3 ms·

So, IQ and income are related, but I'm not sure if the causal arrow points both ways. Secondly, I think the 1) make an emergency fund 2) pay debt via snowball m

So, IQ and income are related, but I'm not sure if the causal arrow points both ways. Secondly, I think the 1) make an emergency fund 2) pay debt via snowball method then finally, 3) invest for retirement hierarchy is the most effective path to financial freedom, and given that poor people are more likely to have debt and no emergency funds, it's an okay assumption that they are investing prematurely if they haven't taken care of items 1 & 2.

PascLeRasc 6y ago
IQ is fake [1], but anyway Robinhood isn't purporting to be a personal finance flowchart. Vanguard would be the opposite of Robinhood and they don't help you establish an emergency fund or pay off debt, or do any checks on if you're rich enough to invest. Robinhood's just another brokerage with a clean UI. [1] https://medium.com/incerto/iq-is-largely-a-pseudoscientific-swindle-f131c101ba39 https://medium.com/incerto/iq-is-largely-a-pseudoscientific-... (you can read the articles linked in this if Medium isn't credible enough)