Why Dumb People Earn More Than Smart People

Рет қаралды 1,606,425

Жыл бұрын

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Edited By: Andrew Gonzales
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#business #finance #careers
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Dumb people make more money than smart people and it took a study conducted by really smart people to prove it. A study out of Sweden has found that top earners have lower intelligence than the people in income levels directly below them.
The Plateauing of cognitive ability among top earners drew on data from 59,000 men who had to take a compulsory military conscription aptitude test. It then tracked their earnings over their professional careers to find the relationship between intelligence and income. Before Tai Lopez gets any ideas for more shitty KZfaq commercials or the hustle bros learn how to read journal articles and use this to encourage people to drop out of college, I want you all to know how this data really works.
The relationship between intelligence and income was strong, smarter people earnt more money but only up to six hundred and seventy thousand Swedish krona or sixty-four thousand dollars per year. After that intelligence didn’t mean much anymore and at the very top end of income earners, the 1%, dumber people actually did better.
So is this a sign that watching TikTok and reality TV is actually better for your career than going to college? Well maybe actually, for two important reasons but there are also two reasons why you should probably ignore this and keep studying hard if you want to get ahead financially. Reason number one why dumb people are doing better than smart people is that smart people fill in high prestige jobs that don’t have high salaries.
Academics and research scientists are some of the smartest people in the world, but they don’t get paid well. Doctors, lawyers and elite financiers also need to be very smart to get through demanding schooling and admission exams and these professionals ARE typically compensated very competitively BUT most of them don’t make it all the way into the 1%. In the USA to be in the top 1% of income earners an individual needs to make at least five hundred and ninety-seven thousand dollars before tax and that’s just the minimum to join the 1% club.
so it’s time to learn How Money Works to find out why dumb people are earning more than smart people and why this trend is completely meaningless for your own career planning.

Пікірлер: 3 900

@williamyt6174 Жыл бұрын

If you saw this, and think "Ah, I'm smart, that's why I'm poor", you are not one of those smart people.

@denniswatson6622 Жыл бұрын

He did actually say that intelligence correlates to income, but only to a certain point. So this comment was superfluous.

@shrin210 Жыл бұрын

😂😂

@josephmiller5152 Жыл бұрын

The second comma in that sentence should be between the r and the end quotation “…poor,” Punctuation always goes within the quotations, unless you are doing a parenthetical citation. Not trying to be rude or anything, I just have grammar ocd.

@jakobstisen6366 Жыл бұрын

That was not what the video was about, but okay. It was just more about the normal distribution of intelligence impact on the studies results. But you can of curse just say something based on no logic connected reality that some random person is stupid if you want to do that, you do you.

@lilsabin Жыл бұрын

🤣🤣🤣🤣👌🏾

@misterhat6395 Жыл бұрын

My dad was a physician, he would always say that the top 3rd of med school graduates would become academics, the middle 3rd would make the best doctors, and the bottom 3rd would make the most money.

@lelele1408 Жыл бұрын

why would the bottom 3rd make most money?

@benjaminfranklin329 Жыл бұрын

@@lelele1408 Probably because they went into medicine for the money in the first place. It's not a recipe for someone being passionate enough to excel in the field, but the supply and demand for doctors means they can still get paid very well. There may also be a difference in ethics/values...

@Nightzo Жыл бұрын

@@lelele1408 The same reason Dr Dre makes more money than most doctors

@theguythatcoment Жыл бұрын

@@lelele1408 imagine the same situation with hookers, the one without self worth will get more money than the one that does it because its her passion.

@Stroporez Жыл бұрын

@@lelele1408 Because they would be ambitious enought to take risk. Which would result in several big winners and most losing out on those bets. But in sum because of those few winners bottom third would get more money as a group.

@BiscuitDelivery 9 ай бұрын

Survivorship bias is a big part. Dumb people gamble for success while smart people are slow, methodical, and disciplined. Taking huge risks with huge rewards can reap terrible consequences but if you succeed at your venture your ceiling for success is far higher. When you look at these top earners, you're looking at the gamblers who succeeded and missing the mountain of failures who you will never hear of.

@fortheprofit2186 9 ай бұрын

it's true I gamble with leveraged options in the market

@Dipj01 8 ай бұрын

Exactly.

@franky01ize 8 ай бұрын

Exactly. Millions of failures pave the minimum wagers

@zerocal76 8 ай бұрын

Glad someone pointed this out. This is true for countless situations. W/ the exception of stupid influencers, you can't be dumb to be even moderately successful (even if you use income as the metric). You don't need to be book smart but you have to be smart in various areas.

@kdjoshi726 8 ай бұрын

EXACTLY

@abbysmith1148 Жыл бұрын

When I was in undergrad, the top students went into sciences and elite academic majors, while the B and C average students often went into business and marketing, where the material was much easier and they didn't have to try or study as much. Years later, those lesser achieving students are often far wealthier because they received their education in a subject that would work for them economically, while the kids that were at the top of the class are now serving under the kids that were always too lazy to get higher grades. And if you want an explanation as to why management is always so awful...

@sp123 Жыл бұрын

The problem is that society praises chasing capital for the sake of more capital without considering the side effects. It's a big reason why quality of life is declining over time

@the_expidition427 11 ай бұрын

Quality of life is declining over empty money and fiat

@The-Dirty-Straw 8 ай бұрын

@@sp123huh? that has nothing to do with the OPs topic at hand, in regards to the issue about human temperament, and the leaning to the academics, or business hustle. If you're on a rant about people working for money, just say so. But "smart" people think as well, that they're making the financially right choice as well

@sp123 8 ай бұрын

@@The-Dirty-Straw it has a lot to do with the topic at hand. Making money has to do with the ability to sell, not the ability to create value. Someone shilling their low quality white-label products will make more money than an engineer or a chemist who is doing much more difficult work.

@user-bi2by7rf8m 4 ай бұрын

It’s also why it’s the bumbling fool general in the USA military is a toxic leader. And the enlisted are sometimes smarter than officers with higher rank. I never served I’m just fussing my comment is accurate.

@squawkdude Жыл бұрын

I knew a guy at work that was forced around from job to job within the company because he was "dumb". Apparently he received a raise every time this happened because of negotiating power and a "diversified" resume.

@doms5755 Жыл бұрын

Could just be he knows the job and it’s easy for him.

@mirabella2154 Жыл бұрын

😂 He is not the one that is dumb, that's for sure.

@fhujf Жыл бұрын

At my company, he'd be fired on the spot LOL. There's always more to guys like these than meets the eye. Family connections in top management, or something similar that a regular employee has no idea about.

@BobbyKarnavas Жыл бұрын

This guy has a video on that actually, "Why is Company Management Always Bad" - Basic idea was the dilbert principle (this)

@_Chessa_ Жыл бұрын

@@fhujf Or drug connections. I know of someone that got promoted got a new job, quit that job and got the same job with the promotion to top it all because they personally knew the president and manager, and they knew each other because of weed deals in the past. It’s not always what you know, it’s also who you know; and yes, lots of luck with that one. XD

@2011blueman Жыл бұрын

I could have told you this without a study. I'm an attorney that does wealth management and protection for the 1%, so I deal with the 1% every day. Being charismatic and lucky is far more important than being intelligent when it comes to being in the 1%.

@whaha Жыл бұрын

Sometimes I think studies that study something where we know the answer for get more support. Then again, I haven't studied that.

@keanuxu5435 Жыл бұрын

Elongated Muskrat fits the bill

@BewareTheLilyOfTheValley Жыл бұрын

@@keanuxu5435 😂😂😂

@savagebeastking8703 Жыл бұрын

It’s always better to be lucky than good

@OscarUnrated Жыл бұрын

charisma and people skills are arguably as important as intelligence. I know a lot of very intelligent people who are shy, not very assertive, and not great at communication. There are borderline autistic people in maths and sciences that are amazing at their jobs but would not do well managing a company

@LucasSmith715 9 ай бұрын

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

@TheresaDiana12 9 ай бұрын

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

@BryanBilly69 9 ай бұрын

" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."

@JoeLogan2b 9 ай бұрын

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

@AnnEve-mi5zv 9 ай бұрын

I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.

@LucaArthur10 9 ай бұрын

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

@zombieapocalypse3837 8 ай бұрын

This brings new meaning (or confirmation) to the old adage "It's not what you know, but who you know" that makes a difference in getting ahead in life.

@klowen7778 2 ай бұрын

Yep, and why high 'social intelligence' can often trump high 'IQ'.

@SunilPokhrel-wo9ew 22 күн бұрын

Basically the people you think are dumb and making money aren't actually dumb.They are intelligent enough to know that there are enough dumb people in the market who are potential audience of whatever so called "dumb stuff"that they do

@gintongaparador999 9 күн бұрын

I see this all the time, my family have lots of friends/connections in their fields and they receive the latest news about job openings through their connections/friends. It amazes me how easier it is when you have good connections, but it also discourages me because it might be harder for those who try to find work on their own. Makes me wonder how I'll navigate through life on my own.

@RandoomDude Жыл бұрын

Money is basically just an indicator of how good you are at navigating the social game, in most cases

@ShomoGoldburgler Жыл бұрын

100%

@annagaile2792 Жыл бұрын

True that, connections matter.

@renanfelipedossantos5913 Жыл бұрын

Or whether you got lucky and was just born in the right family.

@aigoated Жыл бұрын

Consider yourself lucky because you have access to social media, basically changing the entire marketing game. Most of my time marketing was spent by myself learning here on KZfaq and viewing where I failed and searching for an answer on KZfaq. Although connections help get to success. You can do it on your own it'll simply take longer. The best trait to have is perseverance.

@RandoomDude Жыл бұрын

@@aigoated "Doing it on your own" still implies doing business with others to aquire wealth, human wealth is an indication of social connections, from monopoly's to inheritance, if you could build your own castle yourself you woudn't create currency as a King you'd just do it, you only create currency when you reach your own limitation and reach out to others.

@lombardo141 Жыл бұрын

I love how everybody and their mother on social media always tell people to quit their 9-5 and go into business. Yeah like every body can be an entrepreneur

@BewareTheLilyOfTheValley Жыл бұрын

Or even wants to be one.

@SacredCASHcow Жыл бұрын

Actually this video is only applicable to a weird small % of people. Myself include. I'm no dummy though. I graduated with a degree in engineering. But I quickly realized I wasn't as good as my peers. Quitting my high paying job to start my own business was a much better option but I had to be clever enough to come up with a niche business model and have the level of crazy to actually go through with it. It's a different type of intelligence. But I certainly lack a lot of conventional intelligence. For example, I think kinda slow and have poor working memory but I have above average creativity.

@dexterne Жыл бұрын

Don't. Most people can't handle it. There is a reason business founders are less than 1% of the population. There is a reason 50% of startups fail in the first five years. There is a reason less than half of startups turn a profit in the first three years. I started my business in 2007. I've seen multiple suppliers, competitors, collaborators and clients go down over the years for various reasons. It's not a joke. Some founders shut down gracefully, some crashed and burned, others rolled into another venture (sometimes more than once) stronger than before. That said it can be pretty freaking awesome to call all the shots, and it's treated me well. I'll never go back to being an employee.

@4m4n40 Жыл бұрын

Many people who had to go through the grind were motivated thanks to sunken cost, it really helps, especially once your standards become realistic and you’re more thankful for the little things.

@keithmoriyama5421 Жыл бұрын

@@dexterne It's the only way to fly.... well at least for you and me.

@hankmarks69 8 ай бұрын

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them., well at least my advisor does lol

@sattler96 8 ай бұрын

Investors should be cautious About their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.

@PhilipDunk 8 ай бұрын

This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is 3 major cause, how do you go about this are you a pro investor?

@hankmarks69 8 ай бұрын

@@PhilipDunk Not at all having monitor my porifolio performance which has made a jaw dropping $273k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemirigly unknown market. I must say it’s the boldest decision I've taken since recently

@PhilipDunk 8 ай бұрын

@@hankmarks69 Please pardon me, who guides you on the process of it all?

@hankmarks69 8 ай бұрын

“Vivian Carol Gioia” is my adviser and she is highly qualified and experienced inthe financial Market , she has extensive knowledge on portfolio diversification and is considered an expert in this field. I recommend researching her credentials further she has many years of experience and is a valuable resource for anyone looking to navigate the market.

@i.ai.a5466 9 ай бұрын

The first sentence killed me 😂. "Dumb people makes a lot more money then smart people. And it took a lot of smart people doing a study to find it out" Imagin how the scientists must have felt when reaching that conclusion. Did they feel smart or dumb.

@YannMetalhead Жыл бұрын

I believe luck plays a role much bigger than people are comfortable to admit. Two people with the same intellect and skills can have a completely different life based in what country they born and from what parents.

@kristianjensen5877 Жыл бұрын

Luck is decidedly *the* deciding factor to success. Hard work and calculated, intelligent decisions can help luck along but without an initial "lucky break", it is usually very, very difficult to create a successful business that can last long term. Being lucky might be something as simple as getting the right customers (eg. willing to do business again in the future), getting the right kind of exposure at the right time or marketing "the thing" at the right time (eg. the OG iPhone prototype was basically a broken mess when it was first revealed to the public).

@olstar18 Жыл бұрын

Personally I've been wondering if it might be a combination of becoming more risk adverse and having to much structured education leading to 'institutionalized' thinking. The less educated 'dumb' person might be better able to recognize an opportunity because they aren't as educated on what can be done and more willing to take the risks needed to take advantage of it.

@whatsupbudbud Жыл бұрын

I agree though I'd add that it's luck as a function of opportunities offered by wherever you are right now physically and what you're doing there. Moving yourself physically and temporally can greatly change your luck hence the saying of "show me your friends and I'll show you who you are". It's not the friends themselves per se but what circles they are in. And if you're an interesting person in the sense of having wide interests, plus have an open mind, a lot of people will humor you a conversation if you happen to be around them - no matter what your income bracket is at present moment.

@qillerr_yt Жыл бұрын

@@kristianjensen5877 "Fortune favours the bold"

@MechaDL Жыл бұрын

@@olstar18 I think it is less so that less educated people are better able to recognize opportunities and more so that there are more people we would consider less educated trying to find such opportunities than more educated people. It's like a lottery, more "dumb" people win them because less "smart" people play them since the "smart" people recognize that the expected value of playing the lottery isn't worth their money (unless of course the lottery is set up with a high expected value, in which case its a bunch of MIT students winning them).

@BetaProductionz Жыл бұрын

One thing that wasn’t talked about is that being so much smarter than the average person makes it harder to relate to average people, aka the people who make up the vast majority of the economy and from whom you have to earn your money. It helps to be a bit smarter than your average customer, but not too smart that you can’t even understand them.

@BewareTheLilyOfTheValley Жыл бұрын

This is our issue with politics as well. When someone was raised with such a vastly different lifestyle and income bracket, it's extremely hard for them to have empathy and understanding for those less fortunate. I'm reminded.of the politician here in the U.S. who recently claimed he's never seen a child go hungry and equated him not having eaten since breakfast and now being hungry to that being the exact same situation of childhood hunger, completely trivializing the issue. 😒

@JoseRodriguez-ey7ju Жыл бұрын

@@BewareTheLilyOfTheValley wait who are you talking about

@lelele1408 Жыл бұрын

This.

@BetaProductionz Жыл бұрын

@@BewareTheLilyOfTheValley exactly. When people insulted Trump by calling him a “poor man’s version of what a rich man should look like” they were actually pointing out the reason why he’s more successful as a politician than say, Mitt Romney.

@sean748 Жыл бұрын

I can't tell you how many times I've heard this sentiment and how wrong it is. You "being smart" doesn't make it hard to relate to people, having an underdeveloped emotional intelligence does. You should pretty much be able to empathise with anyone, even if you don't like them that much you should be able to form an understanding of how their brain works. Annoying to hear all these ex gifted kids who've never done the work in building their social/emotional intelligence complaining that it's their enormous intellect preventing them from doing so, and not the neglect of a learned set of skills.

@allisonirvmiller4670 Жыл бұрын

I remember a quote from one of my favorite TV shows which is Mr. Robot and it goes, “Power belongs to the people that take it. Nothing to do with their hard work, strong ambitions, or rightful qualifications, no. The actual will to take is often the only thing that’s necessary.”

@thebootjournal6037 2 ай бұрын

Absolutely true.

@emiliomartineziii2980 Жыл бұрын

Honestly, from this, it seems that extreme wealth has more to do with luck and randomness than on merit

@gopackgo4036 Ай бұрын

That’s because that’s true.

@pismobiics825 Ай бұрын

Luck, randomness, willingnesd to do whatever it takes, low concern for the consequencies to others, skills at manipulation and faking, loudness, large inherited or acquired circle of connections, unethical levels of overcharging for otherwise cheap products, etc...

@phoenixmodellingphotography 28 күн бұрын

I thought this was common knowledge?

@gailcbull Жыл бұрын

I love to see an analysis on how personal ethics plays into this dynamic as well. Having worked in corporate jobs, I've noticed that the people who can "turn off" their personal ethics and do things that they would never do outside the work place, often get promotions before employees who refuse to behave in unethical ways. I remember seeing a video clip of a Ted talk where the presenter said that there are more clinical psychopaths in high paid positions then in the average population, and all the "business leaders" in the audience looked shocked. My reaction was, "that doesn't surprise me." No one can turn off their ethical code as quickly a clinical psychopath. In other words, you don't have to be clinical psychopath to get ahead, but it helps.

@KhiemNguyen-ly1wz Жыл бұрын

I mean, if you keep worrying about all the little people all the time you’re not gonna have time to make that dough. Gotta make sacrifices. Everything in life has a price, even being rich

@vornamenachname1069 Жыл бұрын

@@KhiemNguyen-ly1wz Yeah, but the difference is that some people are willing to pay the price while others don't. Otherwise everone would dream of becoming a paid undercover murderer for the secret service or so. Most people do have empathy that permits them from adapting towards inhumane work ethics. And more often than not, how much empathy you have is dependend upon genetics and early childhood trauma far more than on actual socialization.

@KhiemNguyen-ly1wz Жыл бұрын

@@vornamenachname1069 "Yeah, but the difference is that some people are willing to pay the price while others don't." I know, that's the point

@milan51259 Жыл бұрын

@@Vercusgames That's correct. Lying and cheating is the fast lane to the riches, but it can be accomplished without lying and cheating too. Buy the bottom, sell near to the top. That's it. This is the job. Even a 5 year old can trade in Crypto highly successful with only trading on RSI and absolutely basic information. But most people just don't do it. They think it's some kind of magic and must be more complicated, but it's not.

@milan51259 Жыл бұрын

@@Vercusgames Making big money doesn't correlate with intelligence. If there would be correlation, all of these University PhD's would be the riches people on the planet. It has to do in what field you are (is it a new one where the money is?), if you make a business or just work for some other guy (if work 9-to-5 you probably will never become rich) and if you know how money works (investing). What makes you money in order of possibility to get rich: 1.) a job (low possiblity, because least risky) 2.) a business 3.) investing/speculation If you believe everybody who gets rich is an a-hole or corrupt, I really can't help you. Then you need to alter your mindset or educate yourself on what money is and how it works. Hope my comment is of help for you. Wish you the very best!

@JWelsh07 Жыл бұрын

As someone who went to top undergrad and graduate institutions, I would add that most truly smart people are looking to accomplish something other than maximal income with their careers. They'll happily sacrifice income to feel like they are using their intellect to improve the world. I think this often stems from so many adults telling gifted children that they hope they'll use their talents to make the world a better place when they grow up. I don't think average kids are groomed to expect such things from their work and feel freer to just chase money. Then again, it could just be that smart people demand more from their work than just income or are more likely to refuse to make the sacrifices to their personal lives that chasing very high income often entails.

@EventHoriXZ0n Жыл бұрын

Yeah I’m glad you mentioned this because this kind of discussion applies if you’re defining success as making lots of money. Other people have differing ways of measuring their success

@jerrycan1756 Жыл бұрын

"Either you're smart enough to want something more than being rich, or you're smart enough to want something less than being rich"

@PedroPereira-si3sy Жыл бұрын

I think the expression groomed to become a better human is quite diminishing 😅 I think that a inteligent person would release oneself from the cuffs of brainwash in a relative young age. I think that a inteligent courioise persons will understand reality in a different way than others do. And will reach conclusions that lead them to direct their work onto making the world a better place.

@GierlangBhaktiPutra Жыл бұрын

I also share similar opinion. My smart friends often have idealistic value and their goal is to improve life of others or the make the world a better place. Often involves voluntary work. In contrast, average guy will chase career and start making money for a more realistic goal. I also think average people has the confidence to make decision while smart people always hesitate as they fear to be wrong. Which makes average people a better choice for professional world that requires decision making.

@chumanho Жыл бұрын

I think it helps to understand this issue by hearing what the truly smart people think too. I have the luck to have met an engineer who was working for NASA's JPL. He told me that if suddenly the lab says that they don't have funds anymore to pay the scientists, they would still go to work as usual. Hyperbole or not, I think it gave the idea of what is the driving force behind those scientists. Also, here's a couple of quotes from Terence Tao, some say arguably the greatest mathematician alive: "Okay, I don't think it would count as evil, but a lot of my PhDs, they go into the finance industry, Wall Street, and typically they earn ridiculous salaries. In fact, I don't even know exactly how much they earn. It's probably good for my health not to know." "Tao himself was once head-hunted by a hedge fund. 'But I don't know, these things never sort of really interested me.'" - Stephanie Wood, Sydney Morning Herald, March 5, 2015

@Robertgriffinne 2 ай бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

@Patriciacraig599 2 ай бұрын

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

@PhilipMurray251 2 ай бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@Christine-ce4xo 2 ай бұрын

One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?

@PhilipMurray251 2 ай бұрын

Linda Aretha Reeves is the licensed advisor I use. Just research the name on the web, You’d find necessary details to work with to set up an appointment

@Christine-ce4xo 2 ай бұрын

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@thewholehealthlab Жыл бұрын

Malcolm Gladwell summarizes this well in Outliers when talking about Christopher Langan, “the smartest man in America.” Also matches up with his other book David and Goliath. Basically being smart matters up to a point, but after that - social skills, conscientiousness, creativity, luck, etc. all matter MUCH more. Not to mention, the richest people tend to be the ones who WANT money to the exclusion of other things. Maybe smarter people realize that infinite money ≠ infinite happiness? 🧐 Edit: your analysis during the second half was 💯💯 playing to your strengths will always beat chasing what others tell you to.

@solmariuce5303 8 ай бұрын

That, and they've realized that success is an arbitrary societal notion and it shouldn't be programmed into you.

@thomasjamison2050 Жыл бұрын

My father had a masters in engineering. There came a time after being in the work world for a number of years that he began to think about getting his PhD. He looked around at the various levels of people he worked with and decided it would be a better idea to get degree in management. Not long after he found himself hiring and firing PhD's on a regular basis.

@chuachua-hj9zd Жыл бұрын

Smart

@hurmaes 11 ай бұрын

What management degree was it?

@Anna_Yasmin 11 ай бұрын

Sometimes you can hire and fire people, but still not earn much more than they do. But specifically about PHD, it mainly benefits those who work at university or science lab. They, too, are hired and fired by a manager. In general PHD is worth spending money on mostly if you have extra money, and everyone in your social environment already has PHD.

@fadhilaiman7812 9 ай бұрын

From my experience many PhD holders are a prick...refuse to listen to people below them..undermine techinicians and operators..always treat machine and process theoretically and causing major headache to engineering and production department and worst of all i've got 2 warning because i didnt appear on cctv working and operating the machine (i was operating on other machine and the machine wasnt in cctv field of view)..

@Airestotle09 9 ай бұрын

Still doesnt mean he makes more than the people he fired.

@benpietersen222 Жыл бұрын

As a statistician, I'm very glad with how you presented this study. Survivorship bias, Simpsons paradox and all one hundred other biases, even plain population proportion considerations are all too often overlooked

@thcg-evangelismministrychi5477 Жыл бұрын

Jesus Christ died to save you from sin and death. If we die without knowing/accepting Him as our Lord and Savior - Hell becomes very REAL! Jesus in John 14:6 says He is the ONLY way to Heaven, there is no other way. He is also LIFE! He grants us life - Eternal life with Him in Heaven. Say Yes to Jesus Christ today ! He is knocking on the door of your heart, let Him in. He loves you so much 🙏☺️.

@BlackoutGootraxian Жыл бұрын

@@thcg-evangelismministrychi5477 If he actually loved me he wouldnt shower me with an endless streak of bad things. Get your bs out of this comment section.

@joao2669 Жыл бұрын

@@thcg-evangelismministrychi5477 stfu got doesnt exist

@calencrawford2195 Жыл бұрын

@@BlackoutGootraxian Your life on earth is like a breath of air. One moment it's here, the next it fades away. God promised that whosoever believes in His Son, Jesus Christ, will not perish but will be granted eternal life, and Jesus Christ promised that in the end times He will wipe off your tears. You, and every other person has the gift to live forever in happiness in the presence of God. The bot you responded to is simply making sure you don't forget just how much it costed for Jesus to make the promise of eternal life. IT costed His Life. God spent His Own Life to pay for the debt of sin of His Own creation, and He did that because He loves you.

@milan51259 Жыл бұрын

If you're not self-made rich, you can present me every "bias" you want, I will still ignore your average-loser-mindset

@scottguitar8168 11 ай бұрын

Being dumb may also make you more likely to take risks. Like most things in life, you only need to be good enough and there is a factor of luck in terms of being at the right place, at the right time, with the right skill set. I think the biggest factor of success is recognizing opportunities. I see opportunities all the time, they are frequent, yet I see plenty of people oblivious to them.

@phylkoncent 4 ай бұрын

Perfect

@ViralAnimal546 3 ай бұрын

all you have to do is recognize the opportunity -Meyer Lansky aka the famous mob's accountant.

@gijane2cantwaittoseeyou203 2 ай бұрын

To see opportunities and seize them, you have to be intelligent

@scottguitar8168 2 ай бұрын

@@gijane2cantwaittoseeyou203 I'm not sure that is correct. I see a lot of idiots seizing opportunities.

@smithlenn 2 ай бұрын

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

@belljoe 2 ай бұрын

Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down

@latanyaconlontl5849 2 ай бұрын

I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by

@rannyorton 2 ай бұрын

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

@belljoe 2 ай бұрын

Fantastic! Can you share more details?

@rannyorton 2 ай бұрын

She's known as Julia Hope Marble'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@JoshuaC923 Жыл бұрын

Learning How money works whilst eating a Plain Bagel, perfect

@Mezagodplays Жыл бұрын

Watching a plain bagel whilst eating how money works, perfect.

@JoshuaC923 Жыл бұрын

@@Mezagodplays perfect

@Turtle3000 Жыл бұрын

Perfection.

@lombardo141 Жыл бұрын

I am watching The Plain Bagel right after this. 👀

@ryanstevan7132 Жыл бұрын

Don't forget a shot of Coffeezilla too

@sasukesuite1 Жыл бұрын

Actual rocket scientist here. I feel I am severely limiting my earning potential because I know I could start some kind of business or create my own product, but I always second guess myself and say “this is so trivial, why on Earth would somebody be stupid enough to give me money for this?” So I just never try. “Dumb” people don’t care, they just try anyway.

@ahmedyarkhan5169 Жыл бұрын

if it solves a problem that many have, is framed to be the solution to a problem where the problem is grave enough for you to charge your customers a relatively fair, profitable price, it will sell. Even businesses do market research like that, but there's a strategy they teach where you test the product buy selling some first, and then if it works, you scale it

@pm8401 Жыл бұрын

Maybe they are not dumb then.

@lockvegas05 Жыл бұрын

Go work for a quant fund! You don’t even need investment experience. You would be a multimillionaire within 5 years

@fartmnms 9 ай бұрын

I'm not dumb, I know people will buy this shit 😂😂😂

@dylansmith6078 6 ай бұрын

Not a rocket scientist and I always want to run a buisness and never do because I have that same mentality

@operabrotha5208 8 ай бұрын

It’s frustrating that many still confuse the word “intelligent” with “educated”. The people described in this video as “intelligent” are actually the highly educated who tend to go into professions requiring advanced degrees. But they are still employees , which, by definition, means that there is a cap on how much they can earn. Steve Jobs dropped out of college, so he was not highly educated. But no one would ever claim that he was not intelligent. He used his intelligence, instincts and capacity for enormous amounts of hard work to build Apple and change the world of computing, and become extremely rich doing so.

@lucky6666 2 ай бұрын

Good spot, something seemed off and this is it.

@handles_are_a_bit_rubbish 2 ай бұрын

This is arguing semantics but I'd say that it's not about education but rather qualification, Steve Jobs was clearly an educated man who decided pursue a risky business venture instead of a safe career in Computer Engineering or whatever it was that he was originally majoring in.

@i2keepitrealInreseach 2 ай бұрын

To go through those education you need intelligent. And people who finish these education and become professionals proved they are intelligent. Not everyone can do these task.

@lucky6666 2 ай бұрын

@@i2keepitrealInreseach Don't agree. Degrees and good grades are gotten by doing what the professor tells you to do and often applying information from an open book. It proves you can work for someone to risk hiring someone without experience in a field. I focused on learning and improving my thinking and I unavoidably got a few terrible grades with that strategy and now that I work I can hardly stand it and everyone seems slow and dumb and incapable of critical thinking. Management is even dumber and micro manages so they don't care as long as you do the dumb work they come up with...

@i2keepitrealInreseach 5 күн бұрын

@@lucky6666 Disagreements don't hide facts, and facts don't care about your emotions. Earning degrees and good grades isn't easy. A class in engineering or medicine shows how well you can manage and make decisions. If you think books restrict your thinking, that’s your perspective. But as someone who attended advanced physics classes, completed all assignments, and now works as an assistant professor at a university, I can tell you that my thinking hasn't been downgraded.Academics isn't for everyone. If you don't like studying and investing time in books, that's fine. You have different interests. But for me, as a bookworm whose job is teaching physics at a university, it's what I love and what works for me. So, don't degrade professionals who invest time and effort in their fields. Remember that when you need help with taxes, legal issues, health problems, or any situation requiring professional insight, you rely on those who have dedicated themselves to their professions.Work might seem dumb, and life can be tough, but the world functions this way. People live fulfilling lives and pass away.

@DanLeahfort 9 ай бұрын

I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

@Curbalnk 9 ай бұрын

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions. Right now treasuries and HYSAs pay 4.5-5% risk free, do that.

@colleen.odegaard 9 ай бұрын

Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January 2022, and in a couple months, I was able to earn over $350K in net profit They have strategies that are specifically suited to your long-term objectives and financial aspirations.

@TeresaBrickle 9 ай бұрын

my partner’s been considering going the same route, could you share more info please on the advisor that guides you

@colleen.odegaard 9 ай бұрын

I started out with a financial advisor called "Monica Selena Park". Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

@TeresaBrickle 9 ай бұрын

I looked up the name and came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have scheduled a call with her.

@qihaoliu3631 Жыл бұрын

We live in a society where being famous and good looking is valued more than intelligence and hard work. Look at all these influencers making loads of passive income doing nothing but posting on social media. Meanwhile professionals like doctors, engineers, and teachers are undervalued considering how central they are to the functioning of a modern civilization. It really feels like Americans put enterainment above other priorities like healthcare education, and infrastructure decelopment.

@weirdo1060 Жыл бұрын

Dungeons and Dragons analogy of charisma beating intelligence in certain situations.

@stuartcarter4139 Жыл бұрын

Culture is much more involved in keeping civilizations running than pragmatists will ever admit 🤷🏻‍♂️ Teachers should definitely be paid more for that reason though

@Footballfan-rj1gf Жыл бұрын

And that's where Rome died, for saying "A bread and an entertainment".

@RoninMike-DR Жыл бұрын

Everyone is stupid to me until they can prove otherwise, I know because I know how stupid I can be sometimes.

@RoninMike-DR Жыл бұрын

Professionals make a good living, engineers and doctors make but loads of money... what exactly are you talking about?

@duta6388 Жыл бұрын

In addition to all mentioned in the video there’s also probably less overthinking, resulting in more confidence and quicker decision making. 1% probably have a lot of their group who succeed through proximity to other successful people. .i.e. networking through either schooling, families etc

@SusCalvin Жыл бұрын

The swedish Wallenberg family is on their sixth generation of cultivated wealth. No one can study or work hard to get the Wallenberg family name. And when they appoint someone to chair their different controlling foundations, it's often another Wallenberg. Six generations is the upper national extreme. Most are 2-3 generations old. Wallenberg has their system of indirect control where individual parts of the family can't break things up. They're bound to their fortune.

@PedroPereira-si3sy Жыл бұрын

I think it's the opposite. One with highest inteligence will sort out the problem faster. Will be more courioise,so will have more data to analize and correctly decide. But, in that regard, i think decision making is a skill. And most are not trained to assume responsability, and are always expecting others to take it from them.

@_Chessa_ Жыл бұрын

I can concur with this take on why so many can’t become top 1%. Overthinking=stress= poor decisions. But also a lot has to do with luck. Being born into a wealthy family can be seen as very lucky. Or knowing someone whom is wealthy and kind. Or hitting it good with being nice to look at can also get you further in life. I’m an over thinker and a dreamer. I don’t do as much as I think and dream of things to do. I wasn’t in the lucky category with anything. Including brains. Mental illness and mental disabilities plague my overthinking mind. I’d love for a different brain. One that can work and do basic math and basic human social interactions. I can’t do either without falling apart and after overthinking about how much I’ve fallen and failed. And then intrusive thoughts of jumping off a high place. Yeah sounds sure smart brain. But also sounds really nice at times. I’m curious how other peoples brains work. Is it calm and peaceful? Or just as noisy and chaotic as my comment which would be worse if I didn’t delete half of what I was initially going to put. I can’t find an employer that can work with me. I can’t find a job. I’m that unable to do things. How in the heck am I going to get money when all I do is burden my parents with my brain. Like would it be best for the world if I never existed to begin with?

@PedroPereira-si3sy Жыл бұрын

@@_Chessa_ you already know what you might have, so perhaps you might make your purpose to find how to get better? Chemical unbalance perhaps? Or you can investigate other thoughts so to overthinking about new ideas of instead focusing on yourself? Hope you find peace

@_Chessa_ Жыл бұрын

@@PedroPereira-si3sy I’d love peace. Thanks for comment. I’m not sure if there is enough research on over thinking heads I’ve always liked reading up about new research on depression and anxiety/ptsd. Memory is also not a very strong point for me, so unless I write it down most things get forgotten. I focus on plants to keep my head busy. And I focus on trying to stop being self conscious and self absorbed.

@CK-ui2kb 8 ай бұрын

In my experience it's been more consistently "who" you know rather than "what" you know...and that can apply to being able to capitalize on opportunities in many fields. So..network, don't burn bridges, don't be scared to say hi or have a conversation/be friendly with people in influential and decision making positions. Be confident, but as the video says ..be honest with yourself and be humble also, not arrogant. Willing to learn, to hustle and sometimes fake it (a little), till you make it. Swing for the fences and ..when..you fall,.. get up, dust off and get back at it. Keep practicing, keep learning, keep pushing forward, keep smiling and keep being grateful for everything you learn or experience. That way..when the "who" you know has a need or an opening, you're the first person that comes to mind.

@thebootjournal6037 2 ай бұрын

Exactly.

@herratossavainen2320 11 ай бұрын

Your channel is the only thing that keeps me sane in this crazy financial world. Thank you.

@bicyclist2 Жыл бұрын

We were fed this huge LIE from the time we got to middle school, that we had to study hard and get a college degree to earn more money. What a crock of SH!T. Most of what I know, I taught myself. I've asked several people this question before and never got a good answer. I used to live in a tourist trap, in Michigan, and quickly found that, what you know didn't matter one bit to any interviewers. The only thing that mattered to these people is WHO You know. Unfortunately I didn't know the right people. It was and is very frustrating, and infuriating. Thank you.

@jasonmajere2165 9 ай бұрын

Also grew up with the thought of if you don’t go to college your shit. TV portrayed this a lot. Gotten better jobs through connections, doesn’t hurt that it playing into my strengths. Ohio sucks.

@1984Phalanx Жыл бұрын

"Be honest with yourself" is probably the best advice I've ever heard given by a KZfaq channel. 90% of people think their IQ is above average, let that number sink in. 90% of people think they are smarter than average...

@travis2753 Жыл бұрын

the 2nd time you said it really hit me, just sitting here with my jaw open in disbelief.

@tcioaca Жыл бұрын

OTOH, being stupidly confident helps people project a much better image of themselves, effectively opening the doors to better jobs. People that know their own limits do not usually even dare to knock at those doors because of the doubts they have. This is not ideal. Have you not had mediocre bosses, managers, politicians or leaders that seemed to be there just because they had the guts to try in the first place, where others didn’t even dare to show up!?

@honkhonk8009 Жыл бұрын

ong. People dont understand this is a genetic thing. 100 IQ by definition is supposed to be the most common too.

@Enrique-Garcia 9 ай бұрын

The main thing I've learned from working in creative fields (design, film, etc.) for over 20 years is that your skills don't matter; who you know matters. The more people you know, the more you will know people in positions of power, and the more likely you will get a job, even if you're not fully qualified for it. Your odds increase tremendously if you're attractive and/or come from money.

@jonm.678 5 ай бұрын

True. Working in corporate America I know numerous people in highly paid management and supervisor positions that are completely useless and do nothing. Working hard matters but being in the right place at the right time along with having connections and being social will get you farther.

@dogoftheg Жыл бұрын

Successful people aren’t smart, they’re adaptable.

@jfamo3552 Жыл бұрын

Yeah that happens when you're not entirely aware of your surroundings.

@Laotzu.Goldbug Жыл бұрын

@@jfamo3552 conversely, that's what happens when you aren't caught in a loop of overthinking and cowardice

@jfamo3552 Жыл бұрын

@@Laotzu.Goldbug you are right. Its a near pure meritocracy. We are lead by the most reasonable, altruistic and gifted people👌🏽

@SusCalvin Жыл бұрын

@@jfamo3552 The most important merit to be part of the Wallenberg family in Sweden is to have the last name Wallenberg. So it's a sort of meritocracy, where your bloodline is your merit.

@SusCalvin Жыл бұрын

@@jfamo3552 They've been going for six generations with their system of foundations. No single part of the family can break it all up or break out a part. They're all bound to it, if they want to live off it.

@leetsui Жыл бұрын

Higher iq people are also more often more self aware and more consciousness. They use their slightly higher intelligence to figure out that life is more than being rich and pivot alot of their energy to becoming more secure in themselves, stop chasing power and status and learn to find meaning through more healthy pursuits. That happened to me and personally I'm relatively wealthy compared to many of my richer friends, however I'm maybe the most mentally healthy.. I find that across most of my friends

@jackjack4412 Жыл бұрын

What is your net worth and age?

@-pg6767 Жыл бұрын

Sounds like you figured out some mind tricks where you can tell yourself you’re ultra smart, ultra self aware, ultra conscientious, and that’s why it’s lucky you’re not truly successful. I can tell you have a job that pays pretty well, and now you’re unwilling to take the risks to switch into something with the potential to put you in the top 1%. So now you tell yourself that those people are actually the dumb ones who are sacrificing for unimportant things, where as you’ve got it all figured out. You’re in the smart but took the guaranteed low risk paycheck camp. The highest level requires being very intelligent yet with the balls to not settle into the easy academic then high paid job route, and instead struggling with different businesses until something clicks and you can unlock an absurd multiplier on the hours worked to income ratio. If you’re smart enough to earn 200k a year salary from a job, and start taking that, it becomes very hard to earn 0 (more likely lose money) for a few years whilst creating a highly scalable business. But until you have 10-20m you‘ll never have complete, true freedom. So that’s the price you’ll pay :)

@cynthiaholland13 Жыл бұрын

Absolutely this.

@sambo669 Жыл бұрын

@@jackjack4412 lol I think you missed the point

@honkhonk8009 Жыл бұрын

Bro you are not "high iq". Thats a genetic thing you realize that right?

@vavord5181 5 ай бұрын

I can't express, how well-put, comprehensive and good this video is. EXCITING!

@nilavakar8068 Жыл бұрын

You can always become good at something by killing the part of your ego which thinks that it knows something about the subject.. start thinking from the basics all over again

@ishika.sachdeva 2 ай бұрын

100% agreed.

@skaownz234 Жыл бұрын

I studied physics in college and work as a software engineer. This video is true. I could go start businesses left and right and make 10x as much but at an opportunity cost of ~200k/year. Unless this business could make me 10M+, staying put has a better expectation value. I already have a fulfilling life lol

@juliusapriadi Жыл бұрын

How you get to such a high required business value? If you'd choose the most promising of those alleged business ideas, keep your job until you get funding and proof of concept, you might get a 10% success chance. Then 2M+ would just be enough.

@MattGarcyaDC 11 ай бұрын

Overly confident

@jackwilson8700 9 ай бұрын

Arrogant outlook

@williamseipp9691 9 ай бұрын

@@Videos-xn6ssif 200k is "scraps" then what kind of money are you making?! 😮

@snorttroll4379 9 ай бұрын

Nope. You do not have the balls and ability to delegate

@tedbendixson Жыл бұрын

I always figured very smart people would be less likely to go into business for themselves because they recognize that most products and services in the economy are total bullshit, and they don't want to be caught dead selling them. Would a very smart person want to run a cosmetics company or be a fitness influencer? No, but a Kardashian sure would. To be very financially successful, you need to have the same tastes as your totally ordinary customers, and that means you need to be ordinary in some ways. If you see past all of the bullshit, you won't want to create more of it. Instead, once you have enough money, you will run far far away from it.

@trinat347 Жыл бұрын

I'll have to disagree. In any aspect they are less likely to take any high risk.

@nassernathan 11 ай бұрын

No it's not about that I disagree their nis no person who knows every product

@LorenzoCucurachi 7 ай бұрын

I don't regret not doing a PhD (because you get paid nothing compared to what you're producing) and not doing a masters degree. I got a Bachelor in ECE and went into software engineering quicker than my national counterparts (I moved to the UK from Italy) and now I'm earning good money and I can see the career progression is quite good if I apply myself as I have done so far. I want to be a business owner but I'm definitely lacking capital and risk is rewarding but scary, definitely will look into this when I'm in a better position. As far as making top money, it doesn't really matter, as long as you're happy and earn well you'll be better off than being stressed in other work/business situations.

@yojanacast 9 ай бұрын

My brother is highly intelligent but he couldn’t finish his university in Peru since we had to come to America! His only set back was language and now he is a business owner and we have only been here in America for 14 years. I’m so proud! 😊

@ziksy6460 Жыл бұрын

For some reason, most of the class clowns from my high school ended up studying accounting and finance, and now working in the finance industry. A couple of them work in consulting companies. It's all about confidence.

@djm2189 Жыл бұрын

Omg i was the class clown! Did STEM but my soft skills of speaking to people, managing work/expectations, and being able to translate requirements into agile stories led me to where I'm at. I'm 28 and earn $112k+ so far. Youngest, teammates are all 45+.

@katar9090 Жыл бұрын

@@djm2189 what is an "agile story"?

@djm2189 Жыл бұрын

@@katar9090 agile is a methodology like waterfall for projects. Stories are bite sized requirements we give to a developer. So I translate requirements from the business into agile scrumban stories that a developer works on. Then after a 2 week sprint we present to the business and ensure we are on the right path. Also do analysis on how many story points we can handle per sprint.

@HoshPak Жыл бұрын

@@katar9090 it comes from agile management which has its origin in software development. Scrum is one very popular tool to utilize it.

@mirabella2154 Жыл бұрын

So what?

@adamkreuz9068 Жыл бұрын

The top 1% is not full of influencers, it is full of people from already wealthy families

@blink-my2955 Жыл бұрын

It’s a mix of that I believe. In order to make that much you have to abandon your ethics at least in America.

@th3azscorpio Жыл бұрын

@@blink-my2955 No you don't. The millionaire Ive met were pretty decent, and humble people. Then again, they were also self made.

@wizardofahhhhhhz Жыл бұрын

Not Oprah and Jay-Z

@blink-my2955 Жыл бұрын

@@th3azscorpio The millionaires you met may be decent people for example investors or small business owners but, there also a lot of small businesses that get their resources in sketchy ways. That fact is even more true the richer you are so it isn’t really about personality. Don’t even get me started on corpos

@th3azscorpio Жыл бұрын

@@blink-my2955 All of what you've stated is completely arbitrary, irrelevant to the point, and cant be quantified. Most businesses owners do not acquire their income via sketchy ways. Largely because their under higher scrutiny under the IRS, and the likely chances of being audited. The richer you are, personality is very much important. Especially for those self made. Without a good personality, its going to be quite difficult to network, develop good customer and employee relations, and sell whatever goods you have. Small business and corporations are not nearly even comparable. Perhaps lets get some actual life experience, and actually meet said rich people, and not try to base our perceptions around things we read on pro socialist leaning Twitter threads.

@rafsandomierz5313 Жыл бұрын

I'm average and still struggle with finding an job, it kinda depends on what kind of decisions you make and how your relationships are, the less relationships you have it becomes harder to be anything. But even relationships mean nothing if you do combo of bad decisions that do not benefit you personally. My cousin is smart and works as engineer, makes enough money to fund a trip for whole family and had wedding last year, because he stayed committed to studying. So it all comes down to making decisions that benefit you, if you do decisions that have minimal benefits that aren't enough to sustain you or if you do bad decisions that do not benefit you at all you ain't going to have stable income nor you will be rich. 😂

@krane15 Жыл бұрын

There's also dumb luck an having connections.

@Articulate99 11 ай бұрын

Always interesting, thank you.

@lelele1408 Жыл бұрын

Even though you're differentiating between Professionals and Business owners, the principles apply even INSIDE of professional fields. The extremely high paid Doctors, Bankers and lawyers are all a lot more charismatic than intelligent, because at a certain point you have to "create" demand in these fields, aka manipulating or convincing people to buy your product/come to your clinic instead of the other ones

@roythousand13 Жыл бұрын

You get it!

@OgdenM Жыл бұрын

Very true. I am for sure not one of the most intelligent people in the world. I can't even finish an IQ test because I think they are the stupidest way ever to judge intelligence. But, I know a few things very very deeply from lived experience. Deep self directed research etc. I could probably leverage these things to make a ton of money. But, I utterly abhor the sales tactics required to get people to even listen to me. .. Which sucks because some of these things are life changing. Like being able to manage allergies, pain etc with very very simple stress management techniques.

@silverchairsg Жыл бұрын

My hypothesis is that smart people overthink things and second guess/overintellectualize too much, while the dumb people in question simply just do it and don't overthink too much. Some things can only be learnt though doing, like driving, riding a bike, learning to cook etc.

@The-Dirty-Straw 8 ай бұрын

I was expecting this to be usual short thought clickbait, but it's very well thought, validated some of my hunches, and made me think as well. Awesome!

@roselynewanjiru6893 11 ай бұрын

We praised IQ for so long, we didn't nurture EQ. Emotional intelligence is the key to building relationships, handling challenges, transitions, social politics and other stuff it takes to get ahead in life. It's okay to be an academic, a 9-5er, an entrepreneur or whatever else someone pursues to contribute value to society.

@NotMuchThanks Жыл бұрын

I think I'm blessed because I get to be dumb AND broke.

@purpl3grape Жыл бұрын

Worst combo in life would be like: Dumb + broke + paraplegic + aids + cancer + Fibromyalgia + Old + Ugly + Born in 3rd world + no family * Paraplegic, not quadriplegic cuz the upper body must have working nerves to feel that Fibromyalgia, in order to qualify.

@djm2189 Жыл бұрын

😅😅😅

@theintrovertedaspie9095 Жыл бұрын

@@djm2189 Thats not funny. I think he's serious.

@djm2189 Жыл бұрын

@@theintrovertedaspie9095 😅😅😅

@MyVanir Жыл бұрын

@@theintrovertedaspie9095 😅😅😅

@Stefi747 Жыл бұрын

You're seriously one of the most balanced, down to earth finance channels on KZfaq today. Excellent work!

@HowMoneyWorks Жыл бұрын

Wow, thank you!

@goofygrandlouis6296 Жыл бұрын

@@HowMoneyWorks I have a feeling you like the Kardashians.. very much. 🤣

@YourPalHDee Жыл бұрын

So true. No polarising nonsense, just factual info.

@chicachuqueen 11 ай бұрын

This is something I released while I was in school and when I started to join the work force, I would work my ass off 50x because of my mental disorders and I still would get looked down on despite all the work and all the physical health risks I took it was a devastating discovery for me because I was told my whole life that if I was I worked hard and do good I would be successful and I would be able to live a good comfortable life but that was a dirty lie. I did try to go to college liked I dreamed but the disability program was useless they had no idea what they were doing. We need to rearrange the system where everyone is fully financially covered no matter what job and give more credit to the smart ones and start helping those who want to be successful.

@jake9854 2 ай бұрын

but g1rls love to be poor n not recognize for the hard work tho

@osarodionobayiuwana7788 4 ай бұрын

I'm a strategy and transactions consultant, and I must say this is incredible analysis! Big ups!!!!

@deoarlo Жыл бұрын

What I love about this channel is that not only is the videos highly resourceful, the comments are filled with people with even more resources. Reading the comments is like watching a second equally useful video.

@mujjuman Жыл бұрын

i agree

@AmeSo85 Жыл бұрын

Yes..and all smart people too😀

@claracigan235 Жыл бұрын

SO TRUE!!!

@mrmacross Жыл бұрын

The med school fail/dropout comment hits too close to home. Luckily I have a stable career that pays decently well, but 12 years after leaving school I'm still paying off loans with tens of thousands left to pay off. Financially, it was by far the worst decision I ever and I'd have to make some really terrible decisions for that med school detour to fall to second.

@Christopher-side_dude-Murican 8 ай бұрын

Dam how much where your loans, undergrad and med school? and how far did you go (how many years or units did you have left to complete)?

@stephen5070 9 ай бұрын

Work smart and hard while having time management skills makes a job more bearable.Yeah I know it takes up a lot energy and effort, sometimes it’s worth it. You gotta look at the big picture and find where you belong.

@Pennington0Justin 9 ай бұрын

Was working towards getting my PhD in biochemistry and researching extending human life span but the financial stress I was under was too much and I was burning out. Now I manage a chain of gas stations and should be able to retire early and go back to research in my later years.

@reign0ffire88 Жыл бұрын

I'm an Optometrist with almost 20 years experience, and would suggest avoiding any profession that deals with insurance. Some insurers have paid me the same rates since 2005 and through inflation my services were more valuable back in '05 than today. My friend who runs a plumbing company dwarfs my income because he can constantly keep charging market rates. Life is still pretty good & could have turned out a lot worse.

@MattGarcyaDC 11 ай бұрын

Interesting. My job is to do google ads for optometrist and insurance is such a big constraint for growth.

@pastorofmuppets9346 11 ай бұрын

Plumbing is Plumbing tho. I wouldnt do that for a million per month

@the_expidition427 11 ай бұрын

There is a load full of irony between that statement and the profile picture

@biggbluh 9 ай бұрын

I remember how the Insurer chosen by my employer... had a list of about 250+ Practices... were they absolutely refused to process any claims from! I was flabbergasted! That's when I realized why Insurance companies are worth so much... and coveted by Investors: They're the legal MOB of the medical practitioners!!

@meharihabtemariam3035 4 ай бұрын

@@pastorofmuppets9346why?

@armorbearer9702 Жыл бұрын

Perhaps smart people realize being at the top 1% is not worth the sacrifices.

@southcoastinventors6583 Жыл бұрын

So smart = lazy in the same way Big Bang + Time = Entropy

@TheJRZAble Жыл бұрын

Bingo!

@geordirendum583 Жыл бұрын

Or the risk

@SusCalvin Жыл бұрын

It's not like the middle class/upper middle class have the same class interests as the upper class.

@gabbar51ngh Жыл бұрын

That statement also justifies the 1% deserving it's wealth for taking the risk and making sacrifices.

@PPHDocumentaries 8 ай бұрын

Other factors is that some people who are not all that intelligent are born whith some sought of natural talent that can be leveraged to make lots of money like athletes, actors, actresses etc... Theirs also people who are not that intelligent who won the looks lottery and became models.

@henrycarlson7514 8 ай бұрын

Interesting , Thank You.

@branimirnikolic4559 Жыл бұрын

it's not about smarts it's about guts. in human society, the one who has the audacity or privileged advantages to do something risky and highly profitable has always had the greatest influence and earnings.

@darkseid2021 Жыл бұрын

Yup, that's my takeaway from this: - Smart people who make good, steady money are less likely to take risks. They fear for their reputation or family more than they should, which is being responsible. - Dumb people are more apt to take risks simply by virtue of who they are; they don't know they're "dumb", and they have a lot less to lose. If things don't work out for them, they just dust themselves off and try again.

@-pg6767 Жыл бұрын

@@darkseid2021 Except dumb people very very rarely get to the top 0.1% unless they’re the ultra outlier KZfaqr or got extremely lucky. What’s far more likely, is someone who’s very smart yet doesn’t go the academic then high paid job route, and instead struggles with different businesses until something clicks and they can unlock an absurd multiplier on their hours worked to income ratio. If you’re smart enough to earn 200k a year salary from a job, and start taking that, it becomes very hard to earn 0 (more likely lose money) for a few years whilst creating a scalable business.

@evilds3261 Жыл бұрын

So, if we all had the guts to risk starvation to collectively stay put and refuse to contribute to the economy until demands are met, then we would all be more successful than if we did not all stop contributing to profit margins and productivity to make demands?

@vylbird8014 Жыл бұрын

@@evilds3261 I think he was trying to argue that risk-taking is a privilege. If you don't have absolute financial security, you're going to have to commit to regular employment - because without that income, you're going to lose your home and and up in poverty. You can't invest in starting your own business, or spend years of your life making no income at all in higher education. But if you're from a background of wealth? Sure, you can do that. You've got savings to fall back on, and in the worst case the Bank of Mum and Dad will bail you out. Yes, you might lose the gamble - but doing so won't be catastrophic, so you can afford to try and perhaps make it to the big leagues when your company becomes a huge success.

@faisal5367 9 ай бұрын

what a dumb take

@IronWilliam Жыл бұрын

I'm surprised lotteries weren't mentioned at all in this. Buying a lottery ticket has an expected negative value - that's how the lottery works. But we still have a small minority of people who win the lottery. Everyone in that group of winners is someone who was willing to spend money on something with a bad risk-reward ratio, but that doesn't mean none of them won. People highly willing to take risks are going to naturally filter to the extreme ends of the scale. Or just be born rich enough you can keep taking risks until you win, that works better.

@johanneswerner7649 Жыл бұрын

It takes the average lottery winner less than 5 years to waste all the lottery money.

@fiddlepants5947 Жыл бұрын

Yep, exactly. So the main takeaway of this video is that the smartest people probably DO still make the most money but only AFTER you take into account the STEEP survivorship bias in the data. It's just like gun violence statistical bias. They never want to show you how many conflicts were avoided by brandishing a firearm... Just how many total deaths there were.

@SusCalvin Жыл бұрын

@@johanneswerner7649 One thing keeping the swedish Wallenberg family fortune intact is the limits placed on the family. No single member of the family can decide to suddenly dismantle the thing. They are bound to it, in a way.

@natures_wisdom Жыл бұрын

Most lottery winners blow everything quickly. They need to be smart to keep that money

@the_expidition427 11 ай бұрын

Pin this

@jadeltrickery 9 ай бұрын

I'm dying at the very short clip of Spencer from Smosh as Evil Peter Parker shooting at himself with the web shooter at <a href="#" class="seekto" data-time="78">1:18</a>

@zyno4431 9 ай бұрын

Damn, soundtrack was blasting so hard at the beginning I had to check if my spotify was open. Wasnt sure if I was here to rave or learn so I did both

@dokusha519 Жыл бұрын

What I think makes dumber people richer is, being charismatic, lucky, and being bold to take risks. All about being assertive, also to note that, of course, without luck, that risk can turn out bad.

@tcioaca Жыл бұрын

Damn, this hits home. Academics, researchers and other similar career people undergo a lifestyle where sacrificing many years of one’s youth and being disciplined in order to acquire the knowledge needed to do well is paramount. Then, oddly enough, it seems that the supply vs demand equation is really not going to reward their sacrifices. These people are, usually, condemned to a life of mediocre material rewards, most nowadays not even being able to own their own home or start a family.

@MRFLOPPYmr Жыл бұрын

Academics is just a perfect example of how to exploit peoples need for status and prestige for profits...

@roastbeefy0weefy Жыл бұрын

When Confucius said, "A scholar sets his heart on the Way; if he is ashamed of his shabby clothes and coarse food, he is not worth listening to," I felt that.

@Anna_Yasmin 11 ай бұрын

For them, this work is partly a hobby, partly an addiction. So financially it's not the best choice, but they just like to live that way.

@FOO3Y 2 ай бұрын

Wasnt ready for the deep drum and bass on this one 😮

@robobop3721 3 ай бұрын

I've known a few very rich people, and I noticed that they were all business owners, not that smart but almost obsessively locked into their business goals in a strangely simplistic but not stupid way, could talk for hours about money and investments etc so there is a level of research/passion, and most had some connections that helped them (e.g. get good deals with suppliers) though they definitely put the work in.

@joemacleod-iredale2888 Жыл бұрын

As someone who has moved into academia from running a fairly successful business I now earn less, but my metric for being a successful person has changed from financial to intellectual achievements (as long as I can support my family comfortably).

@oooouaa 9 ай бұрын

this may be true that your metric has changed, but it could also be that it "changed" because you couldn't bear running a business and now cope with justifying yourself telling "oh my metric just changed".

@joemacleod-iredale2888 9 ай бұрын

@@oooouaa I can see how it might look like that, but that is genuinely not how it feels. The imminent thought of 'Dr' on my passport honestly means more to me than driving something really fancy (though this is within the context of continuing financial security).

@Yashraj100x 15 күн бұрын

@@oooouaa exactly, seems like a coping mechanism

@paulwoida8249 Жыл бұрын

Connections, more than "luck", will get you farther. If someone knows what you are truly capable of doing and are willing to help you, you can be introduced to people who need someone with your abilities. The person doing the introduction can give the other person a background on you emphasizing your strengths for the job and the other person will be open to meeting you because of their relationship with the first person.

@vylbird8014 Жыл бұрын

That's why wealthy parents will pay such huge amounts to get their kids into an exclusive school. It's where those connections are formed.

@AndrewReginald 6 ай бұрын

Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Mylah Evander the lady you recommended.....

@AndrewReginald 6 ай бұрын

That woman totally changed my life for good. I have come across individuals but none is as honest as Mylah. So surprised you know her too.

@AndrewReginald 6 ай бұрын

SHE'S MOSTLY ON TELEGAMS WITH THE ABOVE NAME!!!

@44godson 7 ай бұрын

The greatest information I heard was that, the wisest person admits he knows nothing.

@lilchaparro9126 Жыл бұрын

In high school I received the worst grades compared to my peers. I was probably the lower 20% in 12th grade. I joined the military when I was 19, served for 8 years and learned that I didn’t need to be smart, I needed to be ambitious. I buckled hard and 8 years later I’m cracking 130k per year. Compared to my peers today, I make 30 - 40k more. It’s ambition and goals setting.

@mezzora Жыл бұрын

I would argue its commitment and grit. commit to a plan/job/study and have the grit to see it through

@milan51259 Жыл бұрын

Yep. In high school I was the only one who didn't finish it. I was however on the final picture. 3 years later I made it. Afterwards I studied and failed becoming a teacher for history and philosophy. Few years forward I'm specialist in Crypto and the only multimillionaire. And no, I have never scammed anyone. It's possible because of constant improvement. Average guy just stops learning and never shifts completely his mindset. I did. Average guy is not suitable to watch 12-16 (!) hours onto market charts and take on massive risk. His psyche isn't made for it. Average people also love to overestimate themselves, especially if they have a degree. They think they are badly intelligent like a friend of mine (MSc computer science). They told him that their technical university is elite, so they can promote themselves and he really believes it. But if you are elite, how come you work only for a bank and I am the rich guy??? His mindset isn't elite, it is mediocre. Per definition a mediocre mindset cannot achive top 1%. Only the hated, different mindset of a top 1% man can become self-made rich. The skillset for becoming rich hasn't much to do with college degrees. A degree you need to prove somebody like me, that you have a certain understanding of the topic. Not more.

@uglaegilsdottir Жыл бұрын

That's because America experienced growth since 1991. The Soviet Union collapsed, and didn't experience growth. Therefore, I can't make $130k.

@jacqueslee2592 Жыл бұрын

In the US there is a lot of skepticism towards college education and career vocation training because there are too many people in high positions who achieved those without them and too many KZfaqrs showing off that they are earning six figure salaries with no education or training. I always get that kind of conversation from those kind of people who are high earners without degrees making fun of the college educated. One reason is because they started working at a younger age and built a better network and got into those positions because they have more years in the company as a result of starting early and being promoted after someone left, retired, or got promoted. I personally made the mistake of going to college and putting off full time employment during my prime years which put me behind from those peers who have more years of work experience which is more valuable than education.

@milan51259 Жыл бұрын

@@jacqueslee2592 Same here. Resorted to Crypto speculation et voila. No traditional career needed anymore. A friend just asked me if I plan to finish my degree => no. There isn't any need to prove to anybody else that I'd be "good enough". Degree is only for future employer. But when there is no employer, then degree is useless.

@jon6309 Жыл бұрын

Apathy was my answer and I learned to get more bang for my life. One thing my professor taught me was that employers will always pay you less than your worth in order to remain profitable. Hence no matter who you work for you will always be paid less than your worth hence will never be rich. Moderation has always been the key to success. Knowing when enough is enough instead of trying to maximize every single decision is how you get ahead. Also there is a difference between being smart and being wise. I think wise people are likely to be rich compared to smart people who go by the books.

@rayes119 9 ай бұрын

<a href="#" class="seekto" data-time="611">10:11</a> this part is really accurate and a lot of people need to hear this

@DeadDancers 20 күн бұрын

That makes total sense. At a certain point, being too stupid to recognise your own lack of capability or knowledge causes a sense of confidence that tends to trade well when seeking socially-decided position.

@richardlazarus1738 Жыл бұрын

This explains all those business owners we met that made us wonder how they were able to stay in business for so long.

@honkhonk8009 Жыл бұрын

Thats cus smart people overthink shit lol. I learnt that the hard way. Like bro. Were all human. We make fuckups and we act like amateurs. Just wing shit and deal with the shitstorm as it comes. Thats just life. People who think their smart, are usually just overthinkers.

@jessp8238 11 ай бұрын

@@honkhonk8009Not so, smart people might overthink more often which leads to analysis paralysis. Has more to do with cognition than intelligence.

@Stormgnome Жыл бұрын

As a Swede who has done this test three times, I know the test involves reading comprehension, logical reasoning with a bit of science and spatial recognition (folding and turning boxes/figures). General cognitive ability.

@SusCalvin Жыл бұрын

If they're using the older tests, they would cover a huge amount of conscripts.

@jawvees2585 10 ай бұрын

Perspective changer 🙌🏾🥀

@vdcg2010 8 ай бұрын

This reminds me of an article I read a while back on “Why the laziest, incompetent and problematic workers get promoted to the supervisory and managerial positions” it’s basically the same type of people

@djbemail77 Жыл бұрын

There's one trait that matters more when it comes to income. The ability to influence people. No matter if it's your employer, your fans, your customers, etc. If you can persuade people to give you money..... presto!! You're rich!

@BillionairesArentYourFriends 7 ай бұрын

Tried and true method throughout all of history. It can only go right if you're fine with being morally wrong. Human survival? Perhaps.

@joanmaitre2579 Жыл бұрын

There are smart people who have no intention of earning money but rather live a more passionate, purposeful life which is a disadvantage because you are passionate on something and can't make a living out of it. Earning a lot of money is really based on luck and deceit. You have to step on other people to go to a higher level in the hierarchy.

@SusCalvin Жыл бұрын

It's harder when the upper class is in a position to change national policy more than others.

@evilds3261 Жыл бұрын

Or, better yet, refuse to create more people so that you have fewer expenses overall and fewer responsibilities to undertake. If enough people do this, then corporations will not be able to afford to be picky and will have to invest in the citizens or else the citizens will cease to continue investing in them.

@honkhonk8009 Жыл бұрын

@@evilds3261 So do you support closing our borders and shutting down immigration?

@NYs9thwonder 10 ай бұрын

It is because, to be successful is not about what you know, but who you know. This implies social capacity versus cognitive function.

@qwertyzxaszc6323 9 ай бұрын

This is great news! I will now sit back and wait for all the money to roll in...

@FlyMarabu Жыл бұрын

I love how Logan Paul was in the intro when you talked about "dumb" people.

@rumplstiltztinkerstein Жыл бұрын

It would be weird if he was NOT in the intro.

@Adiuveau Жыл бұрын

@@rumplstiltztinkerstein I'm not a fan of him but in this video kzfaq.info/get/bejne/b6pxlc5yr-C5k40.html he scores 122 on an IQ test which is well above average.

@ChrisJohnson-yw2ky Жыл бұрын

@@Adiuveaui have an IQ of 120 and based on my dealings with most people, I am well above average. I believe the world average is 90-100. I have to assume that even the dumbest content creators only act that way because they know what appeals to the majority of society.

@adamhercik581 Жыл бұрын

He isn't dumb though. He just pretends to be so that people call him dumb instead of malicious.

@rumplstiltztinkerstein Жыл бұрын

@@adamhercik581 he is a youtube scammer. Of course he is dumb. People that praise him are the ones who give him money whenever he pitches another of his crypto scams.

@chazjohnson9372 Жыл бұрын

You don’t need to be smart to become rich, just be good with people, communication skills is key!

@robcubed9557 Жыл бұрын

Being good with people and having communication skills requires intelligence. An analogy I use is that intelligence is like strength, there are different measurements of strength. Some people have a good bench press but a lousy squat and some people have a good squat but a crappy benchpress. Likewise there are different areas of intelligence.

@SusCalvin Жыл бұрын

@@robcubed9557 The Wallenberg family communicates inside the Wallenberg family. Mostly that they should elect another Wallenberg to chair their different foundations. Swedish upper class folks aren't showoffs the same way. Most of them prefer their privacy. They don't clown around on social media.

@gabbar51ngh Жыл бұрын

To be fair that requires intelligence of it's own. The video assumes rote learning is the only kind of intelligence out there. It's extremely narrow and flawed perspective. The videos on this channel brings interesting topics but get lost in the way to push a political viewpoint.

@ahmedyarkhan5169 Жыл бұрын

any tips on where can i enhance my communication skills?

@chazjohnson9372 Жыл бұрын

@@ahmedyarkhan5169 Public Speaking classes, you’re welcome!

@ConfortinDEADHORSE Жыл бұрын

Nice video. Side note: -money symbolizes material value, time and other precious things. "People" will only give you money if they believe you can provide them a usefull service. Then, you either sell them a product or service (food, electronics, health, necessary assistance in case courts, etc) you convince them values their money... or, in even broader terms, you convince them you're the most adequate political leader to defend their interests, thus deserving a position and salary, and so on. That's one premisse. The other premisse is that people, by not being very smart, do not know how to precisely define what kind of product or service suits their real need, their priorities, being very common making poor judgments or even not being able to correctly asses that. And there comes the conclusion: extremely smart and useful people generally "sell", honestly (in general, by limiting the price to the real demand and interest), their skill, so that a person in need pays you for that, wether you're a liberal professional or employer. An enterpreneur (portrayed in the video by someone ambitious and generally not as intelligente as the previous class), explores to the most extreme possible limit the needs of people. Either by putting in the market a product or service that becomes a need, or by captivating or creating a tendency... or, most common, canalizes that need or group of needs in a way that people pay more than the required money the thing values. For instance, in a typical health need, the first group would conclude "well then I will become a doctor", and the second would prefer to open a hospital or a med school or health insurance plan or build medical machines...

@MadsterV Жыл бұрын

Video is on point. Wish more commenters paid attention to it. Yes, luck is definitely a thing, but many people get lucky and squander their luck. Many people are born into wealth and drive it into the ground, too (either way, family wealth rarely survives 3 generations). Hard work though, if it's missing, you're sure to fail.

@HonestGraduate Жыл бұрын

Many factors to consider outside of cognitive ability to generate wealth: emotional intelligence, charisma, social connections, resources, risk tolerance, and early adoption of new and sustainable technology.

@jameswolf2464 Жыл бұрын

Smart people earn well, not great. The reason they earn well is due to the demand in their field and the scarcity in finding qualified candidates. But even smart people jobs are not safe from corporate greed and overtaxation. If you want to earn well, do a smart white collar job. If you want to earn amazing, then you need to make it your priority to chase the money...even if that does not benefit society in any way, shape or form. White collar work is cool. Chasing the money is a different world altogether.

@the_tax_consultant Ай бұрын

Ugh, I know the feeling. I have a corporate client worth A$300m - I was at a meeting with the C-levels to discuss the business’s previous year tax summary and future tax outlook. The C-levels were all the main shareholder’s nepo babies who didn’t really seem to understand what the meeting was about, and the main shareholder / CEO themself kept butting in our presentation and asking the most irrelevant questions and walked out of the room not really grasping what we came in to say despite us dumbing it down as much as we could… Oh well, at least they pay our fees without much need for a tussle. 😅

@NicoKupfer Жыл бұрын

Something not mentioned: Highest-income earners might be "dumber", but intelligent people have higher salaries -- on *average* . So the chances of earning more than X is always (again, on average,) higher for intelligent people.

@spiderduckpig 9 ай бұрын

Yes, intelligent people will still make more on average, but once you get into the most wealthy people, luck and to a lesser extent social skills becomes the most important factor.

@NicoKupfer 9 ай бұрын

@@spiderduckpig yup, exactly what I said :) Thanks

@louisazraels7072 Жыл бұрын

I've always thought that the upper middle class was where very intelligent people where the most represented, for one it includes most engineers but also most niche extremely specialized professions.

@SusCalvin Жыл бұрын

@@Fishmans Sweden's Wallenberg family is an extreme example in how to keep a family company going. They're in their sixth generation right now. They're sort of... Separated from their own wealth, and bound to it. No individual Wallenberg heir can decide to just start selling off bits and breaking it up. Otherwise, family businesses don't seem to survive forever. Most of the oldest I've seen have been three generations.

@djm2189 Жыл бұрын

Hoping to break into the upper middle soon. 28, engineer, earn $112k+. I know I'll continue to move up. As a poor kid, remember the moment I hit 100k at 26! Nearly cried 🥳

@irtwiaos Жыл бұрын

For it it boils down to intelligent people's perpencity to overthink things inhibiting their risk taking tolerance.

@alexanderlyon Жыл бұрын

This is great, as always. I've heard that people with Math Master's degrees earn more than those with Math PhDs for similar reasons pointed out in this video. The Ph.D.s have prestigious jobs, but people with MAs work in higher-paying industries.

@elosant2061 Жыл бұрын

True though math MAs are hardly "dumb"

@TheChees1996 Жыл бұрын

With a math degree you can work in either technology jobs or finance jobs.

@alexanderlyon Жыл бұрын

@@elosant2061 Yes, I agree. I doubt anybody who earns 1.4 million is really "dumb." But Math MAs are likely among the least dumb in the group! Ha.

@vylbird8014 Жыл бұрын

@@TheChees1996 And if you're one of the very best experts in the subject you can work in academia to advance the field while earning crap.

@spiderduckpig 9 ай бұрын

@@vylbird8014Yeah the ppl who go into math academia aren't looking for money.

@fairuzz5554 Жыл бұрын

You’re literally one of my top3 favorite KZfaqrs. I don’t know what I would do w/I your amazing videos. I just love how critical you are of basically everything especially given that you have an experience in the finance department.