I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…
I worked for a mom + pop Amazon seller (manufacture + ship from China to America, stick packaging on it, send it in to Fulfillment by Amazon, collect a check) He's probably worth $50m as one of the top 250 sellers. Probably ~20 SKUs. Tons of competitors trying to bring him down but his product has so many reviews that it is just a money printer. He was smart to be at the right place at the right time. He undercut the…
I'm sure sociologists have a name for this, but to me it represents people who have a big hole to fill regarding self-worth. By believing they accomplished something because they are extra-uniquely special is a way to try to fill that hole.
If you take a formerly successful person and have them start over, their stature (titles, money, contacts) can often give them starting benefits that can indeed make their following ventures successful - or at least more likely successful than if they had started with little more than their skills.
There are old, wealthy people who have made a life out of repeating "successes". Some find their way into positions of great global power, and they unfortunately believe they know more than anyone else (and will state such without any shyness).