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The Industry That Makes You a Young Millionaire

Posted at April 5th, 2021 | Categorised in Business tips

Updated: April 11, 2021

The Industry That Makes You a Young Millionaire

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The Industry That Makes You a Young 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 is a boat and we would kind of take the boat to about 30 minutes away from the from the city this was in Hong Kong and we woosh fish in that area and it’s a little kid I asked my dad yeah why do I have to get on 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 where the fish is and I always remember that lesson just like the reporter asked us to famous bank robber like why do you keep robbing the bank because that’s where the money is right it’s 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 overconfidence an 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 doing that I think that’s simply not true so today I’m gonna 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 could 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 industry number one that it’s most likely they will 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 long associations banks financial companies insurance companies broke it a lot 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 wanna forget the money it’s 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 industry number two technology now you know the Google to Facebook the Apple but we’re talking beyond there think about traditional industries that you could go into mainly by using technology more you could do to disrupt that industry and you can see that a lot now we call their disruptors right how could use technology to make things more efficient we’re talking about robotics we’re talking about AEI .

we’re talking about automation and we’re talking about manufacture of these technology products or even providing technology as service billions and billions and billions does where the well are gonna be created in this particular sector so are you a technology entrepreneur industry number three health care my mentor Dan Pena the 50 billion dollar man talks about this a lot health care because people are willing to spend a lot of money to live longer so health care I’m referring to could be assisted living senior homes pharmaceutical any products or services there help people to live longer life and stay healthier that’s very very good industry to get into industry number four real estate and construction United Nations forecast predicts by 2025 the world’s population we increase to almost a billion people a 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 in construction industry number 5 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 skillsets and that’s the space that I mean in the education and software space because I could 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 can also have products and services and software there helps people in many different ways so we have traditional education but we also have alternative education education outside of the school systems right and it doesn’t always have to be academic it could.

be other types of education that can help people to lead a better life education huge business industry number six entertainment and recreation beyond than just education people want to be and detained in fact people demand entertainment you look at all these big companies are 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 this D 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 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 to service this demand you can also make millions industry number seven transportation now human beings we like to travel as now where the internet the more we see the more we don’t want to always want to be stuck in a house we want to go out there and see things so air transportation aerospace huge opportunities but also think about now people buying online and shopping online where do you think the opportunity could be handling shipping packages.

I’m not just talking about FedEx or UPS or DHL 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 a product it could be as simple as providing software to help these companies to manage to inventory better write all the shipping handling better that could be easily a multi-million dollar business industry number eight energy especially renewable energy so going beyond and just all unguessed now we’re talking about solar or wind right so with billions and billions of people we all need power we need more power to power our devices and our technology so that’s huge industry .

if you can come up with creative solutions it could solve this problem not just millions we could be billions of dollars but you need to have sir team you need to have an understanding of how this whole thing works and you know be able to work with government to how to execute this properly but there’s definitely a lot of money to be made in energy industry number nine food now with billions of people not only we need power right we need a place of living we also need to eat it’s in the food industry that’s not gonna 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 in and you’ll know how any into the right industry it’s one thing but you also need to be the right person in the right industry in order to make it big does that make sense.

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