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Home » Figuring Out: w/ Michael Phelps on Champion Mindset (Transcript)

Figuring Out: w/ Michael Phelps on Champion Mindset (Transcript)

Here is the full transcript of American swimmer Michael Phelps’ interview on Figuring Out With Raj Shamani, # FO458, January 15, 2026.

Brief Notes: In this compelling podcast episode, host Raj Shamani sits down with Michael Phelps, the most decorated Olympian of all time, to explore the obsession and discipline required to build a champion’s mindset. Phelps delves into the mental intensity behind his 23 gold medals, sharing how he eliminated the word “can’t” from his vocabulary and why he viewed every race as a full-blown war. Beyond the pool, the legendary swimmer discusses his journey with mental health, the importance of healthy routines, and how he now applies his drive for excellence to fatherhood and advocacy.

Introduction: Meeting the Beast

RAJ SHAMANI: 5 Olympic Games, 28 medals, 23 of them gold. 39 world records. If this man was a country, he would have been the third highest country with the medals. There is no other human being, there is no other athlete in the world who has achieved this much in a single sport as much as this person has achieved.

He’s a beast. He’s a maniac. He’s achieved numbers that no human has ever touched. He’s achieved numbers that might never be touched again. And for six years straight, this man trained every single day. No Sundays off, no holidays, no Christmas, nothing. No excuses.

How did he build this wild mindset? While the world was moving, he was training like a maniac. He was obsessed, trying to be better, faster. Just by one second, just by half a second.

And today on Figuring Out, we’re sitting with this beast, the absolute goat. It’s an honor to do the podcast with Michael Phelps, the greatest athlete, the greatest Olympian, the athlete which has never existed before and the world has never seen. And in this conversation, we’re going to figure out what it actually takes to absolutely become the champion, to build a mindset of a beast so that you kill it every time you enter the arena.

This podcast is like the masterclass of an athlete mindset. If you want to win this year, watch this till the end. You know, actually, before I even start this, for 0.01% of people who have no clue who you are, why don’t you tell us, Michael? Who are you?

Life Beyond the Pool: Fatherhood and Mental Health Advocacy

MICHAEL PHELPS: I was a swimmer at one point in my life. Won a couple gold medals, broke a couple world records, competed in five Olympic Games. I’m a father of four now. I have four boys. Nine, seven, six and almost two.

And I think a lot of what I try to do now is really promote healthy and active lifestyles, whether that’s water safety with my foundation, or it’s really trying to open up the world to the importance of mental health.

You know, I think for me, going through what I went through, the tail end of my career really helped me explore more about who I am. But also I think with me showing my vulnerability and opening up and talking about the struggles that I go through, I’ve been able to hear others or see others that have become vulnerable around me and shared what they go through.

And for me, I think the second part is way bigger than the first part because the second part, we’re dealing with life and death. The first part was awesome. Don’t get me wrong, it was incredible hearing my national anthem play and winning a bunch of gold medals. But you know, the fact that life and death is also in play with so many people.

I think I just read a stat. My wife just sent it to me yesterday. This was kind of crazy to me. Suicide’s the second leading cause of death for people 10 to 34. So for me, that’s why I say the second part is so much bigger.

Being able to save a life is a thousand times better than winning an Olympic gold medal. And for me, just being able to have the platform that I have to give me the chance to speak what I’m passionate about is really special.

The Restless Child: Understanding Young Michael

RAJ SHAMANI: Let’s try to understand both the phases of your life. Part one, part two. But before we go there, I want to understand something about you. When you were a child, from the beginning, tell me what do I need to understand about you?

When you were 10 years old, you were unable to sit in a class, you saw your parents’ relationship falling off, you were restless and not able to just cope up with everything which normal kids do. What do I need to understand about that, Michael? Which helps me understand everything that came after.

MICHAEL PHELPS: Yeah, I mean, I think for me, going back even before 10, when I was 7 years old, I was non-stop, kind of bouncing off the wall. I was always around the pool. My two older sisters swam. So I was around the pool all the time. So water safety was something that was a big priority for my mother.

And once I was in the water and I was safe there, I was kind of playing around the pool all the time. So that’s when I got into the water and then the water was kind of a release for me. Being able to kind of swim as hard as you want to go faster with anger, if you might have, it was something that I enjoyed.

Yeah, it wasn’t great dealing with anger as a 7, 8, 9, 10 year old kid. But for me, it was an outlet, and it was something that I ended up falling in love with.

And, yeah, I mean, I remember in middle school, I was told by a teacher that I would never amount to anything. And I still remember her name, and I still remember what she looks like.