2024 Vanity Fair Oscar Party Hosted By Radhika Jones - Arrivals
BEVERLY HILLS, CALIFORNIA - MARCH 10: Matthew McConaughey attends the 2024 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts on March 10, 2024 in Beverly Hills, California. (Photo by Lionel Hahn/Getty Images)

It's been three decades since Matthew McConaughey got his start on the big screen, coming a long way since playing 'Guy 2' in a 1993 episode of 'Unsolved Mysteries.'

In an interview with PEOPLE, McConaughey described the trials and tribulations of what he calls the "initiation process" in Hollywood, saying he's had his fair share of "ups and downs."

"My star meter has been higher, my star meter has been lower. I've won Oscars. I've been arrested playing the bongos naked," McConaughey, 54, stated.

96th Annual Academy Awards - Roaming Red Carpet
HOLLYWOOD, CALIFORNIA - MARCH 10: (EDITOR'S NOTE: Image was converted to black and white) Matthew McConaughey attends the 96th annual Academy Awards on March 10, 2024 in Hollywood, California. (Photo by Emma McIntyre/Getty Images)

The acclaimed actor's candid remarks shed light on the often overlooked challenges and complexities faced by newcomers in the entertainment industry.

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"There's a lot of things you learn 10 years after being in Hollywood and you go, 'Well, why didn't they tell me that in year two?' Because there's an initiation process," he explained. "There just is. You can get tips, but you've got to figure out the BS, cut the wheat from the chaff along the way."

The Oscar winner, reflecting back on the past 30 years, wouldn't have changed his path if he could — admitting that he would not give his younger self any advice on maneuvering the industry.

2024 Vanity Fair Oscar Party Hosted By Radhika Jones - Inside
BEVERLY HILLS, CALIFORNIA - MARCH 10: EXCLUSIVE ACCESS, SPECIAL RATES APPLY. (L-R) Tiffany Haddish, Matthew McConaughey and Martin Scorsese attend the 2024 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts on March 10, 2024 in Beverly Hills, California. (Photo by Stefanie Keenan/VF24/WireImage for Vanity Fair )

"Oh, I wouldn't tell him," he began. "I'd let him figure it out the same way I did. Take feeder roads off the highway. Get confused, get frustrated, feel lost, and overcome it."

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The 'Wolf of Wall Street' star reveals the special moments in his career, including connecting with his children through his previous voice acting gigs, Like 'Sing' (2016) and 'Sing 2' (2021).

"Hey, that sounds like... " They had that moment where they look at the screen, audio, look at me sitting next to them, do the math and go, 'That's you,' " the Texas native said.

He shares three children with his wife of 12 years, Camila Alvez: Levi, 15, Livingston, 11, and daughter Vida, 14.

Tags
Matthew McConaughey, Hollywood