For your first five short films you need your camera phone and a
few friends. You can edit on Windows Movie Maker or iMovie.
After you have made the first five you can look into getting a
small video camera like the Canon R32, Panasonic HC-V700 or
Sony HDR-CX160 - all under $500 - and a tripod. Make another
five. If you are still passionate about making movies you can buy
a microphone to get better audio and add some lights to make
your images look better.
Here is a list. You don't need all of this for quite some time but
it will give you good foundation to stand on.
a tripod
6 lights with stands
2 china balls
8 extension cords
6 power strips
black wrap and gels
2 bounce boards
a good external mic
a boom with extension cables
gaffers tape
a bunch of C-47’s - also called “bullets” or wood cloths pins
a coffee maker
a cooler
a slate with marker
If you can afford it - these items you can rent:
a dolly (wheelchair or doorway)
a simple grip kit with:
c-stands (at least 6)
flags (assorted sizes - at least

scrims (at least 6)
silks (at least 2)
cookies (at least 1)
sandbags (one for every light/c-stand and then 6 more)
For now write a few scripts that you easily shoot with your friends and take
those first steps with your phone camera.