| Author: | Charles G. Spender | ISBN: | 9781329785311 |
| Publisher: | Lulu.com | Publication: | July 16, 2019 |
| Imprint: | Lulu.com | Language: | English |
| Author: | Charles G. Spender |
| ISBN: | 9781329785311 |
| Publisher: | Lulu.com |
| Publication: | July 16, 2019 |
| Imprint: | Lulu.com |
| Language: | English |
This ebook explains why the only way to get rich is to get lucky. Self-employment also requires luck. For example, a moderate and limited correlation exists between IQ and income, but there is no correlation between IQ and net worth (or self-employment). These data suggest that wealth is either a result of pure luck or has to do with mental abilities unrelated to IQ (for instance, an entrepreneurial talent). The latter explanation also involves luck because a person can neither learn nor earn a talent. The correlation between hard work and income is weak and limited. Higher net worth correlates with fewer hours worked per year. Therefore, it's a bad idea to pay for advice on how to get rich or how to start a business. In addition, this ebook discusses some low-risk approaches to starting a business and to building wealth, but this information does not guarantee anything thanks to Lady Luck.
This ebook explains why the only way to get rich is to get lucky. Self-employment also requires luck. For example, a moderate and limited correlation exists between IQ and income, but there is no correlation between IQ and net worth (or self-employment). These data suggest that wealth is either a result of pure luck or has to do with mental abilities unrelated to IQ (for instance, an entrepreneurial talent). The latter explanation also involves luck because a person can neither learn nor earn a talent. The correlation between hard work and income is weak and limited. Higher net worth correlates with fewer hours worked per year. Therefore, it's a bad idea to pay for advice on how to get rich or how to start a business. In addition, this ebook discusses some low-risk approaches to starting a business and to building wealth, but this information does not guarantee anything thanks to Lady Luck.
