EY Y01 L12 Money

This week’s Questions

  1. There are many people on TV who flaunt their money. Name one. Why are they rich? How do they flaunt their wealth?
  2. Who is the richest person you know? How did they get rich? Are they humble with their wealth?
  3. 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)?
  4. 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)?
  5. Tell us about 3 things you would do if you won $1million (1億円) in the lottery tomorrow?
  6. 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?

This week’s Responses

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Teacher’s Compositions


by Kamille Mercado

December 18, 2019

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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.

Tough Vocabulary


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by Gordi Whitelaw

August 3, 2019

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Question 1

Vince McMahon is the owner of WWE, which is the largest pro wrestling promotion in the world. He is kind of similar to Mr. Trump in that, while he may actually be (or may have at some point been) a billionaire, he likes to act like he is among the world's richest and most successful businessmen (which he certainly is not). Partly, though, Mr. McMahon's arrogance is due to the fact that he is playing a bad guy character (the evil rich owner) in his own wrestling promotion.

Question 2

Probably the richest person I ever knew was George Williams, who owned a very large moving and storage company in Canada. He was a multi-millionaire in Canada in the 1970s, when that was a pretty rare thing. He was very humble in his wealth. He started out as a truck driver and built a very large business. My father was not a rich man, but George was one of his closest friends.

Question 3

When I travel, I prefer to stay in inexpensive hotels. I like to save my money for sightseeing, trying local food, and buying souvenirs. I also like to go to inexpensive but good restaurants and drink inexpensive but delicious sake. I often shop for clothes at Uniqlo, and don't wear designer fashions.

Question 4

Even though I prefer inexpensive food and drink I think I probably spend more than most people on eating and drinking, because I enjoy it so much.

Question 5

I would put half of the money away, perhaps in a trust fund, to take care of my daughters' future. I would take my family out to an onsen hotel for a relaxing little vacation. I would take my drinking friends out to a nice beer garden, my treat.

Question 6

I have simple tastes and enjoy simple pleasures. I don't have any desire to buy a big house, a fancy car, or a designer wardrobe. I think that if I suddenly got a lot of money it would not change my life very much. I know what is important to me. I know what I enjoy. My family would still be the centre of my life; and I believe that my friends and my hobbies would not change . I thin that more money would just allow me to travel a little more and eat yakiniku more often.

Tough Vocabulary

- English - - Japanese -
arrogance 傲慢

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by Jon Hay

June 28, 2019

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Question 1

I think that Kanye West, who is an American rapper, flaunts his money. He buys and wears a lot of expensive clothing and jewellery.

Question 2

The richest person that I have known was my friends father in my home town. He owns a painting and decorating company. He has many important and famous clients.

Question 3

I try not to buy snacks at 7 / 11. It is not good for my health and my wallet. I usually buy two things when I go there and it ends up costing about 300 yen. If I do that 5 times a week that is 1,500 yen. Over a month it is 6,000 yen !!! That is quite a lot of money.

Question 4

My wife likes to buy fancy dog food for our pug as she really dislikes the smell of the regular dog food.

Question 5

1. I would buy a new house with a nice little garden. I have a design in mind. 2. I would buy a VIP ticket and 1st class airplane ticket to watch my favorite rugby team play at their home ground. 3. I would buy a present for my mother and father.

Question 6

Many people say negative, but I disagree. I think it would have a positive influence on my life. I have learnt in life that money comes easily and goes easily so I should respect the money I have at the moment. I do not think I would change but my wife on the other hand.....

Tough Vocabulary

- English - - Japanese -
ends up 終わる
fancy はでな
on the other hand 引き換え

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by Michael Kane

June 21, 2019

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Question 1

Jay Leno. Jay Leno is a famous comedian, and talk show host. He has since retired from his career. He is from my hometown Boston. He is an avid car collector. He has over 300 cars. Some are very rare and expensive. He has been on television many times to show off his beautiful cars.

Question 2

The richest person that I know is Kevin Systrom(see photo). He is an ex student of mine from Middlesex School in Concord, Massachusetts. Many of my ex students are very rich as they come from families of wealth. Kevin is one of the founding members of Instagram. He sold his share of the company to Facebook, and he is worth billions of dollars. However, he is very humble with his wealth. He donates large amounts of his money to charities, and lives in a small house in L.A..

Question 3

I never save money. I never have, and I never will. When I was younger, I made lots of cash as a bartender, but I always spent it on travel, food, and girlfriends. Now, that I'm married with children, all of my money goes to them.

Question 4

I think that I'm wasteful with how, and where I spend my money. If I planned ahead and bought items from Costco, and the supermarket, it would be cheaper than buying them from the convenience store. If I brought my lunch to work, I would save a lot of money.

Question 5

One million dollars isn't that much money these days, so I wouldn't buy anything too extravagant. I would save some of it for  Miwa and Jun's education. I would invest some of it in the American stock market. I would take a trip. I think travel is the best thing to spend extra money on.

Question 6

It would have a negative impact on me for sure. If I can't save money now, I wouldn't be good with a lot of it being dumped in my lap.

Tough Vocabulary

- English - - Japanese -
avid 熱心な
founding member 設立者
extravagant 贅沢な

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