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Warren Buffett Made Me a Millionaire at 26 | Here's How
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Imagine waking up one day, checking your bank account, and realizing... you're a millionaire. At 26. Sounds like a dream, right? Well, it wasn’t luck, a lottery win, or some secret family trust fund. It was the result of one man’s wisdom—Warren Buffett. In this video, I’m going to show you exactly how studying Warren Buffett’s wealth building principles completely transformed my financial life and how they can do the same for you. I don’t say this to brag, and I know this video will definitely get some hate. However, if I can help just one person by sharing the lessons I have learned from Buffett it would make all the hard work that has gone into making this video worth it. Stick around, because by the end of this video, you’ll have the blueprint that took me from zero to seven figures, all thanks to the Oracle of Omaha. Let’s dive in.
I remembered when I first stumbled across Warren Buffett. I was a freshman in college, scrolling on Youtube one night. I had always been interested in making money and investing but had never found a reliable wealth building playbook that actually made sense. That all changed the night the wonderful youtube algorithm introduced me to Buffett. I have since gone on to spend hundreds of hours devouring nearly every single piece of content on Warren Buffett. Those hundreds of hours can be condensed into this video and 4 key lessons from Buffett that made me a millionaire at 26.
The first lesson from Warren Buffett is to work in a career with high leverage. Let me explain what Buffet means with a quick story. At just 10 years old, a young Warren Buffett started his first job working at his grandfather's grocery store. Warren was essentially a helper, performing various tasks as needed, like stocking shelves, sweeping floors, and assisting customers. A young Warren Buffett would work grueling 10 hour days for just two dollars a day. Warren started running the numbers and quickly came to a realization. Even if he worked 100 hours a week, at just 20 cents an hour, he would never be able to achieve his financial goals.
This experience taught Buffett a lesson. If you want to get wealthy, it’s much easier when you have a high paying job. And the way you get a high paying job is to work in a position where you have what is known as leverage. Put another way, you want to be working a job where your income is not directly tied to the number of hours you put in. Here’s how to explain this concept of leverage when it comes to a career. Input times leverage equals output. Input are the hours of work you put in and output is how much you are paid. You may not have thought about it this way, but this leverage factor is why some jobs barely pay the bills and other careers can make someone a multi-millionaire.
Let’s compare Buffett’s grocery store job to his job as a research analyst at his mentor Ben Graham’s investment fund. In this role, Buffett was tasked with researching and identifying potentially attractive investments on behalf of the fund. Including performance based bonuses, Buffett's annual pay at this job reached as much as 20,000 in 1954 dollars. This is over 230,000 dollars in today’s money. This is incredibly impressive when you consider Warren Buffett was only 24 at the time.
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