. >> hi, everyone, welcome to "on the money. i'm becky quick. he is the man behind 1-800-got tunk the high school drop out how being willing to fail can lead to success. flunking retirement. why not working just doesn't work for some people if you are worried about fluffy or fido putting on some weight over the holidays how to keep them in shape.

>> announcer: this is "on the money. now becky quick. we begin with recycling, when you sort your cans and paper in the right bin, you feel like you are helping the environment. for years, selling those were also a money making. that is not the case now that is what jane wells found in this cover story rethinking recycling >> reporter: the recycling business is getting trashed. >> the recycling model right now in the u.s. is broken. >> reporter: ceo of public services a waste management service doing very well with garbage business. not so well with recycling they are not alone for years, the garbage man picked up recycle possibles. he did well selling overseas to china.

now china has a pollution problem. those values have plummeted to about $200 a ton to half that. the values of these are coming down more and more consumers are putting in the wrong stuff in the bin. plastic bottles are fine, plastic bags, no they gum up the machines clean cardboard is great if you put in the greasy part of your pizza box, you could contaminate the entire load. >> we are sending the truck to your home to pick up clean recycleables and having to spend a lot of money to clean that up. >> it warns if the retail value stays low, collection rates at the curb could rise.

it might more slowly if people learn what goes in to the blue bin and what doesn't think loose paper cans and bottles. nearly a third of what comes in here, ends up in the landful from anaheim, california >> the ceo of the recycling partnership, a national nonprofit. kooej, thank you for being here today. >> hi, becky is this whole recycling issue broken >> it is not broken, it needs help >> this is a team sport. we are all involved. >> one of the key issues is people think they are helping. what do you do with consumers. how can you better educate them. >> we have a term for that

we call it wish recycling. people want to help. in order to get the rewards, we have to get the right things in the bin. one, recycle, two, recycle right and make sure none of it is bagged >> i've heard don't put the greasy box in. do you need to clean everything out? >> just think about it municipality has never made serious money. they may have gotten some revenue back, this has been a cost to communities they do it like they do public service and like they provide clean waters >> is this a real issue that if china is no longer buying it, it doesn't make the financial sense it did years ago >> we are in a change time

we need to hold the course while we err making a shift. we need to think why china stopped buying our stuff the truth is, we were sending them junky loads now that we are shifting to the domestic market and cleaning them up to get to the highest speaks, that takes money it is not and indicator that system is broken, it needs to be healthy and probust for years to come >> i understand your message i think most people want to do the right thing. i don't know if that will stand if they pay more money to do it. for management teams it has not been profitable for a while. do you have real concern what we've been doing for years will start to break down? >> there will be change. all these companies need to be

profitable this is not a good will exercise for them our current u.s. model is different than other countries it is at the expense of the local government to make that happen that's part of the reason our organization was founded to accept donations to really put them to work and build long-standing solutions. we know it is a big challenge for them to handle on their own. our current system has 20,000 local governments making their own decisions. they don't always know where to start. they look to us to bring them expertise and help and tools to bridge this gap we are facing in recycling. >> thank you for your time today, keefe >> thank you >> theairline industry is one sector jobs are taking off students are not only earning a

high school dip overwhelm au but graduating with a degree >> reporter: this isn't a typical shop class at this high school, instructors are teaching earning an opportunity to obtain a high school diploma as well as two faa licenses to enter directly into the work force >> never in a million years did i think i would be working on a plane. >> the school's role is important as boeing estimates 750,000 technicians will be needed the job can pay some $70,000 a year, with benefits and without a college degree >> the aviation industry is facing a growing set of challenges including aan aging

work force, a gender gap and lack of stem educated employees. >> at jetblue, the first woman to attend aviation high school she says there is also a perception problem the airline and others are working to change >> a lot of parents want kids to be in white color jobs in the industry, we have to do a better job of partnering with the schools. >> other challenges including overnight shifts with off hours. ensuring passenger safety means the job is both important and exciting >> to me, safety is a top priority you could have a family member or friends flying on the plane, you never know, safety is number one. >> finding teches to work which

is why they are partnering with schools around the country to ensure the pipeline. >> you touched on what they need to do the idea that parents want their kids to go to school and study white color jobs >> exactly, look at the pay, $70,000 and two faa licenses the idea that college is not necessarily for everyone we had a similar story with construction it is getting the information out there and talking about it and letting kids know it is for everyone including women >> thank you so much up next, we are on the money we'll talk to the founder of 1-800-got junk and how he turned one $700 truck into a $300

million empire and are you on track to retire what you need to do to avoid flunking retirement. and taking a look at stocks at the end of the week.

he was a high school drop out who is now a ceo he founded 1-800-got junk and three additional franchises. his brands brought in $300 million in revenue the authority of a new book called "willing to fail. thank you for being with us. i love your story. how did you go from dropping out of high school and talking your way into college >> it has been 30 years in the

making it has been that leadership less on for me. that mentality of being willing to make mistakes years ago, i fired my entire staff because i knew i had to restart. >> the book for anyone who hasn't seen it is entitled "wtf." that is willing to fail. what is your worse fail? >> i think hiring the wrong coo. we were not well aligned our visions were different she wanted to build commercially i wanted to go after resident al revenue, which is our bred and

butter >> i hear the ads and i'm drawn in the idea of pointing at stuff and making it go away is so addicting. >> it is like magic. over $300 million in revenue doubling over the next couple of years. >> how did you come up with the idea >>i was in a mcdonalds of all places, trying to get through college. i saw this truck i picked it up and started rubbish boys the day i sat down with my dad who was a liver trajs fer receiver and tell him, i have good news, i'm dropping out of

university i went from 14 schools from university to high school. the only diploma is kindergarten i think entrepreneurs are add. where we fail is when we don't bring on the right people. >> that's the tip you tell people choose wisely. >> find the right people and let it go. i'm an idea guy. find your executer and help them help you >> you are not still taking junk out of people's homes. >> i am doing the radio ads. they work, we have fun i get to do what i love in the business the pr, story telling, meeting with the truck teams it is fantastic. >> thank you it's a pleasure to meet you. >> thank you >> up next "on the money"

planning to retire soon. we have some tips on how to ace that next. and later, helping fido stay fit. the tricks you need to help your dog shed some pounds xfinity mobile is a new wireless network

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what does it mean to flunk retirement >> let's start with the bright side there are a lot of folks out there optimistic about retirement there was a new study that showed 85% of workers think retirement will be a positive new chapter. they are realistic they are worried about certain things about 40% are worried they are not going to have enough money 70% are afraid they'll run out of money and they are worried they don't know what they would do if they did run out of money it is a couple of things, not knowing what you would do if you aren't working that's another reason people feel like they may feel retirement they may not know what hobbies or interests they'll have or what family or community will be around you >> how much is financial and

emotional? >> i think it is both. i talked to a number of financial advisors, one who wrote a book, "retirement fail." he saids it more personal decisions that cause you to make poor decisions to not live the retirement life you want that can be not planning for the unexpected, a divorce can really derail your financial lifestyle, health care expenses higher than you expected or things you can control like you continue to subsidize your adult children. you make some type of investment children like pulling money out of retire to afford a lifestyle you really can't afford. >> here is what drives me nuts, the first question they ask you, how long do you plan to live that is impossible if i could tell you that >> that is impossible. there is a study that said

nearly one in three investors said they regretted pulling money out of 401 k too early and admitted it was an emotional decision they wanted because they wanted something right now. >> how can you avoid failing your retirement and rethink some of these goals what are less ones we should take away. >> one is a major lesson all the time stop overspending. stop overspending now and don't overspend in retirement. you also want to make sure, don't give your kids too much money when they are adults they need to learn how to be financially dependent. you never plan for a divorce in terms of health care, try to stay healthy and figure out perhaps how long you may live. we don't have to fail. rethink how you you are going to do it and you get an a plus.

>> stop spending money and work forever. >> up next "on the money," dogs may shed fur but many may also need to shed pounds. some healthy ways to get them on track. we'll be right back.

>> here are the stories coming up that may impact your money. how the services sector may do on wednesday, the durible goods

number is out. products intended to last three years but we know that doesn't always work out. we'll also get existing home sales for october. and as we head into the final shopping weeks of the year thanksgiving is on thursday. markets will be closed happy turkey day then on friday, get ready to shop black friday deals will begin. with thanksgiving around the corner and holiday celebrations in december, it can be tough to stay healthy it is not only important for you, it is important for fido as well we have veterinarian katie nelson and two guests with us. boomerang and cashew. >> both are up for adoption. >> they are both very sweet.

>> we did a weight lost challenge with appreciate pet and frolic dogs. in six months, we got 23.5 off the dogs the 80/20 rule 80% diet and 20% exercise. >> if your kid is late to school, it's your fault. if your pet is overweight, it is your fault what do we do? >> it is portion control we can do better the biggest mistake i find clients making it simply not measuring or just throwing some food down for pets and then overfeeding their pets what you feed too makes a big difference we know when we eat fresh,

healthy foods, we feel better and we look worse. it makes our skin worse and clothes don't fit as well. >> what is healthy foot for a dog. should you be feeding them dry, wet or table food? >> i'm not a proponent for table food there is too much things we cook with that upset their systems. i suggest feeding a fresh diet to your pets the same thing >> ones you make at home or that you buy? >> you can buy them. the one we used in our challenge is fresh pet it is a fresh cooked healthy diet you can find at the groeschry store or anywhere else the owners all reported their coat looked better one dog had an ear intucks for three months we took all of those nasty carbs

that they don't need that these dry diets are full of these fillers. we don't need it and they don't need it either >> if people are interested in adopting these two, tell us. >> animal haven in new york city if you are watching somewhere other than new york, there are pets all over the country looking for homes. go to your local shelter these two guys are from animal haven in new york city >> thank you they are both so sweet. that's our show for today. i'm becky quick. next week, affordable tech gifts for the holidays we'll see you next weekend

xx. >> we are live from the nasdaq look who stuck around on the big oa coming up on today's show. >> nvidia shares got wrecked today a similar selloff could happen in another client plus, after a bullish streak, bullish bets get going if you want to get i