According to Dave Ramsey these are the top five careers of millionaires. Is anyone else surprised by what is on it, as well as what is not on it
I would also think entrepreneur, but he’s probably looking at working for someone else. Teacher is kind of surprising to see on the list.
No way teacher is accurate, and “management” is too vague.
I also felt that way about teachers. What surprised me was not seeing physicians on that list, especially surgeons and radiologists who traditionally earned a lot more than the average physician.
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Historically among high earners, physicians and lawyers are the worst at handling their money.
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Dave Ramsey continues to demonstrate that the only thing he is good at is helping get out of debt. This is the equivalent of click bait. Google the topic and find 20 different lists.
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Agreed, there’s a huge salary range for “management”. I have read that someone with an MBA will make over $2 million more over their career than someone with just a bachelors degree in business.
Agreed. It is possible that teachers are married to higher earners, and together they’ve saved/invested enough to be millionaires, but I wouldn’t imagine that to be such a common story as to make a “top five” list.
I’d love to pay teachers enough to make that stat more likely, but lately I’ve started to adopt a new attitude:
School systems don’t have enough money to be paying teachers $200K a year, or else taxes would be through the roof. On the other hand, many parents just turn a blind eye to their kids’ education, naively assuming the “professionals” have got it covered.
Public school is more like babysitting than education. And looking at some of these videos in the news and on the social media, it looks like a very poor job of babysitting, as hoodlums and thugs seem to be perfectly comfortable walking around beating people up (including teachers) in some of these districts.
The sooner parents take teachers (and also college professors) off of the pedestals they have them on, the sooner they will realize that they (the parents) are the ones who are going to teach their children.
No one is ever going to care about you or your family as much as you do.
I am surprised by teacher. Not sure what all this includes. Some college professors can make some nice coin.
Engineer, CPA, Management, and Attorney all have something in common. Most work way more than 40 hour work weeks. As a young CPA, I was often working 50-80 hours per week.
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These two make sense because they are good with numbers.
Might depend on his definition of millionaire. The one I grew up with was essentially net worth of a million. Teachers could get there in some states. Where I am, teachers are paid decently and in the lower cost of living areas of the state, frugal ones might get to net worth of a million after some years. It’s a stable career.
People often now use millionaire to talk about people who make a million or more. You’re not doing that in education unless you’re a football or basketball coach.
Yep, thanks to 401K’s and IRA’s there are a lot of millionaires today, plus with low interest rates until Biden there’s a lot of people that were able to buy and pay off more expensive homes.
18% of Americans are millionaires, that seems about right to me.
The average age for a millionaire in the US is 61 and 80% of millionaires are over 50 which makes sense. If someone starts investing in their early 20’s and increase how much they invest every year becoming a millionaire is pretty easy.
Speaking of millionaires…