Peter Vander WallFounder driving creative community growth

The most slept-on way to get rich

Name: The most slept-on way to get rich
Uploaded: 2025-07-05T12:00:44+00:00
Duration: 40 s
Channel: Peter Vander Wall
Description: Short excerpt from a YouTube video arguing that accounting is an underappreciated path to wealth. The speaker gives an anecdote about a 26‑year‑old who…

5 Jul 2025 · 1 min

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Short excerpt from a YouTube video arguing that accounting is an underappreciated path to wealth. The speaker gives an anecdote about a 26‑year‑old who became a millionaire by owning a tax firm, cites that 75% of accountants are set to retire in the next 15 years, and recommends an accounting degree to young people because of looming client turnover and hiring shortages in firms.

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So one of the richest 20 somethings I know has pretty much the most boring, like, traditional job in the world. Right. He's not in crypto. He's not selling courses. He's an accountant. Literally. He just owns a firm that does people's taxes. He started it when he was 23, and now he's 26 and he's a millionaire. Now here's the thing. 75% of accountants are set to retire in the next 15 years. And there's very few young people entering the industry. And that means there's a ton of clients that these old accountants are going to be letting go and someone else needs to pick them up. And firms are having a harder time finding workers than ever. So if I was starting over Today as an 18 year old about ahead to college, I would absolutely be getting an accounting degree.