How Do People Make Money?. Discussion: What are some ways that you have earned or made money?

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Presentation transcript:

How Do People Make Money?

Discussion: What are some ways that you have earned or made money?

Types of Income Wage: Money that is given to someone in exchange for their work. Paycheck Do any of our examples fit into this category? If not, let’s brainstorm!

Types of Income Cont. Rent: Money paid to a landlord by the tenant for use of their property. Landlord: Person who owns the property that is being rented. Tenant: Person who is renting the property (Renter). Do any of our examples fit into this category? If not, let’s brainstorm!

Types of Income Cont. Interest: Money earned because your money was borrowed or used. Savings Account Do any of our examples fit into this category? If not, let’s brainstorm!

Types of Income Cont. Profit: Income a person or company receives for their goods and services after the expenditures of a company have been subtracted. Cash for product – Expenses to make and sell the product = Profit Do any of our examples fit into this category? If not, let’s brainstorm!