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Entrepreneurial Beginnings and Life Philosophy

21:13
37:28
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At 21:13 in

Jimmy Spencer's 90s NASCAR Busch Series Shop: Former Home of Mr Excitement! (Spencer Motor Ventures)

What happens here

Jimmy recounts his early days, flipping hamburgers for $1.25 an hour and selling pepper steaks to earn money. He describes how his wife, Pat, helped him transition from restaurant ownership to selling cars, a passion he discovered in high school. This led to their eventual move to North Carolina and the establishment of his racing career. He also shares a comical story about his first cell phone, a 'bag phone,' which ironically had better reception than modern smartphones.

Goal: Understand Jimmy's journey from early jobs to car sales and his views on technology.

Tools and materials

  • Panasonic 'bag phone' Panasonic — Recalled as his first cell phone

What they say

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Exactly. I've been looking and they're all garbage. They are. Here's another one. See, I don't like this. I don't like that. I don't like the wheels. I don't like the headers. Yeah, those those were in style at one time, but hey, a lot of guys do. I like the original like that Mustang. That's cool. Yeah, it is. I like that stuff. But I have a lot of great memories. It's really cool that you have an appreciation for all cars, not just race cars. Yeah, I was in the carpets. That's how I raced. I was in high school. I was flipping hamburgers $1.25 cents an hour. Deal was it was we were selling food and the salesman came in and he had these pepper steaks. He goes, "Look, Jimmy, I could sell you these and I forget it was like 48 in a case and he could sell them to me for like 30 cents a piece or whatever." So he he brings one, we make them. I said, "Give me a case and I'll try them." Two days they're sold out. So the next week comes and I do it again, but I buy three cases. And believe it or not, my uncle Joe was the manager of the restaurant. He said, "You ever do that again, I'm firing you." Listen, you son of a I quit. When you can't see the writing on the wall and I says, "You know what, you son of a I'm going to own this restaurant one day." 3 months later went out of business. I bought the restaurant, my wife and I, my girlfriend, which is my wife for 40ome years, Pat. We started our first car lot. That's awesome. But I was selling cars in school. Uh, I remember Mr. Croy. I had a 72 Chevy Malibu, 307 automatic power steering, and boy, it was a nice car. Bought it from Hassai Chevrolet. Cleaned it all up. I drove it to school and Mrs. Croy saw the car. I sold it to her for,00 bucks. That That was a good time. And uh she drove that car till I graduated high school. But uh you know I I realized then I could make money selling cars and I loved cars. And then my wife, she went over the end. She she went off the deep end. She started cleaning cars and she started scrubbing the headliners. She started scrubbing them and they were like bring I mean they were incredible. And I and I she went to school to be she worked for J C Penney and and and was in marketing and stuff and and sales and I said you can make more money in the car business with me. Well, she believed me and we did and then we kept building up building up and then we moved down here in 80 kids were born ' 86 and 88. We moved down here in ' 88 after Katrina was born. We wanted them both the kids born…

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