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5 Bizarre Ways to Know if You Will Be Rich

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Page 1: 5 Bizarre Ways to Know if You Will Be Rich

5 Bizarre Ways To Know If You WillBe Rich

It's very easy to zone out and dream about your future. The vast majority of the time, somebodies 'dream' future will include them being extremely wealthy. The problem is it's just a dream and no matter how confident you are, it's pretty hard to know whether you will be successful. Luckily for you, there are some pretty useful/bizarre ways that statistically make you more likely to be rich.

Here they are:

5) Not Being Obese

Although the natural conclusion to jump to is that employersdiscriminate against obese people, this idea actually has somelogic. Obese people have higher medical costs and obviouslythat eats into their savings. On average, for every one unitincrease in a persons BMI, there will be an 8% drop in wealth.Talk about losing some pounds!

Jay L. Zagorsky (2005): "Health and Wealth: The Late-20th-century Obesity Epidemic in the U.S." Economics & HumanBiology, 3 (2), 296-313.

4) Drinking

This one is rather surprising. Instead of claiming that you will be richer by not drinking, the study carried outby Bethany L. Peters and Stringham claims quite the opposite. By drinking, it is claimed that your 'social capital' increases. I guess this study seems like a bit of a long shot, but they have found that on average, drinkers earn 10-14% more than abstainers.

Bethany L. Peters and Stringham, Edward (2006): No Booze? You May Lose: Why Drinkers Earn More Money Than Nondrinkers, Journal of Labor Research, 27 (3).

Page 2: 5 Bizarre Ways to Know if You Will Be Rich

3) Not Smoking

Another rather obvious one but important none the less.Not smoking has been linked to wealth, which does makeperfect sense. Smoking can be very costly, and over timecan add up to a lot of money, creating a dent in yourwealth. In fact, it's so costly, that non smokers areactually claimed to have a net wealth of 50% more thanthat of smokers.

J.L. Zagorsky (2004): The Wealth Effects of SmokingTobacco Control, 13 (4), 370-374.

2) Being Blonde

This one doesn't really apply to men, but surprisingly women with blonde hair make more money than those without. 7% more in fact. Although blonde is the hair colour associated with being stupid, it's also associated with being attractive and when it comes to making money, that helps (Although it shouldn't do).

David W. Johnston (2010): Physical Appearance and Wages: Do Blondes Have More Fun? Economic Letters, 108 (1), 10-12.

1) Being Tall

Although there is very little you can do to control this. Astudy has shown that every additional inch in heightamount to an extra $789 per year. That means thatsomebody who is 6 foot will earn $5,525 more everyyear than somebody who is 5 foot 5.

So how bright does your future look now? Fortunatelyfor me I'm 6"2, blonde, don't smoke, healthy weight andam partial to a drink or two. So if you need me, I'll be upin my penthouse.

http://www.idlescribe.com