The financial industry, for instance, has created the most millionaires, according to Wealth Report. The tech industry, insurance, and healthcare are ways to grow wealth and achieve more through careers or entrepreneurship.
“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.
Physicists require a doctorate, and they often work in research laboratories and observatories and can be employed by the government or private companies. The career outlook for these scientists is bright, with employment projected to grow by 7%, according to the U.S. Bureau of Labor Statistics.
Medical doctors specializing in diagnostics and neurosurgery need to possess different kinds of mental abilities that make jobs in those fields particularly suited to those with a superior IQ. Other occupations heavily populated by persons with superior IQ's are successful artists, politicians and college professors.
Advisory giant Accenture consistently pays consultants the highest starting salary compared to the big four consulting firms, with PwC and Deloitte vying for second place at different experience levels.
Dated ways of describing someone worth n millions are "n-fold millionaire" and "millionaire n times over". Still commonly used is multimillionaire, which refers to individuals with net assets of 2 million or more of a currency.
Ultra-wealthy individuals invest in such assets as private and commercial real estate, land, gold, and even artwork. Real estate continues to be a popular asset class in their portfolios to balance out the volatility of stocks.
No matter how much their annual salary may be, most millionaires put their money where it will grow, usually in stocks, bonds, and other types of stable investments. Millionaires put their money into places where it will grow such as mutual funds, stocks and retirement accounts.
Many millionaires keep a lot of their money in cash or highly liquid cash equivalents. And they tend to establish an emergency account even before making investments. Millionaires also bank differently than the rest of us.
