Dorkfish
05-21-2007, 08:22 AM
Here's a quick little article on a study done on IQ and money:
http://biz.yahoo.com/fool/070518/117949647104.html?.v=1&.pf=banking-budgeting
It's all about HABITS. See, the money doesn't care how smart or how dumb you are. If The Rainman sets up a $500/month auto-draft into a mutual fund, it builds wealth just as rapidly as when Albert Einstein does the same. Someone who is "too unsophisticated" to do anything but save money in a dogged, flat-footed, unrelenting, habitual way will build wealth.
http://biz.yahoo.com/fool/070518/117949647104.html?.v=1&.pf=banking-budgeting
It's all about HABITS. See, the money doesn't care how smart or how dumb you are. If The Rainman sets up a $500/month auto-draft into a mutual fund, it builds wealth just as rapidly as when Albert Einstein does the same. Someone who is "too unsophisticated" to do anything but save money in a dogged, flat-footed, unrelenting, habitual way will build wealth.