Why would he quit? Surely going back to his life as a millionaire would be so much harder right? I mean, they have to earn all that money right? Why wouldn't he stay homeless and continue resting until he was healthy again before returning to his arduous and stressful millionaire job???
The only truth behind the conventional "wisdom" that a billionaire made penniless could become a millionaire again within a year is ENTIRELY DEPENDENT upon their social capital. If you're a famous billionaire, you'll have people willing to throw money at your nonsense investment opportunity based purely on your name and former status.
If you're some guy nobody's ever heard of with some daddy money and you somehow manage to lose it all, you're fucked. This guy will never admit he was wrong, he was simply failed due to regulation or something.
i saw a twitter thread on this and IT'S EXACTLY WHAT HAPPENED. he used whatever social media pull he still had to create a startup for coffee sales or some shit.
And he wasn't even homeless because of it. He spent a night or two role-playing by sleeping in a park (do you think the police would move this guy on after he explained his 'predicament'?) and then one of his 'followers' gave him an RV to live in, which he later sold back to the donor lol.
He started out by crashing on someone's couch, and finding all the free shit he could on facebook marketplace and craigslist and reselling it. His very first step shows how making a million dollars like that is done, by stealing everything that isn't nailed down and extracting a profit for nothing. That's the biggest takeaway I'm getting here.
I'm sure most of those people giving things away on craigslist and facebook were thinking they were giving it to someone who would directly use it, not a vampire.
That also goes to show how not everyone can climb out of poverty. Maybe one guy can but he just pulled the ladder up by removing those resources for other people who were actually in need. A business degree haver should be aware that just because one person can acquire something at a certain price and turn a profit on it doesn't mean that everyone can do that. That free item was available to exactly one person exactly one time.
He didn't even experience real homelessness. The fear that comes from having no safety net at all, wondering how many times you're going to eat that week, being in chronic pain but having no way to address it, Only sleeping a few hours a night for days on end cause it's too damn cold an you keep getting chased off. Simply knowing that if it ever really get to much you can go back to comfort doesn't let you experience the true terror of knowing your only way out might be in box.
This dude admitted his education, experience, and business connections were a massive advantage for him in this "challenge" and he still failed. I honestly wonder if he went to companies and told them "hey I'm an entrepreneur doing a social experiment to see if I can make it big while homeless". Yeah of fucking course they're gonna hire you. Fucker should have had to change his name and move to a city where he knew nobody and not be able to put anything on his resume.
I guess the "social experiment" didn't yield the result he was expecting.
I'm sure that he, in the true spirit of scientific endeavour, will fundamentally change his views on the capitalist economic system and the hierarchies of wealth and poverty it creates.
He's gonna write an insufferable LinkedIn-post and try to parlay it into a gig as a corporate motivational speaker. He is also going to learn fuck-all from this and instead double down on libertarianism.
Ah, the millionaire who went homeless as a marketing stunt to set up a coffee company and made $65k total even with all those connections and without having to pay for medical cover or fucking housing.
Now this is going to sound like a hot take, but have people ever considered that the existing homeless population is itself a real life ongoing case study/experiment in this not being possible unless you're like especially lucky? Or the fact that the vast majority of youtubers do not make a million dollars even over several years despite now having several years of experience in youtubing?
It's not like homeless people are choosing to stay homeless because they're secretly practicing streetmaxxing or being on that hated-by-bougie-society grindset, they're legit unable to turn things around; this isn't a TV show where a homeless person makes the choice to give up drugs, then turns his life around and comes back to that lady who was always supportive of him dressed in a suit now that he's committed himself to turning his life around.
i don't see how this happened unless this dude was so oblivious and egotistical he actually thought he could do it without staging the whole thing.
a savvy person with millionaire resources could stage a bullshit rags to riches story to credulous dumbasses no problem, probably fleece followers for donations while they're at it
See, that's just it. He did stage it and he still failed. Some dude with a few million isn't going to have the connections or the clout to claw back up the ladder.
how do you fuck that up all he needs is to give himself back his own money, then say it's from his entrepreneurial shit? surely he didn't actually get rid of his resources, or he wouldn't have any to 'cancel' the stunt with
Gonna do a very Reddit thing and regurgitate something I don't know is true. I don't want to research this man. But someone else said, again unverified, that if you watch his video, at one point he takes a 300K cash injection into his café or whatever. And that's why he has 65K at the end, he didn't earn 65K from nothing, he lost 235K from his starting amount of 300K.