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✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/the-vault
✎ Check out my NEWEST video: https://goo.gl/E0eE6m
✎ To get more details on all the research and studies mentioned in this video check out the articles below:
https://www.theguardian.com/lifeandstyle/2012/feb/01/top-five-regrets-of-the-dying
https://pmc.ncbi.nlm.nih.gov/articles/PMC6688745/
https://thevectorimpact.com/brands-that-started-as-hobbies/
✎ Keeping your passion as just a hobby is a waste of your potential because you risk waking up with regret. Walt Disney started drawing cartoons for fun, but he turned those doodles into an empire because he had the courage to go all in. I did the same thing with salsa dancing. I started as an awkward guy with two left feet, but I loved it so much that I eventually bought the studio. You have to stop treating your passion like a cute side interest. Alicia Schaefer went from crafting in her kitchen to being a top seller on Etsy because she decided to treat her art like a real business. You also need to start before you feel ready. I missed out on a 40 million dollar deal for my software company because I was stuck trying to make everything perfect.
✎ You cannot build a business alone. I am an introvert and I used to be too scared to ask for help, which almost made my first company fail. You need to share your journey and find a community. Success also takes a lot of patience. My YouTube channel took five years just to get 2,000 subscribers, but I kept going because I wanted to help entrepreneurs. You have to stay connected to your purpose. If you only chase money, you will quit when things get hard. My salsa partner Alex was the worst student we ever had, but he became our head instructor because he had grit. He proved that sticking with something you love beats talent every time.
✎ There are 10 money traps that will keep you poor if you do not fix your habits. Money is just a tool, and if you do not know how to use it, you will lose it like lottery winner Jack Whitaker. You need to avoid the scarcity mindset and stop thinking that money is bad. Do not fall for get rich quick schemes or stop learning new things. You also have to stop doing everything yourself and learn to manage your cash flow. I almost quit my first business when I was making very little money, but I decided to model Bill Gates instead. I learned that the only guaranteed way to fail is to give up too soon. If you avoid these traps and keep pushing, you can build the life you want.
★ BOOKS ★
• Momentum: https://amzn.to/3kJZIAv
• Build to Serve: https://amzn.to/3XZiCSg
• Your One Word: https://amzn.to/3R9qVII
• The Top 10 Rules for Success: https://amzn.to/3JcNZVe
• 254 Confidence: https://amzn.to/3jdh9c2
★ RECOMMENDED VIDEOS FOR YOU ★
If you liked this video, you'll love these ones:
• From Homeless Musician To Global Icon: The Ed Sheeran Story - https://youtu.be/S61GIeZI2G0
• How to ACTUALLY Get Rich From Nothing - https://youtu.be/wQTWChln-Dk
• Jack Ma: The Man Who Failed At Everything (And Became a Billionaire) - https://youtu.be/y5cI1OrcWxc
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