When you don't have anything, you don't know what you don't want. Once you've owned a thing, you have a better perspective of the actual value you derive by owning it. In most cases, people like the
idea of owning a thing more than actually owning it, but that is difficult to distinguish without a lot of experience owning stuff. Consequently, maximalism is a natural phase for most people and many never have enough money to find its practical limits.
Minimalism, the rich people kind, is what happens when you've sampled the limits of various things and realize nothing will make you care about 95% of them. So you discard that 95% without any risk of FOMO because you've been there and done that. This is the peace of mind that allows them to focus their time and money on the 5% of things that do matter to them. These kinds of minimalists don't have much stuff, but what they do have tends to be extremely high quality and functional. It is a difference between economic minimalism and domain minimalism.
The trajectory from forced minimalism to maximalism back to intentional minimalism is not going to be inexpensive for most people. Like many people, I followed this trajectory to its logical conclusion. Looking back, it isn't obvious to me that it is possible to skip the maximalist step. It provides critical context that allows someone to understand where not to minimalize, which will be different for every person.