IN DEBT WE TRUST

The first budgeting spreadsheet had one cell: “no.” It was still ignored.

✗ FAKE

Spreadsheets became widespread with VisiCalc in 1979. The first one having a single cell reading no is a joke.

More In Debt We Trust facts

Forex (foreign exchange market) is the largest financial market in the world. And somehow, you still can’t time your vacation currency right.“Burn rate” was coined after a startup burned dinner and the budget simultaneously. Efficiency was not invited.The first financial model was drawn on a napkin and powered by vibes. It’s still a surprisingly common methodology.The 2008 financial crisis was triggered by the collapse of mortgage-backed securities. Or as Wall Street called it, “Oops.”The first loan agreement was sealed with a handshake and a suspicious stare. Legal departments cried from the future.The stock market began when two people argued about grain prices and refused to stop. Volatility is just stubbornness with charts.See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts 🔍 All Facts

The first budgeting spreadsheet had one cell: “no.” It was still ignored. | SmartAss Facts