Topic: Study says being rich is determined by chance rather than intelligence or talent (Read 3009 times)

I think, be rich usually depends on luck. A relative of mine worked for 30 years on someone else's job but didn't save money. He invested some of his retirement savings in the ethereum last year and be rich. The chance is to be in the right place at the right time.

If I had enough BTC in 2009, I am very rich now!
Take the opportunity to succeed!
Talent and wisdom need to be converted into money through opportunities!

Being rich is not an easy task such as fliped your hands even the process will happened for many years until we enjoying our hardwork and yes it is true that all factors should be involved especially opportunities to being rich that although people have good intelligence and knowledge but if they have not opportunities to do so then seems it could be useless

But even if you do have a shitty attitude, you can still become rich because of your intelligence. Did you know that most CEOs have a what we consider shitty attitude? They are very logical and doesn't care about your feelings. They want the work to get done and that's their only concern, nothing else. If that means dropping employees all of a sudden, then be it. You can get to the top by being a people person but you can also get to the top by being so good that people obey you despite of their hurt feelings.

Besides, at some point you're going to work with people. There will be people trusting you for your mind and your logic. There will be people working as the people person for them. Someone who will be talking and facing the employees since that's their strong suit. It's why emotional people (or the people person) and logical people gets along so well. The other is lacking what the other is abundant of. They make the best tandem in life and in a company.

I somehow agree with this. Not all high professionals are earning so much today. Chance and luck sometimes is what makes an individual rich. And I think it would depend lupon on how we  handle and deal with  the opportunities that comes into our lives.

I think to be rich you must be able to be a smart person and who is sure to be able to do that you also have to have a high curiosity and can control the patience that you have because I think the key to success is that, wanting to know and being able to control patience.

Yes its true. So when we saw the opportunity to become rich lets grab it immediately. Chances not come everytime. So be sure that we are ready if that time comes.

I think opportunities are very important in life to be successful and wealthy but investors know that without knowledge and intelligence, the money you earn will gradually lost. So I think investment in knowledge and investment skills are still essential in any investment market.

A lot of rich people are people who got everything from their parents but I know few people who are millionaires and they earned everything by themselves.

Honestly, you must fail at some businesses and you need to accept that you will fail on your path to success but if you don't allow that to keep you behind for a long long time as some do it will lead to big success in the future.

My biggest regret is that I started learning about businesses and stuff after I failed some but now everything i do is going better and better and if i put enough dedication it happens fast )

As long as we have perseverance and dedication to work and develop our skills as well used them in a good way and manage to earn,and smart enough to think of businesses then we can be able to be rich. It all depends on how we grow and plans on it.

Not many win by chance or y luck though few of the cases yes it may be , but if you see big billionaires who have growth stories of their companies are not rich by chance but because of the efforts, intelligence and knowledge which has helped them to excel and reach where they are today.

I totally agree with Mr. Gate... If you are born poor,  it not your fault because you met your self poor after beong born but if you die poor is really your fault because you can change a lot of things with your effort,  wisdom, intelligent and ofcourse a bit of luck.

It seems to me that,  determine in being rich is its accomplishment and a down to earth attitude. We can say that being rich is not about for being intelligence because even though how smart you are if you did not know how to be with other people it does not make sense. Talent can be a stepping stone to be rich if you have many skills then you a have a potential.

I think the problem here is the presupposition that people are (or should be) rewarded based on their intelligence or their talent. Having this presupposition entitles you to think that no person should amass a huge wealth, because, as the study suggests, no one is order of magnitudes smarter or more talented than the average person.

But in fact people are rewarded based on the perceived value they bestow on others. Let's take Jeff Bezos for example. We can all agree that he is not orders of magnitude more intelligent or more talented than the average Joe. But what he has built, namely Amazon, brings value to a huge number of people that voluntarily give money in exchange for the products and services that he provides. So if what you do impacts a whole lot of people and they give you money for what you do, that means you bring more value into their life than the money they give you, so it's only normal for you to gather a huge wealth.

I don't think luck plays such an important role in the `abnormal` distribution of wealth. I mean yes, opportunities matter and a child born in a poor country will have to work more and harder than a child born in a developed country with institutions that allow the creation of wealth, but other than that initial difference, I think it's more important to make the right decisions presented to you. Like many people said before me, there are a lot of people who heard of bitcoin in 2010 and 2011 but they didn't choose to invest or mine then, not recognizing the importance that this new technology will have in the future. But those who did were not necessarily lucky, because the opportunity was there for everyone to take.

For me to have high percentage to become rich these three aspects must be combined to become succeesful. For having intelligence and talents I think we can make any good chances to become rich because we are capable of doing things with positive outcome at the end. We may be able to come up with an extra ordinary ability on manipulating business with a high chances of earning great amount of profit in every investment made.

Successful people share the secret of success and experience. Especially they always mention the word seize the opportunity. No matter how good you are, but you have not met the right time, all your efforts are gone. Many people are not good at learning, but the way they grasp the problem makes them successful.

If you keep on waiting for chance to come, I don't think there's going to happen. Chances are good because it knocks on your door to offer something special, but sometimes I think it's better if you find your own door, offer your service where you excel and be progressive.

Some beginners make the mistake of investing money only to realize a few years later that those funds are needed somewhere else. Consider the time frame of each and every investment you make. Few advisors will recommend touching money in the stock market before five years is up, but a money market account or certificates of deposit can turn around quicker than that.

I think to become rich, you have to work hard and engage in self-development. Very rarely there are situations, as a result of which a person who has not exerted any effort can get rich.