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How Do People Make Money?

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.

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How Do People Make Money?

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  1. How Do People Make Money?

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

  3. 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!

  4. 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!

  5. 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!

  6. 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!

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