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Earning your own money

Lesson 40 · Written for kid, teen, and little

What You Actually Keep

Work out real profit by taking your costs away from your revenue.

The idea

A side hustle is a small business you run yourself, like a lemonade stand or a dog-walking round. The money customers pay you is revenue, the money you spend to make it happen is costs, and what is left over is profit. Profit is the only part you actually keep, so a busy day with big costs can still leave you with almost nothing. Counting both sides before you start is what turns a hobby into a real little business. 🍋

A

Words to know

5

Revenue

All the money customers pay you, before anything is taken out. Wash 8 cars at $10 and revenue is $80.

Cost

Money you spend to run your hustle, like cups, lemons, or dog treats.

Profit

What is left when you take your costs away from your revenue. $80 of washes minus $18 of soap and sponges is $62.

Price

How much you charge one customer for one thing. $10 for one car wash.

Break even

When revenue exactly equals costs, so your profit is zero. With $18 of supplies and a $10 price per wash, the second wash brings revenue to $20: you have covered your costs and made $2 of profit.

Try it — no accountSort into groups

Every hustle has money coming in and money going out.

Sort each line into revenue or cost.

0 / 6 sorted

In the full lesson

  1. 1Sort into groups
  2. 2Work out the number
  3. 3Make the call

Vine has 107 lessons like this one, each written three ways so a 7-year-old and a 17-year-old both get a version that fits.

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