Singaporeans Weigh In on Millionaires Who Quit Mid-Career Jobs to Build Wealth

SINGAPORE: A recent discussion on Reddit ignited a lively conversation about what it takes to become a millionaire after user “SingDigitMillionaire” shared insights from a CNBC article profiling 233 millionaires. These individuals reportedly had one common trait: they quit their mid- to late-career jobs, citing factors like being undervalued, underpaid, and dealing with toxic bosses as motivators for pursuing wealth on their own terms.

“I’m intrigued by their reasons — it’s the same struggles so many face: feeling unfulfilled, low pay, toxic bosses,” noted SingDigitMillionaire. “What’s your take? Anyone here made a drastic career move that paid off?”

The CNBC article by Tom Corley, a financial expert, detailed how these millionaires felt that leaving their established roles was the only way to truly succeed, with many branching out into entrepreneurship or moving into lateral roles with more potential for growth and salary increases.

The Reddit thread became a hotspot of varied perspectives. Some users pointed out the concept of “Survivorship Bias,” reminding others that for each self-made millionaire, countless others faced setbacks. “Just because these people reached the top doesn’t mean their path will work for everyone,” said one user.

Others discussed the nature of Singaporean millionaires, with one noting that “most would still be working, hiding in plain sight.” Others shared that prior career success often contributes to the success of bold moves, stating, “A successful career first often provides the insight, network, or know-how to thrive outside of it.”

The discussion highlighted a truth that resonates: while risk-taking can lead to success, it’s not a guaranteed path. As one user summed up, “Some take a risk that pays off; others take risks and don’t see the same outcome.”