Is there any correlation between IQ and wealth...

I imagine a lot of people fit this exact description.

Yes actually there is, people with high IQs generally accumulate modest wealth but are smart enough to know that ultimately time is more valuable so they tend to spend less time trying to make inordinate amounts of wealth.

Time is much less valuable when you're poor though. You spend most of it worrying about money and just generally suffering.

I will give you a story to think about

In ancient times there dwelt in the Greek city of Miletus a man called Thales. He was not wealthy, but his wisdom had won him the respect of his fellow citizens. People would often gather to hear him speak, and were struck by the truth of his words. There were some, however, who could not see beyond his worn clothes, and humble circumstances.

“ Why do you heed him?” they would say, “ he only questions the good of riches and worldly pleasures because he cannot get them. He is like the fox in the fable – he only calls the grapes sour because they hang way out of his reach.”

One year the weather was exceptionally favourable and the olive trees were laden with olives. The people of Miletus thronged to the owners of the olive presses, but to their amazement, they all met with the same reply.
“You must go to Thales if you want to press your olives; he arranged to hire my press last Winter, and carried it off at the beginning of Harvest time.”
It was soon discovered that every press in the region had been hired by Thales of Miletus. Either by chance, or through his knowledge of the stars, he had foreseen that there would be a great olive crop that year, and with the little money he possessed, had given deposits for the use of all the olive presses in Miletus and the neighbouring island of Chios. Everyone, whether they liked it or not, had to hire their press from Thales, and he let them out at whatever rate he chose.

“What a fortune Thales of Miletus must have gained!” people said to each other.
“A man could work his life long and not earn so much.”

Thales received their congratulations with a smile, and returned to his simple way of life. He had silenced his critics, and never again did anyone suggest that he cultivated virtue because he was too foolish to succeed in worldly affairs.

iq and personality trait conscientiousness account for 80% of the variance in personal income

/thread

That’s a nice little fictional story, but in reality nobody can actually predict markets.

No actually, time is priceless therefore it is equally valuable to everyone

OP your IQ means that you can recognise patterns and arrange squares in logical order, well done. Maybe on some job interview other high IQ people like yourself (confirmed IQ that is) will hand you a list of words and they'll ask you to pick the odd one out. But the fact that you're opening a thread with that question on a Ugandian turd polishing image board makes me think your IQ will never correlate with smart life decisions

If your free time needs to be spent on things that make you unhappy or depressed, then it has less value than time that you can spend enjoying life.

of course you can predict markets to a certain extent

last year in September I invested big in copper assuming trump will win and his announced infrastructure programs will drive copper prices up, it went up 40% since

of course there is always some uncertainty left but still you can predict "if x happens y will increase"

Yeah there's a correlation between wealth and intelligence. But it's not 1:1 derp.

Lol of course it is. Compare sub saharan africa (70 iq mean) to the west (100 iq mean). Then look at ashkenazi jews (115 iq mean). And Chinese (105 iq mean). How do those groups do, on average, econimically?
With your iq, you should be able to understand statistics (unlike some in this thread), and explain your own situation by the concept of outliers. Or you might have other psychological or physical problems.

Anyway with that iq just pick a non-retarded field of interest, git gud, and you will rise above the mean.

>assuming trump will
So you took a big gamble despite what all of the data showed at the time. That’s not a prediction, that’s called luck.

>Is there any correlation between IQ and wealth?

Yes, a strong one.

This, pretty much.

Beware fools like these people who think they know something, when they're so clearly in the wrong. Should tell you something about this place:

I already work in a non-retarded field, but like the other user pointed out, you need charisma and likability to become wealthy, which I lack due to my autism.

>stupid disciplined vs smart but lazy person.
I've always wondered about this, doesn't focusing your energy to make things happen imply intelligence? I mean, how stupid can you be if you succeed in life and how smart are you really if you are lazy and have gotten nowhere?

With that iq, you should be able to get wealthy staying indoors. Seems your problem is more of a self esteem thing. Coding, trading, being a merchant, writing, art, math should all be in the range of possible endeavours you could undertake and become very good at.

prices were at their lowest since the crash at that point I knew that even if I was wrong I could wait it out and even if it had taken a major dip i wouldn't lose more than 1-4% at most but the upsides were major

that's what the market is about reducing potential downsides and increasing potential upsides

wasn't even a trump supporter, I thought both of them are majorly retarded and since I'm from the EU I couldn't vote for neither

I am very good at what I do, but I will never be able to advance upward in my career because I can’t communicate well with people.

One thing I had to learn, is that mean- and low iq ppl tend to cope with being around someone smarter with downplaying the importance of intelligence (see this thread).
Intelligence/complex thought is the defining trait of humanity, however. By taking the battle to normie territory with things like "charisma", "likeability", "hard work", they seek to get a leg up on you.
That which is common, however, can by definition never be precious, and rare, needed, skills, are expensive. Just git gud at something and don't short sell yourself. Also lift.

What do you do lol? I don't know why someone would have any problems getting money if they're smart.

If you really believe that, or care about fitting in so much, study the subject of communication with ur autismo powers. In a few years you should be able to blend in. Remember that many of the greatest men didn't care about these things or just lived with them while they changed humanity for the better, though.
Nietzsche, Tesla, Jobs, Newton etc etc.

I’m basically a code monkey. I’ve never been able to get a better job, presumably due to my lack of communication skills.

I'm right, everyone else is wrong. Oh boy the fucking irony.

>fools like these people who think they know something

no but high iq gives you a better chance at having alot of wealth obviously

No, it’s impossible for me to learn those things. I also have severe social anxiety that can’t be cured. In fact the only reason I’m even able to hold down a job at all is because I can work remotely from home.

Hillary Clinton.

115iq at best. Sociopath so can disregard rules/scam normies to get to the top. Used by smarter ppl behind the scenes.

im thales m8

>t. pseudo-intellectual tard
You're not smart. Your obsession with IQ proves it. Such a good little goy you are, taking (((their))) tests as the absolute truth.

Why can't it be cured? And you can still trade/sell stuff/write/art from home. Internet gives you a wide range of possibilities.

The "IQ is a meme" folks are butthurt they have low scores and thus convince themselves it's not the most accurate measure of intellect concieved.

The corration of between IQ and wealth is there, but there's a third factor. The personality trait, conscientiousness plays a huge part in how successful a person will be. High IQ/low conscientiousness people have school reports like "very gifted, should apply himself more" and often turn out to be bitter underachievers, or marxist types. INTP too. Conscientious folk however, even with an average or only slightly above average IQ go far in life. The combination of both is who the real moneymakers are.

his active thetan level is at least 67. too many alien souls to ever be completely cured of social anxiety.

You realize that "code monkey" tells me next to nothing.

If communication skills are your problem there's plenty of things that you can do that add value without being the best at communication. Tbh I'm fairly sure that you're just using that as a crutch.

How has no body mentioned social class?
Yes there is a correlation b/w wealth and IQ.
Your parent's socio-economic status is the biggest influence/predictor of your socio-economic status. Now we know that IQ is increased by education, if your parents live in a good neighborhood then they send you to a good school, maybe even pay for tutors or specialists to help you overcome problems... the more likely you are to have a higher IQ, a lot of the patterns, the problem solving techniques tested in an IQ test are learned.

You also have a better chance, better social mobility, so even if you were dumb you have a better chance of getting a high paying job than a person with the same IQ from a lower socio-economic status.

Also there's the theory of "multiple-intelligences". Mozart obviously was a fucking genius, he had phenomenal capacity for memory too - able to visualize entire symphonies like a complete object in his head, but was a spendtrhift, terrible with money - always in debt to someone. Also if you're an autismo then you'll have it even worse than Mozart because you'll be good at a very narrow intellectual pursuit and shit or disinterested at all else.

Now this is partially offset by the theory of the "g-factor" which was a observation that people with high IQs did better ACROSS THE BOARD ("g" for general) than people with lower IQs. I reckon that checks out too, I've met quite a few "jack of all trades, master of none" types who were smart people, you could hear from the way they spoke and the way they solved problems in various mediums they were intelligent

I mean Kafka and Van Gogh would be considered genius artists, and probably had high-IQs but they died penniless.
Warren Buffett on the other hand was well into his 40's and didn't even know how to cook a meal for himself, not even how to turn on his stove, the only thing he knew was stocks.

TL;DR - the wealth of your parents has more of a influence on your wealth than IQ but also affects IQ

You can’t realistically make money doing any of those things.

>t. pseudo-intellectual tard
You're not smart. Your obsession with le jewish boogeyman proves it. Such a good little nazi you are, taking (((your))) delusions as the absolute truth.

Anxiety only exists if you believe in it.

Your description of high iq/low consientiousness matches me well. Im INTP too.

This is true but environment only plays a small part when compared to genetics. Over 500 genes with direct impact on IQ are known to exist today, with well over a thousand having correlations. Environment only plays a part in early childhood as far as all studies show

Your just doing it wrong.

Lol ok guy. Nobody makes money writing, selling art, coding, trading, wagecuckinf or hustling from home.

hahahhaha. le jewish boogeyman. that gets me every time.

It means I’m a programmer who works on menial tasks all day long. The only way to make any significant amount of money in this field is to be in a position where you tell other people what to do, which is something I’m incapable of.

>t. booty blasted jew

The reason a genetic line has old money or not ALSO has to do with iq, as over longer timespans wealth will statistically speaklng flow from dumb to smart people. But keep making excuses i guess.

I am basically wagecucking, but the other things are only possible for an incredibly tiny percent of people who happened to get lucky.

This is bs. Good programmers in the right field and with the right skillset make tons of money. Also, you can build your own things and market that with those skills.

I studied law but that degree got me nowhere near my goals.
Then I started two businesses with my brother. One is unprofitable (it barely breaks even) and one is profitable.
If I can give the second one another push I can sustain myself comfortably.
The extra money I earn will be used on a new business I plan to set up.

You have to create your own luck. And you can do that by trying it a lot.
Most people set up 0 businesses up in their life. Which gives them almost zero procent chance to make it.
But if you try it 10 times then surely one is bound to take off.

Yes and most of those people are above average smart. Also it's not really luck, it's perseverance as most succesful people have many failed projects behind them, but using your intelligence you can zoom in on profitable undertakings way faster than the average person.
You sound depressed.

>Environment only plays a part in early childhood as far as all studies show
Citation needed. I want to see how wide the spread is between children who are in a "good' educational environment and a 'bad' one.
It's tempting to think that poor people are genetically predisposed towards low IQs, but I think it's one of those things where it's a combination of nature AND nurture but also social status.

>The reason a genetic line has old money or not ALSO has to do with iq, as over longer timespans wealth will statistically speaklng flow from dumb to smart people
Ehhh that could be because old money derives it's worth from equity in old industries, when those industries are out maneuvered or disrupted their equity decreases. Unless you're in the German/Korean/Japanese system where families are directly involved in the management of family firms - free from the abstraction of boards and public shareholders demanding quarterly reports a family, with direct equity, has a greatest motivation and awareness of the need to adapt strategies to changing markets/technologies/environments

You could be the smartest kid in Harvard, never worked for the family firm, but if daddy's shares lose 80% of their value by the time you graduate then say goodbye to holidays in Saint Tropez

>But keep making excuses i guess.
What excuses? If anything I'm shooting myself in the foot

If a rich family derives its equity from old industries, how did they obtain those industries in the first place? By being 80 IQ shitters? Nop, by being, on the average, smarter than their contemporaries.
Also, dumb people who come into money by luck / exceptional talents that don't often move over to the next generation (such as singing voice) often lose their money within a couple of generations. OTH, rich families that lose everything (see Chinese during communism) often rebuild their wealth within a couple of generations.
I'm sure these things are measurable and scientifically provable/falsifiable but neither dumb nor smart people would like this knowledge to be commonly accepted (for different reasons, obv).

There's no shortage of smart people that aren't successful.

It's more of a combination of different factors.

Read 'Outliers' by Malcolm Gladwell. You don't have to be exceptionally smart, just smart enough. After ~110 IQ, its all about hard work, social skills, charisma and luck.

You need the proper mix between IQ and testosterone.

Testosterone helps you take risks and make major decisions, take control over your life. IQ by itself is pointless when not applied due to fears and insecurities.

this, that is why you insecure fuckers need to lift and eat healthily.

Oh yeah and Scott Adams said all you have to be is in the top 25% of two or more things. If you're only good at one thing you need to be in the top 3%.

Scott Adams is a mediocre artist and writer by his own admission, but one could say he's better than 3 out of 4 people in each of those things. Hence he's notable. Pretty simple.

Lol, I'm a better version of you.

IQ to what standard deviation?
Also IQ doesn't mean great things miraculously and randomly happens around you, you obviously have to make an effort. Make a plan. Follow through.

>If a rich family derives its equity from old industries, how did they obtain those industries in the first place? By being 80 IQ shitters? Nop, by being, on the average, smarter than their contemporaries.
OOOOOH, I misinterpreted your earlier post. Sorry about that.
i thought you were saying over time all families lose money because they become "dumber".
No, you're right - there would be a genetic predisposition to higher IQ's among the wealthy. Or at least I assume there is too.

That book has been debunked by the very people who's research Gladwell misinterpreted.

He's probably an example of G-factor

>And Chinese (105 iq mean)

Most chinese are absolutely dirtpoor, so your average bulletproof observation is straight up worthless

My formula is:

Low Ethical Quotient + Smart Work = Wealth

"Hard work" is the biggest sham on the planet. If you're willing to screw other people in a smart and unique way then you will be rich.

And you'll barely have to do any work.

It really is that simple.

Answer is very simple. It amazes me how people often overcomplicate everything and miss the big picture.

If you want to amass wealth you simply learn about money and how to make it. Educate yourself on MONEY.

Having high IQ just means you can pick up and learn things quickly. It is ludicrous to believe having high IQ means you will attain wealth. You can be incredibly smart and work as a scientist but it doesn't mean you will be wealthy.

I am 26 years old and I am a multimillionaire. I don't come from a rich family background or have a very high IQ. I just understood the basic concept that if I wanted to accumulate money, simply learn how to.

>It really is that simple.
No it's not.
Define "working smart" - I'm sure you'll find that catch-all, suggestive phrase reveals a world of complexity

maybe its hard for you to understand market/ consumers behaviour

In that case just do some math/ comp sci job with high pay and invest in startups with promising tech.

altcoin trading is retarded. For example Neo moons while their tech is shit, no one will use neo except handful of chinese firm that have to, but they will slowly migrate to ethereum network in the long term. But it mooned not because of its tech but because of market sentiment with the "chinese ethereum meme", government sponsored meme.

>Low Ethical Quotient + Smart Work = Wealth
>And you'll barely have to do any work.

I once had a friend who thought like that, but he's dumb as a rock. He took that idea too literally and interpreted it too simplistically. It's true that it's smart to have other people do work for you, but what makes those people want to work for you? If you act like a fucking douche, why would anyone want to work for you? Why would screwing other people over work in the long run? Eventually word gets around that you're an immoral asshole and no one wants to be associated with you, let alone work for you or do business with you. Successful people generally don't just jump to the top in a single bound. They still have to put in a lot of effort at some point.

lmao
>Veeky Forums
>everyone

>If you act like a fucking douche, why would anyone want to work for you? Why would screwing other people over work in the long run? Eventually word gets around that you're an immoral asshole and no one wants to be associated with you, let alone work for you or do business with you.
It took Steve Jobs years and tens of millions of his own money invested in two different startups to learn this lesson. And that was AFTER he was ousted from the company he was a founder and still major shareholder of.

Mike Ovitz is another example. Most powerful man in Hollywood, created the most powerful Agency in the country, ousted forced to work in venture capital - can never work in Hollywood again. And he didn't even rape anybody!

Machiavellianism seems like the easy way out, but it's a skillset unto it's self

There is a high correlation between IQ and wealth up to a certain point of diminishing returns so to say...

pretty sure success is 75% luck

hard work > IQ. It's an advantage to haven a high IQ but if you're lazy and/or socially retarded then it won't help you much.

>yourself

disgarded. l2english you dumb shit

This, and also it's about who you know, not what you know.

My friend is lazy as fuck, he spells most words how they sound e.g. using fort instead of thought. he had no grades in anything from school. One of his teachers actually took him and a bunch of other dumb dumb 15 year old anons and toured them around a local min wage factory and said to them "You could all work here anons if you're lucky enough"

His dad though works in construction and he got him a £30 an hour job driving diggers and dumper trucks etc. (he could easily ask for more).

He also worked in railway security at 17 (Because his grandad did that) all good money. Until he saw somebody BBQ themselves on the electrified tracks.

Connections > Intelligence > Hard Work

I think intel and hard work are interchangeable though since you gotta be smart enough to choose the right path and then figure out how to get there. Then you gotta work hard at it unless you were intelligent enough to pick an easy well paid job and lucky enough to get in.

It depends how you quantify smart vs stupid.

I was tested somewhere around ~135-140 a few years ago. I don't care much about IQ scoring but consider myself at least above average intelligence at any rate.

I have a brother-in-law, guy is a mouth-breather, typical blue collar redneck type of guy. Has no mind for math, politics, philosophy, etc. The sort of guy who spends his free time with a beer in his hand watching the sports channel.

He worked construction most of his life as a laborer, learned how to do almost everything, framing, roofing, drywall, painting, the basics of electrical/plumbing/concrete, etc. He wasn't really an expert at any one of those things but just accumulated knowledge in that field over ~15 years. Then around the age of 35-40 he started his own contracting company and became extremely successful. Within 3 years he had like 30+ employees all making him money; he hired people to cover all his own responsibilities (site foremen, project managers, etc.) and just stayed home collecting the profits. Now he's around 43-45 and basically retired, I mean he still owns his business but he does zero work, maybe 5 hours per month max.

If I had to guess I'd say he has a ~105 IQ at best and that I (and I'm sure many of you) are objectively more intelligent than this guy. Despite that he's now a multi-millionaire living in a nice big house with an inground swimming pool, owns a brand new truck and sports car, hot tub, new motorcycle, all kinds of toys.

Sometimes that's just life. You live, you grind away, you discover opportunities and take a few chances and more-or-less get lucky with something working out.

145 here. I am not rich. intelligence is a curse. being ruthless and treacherous makes you rich

Ya Scott Adams talks a lot about the "skill stack" where you don't have to be the best in something, but combining being slightly above average in a bunch of different things can give you a unique skill stack that makes you stand out.

Like he said he's a decent, but not exceptional at: art, business, communication, persuasion, etc. and in any one of those things he wouldn't have succeeded, but by combining them together it makes him somewhat unique since most other in any one of those fields probably doesn't have the same supporting skills that he has. It's a good point. It's like when someone has an unusual combination of degrees like Law + Biochem or something, it makes them uniquely suited to practice law in the biochem industry and thus easier to find a job there, versus someone who only has a Law degree.

>Now we know that IQ is increased by education
This is just not true, the whole point of IQ is it is a measure of intelligence independent of education or former knowledge. The only thing that influences your IQ is genetics. Take your commie bullshit to /leftypol/

I'm a high 130's low 140's. Pretty well off. I have resting dick face, I'm monotone, emotionless, and people hate me the moment they lay eyes on me. I'm built like a brick shit house though, so the fact I can physically work harder than most is likely the largest contributor to my success. It compensated for my shit personality anyway.

I'm also self employed, doing machine and fab work. I likely would have never made it if I decided to have a job somewhere.

I don't know, she got that joke at dinner waaay faster than any of the other rich pukes in the room. I agree her success is due to her viciousness though. I mean, that lady that got caught stealing kids from Haiti for sex trafficking did her 6 months in jail, and now she works for the Clintons again. They hired her back. Those people have absolutely zero conscience. I'd like to thank Kek for this timeline.

I'm not rich and am a disability neet. My IQ is somewhere in 160+ range according to neuropsych eval.

This year I started using my meager savings on stocks and crypto and apart from 3 of the 16 things I've put money, they all increased in value. The other 3 are stagnant but were expected to be as the events that will potentially make them profitable will be around Q1/Q2 next year.

I've increased my holdings by approximately 55%, but I attribute 25% of that to bitcoin simply mooning, which any retard could have bet for considering its psychological status as the intercoin trading currency and the inevitability of a rising cryptocurrency marketcap.

I started 2 months ago. I have 2/4 of my holdings spread out over cryptos who I have picked after researching their fundamental utility to the wider economy and the incentives people would have to use them, as well as potential competitors that can fill that utility.

I have mirrored the actions with my girlfriends money by her request.

1/4 is in undervalued stocks that will either go even or 50%+

1/4 is in a special yearly deposit tax deductible house savings accounts thingy that exists in my country.

I expect to be able to buy (or preferably build) a loan free house within 1.5-2 years while having used less than 30% of my crypto holdings.

I always thought it was much more difficult to speculate/"invest" in a semi-safe but high earnings potential manner than it turned out to be. To figure out what has good fundementals for success (low risk, moderate or high reward) or what is gambleshit (high risk high reward) was not as difficult as I thought but I understand how it would be for most people after having to analyze various products and markets. You need a certain degree of general intelligence to be able to quickly figure out what factors to look out for and what you need to figure out are there to avoid pitfalls, because it's very different for every different kind of product.

>I always thought it was much more difficult to speculate/"invest"
market conditions.

Which coins are you betting on? I wanna see if us high IQ lads see the extreme potential of ChainLink

Unless they have a specialized skill the highly intelligent never become super rich because they are usually risk averse.

IQ is actually highly correlated with wealth. Why do you think Jews, Whites and East-Asians have the richest countries? While niggers are in general poor as fuck.

The problem I see is that a lot of guys on this board are severely psychologically damaged, have low self-esteem, zero discipline and an entitlement complex.

With a high IQ you should be able to go into any field that suits your personality and become very successful. But it will be a lot of hard work and lots of bizraelis are frankly lazy fucks who will never amount to anything.

YUP THIS

Yup. IQ is overwhelmingly due to inheritance although environmental factors such as parasite load/poor nutrition in childhood can have a substantial detrimental effect as well.

But as you say the idea of "it's 100% environment/due to education" is pseudoscientific leftist nonsense.

With an IQ of 143 you're a bit higher than the sweet spot (115-130s) that is the range most successful people fall into. Beyond a certain level a very or super high IQ more often results in people who are better known for mental illness and not really doing anything spectacular with their lives.

My sense is that this is true. Although I'm sure that would be a popular opinion on this board given the disproportionately high number of NEET/introverted types who want to claim mental illness has been their downfall in life.

Jordan Peterson says:

(IQ) is an excellent predictor of academic performance, creativity, ability to abstract, processing speed, learning ability and general life success.

There are other traits that are important to general success, including conscientiousness, which is an excellent predictor of grades, managerial and administrative ability, and life outcomes, on the more conservative side.

It should also be noted that IQ is five or more times as powerful a predictor as even good personality trait predictors such as conscientiousness. The true relationship between grades, for example, and IQ might be as high as r = .50 or even .60 (accounting for 25-36% of the variance in grades). Conscientiousness, however, probably tops out at around r = .30, and is more typically reported as r = .25 (say, 5 to 9% of the variance in grades). There is nothing that will provide you with a bigger advantage in life than a high IQ. Nothing. To repeat it: NOTHING.

In fact, if you could choose to be born at the 95th percentile for wealth, or the 95th percentile for IQ, you would be more successful at age 40 as a consequence of the latter choice.

It might be objected that we cannot measure traits such as conscientiousness as well as we measure IQ, as we primarily rely on self or other-reports for the former. But no one has solved this problem. There are no "ability" tests for conscientiousness. I am speaking as someone who has tried to produce such tests for ten years, and failed (despite trying dozens of good ideas, with top students working on the problem). IQ is king. This is why academic psychologists almost never measure it.

Get a life, you have too much time on your hands user. go outside