How to Get Rich by Investing: 8 Steps for Any Age

From Refugee Camp to Financial Freedom Strategy

I wasn’t born into wealth.

I wasn’t even born into stability.

I was raised in a refugee camp in Rwanda, Kiziba to be exact. Today, I’m building my path to financial independence from the driver’s seat of a Denver city bus. And every day I invest $50 into one stock: MicroStrategy ($MSTR).

You don’t need a perfect background - just a plan, a phone, and the discipline to build.

Why? Because I believe in Bitcoin. I believe in conviction. And I believe that wealth isn’t reserved for the elite, it’s built by the disciplined.

This guide isn’t theory. It’s the exact foundation I’m following to build wealth from the bottom up.

Whether you’re 18 or 58, this is your roadmap.

🔑 Step 1: Change How You Think About Money

Wealth doesn’t start with more income.

It starts with better thinking.

Stop asking, “How much should I save?” and start asking, “How much of this can I turn into ownership?”

Instead of:

• Spending $100 on a weekend, put it in stocks

• Buying new clothes monthly, put it in crypto or ETFs

• Waiting to feel “ready,” start now, even with $1

Your mindset will always make the first investment before your money does.

Step 2: Understand the Real Math Behind Getting Rich

Let’s make this simple.

If you invest $10 per day from age 20 to 60 in an index fund earning 10 percent, you’ll end with over $1.6 million. That’s not theory. That’s compounding.

If you double it to $20 per day, that becomes $3.2M.

If you go with $50 per day like I do into MSTR, and you stick it out 20 years, even with drawdowns, you’re swinging for generational change.

Investing isn’t about timing. It’s about time and consistency.

Want help separating the signal from the noise so you can stay consistent in any market?

👉 Check out BakoSignal, my tool for identifying conviction-based opportunities in stocks and crypto.

Step 3: Build an Investing Habit Before You Worry About Returns

Most people don’t fail because they picked the wrong stock.

They fail because they quit when it’s boring or red.

Make investing boring and automatic:

• Set up auto-deposits

• Pick your platform (I use Robinhood for my MSTR strategy)

• Set a floor amount you invest no matter what

  
  

I treat investing like brushing my teeth.

Boring. Daily. Non-negotiable.

🧠 Step 4: Pick One Core Strategy and Stick With It

My strategy is simple:

• $50 per day into MicroStrategy

• Every market day for 20 years

• I document every week on BakoInvest.com

You don’t have to follow me.

But you do need a strategy.

Whether it’s:

• Index funds like VTI or SPY

• Bitcoin

• Dividend stocks

Pick one and stop hopping every time the wind changes.

Step 5: Learn the Language of Wealth

You don’t need an MBA. But you do need to know:

• What inflation does to your savings

• Why cash isn’t a long-term wealth tool

• What the S&P 500 is

• Why time in the market beats timing the market

You’re reading this post. You’re already ahead of 90 percent of people.

Every time you learn a financial concept, you gain years.

Start asking better questions. That’s how wealth accelerates.

Step 6: Use Tools That Fit Your Budget and Personality

Here’s what I personally use or recommend:

• Robinhood, where I run my MSTR DCA strategy

• Acorns, great for beginners and round-up investing

• Webull, great for charts and analytics

• Crypto.com or Coinbase for Bitcoin exposure if you want to build both stock and crypto conviction

Keep your system simple.

Make your decisions once.

Let automation do the rest.

Step 7: Automate Everything Because Emotion is Expensive

When I was younger, I’d buy high and sell low.

Why? Because I was investing on emotion.

Now I remove emotion:

• I invest automatically every weekday

• I don’t watch the chart unless I’m writing a blog update

• I don’t care if it drops 20 percent, I keep stacking

Automation makes your emotions irrelevant.

And that’s how you win long term.

Step 8: Think in Decades, Not Days

This is what separates wealthy investors from broke ones.

• Broke thinkers ask: What’s going to pump next week?

• Wealth thinkers ask: What will be worth holding for 20 years?

MicroStrategy might 5x. It might crash.

I’m still buying.

Because I’m playing a 20-year game.

That’s how you get rich - not by gambling, but by outlasting.

The $1 Per Day Challenge

If $50 per day sounds like a lot, start with $1 per day.

With platforms like Acorns or Robinhood, you can start investing with:

• $1

• Zero experience

• A phone

What matters isn’t how much you start with.

It’s that you start.

Want to See How I Do It?

I’m stacking MSTR shares every day and documenting it publicly.

You can follow the full journey here:

👉 Why I’m Betting My Entire Retirement on MicroStrategy (MSTR)

I update it weekly.

I break down real numbers.

And I’ll keep posting even if it drops 90 percent.

That’s what it takes.

Final Thoughts: Getting Rich Isn’t Magic. It’s Math.

I don’t have a rich dad.

I don’t have a degree in finance.

And I sure didn’t start with six figures.

But I do have:

• A plan

• A schedule

• Conviction

• And time

If you’re broke right now, don’t worry. I’ve been there.

If you’re young, even better. Time is your asset.

And if you’re older, you still have more time than you think.

What to Do Next

• Open a free account with Robinhood or Acorns

• Start with $1 per day

• Read one post a week from BakoInvest.com

• Explore BakoSignal to stay focused on conviction during noise

• Share this guide with someone who needs it

• Sign up for my email list and subscribe to my YouTube channel @bakoinvest

• Commit to your journey, then don’t stop