There are 9 Industries Most Likely To Make You A Millionaire:
when I was a little kid when I was about 10 years old, my dad and i, we would go fishing and my dad would always get on this little boat and we would kind of take the boat. My dad and I, we will go fishing. And my dad would always get on visit the boat, and we would kind of take the bowl to about 30 minutes away from the from the city. That was in Hong Kong. And we will fish in that area. And that's a little kid. I'll ask my dad. Why don't have to get a bow and go to this area? Why couldn't we just fish like where we are? Like, why would you have to make this trip? And my dad would say to me, well, son, that's what the fish is. And I always remember that lesson, just like the reporter asks the famous bang robber. Like, why do you keep robbing the bank? Because that's where the money is, right? Is the same idea as an entrepreneur choosing the right industry is very, very critical. And there are many industries that we could get into, right? And sometimes I think we are overconfident and entrepreneur, and we say we could go into any industry, sell any product offer any service and provide solution. And we could be very successful at doing that. I think that's simply not true. So today I'm going to share with you nine industries that are most likely to make you a millionaire. And if that's your goal, there are many industries that you can get into. Now, I'm not talking about, like, gimmicks and tricks, like cryptocurrency, or winning the lottery. I'm talking about legitimate, proven industries. They have created millionaires and billionaires.
1. Financial services
Industry that is most likely to make you a millionaire. And that is financial services. Now, when I say financial services, I'm talking about the management of money, money lending, or management of assets. We're talking about the loan associations banks, financial companies, insurance companies brokerage. A lot of those firms are very, very wealthy because there's a lot of money in money. One of the things I've learned from one of my mentors, he said to me, Dan, don't ever forget the money is in the money. There's a lot of money to be made just by managing, handling, investing money. Michael Bloomberg, former mayor of New York, became a billionaire by providing financial data to the financial industry.
2. Technology
Industry Now you know the Google, the Facebook, the Apple, but we're talking beyond that. Think about traditional industries that you could go into, maybe by using technology, what you could do to disrupt that industry. And you can see that a lot. Now we call that disruptors, right? How could you technology to make things more efficient? We're talking about robotics. We're talking about ai. We're talking about automation. We're talking about manufacture of these technology products, or even providing technology as service billions and billions and billions with a value are going to be created in this particular sector. So are you a technology entrepreneur?
3. healthcare
Industry memento, Dan Penier, the $50 billion man talks about this a lot. Healthcare, because people are willing to spend a lot of money to live longer. So healthcare, I'm referring to, could be assisted living, senior homes, pharmaceutical, any products or services that help people to live longer life and stay healthy That's very, very good industry to get into.
4. real estate and construction
United Nations forecast predicts by 2025 the world's population will increase to almost eight billion people. Eight billion people by 2050. It would be almost 10 billion people. That's 10 million people on this little planet by 2050. Now, what does that mean? Where's the opportunity? We all need a place to sleep in, to play in, to entertain, to go to, to shop, real estate and construction.
5. Education
education with all the changes, all the technological changes that are happening. Knowledge becomes very, very critical. People want to learn. They want to equip themselves with skill sets. And that's the space that I mean in the education and software space. Because I can see the opportunity happening right now in front of us to connect individuals, people, professionals, to 21st century skills and job opportunities. Now within education, you could also have products and services and software that helps people in many different ways. So we have traditional education, but we also have alternative education education outside of the school system, right? And it doesn't always have to be academic. It could be other types of Education that could help people to lead a better life. Education, huge business.
6. entertainment and recreation
Beyond interest education, people want to be entertained. In fact, people demand entertainment. You look at all these big companies getting into the entertainment industry. Now, what am I talking about? Movies, animations, productions, special effects. There's so many companies going into their industry. Amazon Prime, of course, your Netflix, Hulu, right? Disney plus. I could go on and on and on. Why? Because this is where we are going. Now, on the other hand, thinking about industries who help and facilitate this particular industry, but also we're talking about influencers, Youtubers, Instagramers, right now, for the first time, you have people in their industry stand up comedians could make millions doing that before you couldn't. Most of the time they struggle. But now we are in this age of people want entertainment. So if you can find a way to create a product or service or company around this to service, this particular industry, or the service this demand, you can also make millions.
7. transportation
Now, human beings, we like to travel as now with the Internet, the more we see, the more we don't always want to be stuck in the house. We want to go out there and see things. So air transportation, aerospace, huge opportunities. But also think about now people buying online shopping online. Where do you think the opportunity could be handling, shipping packages? I'm not just talking about fedex or UPS or thick shell. Think of something like Uber eat. People like stuff being delivered to them as now people shopping more and more online. This is a huge industry just by being able to provide service and product. It could be as simple as providing software to help these companies to manage the inventory better, right? Or the shipping handling better. That could be easily a multi million dollar business industry.
8. energy, especially renewable energy.
9. food
Industry now with billions of people. Not only we need power, right? We need a place to live in. We also need to eat. So in the food industry, that's not going to go away. With so many people on the planet, we need more cost effective, more efficient way to produce, create food, right? To produce food, to feed so many people. So what do we need to do? Again, maybe you can come up with a solutions that could go into these certain industries. And I'm not just talking about fast food, because with so many options, people want healthier choices as well. And to me, supplements health type products, all those products fall into this category. If people are eating it and taking it to want to have a healthier life, yes, that falls into this as well. So those are the nine industries that I believe that are most likely to make you a millionaire. But it also combined that with your skills, your background and your know how. Getting into the right industry is one thing but you also need to be the right person in the right industry in order to make it big.
