Types of Income
What are the three types of income?
Earned income, passive income, and unearned income.
If you earn $2,000 per month from your job and you receive $100 per month in interest from your savings account, what is your total monthly income?
$2,100
What is your Instructor's Name?
Vera Wright
What three sets of numbers are on the bottom of checks?
Routing numbers, checking account number, check number
What are three ways to increase your income?
Get a better job, start a side hustle, or invest in yourself to develop new skills.
Which type of income is money that you make from working a job or providing services?
Earned income.
If you have a summer job that pays you $10 per hour and you work 20 hours per week for 10 weeks, how much money will you earn?
$2,000
What is 7x7 ?
49
True or False: Your checked can be deposited if you forget to sign it?
False
What is an example of a side hustle that a teen can start?
Mowing lawns, babysitting, tutoring, or starting a blog.
Which type of income is money that you make without having to actively work for it?
Passive income.
If you start a blog and you earn $100 per month in advertising revenue, how much money will you earn in a year?
$1,200
When is the 8th month of the year?
August
True or False: Will there be a grand prize at the end of the program?
True.
What are some ways to invest in yourself to develop new skills?
Take online courses, read books, or attend workshops.
Which type of income is money that you make without having to actively work for it?
Unearned income
If you receive a scholarship for $10,000 per year, how much money will you receive in total if you go to college for 4 years?
$40,000
What does the acronym N/A mean?
Non-applicable.
Who are your House Members, do you remember?
Depends on the House.
What is the best way to find a better job?
Network with people in your field, update your resume, and practice interviewing skills.
What is an example of passive income?
Interest from savings, dividends from stocks, rent from property, or royalties from creative work.
If you rent out your apartment for $1,500 per month, how much money will you earn in a year?
$18,000
How many hours will you work in a year if you are a full time employee?
2,080
Will your team be the one to win the grand prize?
Yes.
What is the most important thing to remember when trying to increase your income?
It takes time and effort to increase your income, but it is possible with hard work and dedication.