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  • Vocabulary C1

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    Lenaps
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    This document contains several passages about financial topics such as: 1. The difficulties of getting out of debt and tips for paying it off. 2. What Americans think it takes to be considered "wealthy" or "financially comfortable" in terms of net worth. 3. A discussion on the pros of teaching money management in schools to help reduce future credit issues. 4. An idiom about prioritizing free things like family and friends over costly purchases and experiences.

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    Vocabulary C1

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    This document contains several passages about financial topics such as: 1. The difficulties of getting out of debt and tips for paying it off. 2. What Americans think it takes to be considered "wealthy" or "financially comfortable" in terms of net worth. 3. A discussion on the pros of teaching money management in schools to help reduce future credit issues. 4. An idiom about prioritizing free things like family and friends over costly purchases and experiences.

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    41 views3 pages

    Vocabulary C1

    Uploaded by

    Lenaps
    This document contains several passages about financial topics such as: 1. The difficulties of getting out of debt and tips for paying it off. 2. What Americans think it takes to be considered "wealthy" or "financially comfortable" in terms of net worth. 3. A discussion on the pros of teaching money management in schools to help reduce future credit issues. 4. An idiom about prioritizing free things like family and friends over costly purchases and experiences.

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    of 3

    Vocabulary Expressions - Idioms

    To struggle to get to the end of the month Paid peanuts


    In my last job I was paid peanuts
    Difficulties in getting out of debt 1. You Have to Change Your
    Lifestyle. ...
    2. You'll Have to Sacrifice for
    Now. ...
    3. High Finance Charges Take
    Much of Your Payment. ...
    4. Everyone Else Is Spending
    Money to Their Heart's Content. ...
    5. Others May Not Support
    Your Debt Repayment. ...
    6. Unexpected Expenses Will Arise.

    Cash has a number of advantages which


    cannot be matched by any electronic
    payment method, at least for the time
    being. Those features explain in large
    part why cash is still widely used by
    consumers. They also underline why the
    idea of a cashless society should be
    buried.

    Here's how much
    money Americans think is enough
    to live comfortably. Americans say it
    takes an average net worth of $2.4
    million to be considered “wealthy,”
    according to a new survey from Charles
    Schwab. And to be
    “financially comfortable,” survey
    respondents say you need an average
    net worth of $1.4 million

    + Money is tight as is and not knowing


    how to spend it is worse.
    - I do not think that teaching kids about
    money management in schools will allow
    for a lower percentage of people with
    credit issues in the future.
    In the west there is less poverty but also lot
    of pressure to make money and have
    success.
    The system is so well setup to help
    us save money and retire early.

    In my view, a simple flat tax of 20% on all


    spending is the best taxation scheme. Simple
    making more money isn’t reason to tax
    someone— it’s *high living* that we want to
    tax.

    This is a proverb that means those things


    that cost money should not be prioritized
    over free things like family and friends.
    Those free things are, in the end, worth
    more than anything money could buy.
    If someone says that the best things in
    life are free, he means that when people
    have the choice between spending
    money and focusing on their families and
    friends, he should choose the latter.

    https://www.learn-english-today.com/idioms/idiom-categories/money/money6_penny-uppers.html

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