How far can financial IQ take you?

[Tyler Durden]

I was thinking of the movie Wall Street: Money Never Sleeps, where Michael Douglas was so sure that if he could get some startup capital, that he could become rich again.

So it made me wonder, if a person with supreme financial IQ was given just $500, how much do you think they would be able to make out of that, in say, a week? Or a month?

What if it was $1,000? $5000? Could someone with all the experience and knowledge turn $5000 into $500,000 within a year?

No casino jokes please

 

[ENP]

I was thinking of the movie Wall Street: Money Never Sleeps, where Michael Douglas was so sure that if he could get some startup capital, that he could become rich again.

So it made me wonder, if a person with supreme financial IQ was given just $500, how much do you think they would be able to make out of that, in say, a week? Or a month?

What if it was $1,000? $5000? Could someone with all the experience and knowledge turn $5000 into $500,000 within a year?

No casino jokes please

The guy who started Facebook at a university had an idea and a laptop. Who needs your $500?

 

[Market Sniper]

The guy who started Facebook at a university had an idea and a laptop. Who needs your $500?

Yeah but he did have to borrow money from his mate....

 

[skyQuake]

A lot depends on relationships.
If everyone around town owes u favours and/or needs you to get things done? Thats easy money.
If you're just a nobody? Well you gotta try a lot harder then

 

[So_Cynical]

Money makes money...ideas are a dime a dozen, education just a piece of paper, smarts are worth something but with out the money smarts can easy turn into frustration and depression.

financial IQ is potential...money enables that potential.IMO

 

[LiL_JaSoN]

compound interest and exponential growth.

 

[explosiveanthony]

I dunno,

I think financial IQ has a lot to say for the billion/millionaires.
Read the book millionaire next door and the other one he brought out.
Most of them reveal that if they lost it all tomorrow, they would find another way to make it back.

I think there is a saying, "you can achieve your dreams, if you help enough other people achieve theirs."

Just my thoughts on the matter