Sectors Most Likely To Produce Future Millionaires In The Coming Decade

PubertyMaxxer

PubertyMaxxer

Face, Height, Frame, Dick
Joined
Oct 15, 2019
Posts
14,515
Reputation
18,297
@Moneymaxxed @NorwoodMilitant @TheMewingBBC @Gudru

The industries that will create the most millionaires have been announced by the consulting firm Capgemini in its annual World Wealth Report.
Capgemini asked experts which sectors would create the most high-net-worth individuals -- people worth more than $1 million excluding their primary residences -- from now until 2025, and collated the results into a list.
Almost every industry makes an appearance, though some are a lot more lucrative than others.
Keep scrolling to see which industry is most likely to make you a millionaire over the next decade:

16. Accommodation and Food Services-- Just 4 percent of the experts surveyed thought these sectors were going to be in the top three growth industries to make people rich. Still, McDonald's won't mind: its share price has doubled over the past six years.

15. Utilities -- Experts don't seem to have much faith in the power utilities either, with only 6.6 percent putting it in their top three growth industries. This could have something to do with the burgeoning renewable-energy sector, which comes higher up this list.

14. Natural Resources -- The oil and gas industries took a pummelling this year, and only 13.5 percent of experts put it in their top three industries for millionaire growth. Oil is still hovering under $50 dollar a barrel and doesn't look as if it is making a comeback anytime soon.

13. Transportation -- This sector is concerned with the movement of goods, and 13.9 percent of experts saw it as one of the big growth industries. The sector is benefiting from the low oil prices, but it's hard to say how long that will last.

12. Retail and Wholesale Trade -- This sector is almost completely dependent on consumer spending power and confidence. Right now only 14 percent experts think it will drive millionaire growth over the next few years. Admittedly not every retail company can be Amazon.

11. Entertainment and Recreation -- Just 15.2 percent of experts gave the thumbs-up to this sector, perhaps because films, music, and video games are in a constant battle against piracy. But recent examples like Pokémon Go, which doubled Nintendo's share price, prove that a big hit can make many people very rich.

10. Renewable Energy -- Fossil fuels will be around for a while, but the world is starting to wake up to the fact that it will eventually need a replacement. Just over 17 percent of experts saw this as a top-three growth industry, and anyone who gets in the game now could one day be very rich.

9. Aerospace and Air Transportation --Making planes and flying passengers is still a huge business. Just over 18 percent of experts said this sector would be one of the big wealth creators over the next decade, though barriers to entry are high.

8. Agriculture and Mining -- Much of this demand will be fuelled by emerging economies in Africa and Asia, and 18.9 percent of experts say if you want to get rich it's a good sector to go for if you can afford the high sunk costs.

7. Education -- As wealth increases, more people get educated, which increases wealth; 19.8 percent of experts saw the education sector as a big millionaire creator, and anyone who's had to pay university fees recently probably won't be too surprised.

6. Communications -- For a few years Carlos Slim, the Mexican CEO of Telmex, was the richest man in the world. So there's a lot of money in comms, and 20.2 percent of experts say it will make other people very rich in the next decade.

5. Real Estate and Construction -- As the rampant explosion in the global population continues (India and China are expected to hit 1.5 billion each by 2030), more people need places to live; 20.2 percent of experts recommend getting into construction and real estate if you want to take advantage of all those people.

4. Manufacturing -- It may have taken a battering with the Chinese economic slowdown in 2016, but people will always need things, which means they need manufacturing to make them. Of the experts, 22.3 percent pegged this as one of the top three wealth creators, perhaps anticipating a bounceback for China.

3. Health Care -- The pharmaceutical industry will be a money-maker as long as people care about staying alive. Though R&D costs are also phenomenally high, 30.1 percent of experts saw the industry as one of the biggest wealth creators.

2. Tech -- Not just the usual tech like Google and Facebook but also financial technology and "disruptive" tech like Uber and Airbnb. As the success stories just keep coming, 30.9 percent of experts saw this as one of the biggest money-making sectors.

1. Financial Services -- There's a reason bankers are generally very rich, and 35.7 percent of respondents to the World Wealth Report said finance was among their three sectors most likely to create more millionaires. With senior bankers on Wall Street and the City of London paid well above £1 million ($1.3 million) on average according to The Guardian, it's still the best industry to get into if you want to make a lot of money -- and are willing to work hard for it.
 
  • +1
Reactions: Deleted member 1973, goat2x, sdmaster and 3 others
So?
 
  • +1
Reactions: Deleted member 1973, Deleted member 5683, Deleted member 4464 and 1 other person
Invest in silver
 
Nearly every field/industry is mentioned??
 
  • JFL
  • +1
  • Woah
Reactions: EverythingMaxxer, Danish_Retard, Deleted member 6942 and 6 others
Last edited:
i would particullary look at healthtech for seniors/babyboomers
The first thing that comes to my mind. For the near future.
Buying a business, that will/is doing bad at the moment due to current situation but is an overall good business with longterm prospect. Hopefully from an older owner (babyboomer) that wants out and to retire, or health, orjust tired of it. And hopefully get it for cheap.getting the money for buying a business, might not be easy at all, banks may be more difficultm maybegovernemnt loan or payng it off in terms.
 
  • +1
Reactions: PubertyMaxxer
The first thing that comes to my mind. For the near future.
Buying a business, that will/is doing bad at the moment due to current situation but is an overall good business with longterm prospect. Hopefully from an older owner (babyboomer) that wants out and to retire, or health, orjust tired of it. And hopefully get it for cheap.getting the money for buying a business, might not be easy at all, banks may be more difficultm maybegovernemnt loan or payng it off in terms.
like what businesses ? insurance firms?

there was this private equity guy schwarzmann who bought underpriced insurance firms directly after 9/11 and made a fortune iirc ( read it ina magazine i dont have rn)
The first thing that comes to my mind. For the near future.
Buying a business, that will/is doing bad at the moment due to current situation but is an overall good business with longterm prospect. Hopefully from an older owner (babyboomer) that wants out and to retire, or health, orjust tired of it. And hopefully get it for cheap.getting the money for buying a business, might not be easy at all, banks may be more difficultm maybegovernemnt loan or payng it off in terms.
3. The Blackstone Group is a private investment bank with offices in New York and London; It was founded in 1985 by its Chairman, Peter G. Peterson, and its President and CEO, Stephen A. Schwarzman.


Blackstone purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by World Trade Center, Building Seven


As we recall WTC building 7 (The Salomon Brothers Building) which was not hit by the planes, collapsed mysteriously in the afternoon of September 11. The announcement of its collapse by the media (CNN and BBC) occurred more than 2o minutes prior the actual collapse.


In addition to its Real Estate activities, the Blackstone Group’s core businesses include Mergers and Acquisitions Advisory, Restructuring and Reorganization Advisory, Private Equity Investing, Private Mezzanine Investing, and Liquid Alternative Asset Investing.7



 
Last edited:
  • +1
Reactions: diggbicc
like what businesses ? insurance firms?
In my mind, I immediately think.
Any type of business, that has normally pretty loyal customers. Like that's buildon a long cycle of trust.
That way, buying such a business, you capatilize on the previous owner spending years/decades building the customer base.
Otherwise, a business is imo worth less. If it's a business that customers just hopp off to another one always easily alot, then it's not worth that much or eve worth buying.
Insurance companies, have pretty loyal customers usually. Dentists also. Healthcare services also often. Legal and law and administration type of services also, since based alor around trust. Some businesses, also have pretty loyal bsuiness customers. Like for certain machine maintenance and stuff.
 
  • +1
Reactions: MogTheMogger and PubertyMaxxer
In my mind, I immediately think.
Any type of business, that has normally pretty loyal customers. Like that's buildon a long cycle of trust.
That way, buying such a business, you capatilize on the previous owner spending years/decades building the customer base.
Otherwise, a business is imo worth less. If it's a business that customers just hopp off to another one always easily alot, then it's not worth that much or eve worth buying.
Insurance companies, have pretty loyal customers usually. Dentists also. Healthcare services also often. Legal and law and administration type of services also, since based alor around trust. Some businesses, also have pretty loyal bsuiness customers. Like for certain machine maintenance and stuff.
Question, is fartmaxxing legit? i know you are fairly knowledgeable so can you shut the folder on this theory?
Source - https://looksmax.org/threads/take-the-fart-pill.136058/#post-2312372
 
  • JFL
Reactions: BadaBing
I'm just gonna philosophyteachermaxx
I don't need money
 
In my mind, I immediately think.
Any type of business, that has normally pretty loyal customers. Like that's buildon a long cycle of trust.
That way, buying such a business, you capatilize on the previous owner spending years/decades building the customer base.
Otherwise, a business is imo worth less. If it's a business that customers just hopp off to another one always easily alot, then it's not worth that much or eve worth buying.
Insurance companies, have pretty loyal customers usually. Dentists also. Healthcare services also often. Legal and law and administration type of services also, since based alor around trust. Some businesses, also have pretty loyal bsuiness customers. Like for certain machine maintenance and stuff.
what if im not a dentist or machine maintenance guy though, is it still worth buying it and reselling it after the crisis is over?
 
what if im not a dentist or machine maintenance guy though, is it still worth buying it and reselling it after the crisis is over?
For som businesses, as the woner. You need to know the actual skill/work. For others, you only need to know the basics, when you buy a business with employees. Then it's more about organising, networking and keeping good course, then doing the actual work.
I mean, the owner of a cleaning company with 10 employees,is likely doing little or no cleaning himself. he is busy managing it, getting new business, customer relationships, and keeping check. etc...
 
  • +1
Reactions: PubertyMaxxer
For som businesses, as the woner. You need to know the actual skill/work. For others, you only need to know the basics, when you buy a business with employees. Then it's more about organising, networking and keeping good course, then doing the actual work.
I mean, the owner of a cleaning company with 10 employees,is likely doing little or no cleaning himself. he is busy managing it, getting new business, customer relationships, and keeping check. etc...
are cleaning companies a good business opportunity rn?
 
are cleaning companies a good business opportunity rn?
Not by default imo. The good ting is, that often they have pretty loyal customers, and some have pretty long lasting contracts.
The downside, getting workers. This depends highly on location. In my country (western world) they can hardly get workers, and all workers hate it and try to do minimum effort. It's understandable, no one does it for any other reason then money nearly everyone that does it hates it.
So there, the skills in "networking" is important, so you do get enough (cheap) workers
 
1. Learn high ticket skill
2. Create personal brand and provide free value (training videos)
3. Make a course for it and promote it on social media
4. Sell course ($197)
5. With course money buy long term investments like real estate (BRRR method is really crazy way to make long term wealth fast)
Then buy luxuries with the monthly passive income from your assets instead of your income.
 
1. Learn high ticket skill
2. Create personal brand and provide free value (training videos)
3. Make a course for it and promote it on social media
4. Sell course ($197)
5. With course money buy long term investments like real estate (BRRR method is really crazy way to make long term wealth fast)
Then buy luxuries with the monthly passive income from your assets instead of your income.
yes goy greysel
 
  • +1
Reactions: Toth's thot and diggbicc
If u arent trading on ur spare time building a track record to market urself to a hedge fund or to start ur own its over
 
If u arent trading on ur spare time building a track record to market urself to a hedge fund or to start ur own its over
whose guy on your avi need fapfuel
 
  • JFL
  • +1
Reactions: Toth's thot and Deleted member 5683
If u arent trading on ur spare time building a track record to market urself to a hedge fund or to start ur own its over
Now tbh is the best moment to buy small hotel chains that went Bancrupt for cheap through foreclosure and turn them into rented residential real estate

@eduardkoopman @NorwoodMilitant @Moneymaxxed @Gudru @bonesoverblood
 
Now tbh is the best moment to buy small hotel chains that went Bancrupt for cheap through foreclosure and turn them into rented residential real estate

@eduardkoopman @NorwoodMilitant @Moneymaxxed @Gudru @bonesoverblood
Maybe timeing is abit early still at the moment. But conceptually speaking, bargains and good deals (and oversupply) should happen if alot go bankrupt.
 
  • +1
Reactions: PubertyMaxxer
Maybe timeing is abit early still at the moment. But conceptually speaking, bargains and good deals (and oversupply) should happen if alot go bankrupt.
On the other hand why would anyone get good deals at the foreclosure of such a small Bancrupt hotel chain if real estate prices are at an all time high bc of inflation bc of bunch of new printed money of fed/ezb to recover the economy from corona
 
On the other hand why would anyone get good deals at the foreclosure of such a small Bancrupt hotel chain if real estate prices are at an all time high bc of inflation bc of bunch of new printed money of fed/ezb to recover the economy from corona
Oversupply, compared to available buyers = bargains. Simple as that, supply and demand equation.
 
Oversupply, compared to available buyers = bargains. Simple as that, supply and demand equation.
Sttill even hotels would be expensive af still, also you have to factor in the cost of turning these hotel apartments into residential real estate apartments
 
Sttill even hotels would be expensive af still, also you have to factor in the cost of turning these hotel apartments into residential real estate apartments
I notice you have to much of a tendency, for immediately concluding something is no goo/bad deal: becase there exists downside/bad points/risks/ hardships/ of something like that. Every deal has that, no such thing as only upsides, good points, and good potential returns, and no downsides. It's just weighting them all in, as good as possible, and then deciding if you find it a good enough deal. But the uncertainity and risk and downside factors remains; just need enough upside points and potential to take the risk that it will cover these downsides. like 75% good points and 25% donssides deals; still good or decent deals, the odds are in the favor.

I like Ben mallah from what I saw on real estate on youtube. Real estate is not rocket science. yet, very competative market, everyone with some money wants to go/get into real estate, they think it's easy passive income money or easy flipping for profits..





Love his recent video on the Covid-19 crisis, just came across it.

 
Last edited:
  • Love it
Reactions: Moneymaxxed
1. Slavery.
2. Organ harvesting.
3. Human trafficking.
4. Bait pimping.
5. Politics.
 

Similar threads

Spidermanne2returns
Replies
19
Views
3K
German
German
Spidermanne2returns
Replies
17
Views
3K
Annihilator
Annihilator
Spidermanne2returns
Replies
16
Views
3K
Flawless_fliy
Flawless_fliy
mug
Replies
19
Views
674
~BuBloID~
~BuBloID~

Users who are viewing this thread

Back
Top