Money and lifestyle - 6 Minute English
ฝัง
- เผยแพร่เมื่อ 10 ก.ค. 2019
- Improve your English vocabulary and speaking with 6 Minute English! Do you worry about your standard of living when you retire? How much money do you need to live the life you desire? How much money is enough money? These questions got Neil and Rob thinking as they talk about financial planning and teach you money-related vocabulary.
You'll find transcript and vocabulary on our website: www.bbc.co.uk/learningenglish/...
𝐌𝐨𝐫𝐞 𝐞𝐩𝐢𝐬𝐨𝐝𝐞𝐬:
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𝐕𝐨𝐜𝐚𝐛𝐮𝐥𝐚𝐫𝐲
𝐜𝐚𝐬𝐡𝐟𝐥𝐨𝐰 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭
a calculation of how much money you can expect to have at a particular time
𝐢𝐧𝐜𝐨𝐦𝐞
money coming in from, for example, your salary
𝐞𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞
money you have to pay out for your regular expenses such as rent, food, entertainment, transport, etc.
𝐚𝐬𝐬𝐞𝐭𝐬
the cash value of things that you own and your savings
𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬
the cash value of your debts, for example on credit cards or other loans
𝐭𝐨 𝐠𝐢𝐯𝐞 𝐬𝐨𝐦𝐞𝐨𝐧𝐞 𝐚 𝐡𝐚𝐧𝐝
to help someone
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💰 Can money buy you happiness? 🤗
Money which is used to free up your time makes you happier than money which is spent on material things, such as shoes, Canadian scientists have reported.
Dan and Catherine teach you language you can use to discuss this story: th-cam.com/video/aEofCqWuCT0/w-d-xo.html
Money can't buy happiness... Happiness comes free with money
Thanks a lot
Money can’t buy us happiness! Happiness starts from getting along with each other, understanding, and forgiving. Sometimes we don’t have any money, but we can make the best moments with family or people around us. So why do we need so much money? Just enjoy what we have at the moment is enough.
Some times may bring us happiness
Ñññññññfññeña
Despite the fact I need to use a vpn to watch youtube videos, I try to find a working one here in Turkmenistan to watch interesting English videos to improve my listening and speaking skills. Your videos are so helpful. Thanks a lot. Sorry if I made mistakes
TOPIC: Money and lifestyle
VOCAB:
- lifetime cashflow forecast: the calculation of how much money you can expect to have in a specific time in the future
- income: money you have coming in. Ex: salary, wage.
- expenditure: money you have coming out. Ex: buy food, pay for rent, entertainment, transport,...
- assets: cash value of things you own. Ex: property, cars, bycycle, jewellery, savings and investments,...
- liabiility: money that you owe. Ex: credit cards, loans
- project: calculate an amount or number expected in the future based on information that has already known
-> project forward: forecast, predict numbers of the lifetime cashflow forecast
- pension: the amount of money the government pays for the person retired (due to age/health)
----
- put together: combine several ideas and suggestions to create a piece of work, consider some facts and arrive at a conclusion -> combine 4 numbers to create a lifestyle financial planing/ a lifetime cashflow forecast/a model.
- come up with: suggest, manage to find/create. -> Those four numbers can manage to create a lifetime cashflow forecast.
- fall out: argue with sb and stop being friendly with them -> Let's not fall out about it: Neil said to Rob that they should stop argue with each other about who helps who.
COLLOCATIONS:
- can barely afford [my current lifestyle]
- financial features
- lifestyle financial planning: planing your finances to meet the kind of lifestyle you want to have.
- start with
- list something
- from month to month
- remind sb of sth
- live in blissful ignorance -> live without having any idea about things in your life/ plans/ goals.
- If by magic it will all work out in the end
- people with good pension
- get financially organised
- ask for help
- give sb a hand
LINKING:
- Same here, but perhaps, ...
- Before that through, ...
- A, B, C as well as D, E.
- ..., more importantly,...
- Now on with + topic
- Until then, ...
GRAMMAR
- S + + talking about sth, and in particular, sth.
- I'm going to guess that + clause 1 + as + clause 2.
- I have no ideas about
- It's + (not) about + topic
- S + cover all sorts of + O [financial features].
- S (person) leads + sth [an organisation/a company/a project]
- It would be + adj + for sb + to do sth
- S + help sb look forwards + to do st
- S + look forwards to + sth/doing sth [your company/your respond/seeing you] (ending)
- S + do sth + rather than + the other way around (the reverse way)
- Question tags.
- It's (nearly) time now + to do sth
- S + + balanced against + O
I used tons of this 6 minute audios to practice Simultaneous interpretation from English to Spanish when I was studying at university 10 years ago. So useful!!
Thank you BBC. stay blessed
Thank you BBC for giving us a hand in improving our English language skills.
- income : the money you have coming in. ex : salary
- expenditure : the money u have for going out like rent, food, transport and so on
- asset: the cash value of things you own. ex: property, car, savings, that kind of thing
- liability: the money that you owe on credit card or loans
- lifetime cash flow forecast : the calculation of how much money you can expect in the future enough to meet your expectation
- give a hand : help them
- millionaire firsted used in English in 1800
I just jot down to learn more thanks everyone
Very informative as well as new vocabulary!
You deserve kudos even before I watch cuz I'm sure you did a great effort.
Cám ơn bạn chia sẽ! học tiếng anh dễ dàng
I also look for your company every day.Thank you!
really, I found that your channel is more interesting to improve listening and to accumulate a baggage of vocabulary
Thank you so much ❤🌷
Thank you BBC, I don't lie, I utterly into listening 🎧 6min Eng , it's so useful and helpful for me. Really thank you again, May may God Bless You.
Thank you so much bbc🌸
Thank you so much 🌷🙏
Rob and Neil's voice is always so attrating. Hope i can have a chance to talk with them in the very future!
Thank you so much! Love it even though I can not able to comprehend the whole concept but that's OK. I'll get used to it. Nice voices.❤️❤️
Thanks for telling us.
Thank you so much for your videos👍👍👍
Thanks you so much.I can learn something 😊
Thanks BBC.
Love English person deeply appreciate your hardworking
That's true
OMG it is very helpful to improve listening
BBC is best english program in the world
It is very interesting 😍 Thank you
Thanks a lot guys !!
Neil: Xin chào, và chào mừng bạn đến với 6 Minute English. Tôi là Neil. Rob: Và tôi là Rob. Neil: Trong chương trình này, chúng tôi đang nói về tài chính và đặc biệt là lập kế hoạch cho lối sống tương lai của chúng tôi. Rob: Tôi hầu như không đủ khả năng chi trả cho lối sống hiện tại của mình! Neil: Ở đây cũng vậy, nhưng có lẽ hôm nay chúng ta sẽ chọn ra một số mẹo hay. Trước đó, một câu hỏi. Trở thành triệu phú có thể là một giấc mơ bất khả thi đối với hầu hết chúng ta, nhưng từ này được sử dụng lần đầu tiên trong tiếng Anh khi nào? Đó có phải là: a) 1600, b) 1700, hoặc c) 1800 - Bạn nghĩ sao, Rob? Rob: Tôi đoán rằng đó là những năm 1600 vì luôn có những người rất giàu có. Neil: Chà, tôi sẽ tiết lộ câu trả lời sau. Giờ đây, chương trình Hộp tiền của BBC bao gồm tất cả các loại tính năng tài chính. Gần đây họ nói về kế hoạch tài chính theo lối sống, tức là lập kế hoạch tài chính của bạn để đáp ứng phong cách sống mà bạn muốn có. Julie Lord lãnh đạo một tổ chức lập kế hoạch tài chính và cô ấy đã nói về quá trình lập kế hoạch tài chính theo lối sống. Cô ấy nói bạn cần bắt đầu bằng bao nhiêu số? Julie Lord: Chà, chúng tôi sẽ bắt đầu bằng cách nói rằng chúng tôi cần tập hợp một mô hình hoặc dự báo dòng tiền trọn đời lại với nhau. Bạn chỉ cần bốn con số: thu nhập, chi tiêu, tài sản, nợ và sau đó chúng tôi dự kiến sẽ cho bạn thấy bạn sẽ có lối sống nào nếu bạn không làm gì cả và nếu bạn thực sự làm một số điều - có lẽ là ISA hoặc Hưu trí hoặc bất kỳ loại sản phẩm tài chính nào khác - có thể giúp bạn. Neil: Vậy bạn cần bao nhiêu con số? Rob: Cô ấy nói rằng bạn bắt đầu chỉ với bốn con số. Neil: Đúng vậy. Đầu tiên trong số những con số này là thu nhập của bạn. Đây là số tiền bạn nhận được. Ví dụ như tiền lương của bạn. Rob: Sau đó là con số cho chi tiêu của bạn. Đây là số tiền bạn có để đi chơi: cho thuê, ăn uống, giải trí, đi lại, v.v. Neil: Số tiếp theo dành cho nội dung. Đây là giá trị tiền mặt của những thứ mà bạn sở hữu. Ví dụ như tài sản, ô tô, đồ trang sức cũng như tiền tiết kiệm và đầu tư, những thứ đó. Rob: Và cuối cùng là nợ phải trả. Đây là số tiền mà bạn nợ, chẳng hạn như thẻ tín dụng hoặc các khoản vay. Neil: Vì vậy, nếu bạn biết những chi tiết này, cô ấy nói rằng họ có thể đưa ra dự báo dòng tiền trọn đời, đây là phép tính số tiền bạn có thể có trong tương lai và liệu điều đó có đủ để đáp ứng kỳ vọng của bạn hay không. Bạn có những chi tiết đó? Bạn có biết số của mình không, Rob? Rob: Tôi có một bảng tính rất chi tiết, nơi tôi liệt kê thu nhập và chi tiêu của mình. Vì vậy, tôi biết từ tháng này sang tháng khác tôi cần bao nhiêu tiền và tôi có thể chi tiêu bao nhiêu. Neil: Nghe có vẻ rất tổ chức! Nó cho bạn biết gì về tương lai của bạn? Rob: Chà, nó chỉ nhắc tôi nhớ chính xác số tiền mà tôi không có. Nó khá là chán nản! Còn bạn thì sao, Neil? Neil: Ồ, tôi sống trong sự ngu dốt hạnh phúc. Tôi không biết khoản nợ của mình lớn đến mức nào. Tôi cố gắng không lo lắng về điều đó. Tôi nghĩ bây giờ tôi còn quá trẻ để lo lắng về điều đó và như thể bằng phép thuật thì cuối cùng mọi chuyện sẽ thành công. Vì vậy, sẽ rất khó cho tôi để đưa ra bốn con số đó. Dù sao đi nữa, hãy cùng nghe Julie Lord mô tả lại quy trình lập kế hoạch tài chính theo lối sống. Julie Lord: Chà, chúng tôi sẽ bắt đầu bằng cách nói rằng chúng tôi cần phải tập hợp một mô hình hoặc dự báo dòng tiền trọn đời lại với nhau. Bạn chỉ cần bốn con số: thu nhập, chi tiêu, tài sản, nợ phải trả của bạn và sau đó chúng tôi dự kiến sẽ cho bạn thấy bạn sẽ có lối sống nào nếu bạn không làm gì cả và nếu thực sự bạn làm một số điều - có lẽ là ISA hoặc lương hưu hoặc bất kỳ loại sản phẩm tài chính nào khác - có thể giúp bạn. Neil: Có phải việc lập kế hoạch tài chính theo lối sống chỉ dành cho những người lớn tuổi có lương hưu tốt? Theo Julie Lord thì không. Julie Lord: Chà, đó không phải là tất cả về tuổi già, phải không? Ý tôi là, có những người. . . chúng tôi có khá nhiều khách hàng trẻ tuổi đến với chúng tôi và nói rằng 'chúng tôi chỉ muốn tổ chức tài chính, chúng tôi đã nghe về tất cả những thứ này, những sản phẩm tài chính này, không biết chúng là gì hay quan trọng hơn là chúng là gì' sẽ làm cho chúng tôi, vì vậy bạn có thể giúp chúng tôi một tay để giúp chúng tôi chờ xem điều gì sẽ xảy ra '. Neil: Vì vậy, cô ấy cũng có những khách hàng trẻ tuổi yêu cầu sự giúp đỡ của công ty cô ấy. Rob: Vâng, cô ấy sử dụng cụm từ, hãy giúp chúng tôi một tay, có nghĩa là giúp đỡ ai đó. Nếu bạn giúp ai đó một tay, bạn sẽ giúp họ. Neil: Chính xác, theo cách mà tôi giúp bạn có 6 phút tiếng Anh. Rob: Chà, tôi nghĩ tôi giúp anh một tay chứ không phải ngược lại, Neil. Neil: Thực sự, chúng ta đừng quên nó. Hãy cùng nghe lại Julie Lord. Julie Lord: Chà, đó không phải là tất cả về tuổi già, phải không? Ý tôi là, có những người. . . chúng tôi có khá nhiều khách hàng trẻ tuổi đến với chúng tôi và nói rằng 'chúng tôi chỉ muốn tổ chức tài chính, chúng tôi đã nghe về tất cả những thứ này, những sản phẩm tài chính này, không biết chúng là gì hay quan trọng hơn là chúng là gì' sẽ làm cho chúng tôi, vì vậy bạn có thể giúp chúng tôi một tay để giúp chúng tôi chờ xem điều gì sẽ xảy ra '. Neil: Đã gần đến lúc ôn lại từ vựng của chúng ta, nhưng trước tiên, chúng ta hãy có câu trả lời cho câu hỏi đố vui của chúng ta. Từ triệu phú lần đầu tiên được sử dụng trong tiếng Anh khi nào? Có phải là: a) 1600, b) 1700 hay c) 1800 - Bạn nghĩ gì vậy Rob? Rob: Tôi đoán và nói đó là những năm 1600. Neil: Chà, lần này không phải là một dự đoán tốt, tôi e rằng. Thực ra sau này rất nhiều. Đó là những năm 1800 khi nó lần đầu tiên được sử dụng bằng tiếng Anh, mặc dù đã xuất hiện bằng tiếng Pháp vào những năm 1700. Bây giờ với từ vựng. Rob: Vâng, chúng tôi đã có rất nhiều điều khoản tài chính trong chương trình này. Chúng tôi đã có dự báo về dòng tiền. Đây là phép tính về số tiền bạn có thể có vào một thời điểm cụ thể trong tương lai. Neil: Và dự báo dòng tiền dựa trên việc biết thu nhập của bạn, đó là số tiền bạn vào và chi tiêu của bạn, số tiền bạn đi ra. Rob: Bạn cũng cần biết tài sản của mình, đó là giá trị của những thứ bạn sở hữu cũng như các khoản tiết kiệm và đầu tư. Số tiền này được cân bằng với nợ phải trả của bạn, là thuật ngữ chỉ số tiền bạn nợ, ví dụ như trên thẻ tín dụng. Neil: Và cuối cùng chúng tôi có thành ngữ '' to give someone a hand '' nghĩa là giúp đỡ ai đó. Chà, đó là tất cả từ chúng tôi trong chương trình này. Chúng tôi mong muốn công ty của bạn thời gian tới. Cho đến lúc đó, bạn có thể tìm thấy chúng tôi ở tất cả những nơi thông thường trên mạng xã hội, trực tuyến và trên ứng dụng của chúng tôi. Chỉ cần tìm kiếm bbclearninglish. Tạm biệt, và cảm ơn Rob, đã giúp tôi một tay. Rob: Không, cảm ơn bạn đã giúp tôi một tay. Tạm biệt!
It's so helpful
Thank you so much!
Health, wealth, love. We need to learn life long....
Thank u BBC love from Tunisia 🇹🇳
Hey
Thank you BBC, I am in London for learning English and I'm here on TH-cam to practice English more.
How is your English level now? And what are you using English for?
Thank you so much for this video, I love it and I replay many time in this morning to listen it. Now, I undestand more the term "cashflow forecast", it is very clear. Thanks again
I hope in all videos have English subtitle❤️
thank you bbc 😘
loved it ♥ ty
It is great if you make more "6 minutes of English box set" because it is very convenient for me. It is wonderfull !!! Thank you
It's very helpful to learn English
Thanks BBC for giving me a hand
transcript
Neil
Hello, and welcome to 6 Minute English. I'm Neil.
Rob
And I'm Rob.
Neil
In this programme we're talking about finance and in particular planning for our future lifestyles.
Rob
I can barely afford my current lifestyle!
Neil
Same here, but perhaps we’ll pick up some good tips today. Before that though, a question. Being a millionaire may be an impossible dream for most of us, but when was the word first used in English? Was it:
a) 1600s
b) 1700s, or
c) 1800s
What do you think, Rob?
Rob
I’m going to guess that it’s the 1600s as there have always been very wealthy people.
Neil
Well, I’ll reveal the answer later. Now, the BBC Money Box programme covers all sorts of financial features. Recently they were talking about lifestyle financial planning, which is planning your finances to meet the kind of lifestyle you want to have. Julie Lord leads a financial planning organisation and she talked about the process of lifestyle financial planning. How many numbers does she say you need to start with?
Julie Lord
Well, we would start by saying that we need to put together a lifetime cashflow forecast or a model. You just need four numbers: your income, your expenditure, assets, liabilities and then we project forward to show you what sort of lifestyle you will have if you do nothing at all and if indeed you do some of the things that - perhaps an ISA or a pension or any other kind of financial product - might help you with.
Neil
So how many numbers do you need?
Rob
She says that you start with just four numbers.
Neil
That’s right. The first of these numbers is your income, this is the money that you have coming in, your salary, for example.
Rob
Then there is the number for your expenditure. This is the money you have going out for rent, food, entertainment, transport and so on.
Neil
The next number was for assets. This is the cash value of things that you own. For example property, cars, jewellery as well as savings and investments, that kind of thing.
Rob
And finally there is liabilities. This is the money that you owe, for example on credit cards or loans.
Neil
So if you know these details, she says they can come up with a lifetime cashflow forecast, which is a calculation of how much money you can expect to have in the future and if that is enough to meet your expectations. Do you have those details? Do you know your numbers, Rob?
Rob
I have a very detailed spreadsheet where I do list my income and expenditure. So I do know from month to month how much money I need and how much I can spend.
Neil
That sounds very organised! What does it tell you about your future?
Rob
Well, it just reminds me of exactly how much money I don’t have. It’s quite depressing! How about you, Neil?
Neil
Oh, I live in blissful ignorance. I have no idea how big my debts are. I try not to worry about it. I kind of think I’m much too young to worry about it now and that as if by magic it will all work out in the end. So it would be difficult for me to come up those four numbers. Anyway, let’s listen to Julie Lord again describing the lifestyle financial planning process.
Julie Lord
Well, we would start by saying that we need to put together a lifetime cashflow forecast or a model. You just need four numbers: your income, your expenditure, assets, liabilities and then we project forward to show you what sort of lifestyle you will have if you do nothing at all and if indeed you do some of the things that - perhaps an ISA or a pension or any other kind of financial product - might help you with.
Neil
Is lifestyle financial planning only for older people with a good pension? Not according to Julie Lord.
Julie Lord
Well, it’s not all about old age, is it? I mean there are people… we have quite a number of younger clients who come to us and say 'we just want to get financially organised, we've heard about all this stuff, these financial products, no idea really what they are or, more importantly, what they’re going to do for us, so can you give us a hand to help us look forward to see what will happen'.
Neil
So she also has younger clients who ask for her company’s help.
Rob
Yes, she uses the phrase, give us a hand, which means to help someone. If you give someone a hand, you help them.
Neil
Exactly, in the way that I give you a hand with 6 Minute English.
Rob
Well, I think I give you a hand rather than the other way around, Neil.
Neil
Really, well let’s not fall out about it. Let’s listen to Julie Lord again.
Julie Lord
Well, it’s not all about old age, is it? I mean, there are people… we have quite a number of younger clients who come to us and say 'we just want to get financially organised, we've heard about all this stuff, these financial products, no idea really what they are or, more importantly, what they’re going to do for us, so can you give us a hand to help us look forward to see what will happen'.
Neil
It’s nearly time now to review our vocabulary, but first, let’s have the answer to our quiz question. When was the word millionaire first used in English? Was it:
a) 1600s
b) 1700s, or
c) 1800s
What did you think, Rob?
Rob
Well, I guessed and said it was the 1600s.
Neil
Well, not a good guess this time, I’m afraid. It’s actually a lot later. It was the 1800s when it was first used in English, though it had appeared in French in the 1700s. Now on with the vocabulary.
Rob
Yes, we had a lot of financial terms in this programme. We had cashflow forecast. This is a calculation of how much money you can expect to have at a particular time in the future.
Neil
And the cashflow forecast is based on knowing your income, which is the money you have coming in and your expenditure, the money you have going out.
Rob
You also need to know your assets, which is the value of things you own as well as savings and investments. This is balanced against your liabilities, which is the term for the money that you owe, for example on credit cards.
Neil
And finally we had the expression to give someone a hand meaning to help someone. Well, that’s all from us in this programme. We look forward to your company next time. Until then, you can find us in all the usual places on social media, online and on our app. Just search for bbclearninglish. Bye, and thanks Rob for giving me a hand.
Rob
No, thank you for giving me a hand. Bye!
Thank you
BBC Learning English is one of the my best friends in my life. Thanks a lot for great programs...
Congratulations. You explained the four expressions "income, expenditures, assets and liabilities" very well. In fact you need a lot of backround knowledge - especially in accounting!
Thank you! It's not the first time we've covered this type of vocabulary, though. If you like finances, maybe you'd like some commerce vocabulary? Learn all about the yam trade of Nigeria in this Lingohack: www.bbc.co.uk/learningenglish/english/features/lingohack/ep-180207
Thank you , you are the best !
Thankyou BBC. now i have reference to learning English
You're wecome, K2rest. We are glad you like our content. Visit our website for more useful videos, guides and quizzes to help you improve your English: www.bbc.co.uk/learningenglish
Hi there !
I think Ms Lord has been the hardest interviewed to listen to. She speaks really fast !
Thanks for the video guys !
You can always rewind and replay the video again and again. Hopefully you will eventually understand her!
Amazing method
Happy New year 2021BBC!!!
Thank you, BBC. 💚
our life always has involvement of money, and 4 factors: income, expenditure, assets, liabilities somtimes make us to be tired really. If you have money, not sure you will happy. But if you don't have money, you will not get happiness surely.
Thank BBC Learning English for making me be interested in learning English everyday
👍
Thanks a lot
Thank you so much
thank you so much
Assets= liabilities+ owner's equity
Basic accounting equation
it was a great vedio we in Syria you have to work more than job until you can to survive
It's such a nice talk😍
Thanks you
Please, make the new words of each video in the description of video, it's very helpful for us
I hope my English listening skill can be improved as I hear audios from 6 minutes English everyday. I not only make progress in my English but also learn some brand new things from them, Thank in advanced
Good luck in your studies! If you practise every day, we are sure you will make quick progress! 🙂
"Thank in advanced"=> "Thank you in advanced" or "Thanks in advanced"
But as you show your appreciation to BBC, you should just say "Thank you so much".
"Thank you in advanced" is used when you ask somebody to do you a favor, and you genuinely expect him/her to help you out.
Thanks...
cố lên nha
@@morgianaalibabax2307 thank you so much
I love 6 minute english 💕
I love Quynh Chi
great!! Thanks so much for your video BBC. It;s maybe giving me a hand for my listening skill !!lmao
thank bbc
thank you for giving me a hand. I love 6 minutes english.
that is good way to learn English 👍
yeah,sure
I love BBC
Thank you BBC for giving me a hand😀
You're welcome! Any time! 😀
if you want to be happy. you have to be the change that you want to see
Thank u for giving me a hand ♡
Could you show me how can I creat subtitles or find somewhere on TH-cam. If I want to see subtitles I have to espace TH-cam and access into the main web BBC.com
Thank for your reply!
Hope to see more videos! 🙏
We have plenty more to watch here on our You Tube channel.th-cam.com/channels/HaHD477h-FeBbVh9Sh7syA.html?view_as=subscriber
money can't buy everything, but it does work
Thank you for giving me a hand
Good
good
*I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $100k*
Denzel Washington once said *"TO get what you never had before you have to do what you never did before"*
In times like this,the best thing any American can do for him or herself is to have another source of income apart from his or her salary,invest wisely people!
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
@@patriciamaria7952 I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading
@@patriciamaria7952 But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time
my point of view no money is not everything we should work hard on ourselves and develope our skills
So good when you have a money
As a doctor i do not believe that robots, AI can replace doctors, but they will help doctor massively
Thanks for a great lesson!! But I miss watching you guys instead of only the picture on the background...
Ah! Then you'll want to see News Review! That way you can catch up on all the latest news AND see us discussing it! Here's the playlist! bit.ly/2K0Fdf0
Someone tell me what is the begin of sound name of the importance of being earnest drama ?
The woman was talking really quick. 😥
Yes and in addition of her fast way of speaking, I feel her voice really disagreeable.🙂
I agree with you
MINH WJSN yes
MINH WJSN She speaks annoyingly quick
settings -> playback speed -> 0.75
Many people nowadays have more assets but they could not find happiness by owning them. Therefore, I strongly believe that money has nothing to do with happiness.
No money no happines
Have a millionaire mindset.
1:27 what does ISA stand for ? 🙏🙏🙏
Thanks for giving me a hand, i think money is not everything but everything needs money haha
1:17 income; expenditure; assets; liabilities.
2:14 lifestyle cashflow
Julie Lord: I wanted to make problems for english learners so that they listened to this video 3 hours instead of 6 minutes
so much 3 hours and you may not learn well
Thank you for giving me a hand😁
do you have a telegram channel?
I can’t live without money
money can’t buy happiness but It make you happy
thuy pham absolutely true
Would you say this listening is appropiate for B1 or B2?
It's quite simple to understand. My level is B1.
Good day! What is ISA...HAVEN'T FOUND....
Money is not everything, but if we do not have money, we do not have everything.
Please add english subtitles.
You can find the transcript to all of our 6 Minute English videos in the description. Here's the link: www.bbc.co.uk/learningenglish/english/features/6-minute-english/ep-190711
The woman spoke like lightning 😌
Nice video but you should write down the vocabulary words and meaning in this video
Transcript
Note: This is not a word for word transcript
Neil
Hello, and welcome to 6 Minute English. I'm Neil.
Rob
And I'm Rob.
Neil
In this programme we're talking about finance and in particular planning for our future lifestyles.
Rob
I can barely afford my current lifestyle!
Neil
Same here, but perhaps we’ll pick up some good tips today. Before that though, a question. Being a millionaire may be an impossible dream for most of us, but when was the word first used in English? Was it:
a) 1600s
b) 1700s, or
c) 1800s
What do you think, Rob?
Rob
I’m going to guess that it’s the 1600s as there have always been very wealthy people.
Neil
Well, I’ll reveal the answer later. Now, the BBC Money Box programme covers all sorts of financial features. Recently they were talking about lifestyle financial planning, which is planning your finances to meet the kind of lifestyle you want to have. Julie Lord leads a financial planning organisation and she talked about the process of lifestyle financial planning. How many numbers does she say you need to start with?
Julie Lord
Well, we would start by saying that we need to put together a lifetime cashflow forecast or a model. You just need four numbers: your income, your expenditure, assets, liabilities and then we project forward to show you what sort of lifestyle you will have if you do nothing at all and if indeed you do some of the things that - perhaps an ISA or a pension or any other kind of financial product - might help you with.
Neil
So how many numbers do you need?
Rob
She says that you start with just four numbers.
Neil
That’s right. The first of these numbers is your income, this is the money that you have coming in, your salary, for example.
Rob
Then there is the number for your expenditure. This is the money you have going out for rent, food, entertainment, transport and so on.
Neil
The next number was for assets. This is the cash value of things that you own. For example property, cars, jewellery as well as savings and investments, that kind of thing.
Rob
And finally there is liabilities. This is the money that you owe, for example on credit cards or loans.
Neil
So if you know these details, she says they can come up with a lifetime cashflow forecast, which is a calculation of how much money you can expect to have in the future and if that is enough to meet your expectations. Do you have those details? Do you know your numbers, Rob?
Rob
I have a very detailed spreadsheet where I do list my income and expenditure. So I do know from month to month how much money I need and how much I can spend.
Neil
That sounds very organised! What does it tell you about your future?
Rob
Well, it just reminds me of exactly how much money I don’t have. It’s quite depressing! How about you, Neil?
Neil
Oh, I live in blissful ignorance. I have no idea how big my debts are. I try not to worry about it. I kind of think I’m much too young to worry about it now and that as if by magic it will all work out in the end. So it would be difficult for me to come up those four numbers. Anyway, let’s listen to Julie Lord again describing the lifestyle financial planning process.
Julie Lord
Well, we would start by saying that we need to put together a lifetime cashflow forecast or a model. You just need four numbers: your income, your expenditure, assets, liabilities and then we project forward to show you what sort of lifestyle you will have if you do nothing at all and if indeed you do some of the things that - perhaps an ISA or a pension or any other kind of financial product - might help you with.
Neil
Is lifestyle financial planning only for older people with a good pension? Not according to Julie Lord.
Julie Lord
Well, it’s not all about old age, is it? I mean there are people… we have quite a number of younger clients who come to us and say 'we just want to get financially organised, we've heard about all this stuff, these financial products, no idea really what they are or, more importantly, what they’re going to do for us, so can you give us a hand to help us look forward to see what will happen'.
Neil
So she also has younger clients who ask for her company’s help.
Rob
Yes, she uses the phrase, give us a hand, which means to help someone. If you give someone a hand, you help them.
Neil
Exactly, in the way that I give you a hand with 6 Minute English.
Rob
Well, I think I give you a hand rather than the other way around, Neil.
Neil
Really, well let’s not fall out about it. Let’s listen to Julie Lord again.
Julie Lord
Well, it’s not all about old age, is it? I mean, there are people… we have quite a number of younger clients who come to us and say 'we just want to get financially organised, we've heard about all this stuff, these financial products, no idea really what they are or, more importantly, what they’re going to do for us, so can you give us a hand to help us look forward to see what will happen'.
Neil
It’s nearly time now to review our vocabulary, but first, let’s have the answer to our quiz question. When was the word millionaire first used in English? Was it:
a) 1600s
b) 1700s, or
c) 1800s
What did you think, Rob?
Rob
Well, I guessed and said it was the 1600s.
Neil
Well, not a good guess this time, I’m afraid. It’s actually a lot later. It was the 1800s when it was first used in English, though it had appeared in French in the 1700s. Now on with the vocabulary.
Rob
Yes, we had a lot of financial terms in this programme. We had cashflow forecast. This is a calculation of how much money you can expect to have at a particular time in the future.
Neil
And the cashflow forecast is based on knowing your income, which is the money you have coming in and your expenditure, the money you have going out.
Rob
You also need to know your assets, which is the value of things you own as well as savings and investments. This is balanced against your liabilities, which is the term for the money that you owe, for example on credit cards.
Neil
And finally we had the expression to give someone a hand meaning to help someone. Well, that’s all from us in this programme. We look forward to your company next time. Until then, you can find us in all the usual places on social media, online and on our app. Just search for bbclearninglish. Bye, and thanks Rob for giving me a hand.
Rob
No, thank you for giving me a hand. Bye!
Thank you so much!
I don’t know surely the meaning of idiom: live in blissful ignorance”. I make a sentence like as: I still live in blissful ignorance although my family’s company goes bankrupt. Is it right?
I can't reach the learning english website from Vietnam :(
use chrome
you can use Hola to change cookies
Where is subtitle. I don't understand without subtitle 😢please,audioscript
I form Hong kong