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 hello@financewithkids.com. 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?"

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