We Reveal The Humble Beginnings With Small Time Dogs
There is no guaranteed path to getting rich–but choosing certain jobs in the early years of your career can help. Sociologist and historian Rainer Zitelmann interviewed 45 millionaires and billionaires for his new book, “The Wealth Elite,” and asked them what they did when they were younger.
“Zitelmann interviewed 45 individuals, whose net worth ranged, on the low end, from 10 million to 30 million euros (roughly $11.4 to $34.2 million) to, on the upper end, several billion euros (more than $3 billion), and whose wealth was either entirely self-made or built on inheritances that were later multiplied,” Catey Hill of Market Watch wrote. Many of today’s self-made billionaires and multimillionaires held a sales job, or jobs, when they were younger — a fact they consider crucial to their current success.
Zitelmann told Market Watch that sales skills are crucial to wealth-building. Unfortunately, he said, many researchers ignore this factor when studying the issue.
“Indeed, roughly two in three said that their talents as salespeople had been a ‘significant’ factor in their financial success. More than one in three said they owed 70% or more of their success to their sales talents,” Hill reports. So what sales jobs did they have early on? They sold everything from costume jewelry and cosmetics to used car radios and wheel rims–and even old egg cartons that could be used as noise insulation.
The bottom line: many self-made millionaires start small but think big. And that sounds like a career choice any of us can make.
-
Uber was first on the chopping block as SoftBank recoups losses. Recently, Japanese conglomerate SoftBank suffered a major loss...
-
JetBlue will acquire Spirit for $3.8 billion. After a negotiation spanning multiple months, two of the United States’ most...
-
Ford is looking to cut costs and redirect funds. Earlier this year, automotive manufacturer Ford announced its intent to...
-
Twitter won’t let Musk walk away without honoring their deal. Last week, Tesla and SpaceX CEO Elon Musk announced...
-
The filing comes as the summer travel season begins in Europe. On Monday, during ongoing talks between Scandinavian airline...
-
The umbrellas have been recalled due to risks of fire and burns. This morning, the United States Consumer Product...
-
Sony Honda Mobility Inc. wants to get an EV out by 2025. Today, electronics company Sony and automotive manufacturer...
-
The small conglomerate is looking to pay around $8 billion for Kohl’s. The Franchise Group is a relatively small...
-
Leaked emails show Musk demanding in-person work. Since the beginning of remote work movements brought on by the COVID-19...
-
Starbucks is the latest multinational chain to cut ties with Russia. As Russia continues its invasion of Ukraine, the...
-
After their merger was rejected, JetBlue is going for a hostile takeover. Earlier this month, airline carrier JetBlue attempted...
-
The drop in subscribers isn’t sitting well with investors. Earlier this week, a lawsuit was filed in a federal...