How Warren Buffett Made His First $1,000,000

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Published 2020-12-13
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Looking for advice on how to accumulate your first $1,000,000? This video about how Warren Buffett, the world’s greatest investor, managed to go from ZERO to MILLIONAIRE at age 31. It will explain the events, characteristics and of course investments which helped him in achieving his early success.

Warren Buffett is a great source of wisdom, but to be honest, it is no longer that useful to study his stock market moves. Today, Buffett is managing hundreds of billions at his Berkshire Hathaway, and the difference between making money with such sums, and say, $1,000-$500,000, is like night and day. You play a totally different game than Buffett does today, and it is actually rigged in your favor. If you sit on a smaller fortune than a few billions, it is much more useful to study what Buffett did BEFORE he got rich. This video will cover just that – how Warren Buffett went from $0 in 1930 to $1,000,000 in 1961.

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Warren Buffett’s 25 Most Important Investments Ever (RANKED):    • Warren Buffett’s 25 Most Important In...  

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The investment strategies that I mention in the video:
- Magic Formula (Joel Greenblatt):    • THE LITTLE BOOK THAT BEATS THE MARKET...  
- Acquirer’s Multiple (Tobias Carlisle):    • THE ACQUIRER’S MULTIPLE (BY TOBIAS CA...  
- Net-Net Stocks (Benjamin Graham):    • SECURITY ANALYSIS - THE STOCK MARKET ...  

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Timestamps:
00:00 Intro
01:53 Buffett the Grinder (1936-)
03:00 Buffett the Detective (1936-)
03:57 Buffett the Math Wiz (1936-)
04:34 Buffett the Bookworm (1936-)
05:59 Buffett’s First Investment (1942)
08:02 Buffett’s Motivation (1943)
09:09 Buffett the Newspaper Boy (1944-1947)
10:43 Buffett the Bodybuilder? (1944-1945)
11:23 Buffett the Farm(own)er (1945-1950)
12:15 Buffett the Entrepreneur (1946-)
14:04 Buffett’s High School Promise (1947)
14:22 Buffett and College (1947-1950)
16:25 Buffett the Intelligent Investor (1949-)
19:03 Buffett: The A+ Student (1950-1951)
22:15 Buffett the Insurance King (1951)
24:34 Buffett and Susie (1951-2004)
26:50 Buffett the Stockbroker (1951-1954)
27:59 Buffett & Public Speaking (1952-1958)
29:33 Buffett & His Dream Job (1954-1956)
30:16 Buffett’s First Partnerships (1956-1961)
33:31 Buffett and the Cigar Butts (1956-1972)
37:39 Buffett: Completely Focused (1956-)
38:36 Buffett and Charlie Munger (1959-)
39:48 Buffett: Becoming a Millionaire (1961)

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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

All Comments (21)
  • Warren Buffett’s 25 Most Important Investments Ever (RANKED): https://youtu.be/jMuX_-hE7SQ
    WARNING: There's been a lot of spam on the channel lately by YouTube accounts trying to impersonate me and recommending scam investment managers. They have the same name as me and use the same logo. The purpose of this channel is to help people learn how to handle their own finances and their own investments. You should know that I would NEVER recommend that you put up your money with any of these managers. If I decide to promote something on this channel, it sure won't be any expensive money managers or bitcoin/trading scammers. Also, the promotion will happen in the video itself, not in the comment section. I bet that most of you see through these fakes, but if you ever feel uncertain you can tell the difference between my account and that of a scammer's by observing the name of the commenter. If the name is highlighted, it is my own comment. If the name is not highlighted, BEWARE! I encourage you to report the impersonator so that no one else is tricked into wasting their hard-earned money with them. You can help your fellow investors out here, as YouTube removes fake-accounts quicker when multiple people report their suspicious activities. Thank you!
  • @Alan7997
    Warren Buffet said you don't need a massive IQ to become successful in the stock market. That may be true, but everything about his early life implies that he was a profoundly gifted child.
  • @genesmolko8113
    Buffet became a millionaire at age 31, which today would be like having nine million by 31.
  • @hellcat1308
    My friend is also selling coke at nightclubs. He says it is very profetable but risky business. I hope one day he is new Warren Buffett.
  • after watching the video I just realized it was 40 minutes long. Great job on the preparation, presentation, and information in this video, you presented it incredibly well to the point where I thought the video was only 10 minutes long!
  • The story is inspirational. But I can also really imagine the research , time and hard work it took to make this video. Awesome work. Liked & Subd :-)
  • @TehBananaBread
    $2,542.07 today. Dude was earning 2500 per month doing a part time paper job. As a 16 year old. Yeah such a hard time to earn money those days. Boomers grew up in the easiest time ever.
  • @InternetOpinion
    Almost 100k that fast from pin ball machines and newspapers is crazy
  • @mahernajjar533
    How he became a millionaire by age 30:

    1. Grinding
    2. reading
    3. starting businesses
    4. delivering newspapers
    5. going to business school
    5. learning about value investing
    6. working for his idol and role model
    7. leveraging other people's money
    8. being on the constant lookout for cheap companies (stonks)
    9. staying focused
  • @DavidProrok
    5:00 - being way easier to start a business is kind of a catch 22 cuz the lower the barriers to entry, the faster profits evaporate
  • @sanekabc
    Most people should simply by an index fund and add to it each month. That is the advice Buffet gives his family.
  • I promise you that you will benefit from trading with Mr Sam. He trades what he teaches and regardless of your level of expertise my bet is that he will help you earn great profits.
  • @michajanek1497
    Great job! Big applause for the work you put into doing this video. I appreciated every sec of it. Thanks and see you again.
  • @teun7923
    His first million (adjusted for inflation) is now 6 million dollars.
  • @bjjdad2705
    Great video. Very accurate and a pleasure to watch. Thanks for putting it together
  • @mattkerle81
    Thank you for taking the time to make this detailed video, really appreciated!
  • @stevo728822
    These days young investors expect to become millionaires by buying some Bitcoins. Buffet put the leg work in and enjoyed doing it.
  • @SanndraB
    I just came across your channel, starting to learn about investing, stocks etc.... thank you so much for everything you share and looking forward to watching your other videos!🙏