Everyone wants to get rich in life, but not everyone is able to get there. Get rich quick By Lyndon White 28th April 2010 5:16 pm 16th December 2015 11:58 am Next summer, my son will graduate from university, hopefully clutching in his hands a first-class MEng degree in electronic engineering and computer science. A good engineer bills out between $120 and $350/hr. However, on average, an engineer with a relevant college degree can expect a salary of $72,000. Per the book “The Millionaire Next Door”, just choosing to live below your means, saving 15% per year starting in your 20s, putting money toward retirement and long term goals, can make you a millionaire (in today’s money). However, you are extremely unlikely to get rich working in a company in an engineering function. However, keep in mind that these fields are competitive. The big trade off is job security. Strive for perfection. You don’t have to be making six figures as a doctor, lawyer, or engineer to have a lot of money. Yes. If you’re looking for other ideas, check out the list below. Don’t be afraid to obsess over your project. Become an engineer. The higher the billing rate, the higher the risk you get sued basically. For eventually making a lot of money, a BS in engineering is as good as any other degree, and maybe one of the best. 2) Work your way up in a company and get into a management position - this means you would work more with people and less with the engineering side. It’s various income streams, most of which could be considered passive income that accounts for about 20% of the millionaires in the United States. But design assuming you won’t get it. Engineering pays well, but in order to really earn a lot of money you need to either: 1) Start your own engineering firm - and be succesful. That said, be warned that Civil Engineering is not the highest paid “professional” career on the market these days. Best Jobs to Get Rich. This is because with an engineering degree you are pretty much wide open to pursue anything you would like. A huge portion of that money goes to your employer. Specifically, petroleum engineers can expect to make the most, with an average salary of $88,700. Commit yourself & your sacred honor to project. Engineering in this case is a blanket term that covers all sorts of engineering, from chemicals to aerospace. Yes, you can. How to get rich: Those preparing for positions as engineering professors should consider three factors when trying to get rich: experience, location, and specialization. But as Stephen Canneto indicated, how you spend your money is just as important as how much you make. Engineering Success February, 2008 Bob Colwell UC Irvine 20 If product fails, team fails; if team fails, you fail. Author, blogger, software engineer and serial entrepreneur. And one of the secrets of getting rich isn’t hard work, good news for all of us slackers out there. 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