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42 Fruitful Financial Facts That Begin Compounding the Second You Read Them

The quicker you get these in your brain, the quicker they start earning

42 Fruitful Financial Facts That Begin Compounding the Second You Read Them

October 30, 2024

They say that a fact saved is a fact earned, but if you invest it properly, a single fact could actually earn you all kinds of facts. It’s like a little spark that really gets you thinking about other relevant facts. Next thing you know, you’re hunting down even more facts and becoming a complete whiz on the subject. And hey, when the subject is money, you can start doing some serious earning in that realm too!

Here’s a whole bunch of little deposits to get you started now…

42

Rich people have special therapists to help them from becoming mentally unstable due to their wealth. Called wealth therapists, their job is to help t

41

CRACKED.COM I'm Hiding Money Under My Mattress IS STILL VERY REAL. OPE 3 HOLA 50 Dell R 100 A 2017 study found that around 8.4 MILLION U.S. households did not have a BANK ACCOUNT. — Source

40

Kurt Cobain's MTV Unplugged sweater sold for $334,000 The garment of the late Nirvana singer holds the record for the most expensive sweater sold at auction. CRACKED.COM — Source

39

Thomas Jefferson had a million-dollar wine habit. Не spent over $1 million per year having that good European wine imported to the states. Impressively, he only died about $100k in debt. — Source

38

Knife Money

China used to trade knife-money. Knife-replica coinage was developed in the regions where knives were commonly used tools, while spade-money hailed from regions more dependent on agriculture than good, honest stabbin'. NOW YOU KNOW CRACKED.COM — Source

37

In the game show Win Ben Stein's Money, money won by contestants was actually paid by the producers. Money left over at the end of a season was given to Stein. If the total amount paid out exceeded that budget, the production company paid the excess. Ben Stein was never in any danger of losing his money. CRACKED NOW YOU KNOW — Source

36

Money

THE PLATES USED TO PRINT MONEY ARE HAND-MADE. The dots and lines you see on your money are engraved by hand using very small tools. An engraver can take up to one year to complete a bill plate. RES STAY 1 K 6 EW E 10A WASHINGTON Secretary of the CRACKED.COM — Source: 26 Wild Facts About Common Products

35

KFC

Colonel Sanders sold KFC for $2,000,000 Not to be confused with Reba, the original Colonel Sanders sold his business in 1964 for what would now be about $17 million. CRACKED.COM — Lexington Herald

34

CRACKED.COM PAY TO THE ORDER OF. BEAU VINE A check is only an instruction to a bank, therefore it can be written on anything. In the past people have written checks on such things as stone slabs, bananas and COWS. — 23 Staggering (True) Facts About Money

33

How much money do you need to be happy? GEB Previous research suggested happiness plateaued at $75,000, but a recent study shows higher incomes can continue to increase day-to-day well-being. Sorry, Biggie, but it looks like more money means less problems. — Source: PNAS

32

Plutophobia

PLUTOPHOBIA CRACKED COM Most people wish they had more money, but plutophobia is a fear of money or wealth. It may stem from a fear of the responsibilities or pressures associated with it, so they may sabotage their own career to prevent them from making more money.

31

Beyonce bought an $80k Barbie. CRACKEDCON For Blue Ivy's first birthday, Beymomce picked her up a Barbie from... Target? KB Toys? Who stocks this stuf

30

In one of the U.S.'s poorest areas, the Pine Ridge Indian Reservation, people make on average less than $8,000 a year. ENTERING PINE RIDGE INDIANPESERYATION About 60% of them can't afford to plug into the power grid. CRACKED.COM — 28 Money Stats To Know (Or Not)

29

Harvard

Harvard's endowment is currently 32.7 billion dollars. If Harvard used part of that endowment to pay full tuition, room, and board for all 6,700 undergrads, its endowment would be left with a mere... HAVAH 32.3 billion dollars. CRACKED.COM

28

Universal Basic Income

A BIG STUDY FOUND UNIVERSAL BASIC INCOME DOESN'T MAKE PEOPLE WORK LESS. A Finnish study gave 2,000 unemployed people €560 a month for two years (even if they got a job), and compared how they did with how people on unemployment did. The people on UBI had better mental health, confidence, and finances, and weren't less likely to look for work. CRACKED.COM — Source

27

42 Fruitful Financial Facts That Begin Compounding the Second You Read Them — Source: Reuters

26

Canadians trade coupons from a tire company. Lienter CANADIAN TIA CANADARIAS 10c LS CANADIAN TIRE LA SOCIETE CANADIAN TRE LIMITEE I CASH BONUS out B BONI CANADIAN TIRE CARADUAN TIRE CONPORATI ion, LIMITED Canada Tire is so ubiquitous that lots of bars and small businesses an accept their official Canadian Tire Money. Someone was even caught counterfeiting $11 million worth. CRACKED.COM NOW YOU KNOW — Source

25

CRACKED TEXAS TITLE INSURERS MAKE A PENNY FOR EVERY DOLLAR. The Texas title insurance industry is very successful, with a loss ratio of only 1.2 percent. That means for every dollar they make, they only have to pay out a penny to policyholders. POOL FOR SALE — Texas Observer

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24

If a retailer removes the dollar sign from a price, you're more likely to buy. The dollar sign makes you think about money, and spending, and debt. Without it, the cost becomes just an abstract number. CRACKED.COM — Source

23

DOLLAR rbine COINS Hendensatot CRACKEDcO In 2007, the US government thought dollar coins would replace bills, saving the mint $4.4 billion over the ne — Source: NPR

22

Donald Trump

On August 21, 2019, Trump tweeted that the dollar was the strongest it's been in history. That day, the U.S. Dollar Index the most common measure of t

21

Euro bills could have a unicorn on them. Among the many designs considered for the Euro banknotes in the '90s, some were quite unconventional - a particular entry depicting a majestic unicorn on the 100 Euro bill. The fact that it wasn't picked is reason enough to call BUROTOOEY European authorities ACE LCP EZ B B 1 cowards, forever. CRACKED.COM — Source

20

Scientists think Bitcoin alone could push global temperatures above 2°C. That could happen by 2033, according to a study that looked at the power efficiency of BTC mining machines, their locations, and the CO2 emissions of those locations. NOW YOU KNOW CRACKED.COM — Source

19

When abroad, pay using the local currency instead of your home one. Paying using your home currency will get you poor exchange rates and extra fees fr

18

The Treasury Department

The US Treasury Department provides blind US citizens a free machine to read currency. The iBill is compact enough to slip into a side pocket. It can identify all US currency. They have also developed free apps to read currency with a smartphone. CRACKED NOW YOU KNOW

17

The Aztecs

Cacao Beans The Aztecs loved chocolate sO much they used cocoa beans as curreNCY.

16

CRACKED.COM The cost to end world hunger is $30 billion per year -the same amount as drunk Americans spend online annually — Source

15

Hyperinflation

In 1923, hyperinflation caused German currency to lose almost all of its value. It became so worthless that people gave it to children to play with or used it as wallpaper. GRACKED.COM

14

Italy

Italy has a Fort Knox for cheese. Credito Emiliano accepts wheels of Parmesan as collateral for loans while cheese makers wait for their sources of income to mature. NOW YOU KNOW CRACKED.COM

13

A recent study by Italian economists shows that the wealthiest Florence families from 1427 remain the wealthiest even today, six centuries later. This trend is not exclusive to Italy, similar data was gathered in England and China. CRACKED COM — Source

12

Zimbabwe

Inflation in Zimbabwe reached 76.9 billion percent in 2008. 100000 000 000 000 RESERVE BANK OF ZIMBABWE 1000000000 000000 I promise to pay FEBLE the bearer on demand ONE HUNDRED TRILLION DOLLARS for the Reserve Bank of Zimbabure GRACKED.COM Dr G. Gone One year later, Zimba- bwe abandoned its currency. The ex- change rate at the time was $35 quadril- lion Zimbabwean dol- lars to $1 US dollar.

11

Don't exchange currency at the airport if you can help it. Currency Exchange Travelex troved money hurd E WELCOME TO GLASGOW ARPORT Online collection

10

In God We Trust

TWENTY SHILL Counterfeit, s DESER Before it said In God We Trust, all US currency came with a handy reminder: TO COUNTERFEIT IS DEATH. NOW YOU KNOW CRACKED.COM

9

Beefy Bills

Lots of modern money is not vegan. 24 countries' currency uses a polymer derived from tallow (beef fat). NOW YOU KNOW CRACKED.COM

8

Squirrel pelts were a common currency in medieval Russia. It's speculated that murdering all those squirrels actually helped stave off the spread of The Black Plague. NOW YOU KNOW CRACKED.COM — Source

7

More Monopoly money is printed annually than $1 STATES OF bills have been in a decade THIS NOTE IS UNITED LEGAL AND TENDER PRIVATE STATES OF AM PUBLIC FOR ALL DEBTS L 7771 L WASHING 902L SERIES 2009 Eg Since 2008, the US Treasury has printed around 25 billion dollar bills, whereas Hasbro prints 30 billion bills for their Monopoly games CRACKED.COM every year. But to be fair, only 43 million of those are ones. — Source

6

In 2009, Lily Allen refused to get paid for a concert in 200,000 Bitcoin. She was offered the payment for a virtual performance in Second Life but said no, and later called herself an idiot. If she'd taken it, she'd be a billionaire today. NOW YOU KNOW CRACKED.COM — Source

5

Smallest Pocket Change Ever

The smallest coins ever used, Vijayanger's tara, had a diameter of 4 millimeters. If you didn't have exact change, you'd be carrying around a pocket full of tiny buttons. NOW YOU KNOW CRACKED.COM — Source

4

North Korea

North Korea's military used Bitcoin to steal over half a billion dollars. They stole it from online trading platforms in 2017 and 2018, and used blockchain technology (the basis of Bitcoin) to be able to do it undetected. NOW YOU KNOW CRACKED.COM

3

The first real-world Bitcoin transaction involved buying two pizzas for 10,000 ВТС. That happened on May 22, 2010, and it was the equivalent of about $25 at the time -- it'd be roughly $360 million in late May 2021. NOW YOU KNOW CRACKED.COM — Source

2

The Great Depression

Bits of random debris were used as currency during the Great Depression. THIS SCRIP IS REDEEMABLE BY THE TRUSTEES OF THE Tenino Chamber of Commerce, Inc. FROM THURSTON COUNTY WARRANTS AND THE ASSIGNED DIVIDENDS FROM THE LIQUIDATION OF THE CITIZENS BANK OF TENINO, WASH FOR THE AMOUNT OF 1 1 ONE DOLLAR IN UNITED STATES CURRENCY Redeemable during the Hwurchmann Month of December, 1933 N° 40 Third Series Issue-of January, 1933. Depression Scrip was made of things like shells, wood, and paper, which was used as local currency instead of US dollars due to banks be- ing closed.

1

The U.K.’s Dollar Store

POUNDLAND CRACKED.COM The UK has a different word for their currency, so their Dollar General- like shop gets an unfortunately fun name. — Source: Daily Record

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