Patrick Swayze's net worth at the time of his death.

No. This title is not my idea. It is a quote from the terms a web searcher used, from Littleton, Colorado today. They googled: “Patrick Swayze’s net worth at the time of death.” I must confess, I was flabbergasted at such a query. It spoke of a most distorted value system that invokes a belief that the measure of a life, is found in personal wealth. There are many ways to measure a life, but none of the meaningful methods involve a consideration of wealth. A billionaire is not more worthy than a penniless poet. One beautiful poem adds more to the world than all of Bill Gates’ fabled wealth. Such a poem also has the power to touch more lives, than any fortune ever could.

For me, it is particularly telling that the search originated in the USA. America is a country in which the dollar and its pursuit have been elevated to be the highest endeavour – that, and fame – creating a country of people who seem unable to place real value on life’s varied endeavours. There are many ways to contribute to the world which don’t necessarily result in great personal wealth – but that does not make them any less worthy than those that do. Being a banker, for instance, is not the highest life a human can live – though it is one of the more remunerative. However, being an artist, or a poet or a composer, contributes much more to humanity, ultimately, than any purely financial endeavour. Such pursuits enrich human culture, for all time and leave the world a greater place, by their lives, than the world was when they entered it. Yet, few can make a living, never mind become wealthy. Those who seek to measure the world in dollar terms will always miss what is of true value.

Love of the dollar is also why Singapore is such a soul-less place. Very few Singaporean parents are happy to hear that their child wants to enter a creative profession, prone to financial risk. They all want to hear that their children want to go into Medicine, Law or Finance – anything that makes good, secure money. The result, however, of all this love of money, is a country which fails to truly live. Life in Singapore, consequently, has the feel of living in a manicured wasteland, where no-one is truly allowed to breathe, and those with the most ability to “breathe” are shoved to one side, in favour of those who conform most to financial aspirations.

If you want to know the “worth” of Patrick Swayze’s life, you should look not at his bank balance, but the films on his IMDB page ( http://www.imdb.com/name/nm0000664/ )– for that is what he loved to do. Measure the worth of his performances, in those films, if you would, and you will come to a better appreciation of the “measure” of his life. A man is measured not by what he owns, but by what he loves to do: in his passions is the true magnitude of a man to be found.

Posted by Valentine Cawley

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Do child prodigies get rich?

The question in the title is not my own, but that of a web surfer who came to my blog in search of the answer.

The short answer would be: some do, some don't.

If the child prodigy is a prodigy in a domain that has significant economic value, when allied to good marketing - such as, for instance, music, then, yes, that child prodigy could be become very rich indeed. A case in point is Vanessa Mae, who proclaims herself to have been a child prodigy on her website. She is worth, according to recent estimates a cool 32 million pounds sterling. That is about 100 million Singaporean dollars. Not bad for a girl with a violin.

Another example would be Harry Connick Jr. who was a definite child prodigy musician. His net worth wasn't readily accessible on the internet but is sure to be many millions since he has sold millions of records and appeared in a number of Hollywood films.

Other prodigies tend to enter more academic domains. Such prodigies may not become rich, but will be comfortable in a professional level income sort of way. Their true wealth may come in the form of the influence they have on the world and the fame they acquire for doing so. An example of this class would be Norbert Wiener, a pioneer in cybernetics. He was a child prodigy who became a man of great intellectual influence. His ideas led to fortunes being created in the computing field, if not directly for himself.

Prodigious sportsmen and sportswomen can definitely become very rich. Tiger Woods, for instance, is accounted a prodigy - and is not far from being a dollar billionaire. In 2007, Esquire magazine estimated Tiger's net worth as being in excess of 650 million US dollars. No doubt it has grown since.

Leaving aside the question of why the web searcher wanted to measure child prodigies in terms of net worth and future earnings potential, it can be seen that those who begin life with great gift can become wealthy, if their gifts meet the right opportunities for their expression and development.

Prodigies of the intellectual type, however, tend to become academics of some kind and their wealth is likely to remain on the professorial level - unless they start companies, as some do.

For some prodigies, their period of greatest earning power is actually when they are children. A case of this kind is Macaulay Culkin, whose worth is estimated at 35 million US dollars. Most oddly, from most people's perspective, almost all of this was earned while he was a child. As an adult, he doesn't seem to have much of a career (perhaps he doesn't want one, being wealthy already).

Child prodigies are children of great possibilities - and wealth is certainly one of their potentials - if they are lucky enough to receive the right opportunities.

I hope that answers my searcher's query.

(If you would like to learn more of Ainan Celeste Cawley, a scientific child prodigy, aged eight years and one month, or his gifted brothers, Fintan, four years and seven months, and Tiarnan, two years exactly, please go to: http://scientific-child-prodigy.blogspot.com/2006/10/scientific-child-prodigy-guide.html I also write of gifted education, IQ, intelligence, the Irish, the Malays, Singapore, College, University, Chemistry, Science, genetics, left-handedness, precocity, child prodigy, child genius, baby genius, adult genius, savant, gifted adults and gifted children in general. Thanks.)

IQ and Wealth: Zagorsky study.

Are IQ and wealth related? Jay Zagorsky of Ohio State University has studied the matter and come up with some surprising conclusions.

In 1979, the National Longitudinal Study of Youth (NSLY) began under the guidance of the Ohio State Center for Human Resource Research - and funded by the National Bureau of Labor Statistics. The 7,403 participants have been repeatedly questioned and studied over the years and the data trawled for interesting correlations.

Zagorsky thought to use the data to answer an interesting question: do you have to be smart to be rich? His answer is rather counter-intuitive.

Firstly, his data confirmed the common view that the smarter you are the more you earn. For every IQ point above 100, his cohort earned between $202 and $616 more per year. This equated to a person of IQ 130 earning between $6,000 to $18,500 a year more than their average counterpart at IQ 100. So were the smart ones wealthier? Did they have greater net worth? Were they freer of financial difficulties?

Rather peculiarly, they weren't. No strong correlation between wealth and intelligence was found. Indeed the smart were more prone to financial imprudence than the ones who were just slightly above average. As a measure of financial difficulties he looked at the failure to pay bills; make credit card payments; max out credit cards or become bankrupt. The smartest ones still got themselves into trouble in these ways. For instance, 11 per cent of people of IQ over 125 had missed credit card payments; 6 per cent had maxed out their cards. Though smart, they were not immune to carelessness with their finances.

So, what was the result of all this? Despite earning less than the most gifted in the cohort, those of average or slightly below average intelligence were as competent at accumulating wealth. Zagorsky's tentative conclusion - which he is investigating further - is that although the bright EARN more, they SAVE less.

What lessons can gifted parents get from this? Well, apart from teaching one's children the value of saving, it might be healthy to alter an expectation that many parents have of their gifted children: that they will be "well-off". This is not necessarily the case at all. It is partly because some of the professions that draw gifted children are not well-remunerated. University Professors, for instance, in most cultures, are not well-paid. Yet, they are among the most gifted of their societies.

(If you would like to read more of Ainan Celeste Cawley, seven years and five months, a scientific child prodigy, and his gifted brothers, please go to: http://scientific-child-prodigy.blogspot.com/2006/10/scientific-child-prodigy-guide.html I also write of gifted education, IQ, intelligence, child prodigy, child genius, adult genius, baby genius, savant, the creatively gifted, gifted adults and gifted children. Thanks.)