15 Jobs Can Make You a Millionaire
Billionaire is the new millionaire, so how difficult is it today to become a millionaire? Shouldn’t be that hard should it?
Number 1: Plastic Surgeon & Specialized Doctors
Salary of plastic surgeons: $250,000 and up.
Highest paid doctors: radiologists, cardiologist and orthopedic surgeons: Average $400,000 per year
As you’d expect, Neurosurgeons, the brain doctors, also get paid close to $400,000 per year.
So why mention plastic surgeons before them?
Because it’s a lot more lucrative and profitable these days. Plastic surgery is everywhere. More than 16 Billion dollars were spent on adjustments last year and it’s growing year by year, especially in the age of social media.
It’s one of those specializations that it’s easiest to get in to from the medical field and you bet that clients keep on coming.
Number 2: Corporate Lawyer
Salary: $200,000 and up.
If you’re good, you can be a millionaire 5 years into your corporate job. All you need is to be productive for the corporation you work for.
Out of all the specializations here are the 3 most lucrative: Mergers & Acquisitions, Intellectual Property & patent lawyers.
Basically, you need to be a lawyer for a large financial or tech company. The higher the value you can bring to them or save them from having to pay, the higher your salary.
In big cases it’s not uncommon to get a single payout over 1 million if the case is won.
Number 3: Architect
Average salary: $100,000
Good architects earn over $250,000 per year
Real-estate is booming, always has, always will, with bigger and bigger projects undertaken by developers, companies and even cities.
A single big project can earn you that 7 figure income you’re looking for, but unless you’re already established in the marketplace, you’re unlikely to get it.
As with most of the jobs mentioned on this list, because the reward is so big, the competition at the top is fierce.
Number 4: Pilots & Air Traffic Control
Average salary: $100,000
Average time to $1 Million: Less than 10 years
Pilots still get paid good money in an age where they no longer have to do that much.
A good pilot earns on average in excess of $300 per hour while an low paying pilot brings home over $200.
The big surprise for us was Air traffic controllers, who earn even more than pilots at an average of $130,000 per year and out of everything on this list, it’s probably the second easiest to get into.
Number 5: Cyber Security
Application Security Engineer: $250,000 per year
Everybody else: around $100,000 per year
We’re living in the most connected time in history, everything about you that makes you, you is online; which means, there’s a lot of money to be taken out of the system.
Last year, the personal data of over 140 million americans was stolen from a credit score company called Equifax. Names, addresses, social security numbers, banking information, everything you would need to steal someone’s identity.
Big tech companies would not recover after a breach like that so they’re paying really good money to anyone who can bulletproof their tech.
Number 6: Marketing managers
Average salary: $150,000
Chief Marketing Officer: Over $250,000
Everywhere you look you see billboards and advertising. We live in such a crowded advertising time that it’s harder and harder to stand out.
A great marketing executive can make or break a great company. Just look at the rise of Old Spice. The company raised from the ashes through a smart marketing campaign. A 75 year old company, more than doubles sales in a single year.
But marketing isn’t all just about advertising, it’s about the way the product is designed, the way people perceive it, the way it fits in the market and how it differentiates from the competitors.
A typical Marketing director for companies like pepsi or coke earn ballpark of 250,000 dollars per year.
Number 7: High-End Sales
Average salary: $200,000
If you can sell, you’ll do great anywhere. A good salesperson will always find work, but this is not about that. It’s about those who are really good at what they do and they choose to move towards high ticket items.
Why bother selling cars in a dealership when you could be selling property in Monaco? The % might be smaller, but the pie is definitely bigger.
In order to keep things accessible, we will not look at the fringe cases, but focus on the top 20%.
Here’s how much you can earn if you know what you’re doing:
Real estate sales: Over $250,000 per year
Pharmaceutical sales: Over $200,000 per year
Software sales: Over $150,000 per year
Number 8: Software Developer
Average salary: $150,000
Stock on the company
We feel like the age of startups has cooled down a bit. Just a few years ago everywhere you looked someone was starting a company, they’ve all failed and got back to working corporate jobs now.
But that period put the emphasis of just how valuable someone who can make things happen actually is, after all, Jobs wouldn’t have been Jobs without Wozniak.
Software developers have a unique advantage where they can ask for a percentage of the company in exchange for their services. If the company does well, the developer gets rich in the process.
Number 9: Petroleum Engineer
Salary: $200,000
Other petroleum Jobs pay over $100,000 per year
If there’s money to be made then definitely the pay is great. Just mention Oil and you can feel the US getting distracted.
So what is a petroleum engineer anyway? They’re the person in charge of developing the plan of drilling in oil and gas fields, they’re also trying to figure out new ways of getting all that valuable stuff out of the ground.
Although oil and gas pay really well, they come with one of the highest mortality rates in the world, so it pays better to be one of the smart people sitting on shore, just watch deepwater horizon and you’ll get what we’re talking about.
Number 10: YouTuber & New-Media Personality
Average salary: Peanuts
Best of the best: Over $5 Million per year
Time to first Million: 2 to 10 years
Well would you look at that?! Yes, new media personalities are cashing in big these days, but it comes with a caveat.
The barrier to entry is almost non. It’s actually free to start so there’s a lot of people trying to get any bit of pie. That’s why it doesn’t even make sense to calculate the average earning of your average youtuber, because they don’t earn almost anything.
Number 11: Professional Athlete
Average salary: $2.5 Million
Average career lifetime: 5 Years
There’s never been a better time in history to be a professional athlete than it is today. The only issue is, you need to perform, consistently, over the longest period of time possible and then figure out a way to not go broke afterwards.
Number 12: Professional Entertainer:
Actors, Music, TV & More
Salary: From $250,000 to Over 10 Million per year
Where do we even begin with this one?!
Well, it pays a lot of money to be a celebrity, a singer, movie star, tv show host or actor and the list goes on.
Ok then, let’s talk about rich people:
Number 13: Investment Banker
Average Salary: $200,000
Managing Director: At least $1,000,000 per year
The pay in this sector is not in the raw salary, but in the yearly bonus you get, sometimes larger than the salary itself.
Money and money management is probably the most straightforward way to getting rich.
Number 14: Hedge Fund manager
Average salary: $2.4 Million
Best of the best: Over $1 Billion per year
If you thought the investment bankers get paid a lot, you’re in for a treat. Out of every job position on this list, the highest yearly earnings are in the hedge fund business.
A hedge fund is basically rich people coming together and pooling their money. This money gets aggressively invested by a company called a hedge fund with the purpose of getting big returns for the investors.
Number 15: Business Owner
Average salary: $75,000 per year
You didn’t expect that did you? Yep, that’s how much you’re gonna earn if you’re the 1 in 10 who’s business manages to survive.
The difference is that, in this case you are in charge of how much you earn, based on the volume of work, your ability to innovate, adapt and sell.
The better you understand the market and your own business, the smarter the choices you can make.
Every business is one step away from massive success as well as one step away from failure, knowing in which direction to take it, that’s the million dollar question.
For business owners, we’re not gonna do a list, you all know how much the likes of Elon or Jeff Bezos are earning.
What we want you to remember is that not everybody can perform at the level of the people we’ve mentioned throughout this piece, but if you’re smart, discipline and pick a smart industry, you might do well for yourself.
If you were to pick a job from this list, which one would you pick and why? We’re really curious to see what you guys think!
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