College Majors That Create The Most Millionaires

The college major you choose and the career that it leads to is going to have a massive impact on your financial health

And your financial health impacts literally every other area of your life, like your physical health, your mental health, and your relationships

In fact, you've probably seen all the studies and articles that show that financial problems are the number one reason for divorce

And I would have to agree with this from personal experience is this was probably the reason that my parents got divorced when I was young

And through a series of unfortunate events, I kind of went down a... wild path where I ended up homeless and I got in a lot of trouble. And thinking back on it

financial issues were one of the reasons why I had such a rough childhood. And now I am in a

great place. I can honestly say that I live my version of a 10 out of 10 lifestyle where I get to work

remote and travel the world. And I can tell you from my own personal experience as somebody who's

been down bad, right, like the lowest of the low, at least in the United States, to now being in the

top 99% of earners and, you know, I could actually retire in my 20s if I wanted to. I don't want to

retire, but I could. And I can honestly say that people that say money doesn't matter are

absolutely delusional. Money does matter and study after study after study shows this. We know that money

does make you happier, at least up to a point. And we also know that not having money makes

you more unhappy, aka more stressed and depressed. And the way that I was able to get myself out of that

down bad type situation to the point where I'm at right now is because I went where the opportunity is

right. So go where the opportunity is, is the slogan of this channel. And you can do this as well

which I'll show you how to do in this video. And whether you agree with the current, you know

financial system or not, because trust me, there's a lot of problems with this financial system

It's important to make practical decisions and control what you can. And that means it's important

to consider money when it comes to choosing your college degree or your career, especially if you're

planning on taking out a bunch of student loans in order to go. And choosing the right degree and really

choosing the right career because you should begin with the career in mind when you're deciding

which degree to choose is going to put you ahead of like at least 95% of other people and probably

99% of other people who are your age. So if you really pay attention to the options I give in this

video as well as the advice that goes along with it, you are going to have an unfair advantage over

just about anybody else who is your age. All right, so we are going to go over what college degrees

create the most millionaires. But on top of that, I'm going to be talking about why those college

degrees create the most millionaires. So if you appreciate me doing videos like this, go ahead

gently tap that like button and let's get into it. Number 13 on the list is going to be

medicine. And this is actually what I did and I believe that it's a mediocre to good way of getting

rich. Now, why do I say it's mediocre? Well, because obviously it's number 13 on the list and not like

number three. Now, I think they actually bunched together medical doctor with a lot of other medical

related careers. But the process of becoming a doctor is really hard and being a doctor is even harder. And

I've made entire videos on reasons that you shouldn't become a doctor, so you can definitely check that out

I'm not going to go into too much detail in this video, but basically, when you're a doctor, it's extremely stressful

They have some of the highest stress rates. They have some of the lowest job satisfaction. And on top of that, unfortunately, they have some of the highest self-diletion rates

And for most people, I actually recommend looking into some of the other medical-related careers that don't take as much time, effort, or money to get into, and they're also not as stressful, like PA, nurse practitioner, and pharmacist, for instance

But even with those, it can be extremely stressful. I mean, I think we all saw how the government handled the whole cough-cuff situation

Because as we all saw, they did a great job. Now, the upside here is if you work in medicine, which I'm referring specifically to like an MD or a DO

that's medical doctor or doctor of osteopathic medicine, you are going to make really, really good money

And that's why you do see it on the list. But with that being said, you're probably going to be old by the time you have enough

money to actually enjoy it. And you are going to be either in medical school, which is extremely

stressful, or doing residency, which is probably even more stressful during the best years of your

life. And then when you finally become a fully fledged doctor in your 30s or even 40s in some cases

you're going to have to pay off a bunch of student loan debt. So this can be a great choice

but I think it's a little bit overrated. Like the way the media hypes the career up, I think it's super

overrated. There's way too many people trying to go into this. And they're doing it for the wrong

reasons a lot of the time because their parents want them to or they think society is going to you know see them a certain way or something like that You guys are probably wondering why I spend so much time like autistically researching this stuff And that because if you get this right it going to absolutely change your life

Most people choose the wrong career three or four times before they find the right one

And this affects literally every area of their life, not just their finances, but their relationships

their mental health, their physical health, et cetera. And being able to help people figure this out at a young age without having to go to college and spend like $100,000

makes me incredibly happy and fulfilled. And that's what keeps me going, seeing all the positive comments

jumping on calls with people, doing interviews with them. It really is fulfilling

But I digress. Let's go ahead and jump into number 12, which is mathematics

So Galileo said mathematics is the language in which God has written the universe

And the president of the free world, Joe Biden said, cost about $740 million billion over 10 years

What? I think you get the point. Math is hard, even for presidents

But if you happen to be one of those rare gigabunds, who is both good at math and you enjoy it

then you will probably never go without a job. And this can be a good degree for you to get

So for instance, one of the most famous hedge fund managers in the world

Jim Simons, was actually a mathematician. So he figured out how to use mathematics

in order to basically predict the markets in the real world. And he makes literally billions of dollars a year

So he is probably going to have like $100 billion if he wants to

So yeah, if you are one of those rare people who is good at math and you actually enjoy it

it, there are many practical applications to it in the real world. So I'm not surprised to see this one

on the list. Number 11 is going to be management. Now, this is going to be the first of many business

degrees that you're going to see on this list. And I think there are many reasons that business

degrees dominate. And I think one of the main ones is the fastest way to become a millionaire is to

start a business. Now, it's definitely not impossible to become a millionaire without starting a

business. You can definitely do it by investing, getting a good job, etc. But typically, those are the

the types of people who become millionaires when they're too old to enjoy the money

Now, there are definitely exceptions to this because there's some jobs that are just so high

paying, so in demand, that you can actually become a millionaire at a young age

Number 10 on the list is going to be political science. And one of the best ways to get rich if you have no empathy, ethics, or moral compass

is to become a politician. Oh, oh. Or if you can't become a politician, just invest in the same stocks as Nancy Pelosi

and you'll probably be pretty well off. But it's not just Nancy Pelosi. Nope

Over half the members of the U.S. Congress on both sides of the aisle are millionaires

So the people who are representing the interests of common people tend to be people who have way more money than common people

and so therefore can't really relate to us. But all joking aside, understanding politics

understanding kind of how countries run, how the world works, is going to help you in life

whether it is getting a good job, whether it is learning how to save your money, whether it is learning how to invest your money

or maybe possibly learning where there are good business opportunities. So the government, for instance, actually spends more money than any other entity in the entire world

And so one thing I have talked about before on this channel is getting grants and government

contracts. So if you start a business where you secure government contracts, that can be really good

money. And kind of understanding how the political system works and how the government works

is going to help you do that. Number nine on the list is finance. And do you want to make an ungodly amount of money without actually

contributing any value to the world? Then a finance degree might be perfect for you. Just kidding

there are some types of finance that are important and necessary in society. But one thing I will

say about this is that it is highly competitive. If you go into some of these finance roles, yes

they do pay really good money, but they also are going to make you work long hours and it's

kind of boring, repetitive work a lot of the time. And it's highly competitive. If you're

you're not hitting your numbers, you're probably going to get fired. So this can be a great option for people who are kind of like type A personalities and just love

working long hours. And I would say not only is finance one of the best degrees to become a millionaire, but it's

probably one of the best degrees to become a billionaire as well. But with that being said, be careful what you get yourself into

Now, obviously, this one is going to probably help you when it comes to investments as well

You're probably going to be really good at budgeting, saving, and investing your money

And on top of that, it does tend to lead to higher paying jobs. And a third thing is there a lot of opportunities to start businesses within the finance industry I would say it probably the industry that has the second or third most opportunity So this one can be really great Number eight on the list is going to be computer science

And I think everybody who watches this channel knows this is a great degree. You know, if you get this degree, you might be able to create the next social media app

that ruins an entire generation's attention span like TikTok. Or maybe you can create the next piece of software that steals people's data and gets away with it

Just kidding, there's a ton of great things that software developers obviously do. But yeah, getting a job as a software developer in the technology industry is basically like

cashing in a golden ticket to success. And with a computer science degree, not only can you make a ton of

money in a job, but on top of that, you're going to be in the technology industry where there is a

ton of opportunity to start a business. And software development is one of the few skills where it has

almost infinite leverage, right? You can create a computer program, a website, a piece of software

where you can actually impact millions of people's lives. Right? One single person can create a website

that millions of people visit. One single person can create a piece of software that millions of people

can use. There's really only a few skills out there that give you that much leverage. So this is

truly one of the most valuable skills that you could possibly learn. Next on the list, number seven

is going to be an accounting degree. Yes, another business degree. And surprisingly enough

it actually comes ahead of finance, which probably surprises a lot of people out there. An accounting

is not only a very solid career, but it is going to teach you the fundamentals of personal finance as well

accountant, obviously you know the ins and outs of a business, so you're going to know the

ends and outs of your personal finance. And on top of that, there are a lot of high-level careers

you can go into, such as financial controller. I actually interviewed Bill Hanna on this channel

I believe he makes somewhere around $250,000 to $300,000. And he got an accounting degree

Plus, if you work in something like tax accounting, you're going to see a million examples of

different businesses that are successful. And that's going to give you a good idea of what types of

businesses you could start to also be successful. Right. If you see a bunch of people from certain types

of businesses who are barely getting by, they're struggling, and then you see a bunch of people

from other types of businesses that are absolutely crushing it every single year making like

double the amount of money. You probably know where the opportunity is. So yeah, accounting degrees

give you an advantage in so many different ways. Number six on the list is going to be commerce

and this can be called different things depending on the country that you live in. But essentially, it's how trade works on a global level. And yes, this is another business degree. So no surprise

to see this one here. Business degrees tend to lead to relatively high paying jobs. The statistics

are very good for business degrees. On top of that, people who get business degrees

tend to be better with money, things like saving money, right? And, number three, they're probably better

when it comes to what to invest their money in. And then number four, people who get business degrees

are more likely to be successful if they actually start their own business

Number five on the list is going to be a Bachelor's of Business Administration

Now, this is, of course, another business degree. No surprise to see it here. Now, one thing I will say about these business degrees

is you do have to consider correlation versus causation. And what I mean by that is

are people who are interested in business degrees more likely to be successful

or is the business degree itself more likely to lead to people being successful

And the truth is you can never say for sure which one it is, but it's probably a little bit of both

Now, I will say this data is from like the last 80 years, obviously, of people who have become millionaires

and I do not recommend getting a bachelor in business administration right now

I would actually say it's much smarter to get a more specialized business degree

Number four on the list is going to be a law degree. And lawyers are slightly better than politicians, but not by much

Now, of course, there's a ton of great lawyers out there, but any lawyer who's being honest will tell you there are a bunch of sharks in the profession

Like actually, you know, I had a patient before who I'd see like, you know, maybe once a month or so

And every single time I saw him, he'd tell me a new lawyer joke and he would actually warn me to not trust lawyers in my life

which I thought was kind of funny. Now, that being said, it's kind of not fair to put this one on the list because it is technically a doctorate level degree, whereas almost all the other ones on the list are bachelor level degrees

And also, lawyer is one of those professions that's extremely stressful, kind of like doctor

In fact, I'd say it's even worse. So I made an entire video about why you should not become a lawyer as well, and you can check that out

Number three on the list is going to be economics, and this is one that you can get at the bachelor's level

You can also get a master or a doctorate level degree if you want to become an economist

This is one that a ton of famous people have gotten for some reason like former presidents Ronald Reagan George H Bush Donald Trump as well as investing legend Warren Buffett So it no surprise to see this one at

number three on the list. And it's also technically a social science degree. Now, there is a part of

economics where they use things like facts, logic. It's an actual science. And then there's the other

faction of economics where they basically use idealistic, woo-woo, wishi-washy-boggled logic in order to

justify whatever they believe in. And it's usually involving things like printing, of dollars or giving people who are already really powerful, even more power. But I digress

Economics is very similar to a business degree, but I think it sort of studies the economy on

more of a holistic level. And so obviously, if you're studying the economy, you're going to kind

of see like, oh, what industries are absolutely crushing it. And then when you look into that a

little bit more, you'll probably see what types of businesses are crushing it. And so that's going to give you an advantage if you want to either go work for those businesses or you want to

start your own business. And then, of course, economics does tend to lead to relatively high-paying

jobs. For instance, you might work in finance and there's a lot of high paying jobs there. And

understanding economics is going to lead to you asking questions like, why the is the government

printing trillions of dollars and then sending it to other countries? Just kidding. Nothing to

see here. Move along. Number two is going to be a master's in business administration or MBA. Now

this is another one where it is not a bachelor's level degree. It is a master's level degree. And it's

also a business degree, so not surprising to see more business degrees on this list. Now, this is one where

it's extremely hit or miss because if you go to the right school and get an MBA from that school

I do think it can be worth it. It can open up doors for you that you wouldn't have access to otherwise

So it can be great for networking, for instance, if you go to Harvard, Stanford, Wharton

But if you get one of those MBAs that's basically like a cracker jackbox MBA, which I almost got myself

that's probably not going to be worth it. So when I was going to school for pharmacy

I had the option to actually double major and get my farm D, which is a doctorate level degree

and my MBA at the same time. And at first I was like, oh my God, that's awesome. And so I decided to actually take my summers, my little bit of free time that I had in my accelerated program

to do this MBA course. And I quickly realized that the people who were teaching the MBA course had zero business knowledge or experience

And by that time, I had actually started two successful businesses. I wasn't making like crazy money, but I had started two successful businesses

One of them was selling eyeglass cleaner and the other one was a consulting business

related to pharmacy. And I realized that even though I didn't know much about business

I knew more than the professors who probably only did business like 20 or 30 years

ago, if at all, and they were teaching me. So they were basically just teaching

theoretical, wishy-washy stuff that didn't actually work when you try to apply

it in the real world. So if you go to the right school and get an MBA degree, yes

you can network, yes, it's going to open doors for you, you can get great jobs

But I typically do not recommend getting an MBA degree unless you really have researched it. Number one on the list is going to be engineering

And one thing I will say about this, I'm not surprised to see engineering here because you do make more

money over a lifetime with an engineering degree than any other type of degree out there

But one thing I will say is I'm a little bit surprised they didn't separate out the engineering

degrees like they did with the business degrees. Because you make a lot more money as an electrical

engineer or a chemical engineer than you do as a civil engineer, for example. But yeah, lots of former

grads that are billionaires like Jeff Bezos, Neil Armstrong, model Cindy Crawford, Bill and I

the Science Guy, and even Ashton Coucher. So you see engineers representing in just about every

industry out there. Now, funny enough, not only are you more likely to become a millionaire if

you're an engineer, but you're also more likely to become a CEO of a Fortune 500 company

and you're more likely to become a billionaire. So engineering degrees absolutely dominate these

types of lists. Now, you could argue, is it correlation or causation? You know, really smart people

who are able to do engineering, maybe they would have been successful even if they did something else. Again, I think it's a little bit of both. But with that being said, engineering teaches you

practical problem solving, which is what entrepreneurship is all about. As an entrepreneur, you go out there

you find problems that a bunch of people are having, and then you solve those problems in the form

of a product or a service. Now, if you're in a situation where you're confused about what degree

you should choose, I actually made an entire video that's dedicated to showing you exactly the steps

that you should follow in order to choose your dream degree. And you can check that video out right here