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I can't quite figure out 2 things. First he says his house was about to go into foreclosure and then he's talking about his paid off house. So, I don't know what happened there really.
And, if you are that well educated I would like to think you would be smart enough not to end up so far in debt that your house is in foreclosure. If I can manage to stay out of trouble without a college degree why can't he?
I can't quite figure out 2 things. First he says his house was about to go into foreclosure and then he's talking about his paid off house. So, I don't know what happened there really.
And, if you are that well educated I would like to think you would be smart enough not to end up so far in debt that your house is in foreclosure. If I can manage to stay out of trouble without a college degree why can't he?
A good education and a high IQ have nothing to do with how good you'll be with money. Academic research by a guy named Zagorsky at Ohio State proved this. He found that people with high IQs tend to earn more but they don't accumulate more wealth than people with lower IQs.
The ability and desire to save and invest have more to do with one's emotional skill set than one's intellect.
A good education and a high IQ have nothing to do with how good you'll be with money. Academic research by a guy named Zagorsky at Ohio State proved this. He found that people with high IQs tend to earn more but they don't accumulate more wealth than people with lower IQs.
The ability and desire to save and invest have more to do with one's emotional skill set than one's intellect.
I am a perfect example. I had a high I Q as a child, skipped a couple of grades and things came easily to me. I ended up a mapmaker, which paid fairly well, around 75k a year. I never even finished my college degree. However, I've always been broke. I had good months when everything got paid, the kids got all they needed and no one went hungry. But for some reason I've never seemed to be able to save a dime, and therefore never have anything when emergencies happen. I've had to bankrupt twice. And I'm really not a shopper, I actually hate shopping. I simply am terrible with money, and genuinely admire people who do manage their money well (without being stingy or miserly). I believe managing money is simply a talent a person can have, and if compared to musical ability, you could say I am tone deaf. I'm fifty now, trying to live on eleven hundred a month now because of my heart, and most all of my friends who thought I'd do much better than they are living in mcmansions with a big stash in the bank. You would think that if it had been important to me, I would have planned a little better. I guess that's what it boils down to. No matter what size your brain is, you pretty much end up with as much money as you feel is important to you. I am happy being poor. I just wish my creditors were also.
Umm....what exactly is psychobabble and which institutions are teaching it?
Sounds just like more anti-intellectualism....
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user_id you might want to read 1984 by George Orwell for examples of Psychobabble (newspeak). You know what it is but don't want to admit it exists.
A good education and a high IQ have nothing to do with how good you'll be with money. Academic research by a guy named Zagorsky at Ohio State proved this. He found that people with high IQs tend to earn more but they don't accumulate more wealth than people with lower IQs.
The ability and desire to save and invest have more to do with one's emotional skill set than one's intellect.
I strongly disagree with your last sentence. People often skew studies to get the results they are seeking in the first place. What is it you're saying now? College educated people have emotional disability as an excuse?
There are several things that go against this guy, he's out of work for a while, fat and old. A good education will not overcome every (stupid) characteristic that an employee desires on an applicant.
I strongly disagree with your last sentence. People often skew studies to get the results they are seeking in the first place. What is it you're saying now? College educated people have emotional disability as an excuse?
I think he's just saying that intellect and capacity to accumulate wealth have a similar correlation score in both IQ groups (high and rest) not necessarily negatively correlated or uncorrelated.
I think you can find outliers everywhere, you can probably google plenty of articles stating that on average the less educated the segment the hardest it has been hit by the recession.
No one is fool enough to say that by getting a degree from a top school will guarantee success, it depends a lot on how driven someone is, and connections. Same applies for people with no college degree or even HS degree, they may succeed. Just look at the handful of billionares who love to boast that they never went to college.
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