If you were a millionaire… go traveling around the world build an orphanage help the poor and the homeless buy a large house with a garden and a swimming pool donate money to a cause, like the Hope Project or to a charity, like the Red Cross establish a school for those children of the peasant workers
Cutting down Expenses 1. take-home pay noun [U] the amount of earnings that you have left after tax (e.g. income tax), etc. 2. to save some money on …expense 3. make (both) ends meet to have just enough money to pay for the things that you need My wages were so low that I had to take a second job just to make ends meet.
Insurance medical insurance car insurance house insurance life insurance property insurance
cutting down telephone expenses telephone and telecommunications companies use the lines of a major communication networks make long-distance calls use a phone card discounts at night and during holidays
“Connotative” Functions What attitude should be taken toward money
Love of money is the root of all evil. Lack of money is the root of all evil. What’s your opinion?
In-Class Reading Time Spent Agonizing over Money
New Words agonize stock market Black Monday DJIA crash station wagon test-drive subtly cut back on mortgage an all-time high on paper consume The Bible for that matter aspire to all but paycheck way in light of lest elusive pantry breath dollar sign give away street
agonize over/ about to spend a lot of time worrying about a decision: She agonized for days about whether she should take the job. Lee agonized over what to buy his girlfriend.
major stock market drop major: more important; bigger; more severe drop: the decline of stock prices stock market crash
Black Monday stock market crash 19.10.1987 On Black Monday, 19.10.1987, the S&P 500 Index lost 20,5%, the Dow Jones Industrial Average (DJIA) lost 22,6% and the Nasdaq Composite lost "only" 11,3%. This severe one-day crash also affected other international stock markets. But there were no important events or major news prior to this Black Monday justifying the drastic decline of stock prices!
DJIA Dow Jones Industrial Average: an index based on a representative group of stocks. The movement of these stocks is said to indicate the general movement of stocks on the stock market. an economic indicator
S&P 500 Index The S&P 500 Composite Stock Price Index The origin of the S&P 500 Index go back to 1923 when the Standard & Poor’s introduced a series of indices which included 233 companies and covered 26 industries. Today, the S&P 500 encompasses 500 companies representing 90 specific industry groups. One of the U.S Commerce Department leading indicators.
test-drive [v] to drive (a car that you are considering buying) in order to see if you like it : Buying a car over the Internet seems to be the wave of the future. But even if you do your shopping online, you will often have to go to a dealership to test-drive the car and take possession of it. Xbox 360 goes for a Test Drive We went for a test drive in the new Toyota.
subtly subtle: not loud, bright, noticeable or obvious in any way: The room was painted a subtle shade of pink. The play's message is perhaps too subtle to be understood by young children. This discovery had subtly changed/altered the way I thought about myself. not so subtly: in an obvious way; directly
cut back on to reduce the amount of money that is being spent on something We're having to cut back on investment this year. [often + on] Cutbacks in defense spending are expected in the next budget. contributing Factor
paycheck paycheck (AmE) pay packet (BrE) the amount of money a person earns: It's easy to go on expensive holidays when you have a pay packet the size of hers. to live from paycheck to paycheck
mortgage money that you borrow esp. to buy a home They took out a £40 000 mortgage to buy the house. a monthly mortgage payment on mortgage
an all-time high be at an all-time high: to reach the highest level that has ever been to reach an all-time low: After three years of drought, the water in the lake had reached an all-time low.
on paper according to theory: It's one of those things that look good on paper, but making it happen is a whole different ball game.
be consumed by/with to have so much of a feeling that it affects everything you do: He was consumed with jealousy. As a teenager, I was consumed by passion for the boy next door.
The Bible The collection of sacred writings belonging to the Christian religion. It is comprised of two parts: the Old Testament the New Testament Judaism (the Jewish religion) uses the Old Testament.
for that matter used to show that a statement is true in another situation Don’t talk to your mother like that, or to anyone for that matter. I don’t know and for that matter I don’t care. Ming's never been to Spain, or to any European country for that matter.
aspire to to have a strong desire or hope to do or have something: Few people who aspire to fame ever achieve it. success/ leadership/ excellence As a child, he aspired to be a great writer.
all but nearly; almost She all but fainted when she heard the news. We have all but finished the work. At that time it was all but impossible to return to the hotel.
dollar signs the symbol, $, is put in front of amounts of money in dollars.
give…away to give something to someone without asking for payment: The shop is giving away a sample pack to every customer. Nobody wants this type of heater anymore - I can't even give it away!
way adv. (INFORMAL) used to emphasize degree: After the third lap, she was way behind the other runners. She spends way too much money on clothes. That car is way cool! (SLANG way can also mean very) Care-free
in light of In view of; because of In (the) light of the situation, we have no alternative but to raise prices. In the light of recent incidents, we are asking our customers to take particular care of their personal belongings.
care a feeling of worry or anxiety: She seemed weighed down by all her cares. do not have a care in the world: have no worries He skipped down the street, seemingly without a care in the world.
lest in order to prevent any possibility that (something will happen): Take the umbrella, lest it should rain. They built a statue for him lest people forget what he did. He dare not play jokes on me lest I should be angry.
elusive difficult to describe, find, achieve or remember: He is so elusive. He never stays in his office. 他从不在办公室呆着，找他很难找。 Success in the business world has proved elusive. 生意场上的成功是捉摸不定的。 The meaning of his poetry is somewhat elusive. 他的诗歌有点难懂。
need: a condition of poverty or misfortune You just hope that the money goes to those who are most in need. The whole sentence means “ Even when you have plenty, your desire for getting more for the future can never be satisfied.” 即使粮仓已满，但对贫穷的恐惧使我们 渴望积蓄，难以罢休。 “The fear of need, when the pantry is full, is the thirst that cannot be satisfied.”
breath take a deep breath catch one’s breath hold one’s breath save one’s breath
review 我们今年必须还清抵押款。 We must pay off the mortgage this year. 由于产品卖不出，这家公司破产了。 The company went bankrupt because it couldn’t sell its products. 这周的油价达到了新的最高纪录。 The price of oil is at a new all-time high this week. 导致他成功的因素之一是努力工作。 One of the contributing factors of his success is his hard work. 他把大部分钱都送给慈善机构。 He gave away most of his money to charity.
Translation 1. I feel I should point out how dangerous it is. 2. Their opinion will not affect my decision. 3. When it comes to modern art, few people know more than Tom does. 4. When asked, she confirmed that she was going to retire. 5. The cough medicine tastes nice, but it doesn’t do me much good. 6. If we can’t sell more goods, we’ll have to cut back on the production. 7. The film is all but three hours long. 8. I assure you that it is true, lest anyone (should) think my story strange.