You can't outearn stupidity': Dave Ramsey just explained why teachers — with a median salary of $61K — become millionaires so often. And why doctors don't even crack the top 5
Teachers rank third, behind engineers and accountants, on a top-five list of careers most likely to have millionaires within their ranks. Business professionals and lawyers ranked fourth and fifth.
There is some justice for school teachers, who have the dubious distinction of playing a vital role in society while earning a comparatively low annual income.
That justice comes in the form of the millions of dollars that many of them consistently hold in their savings and investment accounts, according to the “National Study of Millionaires,” a research project by Ramsey Solutions, whose CEO is the personal-finance expert Dave Ramsey.
However, few went to elite schools (only 8%). And 52% earned a postgraduate degree, the study shows.
