Or rather, he's telling Americans to make a run for their money. The 85-year-old former Johnny Carson sidekick stars in two videos for FreeCreditReport.com, spitting rhymes, riding with honies and rocking a leopard print tracksuit.
"I’ve had problems, why not utilize my problems to do something good? I think it’ll help other people around my country," McMahon told ABCNews.com.
In July, McMahon made headlines when he defaulted on a $4.8 million mortgage on his six-bedroom Beverly Hills mansion. Donald Trump came to his rescue in August, when he announced that he would purchase the aging comic's home from Countrywide Financial and lease it to McMahon, thereby avoiding foreclosure.
As any rapper will attest, the best rhymes hail from hard times. Judging from his lyrics, McMahon seems to agree:
"When I retired, I was famous/I had money and glory/I bought a house for 6 mil./I thought nothing could touch me/Until my credit went south, and debt started to crunch me/Next thing I know, instead of playing gin rummy, I was scrambling just to make ends meet/It wasn't funny."
But now, working again, McMahon's on the rebound, and counting himself among the ranks of Los Angeles' rap elite.
"Me as a rapper is kind of a wild thing," he mused. "I can sing the blues -- I’ve been known to sing the blues on many occasion. Rapping is difficult but somehow we nailed it down, and I am now officially a rapper."