A half-century of research has revealed the secret to financial success, and it has nothing to do with academic achievement, professional connections or work ethic. The result was shared by Daily Mail.
Psychologists have followed the lives of 1,000 children in Dunedin, New Zealand, since 1972, collecting information about their growth, development and achievement from birth to adulthood. It turns out that the best predictor of future financial and professional success is emotional intelligence and the ability to control one’s actions.
Scientists call this skill the “emotional quotient” (EQ), and people with high EQ tend to focus on the positive, listen before making decisions, admit mistakes, show empathy, and know how to deal with negative emotions well.
But children with low EQ were more likely to have “negative well-being outcomes” in adulthood, such as low income, poor savings habits, credit problems and welfare dependency. By age 30, this group was less likely to have saved money and had fewer financial assets for the future, such as home ownership, mutual funds or retirement plans.
We’ve previously written about what using emojis says about your emotional intelligence. Details are here.
Source: People Talk
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
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