Are you looking for a way to make a lot of money and retire before you start going gray?
Most people spend at least forty years working hard before they can finally quit. Therefore, by the time they are finally able to draw a pension, most people are too old to fully enjoy it. But there’s no reason why you have to be one of them. There are plenty of jobs you can do that come with impressive salaries if you know where to look.
So, let’s take an in-depth look at the careers that make you rich and how to get started.
- How To Become A Millionaire?
- Careers That Make You Rich
- Professional athlete
- Investment banker
- Air Traffic Controller
- Certified public accountant
- Insurance agent
- Graphic designer
- Real estate agent
- A degree is not necessary!
- Day trader
- Chief executive officer
- Two degrees are needed…
- Director of information security
- Degrees That Can Lead To High-Paying Jobs
- Computer Science
- Master of Business Administration
- Millionaire Characteristics That You Can Embrace
- Start Thinking Like A Millionaire!
- Final Thoughts
How To Become A Millionaire?
There is potential for getting rich in just about every industry. Although not all jobs pay six figures, you can save and plan your career to pave the way to riches. Here are the key steps you can take to become rich while working hard.
Select a high-paying job
Some industries typically pay much higher than others. The first step on your road to riches is choosing a career that will help you make a lot of money. Make sure you do your research carefully and choose a job that matches your interests and natural talents.
Get the right education
You usually need at least a bachelor’s degree in a relevant field to secure the most high-paying jobs. The grades you get in high school will affect the types of subjects you can study at college.
This is why it is important to settle on a career path as soon as possible and focus on the necessary subjects. Gaining a master’s degree and other special education may also be necessary for some careers.
Get industry-specific skills
Certain skills can make you stand out from the crowd and can lead to a more lucrative job. This can be professional certifications and/or licenses. Gaining special skills and qualifications can also allow you to secure a promotion more quickly.
Advance in your career
As soon as you are ready to tackle a new challenge, it is time to think about getting promoted. Most promotions come with higher salaries and can lead to further success. Rather than passively waiting to be promoted, indicating to your boss that you are ready could also earn you respect.
Search for investment opportunities
Once you have gathered a decent nest egg, it is time to make your money work for you. Investing your money wisely can help it grow while you are busy working and even sleeping. Make sure you take the time to check out different options and weigh up the pros and cons before investing.
Careers That Make You Rich
Not all jobs will help you make a fortune before you retire. The secret to getting rich is choosing the right career path as early as possible. So, here are some jobs that will increase your chances of becoming a millionaire.
Not all millionaires have to spend their time cooped up in an office. If you have a natural talent for a particular sport, it is important to work on it as early as possible. With hard work and dedication, playing the spot you love could make you a fortune.
You need to be prepared to spend endless hours every day training to make it to the top. However, this is a great way to get physically fit while making money. The average salary for a professional athlete is around $80,000 per year. However, performance bonuses, endorsements, and other revenue streams can send your salary sky high.
If you have a strong understanding of investments, you can provide companies and individuals with advice. This can include showing people which stocks and bonds to buy and when to sell to make the most profit. You can also make your own investments and even establish and run your own investment firm.
The average salary for an investment banker is around $62,000 per year. However, you will also receive commissions, profit shares, and other types of bonuses. When your clients are doing well, these bonuses could easily total more than $100,000 a year.
The main focus of this job is coming up with product ideas and then developing and managing them. Once you have created a hit, you can sell your company for a profit. Coming up with the right idea at the right time could make you a millionaire relatively quickly.
You don’t need any formal education to start working for yourself as an entrepreneur. However, a degree in business or entrepreneurship will help you understand the market. The average salary for an entrepreneur is around $70,000 per year, although there is no ceiling on the earning potential.
Working as a lawyer involves providing companies and individual clients with legal advice and representing them in court. You need to have a deep understanding of different laws and regulations, do a lot of research, and prepare legal documents. There are several different areas to specialize in, including property law, family, legal, personal injury, and immigration law.
You need a bachelor’s and law degree to become a lawyer. You also have to study hard to push past your state’s bar exam. All this hard work is rewarded with an annual salary of at least $70,000 per year, which goes up over time. Lawyers usually charge by the hour, so you can earn much more by putting in the hours.
Air Traffic Controller
This is unlikely to be one of the first jobs you think of when you are working out how to get rich. However, the average salary for an air traffic controller is around $130,000 a year. As a bonus, you only need to obtain an associate’s degree before you can get started.
This role involves coordinating the movement of aircraft at airports to ensure safe distances. You need to be able to concentrate and stay incredibly focused, which can be stressful at times. Therefore, if you are very organized and can keep a cool head when under pressure, this job could be for you.
Certified public accountant
Becoming licensed as an accountant will allow you to provide financial advice to companies and individuals. You can also offer services like tax preparation and bookkeeping. You need to have a strong understanding of tax laws, complex paperwork, and regulations, as well as deadlines.
Getting hired in an upper-level accounting position by a large company will help you secure a significant salary. While the average salary for a certified public account is $76,000 per year, you could easily earn double this. Starting and running a successful accounting business of your own will also boost your earning potential.
If you have strong sales and marketing skills, you can use them to attract and maintain clients. The main focus of this role is selling different types of insurance to companies and individual clients. You will also design special insurance policies plans that meet the specific needs of clients.
While the average salary is $80,000 per year, you will also earn commission on sales, which can double your salary. Once you gain the necessary skills and experience, it is worth focusing on selling large policies to prominent clients. This allows you to spend less time working and channel your time into other revenue sources.
This role combines a flair for design with strong problem-solving skills and technical abilities. Engineers can work in a wide range of different fields, including chemical, petroleum, nuclear, electrical, biomedical, and aerospace. If you are able to invent and create innovative new products, you can make a lot of money from your designs.
You usually need to have a background in science or math to do this job as well as an engineering degree. Completing a graduate-level engineering degree can give you access to higher salaries and advancement opportunities. While the average salary for an engineer is $85,000 per year, specializing in an engineering field can make you much more.
Combining your artistic talents with knowledge of digital software can make you a lot of money. Graphic designers can work as part of a design team for a large company to create different advertising content. This includes captivating images for websites, emails, magazines, and other forms of media.
You can learn the skills you need to do this job either independently or through formal education. Graphic designers who have a flair for business can market themselves and launch their own freelance businesses. If you have talent and are able to win high-profile clients, you could earn at least $200,000 per year.
Real estate agent
If you have great sales skills, you can help people and companies buy, sell, and rent properties. You need to have a good understanding of the property market and know how to best present different properties.
You would guide clients through each step of the process to make it as smooth and simple as possible. In addition to presenting properties, tasks include completing negotiations and filling out the necessary documents and contracts.
A degree is not necessary!
While it is not necessary to gain a degree to do this job, you need to get a license in your state. On average, real estate agents make around $88,000 per year. However, the commission on selling properties can help you make millions of dollars before you retire. You can also use your skills and knowledge to invest in property and boost your income.
If you have a head for numbers and the gift of the gab, working as a day trader could be ideal. This job involves buying and selling stock over short periods with a focus on making a profit. Day traders often start by working as part of a company and making a commission on each trade.
Once you have gained experience, it is possible to work from home and set your hours. When not trading, you should spend time researching investment opportunities and general market trends. The average salary for a day trader is $100,000 per year, although the sky is the limit for talented traders.
This role involves using math, analytics, and statistics to assess the financial risk of a company. A wide range of companies need this service, including banks, insurance companies, and government agencies. Actuaries use complex equations to calculate the financial consequences of taking particular risks.
When you are starting, you may want to work for a single company to hone your skills. However, becoming a contractor or a freelance consultant can considerably boost your earning potential. If you have a master’s degree in a numbers-related field, you could earn at least $110,000 per year.
Chief executive officer
If you have strong leadership skills and a head for business, you could be in charge of leading a company. The main responsibilities are helping a company meet its goals in terms of profit, status, and other aspects.
This involves overseeing all the departments within the company, meeting with shareholders, and finding opportunities for investment and improvement.
Two degrees are needed…
You usually need both a bachelor’s and a master’s degree in a business-related field to advance to this position. While it can take several years to secure this role, your hard work will pay off eventually. On average, CEOs make at least $120,000 per year. The salary is also boosted by special bonuses and stock options within the company.
Director of information security
This role places you in charge of managing the technology and computer systems for a single company. You would be charged with implementing programs as well as programs and highlighting and mitigating potential security threats. This role also involves IT budgeting, creating contingency plans, hiring talented IT professionals, and providing training.
Skilled computer science experts who have cybersecurity experience are in high demand and receive a high salary as a result. The average salary for this role is around $150,000 per year. However, you will also have the chance to earn impressive bonuses and be rewarded with stock options.
This career allows you to make a difference in people’s lives while also making you rich. Doctors can work in many settings to diagnose and treat a wide range of different ailments. It is important to have a deep knowledge of human anatomy and be able to make life-changing decisions.
It takes at least ten years to become fully qualified as a doctor, while you also need to complete on-the-job training. While becoming qualified can be quite a journey, you will be rewarded with a salary of at least $200,000 per year. Choosing a challenging specialty that is in demand can boost your salary considerably.
This highly skilled profession is one of the highest-paid jobs in the United States. Typical tasks include diagnosing and treating misaligned teeth and putting patients at their ease. You need to have a good understanding of open bites, underbites, misaligned jaws, facial abnormalities, and other specialist dental issues.
If this sounds like your ideal career, you will have to go to dental school and complete an orthodontics specialty program. After this, you need to become fully licensed before you can start practicing. Although it can take a decade to qualify, you can easily earn a quarter of a million dollars per year. You can also open your own clinic, which allows you to set your work hours and earn even more money.
If you would rather start making money as soon as possible, working as a dentist could be a good option. This role involves diagnosing and treating issues with the teeth and gums. You also provide patients with advice on the best way to care for their teeth.
After gaining a bachelor’s degree, you need to complete special training and pass the DAT. It takes around four years to complete dental school, after which you can become licensed to open your own clinic. Depending on the part of the country you work in, you could expect to earn up to $200,000 per year.
This role mainly involves providing patients with pain control medication during different types of surgical procedures. You would work closely with doctors and patients to determine a pain relief plan before, during, and after surgery. You need to have a deep understanding of different pain relief medications and their effects on the body.
Before you can make money as an anesthesiologist, you will spend a decade getting qualified and licensed. Specializing in an area like orthopedics or pediatrics will boost your earning potential. Once you start practicing, you can command a salary of at least $300,000 per year.
Degrees That Can Lead To High-Paying Jobs
By now, you may have an idea of what jobs make you rich and which ones you’d like to follow. Even if you haven’t focused on a career yet, it is best to earn a degree that will increase your options. Here are some of the degrees that can considerably boost your earning potential.
This degree is useful for anyone who wants to work with computers to earn a living. The degree teaches students the foundations of information and computation as well as representation, processing, storage, and access to information.
It usually takes four years to complete a bachelor’s degree in computer science, while a master’s degree is an additional two years.
Some of the high-paying career opportunities you can secure with this degree include:
- Software Developer
- Information Security Analyst
- Computer Systems Analyst
- IT Project Manager
- Computer Network Architect
This degree combines mathematics, science, and technology disciplines and provides both formal instruction and practical experience. Students learn how to come up with creative solutions to complete problems within different industries. There are lots of different types of engineering degrees to choose from, and you need to choose carefully.
Some of the most popular and lucrative options include chemical, mechanical, electrical, and civil engineering. It usually takes four years to complete the undergraduate degree plus two years at the postgraduate level. You will also need to earn special licensing, which will dramatically increase your earning potential.
This degree paves the way to a range of lucrative careers, including:
- Computer Engineer
- Electrical Engineer
- Mining Engineer
- Civil Engineers
- Marine Engineer
These degrees combine the theory of mathematics with practical application. It is also possible to opt for a joint-honors degree that is combined with a subject like economics, business, or computer science. This degree is the basis for a number of advanced degrees, and a popular foundation option is a Bachelor of Science.
Among the highest paying careers you can pursue with this degree include:
- Data Scientist
- Chartered Accountant
This degree will teach you how to analyze, process, measure, and communicate complex financial information and present it to investors. Popular types of undergraduate-level accounting degrees include a Bachelors’s in Accounting and a Bachelor’s of Accountancy. Accountancy degrees are often combined with other related subjects like economics, finance, and business management.
This degree opens the door to lucrative careers such as:
- Chief Financial Officer
- Accounting Manager
- Budget Analyst
- Tax Accountant
- Certified Internal Auditor
Master of Business Administration
This degree is designed to help students develop the essential skills for successful business management. This degree can open doors to a wide range of careers, including launching a career in politics. Once you have gained a bachelor’s degree, you can complete this degree in around a year.
Here are some of the high-paying roles you could secure with this degree:
- Chief Technology Officer
- Product Manager
- Financial Manager
- Health Services Manager
- Brand Marketing Manager
Millionaire Characteristics That You Can Embrace
The secret to becoming a millionaire is acting and thinking like one. Most rich people share a set of common attributes that drive their success. Here are some of the skills you can develop to help pave the road to success.
One common aspect that most millionaires share is their creative and strong vision. These people dare to dream big and maintain the belief that they can achieve their dreams. It is important to believe in yourself and step outside your comfort zone to become a millionaire.
The importance of having a strong and clear vision can be seen through the stories of the most famous millionaires. This includes Bill Gates, who is currently the second richest person in the world.
The vision of Bill Gates…
Check out the gatesnotes.com website, which is Bill Gates Blog. The story of Bill Gates’ vision of creating an affordable personal computer and his numerous setbacks is well-documented. Reading this story and the stories of other famous millionaires can help provide the drive you need to succeed.
2 Create a plan
You need to map out your path to success as soon as possible. A good way to do this is by working backward. Start with writing down what you want to achieve and set yourself a realistic deadline. Now you can work out the steps you need to take to achieve this lofty goal.
3 Set mini-goals
Unless they start rich, few people become financially secure overnight. The path to becoming a millionaire can seem long and challenging. Setting yourself smaller goals along the way and celebrating your success can help you maintain momentum.
The secret to success at any level is choosing something that you are passionate about. You are likely to have to work very hard and remain focused to get rich. It will be difficult to maintain this momentum if you are not passionate about what you are doing.
Before you set your sights on a particular career path, you need to take the time to work out your passions. Make a list of the types of jobs that you would be happy doing every day for the next thirty years or so. You also need to take the amount of time it will take to get qualified into account and how interesting it will be.
You always need to be working on developing your most important skills. This will help you to take your career to the next level. Even when you are working full-time, carving out an hour or two a day for advanced studies can lead to success.
Once you have a decent amount of money saved, it is time to search for some good investments. The right types of investments can help your money to grow right before your eyes. You may need to spend time researching different investment opportunities and seeking advice.
Recognizing the right investment opportunities can be tough if you don’t have a background in finance. However, hiring an experienced and talented financial advisor is the perfect way to pad your bank account. Although you may experience losses once in a while, investments are an important part of any millionaire’s world.
7 Risk tasking
One of the things that set millionaires apart is their willingness to take risks. Most people are presented with lucrative investment opportunities at least once in their lifetime. However, the average Joe is likely to turn down the opportunity because of fear. You need to be bold and be willing to lose everything once in a while if you truly want to get rich.
8 Independent thinking
It has been well documented that millionaires don’t just act differently; they actually think differently. This alternatively thinking relates to all aspects of their lives, not simply money and business. Millionaires spend time creating and shaping their own paths that are often quite different and divergent.
It is important to understand that your thoughts have a big impact on your actions. If you want to be wealthy, you have to learn how to think like a millionaire. Reading the autobiographies of millionaires like David Geffen can help set you on the right path. This self-made millionaire took a big risk when he invested millions in helping found DreamWorks Animation SKG Inc.
Even when you have money in the bank, you may still need investors to finance your next big idea. Another trait that many millionaires share is charm and salesmanship. You need to be able to explain your ideas clearly and convince other people to hop on board.
Start Thinking Like A Millionaire!
If you haven’t quite figured out your path to riches yet, then my Best 6 Figure Jobs should give you some great ideas. Also, the Practical VBA For Practically Anyone: For When You Know What You Want To Do But Don’t Know How To Do It handbook is excellent as well!
Of course, you could always follow in the footsteps of other millionaires by reading David Geffen: A biography of New Hollywood, and his The Operator: David Geffen Builds, Buys, and Sells the New Hollywood, as well as The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, or Think and Grow Rich, and finally The Blue Collar CEO: My Gutsy Journey from Rookie Contractor to Multi-Millionaire Construction Boss.
Or how about The Dropout Multi-Millionaire: 37 Business Lessons on How to Succeed in Business With No Money, No Education and No Clue, along with the intriguing Black Fortunes: The Story of the First Six African Americans Who Survived Slavery and Became Millionaires, all available online in 2023.
Unless you were born with a silver spoon in your mouth, it takes drive, dedication, and hard work to get rich. Deciding on a career wisely can significantly boost your chances of success. It is important to choose a career that you are passionate about, as you will spend a lot of time working.
Earning the right degree will increase your chances of securing a good job and making big bucks. Even when you have secured your dream job, you still need to remain focused on advancing.
Behaving and thinking that you are already rich will also help money find its way to you.
Now, go out there and make your Millions!