ilmscore | Why Teachers Become Millionaires and Doctors Don’t (New Study)

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
The average physician pays between $135,000 and $440,000 in educational loans, plus interest.
"the average physician ultimately pays 135,000 to $440,000 for an educational loan plus interest"
MD
Pending
Physicians face a challenge of high earnings being offset by high expenditures.
"Physicians are trapped between High earnings and high expenditures"
MD
Pending
The top five careers for millionaires include engineering, accounting, teaching, management, and attorneys, according to a Ramsey Solutions study.
"the top five careers for millionaires are engineering accounting teaching management and attorneys"
Millionaire Careers
Pending
A significant portion of millionaires (31%) averaged under $100,000 annually throughout their careers, and 13% never reached six figures in any single year.
"only 31% of the millionaires in the study averaged $100,000 a year over the course of their career and 13 thir of them never made six figures in any single working year of their career"
Millionaire Income
Pending
The key to becoming wealthy is not solely based on income, but rather on how one manages and utilizes the money earned.
"it's not just how much money you make that matters it's what you do with the money that you make"
Wealth Building
Pending
A scalable business is defined as something that can grow without direct and constant involvement of the owner.
"you want to build something that can grow that doesn't necessarily need you that's the definition of scalability that it can grow and it doesn't necessarily need you to grow"
Scalable Business
Pending