Topic: Study says being rich is determined by chance rather than intelligence or talent - page 28. (Read 2986 times)

In the Philippines most people who are rich are Chinese people, they owned biggest companies.
And the other rich people are mostly those politician who are corrupt. They use their talent to get money in every projects that should be use for the betterment of our country. I didn't say all but mostly, hoepfully our new President will do process eliminate those corrupt politicians..

I completely agree with what had been said on that article. Being rich has nothing to do with being smart. Of course it helps, but it's all about chance and being able to gather good opportunities and making good choices. As for those good choices, you don't really make them because you are super smart. Maybe you ego will tell you that, but truth be told, you were "just" lucky. A good example is crypto. For those that entered the market soon, and holded their coins, it doesn't mean they made an amazing choice because they knew bitcoin would reach these prices. No one knew it would happen, as no one knows if it will succeed in the future, and increase to $500k or more.

Some people were already rich, because they were born in rich families, others got rich because they were lucky. Once they got to that state, it's easier to continue rich. The smartest people on the planet, like Einstein or amazing scientists like him, aren't known for being super rich. Are known for their contribution in terms of science development. Usually rich people are known for just being rich, nothing else, because they only contribute by moving their money and buying things.

I wont even go into illicit activities, or inside trading, or how rich people get completely favored by the system, that ends up making the rich, richer. Not because they are smart, but just because they are already rich.

i don't buy any of this myself.

and intelligence has zero to do with wealth. the most intelligent people i know are all broke and will never amount to squat.

the people with money are the ones with drive, an eye for opportunity and people skills. luck had nothing to do with it either. they made their own luck using those skills. that's what you need.

Intelligence and money only go hand in hand in societies with high social mobility. Most countries in the world have an society that makes it impossible to advance as individual no matter how smart you are.

I have heard that life is a game of chance and I have seen it firsthand that the swiftest most often do not win the race, because opportunity has a way of smiling on the prepared! If we sum up all the above, it becomes evident that neither luck, talent nor intelligence on their own is enough to make for success, but their combination greatly increases the success rate.

This is right to the point. For a person to be born poor I agree that they don't have a choice for that since it the their parent or the predecessor does it. But as we were born on this world and as we grew older and learn about what life is, it would be the start to shape up our own future. It will be up to you if still want to become poor by doing nothing and just contented with that kind of life or will you strive harder so you can avoid this kind of life. I actually don't believe in fate but it is up to one owns decisions.

It is true . Not always people get rich because of hereditary or inheritance. Wealth is the amount of possessions we have. and possessions that can be sought by those who desire it. So anyone who has the will to become rich can certainly, even the poor ones.

Luck do play role but not always and when it comes to hard work and intelligence luck favors those who continuously work towards their goal and helps themselves in getting things done. It is not a game where luck will play role to greater extent but only a smaller part to be precise.

Of course there is no direct relation between the two, and crypto even proves that!

There are several methods to obtain wealth.

Luck is a factor, but there are millions of people who had a lucky opportunity, but turned it down, or could not seize it because they were unprepared.

Here Are several traits that can make you a fortune:


- Burning Desire (To keep you chugging along at the goal even in dark times)

- Willingness to Experiment & FAIL (Fall flat on your face 1000 times and still keep trying)

- Being Open to Ideas and people (Becoming an eternal student of life - everyone has something they can teach you - to follow or not to follow)

- Think Differently - Society pressures people towards conformity, but it often rewards ideas that are better than or different from their competitors.

- Build Your Ideas of What's Possible (Reading/listening to Autobiographies and topics on the subject you want to go into - the mind is a black box, give it some good material to work with; it will produce better ideas.)

- Working on Yourself (Business is mostly about managing your own psychology - Your personal vices and life problems will show up in your business if you do not work on them and let other people help you)



Finally, while LUCK may come at random, VALUE, RISK & TIME are CONSTANTS.


You can always make more money, but we can never make more time.

All the wealthy people have the same 24 Hours as you do, but time is their employee.



Method 1: The Investors Way:
You sell your time for money (salary/hourly).
They invest their money using time itself to earn more. (whether that's in stocks, bonds, crypto or business ventures)

This requires the willingness to fail, and to learn from others and your own mistakes over time.
Investing in good ventures is a skill that can be learned, and if you pursue it like that, the money follows.

More Info on this: The Richest Man in Babylon (Book/Audiobook)



Method 2: The Savers Way:
If you want no risk, you'll have to be young and put it into smart retirement accounts that compound over time. The cost from you is not being smart, but being consistent in your payments over time.

Also follow the GOOD Policy: Get Out Of Debt, and Stay Out Of Debt.

More Info on this: Dave Ramsey (Books/Talk Show)



Method 3: Value & Risk (The Entrepreneurs Way)

Usually ventures with the most risk tend to have the most value. (Crypto's volatile market versus stock trading's 1% highs and lows)

While people cannot create more time, they can create more value to the marketplace.

Rather than teachers giving a lesson to a group of 30 people, that same teacher can give the lesson on Youtube or UDACITY and teach thousands.
If they decide to charge money, they will probably end up with way more money than they could ever get from teaching the class one time to 30 people, because of the value they provided.

More Info on This: The Millionaire Fastlane / Think and Grow Rich / Who Moved My Cheese (Book/Audiobook)


Final Thoughts:

Thoughts alone will not make you wealthy. School should have taught you that.
Its the application of what you've learned over time, that will bring the wealth that you desire.

- Scientists spend years trying to prove their theories.
- Academics and Smart people have to get out of their heads and work with other kinds of people to have their ideas realized.
- Actors still have to learn their lines and look the part. (Peak performance fitness, clothing, marketing their brands)
- Early Employees at the leading brands had to believe in a mission more than their paycheck (Early Amazon, eBay, Facebook, Apple)
- Tech people who seemed to have wealth overnight, spent years of their lives giving up the time to learn to code, tinker with scripts and solve problems through critical thinking.
- People born into wealth have to be taught to preserve wealth, trust carefully, find real friends (who do not want something from you), not become a target of social games, and not get into destructive habits.


Sometimes people have to prep thousands of hours and several years for that one moment of opportunity that you guys call "Luck".
When these prepared people see it, they recognize the chance and latch onto it with all the strength in their bodies (they bet their lives on it).

The unprepared with the same exact opportunities watch them ascend to fame and fortune and merely scratch their heads and wonder when will luck finally smile favorably on them.....

If you feel that the door to wealth is closed to you, KICK IT DOWN.
Make your luck, be the hero of your own story (not a side character).

Richness is not achieve by chance or destiny. Practically speaking, it is achieved and cultivated by perseverance and persistency. Road to richness doesn't happen overnight. Its road may be bumpy, rough, or uncertain but its result is worth rewarding. Let's all aim for the better and stay positive!

Yes I also agree with this statement most of the times luck and chances are very helpful to grow up only in sometimes our studies and intelligence will helpful you to grow up in your life but both are very important in our life so my opinion is a man need all of these things to live a good life .

Born as a rich is by chance but being is rich is based on the skills and luck because many rich born kids lose their all assets due to no knowledge about hiw to save and invest money.To be honest many poor people are now the richest people they did this by skills and intelligence of course the luck too.So all the three factor is important for being rich person.

Well to some extent i will agree with the that being rich is determine by chance as compared to intelligence. This is because if one should compared the numbers of those who are rich via chance and those who got rich through the level of their intelligence you will see that is insignificant of the later as compared to the previous one.

Yes I agree to that because sometimes luck is one reason why people become rich.  Luck in terms of many ways. Being rich by intellegence or talent is also one reason why people become rich because they use their knowledge and talet but I mostly agreed of being rich by chance.

Being rich is not purely by your intelligence. Luck indeed a factor of being rich but we cannot depend our future to luck. The key to being rich is the flexibility of Being rich is not purely by your intelligence. Lucky is indeed a factor of being rich but we cannot depend our future to luck. The key to being rich is the flexibility of a person to find ways how to have earn a living. It's a matter of how a person is motivated on achieving to be rich. They don't let any opportunity slip in their hands. And some of them are risk takers. So we need to stay focus and aim to be a wealthy person.a person to find ways how to have earn a living. It's a matter of how a person is motivated on achieving to be rich. They don't let any opportunity slip in their hands. And some of them are risk takers. So we need to stay focus and aim to be a wealthy person.

Which's clear from the many people is certainly not all rich because by a chance only, however it depends on each of us, sometimes the intelligence and talent can lead to a success/reach due it's accompanied by a strong intentions and optimism to deepen it, till can get many chance to taken.
Of course in a strong soul there are a various kinds of success in it, is another case when related with a gambling, it's more tended to the more chance/fortune only.