5 easiest industries to get rich in. Hello Viewers, welcome to another exciting
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I’ve never met anyone who doesn’t want to earn more money; even when they pretend
about it, their action often gives them away. You wanted higher education to be able to
earn more money from your job. You look for scholarships to be able to get a quality education
with someone else paying the money. Your parent wanted you to go to school, get good grades
and get a good job, so that you can make good money and live a better life. The world system
has been built around money. And those who try to deny this often fall victim of this
system. So what are some of the best ways to position yourself to attract more money?
You can either choose to blindly pursue a career in archaeology or you look for where
there is greater opportunity to create wealth. And most times, the best way to identify opportunities
is to follow the money. You ask the question which industries have produced the most wealth?
Which industries are the fastest growing? Answering questions like these can point you
in the right places to develop your underlying interests and passion. Let’s look at the
5 easiest industries that can make you rich. 5. Health
No matter where you live, we can all agree on one thing, health is wealth. This COVID-19
global pandemic has brought this truth to our attention more than anything else in recent
times. If the health industry is threatened, everything else comes crumbling down. The
global Pharmaceutical industry is worth over a trillion dollars. But that is just a part
of the health sector. The downside is that the health sector is more regulated than most
other sectors for good reasons. Notwithstanding, the health sector offers huge opportunities
to create enormous wealth. 4. Food and Beverages
The world has over 7 billion mouths to feed. By 2030, we’ll have an additional 1 billion.
And by 2050, we’ll be looking at around 9.7 billion mouths to feed daily. We are not
yet producing enough food to feed everyone on the planet adequately. As more people are
pulled out of poverty, we’ll have more people demanding for quality food and beverages to
consume. It doesn’t take critical thinking to see the potential in the food and beverage
industry. Regardless of whatever is going on in the world: pandemic, health or economic
crisis, climate change, or natural disasters, there is one unassailable fact about humans.
We must eat and drink. You won’t be wrong to build your career around the food and beverage
industry. 3. Real Estate and Construction
Real estate is the oldest source of wealth throughout the ages. The shelter is a necessity
of life, whether for private or commercial purposes. This makes real estate one of the
oldest and most inclusive industries for creating wealth. By inclusive, I mean that it is open
to as many people as are willing to be a part of it. Most wealthy people either got wealthy
from real estate or grew their wealth from real estate. The real estate industry has
an extensive value chain from property acquisition, to construction, maintenance, management,
professional services, advance security and other related activities. If you are looking
to grow your wealth, you can’t go wrong with real estate.2. Technology
Technology comes next to financial services for creating the highest number of millionaires.
In fact, both industries are the catalyst to the other. The marriage between the financial
service sector and technology has created enormous wealth like nothing conceived before
it. And both industries are the engine of other industries today. Technology, in particular,
has played out well in the hands of the younger generation. I can’t even imagine what the
level of unemployment would have been in a world of over 7 billion people without technology.
And if you think about the hatch economic environment in this part of the world, it
would have been a disaster without the opportunities technology has provided for the younger generation.
In fact, no other industry creates wealth as fast as the technology industry. Take for
instance Zoom. Zoom was founded in 2011. Nine years later, it is worth more than the top
7 airlines in the United States combined and has made the founder a billionaire. Some of
these airlines have been around for over 50 years. Look at the topmost valued companies
in the world today. Six out of the top 10 are technology companies. The interesting
thing about the technology industry is that it cuts across every industry. The agric sector
needs technology as well as the finance, media, health and retail industry. It also has room
for entrepreneurial, technical, sales and support personnel. There is a place for everyone
in the technology space. 1. Financial Services
The financial service industry has created the most number of millionaires since modern
times, according to the Wealth Report. A lot of money is made in the business of money.
People and organizations that are skilled in deploying and growing money are behind
the most successful ventures in the world today. Think about it, all the money people
make in the world are managed by a financial institution; it could be a commercial bank,
investment bank, a Hedge Fund, Insurance or a wealth portfolio. And when people transact
their money, it’s usually through some financial institution. The foundation of
the entire world’s economy is built on the finance industry. Most of the economic crisis
in history often originated from the finance industry. Like the 2008 Global Financial Crisis.
Likewise, most of the world’s economic prosperities are linked to the finance industry. No wonder
a lot of fintech startups are springing up today like FlutterWave, Mpesa, Bamboo, CowryWise
and many others. In fact, finance technology startups attract the most investment funding
in Africa than in any other category. The finance industry holds huge opportunity to
create wealth. And it employs millions of people across continents.
This post is not to encourage you to pursue a career or business simply because you believe
it will make you the most money. Instead, find the balance between profitability and
interest. Don’t just choose a field because of excitement or money. It’s smarter to
consider commercial value as well as what interests you. Thanks for watching, if you
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