5 ms·
Honestly, I think that the boost provided by money is probably quite small. At a certain level, poverty is going to detract from a young person's ability to su
by khawkins 8y ago
Honestly, I think that the boost provided by money is probably quite small. At a certain level, poverty is going to detract from a young person's ability to succeed, but money very rarely begets success.
What I think is far more likely the case is that parents who succeed in their lives are far better prepared to teach their children how to succeed as well. Further, that they're better at giving them a leg-up in networking and opening doors for them.
The fact that this study cites "academic success" as a measure for determining capability for business success shows that the author himself doesn't really understand how to make big money. Does he really think most entrepreneurs are genius level IQ?
I have a totally different interpretation. This study is evidence pointing towards the extreme failure of the public school system. The purpose of public schools is to provide talented, hard-working people with the tools to succeed. Schools haven't been preparing children for success, they've been largely focused on preparing them for college, and in turn for graduate school. They have not been teaching kids the values and skills which allow them to genuinely get ahead in life.
- Nasrudith 8y agoThe thing about money is that you don't need to be successful if you have enough of it. The job of a heir(ess) is to live long enough to inherit and not get disowned. Granted there are a few cases where even money can't save someone. A severe schizophrenic for instance could have poor quality of life even if they receive top quality care and have a trust fund. Technically they are better off than if they were poor and had it but the good is greatly reduced.