Everyone talks about how you have to become an entrepreneur to stand a chance to become
a millionaire, but most millionaires become one by having a high paying job. They might
not drive supercars or fly private because it's so expensive even most millionaires can't
afford that, but nevertheless, they have a net wroth of over a million dollars.
If you land a high paying job, you almost certainly will become a millionaire in your
lifetime, no wonder why 40 percent of millionaires are in the United States.
But what are the highest paying jobs? What are the jobs that almost certainly can turn
you into a millionaire? You will find that out in this video, so give this video a thumbs
up and subscribe if you are new around, and let's get right into it.
Number 1: Commission based job
this not what you have expected, and if you take a look at any statistics, you will not
find this at the top of the highest-paying jobs, but a commission-based job will give
you the highest possible chance to become a millionaire. When you have a traditional
job, you are usually paid based on your time. If you work this many hours, you get paid
this much. No matter how much you get paid per hour, what's certain is you have a limited
number of hours a day, so even if you are paid a thousand dollars an hour, you cant
work for more than 10 or 12 hours a day because you will have to sleep and take care of your
other needs. So you are limited to 12K hours a day, but if you are paid based on your results,
then you have the freedom to come up with more creative ways to sell.
Let's, you are a real estate agent, and you get paid a tiny percentage out of each house
that you sell. Now it doesn't matter how many hours you work. It all comes down to how many
houses you sell and how expensive these houses are. You can improve your negations skills,
find more creative ways to find clients, and build strong connections with people who can
afford to buy a house, and instead of selling a 200K dollar house, sell a 20 million dollar
house. A single transaction can literally earn you more money than most people make
in an entire year. 2. Anaesthesiologist
It doesn't matter what statistics you look. Anesthesiologists are always at the top of
the heighest earners. It seems like the most certain path to become a millionaire is to
become an Anesthesiologist. of course, it's not easy. It takes years of dedication, commitment,
and discipline, but with an average salary of 340K, I think it worth it, and that is
the average, imagine how much the highest earners in this field make. I won't be surprised
if its millions of dollars, maybe even tenths of millions of dollars. in fact, the starting
salary of an Anesthesiologist in the US is around 200K dollars.
Of course, a big chunk of this paycheck will definitely go to taxes since income tax grows
higher and higher as you make more money, but that is still an incredibly huge number.
Number 3, doctors If you visit the official website of the bureau
of labor statistics and take a look at the highest-paid occupations, you will find out
that the top 10 occupations are all in one way or another are medical professions. Psychiatrists,
surgeons, gynecologists have all dominated the list.
No wonder why becoming a doctor is such a prestigious job, I guess a big portion of
millionaires in the country are doctors. Even if it takes you ten years to become a qualified
doctor, with an average salary of 200 to 300K dollars, its just a matter of a few years
before you will be able to save a millon dollars. I am still surprised why my parents didn't
insist on me becoming a doctor. Despite that astronomical salary, it doesn't
make sense to pick a job just because it pays better. I would have turned into a horrible
doctor since it's not something that I am passionate about, and it takes unbelievable
discipline and hard work to become one. So, don't let any of these salaries fool you
if you are not passionate about it because it takes at least 10 to 14 years to become
a qualified doctor. number 4 cybersecurity -
Another field that pays really high is cybersecurity. When the internet was invented, no one thought
that it could be so big. We are at that point where imagining life without the internet
is impossible. In fact, if it wasn't for the internet, you wouldn't be able to watch this
video. It gave us an opportunity to connect the entire planet into one place. It's just
unbelievable that you can pick up your phone in Florida and connect to someone who is on
the other part of the planet in real-time. It also transformed the financial industry.
Sending money to someone was a nightmare just a few decades ago. Now you can do it from
the comfort of your couch, but that comfort came with a lot of risks. Whatever is online
is vulnerable to hackers. While everyone wants to be able to quickly send money, no one wants
their bank account information be stolen and misused.
In 2017, hackers stole over 172 billion dollars. That's like hackers stealing Jeff Bezos's
entire net worth overnight and leaving him with just 10 billion dollars. That's why companies
are pouring billions of dollars to make their systems safe and secure. If your credit card
data gets stolen once, you probably won't purchase anything from that website again.
So companies are paying an average salary of 250K dollars if you can help them to protect
their systems. if you are a good hacker, you can definitely become a good cybersecurity
expert. But if you don't want to save your paycheck for a few years at least to be able
to call yourself a self-made millionaire, try hacking an iPhone. If you successfully
hack the iPhone, Apple is offering between $100,000 and $1 million for anyone who can
hack an iPhone. And that's not unique to apple. Facebook, Google, and other tech companies
offer similar bounties, but apple by far offers the biggest paycheck.
5. data scientist Have you ever heard that: "Data Is the New
Oil of the Digital Economy." since the dot com bubble, data has become the most valuable
commodity on the market. In the past, if you would start a business,
you had to research the market and find out what is in demand. If pink t-shirt were trending,
all you had to do is order a ton of pink t-shirts and price them competitively and just hope
that you can sell them. But that has changed. With the rise of social media, you no longer
have to guess. People are giving away their data for free; what they like? What are they
interested in? And what they are ready to pay for?
You no longer have to guess. You can find clients who are ready to pay for your products
just by running some online ads. But most of these data are usually messy, and the job
of a data scientist is to structure them and make a sense out of them so that it could
be useful. the average salary of data scientists is over 122K dollars. in fact, as the number
of internet users grows every year, the demand for data scientists would grow as well
6. petroleum engineer While data is the new oil, the actual oil
is still here and doesn't seem to go anywhere anytime soon. Of course, it will become less
relevant every year since we are moving to renewable energy sources, but we are still
far away from building electric planes or rockets. Rockets or planes are so heavy that
they need an enormous amount of energy to overcome gravity and fly, so Petroleum engineering
is still a field that pays a lot. We all want every car in the street to be electric, but
even according to Elon Musk, it will take us at least 20 more years.
The starting salary of a petroleum engineer is over 77.5K dollars, and an experienced
engineer easily makes over 135K dollars. While it's not as much as what you would get as
a doctor, it is still enough to provide you with a pretty comfortable life and turn you
into a millionaire in the long run, especially if you work slightly harder and become better
than the average engineer.
7. corporate lawyer.
No matter where or when. Lawyers seem to always be at the top of the highest earners. While
not all lawyers make a lot of money, corporate lawyers who work for a giant corporation are
known to make fortunes. A company gets into a lawsuit. If it loses, it might have to pay
hundreds of millions of dollars, if not billions, so it hires the best lawyers in the world
to win the lawsuit and pays them a fortune. Companies usually have anything from a few
lawsuits to dozens if not hundreds running at the same time. So if you are a good corporate
lawyer, expect calls from the world's largest corporations.
But if you end up just an average lawyer, that's also not bad because the average base
salary starts at 110K dollars. If you also include commissions, bonuses, that number
could double or triple.
Before we end this video, I just want to say that it doesn't matter what industry you get
it and what job you end up getting. It all comes down to you, to your discipline, creativity,
and commitment. If you are good at what you do, if you are better than your competitors,
then you will certanly be rewarded for your effort and the value you bring in, so focus
on becoming the best in whatever you do. And don't forget that you can get four free
stocks from we bull if you use the link in the description.
Thanks for watching and until next time.