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Mike Paul is the is the Founder and host of The Motor Madhouse Podcast where, as he says, “Car Junkies Get Their Fix.”. He grew up in a household of automotive enthusiasts where they specialized in buying, restoring, and selling 1968 to 1972 GM A-bodied vehicles. His background includes work in aviation maintenance, engine building, and as an automotive auctioneer. He’s bought and sold snowmobiles, ATVs, dirt bikes, rare muscle cars parts, plus classic and sports cars. Mike set a goal to own 25 different cars by the age of 25, which he did. By the age of 27, he’s owned 38 different cars and he’s on his way to owning 50 by the age of 30.
SHOW SPONSORS
Covercraft • MetronGarage • Christopher Kimball Financial Services
INSPIRATIONAL QUOTE
“I’m gonna save all my money and buy a GTO,” from a song by Ronnie and The Daytonas.
CAREER & LIFE CHALLENGES
One of my biggest career endeavors was to begin a collector car auction business when I was 22 years old and working as an aircraft mechanic. It was a great experience to see an idea that I had in my garage come to life. I knew nothing about starting a business, so the learning curve was great. I learned more from the two auctions we did than a college degree could have ever taught me. It was quite an experience with the weather fighting us at both auctions. It even hailed at the second auction. For anyone trying to start a similar business, focus on getting good cars there rather than having more cars there. Also, use social media as an advertising and marketing tool.
FIRST SPECIAL VEHICLE
It was a 1995 Buick Roadmaster. It still had the LT1, and was a powerful car. I put 1960 style rally wheels, white letter tires and Flowmasters on it. I even cut the hood scoops out of a 1970-1972 Buick GS and welded them on my hood.
BEST AUTOMOTIVE ADVICE
When it comes to buying and selling, a friend told me, “If you don’t lose every now and then, you’re not trying hard enough.”
RECOMMENDED RESOURCE
Craigslist, for dealing and Facebook Marketplace are two of my favorite resources.
RECOMMENDED BOOK
The Four Hour Work Week by Tim Ferriss
PARTING WORDS OF ADVICE
Chase your passions. You have to do what makes you happy. Money can’t buy that.
WHERE TO FIND MIKE
Motor Madhouse (new episodes every Monday)
Motor Madhouse Podcast Facebook page
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If you enjoyed this show, please go to Apple Podcast and leave me a five-star review. That would help tremendously in getting the word out and help others be inspired by Cars Yeah.