15 Reasons Why SMART People Stay POOR

Being smart won’t make you rich; knowing the rules of the game and actually playing it will. Watch Why Dumb People Get Rich: https://youtu.be/ahh0XhWRt94 Escape poverty through education: https://www.alux.app We put together a FREE Reading List of the 100 Books that helped us get rich: https://www.alux.com/100books In this Alux original video, we're breaking down why people who are perceived as smart in society (high IQ, good grades in school) usually end up broke or struggle financially. 00:00 - Intro 00:53 - They Don’t Do the Things That Make Rich People Rich 01:51 - They Think They’re Smarter Than They Are 02:35 - A Lot of Declarative Knowledge but Little Procedural Knowledge 03:23 - They’re Bitter and Angry Because It Wasn’t Handed to Them 04:14 - They Go for Prestige Over Profits 05:38 - They Overanalyze Every Opportunity Until It’s Gone 06:25 - They Spend Decades Perfecting Skills the Market Stopped Paying For 07:41 - They Solve $10 Problems with $100 Worth of Time 08:55 - They Believe Complexity Equals Value (Clients Pay for Clarity) 10:09 - They Believe They Already Know Everything 12:02 - They Look Down on Soft Skills 13:02 - They Double Down on Sunk Costs 14:05 - They Romanticize Artisan Craftsmanship (The Market Wants Scale) 15:00 - They Marry Another Intellectual (Double the Analysis Paralysis) 15:58 - They Believe Great Work “Speaks for Itself” 16:47 - Bonus Tools: Protect yourself online with NordVPN: https://www.nordvpn.com/alux Get a free audiobook when you sign up: https://www.alux.com/freebook Start an online store today: https://www.alux.com/sell Sell an online course: https://try.thinkific.com/f5rt2qpvbfok - Get Rich Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIsxb5Mf-Pr1xHJMZPtdIX8q Take Action Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIuhLj_V6ThqHhVN52kozybm All Sunday Motivational Videos: https://www.youtube.com/playlist?list=PLP35LyTOQVItYEFKYW1WdjcHFuXt0s5h- Book Club: https://www.youtube.com/playlist?list=PLP35LyTOQVIvGYVKBE8qEwmP-S_Z7i0lL - Social Media: https://www.instagram.com/alux/ https://www.facebook.com/alux https://www.twitter.com/aluxcom --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To see how rich is your favorite celebrity go to: https://www.alux.com/networth/ -- For businesses inquiries we're available at: https://www.alux.com/contact/