moneyShow most recent or highest rated first. Common beliefs in this section include:
I used to believe that for adults, your age was equal to your wage. 35 year olds make $35,000 a year, a 45 year old makes ten thousand more than that. In my family, the older someone was, the more money they seemed to have, so it made perfect sense. I finally realized that people's ages can be much smaller or larger than their wages. (No comment regarding how I'm doing!)
I used to think that ATM machines just gave out free money when you needed it. Ahhh if only...
In 3rd grade we were given an assignment to write about what we'd do if we'd won $10,000. I had grand plans about traveling the world, owning a fleet of airplanes and cruise ships, living in mansions with servants and never having to work again.
I used to believe that money was just a verification of wealth, and you only had to show a shopkeeper that you had the money to pay for something, and they would give it to you. So, the first time I payed for something on my own when I was five or six, I showed the shopkeeper five pounds (I live in the UK), grabbed my item, and turned to leave. He wasn't best pleased, but I was adamant that I had payed! In the end, my Nan gave him the money, and I couldn't understand why she was just giving it away! I thought money was like a passport for buying things, and it seemed silly just to give it away! After all, you wouldn't just give your passport away!
I used to think that everything sold for the exact price it cost to make it. I didn't comprehend that anyone would be aiming to make a profit on anything.
I used tho think that gas was only $4 and i would be like why are people so worried about gas prices. then one day i figured out it was per gallon and it was a huge discovery.
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. :)
When I was young, I couldn't understand how you put money on your mobile phone, so I came to the conclusion that you'd take the back off and there would be a special slot for the money, which would slowly disappear as you use it.
I used to believe that when you put bills into a vending machine, it shredded them. (Because of the noise.) What stymied me though, was when you hit the change return it GAVE THE BILL BACK. I couldn't figure out how the machine put the pieces back together so seamlessly. And it WAS the same bill, cuz I tested it by writing down the serial number. :|
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.
Not me but my mom knew someone who didn't realize when people talk about "The Government" paying for something it meant with tax money. Apparently he thought the Government just had a unlimited amount of money just sitting around or something! What a maroon..
I used to believe that the bigger the coin was, the more it was worth.
I remember as a kid I was totally confused by the trays they somtimes had a stores that had money in them and said "give a penny, take a penny". I thought it meant you should put a penny in it and then take another one out and I didn't get the point of it.
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.
I sometimes watched people borrowing money from others. They said "I'll give it back to you tomorrow" or something like that.. I always wondered how they would be able to give it back after having spent it.
I thought if you had $100 you were rich!
When I was kid I didn't get what decimal points meant so when I would see (for example) a toy that was $9.99 I thought it meant it was $999 dollars and thought that seemed awfully expensive for a toy...
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.
When my mother complained about bills I would tell her to just put them in the bin, thinking that would be them gone.
I used to believe that 'bankruptcy" meant that you were actually going to rob a bank