IQ is only one of the factors that can bring success to people.
I definitely think that the main factor concerning success is focus and where the person wants to get, then have a plan to get there. In your story, Power, you said that Greg was full of plans and was very energetic and ambitious. But he then must have not been as smart as you thought, because if he had even a little of financial knowledge he should know that investing in depreciable properties, as Jim11 said, is definitely not the way to wealth, much the opposite; the person ends up full of bills and with little to or real wealth at all. Greg obviously lacked two things: A plan to reach his goals and basic knowledge to reach them.
Another huge factor that contributes to success and i'm curious as to why it hasn't been mentioned yet is EQ, the emotional intelligence. A high EQ makes us better in handling with other people. This is just as important as IQ.
There are many other factors, but summarizing, i believe that these are the main ones: IQ, EQ, goal setting and focusing on the plan to achieve it, persistence/discipline, and optimism.
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