Lose money

February 14th, 2014
By

Olivia heard a radio news report that the US Postal Service is "losing money." She asked me why it's losing money.

To answer a first grader, one must learn to think like a first grader. I'm getting pretty decent at this.

"Do you know what losing money means?" I asked, to establish a baseline.

"That you become homeless?" she guessed.

"What I mean is, do you think people lose money the way you lose your toys around the house?" I clarified.

"Oh. Yeah," she said.

I explained it's a figure of speech to mean not earning money. Then I continued to the real lesson.

"So, if I were selling my cupcakes at the school bake sale for $3, but it costs me $5 to make it, I lose money. Do you understand that?" I illustrated.

Fish eyes. Blank stare. "Uh. No," she stated.

"OK, let me try this," I paused to think. "You draw these pretty pictures. If it costs you a dollar in supplies but you sell it for 50 cents, that's losing money. Get it?"

More blank staring. "No. What's 50 cents?"

I have no idea why Olivia doesn't know what 50 cents means since she asks for Icee money every Wednesday, but this is par for the course with a six year old. I'd have thought she wouldn't know what supplies means, but then again, she uses the word "edible" in her normal conversation.

I chuckled and gave up. "Let's talk about this another time... Wanna watch TV?"

Score me one point on the excellent redirect.

So... any ideas how to explain P&L to a first grader?

7 Responses to “Lose money”

  1. M:

    Happy Valentines Day Diane!


  2. Kimo808:

    Hey, Ben Wood reports the BIG news of the day - that you're leaving the Halekulani. What's next?


  3. Kimo808:

    Hey, Ben Wood reports the big news of the day . . . that you're leaving the Halekulani. What's next? Back to TV?


  4. Diane Ako:

    Hi Kimo808 and all gentle readers! I'm not returning to TV at this moment, but would love to if there was a right fit that works around my parenting needs. I did love that work and culture. I don't know what I'm doing next! I just know I wanted more time to focus on my family. It was a great job, though, and I will miss a lot about it. I'll address this more in a blog next week. Happy Valentines Day!!!


  5. rayboyjr:

    Hey Diane ... Happy Valentines Day!!!

    ... would be great seeing you on the air again in any capacity ...

    ... about the phrase "Lose Money" ... I thought you were going to describe the more common usage ... at least the usage more common to me ... "Lose Money" as in a fruitless action, unproductive, unprofitable, waste of time, and so on ... kinda like this ...

    Kimo: "Eh Joonyah Boy, howz da after Christmas diet stay going?"

    rayboyjr: "Ah, lose money!"


  6. Diane Ako:

    Hi Rayboyjr, Yes! Thanks for picking up the play on words. Cuz lose money, try to explain that stuff to my kid! And thanks for the encouragement about jobs. If it's meant to be, it'll happen :) Would be nice.


  7. chopsueyboy:

    Does Olivia have her own stash of money?
    If yes, and her if she would like to make a deal?
    Mommy will pay her a quarter (optional denomination) for eating all her food at a sit down meal,
    but Olivia has to pay you a quarter plus a dime for the cost of buying her food and for you to prepare it for her.
    Just a thought, currently brain dead after surviving (sort of) Valentine's Day marathon with Petals & Beans' orders and deliveries. Why am I up???


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