Three African billionaires share their principles on money and wealth

Strive Masiwiya

According to the richest person in Zimbabwe, he learned most of his business principles from his mother, who taught him and his siblings how to save money, remain content with one’s resources, and always reach out and interact with others. Masiwiya has maintained the principles he learned from his mother and used them to developed a business mindset that guides him to this day.

“Your Attitude Sets Your Altitude – there is nothing gained by complaining; never complain and never allow yourself to feel bitter, because you feel you are not being treated well by others. Always show respect and gratitude.”

“You Must Save – the capacity to save money and live within one’s means is extremely important. Even when things are good, don’t behave as though there is no tomorrow. Have the discipline to save from whatever little you get, even if it is a dollar. Whenever I have seen people fail in business, sadly, I usually find that they were not disciplined in this basic and foundational area of success. Saving must be a culture; friends, you must develop a savings culture.”

“Be Frugal With Your Money – avoid showing off or attempting to impress others.”

“Avoid Borrowing Money – relationships are incredibly precious because they are hard to come, and one sure way of breaking a relationship is borrowing money and failing to pay back. If you do borrow money, then be quick to pay it back, but don’t make borrowing a habit.”