Listening. U2. Ex2.

Дата публикации: Mar 21, 2014 10:52:45 AM

It has become a staple of the advice offered by financial self-help books and experts: if you want to save more money, skip the $4.00 coffee you have every day. Compounded at eight percent Interest annually, that small sacrifice will be worth more than $70,000 in 20 years. Fine, but what about if you enjoy the coffee? If you were to apply their advice to every aspect of your life, you'd live in a shack, hitchhike to work and only ever eat dry bread. Their advice may help you save, but it won't help you live.

What point does the example of the coffee illustrate?

The example illustrates how much money could cost little things you allow yourself to buy if it would be summed up over several years.

What broader point is the speaker making?

The speaker makes the opposition between theoretical thought of self-help experts whose arithmetic calculus bring a flabbergasting amount of money and the real life.

Who do you agree with, the self-help experts or the writer?

Certainly people should save money for save for an emergency and for retirement but it is good within reasonable limits. You don’t have to become a scrimper. So I agree with the writer because I would like to live here and now and I will weigh all the pros and cons before deciding to save up money that way.

Update 1

What point does the example of the coffee illustrate?

The example illustrates how much money could cost little things you allow yourself to buy if it would be summed up over several years.

What broader point is the speaker making?

The speaker makes theoretical thought of self-help experts whose arithmetic calculus bring a flabbergasting amount of money oppose to the real life.

Who do you agree with, the self-help experts or the writer?

Certainly people should save money for an emergency and for retirement but it is good within reasonable limits. You don’t have to become a miser. So I agree with the speaker because I would like to live here and now and I will weigh all the pros and cons before deciding to save up money the way which has been described.