do you have to be smart to be rich

[Anonymous No.53272318]

picrel

[Anonymous No.53272333]

>>53272318
this chart only shows net worth up to $200,000 so it doesn't show the whole picture

[Anonymous No.53272337]

>>53272318
no but as you can clearly see, if you are dumb, your net worth will not steadily increase over your lifetime, so you likely won't break that $200k highwater mark.

[Anonymous No.53272349]

>>53272318
wrong

[Anonymous No.53272351]

>>53272318
To become rich, no. To stay rich, yes.

[Anonymous No.53272369]

>>53272333
the paper is from 2007 and the dataset NLSY79 is from interviewing a specific set of boomers, who were age 14 to 22 in the year 1979. there are also racial caveats which we now know apply (minorities are dumber and poorer in general, nothing against 'em) which we did not fully understand then (people used to think it was just a stereotype).
https://www.bls.gov/nls/nlsy79.htm
so yeah actually it does show a pretty wholistic picture, for its time.

[Anonymous No.53272768]

>>53272318
this is fucking stupid... rich people can pay for a good education, which makes them "smart". and even the dumbest son of rich parents will have more opportunities in education and professional settings than poor people, simply because of their access to knowledge, money and social networks.
so, what's first, being smart, or being rich?
correlation does not imply causation.

[Anonymous No.53273103]

>>53272318
Idk but you have to be room temperature IQ to post a thumbnail on an image board that's for sure

[Anonymous No.53273256]

>>53272768
Education has virtually no impact on IQ. There have never been ANY training methods that have demonstrated a statistically significant difference in IQ scores. The IQ of college freshman remains the same when they are tested again as seniors. IQ is not based on accumulated knowledge but on reasoning power, which seems to be inherent in the brain structure of a given individual and not trainable.
So, no, being rich does not increase your IQ.

[Anonymous No.53273266]

>>53272318
no. most entrepreneurs are average. they have esoteric knowledge when it comes to dealing with people and products, call it good taste. some psychopathic drive to be better than other people

[Anonymous No.53273349]

>>53272768
this retarded argument was refuted decades ago
why are you even posting here

[Anonymous No.53273367]

>>53273266
it's not esoteric it's just something spergs prefer not to do. entrepreneurs network with people and learn things about prices, then establish supply lines.
there is nothing "psychopathic" about this process just because there are examples of sociopathic/psychopathic people who excel at it. that's a middle-school-tier logical fallacy.

[Anonymous No.53273370]

>>53272349
What is inheritance

[Anonymous No.53273380]

>>53272318
What a dumb ass pic
>the majority of people are poor
>the majority of people have average IQ
Let’s mix them up and see what happens!

[Anonymous No.53273398]

>>53272351
You have it backwards. Staying rich is easy, getting there is hard.

[Anonymous No.53273414]

IQ and motivation to work is not the same thing.
Slightly higher dopamine is superior to have motivation

[Anonymous No.53273437]

>>53273256
Iq testing is age adjusted you absolute fucking retard

[Anonymous No.53273444]

who is in the bottom right?

[Anonymous No.53273464]

>>53273444
Hedonist faggots and artists probably

[Anonymous No.53273468]

>>53273398
my dad was a literal millionaire around year 2k and lost all his wealth to vultures, never bought a house or invested into anything, just kept lending 6 digit sums to his business partners who all eventually just disappeared

[Anonymous No.53273472]

>>53273256
Not defending his argument, but you knowingly or unknowingly forgot to mention children, our statistical studies on increasing or decreasing the IQ of children has show it be completely possible, college level is too old, you need to look at people between the ages of 5-10 to see the full picture of if IQ is Birth or environment.

[Anonymous No.53273480]

>>53273444
Me. I have autism.

[Anonymous No.53273532]

>>53273444
people with poor communication, bad health or plain bad luck and no connections

also mental issues or neuro-development problems like ADHD, fun fact: high IQ doesn't make you immune to mental problems, you actually become more deluded, able to construct more and more convoluted explanations for why things are as they are

also people who stayed in academia or don't have competitive spirit

[Anonymous No.53273633]

>>53273444
lazy people like me, though I am doing relatively well? I just earn the money I need, and then I am unable to earn more the moment I want to start working on some project I am unable to start, and I would rather beat my head into the desk than start working.

[Anonymous No.53273642]

>>53273532
oh fuck this makes a lot of sense

[Anonymous No.53273668]

>>53273633
Sounds like you're top left.

[Anonymous No.53273688]

>>53273532
>become more deluded
T...that's not me, right bros?
9/11 was a conspiracy, there for sure was no plane at the Pentagon, there's weather control happening almost all the time in the modern world, and the judeomasons have been controlling world events for many many years.
Surely I am not deluded

[Anonymous No.53273718]

If more than 50% of humans are stupid, then that means 50% of you in this thread are stupid and retarded and will stay poor! If you haven't made money in crytpo yet and only lost you might be part of this 50%!

[Anonymous No.53273731]

>>53273437
until adult age. his college freshman vs senior argument holds

[Anonymous No.53273732]

>>53273688
you are deluded, but about other things.

[Anonymous No.53273757]

>>53273444
i'm unironically further on the bottom right (both bottom and right) than the pic goes. 153iq, 0 income for most of my life
would suspect many anons are in the same boat
roughly a third of "genius" level iq people drop out of society. it's about the same as with retards

[Anonymous No.53273791]

>>53273757
excuse me sir but how do you get by?

[Anonymous No.53273920]

>>53273444

[Anonymous No.53274107]

>>53272318
I worked with people who were way smarter than me in CS and math. We had a slack channel for investing. Last year when interest rates were going up I understood that the discounted cashflows Wall Street institutions use would send stock prices down so I went cash and waited for a correction. Meanwhile my coworkers were balls deep in PayPal, square, and Facebook because they’re tech bros.

I don’t think you have to be high IQ, but a lot of people who are investing (including this board) don’t understand the basics like central banking or watching supply and demand for commodities like oil

[Anonymous No.53274124]

>>53273444
>one annual salary of a doctor or engineering salary is “top doctor”

[Anonymous No.53274132]

>>53273444
top right people who discovered crypto

[Anonymous No.53275423]

>>53273472
I would be interested to see a study. Not sure how you would even do it ethically? Who is the control group? You would need a very large, but very homogeneous group of same-age subjects to average out individual differences. Then one group would get the training and the other not. The trained group would need to show a significant increase in IQ scores over the untrained group. If such a study has been done, I would like to see it. If not, upon what are you basing your statement that training can increase IQ scores in children above and beyond their natural increases with age?

[Anonymous No.53275438]

>>53273532
Except high IQ correlates strongly with greater happiness long-term. Increased wealth, on the other hand, does not correlate with happiness at all - except at the very lowest bare subsistence level.

[Anonymous No.53275453]

>>53273370
>inheritance makes you get 180k per year

[Anonymous No.53275479]

>>53272318
It depends on if you are old money or not, but, it's mostly true. Also, look into this project. It's where smart money is going. Ai.
The world's first AI community moderator bot. Defeating jeets and spammers with the power of OpenAI.

t me / AntiRAIDAI
WEB: antiraid.ai

[Anonymous No.53275545]

>>53273398
>>53272351
It’s not one or the other. Both are independent things and need to be handled differently.
I’d guess that people who get rich quick have a hard time keeping it and people who grinder for decades have a much easier time.
The reason being that most people who got rich quick aren’t going to have the experience of money management and when money comes gradually you’re kind of already used to it.
But honestly idk man. I know some people who just suck at money and they constantly work against themselves by spending money on useless shit all the time or just make other dumb choices.
Meanwhile I’m more calculated in my financial decisions and over the long run that’s worked out really well for me

[Anonymous No.53275660]

>>53273444
/biz/

[Anonymous No.53275680]

>>53273757
Nice LARP faggot

[Anonymous No.53275951]

>>53273444
Academia

[Anonymous No.53276500]

>>53275438
both of these have been deboonked, retard

[Anonymous No.53276792]

>>53275438
Who do you think is happier, Lil Wayne or Ted Kacsznsky?

[Anonymous No.53276859]

>>53272318
There are as many people making 130k+ at 80 IQ as there are at 120 IQ.

[Anonymous No.53276940]

>>53276500
Point me to a study so I can become less retarded.

[Anonymous No.53277216]

>>53272318
>>53272349
>>53273444
These graphs prove the retardation of our system. Bottom right are people who went to college but got crappy degrees. They were the 130+ IQ people who majored in political science or "international studies" because they thought their higher IQ and other skills, like learning foreign languages easily, would help them deal with political situations and solve problems between countries and polities.

They are the people who decided to become archaeologists or anthropologists, who thought they might make a discovery or do enough research and find out something truly groundbreaking about the human condition that would benefit humanity.

Basically bottom right is high IQ college grads and people who went to graduate school or got a PhD but failed to find a good job. \

Intelligence has pretty much no bearing on income as can be seen from this graph. If you're an absolute retard, yeah you'll probably be poor. But being smart doesn't really help you be rich, it just helps you avoid abject poverty.

[Anonymous No.53277232]

The variation is so huge it doesn't matter much

[Anonymous No.53278542]

>>53273532
>>53273642
>oh fuck this makes a lot of sense
cuz he is describing himself