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Author Topic: No Correlation Between Academic Success and Financial Success  (Read 570 times)
Yogee
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November 23, 2023, 01:20:07 PM
 #61

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 agree for the most part. "Colleges are scams" is becoming a popular phrase nowadays but I would argue that there are still high paying jobs that cannot be taken by someone without getting a degree from school first and then getting certification. Lawyers and Doctors are good examples of those.

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November 23, 2023, 03:57:03 PM
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 #62

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.

Formal education can only help us in very general matters of life and also in socializing with the surrounding environment, whereas for business performance I think this is something that must be obtained purely through practice and direct experience through our own actions in life. Because from the many businesses that have developed as a whole, everyone can see that they are all always working hard at all times to get maximum development, so partners are really needed to have support to keep the business running well.

I will not mix educational matters with business matters for someone or for many people, because business can be the final goal for many people after they get an education or after they work for someone else relying on the educational path they have taken throughout their life. So these two things actually have to be separated from each other, even though business also requires knowledge, which knowledge is obtained through education, but there is also knowledge obtained through the environment in particular which is never in the education curriculum.

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November 24, 2023, 03:10:42 AM
 #63

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.
Each person has a way of achieving success that is different from others, there are some people who achieve their success through academic channels and there are also those who achieve their success not through academic channels but by working hard according to the skills they have.

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.
For those who have good abilities in the field of education and are also the best graduates, this will not necessarily mean they will be able to get a job according to their wishes, because the world of work is very different from the education they get at university.
I agree with you, everyone needs education to achieve the success they want and for those who can achieve success not through education, of course they have a lot of experience in that field so they can achieve success.

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November 24, 2023, 11:28:33 AM
 #64

There is a strong correlation between academic success & financial success although it is not absolute. Generally higher levels of education tend to lead to better job opportunities & higher earning potential. It’s important to note that other factors such as personal skills, networking & economic conditions can also influence financial success. While academic achievement can provide a solid foundation it is not the sole determinant of financial success. A combination of education, skills & opportunities play a crucial role in achieving financial prosperity.

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November 24, 2023, 11:40:25 AM
 #65

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 smart people are introverts and the current society doesn't favor introverts.
The society favors extroverted people with really good social skills and lots of energy.
I guess that this study is about former students and not people, who are currently studying at a college/university.
I wouldn't be surprised if many introverted A students are working for extroverted C students.
Other important factor that should be taken into consideration is looks.
The society favors good looking people over people with bad looks.
An ugly(and yet smart) A student could be working for an attractive C student.
Good looks and good social skills will always dominate over high IQ. This is the society we live in. Sad

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November 24, 2023, 11:58:40 AM
 #66

When I see people making statements like the topic you just created, it amazes me seriously. One thing most people have failed to understand is that most alpha students who did well at school were successful because of their diligence and commitment to their academic work.  Most of them are individuals who have made a core statement never to be an average person in whatever field they venture into and this guides and helps them to always stand up tall and strong wherever they find themselves.

I have seen brilliant individual who were outstanding while in college and when they came out to the big society, they were also doing very well for themselves. The only issue with some of them is that they might be too relaxed with the feeling of accomplishment but the ones that understand what the struggle is all about, you can't bench them in any field they venture into.

The major reason why the other student that wasn't serious at school suddenly starts doing well in the circular society is majorly because most of them feel that they have failed in school and will do everything possible never to fail in the real world.

But this is the reality that I have found about either the alpha student or the one that wasn't all that serious while at school; if you don't make the conscious Decision that you are going to put tin the needed effort to become successful in life, you will remain stagnant and outdated with time and the person you might have written down on that later has a change of mind along the way will become your employer in the nearest future

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November 24, 2023, 12:10:24 PM
 #67

I don't think it's about high IQ, it's primarily about human personality, I mean there are many people who don't have higher education but they have succeeded in their lives.

There are many of these stories that tell us that determination, will, and hard work to achieve a goal are the basic characteristics of success. Yes, higher education and good culture play a big role in a person’s success, but in the end it is not everything.

Circumstances also play a big role in a person's success or failure. People who took advantage of the appropriate opportunities that came to them at certain times achieved success while others failed.

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November 24, 2023, 01:39:17 PM
 #68

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
Your life during school days does not determine your life after schooling. In short, your academic results do not guarantee your financial profitability in the future. A lot of successful men these days are not actually the excellent students way back then, but because of their hardwork and persistency to reach their goals, they have conquered life's barriers and end up successful.

However, there are also topnotchers in the class and eventually when they apply for their jobs, they end up filling the high positions. That proves that academics achievements still matter, but in most cases, it's the strategies and skills that made you successful in life and achieved financial success in the process. Of course, being patient, having self-discipline and being proactive greatly matter as well.
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November 24, 2023, 02:34:01 PM
 #69

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
It's quite interesting and it happens a lot like that that people who have high academic scores are on average below C students.

I will illustrate a little analogy that might be able to understand the mechanism, firstly someone who has high academic scores has a bright future and usually they get a big opportunity to get a job out there, which makes them an office worker, and the cycle is like Businessmen need someone who has a high IQ to get what he wants or get him more money, while people who have a C grade have little chance of getting a job, because the average company looks for people who have competition on paper as proof that they can work well in their company, well in conditions like this usually students who have a C grade will risk their courage to build their own business, therefore someone who has a C grade can change drastically and even become the owner of a large business because he previously didn't have the opportunity to get a job in a company so that you start your own business.

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November 24, 2023, 02:49:56 PM
 #70

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
It's quite interesting and it happens a lot like that that people who have high academic scores are on average below C students.

I will illustrate a little analogy that might be able to understand the mechanism, firstly someone who has high academic scores has a bright future and usually they get a big opportunity to get a job out there, which makes them an office worker, and the cycle is like Businessmen need someone who has a high IQ to get what he wants or get him more money, while people who have a C grade have little chance of getting a job, because the average company looks for people who have competition on paper as proof that they can work well in their company, well in conditions like this usually students who have a C grade will risk their courage to build their own business, therefore someone who has a C grade can change drastically and even become the owner of a large business because he previously didn't have the opportunity to get a job in a company so that you start your own business.

And Jack Ma was a C grade. Those guys who are not likely gonna get hired and the ones who always end up starting a business and venturing to unchartered territories.
They eventually learned more about the behavior of people in the real world.

Those who have nothing and can't even pass an employment exam somehow will find ways to make money and apply the little they learned from school. And those with high IQ worked for them.


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November 24, 2023, 05:20:11 PM
 #71

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I can believe that the C students have a higher chance of ending up with financial success than the A students because of their approach to life which in some instances will be rugged and of a dogged mind to take whatever relevant risk within the legal boundaries to make sure that the succeed since they already know that they have a lesser chance to succeed following what they have learnt in school may not favor them due to their not so good result, so they double up their focus on other things in life that can give them financial success, and usually turn out successful still.

Academic success is not the only way to financial success.

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November 24, 2023, 05:33:34 PM
 #72

It is true but academic success can sharpen your success rate Though there isn't any guarantee that you will be successful, this will increase your chance. I have seen people with no academic knowledge build a company from scratch and his friends who were top students in his class are doing jobs in his company. Business minded people learn from the real world so their knowledge goes beyond academic books. This is the reason some people are so successful in business when their educational background is not good enough.

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November 24, 2023, 05:39:42 PM
 #73

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
Not everything on this world would really be just that basing on how smart you are or having those topnotch educational background because success isnt really that something that would really be focusing or needed to have these things for you to be able to achieve such situation. It all matters about discipline and dedication at the same time on which doing such hard work. Although there are really indeed situations on which
smart people does have that advantage compared to those who are none basing up on how they do think and how fast they do come up with a solution on particular problems. Yes, its an advantage but
it all matters with risks taking because not all would really be solved out by brain alone but also with having that good assessment and trying out to solve problems or facing it up
with courage and coming up with some solutions that hasnt been advised or think of.

This is why its never been that ideal on belittling someone just because they do have  that average or low academic attainment or achievement.
You wouldn't know on what comes next.

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November 24, 2023, 05:58:36 PM
 #74

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
In life, its not only intelligence that serves the most crucial to live a successful life most especially in achieving financial success, but having good performance and well developed skills and techniques that will create a good and comfortable life for you, giving financial stability as having the highest concern. Academic achievements do not really matter, but what matter the most is how you applied all those learnings in real life battles so you will come up still successful despite of the hardships that you have encountered.

Financial success does not correlate with academic success but for you to gain high chances to be financially successful in the future, build your academic success that serves as the foundation and make sure to learn and internalize behind those academic achievement.

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November 24, 2023, 06:19:14 PM
 #75

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

I totally agree. I doesn't matter if you're A or C student, what is your IQ etc.  You can be a very successful entrepreneur with virtually any IQ and education. As you have correctly mentioned, you have to be brave, take risks etc but also luck is very important. Without luck, no matter how smart, brave and educated you are, nothing is going to let you become successful.
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November 24, 2023, 06:24:25 PM
 #76

Sometimes it is not about the financial success. At the end of the day, it boils down to success at home, health, friendship and good relationships. Some of the A students actually look at making impact in the world in whatever field they find themselves in. These A students don't care about who they work for as long as they are making impact. These A students are the Nobel Prize winners, Canada Gairdner Award, Fresenius Research Prize, The Laskers, Life Sciences Breakthrough Prize, MacArthur Fellowships, Tang Prize, Crafoord Prizes, The Fields Medal. This is what is important to them.

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November 24, 2023, 06:38:18 PM
 #77

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 agree for the most part. "Colleges are scams" is becoming a popular phrase nowadays but I would argue that there are still high paying jobs that cannot be taken by someone without getting a degree from school first and then getting certification. Lawyers and Doctors are good examples of those.

Academy success has no correlation with financial success that is why we can see our college mates nit doing well financially even when we remember that they were doing very well when they were in School. School is not a success ground for us to build our success in life. It only build us on how to relate with this that are not even reality of life. We need to try and adjust this differences and not seeing ourselves of a prominent key of success because we are good academically or because we are known to be one of the best 10 students. Success in life is different from all that so we all need to strive to get to where we want to see ourselves in years coming.

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November 24, 2023, 06:56:07 PM
 #78

Yeah, we have seen that formula but it is not like that in the modern world things are changing. You also need skills to work in the modern world. You need hands-on training in various fields. This is the world of multi-taskers. The C-certified students can open the door for a business but there is no guarantee that those businesses will be escalated to new levels. They could come to an end very soon OR may just have stagnant growth forever. However, in the same case, if we have skilled people (so-called A-certified) then they can have their logic built up that can grow the same business multifolds in no time. Running a business is not a small thing. Its collaborative work of management, sales, roadmap, a clear vision for the company, and much more. How does this come in an entire organization? Well, you need proper knowledge and experience for the same that can come from education. Smiley
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November 24, 2023, 07:08:04 PM
 #79

Practical life is very different than how we think about it when we are young and still studying and completing our education. We think of doing things in the future without knowing that we might not even be interested in those things anymore when we are in the future and we might go on a different path than we are expecting. This is the reason why there are a lot of cases where people gain great academic success but fail to reach their desired destinations in life because of either of lack of opportunities or interest in their area of expertise.

So, there is no correlation between academic success and financial success because as you said, the brightest student in the class might end up being an employee of a company owned by the dullest and laziest student in the same class, and we can see living examples of this all around us if we look for it.

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November 24, 2023, 07:45:00 PM
 #80

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
It's quite interesting and it happens a lot like that that people who have high academic scores are on average below C students.

I will illustrate a little analogy that might be able to understand the mechanism, firstly someone who has high academic scores has a bright future and usually they get a big opportunity to get a job out there, which makes them an office worker, and the cycle is like Businessmen need someone who has a high IQ to get what he wants or get him more money, while people who have a C grade have little chance of getting a job, because the average company looks for people who have competition on paper as proof that they can work well in their company, well in conditions like this usually students who have a C grade will risk their courage to build their own business, therefore someone who has a C grade can change drastically and even become the owner of a large business because he previously didn't have the opportunity to get a job in a company so that you start your own business.

And Jack Ma was a C grade. Those guys who are not likely gonna get hired and the ones who always end up starting a business and venturing to unchartered territories.
They eventually learned more about the behavior of people in the real world.

Those who have nothing and can't even pass an employment exam somehow will find ways to make money and apply the little they learned from school. And those with high IQ worked for them.
Yes Jack Ma is one of the many people who do not have the opportunity to work which ultimately makes his own business to the point of success in his career.

But this is back into one's own self in my opinion, whether you have been in school or not, have good grades or not if in him is a laziness certainly will not get a meeting point in life, there is a theory that reveals that humans have a tendency for ways Thinking, one of them is Growth Mindset and Fix Mindset, I think you have heard it, I just want to conclude that Jack Ma is someone who has a growth mindset in him so he crashes into all the barrier walls to achieve his goal.

I do not know to categorize situations like this, whether lucky or not but the fact is that people who have difficult conditions will give birth to a soul of a warrior that is more resilient than the person who is given more facilities. To be honest if learned that when people who have academic values are much better, it is likely to be able to get much better results ... than people who have C value, but in the end people who have good academic values they tend to choose things that are certain, Like monthly income that has been set by the company, rather than having a business whose income is sometimes, even though someone can develop their business is much better when they have good knowledge resources, but often they are trapped by a lucrative salary offer from people who have a value of c In his company to make more money for people who have the C value. Grin

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REGIONAL
SPONSOR
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EUROPEAN
BETTING
PARTNER
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