Quote:
Originally Posted by DWB
Millionaires (and Billionaires) are smarter, and by "smart" that doesn't have to mean their IQ. That could be their level of education, financial knowledge, and knowing what to do with their money and assets so they keep them. The rich generally know how to keep their money. The poor do not. And if you are poor and suddenly become rich, there is a good chance you will be poor again, because you lack the knowledge to know what to do with your money and assets.
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I agree to some extent, but not entirely.
Say a hundred people come up with a way to bang credit cards... who is going to run with it and become rich? probably not the smartest or the most knowledgeable, the guy most likely to run with it is the one who lacks empathy.
Wealth is often down to a character trait (sometimes lack of) or a skill.