However, on average, an engineer with a relevant college degree can expect a salary of $72,000. 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 good engineer bills out between $120 and $350/hr. But as Stephen Canneto indicated, how you spend your money is just as important as how much you make. 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. Yes, you can. The higher the billing rate, the higher the risk you get sued basically. Takes some luck and entrepreneurial skill. Engineering Success February, 2008 Bob Colwell UC Irvine 20 If product fails, team fails; if team fails, you fail. Newly minted professors make far less than seasoned ones, while certain locales – such as Washington D.C., California, and Massachusetts – pay more than other states. 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). If you’re looking for other ideas, check out the list below. Engineering in this case is a blanket term that covers all sorts of engineering, from chemicals to aerospace. Strive for perfection. And one of the secrets of getting rich isn’t hard work, good news for all of us slackers out there. Periodically take step back and check big picture. However, keep in mind that these fields are competitive. How to get rich: Those preparing for positions as engineering professors should consider three factors when trying to get rich: experience, location, and specialization. Author, blogger, software engineer and serial entrepreneur. But design assuming you won’t get it. Cut out the middle man if you want to get rich. For eventually making a lot of money, a BS in engineering is as good as any other degree, and maybe one of the best. 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. You don’t have to be making six figures as a doctor, lawyer, or engineer to have a lot of money. Yes. Don’t be afraid to obsess over your project. Commit yourself & your sacred honor to project. Become an engineer. The top career choices for making the most money are being an investment banker or physician. However, you are extremely unlikely to get rich working in a company in an engineering function. Specifically, petroleum engineers can expect to make the most, with an average salary of $88,700. Everyone wants to get rich in life, but not everyone is able to get there. 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. 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