What’s it like suddenly becoming rich? Entrepreneur Timothy, or Timo, Armoo grew up poor. But having got a scholarship to a private school, he realised there was “helicopter-level wealth” so decided to win at the “game” of getting rich by building businesses. He sold his latest company Fanbytes last year when he was 27 which suddenly catapulted him up the wealth ladder. The next day, everything felt different… 🤝 Want 1:1 money help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors: Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/ep8. Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Making vs Growing Money 03:58 - Teenage Entrepreneur 08:00 - Growing Up 'Poor' 13:32 - Motivation 18:08 - Selling a business at 18 21:16 - Becoming a multimillionaire 23:24 - Blinkist ad 24:39 - Taking out £1 million in cash 31:20 - Managing money as a multimillionaire 37:30 - Money and happiness 40:28 - Your Internal Scorecard 46:29 - Brainwashing yourself 51:00 - Losing his father 55:23 - Changing your story 58:56 - Money lessons 01:05:36 - Detaching worth from money 01:13:50 - How to get started