There’s some good news for all of us non-Mensa members: A high IQ is not required for wise money management. As reported by _ABC News_ and the _Motley Fool_, Ohio State University research scientist Jay Zagorsky has found that while people with higher IQs do tend to earn more, “there is no relationship between IQ scores and net wealth.” In fact, something that often works against those of the smarty-pants persuasion, according to Zagorsky, is overconfidence. Some justify overspending with the assumption that they can always earn more.
h3(matt). Matt’s View
p(matt). After all of his considerable number crunching, Zagorsky concluded that one of the most important factors for building wealth is the habit of saving money each year. And it doesn’t take a degree in rocket science to do that.