However, some millionaires attribute their wealth to their time working as plumbers, farmers, construction workers, bus drivers and janitors. Here's a look at the millionaires who built their fortunes on the high-paying manual jobs that got them started. A plumber can become rich by becoming a contractor and hiring other people to take on various jobs. Working alone or with a few employees won't make them rich, but they can definitely do it, and many have hit the jackpot starting their businesses.
Most of the plumbing company owner's portfolio is in himself. Invest in your own company, in your own future, and you can directly influence profitability. Contractors who work hard and smartly can generate significant benefits over time. This is how people feel about plumbers' job satisfaction in terms of their ability to move forward, their degree of stress, and their level of adaptability.
Even businessman Kevin O'Leary, of Shark Tank, which airs on NBC, said that everyone needs a plumber and many of these plumbers have become rich as a result of the lawsuit. Overall, employment in the construction sector fell during the pandemic, although the hiring of plumbers is expected to increase. The plumber has more capacity to influence the fortunes of his own company than any other possible investment. USNews states that plumbers rank fourth when it comes to the best construction jobs and sixth among the highest-paying jobs that don't require a degree.
While the external business environment is beyond the plumber's control, everything inside the company is under the plumber's control. While the recession has been hard on many small business owners, plumbers should fare better than most. Plumbers in Pittsfield, Chicago, Kankakee, Fairbanks and San Francisco can expect to make the most money, according to USNews. Nearly 10 percent of plumbers are self-employed, according to BLS data, and can choose their schedules.
Most unions and companies require that the apprentice receive at least 246 hours of technical education, which could include classes in arithmetic, applied physics and chemistry, and up to 2000 hours of paid practical training with an expert plumber. When working on a construction site, plumbers may have to work long hours after their normal hours are over to get the job done. To learn the necessary skills and get a license, most aspiring plumbers enroll in a four- or five-year apprenticeship program with a certified professional. In addition, plumbers ensure that water reaches appliances such as dishwashers and water heaters, as well as to pipes and major accessories, such as bathtubs and shower cabins.