In many cases yes, they did go from rags to riches.
But... for example others like Arvedui or Aragorn were destined for such great deeds.
As Malbeth said, Arvedui would either become King of Gondor and of the Reunited Kingdom or all would have wait for another chance to come.
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“The invisible and the non-existent look very much alike.”
Delos B. McKown
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