Snapshot · PBD Podcast
Dave Ramsey's survey of 10,167 millionaires found engineers are the most common occupation, followed by accountants, teachers, managers, and attorneys — doctors didn't crack the top 5.
Where this was said
At 26:00 · chapter starts 25:00
Patrick Bet-David plays a clip of Dave Ramsey explaining the findings of what he calls the largest-ever millionaire study: engineers top the list, accountants are second, teachers are third — a result the panel finds remarkable given teaching salaries. [1] — Patrick Bet-David "Top millionaire career: engineering: Dave Ramsey's survey of 10,167 millionaires found engineers are the most common occupation, followed b…" 26:00 Medical doctors come in at number six, a placement the panelists are not surprised by. Patrick draws on his own experience as a licensed financial advisor (Series 7, 66, and 31 licenses) to say doctors were among the worst-off clients he ever encountered financially, partly because people assume they already know how to manage money. Elon Lekakou recalls that his own mother was a teacher for 40 years and is not independently wealthy, suggesting the teacher result hinges on pension benefits, summer side hustles, and frugal living habits. Jeff Snyder crystallizes the lesson: the defining trait of wealth accumulation is avoiding the 'big down year,' which requires the analytical patience associated with engineering and accounting personalities. Tom Ellsworth adds that 72% of professional fund managers can't beat passive index funds like QQQ or SPY over five years, reinforcing the 'slow and steady' thesis.
Dave Ramsey's survey of over 10,000 millionaires found that engineers top the list, followed by accountants and teachers. Doctors didn't crack the top five. The panel digs into why: it's not income, it's analytical discipline and the avoidance of lifestyle inflation that builds wealth.
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