4 Reasons Intelligent People Do Not Make Big Money

Intelligent People Do Not Make Money: Learn Why!
 
Four unforgiving realities explain why the brightest individuals I’ve ever met who
tried to earn money failed.  I’ve also, discovered that the more intelligent you are,
the more self-doubt you feel.
According to a press release from the Center for Human Resource Research at
Ohio State University, researcher Jay Zagorsky asserts that “people don’t become
wealthy only because they are smart.” “Really, there is no connection between your
riches and IQ. Furthermore, having a high IQ does not guarantee that you will
avoid financial difficulties.” There are four simple truths that impoverish bright
people;

They Do not Assign Tasks.

They overburden themselves with work rather than giving professionals their fair
share.

The harsh reality is that each person has 86,400 seconds in a day.

Thus, the amount of labor we can do on our own before stifling our own
development is limited.

There is a learning curve for any new activity; the more time we spend studying
something, the less time we have to actually perform it.

If we end up handling every aspect of our company by ourselves, we will
effectively be working on rather than for our enterprises.

By assigning minor chores initially and then progressing to greater ones, you may
practice letting go.

Consider the monetary worth of your time. When I originally began, it cost around
$45 per hour. Do it if you can outsource a terrible work for less money.

What to Assign:

 Tasks that take a long time.
 Repetitive activities that make you unhappy.
 Tasks that need a lot of learning.
Deep and intentional delegation by Dave Stitt and Radical Candor by Kim Scott are two
books on delegation that I found helpful.

They Rely on Presumptions.

They assume the solution and stop being inquisitive and asking questions.
Nothing is more hazardous than someone who believes they are knowledgeable when
they are not.
We all have preconceived notions about what is necessary for success, I’ve
discovered,  even to this day, I still have trouble with this.
High intelligence causes a person’s thoughts to come up with answers rapidly—often
too soon. Before we really understand the gap, we attempt to complete the answer.
Before I actually understood that I still do it if I don’t stop myself, I found myself
attempting to finish phrases that belonged to my client a number of times.
Our cognitive biases often provide an air of overconfidence that obstructs our inquiry
and causes us to misdiagnose the actual issue at hand. In fact, a research by the Royal
College of Physicians indicated that these cognitive biases account for the majority of
diagnostic mistakes made by medical professionals. Doctors are now taught to ask
extra questions in order to counter that.
How to be more inquisitive and quit making assumptions:
Inquire more about “what” and “how”
More input should be gathered, and it should be examined every day.
The Coaching Habit by Michael Bungay Stanier is a book about assumptions that I
found useful.

They Contemplate Rather than Act

They over think things to the point that they never really do them.
A great doing habit is different from a great thinking habit.

Really clever individuals are less likely to succeed financially online because their
excellent ideas remain confined to their minds. They take too long to come up with a
wonderful concept before starting to put it into practice.
Instead of finding things out along the way and simply beginning, I used to read
journals, write articles, and discuss the advantages and disadvantages of significant
contemporary topics. Most of our strategies are ineffective nevertheless because, to
quote Mike Tyson:
Up until they were hit in the mouth, everyone has a strategy.
I’ve discovered that creating an internet company involves the same kind of unforeseen
setbacks that Mike mentions.

They Worry About Flaws

They become bogged down in tweaking pixels rather than producing the minimal viable
product.

There is no such thing as perfection. It is a constantly shifting goalpost. Intelligent people sometimes overthink the idea.

When I was younger, I referred to myself as a quality-over-quantity person. He
wasn’t yet aware that increasing the number of repetitions is the quickest path to
quality. Whether we want to or not, every time we repeat a behavior, we learn from
it.

If you want to write for a living online, you have two options: produce one article
every month or create 30 articles, improve your craft, and learn from reader
criticism.

Although you have no control over the results, you can manage the reps. Pay
attention to it. Don’t be a victm of what most intelligent people do.