about what questions you have from the episode. And then I want to go to you to the luscious low to see what questions you have luscious low. Before I kick it over to David, though, I got to ask you, if you were to, like, and give us a trading secret about your life events connected
Starting point is 00:50:01 to Steve Wilkos and Jerry Springer and then Steve Wilkill's show. If there was one event in your life that would have sparked a good episode on Jerry Springer or Steve Wilco's, what would it be? Oh, wow. Oh, my God. Well, I've signed NDAs with clients, but I've had, I've been in a chokehold from a couple clients. Yeah, but like you, like, low. Well, it was happening to me. Wow. But, like, that would be a great. He was in the choke. I'm thinking of like a trash moment where you're like, whoa, that was not me in a good place. Like your wife cheated on you with the stylist. Oh, oh, that time I almost slept with my cousin.
Starting point is 00:50:33 That would be a great, that would be a great Jerry Springer episode because that's like they love stuff like that little incest moment. Yeah. And so how'd that like, I didn't even know it was my cousin. They're everywhere. The von Roomps, by the way, it's like 10% German, 90% Mexicans. I just false advertisement here. But anyway, the Von Rooms are everywhere.
Starting point is 00:50:55 There's so many of them. I have 17 on my father's side over 63 cousins. And so one of them I found attractive, had no idea was my cousin. And we met on an app. One thing leads to another. I'm stuck in dick. I'm kidding. I wasn't.
Starting point is 00:51:08 I didn't. I would never. But I realized that we were cousins. How did you find out? Well, we looked alike. And when he had messaged me, I was like, wow, the narcissist side of me, I was like, super cute. It's tan over six foot. Yeah.
Starting point is 00:51:24 And I was like, hasn't like me? chompers and i was like okay i'm into it and then um he started telling me about his like oh i'm in san diego i don't want to like give too much because he could be listening that would be so uncomfortable but anyway what's his name we'll go search of well he was the same last name as me but um anyway i i knew when he was like oh yeah i'm here visiting my parents and then he said his his parents are here and then i was like oh cool did you grow up here and then he mentioned his dad sent a picture of his family i was like there's my uncle and um and his dad looks just like my dad. And so anyway, once he sent a picture of his dick too. And it just asked, but it's also
Starting point is 00:52:02 gay app. Oh, God, there's a lot to unpack here. But when he sent it, I was like, his dick looked identical to mine. Same butthole, same dick. I was like, could have been mine. Anyway, I blocked him immediately. I blocked him immediately because I freaked out and he's in the closet. And anyway. And if I was Steve Wilco, I would first of all, love this episode. You would be the highlight. You'd be primetime, you would end your introduction with that. And I would say, in today, what Luscious Lowe doesn't know is we have lie detector tests set up. We're going to find out what really happened. Did he actually block up? So stay tuned to the final episode. We will let you know. All right, that is Luscious Lowe's entire episode, which would definitely get millions of viewers.
Starting point is 00:52:49 David, any thoughts on that before you have any questions on the podcast? Well, no, I'm just picturing, like, if any of our viewers are hitting, like, fast forward in the episode and then, like, they get right into some of those comments that Lowe was making, wondering, like, what button they hit to get on a different episode of the podcast. Like, wow, I went to like a gay version of caller daddy. Yeah. Yeah. Sucking Cuts and Dick.
Starting point is 00:53:13 Wow. What happened to trading secrets? Like, guys, don't give us one star for this. Anyway. All right. David. Oh, no. So if I, if I have to do my, uh, my voice of the.
Starting point is 00:53:23 you are curious Canadian, for those who are still with us, uh, to try and get some definitions to find, uh, Steve talked quickly about, uh, he would never make it 20 years in the Marine Corps to get his pension. He was eight years away from getting as a pension, uh, as a police officer. I know what a pension is. It's a form of, uh, retirement fund or, or, you know, income that you receive when you retire from working in one of these places. Are, our pensions one and the same? Are they the same type of money percentage wise? Can you kind of explain pensions and give us a feel of some different kinds? Yeah, I'm going to give you, I'm going to give you very, very high level. The reason I'm going to give you a high level is
Starting point is 00:54:00 because I bet you, and if you do, if you have a pension, please let us know. I'm curious, especially go to the reviews, five stars, let us know. But pensions really don't exist anymore. It's very, very rare unless you're in like a government job that pensions exist. They used to be a huge benefit for employees. And employers would use pensions as means to recruit employees and retain them. So the big thing about pensions is there is defined pensions and then there's defined contributions. So there's defined benefit where you'll know exactly how much you will get, either a lump sum or an annual payment once you retire. First thing I think about when I think about a defined benefit plan is like a police officer. When you put in your years as a
Starting point is 00:54:44 police officer, you know exactly when you retire how much you'll get. Even as a teacher, when you put in years as a teacher, especially in like New York State, you know that you will get a percentage of your, there's a whole equation, it's like a percentage of your higher, your highest salary ever earned for the rest of your life X amount of year. So that is defined benefit plan. Then there's contribution plan where based on your years of service, the employer will contribute to the fund. And then when you retire based on your years worked, you'll get a portion of that. So that's like very, very high level. Have you ever been in a job, worked a job where pension was a possibility?
Starting point is 00:55:20 have had a job or been offered a pension in incapacity. Same. What about you, Lowe? Never. But like big in unions, big in government work, teacher work. I was. You were? I was in, yeah, when I worked for Geneseo's.
Starting point is 00:55:33 See, there you go. State college. State university. That makes sense. 25 years, I was going to get 60% of the average of my last three years. See, there's usually an equation like that. Yeah. So, but you would have to put 25 years in.
Starting point is 00:55:49 yeah i lasted three so not quite and i think for cops in new york state it's 20 years so it's all there i think so yeah okay that's a good good question uh before we kick it to your next question do you have any comments on pension no no comment on pensions p e n s i o n yeah that's pretty good all right i got a question for you too speaking of old workplaces uh you talk about rubber meets a row when the rubber met the road for him when he came home with a bloody shirt. Oh, I know, because he killed someone.
Starting point is 00:56:23 Yeah, as a police officer. You can't make things off on trading secrets. Well, I mean, that's what it seemed like. It sounded like he got in a fight. Oh, I don't know. I was sick. I went right to. This is a guy who watches murder documents.
Starting point is 00:56:37 I repeat. I wish you would have dived a little bit because I wanted to know like the blood on his shirt. Like that was his coming to Jesus moment to leave, but I was like, whose blood was it? isn't that wild how our brains tick differently like you went right into the crime scene i went into like how was your pension what's your pension looking like after that i was like i wanted i was dying to know like whose blood what happened it's a huge moment
Starting point is 00:57:02 climactic moment in your life where you're covered in blood coming home and your wife's like oh my god honey like it's done that's what his wife was like you're done he's like i'm done i'm done baby jerry spinger all the way now um i think it was probably just a little rough housing okay yeah I did see a meme the other day where it was like watching scary Halloween movies that I that I know are totally fake and it's like under the covers can barely see and then it was like peacefully sleeping like watching my 30th murder true life murder documentary put me to sleep and it was like all calm I love it but he had he had the rubber meets the road from that you had rubber meet the road when you got fired from the bank for the comment you made on the
Starting point is 00:57:41 podcast I was curious did you get any settlement or severance from the bank just to what's that hey well you said he made it didn't katelyn make the yeah it was actually Caitlin made a comment about jason and it was like a sexual thing it was like our first hook yeah oh yeah that's yeah yeah and that comment got me fired yeah wow yeah so did katelyn's comment on a podcast that got you fired get you any like settlement severance anything like that you walk away with a bag from that or no how much money did you get so contractually i can't speak to that. Is that for life? Is that a 10-year contract? Do we got to say it on the thousand episode, like episode? I mean, I guess maybe what we could do is go through the contract that
Starting point is 00:58:23 I signed, which probably answers your question you just asked. And then I would have to see what the liability of speaking about that would be. And if it's worth it or not. See, this is the boring part of reading contracts, is that you actually know you can't speak about. Or as like from 90% of the people who don't read their contracts, they can just... Well, if I were to actually get a severance, then what would happen is you would usually sign a contract. And the reason they're in a situation like this, the reason they would ever pay you a severance is so you didn't talk about it. So it's really one of the only value ads they have is you not speaking to it. So read through the lines, Curious Canadian, come up with your, okay, let's do this. Because I can't
Starting point is 00:59:07 technically say, based on my answer or based on your question and you knowing me so well, what do you think the answer is why don't you both take predictions so we're big on predictions in the recaps i think yes or no and how much just take predictions i'm not going to react i think you i think you absolutely did get something and knowing i have an idea of what your salary was and severance and at a time of year i think you got a hundred thousand dollars okay i think i think that you didn't get any money and knowing you you wanted to go in the ring and fight and so because you didn't then you fought that maybe a loss suit took place. A little gag order for you. You can't speak on it. And so, yeah, I think you
Starting point is 00:59:49 ultimately did, but they probably initially said absolutely not. Adios. Great, great guesses. What we do is we will have a Jason Tells All episode at the end of the year where I talk about all the money made in 2022, all the money lost, every story. I will commit to the viewers out there, the money mafia, that what I will do is I will go through the contract. I'll talk to my attorney. I'll ask him what the actual liability of me talking about this is. And if it's too high, I won't talk about it. It better be juicy. It better be juicy for all this secret of on the training secrets portion of the tell-all.
Starting point is 01:00:21 Let's keep this recap going. What else we got? All right. Last question I got. His trading secret, he says, luck doesn't find you on the couch, which is bad news for me because I spend way too much time on the couch. But secondly, he said, I only buy things that appreciate, never depreciate. And as I'm trying to think of a list of things that appreciate, it kind of ends at like house. So if I'm smart of Steve Wilcoast, let's go around the room here and I'll kind of say items that we think are that appreciate that we would buy as maybe as an investment.
Starting point is 01:00:51 I like that. Who wants to start? I'll start. Can you go low. How about a Rolex watch? That is definitely an appreciating asset. Yeah, appreciate it. Limited supply right now. The retail price is much lower than the secondary market.
Starting point is 01:01:05 And when the boom was off the charts, when we were really crushing about a year ago, the market, those watches were going for like two, three, four, sometimes even five times a retail price. So that was a beautiful answer. Designer closed, depending on the designer. You could answer this better than anyone. Yeah. Well, designer close.
Starting point is 01:01:21 Tell us, give us a list of a couple designers in which in general, not like every single piece in general, it will actually appreciate it. Well, it depends like if their life ends tragically, like Alexander McQueen, who hung himself with an Alexander McQueen iconic scarf. No way. That last collection he did, the Atlantis collection, I mean, the value, you can't even put a price on it. A lot of those pieces have been donated to the museum.
Starting point is 01:01:44 But if you have your hands on any sort of piece from that specific collection, because he's not here anymore, it's like if a famous athlete, singer-in-artist is a, is one of the most creative geniuses that will ever walk this planet. And so his collection, completely appreciated. So it depends on the designer. You know, Kanye is in some hot water right now. Maybe his shit will depreciate, appreciate. I don't know.
Starting point is 01:02:04 But there's certain designers like Gianni Versace, original Gianni Versace pieces, have appreciated in value. Interesting. Quadruple the value. Yeah. Because, I mean, he's gone. He was shot. And so sometimes these artists have tragic lives and it's nice to get your hands on
Starting point is 01:02:19 some of these beautiful pieces. Yeah, yeah. If you're a fan of the art, of fashion, and style. Those are really good examples. I would say Kanye's portfolio is definitely getting depreciating as it should. Yeah, taking a bit of a hit right now. Anti-Semitics. I know.
Starting point is 01:02:34 Anyway, the one that I love, they said Alexander McQueen's great. The Rolex one is a great one. And then I had another thought on the ship. I lost my thought. Oh, this is where I was going to go. When you talked about the museum, it's actually amazing how much low knows about resell of certain things. Like we were talking about the Jeffrey Dahmer, the Jeffrey Dahmer Netflix. He knows like his little drawings get sold for like tens of thousands of dollars. His original glasses,
Starting point is 01:03:02 how much did you say they got sold for? Well, they're actually on sale or for sale now. Sick. If you check out like Murderpedia, I spend a lot of time there. But his glasses are going for around $200,000. Yeah. And they're not the original ones that he wore during all of his murders in the 90s, but they're the ones that he wore in his jail cell. before he was killed. He wasn't executed. Wow. He was killed.
Starting point is 01:03:24 So there's like his actual glasses anyway. All right. Let's keep the list going. David. Do you have any others? Is it like sports memorabilia? Does that count? I think for some of it like like comic books for some.
Starting point is 01:03:35 Pokemon cards. Pokemon cards. Sports memorabilia. Okay. I noticed in your jewelry box, do you have a bunch of Pokemon cards? Yeah. I love Pokemon cards.
Starting point is 01:03:42 Really? Yeah. I have like old old school ones too. Yeah. I used to collect them when I was kids. So did I. Got to catch them all. Every one of them.
Starting point is 01:03:50 I love that. It's unbelievable. All right, let me give you some other ones. Obviously, like land, fine art. What's really cool, there's wine. You can invest in wine. And it'll stay at like certain houses, make sure the temperature is good distribution. You could do that.
Starting point is 01:04:04 Or you can invest in certain apps and invest in wine. You can invest in Masterworks, which is like you put money towards them. They buy expensive art. They resell it. You get paid a dividend. Obviously, stocks for the most part, like mutual funds. Real estate investment trusts. Obviously, real estate, which we already said, I think.
Starting point is 01:04:20 I already said land, but in general you could buy like un, you could buy like agricultural land. Like there are so many assets that do appreciate. And yes, I think some of those examples you guys gave are great ones. Thank you. All right. Do we have anything else? Congrats to us. I'm going to. Congrats to us. That was great. I'm going to go into a little tease for next episode because next episode we have one of my favorite guests. She was so great. Her story is awesome and her confidence is next level. It is Shannon Ford. Now, David, what you're going to like is towards the end of the episode with Shannon Ford. I have a list of like 10 things that I ask her because I think you and her have like very similar personalities and like I think you're like
Starting point is 01:04:58 your financial acumen's pretty similar. So I was curious if she could stump the curious Canadian because you always come to me with questions, things that you weren't aware of in the episode that you want clarity on. So I asked her like a list of 10. I'm going to ask Lowe just two of those to tease it and see if Lowe knows things that the curious Canadian did not. Lowe. ready sure first one what does kpi mean kpi stands for i i know yes wow okay i have no idea second one no idea spell i knew i hope you're going to ask this spell tertiary tertiary tertiary um can it be used in a sense please, I need to hear it in a sentence.
Starting point is 01:05:50 They have a tertiary lien position on the commercial real estate project. T-U-T-U-R-T-U-R-S-H-H-H-E-R-H-H-E-R-A-R-O-B-F-A-R-O-B-F-A-R-B-F-A-L-L-F-E-E-B-E-A-R-B-F-E-E-B-E-A-R-B-G-G-D-F-E. You got the second letter wrong. But, David, David, what do you think it was? What? I honestly don't even know. Chisheries. I've never used that word.
Starting point is 01:06:17 I've never used that word in my life and don't ever plan on using it, ever. What do you think it means, tertiary? Some sort of a hold. Wow, it's pretty pretty. So tertiary. So no, it's bullshit. It's bullshit. It's like some sort of a hole, like a dominant hold on something.
Starting point is 01:06:36 I mean, it's not terrible. You have a primary, secondary, tertiary, first, second, third. It's like a, it represents like a third lean position on something. So like if. not completely off base. Not completely off base. Why not? Why not call it third then instead of tertiary? Because primary, secondary, secondary, third dairy?
Starting point is 01:06:55 Not a word, David. I don't know what they teach you up in Vancouver, but not here. Not churchery. They don't have teaching us that, that's for sure. All right. Any other last minute thoughts you had on that episode? KPI. KPI, key performance indicator.
Starting point is 01:07:08 Oh, right. Okay. So you're looking at your KPI's for the podcast, your downloads. All right, David. There's no chance. Shannon knows how to spell tertiary Well, you will find out
Starting point is 01:07:18 next episode Shannon, I want to come back to this podcast too. Yeah, but we never had a repeat. Why? You guys just drain people
Starting point is 01:07:26 of their information, get all of their finances down, get all their secrets and then cast them away. It's secret so that they can motivate and inspire the money money.
Starting point is 01:07:35 A bunch of fuck boys on here. Just sleep with them and just never call them back. Hey, guys, if you think we should have the one and only low show back, the luscious low,
Starting point is 01:07:44 go give us five stars, and say bring luscious low back like no don't bring him we could do a whole another episode with you yeah I have more secrets are you on only fans
Starting point is 01:07:55 what are you on only fans? No I'm not put my butt hole and shit on only fans I feel like you would probably would yeah times are tough but I'm okay right now any other thoughts
Starting point is 01:08:04 on the Steve Wilcoe show he was great I love how opening candid he was love that he talked about his salary $250,000 right is what he was getting yeah it's great nice guy
Starting point is 01:08:14 man's man too I love how Butchie was. Yeah, I felt that. I mean, it's just a great, like, I wanted to go have a drink with him. Same. All right. This is the longest recap in the history of the Trading and Secret show. We hope you guys are enjoying it.
Starting point is 01:08:25 David, Duk, aka Lowe, you're never welcome back. No, you're great. Lois adds a spice and an element of this recap. We have never had. David, any thoughts before we're at? No, I already left a review that I want Lowe to be our first ever repeating guest in the podcast. Wow. Our first ever repeat.
Starting point is 01:08:43 We'll bring them back. Thank you. Guys, we're tuning into another episode of Trading Secrets. Remember to go follow us on Instagram. Go follow us on Facebook. Give us five stars. We have the luscious low. We have the Curious Canadian.
Starting point is 01:08:55 And hopefully you thought this was an episode you couldn't afford to miss. Taking that money, living the dream. Please note that this episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct or indirect financial interest in products or services referred to in this episode.

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