moneyShow most recent or highest rated first. Common beliefs in this section include:
I used to believe that the term "401(k)" reffered to how much money was in the account - $401,000. This belief was further strengthened when I saw an article talking about "how to stop your 401(k) from turning into a 200.5(k)."
I used to believe that rich people got rich by that one day they were walking down the sidewalk, and a bunch of bills rained from the sky to make that person rich.
I used to believe that coin change could turn into actual paper money if you left it alone for a long time.
I used to believe that when a bank paid you interest on the money in your bank account, that whenever the bank employees looked at your money they had to give you some more because they were interest-ed!
I used to think that when you get change back at the store, they were actually giving you free money. So I never understood why when we couldnt afford something we couldnt just go buy something to get money
When I was young, I used to believe that every week my dad would go to the bank drive-thru on his forklift, and drop off a pile of money. Then mom would go through with us, and take it all out.
When I was little, I used to think that when someone went bankrupt, a robber went into their bank and stole their money. I always wondered why my Grandpa told me not to go bankrupt if it was out of my control.
I used to believe that pennies were made of gold, and therefore must be very valuable! I always saved all the pennies I found on the ground. :)
I used to think that ATM machines just gave out free money when you needed it. Ahhh if only...
When my cousin Jess was little, my parents took her out to eat a Pizza Hut. After they were done, Jess goes "Uncle Eddie, (my dad) I'll pay for the meal." Thinking she had some pennies, my dad held out his hand. Instead, she had 5's and 1's in her hand. My dad, shocked, goes "Jess, where did you get that?" And she being only 4, goes "The people just left it on the tables!"
Until I became about 14 I had always believed that everyone had at least a million dollars and I would wonder why people would be so excited about the lottery.
You know those machines at arcades that you put dollar bills in, in exchange for quarters to play the video games? When I was little, I used to think that there was something in the machine that would take the bill and somehow turn it into quarters. It made sense for dollar bills, because I could see how you could get four quarters out of a single dollar bill, but I didn't understand how you could put in a five dollar bill and twenty quarters could come out; there wasn't enough paper, after all.
When I was little, I thought when my mother went into a grocery store and paid for a drink, the change that came out of the cashier box was my mother's own money that went in. Like my mom's name was labeled on one of a million little rows of money just for her. And everyone had their own money. There wasn't money that everyone had touched. only money that my mom had ever touched. weird. HAHA!!
I used to believe the bank "scottish widows" was run by widows, and only gave bank accounts to widows.
When you are very poor you "can't make end's meat." End's meat is some sort of cheap very low quality meat.
I used to believe for quite a long time that the paper money was made from was worth almost as much as the money note itself. I wondered which kind of trees the various notes were made of and also whether money notes in Europe would have to be made from paper coming from exotic trees like ebony if they were to be worth a large sum, whereas african money of high value would for instance be coming from a pine tree. I asked my father about it and he explained. I wasn't concinced though.
A friend of mine seemed to think that 100 pence was worth £6.
When I was little I used to think that the money in the bank account was unlimited. I thought that all you had to do was to buy checkbook for about 40 Euros and then you could write out cheques until you ran out of paper, then you'd just buy a new one.
I thought you could buy a car with $100. I saw an ad for a car for about $100 per month. I did not understand financing and thought that you only had to pay about $100. When a family member actually bought a vehicle, the salesman said how much it cost and I realized that I was wrong.
I would get a lot of money from cousins on national holidays. I used to believe my mom, who said “If you gave all the money to me, I might give the money back after you enter elementary school”, but I didn’t get my money so far.