I did this, because I felt everything would be pointless before that. I knew I would want to do it eventually. It was quite a boring grind, but I got each reset down to about 30 minutes and did about two a session. It feels like a game design failure. I did use the console to get all my wealth back, because I invested way too much into my first play through before finding out there was a new game plus. I'm hoping for a mod in the future that lets you "reset" without losing anything.