21: Understanding Revenue, Expenses, and Profit

Finance With Kids

In this week's episode of Finance with Kids, host Steve is joined by Ava to talk about the basics of revenue, expenses, and profits. Steve and Ava break down these important financial terms in a way that's easy for kids to understand. They start by discussing what revenue is and how it's generated, using examples like lemonade stands and selling items online. Then, they move on to talk about expenses, which are the costs associated with running a business or making a product. Ava shares some common business expenses, such as ingredients for making lemonade like lemon, sugar, and water. Finally, Steve and Ava talk about profits, which are what's left over after you subtract expenses from revenue. They explain that profits are important because they allow businesses to grow and reinvest in themselves. They also discuss how individuals can use profits to achieve their personal financial goals. Throughout the episode, Steve and Ava offer tips and tricks for managing revenue, expenses, and profits, including the importance of budgeting and tracking your finances. Join us for this fun and informative episode of Finance with Kids!
Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to [e-mail]. For example "Hi, my name is Leah, I'm 6 years old, I live in San Diego, California, and my question is--what is an asset?"
Adults, do you want gain free access to tools, videos, and other great resources to build better financial skills and achieve higher levels of success? If so, join one of our free communities today at: https://www.byfiq.com/community
Also, check out these three courses that will help sharpen your financial and investing acumen:
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When you're ready to start living an abundant financial life, take a look at one of our accelerator programs.
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This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in Coltivar or its Affiliates. (An offering to invest in a Coltivar fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Coltivar, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

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