A recent Reddit discussion explored the difficulties a millionaire would face if starting over with nothing, including no money or contacts. Many users agreed that the absence of connections greatly hinders the ability to rebuild wealth. They emphasized that personal networks and reputation are crucial assets. While some noted that millionaire status often stems from real estate and investments rather than entrepreneurial ventures, others highlighted the significance of luck in achieving financial success. The conversation revealed that recovering wealth after a financial loss might be unrealistic without a support system.
The biggest assets are your contact list and your reputation. If I know people, I can ask them for work, get credit, find buyers. Without that, you're just another person.
Many pointed out that millionaire status often comes from owning a home and maxing out retirement accounts, not from running a successful company.
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