No Correlation Between Academic Success and Financial Success

[taufik123]

-snip-
The notion that they would prefer a life of sunbathing on exotic beaches oversimplifies the complex incentives that drive people. Furthermore, success is complex, and both academic achievement and entrepreneurial drive may help one achieve their goals. Embracing a well-rounded approach to personal and financial progress can result from a mix of knowledge, daring, and embracing chances.

Yes, success is complex, depending on how interests and talents in each person.
Those who stand out in academics don't necessarily have an interest in what can actually deliver success.

There are many examples of successful people without a good academic background, even they tend to lack academic knowledge,
but they have a strong determination to build a business, build relationships between customers and new people.

Knowledge, courage and grasping a new opportunity are things that can be possessed by anyone.
Sometimes they have little knowledge but are able to win chances well, and they are brave, but without enough knowledge it will also be risky.
We have to be able to balance everything, and start learning what we lack.

[panganib999]

There is a correlation, but the line is slowly blurring as more people and companies pursue skills and experience over degree and where you get your diploma from. I could confirm cause way back then, being someone who had to quit college for a while, finding a good-paying job which is your first line of thinking when you're looking for ways to make money and achieve that financial success, is exceptionally hard. You're stuck with menial job listings or jobs that wouldn't push you further into your career, which is generally bad for your self-actualization, if anything.

So yes, don't let a single bad exam make you feel bad and scared about your future. But by all means go get that degree. Don't listen to these people with their sigma hustle mindset talking about shit like "you don't need a degree to be successful", cause they may be right, but there's no singular formula for success, and furthermore, education sets you up to open these paths that you can choose.

[Renampun]

There is a correlation, but the line is slowly blurring as more people and companies pursue skills and experience over degree and where you get your diploma from. I could confirm cause way back then, being someone who had to quit college for a while, finding a good-paying job which is your first line of thinking when you're looking for ways to make money and achieve that financial success, is exceptionally hard. You're stuck with menial job listings or jobs that wouldn't push you further into your career, which is generally bad for your self-actualization, if anything.

So yes, don't let a single bad exam make you feel bad and scared about your future. But by all means go get that degree. Don't listen to these people with their sigma hustle mindset talking about shit like "you don't need a degree to be successful", cause they may be right, but there's no singular formula for success, and furthermore, education sets you up to open these paths that you can choose.

currently the richest person in Indonesia is reportedly someone who only graduated from junior high school (prajogo pangestu) and sentences like that continue to be echoed by many people, education will not guarantee someone to be successful, but at least it is one of your efforts to achieve success, in In the future, it is said that our children will not go to school because everything is already available and only a few groups will go to school, to be honest, it will have an unclear effect on the younger generation. In my opinion, school is the best place to improve yourself in terms of knowledge while experience and also direct practice in life is the best place to find yourself.

[mirakal]

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

The real battle in life starts when you have finished your academics and is ready to conquer the realities in life. That's why you have to learn the fundamentals and theories while you are studying and apply them after schooling. Otherwise, if you are all knowledge but has poor application skills and strategies, you will never achieve life's success most particularly financial success. Financial success is not measured by how far your intelligence can go but its all about key performance indicators.

However, we should also not forget that life's success is not measured by money either. Being successful is appreciating what you have and and be grateful for it  as long as its makes you happy and is giving you life's simple satisfactions.

[SOKO-DEKE]

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

The fascinating thing is that success isn't always correlated with academic achievement. It's true that some people perform poorly on school but achieve enormous financial success. It's as if your success might shine in a certain field where you possess exceptional talent. It may surprise you to learn that some people who you consider to be exceptionally intelligent in school may have financial difficulties because they are risk averse or make poor financial decisions.

To put it briefly, I completely agree with you. Success is more than simply academics, it's about using your abilities to improve the actual world and leaving a lasting impression. Thus, try not to worry too much about your A grades there are other things in life besides test results.

[Captain Corporate]

The issue is that "majority" of the C students do not make more than A students, if you are a student that gets A all your academic life, you will on average make more than a student that gets C all their academic life. However, there are some C students who jump into some idea and make a lot, and yes in that case they do earn more, but they are the outlier and not the real expected outcome. If you look at people with 3.50+ gpa and look at people with less than 2.50 gpa and compare their salaries, you will find that the one with 3.50+ gpa will make more, just because there are some examples of bad students making money, doesn't mean that is the average how they do.

[coupable]

The relationship between academic success and financial success cannot be eliminated, even if the person who succeeded financially does not have an academic qualification.  A large percentage of those who were successful in many fields were working outside their field of specialization, nor was a large percentage of those who succeeded in more than one field without having any academic training.

[Darker45]

Academic success as in getting As in college or graduating with Latin honors isn't what determines one's future. It could be an advantage in one way or another but it isn't a prerequisite for success. Those who merely passed in college aren't necessarily at a disadvantage in life.

However, all this doesn't equate to education not necessary for a successful life. Whatever success means, getting education means a better life than without it. Academic success and education are two different bananas. Some are saying education isn't actually important to be successful. They're wrong.

[poodle63]

The issue is that "majority" of the C students do not make more than A students, if you are a student that gets A all your academic life, you will on average make more than a student that gets C all their academic life. However, there are some C students who jump into some idea and make a lot, and yes in that case they do earn more, but they are the outlier and not the real expected outcome. If you look at people with 3.50+ gpa and look at people with less than 2.50 gpa and compare their salaries, you will find that the one with 3.50+ gpa will make more, just because there are some examples of bad students making money, doesn't mean that is the average how they do.

true, many are seeing the top earners, basically saying that the ones good at academic only become workers meanwhile the dropouts become billionaire, thats not wrong, but one should know that those billionaire that are college drop outs dropping out from ivies, meaning they are actually good at academic if they willing to put effort, but they've found their passion before finishing their college therefore they decided to drop out.
its kinda different if you compare with those that dropping out because incapable of finishing academic you know, many of them don't earn that much, as many statistics have illustrated, the high income household are those that have good college degree prominently from ivies that excels in the academic and could get into FAANG even fortune 100. never underestimate the power of academic degree more especially from ivies it give you massive connection and good impression at first glance.

[blue Snow]

Do you agree?

Yes I agree, I have experienced with my friend who has good grades in school, but is not successful in life. I went to school with him for 3 years, he always got class ranks with a perfect grade. if I look at him, I'm sure he will be successful after graduates. But, in fact, until today (after a long time ago graduates) his life is ordinary, his financial mediocre, not much better than me where my grades on school just normal, or not even good than him. I don't know what happen, maybe because he was comfortable with high grades, so negligent and careless after graduates. While me, because my grades are not good, so try my best to maintain life, because I have many shortcomings, so I have to fight hard for my life.

[Faisal2202]

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?

Yes, I do agree actually you are right about it doesn't matter whether you are A or C student but only to some extent because at one point your grades or IQ do matter but at the same point it might not matter. But in most scenarios even if you choose a business, the advantages can be obtained if you know the work or have the skills (IQ).

Choosing between study and work is I know another discussion but it is somehow relevant to your discussion. Because many students want to study but due to financial problems they have to work and the remaining ones don't want to read because they think its some kind of matrix and they will be trapped in a system where they can't grow and if they will avoid studies they can grow more.

That's a wrong mentality that needs guidance. Overall, I do agree with you that those who love to take controlled risk and wants to spread their legs more, they can achieve something while the scared ones might not.

[freedomgo]

Absolutely, many academically successful individuals tend to prioritize building their careers, often seeking positions in large companies for job security.

However, the reality is that financial success often involves more than just working; it requires venturing into business where your money can work for you. But these people having their academic success, many of them are afraid in taking risks, a crucial element in running a business, so if they are afraid, they won't be able to achieve financial success.

[Helena Yu]

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'm interested to discuss about this and sorry if I sounds rude.

Is teacher a failed profession? I've keep think like this because teacher is teach about the basic thing and they're never improved, what they have is emotion control and creative way to teach someone.

Someone who graduated from art and culture education degree has a low knowledge when it comes to practice, they're not learn how to make a best art as they're focus to learn everything. But someone who graduated from interior design degree is way better to draw because they're used to and they can teach someone because they have a high knowledge about that skill.

[Poker Player]

Those people who say high educated students who work for low educated students bla bla bla forget to make a calculation about:
 
1. High educated students who're successful/total number of high educated students, and;
2. Low educated students who're successful/total number of low educated students.

The reality is high educated students tend more successful than the low educated students because they have better financial, network, open minded, skillful etc.

Low educated students are very hardworker, but not all of them are lucky.

That's right. The fact is that if we talk about being salaried, employees with higher education obtain much better salaries on average than those without. It is when it comes to setting up businesses where we find cases like the ones the OP comments, that someone without higher education sets up a company, is successful and ends up hiring people with higher education who work for him (and earn much less money than him). But such cases are not the norm, rather the exception.

[YUriy1991]

Absolutely, many academically successful individuals tend to prioritize building their careers, often seeking positions in large companies for job security.

However, the reality is that financial success often involves more than just working; it requires venturing into business where your money can work for you. But these people having their academic success, many of them are afraid in taking risks, a crucial element in running a business, so if they are afraid, they won't be able to achieve financial success.

Every business journey is unique, and formal education can also provide a strong foundation in many cases. So it's true as you said above. Success in running a business or business for me is more about how we focus on improving performance and one more thing on increasing partners so as to create new opportunities and support business growth.

[MFahad]

Agree with you, if we talk about earning then I think earning is not related to you education because in our country most of educated individuals are at home because they are not interested in doing a business because they have concept that if they settled a business then all of their education will waste which is not a wise concept at all. In my opinion you can use your education anytime you need therefore try to find any job and earn from it until you don't get a job according to your education.

Majority of individuals have better skill utilizing ability therefore through these skills they earned a good amount of money but on contrary most of them also get higher education but they are asked something in interview or to show their skills then they show zero experience. Education is necessary but learning skill is also necessary because now a days business are more prominant and successful than a government job.

[aylabadia05]

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People who are curious and focused on it have a high chance of success. Why, because that person doesn't stop when they fail, but keeps trying while fixing previous mistakes. People like this certainly don't know the word give up and are the type who fight until the end. There are 2 types of people, type 1 works and accepts what he gets, is afraid to take risks and continues at that job until he is old. The second type of person is not satisfied with what he gets and keeps trying something he is pursuing until he gets it. From here we know that the benchmarks for a person's success are different and financial success depends on how we respond to things and how we can gain financial freedom.

The first type of person does not want to get out of their comfort zone and tends to continue until they are no longer able to work. Well, this type of person can also be considered successful, but by success I only mean in a limited scope. Different from the second type of person you mentioned. This type of person will always feel dissatisfied and happy with new experiences.

I mean, such a person in his journey of success really enjoys it. Of the two types, I am more interested in the second because it is more challenging while enjoying so there are many stories and events that can be told to the next generation.

-

It is true, as you said, that when someone is successful in the academic field, it is not certain that they will achieve financial success, because those who are successful in the academic field will think long before doing something and those who are active and cause a lot of problems when they see an opportunity. will try as soon as possible to try them and most of them will work.

For those who do not focus on academics, they have more time to study while working. Those who do not choose the academic route but do not focus on utilizing their time are worse than those who focus on academics. I mean, they waste the time they have to achieve "success" in quotes.

[umbara ardian]

The real world is a harsh place, and it doesn't care about your grades. Students who previously excelled in their classes may have difficulty finding jobs or businesses because they don't have the skills needed to succeed in the real world.
Meanwhile, C students can excel in business and work. They may have the soft skills needed to succeed in the real world, such as communication, problem solving, and teamwork.
Additionally, people who have not finished university sometimes become successful businessmen. They may have creative ideas and the ability to implement them. They may also have an entrepreneurial spirit and be willing to take risks.
Of course, studying is important. It gives you the foundation of knowledge and skills you need to succeed in the real world. But it is not the only factor that determines your success.

[slapper]

The real world is a harsh place, and it doesn't care about your grades. Students who previously excelled in their classes may have difficulty finding jobs or businesses because they don't have the skills needed to succeed in the real world.
Meanwhile, C students can excel in business and work. They may have the soft skills needed to succeed in the real world, such as communication, problem solving, and teamwork.
Additionally, people who have not finished university sometimes become successful businessmen. They may have creative ideas and the ability to implement them. They may also have an entrepreneurial spirit and be willing to take risks.
Of course, studying is important. It gives you the foundation of knowledge and skills you need to succeed in the real world. But it is not the only factor that determines your success.

The lessons we learn today often combine theoretical understanding with useful skills. Aren't we stuck in the old idea that the best kids don't know how to handle themselves in the real world? The truth may be more complicated: smart people who do well in school often have critical thought skills that are useful in any field

Also, "C students" or losers' success isn't just due to soft skills or taking risks. Isn't the part of resources, networking, and sometimes just plain luck being missed? Success stories about people who dropped out of school are interesting, but aren't they the exception, not the rule? In the vast majority of situations, doesn't schooling give you a big edge in a competitive world? In fact, education and experience don't work against each other; they work together to help people succeed

[justdimin]

Absolutely, many academically successful individuals tend to prioritize building their careers, often seeking positions in large companies for job security.

However, the reality is that financial success often involves more than just working; it requires venturing into business where your money can work for you. But these people having their academic success, many of them are afraid in taking risks, a crucial element in running a business, so if they are afraid, they won't be able to achieve financial success.

It's not that they are afraid but they are only playing it safely. Just like in trading, we don't want to play it blindly because it will look like a gamble already. We should educate our selves first. And you already said that they always seek positions. So, isn't that taking a risk? Work can be defined in different ways. The one you said there about venturing a business is also a type of work.

Even the financial success can also be defined in different ways; some of us feel that we are already successful financially, once we saved up and manage our finances or expenses really well. those who have a higher expectation/goal, they can go beyond that that.