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Author Topic: No Correlation Between Academic Success and Financial Success  (Read 577 times)
kentrolla
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November 22, 2023, 05:05:12 PM
 #21

This may be stand true for certain countries and but not everywhere and I would give you example of FAANG company (Facebook, Apple, Amazon, Netflix and Google) these are indeed top companies and there are many more like these and you will often find them recruiting candidates or interns from Tier 1 colleges as they already have set an assumption that only student from certain colleges or universities are talented this those who could barely afford education end up getting graduated as it has become basic requirement to land a job, and students from a normal colleges are recruited at the entry level wherein students from top tier colleges are hired for management role.

If the education is scam then it wouldn't be key requirement to get job.









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November 22, 2023, 05:17:15 PM
 #22

if teachers  knew the secret to financial success..... they would not be teachers, they would be sunbathing on an exotic beach

in most cases academics are taught the basic principles and its for them to be motivated to look deeper and understand more and get involved more..

I've had professors of mine in university dodge referrals to lead corporations as CFOs or have careers in politics.
Was it because they hate money and business? No, they study and teach about these subjects every day.
But some people really prefer the study of something from an academic perspective other than being managers themselves. It's more of a political and ideological choice if anything.
Being an academic has its perks, but surely a lot of money isn't one of them. But you can't really do both impartially. For instance, a lot of technological progress is based on academic research released to the public for free and funded by taxpayer money. If all academics were sucked into corporate environments much of today's technology that we enjoy with free access would be closed source and behind paywalls, and that's if it was ever released publicly.

Really academics deserve more recognition in my view. Not everything is or should be about money.

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November 22, 2023, 05:47:58 PM
 #23

Someone once said, if your GPA is above the minimum score, then you will only be a worker, and after you graduate you will only be busy going here and there looking for job vacancies. However, if your GPA is below the minimum value, then you will not be a worker, because you will be rejected every time you apply for a job. because your GPA does not meet the requirements as a worker. And this rejection will make you a person who thinks crazy about creating your own business, which other people think is something that is impossible for you to do.

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November 22, 2023, 06:06:42 PM
 #24

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html
Agreeably so.
I just want to say that still it matters the kind of educational qualification one has attained inorder to be able to be successful in the pursuit of a worthy idea and to maintain and keep it together.
I wouldn't put ones IQ and the grade they graduated with in same box, because I have seen that geniuses are often those who perform the least in fields they don't fancy, but when they have the opportunity or break to capitalize on the genuine idea, there's always no turning back, hence the success in the pursuit of such an idea.

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November 22, 2023, 06:30:02 PM
 #25

Other people's opinion is that when someone goes to college and has a bachelor's degree, other people assume that that person will become a successful person, who will have a permanent job with a very large salary. But it's just empty talk, because in reality life is not that smooth, after graduating from college you go straight to work at a well-known company with big wages, then get married and have a house and a luxury car. That's just nonsense and the funniest joke.

Going to college does not guarantee that we will become someone who is successful and rich. However, that doesn't mean that studying is unimportant.
Because at least even though college doesn't guarantee success, but by going to college we will know how to become a successful person, because through education a person will continue to be sharpened and trained on how that person can have both hard and soft skills. skills, someone will be trained to have a leadership spirit and be introduced to several projects that will increase experience and knowledge.

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November 22, 2023, 06:57:22 PM
 #26

OP, it doesn't matter whether you're the best student or the worst. Knowledge and understanding come in various forms, including moral, academic, social, financial, and spiritual knowledge, etc. Someone may excel academically but struggle in creating and managing a business. Success isn't solely dependent on academic achievement. it relies on an individual's knowledge across various the various forms listed above.

Yes, one can be both financially and academically sound, excelling in whatever they do. This is a blessing for some while others worked hard for it.

At one point, I approached my lecturer regarding an examination issue, and he scolded me harshly. He pointed out that many of our parents are successful business owners, while he spends his days teaching and addressing our concerns. I don't feel sorry for him because he chose this path due to his academic strengths, not being a business person. However, his salary seems insufficient for him and doesn't meet his needs.

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November 22, 2023, 07:27:49 PM
 #27

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html

Noted OP.

Grades never attack the money, efforts do. If C one puts more effort into fetching it, he'll definitely be outcompeting the A. A categorization is more focused on getting stable packaged limited Jobs under a good reputation. C categorized service in the risks and they with their gained experience establish that reputation most of the time.

Comfort zone, Safeplay can never let you be out of the matrix of finance, In the hard times you get the motivation to even control that matrix. From this flow of the post, ( I would like to amend what I've learned) the cycle of the economy of humanity whatever you like to call it works on
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Hard times forge strong individuals who propel progress toward comfort and prosperity. However, prolonged comfort gives rise to complacency, nurturing a generation of weakened individuals. Subsequently, this weakened state leads to a period of conformity, paving the way for destruction and a return to challenging times.

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November 22, 2023, 07:41:53 PM
 #28

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html
Many people say that the people who are successful today are actually people who are determined, they managed to break through the boundaries that held them back.  In fact, when you are a pioneer or trailblazer, you will definitely be the first person to succeed in that area or business. School is indeed important, but focusing on pursuing high grades at the academy will not possibly make you a great success.  Apart from that, success doesn't take 1 day, 1 month or 1 year, it could take years for you to become a successful person in the field you are in.

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November 22, 2023, 07:49:50 PM
 #29

there are C students who earn more than A students.

this looks true. those batch mates i have who are straight-As are nowhere close to the one of the simplest guys in my batch who smoked so much weed during our high school days. i saw that guy roaming the world from Alaska down to Oceania. he owns 3 businesses already while the straight As i know are trying their luck Basking music on the streets. there is a local proverb here and it goes. having low grades is fine as long as you don't poop watery shit in the classroom.

people forget those straight-A students but the kid who shits in class. will never be forgotten.









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November 22, 2023, 08:16:01 PM
 #30

I knew kids in high school who took every AP class and studied nonstop but never went far.  Then again, I had other friends who worked hard at school and used that to get scholarships or jobs right out the gate.  At the end of the day, you gotta take risks and keep trying rather than expecting a high GPA to do the work for you.  Privilege plays into it too, no question.  But smarts on their own definitely don't define success or failure.

R


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November 22, 2023, 08:26:49 PM
 #31

Of course there isn't any correlation as said, but without academia or the slightest bit of knowledge of reading and writing, becoming financially successful will be quite difficult to score and may demand some form of academic knowledge to better understand the times. Even those conservative business owners who don't rely on book keeping or inventory or mails will somehow still require the service of a lawyer when the government comes to claim tax for landed property or the service of an accountant inorder to better invest of which will be required to have the necessary academic qualifications to be confident enough to discharge such duties.

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November 22, 2023, 08:40:48 PM
 #32

I agree with you not totally but partially that one most not be an A student to be great and/or successful. Almost all the successful people or people who made and/or are making impact in human life today or those who invented most of the things that are helping human life today where not the best in class but they knew they can do something better that been the best in theorizing rather they became more practicalistic in everything. E.g Mark Zuckerberg, Bills Gate, Steve jobs etc we all know there story and they had one thing in common they were all drop outs in their various universities. So it's doesn't matter your degree in school or how well you did in class but it's about what you can do.
There is no doubt in saying that all the big companies' CEOs, like Mark Zuckerberg, Bill Gates, or Steve Jobs, were dropouts from college, but that's not because they were not smart or had a higher IQ; it's because they knew they could do much more than the college might be offering them.

I did watch a small documentary on Facebook creation where Mark Zukerbueg and his classmates tried to make Facebook and did everything to take it to the top. He even fought with his own friend, especially the one who said I invested in Facebook and tried to claim it. The idea of connecting people was more important for Mark than reading the same things that he already knew; that's why he also took classes.
If you want to do a corporate job then Degree and grades do matter otherwise they don't because if you are a content creator, web developer, trader, etc. then your work won't need a degree and your customers won't ask you to show your degrees.

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November 22, 2023, 08:41:48 PM
 #33

I knew kids in high school who took every AP class and studied nonstop but never went far.  Then again, I had other friends who worked hard at school and used that to get scholarships or jobs right out the gate.  At the end of the day, you gotta take risks and keep trying rather than expecting a high GPA to do the work for you.  Privilege plays into it too, no question.  But smarts on their own definitely don't define success or failure.

Being smart isnt really meaning that you do have guaranteed success or future on which we know that there are several factors needed which you would really be able to hit up.
Luck is also a determining factor too, it might be less but you would really be still needing for you to be able to succeed on such field. We know that there's no guarantees when we do speak about success
yet there would really be needing other things which needs to complete up in overall but of course there's no way on finding it out unless you do try.

People who do take up risks are the ones who could really be having the chance on having life way more better although its not rest assured but unless people do try.
They do have the chance on making themselves better. Being smart does have advantage but taking actions does really matter more or having that
tons of opportunity on success compared to those who dont take actions.

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November 22, 2023, 08:56:51 PM
 #34

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

While I think anyone is capable of achieving success without going through higher education, there are certainly some obstacles in business that become more evident the higher you move up the chain. There is also an element of backing that if I have two candidates applying for a job, one has some qualifications from a medium tier university and the other has nothing but basic tier school grades, then I could hazard a guess that the university candidate may have more perseverance at the very least. However at a low level it is a very tiny factor because I've seen some truly awful university graduates entering the business world without a clue how to operate, so you need to judge everyone individually.

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November 22, 2023, 09:10:41 PM
 #35

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

While I think anyone is capable of achieving success without going through higher education, there are certainly some obstacles in business that become more evident the higher you move up the chain. There is also an element of backing that if I have two candidates applying for a job, one has some qualifications from a medium tier university and the other has nothing but basic tier school grades, then I could hazard a guess that the university candidate may have more perseverance at the very least. However at a low level it is a very tiny factor because I've seen some truly awful university graduates entering the business world without a clue how to operate, so you need to judge everyone individually.

it always boils down to experience. i would hire the two and see which of them last in the worse condition in the workplace and the job they would do. i bet the one who graduated from a medium tier university will quit after a day.

the ones who with silver spoons stick up their ass always quit because they think they deserve a position after just a few months. the ones who can endure and have the perseverance to win are the ones finding out their strength.









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November 22, 2023, 09:17:29 PM
 #36

In the end, believe it or not, it is something that can be said to be unrelated but on the other hand there is another attachment even though it is a situation that is sometimes not all the same, but success in academics can be a good support for us in achieving financial success.Everything depends on the mindset that is applied in the end because if indeed academic achievement makes you too confident to navigate life it is wrong because what is in academics is just a set of theories that can be different if applied in real life but on the other hand if in the end academic achievement and our mindset are used as a support to get success in finance then it is much more reliable to be used as a reference that he is the one who can get success in financially. In the end, the theories we learn in academia and the experience we get when applying the theories we get in the real business world, we can get a new thing which can be used as our capital to create a favourable situation for ourselves, especially for our plans for financial success.

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November 22, 2023, 09:26:57 PM
 #37

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html
To me this says way more about the education system than anything else, schools are supposed to accomplish two goals, one is to give students the tools needed to succeed on their desired career choice, and the second one is to try to teach their students values so we can live in a harmonious society, and without a doubt schools are failing at both of those goals, as if they were teaching the needed skills to succeed in life then those that obtained better grades should obtain better outcomes than those that do not, and yet this is hardly the case, meaning that a great deal of what you are being taught at school is useless these days.

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November 22, 2023, 09:29:34 PM
 #38

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html

Absolutely, it is all about your willingness to go the extra miles and taking risks regardless of the situation.  People who mostly operates within their comfort zone despite their academic status may find it hard to level with those who always go out of their comfort zone to achieve their goals.
Hard work does pay off and it is not only about your academic level. Those who have the boldness and the audacity to strive towards their goals will be above others. This is not just in theory but can be seen in our everyday lives.

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November 22, 2023, 09:58:21 PM
 #39

We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html
Excellent students in academics do not guarantee that they will also be excellent when they face the real battles in life. Although intelligence also matters, but its not the main ingredient to be successful in the future, but skills and positive attitudes are. That's why we are seeing average people these days are already living their successful lives because being successful in life is not about intelligence but skills and consistent strategies in life.  And that taking calculated risks is a must, otherwise they will stay living in their comfort zones throughout their lives.

However, being knowledgeable and skillful, and has positive visions in life create a perfect combination to achieve financial success. If one lacks, then its hard to expect a positive and successful life's outcome.

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November 22, 2023, 10:17:44 PM
 #40

Academically-inclined individuals tend to get the easy way towards their first jobs but usually don't have the 'street smarts' that C students possess. It's true that they understand a lot of the theoretical aspects of their field of study, but in terms of application and all that stuff, they simply lack the understanding or the capability to grasp it not unlike the C students who are 'forced' to do things before learning what it does.

I know a friend who flunked college and stated that studying isn't for him. He went on and sold phones for a year, earning enough capital to buy wholesale phones from Japan and the rest is history. His regular clients now include celebrities, politicians, and other foreigners to whom he receives recommendations from. And since his mother works on a textile factory, he went on and established a clothing line that is slowly gaining attention on the local market.

That mofo still owes me a few hundred dollars and he's a fucking millionaire, but anyway..

The point is, if you have the academic intelligence but not the right attitude and mindset towards something you're working on, you will not get that far. It still takes a lot of things for an intelligent person to be financially successful.

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