Oh, it’s time. We need to talk about the most important financial time of the past three decades. In America, the financial market sent shockwaves everywhere when subprime (also known as CDOs) were passed like hot potatoes amongst the biggest banks in the world. When the CDO’s value went to s***, so did the companies. Bear Stearns collapsed on a biblical scale, and Lehman Bros followed suit, among so many others. CDOS slammed the housing market and the value of homes deteriorated. Americans had become homeless, lost their jobs, 401ks, and more — making it the stain of the 00s. So, let’s do some talking first about vocabulary.
bail them out credit crunch default on your mortgage file for bankruptcy recession regulator stimulate the economy
We’re here with some discussion points today! We’ll be discussing three of the following discussion points. First, we need to check out this info graphic.
We’re finally here! The second phase of my pronunciation course is here, and I’m happy to tell you guys that this is the beginning of the core of videos that I will be delivering. 1.5 hours worth of content and 6 videos with interactive lessons awaits you. Remember, before going into that course, make sure you do the prerequisite course down below.
Here’s what the new course entails.
The outcomes will be….
As part of the interactive exercises that I have that you must submit to me, here are some of them.
– Record and submit sentences/paragraphs.
– Learn how to self-monitor -s/ -es and -ed endings.
What you’ll learn
Are there any course requirements or prerequisites?
Who this course is for:
For any questions or if you want to book a call to discuss further, here are some links.
In today’s podcast, i’m going to speak about which cities I’ve lived in, in the past five years, have changed, as well as a few other things that revolve around technology. Then, you’re going to listen to two students discussing a presentation
2. Ben says the most important consequence of smart parking will be….
3. What is the students’ attitude to sensors in new building materials?
4. When Lura talks about digital signage she says that….
5. What surprises the students when they talk about criminals?
6. What conclusion do the students reach about Cyber City?
Welcome back to reading! So, in order to have success on any exam that involves cross-test multiple-matching activities, you need to identify the different writers’ opinions about specific points, and recognize whether the writers share a similar opinion or giving opposing opinions.
Here’s the reading followed by the questions at the bottom!
As a young man, I was lucky enough to get an internship at a robotics research and development center. The researchers gave me their wholehearted support as I took my first steps in AI. From then on, I haven’t looked back. Next month I’m joining up with a US team and collaborating on language software that will allow a robot to respond more naturally to questions. But getting that first break wasn’t purely down to good fortunate — before that I was at home, working out how to build effective electric circuits, and figuring out how to code. I’d say to anyone considering a career in robotics engineering that if you start from scratch, you’ll get the grounding you need. Thinking outside the box is then what moves you forward as an innovator. But apart from technical know-how, the other thing that young engineers should have is a set of principles. You must pose yourself the question: ‘How am I going to design something that is of benefit to others?’ and ‘What impact on society is it likely to have?’ Only then can you really be motivated to pursue it. I am curious about the robots that are now already dealing with public enquiries in a particular bank. There have been teething troubles; the robots have not always been able to analyze facial expression correctly, and so have sometimes responded inappropriately, but this will all be resolved as we move forward.C1 Gateway
Humans have always had the capacity to innovate; this is what sets us apart from other animals and has allowed us to evolve. But now our drive for innovation threatens our own security. Indeed we are on the verge of creating a future in which humans will have ever-decreasing value. Robotic engineering and artificial intelligence are developing at such a pace that people are not given the time to voice doubt or call into question the supposed benefits of automation. One concern is the impact of employment: robots will soon jeopardize millions of jobs worldwide, surely a catastrophe for social stability. I understand the desire to continually improve on existing technology, but the goal of any engineer should be to enhance human existence; and the effect of their actions on individuals and at societal level must take precedence over technical progress. However, there are those in the field determined to create machines they can pass off as humans. There is no justification for this. Humans have innate qualities that a machine will never replicate. I hold the view that there is something profoundly disturbing yet also futile about attempting to recreate the human essence.
Robotics engineering is not a career for the incurious. That an early interest in the basics such as programming and electronics is vital goes without saying. None of this is wasted when moving onto a robotics engineering program, however many years later. Vision is also imperative if we are to open up to the range of potential applications they might have. Then we must develop a market for them. If we don’t manage to do that, it is pointless having a conversation about ethics. For example, in today’s society, it is typical for both parents to work hard, and to do long hours. We are soon going to have a situation where finding childcare becomes near impossible. The time will therefore come when robots will take over certain parental duties; perhaps the collection of children form school or helping with housework. Still, in order to convince people to accept robots, they should look as human as possible. The more they resemble humans, the easier it will be for people to overcome their irrational fears. I agree with the notion that through interactions with robots, we can better understand ourselves. As AI moves forward, we will see that all humans have qualities in common, and start to think about what it truly means to be human: in terms of our desires, our dreams and our own consciousness.
I was recently invited to meet a humanoid robot, and of course, I accepted. I knew it was going to be an amazing encounter. What I had not expected was how disconcerting the experience turned out to be. Its eyes followed my every move, and the uncannily humanlike changes in its facial expression almost had me forgetting the fact was silicone. Its verbal responses to my questioning were slightly off at times, but it managed to keep the conversation going. The lead engineer on this innovative project explained how the next generation of machines could be put to use not only in factories, but also in our homes and offices. The leader was somewhat more reticent when it came to answering my concerns about the inevitable loss of jobs. There is also the issue of whether something with advanced artificial intelligence should be created for the purpose of servitude. At what point is a robot entitled to rights? And who will be legally responsible if a machine malfunctions, say a driverless car, and causes physical injury to people or property? A conference on such issues takes place next year. Certainly they require attention before further development takes place.
Read the article. For questions 1-4, choose fomr the four headings.
For questions 5-8, decide which of the extracts above contains the following information.
Welcome back to some more collocations! Always excited to bring you guys more phrasal verbs, so let’s get into it before we do the reading!
Complete the table down below with the words in the box.
ample beyondgrowing hold(v) hypothetical in into lend of on poseprevailing provide voice(v) wholehearted
|Verb + noun||prepositions + noun||adjective + noun|
|_________ the evidence|
|to _________ the|
|in view _________ the fact|
|to prove beyond doubt that||________ doubt|
|to come out _________ support of||________ support|
|to pose a |
|to call ___________ question||a __________|
A problem with school is that you often become what you study. So if you study cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich.
To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. As stated earlier, the number-one rule is to know the difference between an asset and a liability, and to buy assets.
The rich focus on their asset columns, while everyone else focuses on their income statements.
That is why we hear so often: “I need a raise.” “If only I had a promotion.” “I am going back to school to get more training so I
Financial struggle is often the result of people working all their lives for someone else.
can get a better job.” “I am going to work overtime.” “Maybe I can get a second job.” In some circles, these are sensible ideas. But you are still not minding your own business. These ideas all still focus on the income column and will only help a person become more financially secure if the additional money is used to purchase income- generating assets.
The primary reason the majority of the poor and middle class are fiscally conservative—which means, “I can’t afford to take risks”— is that they have no financial foundation. They have to cling to their jobs and play it safe.
So many people have put themselves in deep financial trouble when they run short of income. To raise cash, they sell their assets. But their personal assets can generally be sold for only a fraction of the value that is listed on their personal balance sheet. Or if there is
a gain on the sale of the assets, they are taxed on the gain. So again, the government takes its share, thus reducing the amount available to help them out of debt. That is why I say someone’s net worth is often “worth less” than they think.
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home. A new car loses nearly 25 percent of the price you pay for it the moment you drive it off the lot.Rich Dad Poor Dad
Keep expenses low, reduce liabilities, and diligently build a base of solid assets. For young people who have not yet left home, it is important for parents to teach them the difference between an asset and a liability. Get them to start building a solid asset column before they leave home, get married, buy a house, have kids, and get stuck in a risky financial position, clinging to a job, and buying everything on credit. I see so many young couples who get married and trap themselves into a lifestyle that will not let them get out of debt for most of their working years.
In 1974, Ray Kroc, the founder of McDonald’s, was asked to speak to the MBA class at the University of Texas at Austin. A friend of mine was a student in that MBA class. After a powerful and inspiring talk, the class adjourned and the students asked Ray if he would join them at their favorite hangout to have a few beers. Ray graciously accepted.
“What business am I in?” Ray asked, once the group had all their beers in hand.
“Everyone laughed,” my friend said. “Most of the MBA students thought Ray was just fooling around.”
No one answered, so Ray asked again, “What business do you think I’m in?”
The students laughed again, and finally one brave soul yelled out, “Ray, who in the world doesn’t know that you’re in the hamburger business?”
Ray chuckled. “That’s what I thought you would say.” He paused and then quickly added, “Ladies and gentlemen, I’m not in the hamburger business. My business is real estate.”Rich Dad Poor Dad
As my friend tells the story, Ray spent a good amount of time explaining his viewpoint. In his business plan, Ray knew that the primary business focus was to sell hamburger franchises, but what he never lost sight of was the location of each franchise. He knew that the land and its location were the most significant factors in the success of each franchise. Basically, the person who bought the franchise was also buying the real estate under the franchise for Ray Kroc’s organization.
Today, McDonald’s is the largest single owner of real estate in the world, owning even more than the Catholic church. McDonald’s owns some of the most valuable intersections and street corners in America and around the globe.
My friend considers this as one of the most important lessons in his life. Today he owns car washes, but his business is the real estate under those car washes.
The previous chapter presented diagrams illustrating that most people work for everyone but themselves. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage.
When I was a young boy, we did not have a McDonald’s nearby. Yet my rich dad was responsible for teaching Mike and me the
same lesson that Ray Kroc talked about at the University of Texas.
It is secret number three of the rich. That secret is: Mind your own business. Financial struggle is often directly the result of people working all their lives for someone else. Many people will simply have nothing at the end of their working days to show for their efforts.
Our current educational system focuses on preparing today’s youth to get good jobs by developing scholastic skills. Their lives will revolve around their wages or, as described earlier, their income column. Many will study further to become engineers, scientists, cooks, police officers, artists, writers, and so on. These professional skills allow them to enter the workforce and work for money.Rich Dad Poor Dad
Effective pronunciation ensures your audience can engage with your ideas, not so much big words (which would have your audience lost, based on the setting). Focus on the key features to make your delivery successful:
Use these strategies.
The three of us | presenting our solutions today | all come | from different backgrounds | in relation | to the problem. || This ought to provide | a broader perspective | on the issue | and some more innovative solutions. ||SKillful 4
Listen to the podcast down below and mark the sentence stress, pauses, and intonation on the extracts from the Speaking model.
Mark the pronunciation features on the extracts form the speaking model.
Wealth is a person’s ability to survive so many number of days forward—or, if I stopped working today, how long could I survive?
Unlike net worth—the difference between your assets and liabilities,
which is often filled with a person’s expensive junk and opinions of what
things are worth—this definition creates the possibility for developing
a truly accurate measurement. I could now measure and know where I was in terms of my goal to become financially independent.
Although net worth often includes non-cash-producing assets, like stuff you bought that now sits in your garage, wealth measures how much money your money is making and, therefore, your financial survivability.
Wealth is the measure of the cash flow from the asset column compared with the expense column.
Let’s use an example. Let’s say I have cash flow from my asset column of $1,000 a month. And I have monthly expenses of $2,000. What is my wealth?
Let’s go back to Buckminster Fuller’s definition. Using his definition, how many days forward can I survive? Assuming a 30-day month, I have enough cash flow for half a month.
When I achieve $2,000 a month cash flow from my assets, then I will be wealthy.
My next goal would be to have the excess cash flow from my assets reinvested into the asset column. The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I keep my expenses less than the cash flow from these assets, I grow richer with more and more income from sources other than my physical labor.
As this reinvestment process continues, I am well on my way to becoming rich. Just remember this simple observation: