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Apr 18, 2024 · There's no one category of jobs for millionaires, but working at a high-paying job and taking care of your money could potentially make you a millionaire one day. (We've intentionally left off jobs that require unique talents and abilities, like professional athlete, musician and actor.)
Aug 22, 2024 · Here is a list of careers that can help you become a millionaire: 1. Trader. National average salary: $78,897 per year Primary duties: Day traders navigate the stock market and focus on buying and selling stocks to make money for clients.
- Investing in Stocks and ETFs. The first way to become a millionaire in Canada is likely one that most of us already partake in: investing in the stock market.
- Improve Your Job. A lot of Canadians never consider improving their employment. If this is your primary source of income, then instead of looking to add other income sources, why not work to improve this one first?
- Build Multiple Income Streams. If you are certain you are happy in your job, then you can think about adding some more income streams. What is an income stream in Canada?
- Reduce Your Debt. Before you can ever think about becoming a millionaire in Canada, you will want to reduce or eliminate your debt. For many of us, this will likely be the mortgage on our real estate.
- Software developer. Going into tech is often considered a safe bet for those hoping to make good money. Software developers tend to be well-paid, with median earnings eclipsing $100,000 annually.
- Certified public accountant (CPA) Certified public accountants (CPAs) need a license to practice and may provide financial advice and bookkeeping services or help businesses or clients prepare taxes.
- Lawyer. Lawyers can make great money if they specialize in criminal, family, or corporate law. These professionals tend to charge high hourly rates, so those who work for a large firm or amass many clients have an excellent opportunity to hit that millionaire mark.
- Engineer. There are many different types of engineers — including structural, nuclear, electrical, and aerospace, to name a few. While some of these professions tend to pay more than others, all have the potential to offer solid earnings.
- Diana Kelly Levey
- Engineer. Average civil engineer salary: $86,640. Average mechanical or industrial engineer salary: $87,370. “We surveyed over 10,000 millionaires all across the country for the researching finding in my book Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—and How You Can Too,” says author Chris Hogan.
- C.P.A. Average certified public accountant salary: $70,500. “The second most common profession amongst the millionaires we surveyed were accountants,” says Hogan.
- Teacher. Average high school teacher salary: $60,320. Average middle school teacher salary: $58,600. Average kindergarten and elementary teacher salary: $58,230.
- Human resources manager. Average human resources manager salary: $110,120. There’s a wide range of positions in the human resources field. An HR manager oversees recruiting, hires new employees, does strategic planning with executive members of the company, and is often a liaison between upper management and employees.
Dec 6, 2022 · Although some millionaires have high-paying jobs, only 31% average $100,000 per year during their careers. The keys to becoming a millionaire are spending wisely and investing consistently.
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Jun 27, 2024 · You may receive payment daily for completing various jobs like walking clients' dogs or transcribing business documents. Understanding how to get paid daily can help you establish a more flexible income and receive quicker access to your earned funds.
