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What to Learn from the Profile of America’s Next Generation of Self-Made Millionaires

If you want to make a lot of money…or if you’re now thinking in terms of how your kids can make a bunch of dough…just think “STEM.”

As in, science, technology, engineering and math.

America s next generation of self made millionaires

A CNBC.com article entitled, “What to Learn from the Profile of America’s Next Generation of Self-Made Millionaires” starts out by pondering who will be the world’s first trillionaire, as staggering a thing as that may be to consider. The piece cites research saying it might actually turn out to be Microsoft founder Bill Gates, but even if it is not Gates, the article declares “that the lucky individual, like so many of the world's wealthiest people, will have a background in science, tech, engineering or math.

If you’re not seeking to become monstrously wealthy, but would prefer instead to enjoy the “lifestyle dividend” that comes from working from home as a well-paid consultant, then a STEM background is still your smartest bet. The fact is, lots of folks dream of kicking the “wheel-in-a-cog” corporate existence and setting up shop from a home office. However, doing that successfully can depend a lot on your professional background. Jobs on the popular gig site Upwork that pay among the highest rates are reserved for those for those who have backgrounds heavy in technology, like people who have experience as software developers.

America may be the land of opportunity, but it doesn’t mean that you fall into riches or into an otherwise-enjoyable life simply by being here. You still have to make smart decisions, and some of the most important of those, in terms of your eventual net worth, involve deciding to study math and science. If it’s too late for you (and, with rare exception, it doesn’t have to be), it’s not too late for your kids and grandkids to get on the mega-money track by focusing on those academic areas that appear to provide the most direct routes to a big bag of money.

By Robert G. Yetman, Jr. Editor At Large