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  • Nowadays, the idea of becoming wealthy is tied to entrepreneurship.

  • In order to make a lot of green papers, you should start something on your own, be your

  • own boss, kick-off that brilliant idea that would eventually make you a 7 figure earner.

  • It's true that being your own boss will give you more control over your career or earnings,

  • you won't be tied to a specific job that would force you to live under certain circumstances.

  • And its also true that the world's wealthiest people today became who they are by starting

  • their own independent ventures.

  • That's definitely one way to attain wealth, but if you look at the facts, we live in the

  • best of times where you can achieve an enormous amount of wealth by being just an employee

  • with a regular job.

  • Of course, this path isn't easy and filled with obstacles and challenges as well; however,

  • despite the odds, millions of people have taken this path and made it.

  • So theoretically, you can, too, assuming that you are going to put the required amount of

  • effort and time into this.

  • With the rise of globalization, the world has never been so competitive.

  • Companies from every angle of the world are waging financial wars against each other to

  • gain market share and maximize profits.

  • Still, to do that, they need the best of minds, that's why if you are just an employee, theoretically,

  • you have all the chances to earn 7 figures.

  • Cybersecurity

  • Especially when it comes to tech companies.

  • Technology has never been growing as fast as it has been recently.

  • 10 years ago you probably had a phone with buttons, now its all screen and you can't

  • live without it because it became a crucial part of your daily life.

  • Almost everything you search, watch, and do is one way or another related to it, and that's

  • what makes it risky as well.

  • You are always vulnerable to hackers, which worries the tech giants who are providing

  • these services.

  • No one wants to gamble with its reputation, so the amount of money that's spent on cybersecurity

  • is significant.

  • According to IBM, a single data breach can cost a company up to 3.3 million dollars,

  • and that's a 12 percent increase since 2014, which means that companies such as Facebook,

  • Apple, Netflix, or banks, in general, would spend more and more on cybersecurity.

  • This means Jobs in this field begin to pay enormous amounts.

  • Cybersecurity engineers, for example, earn around 200 thousand dollars.

  • But they are not alone, information security managers, cybersecurity analysts, all make

  • something approximately 200 thousand dollars or slightly lower on average.

  • The best part of it is that you don't need a degree or any kind of formal education,

  • although it could really help.

  • What matters is only your knowledge and experience in understanding technology and these systems.

  • A tech conglomerate like Apple pays up to 1.5 million dollars to those who can hack

  • an iPhone or mac.

  • You can make over a million-dollar just by hacking your friend's iPhone.

  • ANd apple isn't the only company that's ready to compensate you if you hack them.

  • Facebook, Amazon, and other tech giant have a similar policy.

  • So, in this age of technological revolution, hackers are very well rewarded.

  • 2.

  • Traditional Jobs, Doctors, Lowers and Engineers

  • It's not a surprise that doctors are paid enormously.

  • Regardless of where you are in the world, doctors are always paid well enough, and in

  • the United States, they are almost always millionaires.

  • Take an example of Anesthesiologists.

  • According to National Occupational Employment and Wage Estimates at the end of March 2019.

  • Anesthesiologists, on average, earn around 267,020 dollars, which puts them on the top

  • of the list of highest-earning professions in the US or even in the world.

  • That's the average image of how much the top professionals are making.

  • But they aren't alone in that category, surgeons, physicians, Gynecologists all earn more than

  • 200K dollars per year.

  • It's not easy to become a doctor.

  • Medical school is challenging and often requires full dedication.

  • And even when you graduate, you still have years to practice before you become a fully

  • capable doctor.

  • Regardless of its complexity, there is a clear path to becoming one.

  • You don't have to invent anything or to be super creative.

  • The way is made clear before you, all you have to do is to follow it strictly.

  • In comparison, as an entrepreneur, there isn't a clear path; everything looks blur, you have

  • to figure everything on the way, and even if you come up with a perfect plan, there

  • are still plenty of things that could easily ruin everything.

  • Even if you work as hard as a medical student, chances that you will fail are way higher

  • than a medical student.

  • So, from the perspective of risk, taking the first path is much more secure and safe.

  • And the same applies to Lowers and engineers.

  • Of course, as a beginner, you will be filled with lots of paperwork and a salary that would

  • hardly pay the bills, but as you grow in ranks, that paycheck keeps getting bigger.

  • An average lawyer earns around 10 thousand dollars per month or a 120K dollar a year.

  • But that number can quickly explode if you take advantage of the opportunities in the

  • market.

  • Companies might claim that they are all working for the common good, but in reality, behind

  • closed doors, there battles in the quarts over patents, trademarks.

  • And a lot of other things where the most talented and hard-working lawyers are paid millions

  • to win cases before the judge.

  • A million-dollar is nothing because the company can end up paying hundreds of millions if

  • not billions if it loses a case.

  • 3. sales

  • But doctors aren't the only ones who are paid enormously.

  • The next profession can make you a millionaire even faster.

  • Even if you don't have a college degree or any experience.

  • In the world of capitalism, this profession is the mother of all other occupations.

  • Sales!

  • Of course, it will highly depend on what exactly you will be selling.

  • Working at your local grocery store might not earn you a lot, but selling luxury cars,

  • for example, might very well give an opportunity to make a considerable back.

  • If you have watched the wolf of wall street, you know what I am talking about.

  • Jordan Belford, who was the main character, built an entire company selling penny stocks,

  • stocks of companies that often don't even exist.

  • You can even call them trash stocks.

  • Just a disclaimer, I am not saying you should be scumming people and selling crap.

  • That's not the point.

  • But often as a salesman, you are offered a commission on the top of your salary.

  • So, you can earn as much as you want.

  • You don't even need any kind of qualification.

  • It all depends on your ability to sell.

  • Some people are naturally good at dealing with people.

  • They quickly build trust with strangers, which makes the entire process of selling a lot

  • easier.

  • Of course, most people aren't born with such talents, but if you still insist on taking

  • this path, their lots of great books that can teach every skill you need.

  • Humans are predictable; once you understand human psychology, it gets much more comfortable

  • to convince them to buy something, even if that's something they don't need.

  • Take a look at all the things you have, how many of those things you really need, not

  • many, your closet is filled with clothes you never wear.

  • And Sales commissions could go as high as 50 percent.

  • So, even if you can't afford a college degree, you have all the chances by taking this path.

  • 4.

  • Marketing

  • With the rise of the internet, the advertising industry became ever more sophisticated; the

  • entire internet grew by relying on ads.

  • This powerful platform depends on ads to survive and thrive.

  • Because everyone heavily relies on the internet for basic day to day needs, companies spend

  • billions to track our habits to be able to create more accurate ads.

  • In 2019, more than 100 billion dollars were spent on social media ads.

  • And this number will only increase year after year.

  • A lot of companies getting into social media but don't really understand how to use it

  • wisely, that's why lots of companies emerged out of nowhere just to help these companies

  • to spend their money wisely on social media.

  • And the greatest part about it is that you don't need any degree or what so ever.

  • Its something you can learn on your own and build your way up from there.

  • 5. real estate

  • Real estate is probably the best traditional investment in the world.

  • This industry will always be relevant; at the end of the day, people need a roof over

  • their heads, regardless of whether the economy is down or up.

  • This industry is worth trillions of dollars, and as the world population keeps growing,

  • and more and more people are moving to cities, the trend for this industry seems only to

  • be upwards.

  • And if you are an extrovert who knows how to convince people, you can make a fortune.

  • Real estate agents mostly make money from commissions.

  • There is no limit to how much you can earn, the more you can sell, the more goes into

  • your pocket.

  • 5 percent might not seem much when you sell a house for 300 hundred thousand dollars;

  • 5 percent does make sense = 18K USD.

  • Of course, you aren't going to take all that money home because you have to split it with

  • your broker and buyers broker, but you will still end up with a few thousand dollars.

  • It might be super difficult to get your first deal; however, once you build up your reputation

  • and create lots of connections, You no longer have to hustle day and night.

  • Opportunities will just be coming to you.

  • Conclusion

  • These professionals pay a lot of money, but keep in mind that as you keep earning more

  • and more, your tax percentage keeps increasing.

  • At the end of the day, 86 percent of government budgets come from individual income and payroll

  • taxes.

  • For instance, every penny you earn above 40,125 dollars is taxed at 22 percent.

  • While your first 9875 dollars aren't taxed at all.

  • As your income grows, the portion you have to share with Uncle Sam grows as well, and

  • At some point, it stops making sense when almost half of your income gets taxed.

  • Your incentive to earn more drops as well.

  • Currently, the tax rate peaks at 37 percent on everything you make above 518,401 dollars.

  • That's why the wealthiest people on earth take a different path to wealth, where tax

  • rates much lower.

  • But risks are higher.

Nowadays, the idea of becoming wealthy is tied to entrepreneurship.

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