8 Jobs That Make A Million Dollars (Yearly)
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My list of the 8 best high paying jobs that anyone can do!
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The Credit Suisse Global Report reported that 1% of the world’s richest millionaires and billionaires right now, own 44% of the entire world’s wealth, the top 10 billionaires own $801 billion of assets which is larger than the GDP of Saudi Arabia, Switzerland, Turkey, Taiwan, Poland, Sweden, Belgium, Thailand, and Iran. Out of all the countries in the world, the United States happens to have the most millionaires by far.
In order to be considered part of the 1% of US earners, you’d need to make roughly $400,000 per year in income. That number actually varies state to state, for example here in Las Vegas, Nevada, you’d need to make roughly $469,328 to be considered 1%, while if you’re in New York City, you need to make $702,559. What’s crazy to me though, is that the President of the most powerful country in the world, the United States, takes a salary of only $400,000 per year. While that’s still a lot of money, it’s far below what some people make from their jobs. All of these following 8 jobs can make well above $400k a year and into the legendary 7 digit million dollar figure.
#1: Healthcare jobs: anesthesiologists, plastic surgeons, cardiologists, and neurosurgeons. If you can stomach the work, the grueling hours, and the emotional effects of how important your job is to saving someone’s life, you can earn an annual salary of $400k to $500k and up. The downside is that you need 13 years of studying after high school. The average debt that these professions hold is anywhere between $200,000 to $300,000.
#2 Tech. The average salaries here are easily six figures. Even a software engineer intern at Google makes over $7,000 a month starting pay. The big salaries belong to the senior software developers that work for FANG. Facebook, Apple, Amazon , Netflix and Google. If you’re a tech lead, you can make over half a million dollars a year and more after bonuses and incentives. This was my first choice when I was considering a job. The downside to this job isn’t the education or the cost, instead, it's a just you cannot learn unless you have some basic interest in doing so. You can’t force yourself to learn coding, you need to have a drive and passion for it.
#3 Finance. Specifically, an investment banker. If you watched my video about the stock market where I talked to Raoul Paul, that's the guy that pulls in well over a million dollars a year at the height of his career. If you’re really smart about it, you can be a managing director making well over a million dollars in bonuses alone in about 10 years. Three years as an analyst, three years as an associate, 3 years as a VP, and another year or so as an executive director. That’s the best case scenario, according to efinancialcareers.com. The average time it takes to become MD is 17.5 years.
#4 Law. There are lots of different flavors of lawyer to choose from. If you do a quick google search you’ll see the highest paid ones by salary are corporate lawyers, tax attorneys, trial attorneys, IP attorneys and medical lawyers. But in my opinion, one of the highest paid specialty lawyers are class action lawyers. The average debt here is $145,000 and it's an extremely high stress career with very high rewards.
#5 Consulting. I got to consult on Now You See Me 2 and spend two months with the cast and train them how to do cardistry. Probably one of the coolest life experiences ever and consulting contracts can easily be well over a million dollars.
#6 Day Trader. While not exactly a position that you apply for, it does closely relate to a hedge fund manager. Except in this case, instead working for a banking giant, you’re working for yourself.
#7 Realtor / Real Estate Investing. Two ways you can go about this one, you can either leverage your money by buying houses, renting them out, and selling them for a profit or you can become a luxury real estate agent and become a millionaire. Best examples are Graham Stephan and Meet Kevin.
#8 Social Media person. Whether it’s instagram, Facebook, or YouTube, you can make over a million dollars a year making videos from the comfort of your own home.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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