♫musicjinni

Why Dumb People Earn More Than Smart People

video thumbnail
Get access to a totally free high quality newsletter every morning by signing up to The Daily Upside at https://bit.ly/3JjhQJS

------
Edited By: Andrew Gonzales

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

For sponsorship inquiries, please contact sponsors@worksmedia.group

All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.

#business #finance #careers
------

Dumb people make more money than smart people and it took a study conducted by really smart people to prove it. A study out of Sweden has found that top earners have lower intelligence than the people in income levels directly below them.

The Plateauing of cognitive ability among top earners drew on data from 59,000 men who had to take a compulsory military conscription aptitude test. It then tracked their earnings over their professional careers to find the relationship between intelligence and income. Before Tai Lopez gets any ideas for more shitty YouTube commercials or the hustle bros learn how to read journal articles and use this to encourage people to drop out of college, I want you all to know how this data really works.

The relationship between intelligence and income was strong, smarter people earnt more money but only up to six hundred and seventy thousand Swedish krona or sixty-four thousand dollars per year. After that intelligence didn’t mean much anymore and at the very top end of income earners, the 1%, dumber people actually did better.

So is this a sign that watching TikTok and reality TV is actually better for your career than going to college? Well maybe actually, for two important reasons but there are also two reasons why you should probably ignore this and keep studying hard if you want to get ahead financially. Reason number one why dumb people are doing better than smart people is that smart people fill in high prestige jobs that don’t have high salaries.

Academics and research scientists are some of the smartest people in the world, but they don’t get paid well. Doctors, lawyers and elite financiers also need to be very smart to get through demanding schooling and admission exams and these professionals ARE typically compensated very competitively BUT most of them don’t make it all the way into the 1%. In the USA to be in the top 1% of income earners an individual needs to make at least five hundred and ninety-seven thousand dollars before tax and that’s just the minimum to join the 1% club.

so it’s time to learn How Money Works to find out why dumb people are earning more than smart people and why this trend is completely meaningless for your own career planning.

Why Dumb People Earn More Than Smart People

Why Dumb People Are Richer Than You

Why are stupid people richer than smart people

The Influencer Bubble - How Money Works

Day in the life of a lonely housewife #shorts

Why DUMB People Earn Way MORE Money Than SMART People (Documentary)

Elon musk roasting MBA degree🤣🤣:: on why mba is worthless and waste of money!!🤯🤯

God-Level Online Game Arrival: Only I Can See Hidden Tips and Quests.!

Want To Be Rich? Don’t Start A Business.

Jack Ma's Ultimate Advice for Students & Young People - HOW TO SUCCEED IN LIFE

Elon Musk, why are you still working? You are worth $184B

How I Went from $500 to Half a Billion in 5 Years

Age of Easy Money (full documentary) | FRONTLINE

Dave Ramsey's Life Advice Will Leave You SPEECHLESS (MUST WATCH)

My Dad Found Me an 8-Month Pregnant Fiancée and Threatened to Disown Me if I Didn't Accept

How Come Stupid People Make More Money Than Brilliant People?

A con man is paid $30,000 just to teach a rich man how to be a real man

This Nerdy Teen is the FBI’s Most Wanted Hacker

Morrowind Analysis | A Quick Retrospective

First day after being released from prison, she married a CEO who was biological father of her son

TES4: Oblivion Analysis | A Quick Retrospective

Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power | Lex Fridman Podcast #345

The First Son-In-Law EP 1-45 FULL Multi Sub 1080P

AudioBook - How To Stop Worrying And Start Living by Dale Carnegie

Why Do People Who Aren't As Smart, End Up Making More Money?

Top Career Nightmare Calls On The Ramsey | Ep. 5 | The Best of The Ramsey Show

Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413

Burn Book: I Fell for Caroline Calloway’s Never-Ending Scam

Investors Are Trying to Make Money By Doing The Opposite Of Jim Cramer - How Money Works

The Man Who Knew (full documentary) | FRONTLINE

Disclaimer DMCA