Making Money Minute with Ron Hiebert - Financial EQ Versus IQ

A prevailing myth is that the greater a persons IQ, the better they will do financially. Research shows that EQ, or emotional maturity, is much more important to wealth creation than IQ. We all know lots of people who are pretty average intellectually but have done amazingly well financially. IQ isn’t something we can do much to improve. EQ is the opposite. The better we get at controlling the destructive effects of greed and fear, the better we will do as investors. This means there is hope, for most of us to improve our wealth building skills.

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