EY Y01 L12 Money

There are many people on TV who flaunt their money. Name one. Why are they rich? How do they flaunt their wealth?
Who is the richest person you know? How did they get rich? Are they humble with their wealth?
Everyone has a difficult relationship with money. Tell me one way in which you are prudent or spendthrift (e.g. where do you try to save money)?
Tell me one way in which you are extravagant or wasteful (e.g. what you are prepared to spend more than the average person on)?
Tell us about 3 things you would do if you won $1million (1億円) in the lottery tomorrow?
Would winning the lottery or getting rich through inheritance or investment have a positive or negative impact on your life? Why do you think so?

Question 1

The Kardashians are people who regularly flaunt their money on TV and social media. The public is so interested in them precisely because they don't really know what they did to have so much money. They don't sing or dance or act, somehow they worked their way to making friends with celebrities and started their own businesses from there.

Question 2

The richest person I know personally, was my boss back in Manila. His family has always been rich, his dad is the CFO of the biggest pharmaceutical company in the Philippines, and my boss has started several businesses when he was in America and then again when he went back to the Philippines. He is pretty humble with his wealth. He is always kind to our cleaning lady at work and would have the people who serve him (body guards or maids) eat first when we have a party.

Question 3

I have always been obsessed with saving money so that I can spend it on traveling all over the world. I always try to buy things at the cheapest price possible while still maintaining a level of quality that is suitable for my needs. I don't care about buying branded products as long as they work properly and the price is reasonable. I also only buy new things when I can't use something anymore.

Question 4

I am prepared to spend more on vacations than most people. On average I spend 150,000 yen for a single vacation and I can't go on vacation abroad for less than 7 days. I feel like it would be a waste of money if the vacation is too short.

Question 5

I would buy all the furniture and decorations needed for my new house (we currently don't have much furniture yet), then I'll give some money to my parents and husband, then I'll put some money aside to travel to Europe. The rest of the money, around 60% of it, I'd like to just put in investments so I can grow my money.

Question 6

I think it would have a positive impact on my life because I am generally sensible with money and won't spend it recklessly. I intend to save most of it and get even more money over time by making careful investments.