Uploaded April 2026 | Updated September 2026, 2 weeks ago
✎ Get free access to our vault of PDF summaries for every YouTube video here: believe.evancarmichael.com/the-vault
✎ Check out my NEWEST video: goo.gl/E0eE6m
✎ Reading books is a great habit, but just reading one book a week won't make you rich on its own. You have to feed your mind every single day with the right information. Billionaires like Warren Buffett and Bill Gates do not just read for fun. They read specific books that help them make huge decisions in business and life. You should study books like The Intelligent Investor by Benjamin Graham or Think and Grow Rich by Napoleon Hill. These books teach you how to control your emotions and stay disciplined when things get hard. People like Dr. Joseph Murphy and Katherine Graham show us that mastering your own mind is the most important step to becoming a success.
✎ One of the biggest lessons you can learn is the difference between an investor and a speculator. A speculator is like a gambler who just hopes to get lucky and get rich quick. A real investor, like Philip Fisher or John Burr Williams, does the hard work of looking at facts and talking to real people. This is called the scuttlebutt method, where you learn the truth about a business by asking questions in the real world. You also have to be ready for failure, just like the stories in the book Business Adventures by John Brooks. Even the biggest companies like Ford make mistakes, but the leaders who win are the ones who learn from those pains and keep going.
✎ To truly grow, you must focus on serving other people instead of just trying to make money. Adam Smith wrote about this a long time ago in The Wealth of Nations. He explained that when you solve problems for others, you naturally build wealth for yourself. You also need to protect your mind from bad advice, which is a lesson from the book Where are the Customers' Yachts by Fred Schwed. Don't listen to fake experts who promise shortcuts. Instead, build your own mental models like Charlie Munger did. If you stay honest, work hard on the boring stuff, and never stop learning, you will reach your full potential and change your entire life.
✎ To get more details on all the research and studies mentioned in this video check out the articles below:
https://www.morningstar.com.au/personal-finance
blinkist.com/magazine/posts
jermainebrown.org/posts
en.wikipedia.org/wiki/The_Intelligent_Investor
investopedia.com/investing-4427685
entrepreneur.com/business
https://news.stanford.edu/stories/2005
timesofindia.indiatimes.com/education
time.com/4033395/elon-musk-learning
readlax.com/blog/en
azquotes.com/author/1825-Richard_Branson
virgin.com/branson-family
timesofindia.indiatimes.com/topic
★ BOOKS ★
• Momentum: amzn.to/3kJZIAv
• Build to Serve: amzn.to/3XZiCSg
• Your One Word: amzn.to/3R9qVII
• The Top 10 Rules for Success: amzn.to/3JcNZVe
• 254 Confidence: amzn.to/3jdh9c2
★ RECOMMENDED VIDEOS FOR YOU ★
If you liked this video, you'll love these ones:
• 5 Daily Habits to Get Rich From $0 in 2026 - youtu.be/7reDZKSDfBA
• Steve Jobs' Hidden "Mantra" For Massive Success - youtu.be/Ewj8hDkziW4
• Success is Hard Until You Build Systems Like This - youtu.be/TphrSegBpGM
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-----------------------------------------------------------------------------
Thank you for watching - I really appreciate it :)
Much love,
Evan
#Believe
✎ Get free access to our vault of PDF summaries for every YouTube video here: believe.evancarmichael.com/the-vault
✎ Check out my NEWEST video: goo.gl/E0eE6m
✎ Reading books is a great habit, but just reading one book a week won't make you rich on its own. You have to feed your mind every single day with the right information. Billionaires like Warren Buffett and Bill Gates do not just read for fun. They read specific books that help them make huge decisions in business and life. You should study books like The Intelligent Investor by Benjamin Graham or Think and Grow Rich by Napoleon Hill. These books teach you how to control your emotions and stay disciplined when things get hard. People like Dr. Joseph Murphy and Katherine Graham show us that mastering your own mind is the most important step to becoming a success.
✎ One of the biggest lessons you can learn is the difference between an investor and a speculator. A speculator is like a gambler who just hopes to get lucky and get rich quick. A real investor, like Philip Fisher or John Burr Williams, does the hard work of looking at facts and talking to real people. This is called the scuttlebutt method, where you learn the truth about a business by asking questions in the real world. You also have to be ready for failure, just like the stories in the book Business Adventures by John Brooks. Even the biggest companies like Ford make mistakes, but the leaders who win are the ones who learn from those pains and keep going.
✎ To truly grow, you must focus on serving other people instead of just trying to make money. Adam Smith wrote about this a long time ago in The Wealth of Nations. He explained that when you solve problems for others, you naturally build wealth for yourself. You also need to protect your mind from bad advice, which is a lesson from the book Where are the Customers' Yachts by Fred Schwed. Don't listen to fake experts who promise shortcuts. Instead, build your own mental models like Charlie Munger did. If you stay honest, work hard on the boring stuff, and never stop learning, you will reach your full potential and change your entire life.
✎ To get more details on all the research and studies mentioned in this video check out the articles below:
https://www.morningstar.com.au/personal-finance
blinkist.com/magazine/posts
jermainebrown.org/posts
en.wikipedia.org/wiki/The_Intelligent_Investor
investopedia.com/investing-4427685
entrepreneur.com/business
https://news.stanford.edu/stories/2005
timesofindia.indiatimes.com/education
time.com/4033395/elon-musk-learning
readlax.com/blog/en
azquotes.com/author/1825-Richard_Branson
virgin.com/branson-family
timesofindia.indiatimes.com/topic
★ BOOKS ★
• Momentum: amzn.to/3kJZIAv
• Build to Serve: amzn.to/3XZiCSg
• Your One Word: amzn.to/3R9qVII
• The Top 10 Rules for Success: amzn.to/3JcNZVe
• 254 Confidence: amzn.to/3jdh9c2
★ RECOMMENDED VIDEOS FOR YOU ★
If you liked this video, you'll love these ones:
• 5 Daily Habits to Get Rich From $0 in 2026 - youtu.be/7reDZKSDfBA
• Steve Jobs' Hidden "Mantra" For Massive Success - youtu.be/Ewj8hDkziW4
• Success is Hard Until You Build Systems Like This - youtu.be/TphrSegBpGM
⚑ SUBSCRIBE TO MY CHANNEL ⚑
If you want to do great things you need to have a great environment. Create one by subbing and watching daily.
youtube.com/subscription_center?add_user=Modelingthemasters
ツ CONNECT WITH ME ツ
Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too:
• Skool: skool.com/believenation
• Instagram: instagram.com/evancarmichael
• TikTok: tiktok.com/@evancarmichael
• X.com: https://x.com/evancarmichael
• Linkedin: linkedin.com/in/evancarmichael
• Facebook: facebook.com/EvanCarmichaelcom
• Website: evancarmichael.com
-----------------------------------------------------------------------------
Thank you for watching - I really appreciate it :)
Much love,
Evan
#Believe
