Earning Money Concepts and Strategies

The video explores how adults earn income as employees or entrepreneurs, highlighting the benefits and risks of each. Employees work for companies and receive benefits like healthcare, while entrepreneurs start their own businesses, enjoying control but facing risks. Examples illustrate these roles, and the video encourages young viewers to start earning through small jobs or businesses.

What is a common benefit of being an employee?

• Unlimited income potential

• Taking all business decisions

• Company supports part of your taxes

• Setting your own schedule

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

What is a risk associated with being an employee?

• Freedom to choose clients

• Unlimited financial responsibility

• Job loss if company fails

• Having too much control

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

What is not a benefit mentioned for employees?

• Freedom to hire and fire

• Company pays part of taxes

• Help with retirement savings

• Company provides vacation time

Tags

CCSS.RI.1.1

CCSS.RL.1.1

CCSS.RL.1.2

CCSS.RL.3.1

CCSS.RL.5.1

What defines an entrepreneur?

• Starts their own business

• Works for a large corporation

• Follows company's strict schedules

• Receives a fixed monthly salary

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

Which scenario describes an entrepreneur?

• A baker owning a bakery

• A doctor working at a hospital

• A dog groomer at a pet shop

• A designer at a fashion company

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

What is a major risk for entrepreneurs?

• Too much company support

• Limited decision-making power

• Guaranteed monthly income

• Business failure financial responsibility

Which option is a characteristic of entrepreneurial work?

• Decision-making freedom

• Strict work schedules

• Job security

• Fixed salary

What can be a benefit of being both an employee and an entrepreneur?

• Fixed work hours

• Diverse income sources

• Less responsibility

• Limited income

Tags

CCSS.RL.1.3

CCSS.RL.2.1

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.K.3

How can young people start earning money according to the video?

• By only working at large companies

• Waiting until they are adults

• By investing in the stock market

• Through starting their own small businesses

Tags

CCSS.RI.2.7

CCSS.RI.3.7

CCSS.RL.2.7

CCSS.RL.3.7

CCSS.RL.4.7

What might young entrepreneurs need to start a business?

• A college degree

• Approval from a large corporation

• A significant amount of investment

• Materials and willingness to take risks