Topic: No Correlation Between Academic Success and Financial Success (Read 570 times)

Well it is a very important point in life. Moreover, we are social creatures who will always need other people in our lives. So it is also important to have intelligence in mingling in society, being a humble person who will be liked more by other people. Being able to work together with other people is also the most important thing to have. Because in economic life leading to success we also need relationships. Which one day will make our business grow more rapidly. Of course, this connection or relationship must be obtained by being good at socializing and entering areas or communities or whatever it is that we can use as colleagues and acquaintances. Building relationships between people is what is sometimes forgotten by some selfish people who only care about themselves. Even though we wouldn't be anything without other people. I like your opinion friend on this matter.

Your IQ matters, actually. Even the educational background still kind of matters. The issue is that the A students mostly forgets that it’s not just about the papers/certificate; there’s more to life. If they were to consider this before they completed their education, coming out, they should be at high places. However, sometimes some of them try to venture into the real world and learn about how it operates before it’s time. So, I’ll say that it’s the person who has been taking risk, venturing “into unchattered territories”, etc that will be ahead. But being an A student/having high IQ is an extra advantage.

Undoubtedly, and there are a lot of examples of that where people who are uneducated have highly educated people working under them and it is definitely because of luck as the bosses are either lucky for being able to have their own empires while having no proper education or the employees are very unlucky because they are working for someone else for a salary while having so much knowledge and information about the same business that they are managing for someone else.

So, it's true that luck plays a role in this because a lot of opportunities a person gets in their life are because of their luck and they might not reach certain places in their lives or be in certain positions if it wasn't for their luck. Hard work does pay off, but some people get opportunities that they didn't work for at all.

thats true, finance and academic complement each other, one can have bigger opportunity to suceed with the right amount of education and finance.
but actually there has been some studies that says the higher the academid degree the higher the salary, we're not talking business because we know regardless of academic or financial situation, the iron willed one can succeed but of course having good amount of money can help them becoming even more successful as well as having good education.
my point being, by pursuing degree, we might have many more opportunities compared to those that don't. there's reason why everyone is trying to have a degree, because it just seems prospective, only right now that everyone quite literally have degree that it decrease in value but without it, you will hardly encounter good jobs anyway.

Some entrepreneurs may have achieved success without formal education, their stories are mostly wonderful rather than the norm. Academic education provides a strong foundation for success in various fields, and it often provides serves a springboard for entrepreneurial ventures.

Financial knowledge empowers individuals to make informed decisions about their finances, manage their money effectively, and achieve their financial goals. With financial literacy, we can navigate the complexities of the financial world.

Academic education is essential for success in various aspects of life. It provides us with a broad base of knowledge and skills. It develops our critical thinking abilities, problem-solving and communication skills. Academic education opens doors to career opportunities, enhances our understanding of the world, and fosters personal growth.

This is a technical premise and the answer to such debate in some cases is very simple. In a situation like this, the financial success surpasses the academic success. Academic Success cannot provide all the financial needs in one life, but the financial success can provide all the academic needs in one's life. And that is why some economist said, anyone who have enough money control the other sectors in the organization. There are some people that have business ideas but no finance to execute the plans and those who have the finance some of them lag the ideas to do business. So those who take the risk are the ones taken the bold step to face the risk ahead.

But those who are educated can do well in business more than those who have not gotten the education.

But do you agree that education can be obtained anywhere, and don't just say that education is only available at school and college.
Because education is divided into two, there is formal education and non-formal education. If you want to get knowledge and a graduate degree, then you have to go to school and study. However, if you just want to gain knowledge, you can go through a non-formal education process, such as learning from experience and from things you encounter or taking part in training, as well as learning from everyone you meet.
And when someone has a strong desire to master a certain field of knowledge, they will be able to get it without going to school. Because there are some people who cannot go to school or study simply because of financial constraints.
And then the question arises, why are people who don't go to college more successful than people who go to college and have a bachelor's degree?

This can happen because a person has a strong desire and belief that even without a college degree they can achieve success. Because they know very well that if they just keep quiet then they will just become casual daily workers. Meanwhile, it will be difficult for them to get a decent job, because they do not meet the requirements as a worker, where a worker must have at least a bachelor's degree, for example.
So they have to think extra hard and think about how they can become a successful entrepreneur through the experience they have gained.

Meanwhile, if we talk about someone who has a bachelor's degree, they will continue to busy themselves looking for job vacancies because they think that they are qualified as a worker.

However, it would be even better if you are a graduate and have strong beliefs and principles to become a successful entrepreneur. Because your knowledge is sufficient, all you have to do is practice. which is different from people who don't go to college, where they have to learn everything autodidactically.

Financial knowledge and academic knowledge are related. However it is a different matter if it is success which is being talked about. The statement is valid; no correlation between  academic success and with financial status. But both are important. Not all graduates are more successful than ones who chose to stop and vice versa. It'll depend on the individual but atleast if you would succeed academically, you will open bigger and faster opportunities to lead you towards financial success, more than those who did not and would be needing to do Trial and Error with what they are investing themselves with.Circumstances as well would matter always when it comes on "success".

When asked whether option A is correct or option B, most often the correct answer is option C.

By option C I mean luck and good fortune to be in the right place at the right time, in other words, chance. It doesn't really matter what your IQ is, your level of education or anything else. Although, undoubtedly, the presence of such is a bonus that increases the chances of financial success.

If you take any of the financially successful ones, these are the same people who don't have any extraordinary or supernatural abilities. They were lucky to take advantage of the opportunity.

Demonstration of courage is also not a criterion that undoubtedly leads to big earnings. This is also a plus, but this alone is not enough. Many were brave but still remained poor. Which confirms my theory of the great influence of luck or the factor of chance.

In my opinion ,study is important and without knowledge we can't do anything in life. Financial knowledge is important and academic knowledge is also important in life. Because education opens mind and person can think out of the box. Financial knowledge is important because money in important in life and without money there is no value of man in life. But academic education gave many things to country. Without education,you can't learn how to speak and when to remain silent. We can read anything and we can lead any team ,any kind of team but many Enterpreneur  disrepute academic education but in my opinion that is not right. Only hard working persons are successful in life either they are educated or not.

I agree. I think the collection of comparative data and feedback between academic success and financial success is meaningless. My reason for this is that most of my work involves contacting many people because most of my work is in the marketing market for telecommunications products and services, through contact and exchange with a number of people. As we have seen, they may not have good academic qualifications, or even bad, they still own iron and steel shops, construction materials, or wooden furniture shops... A few of my friends have proven it. Most people with advanced degrees and successful studies have chosen to challenge other jobs because of the difficulty of finding a job that matches their expertise. Therefore, financial success does not depend on academic success - examples include Jack Ma. Lol

Of course, there is a link between academic success and financial success. Education helps investors to evaluate opportunities. On the one hand, there are those who act with the ideas of others, and on the other hand, those who can make decisions based on their own education cannot be the same.

Besides all this, we should not forget the luck factor. It is also important to capture the right detail at the right time. Sometimes, no matter how educated or knowledgeable you are, great opportunities can be seized by people less educated than you.

That's why I am against comparing education and profession in financial matters.

You better be careful about what you are agreeing to, saying there is no link between financial and academic success is a heresy that can't see the light of day. Mind you, there are no perfect examples anywhere, as you have the example of the supposed geniuses you knew but are/may not be doing well, I know of it too, but that does not stop me from having practical examples of people that education has worked for as well. These people are in the top positions they are because of education, continuous upgrading, writing professional exams and getting more certifications and more ranks.

Your position is often supported by people who are not favoured by work after education, this often happens in the poor countries where the level of unemployment is high. But the question is, have you thought of the good countries as well where education and white-collar jobs are helping people to fulfil their dreams? That is why you do not generalize things especially when it has to do with this context. Hutling has been existing before you were born and hustling will continue to exist even after you, and both educated and uneducated can hustle. The distinction now is how the educated are creative enough to use what the uneducated don't know to achieve a better result. But the problem is that all of us want a white-collar job, we do not want to be creative but always blame it on the unavailability of jobs and the country.

There is no way the educated will not be better than the illiterate, you are looking at it from the school and employment angle alone but neglecting the exposure, and opportunity aspect that can give any creative person leverage.

That's probably the best way to put it. Though it's not necessary for a financially successful person to be highly educated or a highly educated person to be financially successful, both are still generally correlated because academic success does increase the chances of a person to become financially successful in the long run based on the opportunities the life may unfold for them. Someone without enough academic success might not be able to cash in a lot of very good opportunities to become financially successful.

So, academic success should be taken for granted just by thinking that a person can become financially successful without it because you might be able to face the challenges that life may throw at your way but it will be way easier for you to do that if you have a shield and a weapon to fight with.

It is also important to mention that in school you are almost exclusively tested in your ability to pass tests on your own, however on the real world we do almost nothing alone and instead everything is done as a team, so those that have a high IQ and are quite smart but that are terrible at treating other people soon find themselves without valuable teammates, since no one wants to work with them at any price, while a person that may not be as smart but that knows how to work in a team can easily get capable people around them and build something that they could have never created on their own.

agree with risk taker get all the opportunity but it doesn't refute the fact that having higher degree of education will open up way more opportunities than those who don't have.
you see all the project that gaining massive success nowadays? all the team behind it are from ivies, you can't deny that.
moreover with being from ivies you have higher chance of becoming intern in big companies even FAANG and fortune 100 you know how beneficial it'd be if you want to build your career.
for those that don't have degree their only way is either through apprenticeship or through entrepreneurship you know how difficult succeding at entrepreneurship is if you have first hand experience.

Actually, every person who has a high IQ does not necessarily have a high EQ too. So there are many geniuses who have high IQ but still lose out in financial terms to people who have ordinary IQ but with a high level of EQ. And maybe you guys noticed it too. That not all students who excel in academics can become successful people in real life. Sometimes it is mediocre students who become financially successful outside of academics. Because nowadays most schools only assess students by IQ and well they encourage students to increase their IQ. Even though in real life EQ is much more important. Because without EQ, someone will always hesitate in taking steps and give up easily. Because EQ is about our intelligence in managing emotions. Even in trading, emotions are always an important thing that a trader must be able to control. And those who have a high level of EQ are usually good at managing emotions.

How educated you are doesn't determine how rich you will be, life is all about individual effort and dream that has been achieved by the dreamer whose dream came to materialize because of his mindsight for financial success, people undermine profitable venture because of their ego, life to me, is for profitable risk takers, you don't just grow financially because you were bright in education, things doesn't work that way, you must think of valuable asset to invest in if you have the funds to, but if you dont have, you will have to do the little you can consistently in other not to abort your dream, there is no harm in consistency, for you to grow in whatever you do, firstly you have to know how to do it very well not necessary in your area of concentration in school, discover what you are good at and make it from there, be more of service renderer than a service receiver in other not to be irrelevant and a push over in the market.

There is no doubt about this. I wanted to refer to those who received academic training but worked and succeeded in fields that were not within their academic field. These people are often able to study the market and use their expertise to suit it.
It is also important to point out that a large group did not succeed except as junior employees in major companies and institutions, despite their high academic training, because they were not accustomed to working hard outside of it. These people spend their lives demanding salary increases and some grants.

That's proven that academic success won't be enough to prove that you can be successful in life. But it's a good start and already an advantage from the rest. What you must do is to keep doing good from every aspect of what you do bringing those lessons you've learned in the academe.
And there are better people that we're going to meet and they did even slack during their school days and that's one big slap on the face of those successful in the academe. Well, reality sucks but that's how it goes.