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Showing posts from May 6, 2014

Research shows you don't have to be smart to be rich

If you've considered starting a business but haven't because you've told yourself, "I'm just not smart enough," here is a study that concludes: It doesn't take a rocket scientist to accumulate wealth.  

In fact, the study concludes that people of average IQ are just as likely to be rich as a person with a high IQ.  To go further, the study discovered that people of below average intelligence were, overall, just about as wealthy as those in similar circumstances but with higher scores on an IQ test.

There are two things you can take from this study:
You don't have to be smart or a genius to become richPeople of high intelligence are just as likely to make poor financial decisions and get themselves into money trouble, even bankruptcy.“Your IQ has really no relationship to your wealth. And being very smart does not protect you from getting into financial difficulty,” say J. Zagorsky, a research scientist at Ohio State University's Center for Human Reso…