When it comes to money one of the most important decisions you can make is the
field you choose to work in well not everyone chooses their career based on
its earning potential there is no doubt that having a good paying job can make
life a whole lot easier so boss if you are someone who wants to
earn a handsome income and be financially well-off then you're in luck
because in this video I will share with you seven industries most likely to make
you rich and if you're new to the channel then hit the subscribe button
below for more life-changing content now before we go through the list of the
seven most lucrative industries I think it's important to highlight why choosing
a career in one of these profitable fields is so valuable first it's pretty
obvious that earning a large salary is better than making a minimal salary as
having the money allows you to buy nice cars go to fancy restaurants and have an
amazing wardrobe however if you've been watching my videos for a while you'll
know that I preach that money can make you happy but only when spent correctly
and in my eyes spending on material goods isn't a path that leads to
happiness that being said making a significant
income can give you the ability to donate to charity support your family
members or retire early and these are some of the ways you can use that money
to make not only you but those around you much happier
so one industries will give you the opportunity to do all these wonderful
things the following seven industries are expected to create the most high net
worth individuals meaning that those who pursue careers in these fields will have
a net worth of at least 1 million dollars without including the value of
their home industry number one education if you've gone to college or looking to
go in the near future it will be glaringly obvious why the education
sector is a profitable industry to work in in the past 30 years tuition rates at
public institutions have increased by 213 percent from an annual tuition cost
of three thousand one hundred and ninety dollars to nine thousand nine hundred
and seventy dollars in 2018 but maybe you want to attend a prestigious school
instead well the costs only further increase a 1988 graduate of Harvard
University would have to spend seventeen thousand one hundred dollars on tuition
during their senior year and a current student in the same program would now be
paying forty four thousand nine hundred and ninety
annually the point of these costs is to illustrate just how much money college
and universities make and those people who are being paid by them are reaping
all the benefits an American Association of University Professors tracks academic
salaries in the United States and based on their recent reports the average
salary of a full professor is a hundred and two thousand four hundred two USD
and it's not uncommon for Dean's of faculties in other leadership positions
to make much much more now standing in front of a class and teaching may not
appeal to you but that doesn't mean you can't make a large salary in this field
superintendents the directors who manage all aspects of a school district such as
a quality of education policies and procedures the maintenance of school
staff and the operating budget are definitely not struggling financially
across the United States the average salary of a superintendent is one
hundred and thirty three thousand six hundred and six dollars to one hundred
ninety three thousand nine hundred eighty three dollars which proves that
there are lots of ways of becoming rich in education industry industry number
two communications you can have the best product or service in the world but if
no one knows about it then it will never sell which is why the field of
communications is an industry that can be financially beneficial to find
yourself in in fact for a few years Carlos Slim the CEO of tell'em X a
Mexican telecommunications company was the richest man in the world but let's
face it not all of us can build a giant telecommunications company but that
doesn't mean you too can't become rich working in this field take the role of a
Content strategist for example while according to the Bureau of Labor
Statistics the communications profession as a whole is expected to decline by one
percent over the next few years that doesn't mean that those skills are out
of demand tech savvy editors who dole mind learning how to use Google
Analytics and the basics of SEO can transition themselves from editorial
management roles into this relatively new occupation and earn a good living
doing it with a median pay for advertising and promotions managers
sitting at just over a hundred seventeen thousand dollars industry number three
real estate when people think of careers in real estate they often picture the
high earning real estate agents they see on reality TV
selling multi-million dollar mansions and while a lot of these sales a
agents are earning big-time money the real estate industry has many lucrative
careers to choose from what this industry has to its advantage that many
others don't is that people will always need a place to live meaning that people
will either be buying selling or wanting to have homes made for them and to add
to this fact the global population continues to grow with both India and
China expected to hit 1.5 billion people by 2030 but if the thought of selling
properties doesn't appeal to you don't worry I've got you covered
the median salary of a commercial appraiser someone who values properties
for owners or investors earns well over $100,000 a year or management is your
strong suit property managers tend to also eclipse a six-figure mark during
the course of their career another added benefit of a career in real estate is
the knowledge he gives you when it comes to investing like I've said a million
times in past videos leaving your money in the bank will not make you rich which
is why you need to find investment opportunities that will grow your wealth
one of my favorite ways to invest is through real estate and historical
evidence proves that it can be very lucrative over time residential and
diversified real estate investments have averaged a ten point six percent return
over the last twenty years but if you want to avoid dealing with tenants and
repairs then investing in wreaths is another viable option and has returned
eleven point eight percent in that same time frame so if you want to earn a
large salary and leverage your knowledge to make big money in your investments
then a career in real estate may be the way to go industry number four renewable
energy it seems like everyday climate change and sustainable energy are front
and center in the news and with this media attention comes some very
lucrative careers you see in the 21st century we're using more energy than any
other time in history think about it just about everything you
use on a daily basis takes energy from your phone to your computer and even the
washer that makes your clothes stay clean
however the vulnerabilities of our current energy system send mostly from
its reliance primarily on fossil fuels which are non-renewable depleting
resources that when burned release climate changing greenhouse gases the
fight against climate change implies a rapid dramatic shift in the world energy
source a shift that will be extremely challenging and unprecedented and would
also require levels of investment measured in the tens of trillions of
dollars and the people who are going to solve these energy issues are going to
be well paid just over 70% of expert saw this industry as a top three growth
field and anyone who gets in the game now could one day be rich industry
number five healthcare when you think about the healthcare industry two things
usually come to mind the exorbitant prices of drugs and the lucrative
salaries of doctors now the reality is that if you don't have your health then
you really have nothing which justifies the sizeable salaries of these medical
professionals but let's call it like it is not everyone is going to become a
doctor and fortunately this path is not the only one that will make you rich in
the healthcare field for instance almost all pharmacists make over six figures
and avoid having to perform surgeries or take care of sick patients moreover even
advanced nurses can make over $100,000 a year without distress and cost of
attending medical school and besides being a well paid industry the field of
medicine and healthcare is only going to become more lucrative over time due to
the aging population it's estimated that by 2030 every baby boomer will be age 65
or older which means that one out of every five US citizens will be of
retirement age and as we know through older you get the more health
complications you are likely to face with these facts considered there's no
wonder thirty point one percent of experts saw this industry as one of the
biggest wealth creators industry number six technology if you look around
there's technology everywhere from the smartphone you carry around every day to
the iPad you watch YouTube on humans are constantly using their devices for
entertainment or productivity purposes and while these devices have changed the
way we live the scope of this industry extends far beyond consumer goods for
instance technology comes in the form of medical devices automotive advancements
and even manufacturing technology is probably one of the only industries that
spreads itself across all other fields and it's for this reason that it
continues to grow year after year in fact the job growth in this market is
projected to grow by a hundred and twenty percent between now and 2020 six
meaning that investing your time into learning technological skills will
certainly grant you a job upon completion but the field of technology
is broad so what snitches of the industry should you
focus on if you want to strike it rich right now careers in cloud computing
machine learning and big data are very promising as companies try and leverage
the power of information to move their businesses forward this is likely why
30.9% of experts say technology is one of the biggest industries when it comes
to making money industry number seven financial services the financial
industry is easily one of the most competitive when it comes to finding a
job this is even true in regard to entry-level positions as it's almost
entirely unheard of to jump in and build a successful career in the industry
without starting near the bottom and working your way up the desks of finance
professionals around the world are littered with resumes of students an
executive wannabes hoping for a break they believe will set them on course to
be young and rich but once you integrate yourself into this industry you are sure
to be handsomely rewarded thirty five point seven percent of respondents to
the world wealth report said finance was among their three sectors most likely to
create more millionaires senior bankers on Wall Street in the City of London are
paid well above 1 million dollars on average let's face it not everyone wants
to be a banker luckily this field is quite vast and with the advancements of
technology new sub niches have been born that offer a very high potential for
earning for instance financial technology often shortened to fin tech
is the technology and innovation that aims to compete with traditional
financial methods in the delivery of financial services and things like
mobile banking and use of alternative currency solutions like Bitcoin moreover
because most businesses are trying to stay current in this field obtaining
skills and financial tech allows you to work in most startup and multinational
companies thanks for watching if you want to go from the life you have to
life you deserve then hit the subscribe button now