Young millionaire finally answers the question we've always wanted to ask — does money buy happiness

If you were to ask someone drowning in a pile of unpaid bills whether money can make them happier, the answer would likely be a resounding yes. On the other hand, another person might still feel unhappy despite having enough money to acquire everything they need or want. Happiness holds a different meaning for everyone. Yet, the question of whether money can truly bring happiness has sparked significant interest among people on the internet. Weighing in on this age-old debate, a 29-year-old millionaire opened up about his experience with the correlation between money and happiness. Entrepreneur Timothy Armoo, who goes by @timothyarmoo on TikTok, shared his perspective through a video.

In the video, the text overlay read, "Does money make happiness?" Sharing his take on the subject, Armoo said, "If you look at, you know, from zero to ten, ten is like ultimate bliss. If you are a four in happiness, with more money, generally, it will make you a six. If you are at a three, it should make you a five." However, here Armoo presented an important distinction about happiness. "Now, that doesn't necessarily mean that you are happy. It just means that you are happier," he said, explaining that this shift could come from having fewer money-related problems. 

Armoo shared more on the topic in another video. "You know when people are like, you know, money doesn't make you happier, all that cr**, I was like, man, that's cap," he said. He decided he would make money first and then show people what the real deal was. "I do think it has made me happier. I don't think it has made me happy," he admitted. Armoo founded his brand management firm, Fanbytes, at 21 and sold it for an eight-figure sum at 27, according to his Instagram page, where he goes by @timarmoo. Now 29, he shares extensive advice on money and finances across various social media platforms.

Armoo also took to his LinkedIn to offer more perspectives about money and happiness, asking his millionaire friends to anonymously share their insights on the topic. "'I really hate the statement, money doesn't buy happiness.' In this series, I speak to a friend who worked at BCG and then went on to sell a cybersecurity startup, netting him £23m. It's rare that we get such radical openness from someone who has made a ton of cash and a massive deviation from what we typically hear in the press," the post caption read. A screenshot of texts between the two revealed that the friend considered themselves much happier with 23 million in their bank account than they were while working at a firm. "The freedom, the ability to choose what I work on and with who... it's just so much better," the friend wrote in a message.

People took to the comments section of the LinkedIn post to share their thoughts on the same. Tom Lally wrote, "It may not buy happiness but... not being able to pay your bills definitely makes you miserable, money allows you to only worry about lifestyle choices because you're freed from worrying about how to feed your kids." Taz Latif commented, "Unpopular take that'll probably rile some people up: 'Money doesn't buy happiness' is a statement used to justify and even normalize poverty." Daniel Sobey-Harker remarked, "I am willing to swap accounts with any billionaire or millionaire who wishes to test that idiom out personally."

You can follow Timothy Armoo (@timothyarmoo) on TikTok and Instagram for more money-related content.