These 7 Wealth Mindsets Changed My Life and They’ll Build Generational Wealth Too
- Silivere Bakomeza
- Jul 28, 2021
- 4 min read
Updated: Oct 30
There’s a reason the rich keep getting richer and it’s not just about money.
It’s about mindset.
Not the fake kind you see in motivational reels. I’m talking about the quiet habits, the hidden beliefs, and the psychological frameworks that separate generational wealth from generational struggle.
I wasn’t born into money. I was born into war. I grew up in Kiziba Refugee Camp. No trust funds. No financial safety net. Just survival.
But over the years, I learned something critical: wealth is built in the mind before it ever shows up in your bank account.
These are the 7 wealth mindsets that changed my life and if you let them, they can change yours too.
Leverage Is the Hidden Key to Scale
Poor people trade time for money. The wealthy trade systems for money.
Leverage means doing more with less. It means buying back your time. And if you’re not learning how to leverage your time, your money, and your relationships, you’ll always be stuck.
Think about it like this:
A broke employee works 10 hours.
A rich business owner builds a system where 10 employees work 10 hours each.
That’s 100 hours of output without breaking a sweat.
And it’s not just about labor. Wealthy people leverage capital. They take a business earning $10K/month, use a loan, and scale it to $100K/month. Not through hard labor, but through smart systems.
Your Network Is Your Level-Up Button
“You’re the average of the five people you spend the most time with.”
If your friends all think $1,000 is a lot of money… guess what you’ll think?
Rich people intentionally curate their environment. They don’t just network to flex. They spend time around people who think bigger.
Want to think like a millionaire? Spend time with people who already do.
That doesn’t mean ditch your roots. It means stop letting small circles define your financial ceiling. If you’re the smartest person in the room, find a new room.
Investing Is How You Buy Freedom (Not Just Stocks)
Warren Buffett once said: “If you don’t find a way to make money while you sleep, you’ll work until you die.”
The poor hoard cash and fear risk.
The rich study risk and then invest with discipline.
You don’t need to be rich to start investing. I started with $50 and that felt like a million to me. Now I invest $50/day into MSTR, not because I’m trying to flip it next week, but because I’ve built a 20-year system.
Pick an asset.
Learn the rules.
Stack it consistently.
I started with just $50 using platforms like Robinhood, Webull, and Acorns and I still use them today. If you're a beginner, Start Robinhood. It's simple, and beginner friendly. also, they even give you a free stock when you signup
And don’t just invest in markets. Invest in skills. In relationships. In content. In your brand.
Ownership is the new job security.
Smart Debt Is a Weapon. Dumb Debt Is a Chain
The average person takes on debt to look rich.
The wealthy take on debt to get rich.
Here’s the difference:
Poor debt: car loan for flexing, credit card for gadgets, student loan with no plan.
Smart debt: business loan that earns more than it costs, real estate loan that cash flows, capital used to build assets.
Not all debt is bad, but most people never learn the difference. Wealthy people understand leverage through credit and know how to make it work for them, not against them.
Reading Is Free Leverage Most People Ignore
The average millionaire reads dozens of books a year.
The average broke person scrolls TikTok and calls it research.
Books are leverage. One $15 book can give you 15 years of someone’s experience. That’s a 1,000x ROI and it’s sitting in your pocket.
If you want to start thinking like the wealthy, read what they read. I started with books like Rich Dad Poor Dad, The Psychology of Money, and Principles by Ray Dalio and my mindset shifted forever.
Stop saying “I’m not a reader.” Start saying “I’m not broke forever.”
The Tax Game Is Played, Not Avoided
This one’s touchy, so let me be clear:
I am not giving tax advice. I am not a tax professional. This is not a guide to avoiding taxes. Always speak with a qualified professional.
What I will say is this: the wealthy don’t just earn money. They learn how to protect it. They study the rules, use legal strategies, and invest in professionals who help them structure their income efficiently.
That’s the real game.
Comfort Is the Real Trap, Not Poverty
Poverty hurts. But comfort? Comfort traps you in average forever.
Most people stay broke not because they lack potential, but because they settle.
They stay at the job they hate.
They ignore their side hustle.
They say, “someday,” every year.
Wealthy people stay uncomfortable on purpose. They take risks. They launch projects. They get rejected. They keep going.
If you’re too scared to make a move because it might fail, ask yourself this:
What if staying the same is the biggest failure of all?
🔁 What I Learned from Living Both Sides
I’ve been poor. I’ve had days where I couldn’t afford gas.
But I’ve also studied the mindsets of the wealthy. And I made a decision: I’m not dying in survival mode.
That’s why I started stacking MSTR.
That’s why I started BakoInvest.
That’s why I’m writing these posts every day, even after a long shift.
Because I know mindset compounds.
And once your mindset shifts, your life can’t stay the same.
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