How to Break Generational Poverty and Build Wealth That Lasts

Introduction

You’ve probably heard of families like the Walton family (worth over $238 billion), the Mars family ($142 billion), the Koch family ($124 billion), the Hermès family ($112 billion), and the Saudi Royal Family (over $1.4 trillion).

These families didn’t accumulate their wealth by thinking or living like everyone else — they thought differently, acted strategically, and planned for generations.

In this article, we’ll explore practical steps you can take to break free from generational poverty and start building real wealth for yourself and your future generations.

What is Generational Poverty?

Generational poverty occurs when low-income families pass down their poverty to their children — not just financially, but mentally and culturally.

Growing up in Africa, I witnessed poverty firsthand:

• Lack of clean water

• Inadequate food

• Poor education

• Unstable living conditions

When my family relocated to the United States through the refugee resettlement program, I realized that life could be different.

It opened my eyes to opportunities I never thought existed.

Today, I’m determined not just to change my life — but to help others break the cycle as well.

6 Ways to Break Generational Poverty and Build Generational Wealth

1. Invest in Yourself

The best investment you’ll ever make is in yourself.

• Attend school.

• Read financial books and blogs (like this one).

• Watch YouTube videos and listen to podcasts.

• Attend seminars and workshops.

Knowledge builds confidence and opportunities.

Even if you lose money, your skills stay with you — and they can help you rebuild faster than ever before.

2. Change Your Circle of Friends

Take an honest look at the people around you:

• Are they helping you grow?

• Are they inspiring you to be better?

• Or are they pulling you down?

You are the average of the five people you spend the most time with.

If you want to break free from generational poverty, you must upgrade your circle, even if it means leaving behind long-time friends or even family members who hold you back.

3. Start a Side Hustle

Don’t rely on one source of income.

Start a side hustle today — even if it’s small.

It could be anything you enjoy:

• Freelancing

• Selling crafts

• Content creation

• Tutoring

Your side hustle today could turn into a full-time business tomorrow.

4. Open an LLC (Own Something!)

Ownership is power.

Wealthy people own companies, not just jobs.

Registering your side hustle as an LLC (Limited Liability Company) offers many benefits:

• Builds business credit.

• Makes it easier to get loans.

• Reduces your tax bill through deductions.

• Increases your social and financial credibility.

Owning a company changes how banks, authorities, and even society view you.

Ownership = Freedom.

5. Invest in Stocks and Cryptocurrency

Investing is how the wealthy make their money work for them.

• Stock Market:

  
  

  Invest in solid companies or broad market ETFs like the S&P 500. Historically, the S&P 500 grows by around 8% per year. Over decades, this compounds into real wealth.

• Cryptocurrency:

  
  

  Bitcoin and Ethereum are emerging asset classes.

  
  

  They are volatile but could be huge long-term bets — just like how the internet seemed risky in 1999 but became essential later.

Be cautious.

Do your own research — especially after collapses like FTX and Terra Luna.

Remember: High risk = potentially high reward.

Want to see how I’m building my wealth through extreme long-term conviction investing?

Check out my public 20-year $MSTR investing journey → Why I’m Publicly Betting on Just One Stock — Even Though I Own Others.

6. Invest in Real Estate

Real estate is a proven path to building generational wealth:

• Banks are willing to fund real estate purchases.

• Rental properties generate steady passive income.

• Property values typically appreciate over time.

You can even hire property management companies to handle day-to-day operations — making real estate truly passive after the initial work is done.

Conclusion: Generational Wealth Is Built, Not Inherited

Breaking generational poverty is not easy — but it’s possible.

It requires:

• Patience

• Discipline

• Long-term thinking

• Relentless action

Remember:

Generational poverty is not a curse — it’s a mindset.

And mindsets can change.

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Let’s build something future generations will thank us for.

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