The lecturer made a remark that was impossible for me to ignore. He said, "IQ has some correlation with income, but almost no correlation with wealth."
It didn't shock me, but I found the part about wealth difficult to accept at an intellectual level. So I checked the Web to see if there was truth to what the lecturer was saying. It looks like he was right. When the journal intelligence plotted IQ against net-worth, they found no real correlation. (See graph.) This is a difficult concept to come to grips with, especially for all those who suspect that their IQ is well above average. The accepted correlation of IQ and income seems to be around 0.4 to 0.5 (Wikipedia.)
In the context of retirement (or more accurately, financial indepence which is one facet of 'retirement') the lesson for most of us is fairly straight forward. If a certain net-worth is a goal, then work towards it diligently.
Thinking damn, I am quite smart, so I should be a lot richer than I currently am might actually be counterproductive.Your net-worth won't balloon all by itself just because your IQ is high.
A lesson in exchange for memorable photos
6 years ago