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How People Earn Money

Life Skills · Money & Finance · ages 7-9

Name ______________________ Date ____________

Doing chores or selling crafts you made are ways a child could earn some money.
Circle one: True False
Which of these is a way a grown-up can earn money?
- Having a job
- Sleeping all day
- Watching TV all afternoon
Which job usually needs the most years of training?
- Shop assistant
- Doctor
- Car wash helper
Mateo wants to earn some money this weekend. Which idea fits best?
- Wash a neighbor's car for a few dollars
- Wait for money to appear in his pocket
- Ask his parents to just hand him money for nothing
Mr. Lee left his shop job to open his own bakery. What way of earning money is he using now?
- Doing chores for a neighbor
- Selling crafts online
- Running his own business
Look at the chart showing typical yearly pay. Which bar is taller, and why might that job pay more?
- Shop assistant, because the job is easier
- Doctor, because the job needs many years of training and big responsibility
- They are the same because all jobs pay equally
Priya babysits her cousin for one evening. She dreams of becoming a children's doctor, which takes many years of school. Why might her future doctor job pay more than one evening of babysitting?
- Because a doctor job needs much more training and responsibility
- Because a doctor job takes less time each day
- Because babysitting always pays more than any job
Grandma says the only way anyone earns money is by having a job at a company. Is she right?
- Yes, a job at a company is the only way
- No, only children can earn money in other ways
- No, people can also run a business or sell things or do tasks for others

Answer key

For grown-ups. Fold this page away before handing over the rest.

How People Earn Money W1-mt_uP9faJlnRq-s1

True · Chores, car washes, and selling crafts are all ways kids can earn a little money.
Having a job · People earn money by doing work, like having a job.
Doctor · Doctors study for many years before they can treat patients.
Wash a neighbor's car for a few dollars · Washing a car for someone is a real task that earns real money.
Running his own business · Opening and running a bakery means Mr. Lee now owns his own business.
Doctor, because the job needs many years of training and big responsibility · The doctor bar is taller because doctors train for many years and carry big responsibility.
Because a doctor job needs much more training and responsibility · The many years of training and the responsibility of caring for patients are why doctors often earn more.
No, people can also run a business or sell things or do tasks for others · People can earn money through jobs, businesses, or by selling things and doing tasks, not just one way.