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/news/made-not-born-dave-ramsey-110000138.html

About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.

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