Question of the Day: What are the 5 careers that produce the most millionaires?
You might learn something from one of the answers...
Answer: Engineers, accountants, management, attorneys, and teachers
Questions:
- Were you surprised by any of the careers listed as producing the most millionaires? Why or why not?
- While these careers produce many millionaires, they also require varying levels of education, time commitment, and potential student loan debt. How should one weigh these factors when considering a future career?
- Becoming a millionaire doesn’t solely rely on a high salary. What financial habits or strategies might these professionals employ to accumulate wealth?
Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Yahoo Finance):
While these careers strongly correlate millionaire status to a higher education, that didn’t require attending a swank school. In fact, only 8% of those in the study attended “prestigious private schools,” with 62% attending state schools.
And one crucial detail to note: Millionaire status doesn’t equal sky-high salary.
“Only 31% averaged $100,000 a year over the course of their career,” the study found, “and one-third never made six figures in any single working year of their career.”
On top of that, the millionaires in the Ramsey survey didn’t necessarily hold senior leadership roles: Only 15% belonged to that category. By contrast, more than nine in 10 (93%) said they got wealthy because they “worked hard.”
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How did a school custodian become a millionaire? Jeff York spills the secret in this NGPF Podcast.
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NGPF's Career unit will help set your students on the path toward future success.
https://www.yahoo.com/finance/
About the Author
Ryan Wood
Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.
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