IN DEBT WE TRUST

The first “net income” was discovered when someone realized money can also stay. A rare miracle.

✗ FAKE
Net income is a company's profit after all expenses, taxes and costs are subtracted from revenue. It is a basic accounting concept, not a miracle someone discovered.

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The first budget app was called “Don’t.” It had one feature: shame notifications.The stock ticker was invented in 1867. Basically, Twitter for people with portfolios.The concept of compound interest was described by Einstein as the 'eighth wonder of the world.' Which is rich coming from a guy who never paid off a mortgage.The first loan agreement was sealed with a handshake and a suspicious stare. Legal departments cried from the future.The phrase “money talks” was invented by a banker who heard coins whisper “bad decision.”The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion. Wall Street’s most expensive magic trick.See all In Debt We Trust facts →

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