Describe an interesting discussion you had with someone about how you spend your money.

You should say:

• who you had the discussion with
• why you discussed this topic
• what the result of the discussion was

and explain why this discussion was interesting for you.

Sample Answer

I don’t normally like to discuss my private matters with anybody unless, of course, I have a very valid reason to do so. But, the other day, I was casually doing exactly that with one of my senior cousins, who made the discussion rather interesting.

Of course, I didn’t exactly want to get drawn into this sort of discussion, but when my cousin asked me about my future plan or how I was spending and managing my money, I thought that there was no harm in discussing the subject. In fact, I decided to have that discussion, mainly because I wasn’t really doing that well financially even though I was earning a reasonably good amount of money from my job. And, I told that to my cousin, he told me that earning enough money wasn’t just enough to have a secured financial future unless we were using the money in creating tangible assets.

In fact, he gave me an account of how he successfully turned around his failing business about a few years ago by wisely investing his little savings. So, again, according to him, earning enough money wasn’t just enough as one would also need to find a way to invest it properly with a long term plan by factoring out the future inflation. Anyway, the discussion was not only getting more and more interesting but also getting more and complicated. Finally, the discussion ended with a piece of advice from my cousin that we should have never spent more money than we would earn.

Anyway, the discussion was really fascinating for me because it taught me a few effective tricks not only to save money but also to invest them wisely at the right time. Besides, the conversation also taught me how to create and maintain a link with financially successful people who could always teach us a thing or two on how to become a successful entrepreneur even when one doesn’t have any money at all. Finally, the discussion was also interesting because it taught me how to diversify my skills and money earning abilities.

Phân tích từ vựng

Get drawn into: bị lôi cuốn vào

Tangible assets: tài sản hữu hình

Wisely investing: đầu tư khôn ngoan

Savings: tiết kiệm

Factoring out the future inflation: bao thanh toán cho lạm phát trong tương lai

Entrepreneur: chủ doanh nghiệp