IN DEBT WE TRUST

The first budget category was “snacks.” The second was “regret.”

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“Cash flow” was first described by a poet watching money leave his wallet dramatically.The time value of money states that a dollar today is worth more than a dollar tomorrow. Mostly because you’ll already have spent it.The first bank vault was built after someone realized mattresses have limits. Security is just upgraded paranoia.The first financial rule was “don’t panic.” Finance immediately panicked and built an industry around it.The word 'salary' comes from the Latin word for salt, which was once used as currency. Which explains why you’re still salty on payday.Credit scores were originally determined by how confidently you nodded. Which explains why chaos has excellent limits.See all In Debt We Trust facts →

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The first budget category was “snacks.” The second was “regret.” | SmartAss Facts