Standing before George Mason University’s law school graduates in May, the 47-year-old attorney opened with the line he’s built a career on: “Survival is not something we just do in the woods.”

He said survival is something we each have to do “every single day, whether you’re building a fire, or gutting a moose, or drafting a motion.”

Nichols was in his third and final year of law school in 2008 when the U.S. housing market imploded and roughly 16 million homes were foreclosed. He recalled that one in three law students in his cohort never landed a legal job. 

Three months before graduation, the 35-attorney firm where he was clerking laid him off—and by the time he sat for the bar exam (which officially authorizes attorneys to practice in their respective state), he says he was in “panic mode.” He fired off 3,200 résumés to firms and lawyers across the country.

He landed 15 interviews, but walked away with zero offers. That’s pretty reminiscent of how recent graduates are feeling today. Recent research from Goldman Sachs economists shows AI  is erasing roughly 16,000 net jobs per month over the past year, and entry-level workers are being hit the hardest.

The national unemployment rate, which had sat around 5% when the recession began in late 2007, peaked at 10.2% in October 2009, the highest level since 1983. Today’s overall unemployment rate is about 4%, but time will continue to tell how much impact AI will have on the unemployment rate. Still, Gen Z (like Nichols in 2008) continues to report extreme difficulties finding job openings and little luck landing interviews. Some have even decided to circumvent corporate life altogether, opting instead for part-time or gig work.

Nichols can relate. He recalled a time when he was interviewing for an entry-level associate slot in Boynton Beach, Fla., when a partner pointed to a well-dressed woman in her 50s who was being trained to make copies. That woman was a licensed attorney with 20 years of experience, hired as the firm’s receptionist after 300 people applied. 

Asked why he deserved the associate job instead, Nichols looked the partner dead in the eye and said: “Because I am very, very good looking.” He didn’t get the job. “I couldn’t back it up,” he joked.

Building his own empire

After having no luck finding a job, Nichols got his license in October 2009 and opened his own practice the next day. He worked for free for 13 months and burned through $15,000 on failed advertising.

But in month 14, a final campaign exploded into a flood of clients. Nichols was only able to do this, though, because he had aggressively saved for years—a practice he continues to preach today.

He drove this point home by recalling a time when he was able to hire what he called a more credentialed classmate of his, who also hadn’t had luck finding a job. 

“The very first employee I had was a guy from my graduating class, and he had [a good] GPA, he’d been on the journal and internships… everything I wasn’t,” Nichols said. ”I graduated second-from-the-bottom of my class, and I was the weird dude who was always fishing instead of studying. I was a hot mess as a student.”

The difference between Nichols and his classmate, he argued, wasn’t talent: It was a cushion. 

“I had money in the bank, and he had debts,” he said. 

Nichols’ main advice to graduates was to save aggressively, because “money is freedom, money is power, money is flexibility.” When change comes, he said, the people who can afford to adapt prosper, and those who can’t get crushed.

Nichols practiced law in Virginia for a decade before YouTube outgrew his firm, but in May 2025 he waved goodbye to the platform that had made him. He cited the workload and the pressure on his family as the main drivers behind his decision to quit YouTube. 

Counting reposts of his content elsewhere, he said his family had been viewed some 4 billion times on top of the channel’s own 2.5 billion. The volume of fans approaching him in public, he said, “can be a bit overwhelming at times.” He and his wife were worried about whether the family could keep living normal lives if he kept growing at that pace. Many have tried to estimate his net worth, or at least how much he would’ve made from YouTube, but the estimates vary too widely to accurately determine it. It’s likely safe to say, based on a wealth of estimates, that Nichols is at the very least a millionaire by now.

Nichols told the George Mason graduates: “If you are fortunate enough to get a paycheck, don’t you screw it up either.”