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Tag Archive: Intelligence

How Smart is Smart Enough

Written on August 26, 2009 by admin in Personal Growth

It’s Back-to-School time so we’ve been talking about lifelong learning. This is the eighth show in our ten-post series. We wondered:

How smart do you have to be to reach bigg success?

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There's a lot of laughter in today's Bigg Success Show! Click the purple player to listen to George & Mary-Lynn while you read: Play Now | Play in Popup | Download

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Latent intelligence is useless by definition.

Theoretical intelligence may help you frame an issue, but it doesn’t go far enough.

Applied intelligence drives results.

You have to be smart enough to apply your intelligence.

This is a major stumbling block for a lot of people. It’s easy to get all excited about learning. Learning is one part of the process. However, if it never gets out of the classroom, so to speak, that time spent learning is wasted.

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george Now I’m no Einstein. If I were, I might have come up with this quote: “The true sign of intelligence is not knowledge but imagination.”

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marylynn Who are we to question Einstein? The man who is generally credited with being the most intelligent person in history said that imagination is more important than knowledge.

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Imagination is perhaps more important than ever before. Imagination is the fountain of our creativity. Creativity is a critical skill in today’s business world.

There’s another great Einstein quote:

“We can’t solve problems by using the same kind of thinking we used when we created them.”

You have to move beyond old ways of thinking if you’re going to find the solutions you seek. You have to let your mind wander. You have to explore new possibilities. You have to come up with new ideas.

Now, some of them may sound crazy to other people. They may laugh at them. They may dismiss them outright. They may be right … but they may not.

So you have to be smart enough to think for yourself.

Remember this – we’ve said it before and we’ll probably say it again because it is so crucial to reaching bigg success:

The solution to the problem you face only has to work for you and it only has to work for you this one time.

Bigg success is life on your own terms. The terms – the words – we use are important when we’re trying to understand a subject.

We’ve said that it’s productive to look at your life as your enterprise with you as the entrepreneur in charge. One of the terms we hear used a lot in connection with entrepreneurship is innovation.

It’s kind of a sexy term, isn’t it? It definitely has a certain ring to it. It’s definitely a positive term. Some synonyms are pioneering, inventive, original, new, and novel.

But innovation doesn’t go far enough in describing the entrepreneurial spirit – the spirit we must all exhibit in order to reach bigg success.

We like the term ingenious. It builds upon innovation. Ingenuity is innovation in action. You have to be smart enough to put innovation into action.

You can have the best imagination in the world, but if you never act upon it, you’re just a dreamer. When you put it into action, you become the entrepreneur.

There’s another layer to the term ingenious. It implies resourcefulness. It alludes to survival. You have to be smart enough to rise to the occasion.

The going will get tough. You do have to get going so you can go get your bigg goals. That’s how bigg goal-getters find bigg success!

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Thank you so much for the gift of your time today. Please join us next time when we’ll discuss the first question to ask yourself when performance isn’t up to par. Until then, here’s to your bigg success!

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Does It Pay To Be Smart?

Written on January 4, 2008 by admin in Financial Freedom, Money

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We ran across an interesting study about what your IQ says about how rich you’ll be. The study was conducted by Jay Zagorsky, an economist at Ohio State University, and published in the journal, Intelligence.

Zagorsky measured the income and wealth of people who were 40 to 47 years old. He sorted the data by IQ level.

Does it pay to be smart? Yes … and no.

Yes, it pays to be smart.
Zagorsky’s study confirmed what previous studies had shown. People with higher IQs tend to have higher incomes. We wonder if it’s a function of IQ or if educational attainment plays in – since it’s also been proven that higher levels of education tend to result in higher incomes.

Regardless, people with above-average IQs tend to earn more.

No, it doesn’t pay to be smart.
Zagorsky found that people with lower IQs are just as wealthy, perhaps even more so, than people with high IQs! Zagorsky defines wealth as assets minus liabilities. How much you own compared to how much you owe.

Few people with below-average IQs had high income. However, a relatively large number of them had a high net worth.

It turns out that people with higher IQs were MORE likely to have trouble paying bills, have maxed out credit cards, and have declared bankruptcy, than people with lower IQs.

Why aren’t smart people rich?
Zagorsky offers several theories for why being smart doesn’t necessarily lead to being rich. It’s possible that smart people are more confident in their ability to earn more money, so they spend more money. Perhaps they feel they can take more risk, because they can make more money if they need it.

We wonder if it’s not because of the age group. People with IQs below the norm probably started working earlier, on average, than people with high IQs, who were earning advanced degrees. So people with lower IQs have had more years in the workforce. Will people with high IQs catch up with them over time?

Smart or not, we’re only human!
What this study really confirms is a timeless principle – the real secret to accumulating more wealth is to spend less than what you make. How profound!

We’re all human – some smarter than others. However, we’re all subject to that human trait that makes us spend as much as we make. Make more … spend more.

Do you remember the secret to begin accumulating wealth, as told in The Richest Man in Babylon?

A part of all you earn should be yours to keep.

If you don’t spend it, you’ll always have it. And more – because your money will make money for you if you invest it right.

For whatever reason, people with below-average IQs seem to do a better job of that than people with above-average IQs. At least according to this study.

What do you think? Why do people with lower IQs have more wealth? What tips do you have for managing money? Let us know.

Our bigg quote today is by Benjamin Franklin.

“A penny saved is a penny earned.”

It’s smart to save money, because being smart with your money is money in the bank.

Next time, we’re going to talk about your own personal SWOT analysis – analyzing strengths, weaknesses, threats, and opportunities. It’s a follow up to Visualize The Life You Want and Live Your Dream Life With Purpose.

If your goal is to save more money, learn how to achieve that goal with our Bigg Goal-Setters Workbook. It’s free when you subscribe to our free weekly newsletter. We bet you’re smart enough to recognize that for the deal it is!

Until next time, here’s to your bigg success!