Study says being rich is determined by chance rather than intelligence or talent - page 31.

Mpamaegbu

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Quote from: Tosin12 on March 01, 2018, 07:12:33 PM

Being rich is according to fate and predestination

This is pure African mentality and belief. I know it when I see it. Not as if it is a bad thing anyway.

I believe that being rich is determined by "Decision Taken" and not by chance. Intelligence or talent is way out of it. So, let's discuss decision taken in perspective. Take the profile of any known rich person and you would read in it how he made a certain decision that was either later favourable or went against him. And how he went back and took another decision that turned things around. Bill Gates didn't meet chance until he took that decision to drop out of school. The same applies to Zuckerberg. Even Africa's richest man, Aliko Dangote, at a point in his life had to take that decision of going into manufacturing which is today his greatest asset. Chance without taking the decision won't amount to anything.

For me, the difference between a poor man and a rich man is decision taken.

CarnagexD

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Quote from: mrtryonebiggums on March 01, 2018, 06:55:03 PM

I am not entirely surprised by this at all actually, anecdotally I have always felt people who achieved success where mainly in the right place right time. Whether that be born to a certain family or class, or to a certain country, or area of a country, these things all effect where we will end up. Good to know us average folk can still make it in this rigged world Wink

Our success is determined by several factors that affects the quality of living that we have. Some are acquired, some are inherited, and some are from chance, but all of these still needs hardwork and intelligence. We can not achieved our goals if we sleep half of our life doing nothing at all. Given the fact, that we got lucky and become rich from chance, we might loose it all, if we do not have the right attitude and failed to become a responsible person.

Clavulanic

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Quote from: Hell-raiser on March 02, 2018, 06:05:16 AM

Bill Gates is a living example of how much chance and luck play in one's life. If Microsoft didn't get a contract from IBM in early 1980's, we would probably never hear of either Windows or even Microsoft itself. But the contract they managed to procure from this corporation was mainly due to his mother's connections in IBM. Back in the day, Microsoft was just one among a multitude of small software companies, nothing extraordinary to speak about. So I think the saying "to turn up in the right place at the right time" sums it up pretty well.

I guess it's a matter of self determination that counts why people become successful and become rich when they want it to happen. That's pretty amazing how Bill Gates got his luck that early times despite several cases of failures but through his instinct and perseverance, it works well then and up to the present. So I must say that either by chance or have intelligence or talent, being rich will be given as long as you deserve what is yours and you have the heart to work on something that makes you successful.

Lieldoryn

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I agree that becoming rich is often made possible by chance. But in our life not everything is clear. Very often people become rich thanks to the start-up capital that they inherited. But they become successful only in the case where they can gather around him a highly intelligent team and provide these people possibility to work. IQ is a very primitive indicator.

kabzeon

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People really don’t like to hear success explained away as luck – especially successful people. As they age, and succeed, people feel their success was somehow inevitable. They don’t want to acknowledge the role played by accident in their lives. There is a reason for this: the world does not want to acknowledge it either. But luck + smarts plays an equal role in getting or not rich! But that s my humble opinion.

BUK2016

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I strongly believe in the study that says being is determine by chance and not how intelligent you are or what so ever. I have seen so many people who are extremely intelligent but very poor because they cannot put what they know in practice or in other word, their intelligent has equally create fear of the unknown outcome in them and that has made people who are intelligent to be poor.

BabyBoss

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labs0918

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Yes I agreed. Like for example in this bitcoin forum you don't need to be intellegent enough or talented to earn and to be rich. I also believe in saying that being rich is determined by chance rather than intellegence or talent because many of all people became rich, not because of their intellegence or talent but because of their luck in life.

keeee

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Tharel

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This statement is true most of the time. Intelligence is not a measure of wealth. Thousands of graduates with honors are now unemployed, short in money, no house nor any wealth. That's the reason we should not judge a person. You never know when a beggar could be hit by luck and won a lottery worth a million dollars.

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Quote from: Hell-raiser on March 02, 2018, 08:49:52 AM

Quote from: alyssa85 on March 02, 2018, 06:28:52 AM

I'd say being rich is determined by your appetite for risk, rather than either chance or intelligence.

Many intelligent people spot opportunities but they can't bring themselves to take the risk. The poster above mentions Bill Gates - he took a chance and dropped out of University in order to develop Microsoft. His father was upset, thinking his boy was taking an almighty risk. Bill Gates' dad was probably as intelligent as him - but had a lower tolerance for risk.

Well, thanks for taking my reference to Bill Gates as an example, but honestly, I don't see how he fits in here. He didn't drop out of Harvard into nowhere because he had already been running a business of his own, which was probably bringing him some dough by the time he decided to leave his alma mater. In this manner, I can't really see Bill Gates taking a lot of risk. I'd rather say it was an intelligent and wise decision to focus on what interested him more and which was likely more rewarding financially.

By the way, Bill Gates' dad, Bill Gates Sr., is still alive, so we could actually hear his opinion whether he was angry at his son's decision.

I also agree with that point, bit not everybody has given the opportunity to be in the place where everything is given and comfortable to live or being rich. Being rich has many aspect like rich in money, rich in friends, rich in love and many others. Well, if being rich in money some says that its a luck wherein some people are not intelligent nor talented, but why are they rich? Maybe because their parents are rich and they were given a share with their money. There are also people who are talented and intelligent but not rich, may because its not yet their time to be rich or God has a plan and purpose why He gave that kind of life you have. However, if you are poor and you wanted to be rich you just have to be determined and motivated to do something thag would make you rich and inspire others to work for your success.

Hell-raiser

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Quote from: alyssa85 on March 02, 2018, 06:28:52 AM

I'd say being rich is determined by your appetite for risk, rather than either chance or intelligence.

Many intelligent people spot opportunities but they can't bring themselves to take the risk. The poster above mentions Bill Gates - he took a chance and dropped out of University in order to develop Microsoft. His father was upset, thinking his boy was taking an almighty risk. Bill Gates' dad was probably as intelligent as him - but had a lower tolerance for risk.

Well, thanks for taking my reference to Bill Gates as an example, but honestly, I don't see how he fits in here. He didn't drop out of Harvard into nowhere because he had already been running a business of his own, which was probably bringing him some dough by the time he decided to leave his alma mater. In this manner, I can't really see Bill Gates taking a lot of risk. I'd rather say it was an intelligent and wise decision to focus on what interested him more and which was likely more rewarding financially.

By the way, Bill Gates' dad, Bill Gates Sr., is still alive, so we could actually hear his opinion whether he was angry at his son's decision.

bulls3y3

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Quote from: Wenmanong on March 01, 2018, 07:48:57 PM

They say that chance only knock ones you have to grab it but also you have to do something you have to work on it wisely. Chance combined it with intelligence it will be better a chance to be rich.

Yes, i agree what youve said "chance combined by your intelligence and perseverance will be better to be rich". A man need to do something to become successful that he can change their way of living in the future.

boy130

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It is probably more accurate to say that the biggest factor in becoming rich is chance and/or opportunity. Obviously being intelligent and talented makes you a prime target for such opportunities, but there is still a massive chance element, as there are thousands of other people out there also vying for the some chances, and it's rarely the absolute best candidate that gets it.

Focus, determination and experience are the major keys to success, these can allow you to play the odds, and increase the number of chances you have, that's what it's all about really. Increasing the number of routes to success that are available to you.

alyssa85

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I'd say being rich is determined by your appetite for risk, rather than either chance or intelligence.

Many intelligent people spot opportunities but they can't bring themselves to take the risk. The poster above mentions Bill Gates - he took a chance and dropped out of University in order to develop Microsoft. His father was upset, thinking his boy was taking an almighty risk. Bill Gates' dad was probably as intelligent as him - but had a lower tolerance for risk.

Hell-raiser

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Bill Gates is a living example of how much chance and luck play in one's life. If Microsoft didn't get a contract from IBM in early 1980's, we would probably never hear of either Windows or even Microsoft itself. But the contract they managed to procure from this corporation was mainly due to his mother's connections in IBM. Back in the day, Microsoft was just one among a multitude of small software companies, nothing extraordinary to speak about. So I think the saying "to turn up in the right place at the right time" sums it up pretty well.

cr_liev

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Yes, I believe it can be. But being rich and successful is not only a matter of chance, but more of personal qualities! What about this qualities build the prerequisites for the smile of fortune?

orions.belt19

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I'd have to disagree. I think a better term would be 'circumstance' not chance. Although there are those who get rich in an instant like those who win the lottery. People like them get rich because they were lucky - a lucky 'chance' for that matter.

But then, many get rich because of the circumstance that they're in. They're born from a rich family and because of their background, they have the resources to exploit more and eventually get even richer. Those who are born in a poor setting have a harder time of getting rich, or attaining wealth. Thus, because of the chance that they're born in, this dictates their status in life. Even those intelligent or talented that are born in a poor setting would still have a hard time getting up the ladder, no matter how good their skill is or how intelligent they are. But then again, there are misnomers to this standard and some are able to get rich if they work hard enough.

As a conclusion, the best determinant of wealth would be ourselves and how resourceful we are. No matter the circumstance that you're in, it would be up to you to make out the most of what you have and to determine our own fates.

buwaytress

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I think we've all always known this. Even if you just want to look at the new crypto millionaires that are beginning to show themselves, they weren't necessarily intelligent (or talented), they simply had the luck to be involved early, or the luck to have their below-radar alt suddenly become so valuable (I'm thinking coins like Raiblock/Nano).

Of course, one should also credit a lot of early Bitcoin adopters (who also held) and its developers for having incredible foresight. It's probably true though, that only a handful of early proponents and developers actually held much coins, though had they done so, we'd have seen much slower adoption and use.

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