Beware of the smart "stupid rich" people!

You find the most interesting facts in the most unexpectated places. So it is with this piece which I uncovered in a local coffee-house free-newsletter.

Ohio State University professor Jay Zagorsky studied the relationship bewtween intelligence and financial success and discovered some interesting facts.

One of those is that for evey IQ point scored on a standardized test, a person's gross income rose on an average of $400 / year.  Okay, but...

...people with lower IQ's tended to have a higher net worth!

What gives? What happened to that wealth advantage those extra brain points gave the (cough, cough) smart folk?

Well, it seems that while smarter folk might earn more they also tend to spend more, charge more, and pay bills late -- assuming that they'll always be able to earn more money in the future.

Maybe so, but it'd be a whole lot smarter to spend less and save NOW.

Does this mean you should rush out and take an IQ test to gauge your wealth potential?

You can if you want to, but, as professor Jagorsky points out: "Intelligence is not a factor for explaining wealth. Those with low intelligence should not believe they are handicapped, and those with high intelligence should not believe they have an advantage."