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Smart people have a safety net ...

Submitted by AJC @ 7million7years on March 21, 2008 - 20:55.

... so they take fewer risks.

More education translates to more income ... more current income means more that you have to be prepared to sacrifice to hang out your own shingle. Hanging out your own shingle (i.e. going into business for yourself) is probably the best way to get rich (if you pump your profits into outside investments and/or sell your business for a lot of money).

In other words: smarter people take less risks ... therefore, they can limit the upside, by being less prepared to risk the downside.

It's not always true (I have a degree, was a professional, but took a 50% - 70% 'paycut' to go into my own business/es).

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