SmartAss Facts
Leaderboard
Party Mode
Sign in
▶ Play Now
☰
All Facts
›
In Debt We Trust
›
The first “net income” was discovered when someone realized …
IN DEBT WE TRUST
The first “net income” was discovered when someone realized money can also stay. A rare miracle.
✗ FAKE
↗ Share this fact
Play SmartAss Facts 🎯
More In Debt We Trust facts
The term “net worth” was invented by a fisherman who tried to measure success literally. It got tangled immediately.
“Burn rate” was coined after a startup burned dinner and the budget simultaneously. Efficiency was not invited.
The first ATM was powered by guilt. It only dispensed cash if you promised to “spend responsibly” (nobody did).
The first dividend reinvestment plan was invented by someone who hated fun. “Let your money work,” they said, joylessly.
The first escrow account was invented because nobody trusted anybody. Finance is basically distrust with paperwork.
The first “liquidity event” was just someone finally paying you back. Tears were involved.
See all In Debt We Trust facts →
Explore more
📂 All In Debt We Trust Facts
🔍 All Facts