09/03/2026
When people picture a millionaire, they usually picture a high-flying executive, a doctor, or someone who made it big in tech. Ramsey Solutions' National Study of Millionaires, the largest survey of its kind ever conducted, with over 10,000 actual U.S. millionaires, tells a very different story.
The top five most common professions among the millionaires surveyed were: engineer, accountant, teacher, management, and attorney. Teacher ranked third β ahead of attorney, and notably, ahead of medical doctor, which didn't even crack the top five at all.
It's not about the paycheck. Teachers in the study earned a modest average salary of around $60,000 a year, far less than doctors or attorneys. What set them apart wasn't income β it was behavior. The study found that only 31% of all millionaires surveyed averaged $100,000 a year over their careers, and roughly a third never earned six figures in a single year at all.
"They do process, and that's the secret sauce," Dave Ramsey explained, describing what engineers, accountants, teachers, managers, and attorneys have in common: structured, disciplined, repeatable habits. For teachers specifically, that often meant steady access to pensions or 403(b) retirement accounts, consistent long-term investing, and a lifestyle built around living below their means rather than chasing a bigger paycheck.
Other findings from the same study reinforce the pattern: 88% of the millionaires surveyed graduated college, 79% received no inheritance whatsoever, and 8 out of 10 simply invested steadily in their employer's 401(k) over time.
The takeaway isn't that becoming a millionaire requires a massive salary. It's that consistency, patience, and disciplined habits, sustained over decades, can quietly outperform a bigger paycheck every time.