Steps to Wealth in Asia or Africa

1. Educate Yourself

Invest in your education and skills. Knowledge is power, and the more you know, the better equipped you'll be to seize opportunities.

2. Start a Business

Identify a market need and start a business. Entrepreneurship is a key path to wealth, especially in growing economies. See my webpage about borrowing from Kiva.org to get started.

3. Invest Wisely

Invest in stocks, real estate, or other assets. Diversify your investments to minimize risk and maximize returns.

4. Network

Build a strong network of contacts. Networking can open doors to new opportunities and partnerships.

5. Save and Budget

Live within your means and save a portion of your income. Budgeting helps you manage your finances and plan for the future.

6. Stay Informed

Keep up with economic trends and news. Staying informed helps you make better financial decisions.

7. Save in Hard Assets

Consider saving in hard assets like Bitcoin. Bitcoin is a decentralized digital currency that can act as a hedge against inflation and currency devaluation. To save in Bitcoin:

8. Get Paid in US Dollars

You're on the right track by being paid in US dollars. The US dollar is a stable currency and can help protect your wealth from local currency devaluation.

9. Use Bitcoin for Transfers

Inform your family to transfer money using second-layer Bitcoin methods, such as the Lightning Network. This can help save and store their wealth in Bitcoin, rather than in local government currency, which WILL be declining against Bitcoin.  For help to get started, get in touch with Mr. Abubakar Nur Khalil of BTrust.tech/contact

10. Control Your Bitcoin

Store your Bitcoins in a hardware wallet where you control the seed words. This ensures that you have full control over your funds and enhances security.

[borrow to start a business]

African-Themed Life-Stage Wealth Plan

🌍 African-Styled Wealth Plan by Life Stage

🧒 Ages 18–30

Dollar-Cost Averaging

  • 70% → S&P 500 & broad ETFs
  • 10% → Bitcoin (monthly DCA)
  • 20% → Whole life premiums
  • Automate & reinvest

Lump-Sum Investing

  • 60% → S&P 500 ETF
  • 15% → Bitcoin (cold wallet)
  • 25% → Extra whole life premiums

Invest−Borrow−Die

  • Aggressive equities & BTC
  • Policy loans for liquidity
  • Step-up basis at death
👨 Ages 31–45

Dollar-Cost Averaging

  • 50% → Index & sector ETFs
  • 8% → Bitcoin DCA
  • 25% → Whole life premiums
  • 17% → Bonds & cash reserve

Lump-Sum Investing

  • Max retirement account
  • 50% → Diversified ETFs
  • 10% → Bitcoin windfalls
  • 40% → Paid-Up Additions

Invest−Borrow−Die

  • Diversify core portfolio
  • Use HELOC & policy loans
  • Trusts for tax-efficient transfer
🧔 Ages 46–60

Dollar-Cost Averaging

  • 40% → Balanced equity ETFs
  • 5% → Bitcoin (optional)
  • 30% → Bonds
  • 25% → Whole life premiums

Lump-Sum Investing

  • 50% → Balanced ETF portfolio
  • 5% → Bitcoin (if comfortable)
  • 45% → Paid-Up Additions

Invest−Borrow−Die

  • Preserve blue-chips & bonds
  • Borrow against assets & policy
  • Lock in guaranteed growth
👴 Ages 61+

Dollar-Cost Averaging

  • 30% → Income & REIT ETFs
  • 3% → Bitcoin (speculative)
  • 20% → Whole life premiums
  • 47% → Bonds & annuities

Lump-Sum Investing

  • 40% → Income portfolio
  • 60% → Single‐premium whole life
  • Minimize estate taxes

Invest−Borrow−Die

  • Policy & reverse mortgage loans
  • Minimize withdrawals
  • Tax-free asset transfer

Summary Table

Life Stage Stocks / ETFs Bitcoin Whole Life Bonds / Income Invest-Borrow-Die
18–30 70% / 60% 10% / 15% 20% / 25% — Aggressive, policy loans, step-up basis
31–45 50% / 50%* 8% / 10% 25% / 40%* 17% Diversify, HELOC/policy loans, trusts
46–60 40% / 50% 5% / 5% 25% / 45% 30% Preserve, borrow against assets, legacy
61+ 30% / 40% 3% / — 20% / 60% 47% Loans, reverse mortgage, tax transfer

*Lump-sum columns show allocation of each windfall or bonus.