 What's happening guys? So chances are if you clicked on this video you are searching for careers that will help you achieve your financial goals And there are so many different options out there. Well good news you came to the right spot I've probably spent thousands of hours researching this stuff And I've stumbled upon some really amazing careers that have a lot of opportunity and in this video We're gonna go over the careers that create the most millionaires and these aren't necessarily careers where you have to go to College for 17 hours or you have to work like 90 hours a week or you have to donate your kidney They took my freaking kidney or anything like that most of these careers are pretty straightforward And they have a few things in common which I'm gonna go over in the video, but really quick before we get into that I just want to say a huge thank you to the sponsor of this video Which is smashing the like button because Sponsorships are kind of annoying so I don't like to include them in my videos Number 10 on the list is going to be sales Specialists now this comprises both sales people as well as sales supervisors And this is based off of a study by NPR Where they categorize different careers and how much they make into percentiles So we're gonna be focusing on the top 90th percentile as well as the top 99th percentile So this is gonna be the top 10% of earners and the top 1% Now by the way, the 90th percentile is going to be people that are making over a hundred and three thousand dollars a year And then 99th percentile is going to be people who are making over 207 thousand dollars and since there isn't any new hard data on what types of careers create the most millionaires in the modern times Because those types of studies actually take decades in order to do and then by the time they've been done a lot of the times Those jobs are going to be saturated and because of that It's a lot smarter to rely on salaries as a much better measure of those careers that are going to create the most millionaires Now it's no surprise that sales people are on here This is one of the most valuable skills that you can learn and I think a big thing here is to be a sales person That's in the right industry because if you're selling things to people in industries that don't have a lot of opportunity You're probably going to be making peanuts But if you're a sales person in the tech industry or the finance industry or some other industry that's booming right now You can make really good money through commissions and by the way as we're going through this video Think about ones that you either have an interest in or maybe you are naturally talented at this is kind of like a choose Your own adventure for careers where it doesn't necessarily mean that any of them are better than any of the others But it really matters what you are interested in number nine on the list is going to be marketing and ad management Now I'm not surprised this was also on the list and this is another one of the really good ones It's similar to sales and that it's a very good skill to learn But this one is a little bit more scalable if you're selling you can only sell to one person at a time But with marketing you can market to thousands or even millions of people at the same time Now this is one that was found in both the 90th percentile as well as the 99th Marketing is also a really interesting profession right now because it's changing so fast with the whole digital revolution Whereas sales has pretty much been the same for the past 50 years maybe even longer than that Marketing is completely different than what it looked like 50 years ago And it's evolved so fast that a lot of the time universities can't even keep up with it And so if you want to learn the most in-demand skills You do need to kind of maybe consider taking a course online or maybe on Skillshare or Teachable or Udemy or something along those lines I see a lot of opportunities here with all the different methods of advertising and for someone with the right type of skill Set this one can be perfect So this might be good for people who are interested in sales But they're too introverted to actually go out and talk to people like me and most of my audience Just kidding being an introvert is awesome. You should never let that hold you back In fact, there's a lot of careers out there where being an introvert will actually help you Now if you are part of the 7% of my audience that is an extrovert Then the next career might be even better for you than sales number 8 on the list is going to be lawyers Now this is traditionally a very well-respected degree and everybody knows that you know a lot of lawyers can make pretty good money Now I will say that the market has gotten pretty saturated because of the fact that schools just keep on pumping lawyers out like crazy It's definitely not as good as it used to be. You do have to be very careful I'll probably make a video about that in the future This is one of those professions where it's very high risk high reward where you could end up jobless Or you could end up making millions and millions of dollars a year now lawyers make up a Significant portion of the top 10% and they make up an even bigger slice of the top 1% Now a big part of being a lawyer that gets paid really well is to choose the right specialty as well as working in the right industry Now obviously pay isn't everything you want to make sure that you go into something that you're interested in or you have a natural talent for as Well, and if pay is all you care about just watch this video Make a list of all the ones that I recommend on a piece of paper turn around 10 times get yourself a pet monkey Have it throw a dart at the list and then pick whichever one is on the list because all of these are going to be pretty good But it's almost always a good idea to choose something that you're interested in as well as something It has a lot of opportunity because then you get the best of both worlds like everything else in life There's a fine balance number seven on the list is going to be physicians and of course You're probably not surprised to see this one here as well This is another one of those classic careers that a lot of people respect and they tend to do really well They tend to get paid really well now physicians make up a small slice of the top 10 percent and a big slice of the top 1% so you might be wondering why I didn't rank them higher on the list well much like lawyers It's a career that traditionally has been very respected, but because of the fact that it was kind of overhyped for so long I think it's become a little bit overrated. It's definitely not as bad as lawyers But it's still not as good as it used to be now Additionally doctors have to put in many many years of schooling Residency and sometimes fellowships Before they can make the big bucks like they show on the chart and a lot of the time doctors don't hit a net worth of Zero meaning their net worth is well below zero until their late 30s or sometimes even their early 40s Once they make it to that point They're going to live really well because they have a very nice salary But in my opinion it's just not worth it to be stressing out like crazy and just working like 80 hours a week And then you know getting work super hard in residency through the best years of your life Now one thing to keep in mind is the pay does vary a lot between different types of specialties Neurosurgeons on average make over 600,000 a year whereas family medicine doctors make around 240,000 So this is still a really good option for a lot of people out there But there's just so much that you have to sacrifice going through all that schooling all that residency Etc before you can finally start making a lot of money And many of the jobs on this list are ones that you can get after just getting a four year degree Number six on the list is going to be accountants This is one of the ones that I mentioned that you can get into with a four year degree And you can see that they are well represented within the top 1% as well as the top 10% Now accountants do all sorts of things for different businesses But one of the main things is that they do taxes So they're able to basically get an inside look at a bunch of different types of businesses and see how much they're making Many accountants start with a normal job And then they identify opportunities within maybe an industry Or a specific type of business that they could open and then they either specialize in that industry Or maybe they even open their own business themselves Additionally if they want to they can work their way all the way up to a ceo if they want to take the corporate route Definitely not surprised to see this one on the list at all I also made an entire video about accountants so you can check that out as well Number five on the list is going to be finance specialists And this is an interesting one because they are nowhere to be found in the 90th percentile They're not there at all. However, they occupy a significant amount of the 99th percentile two different types of careers Financial managers as well as financial specialists Now I thought this was interesting So I decided to look even more deeply into it and I found out that finance careers are very hit or miss I found a very interesting article that was written by an investment manager who pretty much works primarily with those in the top 1% And he explained that the most common profession for those who are in the top One half of a percent so basically those in the 99.5th percentile Was people who are involved with the finance industry whether this was financial services or banking So getting involved in finance is another one that's high risk, but also high reward You might end up not making very much or you could end up making a ton Number four on the list is going to be software engineering now. This one is an up and comer in my opinion I think if we do this one a few years down the line It might even be higher on the list because it is a very sought after skill and out of all the ones on this list I would say this is the one that's growing the fastest now This is a relatively new profession and for that reason there's not that much data from the past Showing how many millionaires have been created However, they do make up a lot of the top 10 percent and what makes this one so great Is there's so many different ways that you can become a millionaire You can work for a big tech company like google or facebook where sometimes they'll pay their employees over $500,000 a year or you can work for a smaller startup that you really believe in and you can get paid mostly in stock options And if that startup takes off, maybe it gets huge like, you know tesla or something You can end up becoming a millionaire that way just simply because you own so much stock in the company Or you can work a normal job for a while learn the ropes and then you can go off and start your own company in the tech industry Which has some of the best opportunities for entrepreneurs. I really wouldn't be surprised to see this one higher on the list pretty soon I think it's one of the best ones out there. Number three on the list is going to be Engineers now historically speaking when you look at like the last hundred years or so Engineers have actually created the most millionaires as well as billionaires However, engineering isn't as good as it used to be It's kind of like doctor and lawyer where it's been overhyped for so long That it is kind of getting a little bit saturated and it's not quite as good And I think it's a little bit overrated now many engineers become millionaires because they're working in cutting edge industries Where they're basically learning some of the most sought-after skills that you can possibly learn Then they identify big opportunities within that industry and they start their own companies And engineering is great because it basically teaches you how to come up with ideas and Transport that idea from just a concept into the real world So i'm not surprised that this one ranks so highly on the list Number two on the list is going to be managers and other leadership positions. Here we go management and leadership positions This is a highly sought-after skill companies love people who have leadership skills And you might think this is only you know CEOs and coos and they do make up a significant amount of the top 10 percent As well as the top 1 percent however other types of management positions make up more in each one of those categories Now the key here is to be a leader or a manager in an industry where there's a lot of opportunity being a manager Your local 7 11 would be pretty good to get some initial leadership experience and that's great But in order to make the big bucks you want to go for positions in thriving industries Leadership and management skill might be some of the most important skills You could possibly learn and companies look for people who have these leadership is really hard It's kind of a science and it's kind of an art form So if you can be one of the rare people that's really good at it You can really set yourself apart number one on the list is going to be entrepreneurs and business owners Many of the other careers on this list after they've initially gotten their start in these different careers And different industries will move on to starting their own business and becoming an entrepreneur This is where they can end up making a ton of money and that's reflected in this book called the millionaire next door Now according to the authors of this book and it's a great read if you've never read it Small business owners make up the majority of those who become millionaires oftentimes They own a business that's considered to be unsexy like they might own a truck driving transport business or real estate brokerage Now unlike all of the gurus on youtube what they'll tell you Most of these business owners spent years in that career or that industry Before they discovered an opportunity and they started a business in order to capitalize on that opportunity Because of the fact that they had so much experience in that industry It gave them such a competitive advantage and that increased their chances of their business being successful Many of them started their business while they were still working on the side as well because a lot of the time It takes years and years in order to get the momentum build up in order for your business to make a full time income Then when their business took off That's when they quit their job and they went full time working as an entrepreneur Many also fail several times before they find success And of course this is a different picture than all the gurus try to paint when they're trying to sell you the $1997 course now a few things I want to mention here when you're looking at all of these different careers The first thing here is it's not about what you make it has a lot more to do with what you invest So we've all heard the statistics of you know, I think 70 percent of professional athletes end up going broke 80 percent of lottery winners end up going broke And that's because they don't understand how to manage their money So having basic personal finance skills like budgeting saving and investing is essential Doesn't matter how much money you make if you don't know how to budget save and invest You're probably going to end up losing all of it The second thing I want to talk about on this list is you want to go where the opportunity is So this could be going into a particular career It could be going into a particular industry Or it could be even moving to a different country or a different city If there isn't a lot of opportunity wherever you live Then you want to change your surroundings and go to a place where there is This one is really key and it's one that a lot of people overlook Third thing I want to mention is you probably notice that there's a lot of business related careers in the top 10% As well as the top 1% and I've noticed this in a ton of different studies I've looked at there's a lot of business related careers Where they end up making a lot of money and having higher net worths Now part of this is because business related careers tend to pay better But I think another part of it is because people who are interested in business related careers tend to be those Who are a little bit smarter with money So these are probably people who know how to budget save and invest and they do it early and often The fourth thing I want to talk about is a lot of this has to do with time So I use the example of the doctor where yes, they make a ton of money But it also takes a lot of time in order to get to that level where they're making that high salary So time is another one that you really want to think about How long is it going to take you in order to get to that point where you're making really good money Number five on the list is if you do decide to go the leadership route Maybe you want to work your way up the corporate ladder Becoming a manager is going to happen so much faster if you just work really hard I've seen this over and over again where people will enter a business and they just work super hard And they're able to work their way up through the business to those higher paying jobs A lot of the time these people don't have a lot of other things that set them apart They didn't go to a really nice school or anything like that at the end of the day All the boss cares about is how hard they work. So hard work is pretty much mandatory You know, you're not going to get to this level if you don't work super hard Not saying that there's a lot of people out there that work really hard That still don't end up making it to this level that definitely happens a lot of it has to do with luck Thank you for watching this video. I made it just for you Go ahead smash the like button hit the subscribe button ring the notification bell and comment down below any thoughts comments or criticisms You